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Mitchell Korver
Mitch Korver is a Business Writer focused on high-growth companies listed on the ASX in the small and medium cap space.
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NobleOak acquires RevTech and FiftyUp Club in $11 million deal that ceases life insurance commission payments
NobleOak Life (ASX: NOL) has acquired the trailing commissions and FiftyUp Club platform business from RevTech Media Pty Ltd, in a deal valued at $11 million. The acquisition strengthens NobleOak’s position in the Australian life insurance market by granting the Company access to a significant member base and eliminating ongoing commission payments. RevTech, a media
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E&P seeks to delist from the ASX citing poor public perceptions and difficulty attracting talent
Adverse perceptions about being a publicly listed company on the ASX have prompted financial services provider E&P Financial Group (ASX: EP1) to voluntarily delist from the ASX, citing an undervalued share price which has negatively impacted its ability to attract and retain talent. The Board of E&P (previously known as Evans & Partners and Evans
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Beston Global Food enters voluntary administration citing COVID and high interest rates
While high interest rates may be impacting homeowners moreso when forced to sell under mortgage stress, the corporate world is not immune to these pressures which has claimed Beston Global Food Company (ASX: BFC) as the latest collapse.The food production company has entered voluntary administration, blaming a combination of post-COVID challenges, surging interest rates, and
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UNITH launches self-service Digital Human Platform ‘interFace’ with strong early traction
Businesses around the world can now deploy digital humans to work for them with just a few clicks of the mouse following the public launch of interFace, a self-service offering by artificial intelligence company UNITH (ASX: UNT) as the latest product launch for their Digital Human Platform. Designed to allow businesses to independently create, train,
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ECS Botanics secures distribution rights to bring Terphogz’s ‘The Original Z’ cannabis strain to Australia
Medicinal cannabis products producer ECS Botanics (ASX: ECS) has struck an exclusive distribution deal with California-based Terphogz LLC, paving the way for the arrival of the famed cannabis strain ‘The Original Z’ (commonly known as Zkittlez) in Australia. This partnership marks a significant milestone in Australia’s burgeoning medicinal cannabis market, allowing patients access to one
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Soco Corporation faces shareholder vote amid board leadership challenge
Issues around the leadership of IT company Soco Corporation (ASX: SOC) have not been resolved behind closed doors which has prompted shareholders to call for a vote among shareholders over the future of its leadership. Two of its major shareholders, Beostemis Pty Ltd and Castelfrentano Pty Ltd, lodged Section 249D notices to call for a
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City of Calgary engages SenSen for more smart city tech
The City of Calgary is set to become a lot more efficient having engaged smart city tech company SenSen Networks (ASX: SNS) for law enforcement devices that will reduce the reliance on human law enforcement. The contract, valued at $4.6 million (CAD $4.2 million) over five years, includes the supply of advanced vehicle-mounted and fixed
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NextEd joins the chorus of boos around Government cap on international students, flags revenue drop
Tertiary education provider NextEd Group (ASX: NXD) has forewarned investors that the impending cap on international students to be introduced in 2025 will have an adverse impact on revenue, joining its peers that will face unintended consequences from the legislative change. The Federal Government is set to introduce caps on the number of new international
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EDU Holdings faces uncertainty amid Government’s impending cap on international students
Higher education operator EDU Holdings (ASX: EDU) is the first of many education companies listed on the ASX preparing for a decline in business as the Australian Government’s proposed cap on international students becomes closer to reality, expected to kick in from 2025 onwards. The legislation, part of the Labor Government’s plans to reduce net
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Telco tries to Swoop in on Vonex acquisition, Board tells shareholders to ignore it
Telecommunications company Swoop Holdings (ASX: SWP) has submitted a non-binding proposal to acquire 100% of Vonex (ASX: VN8) in a competitive bid to derail an existing arrangement between Vonex and Maxo Telecommunications. Swoop’s offer has been met with strong resistance from Vonex, labelling the proposal as uncertain and urging shareholders to ignore it. The proposal
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Tabcorp faces profit erosion amid declining horse racing wagering as focus shifts to sports betting
In his first results presentation since taking the helm of wagering operator Tabcorp (ASX: TAH), former AFL boss Gillon McLaughlan has not shied away from the Company’s overreliance on horse racing which is a sport in turmoil as wagering numbers have plummeted, prompting McLaughlan to drive a greater push for Tabcorp towards general sports. For
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G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back
In a period marked by government initiatives aimed at making child care more affordable for families, nationwide operator G8 Education (ASX: GEM) has reported strong profit growth, benefiting from timely alignment between subsidy policies and the financial realities of child care services. For the Half Year ended 30 June 2024, G8 Education, which operates over
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UNITH confirms September launch date for interFace as their digital humans self-service offering
Artificial intelligence company UNITH (ASX: UNT) has officially confirmed the launch date for interFace, its innovative self-service Digital Human platform. Slated for release on 23 September 2024, interFace is a self-service offering that enables businesses to generate and deploy digital humans on their own, that can work 24/7 and converse in multiple languages, powered by
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Despite economic uncertainty and high interest rates, Domain delivers bumper FY24 result
As Australia battles economic uncertainty which has seen a major pullback in household spending, mortgages stress is pushing many families to breaking point with a bumper result for property tech company Domain Holdings (ASX: DHG) which has seen more listings at a time when borrowing power is weakened due to high interest rates. For the
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Tryptamine Therapeutics’ psilocybin trials deliver pain relief to all patients
With their new name to reflect the journey their patients undergo when treated with psychedelic drugs, Tryptamine Therapeutics (ASX: TYP) has confirmed that all patients suffering from fibromyalgia that took their TRP-8802 drug, an oral psilocybin formulation, demonstrated significant pain relief. The study, conducted in collaboration with the University of Michigan (UOM), was presented at
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Dammit Fred! PharmX ordered to pay $8.1 million following legal stoush dating back to 2014
A long-running legal dispute involving pharmaceuticals distribution company PharmX Technologies (ASX: PHX) has finally come to an end, and not in favour of shareholders with the Company ordered to pay $8.1 million in damages, interest and legal costs to Fred IT Group Pty Ltd. The Victorian Supreme Court’s Court of Appeal delivered its ruling, resulting
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UNITH confirms Digital Human public launch by end of 2024 with waitlist of enterprise clients growing
The public launch of artificial intelligence company UNITH’s (ASX: UNT) Digital Human platform is gathering momentum with more than 600 enterprise clients having confirmed their interest in deploying digital humans, powered by conversational AI. UNITH’s Digital Human platform is currently utilised by beta users and a small number of clients that have launched digital humans
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Novatti delivers record revenue for FY24 while slashing expenses by 19% in one year
12 months on from a restructure of their business and leadership overhaul, digital payments company Novatti Group (ASX: NOV) is exceeding expectations by slashing expenses while growing revenue through new commercial wins from businesses seeking to be paid quickly through digital channels. Novatti offers the common merchant services that allow businesses to accept digital payments
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Harris Technology surpasses $1 million in sales for refurbished tech products
The Australian retail industry may be witnessing a substantial pullback in discretionary consumer spending but rather than waiting for a return, online retailer Harris Technology (ASX: HT8) has offered low-cost alternatives to brand new products with its refurbished tech products surpassing $1 million in sales. Harris Technology is best known as a tech retailer that
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Novatti divests International Bank of Australia for $2.87m to focus on core payments business
Five years after it backed the International Bank of Australia (IBOA) in its banking licence application, digital payments company Novatti Group (ASX: NOV) has pulled the pin on the venture by selling its majority stake for $2.87 million. The decision to exit the venture comes amid a major restructure at Novatti in 2023 which saw
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Archer unveils breakthrough testing method for graphene transistors to identify optimal stability and accuracy
Australian semiconductor company Archer Materials (ASX: AXE) has developed a novel graphene transistor test that will produce the most stable and accurate gFETs for future development activities and commercialisation of their biochip for the medical diagnostics industry. The new procedure, designed to scrutinise the gFET sensors under various conditions and electrical operation modes, was developed
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Illegal aliens beware, FBR’s bricklaying robot has arrived in the United States
In the backdrop of illegal migration proving a critical battleground in the US Presidential race, illegal labour could soon be replaced by Hadrian X – the bricklaying robot developed by FBR (ASX: FBR) which has just arrived in the United States. The arrival of Hadrian X after a two month voyage by sea comes as
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SDI reports profit upgrade with cost cutting measure proving effective
Dental products manufacturer SDI Limited (ASX: SDI), has announced an uplift in expected profit for FY24, following a range of operational initiatives announced four months ago to reduce operating expenses. SDI’s preliminary sales for FY24 (unaudited) revealed a 3.2% increase to $111.4 million, compared to $107.9 million in the previous year, marking a record twelve-month
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Novatti yields 500+ new merchants for digital payment services from education, hospitality and fitness industries
If you’ve ever sat down at a restaurant and ordered your meal by scanning a QR code on the table, you’ll know it is a major trend in hospitality which has undergone a digital transformation. It’s a trend that digital payments company Novatti Group (ASX: NOV) is thriving in, adding one of the fastest growing QR
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Wrkr secures contract renewal from major client Precision for payroll tech
Workforce compliance company Wrkr (ASX: WKR) has gained a tick of approval for its platform with confirmation that major client Precision Administration Services has renewed its commercial contract with Wrkr for a further 2-years. Precision, which first engaged Wrkr in 2021 and is known for its ‘Beam’ brand, provides essential clearing house and single touch
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UNITH’s Digital Human Platform generates strong B2B interest at AWS Summit
Businesses that primarily operate in Spanish have shown a strong interest in artificial intelligence company UNITH (ASX: UNT) and their Digital Human platform as a business solution to target English-speaking audiences without the need to hire additional staff. Invited by Amazon to present at the recent AWS Summit in Barcelona, UNITH showcased its AI capabilities
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Apiam Animal Health partners with Veyx-Pharma to distribute innovative products in Australia
Apiam Animal Health (ASX: AHX) has announced a strategic partnership with the German company Veyx-Pharma to distribute their cutting-edge products across Australia. This agreement marks a significant milestone for both companies as they expand their reach and bring new technology to the Australian market. Over the past six months, Apiam has been rigorously researching Veyx-Pharma’s
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EZZ Life Sciences secures $15m deal for health and wellness products to be distributed through SE Asia
Health and wellness products company EZZ Life Science (ASX: EZZ) is set to see its products sold throughout South East Asia having secured a major distribution deal for its human health products from Pinehills. The five-year agreement, which commenced this month, is valued at a minimum of $15 million for the first 12 months, with
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University working with UNITH for AI-powered Digital Professors to address burgeoning student demand
University students in South America may soon have greater access to high quality tertiary education with artificial intelligence company UNITH (ASX: UNT) confirming it is in discussions with a University to deploy Digital Professors that will be powered by conversational AI. The University, which was not named due to the sensitivity of commercial discussions, cited
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Story-i’s Indonesian venture collapses, calls in receivers with $3.5 million of unpaid liabilities
If they weren’t already one of the most confusing companies to be listed on the ASX, retailer Story-I (ASX: SRY) is likely to undergo wholesale changes following their exit from Indonesia where their primary business operates as a technology products reseller, leaving behind more than $3.5 million in unpaid liabilities. The departure comes following the
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Novatti reports record $12.4m revenue with new commercial strategy delivering more client wins
Since undertaking a major business transformation that saw Novatti Group (ASX: NOV) reset its commercial strategy towards a market-led, customer focus, the digital payments company has reported a new record for quarterly revenue, made more impressive amid a cost-cutting program.. For the quarter ended 31 March 2024, Novatti reported $12.4 million revenue. It was the
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UNITH prepares for public launch of Digital Human Platform with major website upgrade
A public launch of the Digital Human platform is edging closer with artificial intelligence company UNITH (ASX: UNT) rolling out a major website upgrade, designed for integration of their platform that will make AI-powered digital humans accessible to all business owners. The recent unveiling of unith.ai demonstrates a range of embedded digital humans that showcase
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Hong Kong authorities dismiss case into Credit Intelligence brought upon by former CEO and Founder
The Hong Kong Official Receiver’s Office (ORO) has concluded its investigation into the allegations made by Mr. Ka Sek Wong (Jimmie Wong), the former CEO of Credit Intelligence (ASX: CI1), finding no evidence of material irregularity in the Company’s operations. This outcome follows a turbulent period for Credit Intelligence, marked by legal actions and complaints
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UNITH appoints former Microsoft VP to Board after oversubscribed cap raise is scaled back
As artificial intelligence (AI) looms as the biggest disrupter to business over the next decade, AI company UNITH (ASX: UNT) has appointed former Microsoft executive Gary Cox to its Board of Directors, a notable move with Microsoft now one of the world’s biggest players in the space. Cox brings more than 35 years of tech
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Investors back UNITH with $2.57m for its Digital Human platform, announces more AI milestones
As artificial intelligence (AI) looms as the biggest disrupter to business over the next decade, Australian investors have been closely monitoring the ASX with brokers Evolution Capital confirming they will fully underwrite a $2.7m capital raise by AI company UNITH (ASX: UNT) The commitment to fully underwrite comes with UNITH and Evolution having worked together
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Mesoblast receives FDA support for accelerated approval pathway for heart failure treatment
Biotech company Mesoblast (ASX: MSB) has received positive feedback from the US Food and Drug Administration (FDA) for a new heart failure treatment called rexlemestrocel-L. This treatment aims to help people with severe heart failure, particularly those who have reached the end stages of the condition. Heart failure affects millions of people worldwide, with many
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Rent.com.au expands RentPay to include digital wallets to meet demand for flexible payment options
With more than 500,000 migrants arriving in Australia annually, most on student and working visas quickly find that housing becomes their largest expense while trying to integrate into a new culture. It’s why so many get slugged by exorbitant foreign exchange and admin fees when trying to navigate Australia’s banking system, and also why Rent.com.au
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Revasum extends voluntary suspension in pursuit of takeover offer
While the artificial intelligence industry has been a big winner from the bumper financials delivered by semiconductor company NVIDIA last month, shareholders of semiconductor equipment firm Revasum (ASX: RVS) are still waiting to see the share price gains delivered by peers. The wait could take another two weeks, with Revasum extending its voluntary suspension in
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UNITH to integrate Digital Human platform with WordPress and Shopify plugins
In an ever-expanding digital landscape, artificial intelligence company UNITH (ASX: UNT) is poised to integrate its Digital Human platform with two of the world’s largest online platforms. Through new plugins, UNITH digital humans will be effortless to deploy by WordPress and Shopify users, leveraging their widespread adoption to propel AI-powered digital humans to new heights.
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Novatti’s business transformation takes shape under new leadership with revenue up and expenses down
Since undertaking its first major leadership change since listing on the ASX, digital payments company Novatti Group (ASX: NOV) has reported encouraging results, six months into a business transformation that has streamlined the previously fragmented fintech. For the Half Year ended 31 December 2023, Novatti generated $21.4 million in sales revenue which represented a 12.1%
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UniLodge partners with Novatti, enabling international students to pay bills from digital wallets with fixed fees
Australia is currently home to more than 850,000 international students, as one of the world’s most sought after countries for higher education, generating more than $38.9 billion per annum. For many of these students, adapting to a new culture is extremely difficult and why student services business UniLodge has teamed up with digital payments company
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UNITH’s investment in generative AI sees 100% growth, driven by AudioStack’s synthetic audio and voice cloning
Artificial intelligence company UNITH (ASX: UNT) has witnessed a 100% increase in the value of its investment in AudioStack, a testament to its foresight in the realm of generative AI with UNITH’s 9.7% rising to $3.9m, up from $2m in just 8 months. AudioStack, formerly known as Aflorithmic Labs, recently concluded a significant pre-Series A
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UNITH sets stage for mass adoption of digital humans with big interest from recruiters
In a major stride towards redefining the landscape of artificial intelligence, UNITH (ASX: UNT) has achieved a significant milestone with the soft launch of its self-service Digital Human platform. The controlled soft launch, aimed at a select group of users and clients, has already demonstrated promising results, leading to an expansion of licences by existing
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Harris Technology surges ahead with consecutive cash flow positive quarters as demand for low-cost tech grows
As Australia has grappled with extreme cost-of-living pressures prompted by rising interest rates and inflation, eCommerce company Harris Technology (ASX: HT8) has demonstrated resilience and strategic prowess to deliver consecutive cash flow positive quarters, expanding its low-cost alternative tech products that have proven hugely popular. For the quarter ended 31 December 2023, Harris Technology reported
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Syntara prepares for new clinical trials led by Professor Fiona Wood to restore elasticity into burn scars
Beyond the searing pain of burns, permanent scarring of the skin has a devastating lifelong impact on quality of life. Imagine reaching up for the top shelf and having a sharp pain surge down your arm and back. Unfortunately this is the reality for millions of burn victims where skin does not heal with the
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PharmAust invited by FightMND to submit a funding request for up to $1.8m
Biotech company PharmAust (ASX: PAA) has been invited by not-for-profit organisation FightMND to submit a comprehensive grant application which could grant up to $1.8 million to fund Phase 2 and 3 clinical trials in an effort to find a treatment for Motor Neurone Disease (MND) Earlier this month, PharmAust submitted a Letter of Intent to
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AVA Risk secures critical surveillance contract with Sydney Trains for train yards security
In a strategic move to fortify the security infrastructure of Sydney Trains, Ava Risk Group (ASX: AVA) has inked a five-year support agreement to enhance the safety of vital transportation assets with intrusion detection technology. The contract is valued at approximately $500k and is an extension of the existing contract Ava has had in place
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