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Sidra Surmed
Sidra is a Business Writer with The Sentiment
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Interest in captioning tech sees jump in earnings for AI-Media
In a world increasingly dependent on digital communication, AI-Media Technologies (ASX: AIM) is striving to enhance the way we interact with content. With a focus on AI-powered solutions that transform the landscape of captioning, transcription, and translation, AI-Media has demonstrated growth in its key financial metrics for the year ending June 30,2024. AIM’s total revenue
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Despite construction industry challenges, Duratec delivers earnings growth
The Australian construction market has seen a range of challenges from raw material costs rises, but also opportunities from a need for better infrastructure to service population growth. Despite the dynamic environment in the Australian construction market, the demand for high-quality engineering and remediation services has driven Duratec’s (ASX: DUR) revenue and earnings growth for
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AI-powered road safety solutions pave the way for Acusensus revenue bump
Despite economic uncertainties, the demand for road safety solutions continues to grow, contributing to Acusensus’s (ASX: ACE) revenue and earnings for FY24 Founded in 2018, Acusensus designs and develops artificial intelligence-enabled road safety solutions. The Company’s financial performance highlights its focus on strategic initiatives, with an 18% annual increase in revenue to $49.6 million. The
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Kogan.com stages a comeback
Kogan.com (ASX: KGN), an Australia e-commerce platform previously welded in losses due to excessive inventory stockpiling, has made a return to profitability for FY24 after pivoting their business towards a more marketplace-centric model. Kogan.com’s revenue declined by 6.1%, reaching $459.7 million compared to $489.2 million in FY23, but this was no concern to the retailer
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Vysarn turns on the profit tap, eyes acquisitions for further growth of the back of earning surge
There may be doom and gloom around the economy but one certainty is that we’re going to need water no matter what, which has contributed to water service provider Vysarn (ASX: VYS) reporting a big lift in earnings for FY24. For the year ending 30 June 2024, Vysarn reported revenue of $75.9 million, an increase
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Cycliq teams up with BeEmotion to integrate vehicle detection technology into bike cameras
Cycliq (ASX: CYQ) has entered into a 10-year licence agreement with BeEmotion, formerly NVISO Group, to integrate AI technology into its Fly cameras and edge devices. Cycliq is an Australian company that manufactures innovative cycling safety products, including the Fly6 and Fly12 cameras, with a global presence and over 200k products shipped. Founded in 2009,
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Lynch Group reveals modest revenue growth and strategic outlook amidst flower market challenges
Lynch Group Holdings (ASX: LGL), a wholesaler and grower of flowers and potted plants in Australia and China, reported modest revenue growth for FY24. Despite their strong performance in Australia, the Company faced challenges in China due to weaker consumer demand and price declines. The Company reported its full-year results for the 12 months ending
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Financial strains lead Quickstep to sell aerospace maintenance division
Quickstep Holdings (ASX: QHL) plans to sell its Quickstep Aerospace Services division located in Tullamarine, Victoria, citing ongoing financial challenges and the need to focus on core business areas. Quickstep Aerospace Services (acquired in 2021), provides maintenance, repair, and overhaul services for commercial and defence aircraft. Since its acquisition, QAS has secured several strategic partnerships
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Strategic win for Control Bionics as new HCPCS gets approved for NeuroNode
The Centers for Medicare & Medicaid Services has approved a new Healthcare Common Procedure Coding System code for the NeuroNode, patent technology by Control Bionics (ASX: CBL). This approval, effective from 1 October 2024, introduces a reimbursement rate of US$4,300 for the NeuroNode, a significant enhancement from the previous reimbursement conditions. Control Bionics is a
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Firebrick Pharma expands Nasodine reach to Philippines under amended licence
Firebrick Pharma (ASX: FRE) is making waves with its Nasodine Nasal Spray disinfectant, having recently executed an amended licence and distribution agreement to bring the product to the Philippines. The amended agreement with S.V. More Pharma Corporation (SV More) allows for the local manufacture of Nasodine, shifting from its previous importation from Australia. This strategic
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Wellnex Life’s entry into UK wellness market kicks off with first purchase order from Haleon
Australian health company, Wellnex Life (ASX: WNX) has secured a pivotal partnership and received its first purchase order from global provider Haleon to supply Paracetamol Soft Gel Liquid Analgesic to the UK market. In today’s health-conscious world where consumers demand innovative and effective solutions, Wellnex Life’s partnership with Haleon positions the Company at the forefront
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Bio-Gene and Envu join forces to tackle mosquitoes with Flavocide
Bio-Gene Technology Limited (ASX: BGT), an Australian innovator in bio-insecticides, has entered into a strategic collaboration with Envu, a global provider of environmental solutions to evaluate its flagship product Flavocide for use in public and private sector mosquito management. Over half of the global population is at risk from vector-borne diseases like malaria, Zika virus,
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GDA toasts to growth with its core business while beer market sags
In a world where craft beverages are celebrated for their diversified tastes, beer remains a timeless favorite. Despite a challenging economic landscape, independent beverage company Good Drinks Australia (ASX: GDA), is brewing a positive financial performance. GDA’s financial growth is experiencing a spike, attributed to its own brand volumes and key strategic initiatives that include
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Actinogen’s Phase 2a clinical trial for depression treatment fails to meet primary endpoint, shares tank
Shares in drug development company Actinogen Medical (ASX: ACW) have plummeted following the results release of their Phase 2a clinical trial seeking a treatment for depression which has failed to meet its primary endpoint. In our fast-paced world, balancing a busy work schedule with life’s inevitable ups and downs can be challenging. Drugs for cognitive
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Bailador invests $7.7m in fitness studio management platform Hapana
In a bold move to flex muscles, Bailador Technology (ASX: BTI) has invested $7.7 million in Hapana Holdings, a software platform that promises to make gyms and fitness studios as efficient as a Swiss watch—or at least, that’s the idea. Hapana offers an all-encompassing software solution for gyms and boutique fitness studios, enabling them to
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Nick Scali’s 2024 financial rollercoaster features soaring sofas and dipping profits in the luxury furniture circus
Luxury furniture retailer Nick Scali (ASX: NCK) has faced a challenging year, marked by declining revenue but is making strikes in its expansion efforts in its bid to strengthen their position in the high-end furniture market. The Company made strides post-acquisition of Fabb Furniture, particularly in its UK growth strategy. Rodney Orrock, formerly the CEO
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Amidst a rollercoaster of retail challenges, Myer charts out a plan for growth
Myer Holdings (ASX: MYR) a long-established name in the retail industry, is navigating the stormy seas of a challenging market with docility. As consumers tighten their belts and inflationary pressures mount, Myer’s latest trading update addresses both the hurdles faced and the Company’s keen measures to secure a stable future. In June 2024, Myer made
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RLF AgTech moves to in-house distribution after ending deal with Rural Liquid Fertilisers
In the ever-turbulent business world, power plays and leadership shake-ups are common, but RLF AgTech (ASX: RLF), an Australian-based plant nutrition company, is in for another ride. In another upheaval, RLF has terminated its Australian distribution agreement with Rural Liquid Fertilisers due to breaches of the agreement by the latter. This termination ends Rural Liquid
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Audinate shares crunched with a transition year forecast as customers seek a move from hardware to software
Despite reporting record revenue, an update from audiovisual equipment company Audinate Group (ASX: AD8) has not been well received by investors having flagged changes to their business model in an attempt to adapt to changing customer needs in the AV industry, away from Audinate’s traditional hardware model. Whilst pandemic aftershocks are still shaking ground for
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Structural Monitoring Systems advances FAA certification for smart sensors in planes
Aerospace engineering company Structural Monitoring Systems (ASX: SMN) has made progress toward obtaining Federal Aviation Administration (FAA) certification for its smart sensor solutions designed for Aft Pressure Bulkhead inspections. The Aft Pressure Bulkhead is a crucial structural component at the rear of the aircraft fuselage, separating the pressurised cabin from the unpressurized tail section. Inspections
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Pentanet speeds up growth as NVIDIA partnership flourishes
Pentanet Limited’s (ASX: 5GG) significant investments in 5G infrastructure and NVIDIA technology has strengthened their balance sheet. The Company’s strategic focus on cloud computing and telecommunications has positioned Pentanet for future expansion. In today’s fast-paced digital world, time is a valuable commodity. Every millisecond counts. Pentanet, a Perth based telecommunication and gaming company understands this,
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AVITA Medical to collaborate with Regenity Biosciences to expand their skin regeneration portfolio
AVITA Medical (ASX: AVH) is set to enhance patient care with its new FDA-cleared collagen-based dermal matrix in collaboration with Regenity Biosciences. This innovative technology will catalyse healing for chronic wounds and severe skin injuries, offering patients quality of care through faster recovery and better skin restoration. “This strategic collaboration significantly strengthens our portfolio and
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Spacetalk nears completion of turnaround strategy, renegotiates loan for longer runway
Navigating difficult trading conditions and international expansion at the same time, family security tech company Spacetalk (ASX: SPA) is on the cusp of turnaround success after overhauling its leadership team 12 months ago and achieving positive operating cash flow. Spacetalk specialises in wearable devices and software for families. Its core product is a smartwatch designed
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Real estate tech firm RMA Global strategic pivot yields on the verge of positive cash flow
Attempting to manoeuvre a complicated real estate RMA Global (ASX: RMY), is focusing its efforts towards high-performing agents in an attempt to best connect homebuyers with real estate agents by improving their revenue model by leveraging agent analytics. CEO Jim Crisera noted, “The real estate environment continues to be challenging with high interest rates persisting
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Holista Colltech banks on new partners to turn fortunes as food sales struggle
With mixed quarter results for the June quarter, Holista Colltech (ASX: HCT) – a research-driven biotech company, is trying to stay afloat amidst challenges. Dedicated to developing and commercialising innovative food products, the Perth based company has seen a decline of 3.7% in overall sales receipts. With a focus on natural ingredients the company has
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dorsaVi secures $110k in contracts across mining, healthcare, and shipping sectors
Meticulous gathering and analysing of data is not limited to numbers or computers alone; it has now expanded to the realm of human physiology too. Now, imagine a world where every limb movement can be measured and analysed to optimise performance, prevent injuries and enhance workplace safety. This is the realm of dorsaVi (ASX: DVL),
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Genetic Technologies restructures to focus on growth in the US
Ever thought about how your chin resembles your father? Or your eye colour resembles your great grandmother – it’s all in the genes right! Genetics and DNA lie at the heart of biological sciences. Genetic Technologies (ASX: GTG) is initiating a strategic transformation to enhance prospects and financial stability. The plan involves operational restructuring to
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icetana AI’s global reach expands following product enhancements
“I’ll be back… sooner than you think?” The spectre of Skynet looms large in our collective consciousness, and with artificial intelligence moving at breakneck speed, one might want to know “when will the next terminator arrive?” Artificial intelligence (AI) is no longer a concept confided to science fiction, in fact it has transformed our lives
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Anagenics’ signs multi-year exclusive agreement for hair regrowth tech as revenue shows momentum
Australia’s burgeoning beauty, health and wellness markets present a lucrative opportunity for businesses like Anagenics. Over the years Anagenics (ASX: AN1) have evolved from their biotech roots into a dynamic beauty, health and wellness company. In spite of economic challenges that have elicited mindful spending, Australians continue to prioritise self care, with the nation running
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Melodiol moves to clear debt with $12m asset fire sale
In early 2024, Melodiol Global Health (ASX: ME1), formerly known as Creso Pharma, faced scrutiny from the ASX, regarding corporate governance and financial disclosure which led to a major restructure and rebrand, but now the time has come to offload a major asset in an attempt for survival under its mounting debt obligations. Melodiol is
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Level up your network management with Activeport’s NEO: It’s not just science fiction.
For Activeport (ASX: ATV) – it’s a NEW – oops we meant NEO morning, and no we are not talking about the Matrix! We are talking about Activeport’s anticipated Network Ecosystem Orchestration (NEO) platform, under the Global edge brand. Global Edge is Activeport’s SaaS platform and is set to redefine how enterprises manage their network
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Michael Hill hope to regain glimmer after clearing old inventory
After a whirlwind of economic unsustainability, jewellery retailer Michael Hill (ASX: MHJ) is ready to glimmer through the turbulence with strategic manoeuvres and operational adjustments releasing their positive sales momentum in recent months. Bolstered by the inclusion of Bevilles stores acquired in mid-2023, overall sales in FY24 have seen a positive performance with a 3.8%
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From dusk till dawn, candle retailer comes up with a collaboration that makes FY25 a lollipop
Oh the brewing fragrance of numbers! Well, that’s what dusk’s (ASX: DSK) recent trading update says – to say the least for the latter half of FY24. It has been pungently-challenging for Australian home fragrance retailer dusk, but they are expecting a positive shift despite the chaos. With the second half of FY24, total sales
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A match made in wellness – NGS partners with The Healthy Chef for North American expansion
In an over stimulating world, where infinite options can indeed be overwhelming, making an informed decision especially when it comes to our health; can be mentally draining. In this respect, companies like Nutritional Growth Solutions (ASX: NGS), are trying to shape the future of clean eating with their products and collaborations. Recently, NGS, a U.S
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CleanSpace sees sustainable growth with pivot to industrial sectors after the pandemic boom
While many pandemic emergent companies grapple with cautious consumerism and stale demand, CleanSpace (ASX: CSX), a respiratory technology company, breathes a sigh of relief with their 30% sales growth as compared to last year. In April 2024, they launched CleanSpace WORK, their lightest powered respirator, and at a lesser price point. Their new target audience
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CurveBeam AI receives FDA approval for enhanced HiRise scanner
Utilising artificial intelligence in medtech to address orthopaedic diagnostics and procedures, Curvebeam AI (ASX: CVB) has received FDA clearance for its Enhanced HiRise scanner. This approval allows the HiRise imaging scanner to be used in everyday medical practices and paves the way for CurveBeam AI to expand and commercially launch in the US. Infused with
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Fleetwood scores $40m Queensland government housing contract
Setting a foundation and shaping Queensland housing market, construction company Fleetwood (ASX: FWD) has won a contract to design, build, and install 60 homes for the Queensland Department of Housing, Local Government, Planning and Public Works. This aligns with Fleetwood’s strategy to expand its presence in the social housing sector and contribute to solving the
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Autism patient conditions improved after 12 weeks of treatment of Neurotech’s drug
Can you make autistic people less autistic? Neurotech International (ASX: NTI) believes so based on data published from their Phase II/III clinical trial of NTI-164 which aims to treat Autism Spectrum Disorder (ASD). ASD is a complex neurodevelopmental condition that can manifest in various ways. From challenges in social interactions, repetitive behaviours, and restricted interests,
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Lumos Diagnostics expands FebriDx distribution to Belgium
Lumos Diagnostics (ASX: LDX), known for its rapid point-of-care (POC) diagnostics tests, has expanded its partnership with Henry Schein Medical to add Belgium to its distribution list. This agreement makes FebriDx, a rapid test designed to differentiate viral from bacterial infections, accessible to Belgian healthcare professionals. FebriDx delivers results in 10 minutes from a fingerstick
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Selective breeding leads Murray Cod Australia to produce fish with 80% more biomass
A collaboration between Murray Cod Australia (ASX: MCA) and the CSIRO that commenced in 2021 is yielding positive results for the aquaculture company that is breeding fish up to 80% larger through a selective breeding program to enhance food supply and commercial production efficiency. Ross Anderson, CEO of Murray Cod Australia, said, “Our selective breeding
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SCEE expands role in collie battery project with $50M switchyard award
With the global emergence of renewable resources, large-scale battery storage projects are playing a crucial role in enabling a sustainable future. Syncing with this commitment, Southern Cross Electrical Engineering’s (ASX: SXE) subsidiary SCEE Electrical, has been awarded a significant expansion of its role in the Collie Battery Energy Storage System (CBESS 1) project in Western
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ClearVue powers up sustainability with repeat order from Greenhouse System USA
With environmental challenges on the rise, reducing carbon-footprints sits at the top of the priority list. Sustainability is becoming a major selling point and in a race to reach zero net emissions, the spotlight shines brightly on tech companies emerging with clever solutions that not only mitigate environmental impact but also set new standards for
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Melodiol Global Health reports revenue growth amid wider acceptance of medicinal cannabis products
Recreational cannabis use has been a global topic for debate in the past few years but cannabinoids, a naturally occurring compound in cannabis, are now gaining momentum as a treatment for managing pain, inflammation and various mental health conditions like depression and PTSD. For the past several months, Melodiol Global Health’s (ASX: ME1) subsidiary, Health
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Civmec secures $174 million in multi-sector construction contracts, strengthens order book
Construction and engineering company Civmec (ASX: CVL, SGX: P9D) has continued its momentum, securing streams of new contracts totaling $174 million, across fabrication, manufacturing, construction, and maintenance services in Australia. A significant portion of the awarded contracts centres around the design, manufacture, and offsite assembly of a new shiploader for the Dalrymple Bay Terminal in
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Bailador technology invests $20 million in financial advice platform DASH
In a move to capitalise on the growing fintech space, Bailador Technology Investments (ASX: BTI) has invested $20 million in financial advice platform DASH Technology. This tech investment aligns with DASH’s mission to make financial advisory accessible to a larger Australian audience. A cloud-based financial advice and investment management platform, DASH is growing amongst independent
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Adore Beauty strengthens presence in wellness circles with acquisition of clean beauty brand iKOU
While many of us are on a constant lookout for a beauty routine that rejuvenates both beauty and wellness, some may wonder if this focus on aesthetics improves lifestyle or simply a passing trend? Adore Beauty (ASX: ABY), a leading Australian online beauty retailer, is betting on the former with a $25 million all-cash acquisition
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East 33 issues harvest downgrade as harsh rainfall impacts oyster production volumes
The pandemic may have been detrimental to humans but the oyster population was not immune, decimating aquaculture company East 33 (ASX: E33) which is still navigating the rocky seas of recovery based on their latest trading update. August 2021 tested East 33 beyond their generational knowledge of harvesting oysters. The severe outbreak of an illness,
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Airtasker and oOh!media link up in $6m equity-for-advertising deal
Airtasker (ASX: ART), Australia’s leading online marketplace for local services, has entered a strategic media partnership with oOh!media Limited (ASX: OML), a well-known Australian outdoor media company worth $6 million. This tie up will provide Airtasker access to oOh!media’s extensive network of over 35,000 advertising sites all around Australia, covering billboards, street furniture, airports, office
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EZZ Life Science cracks the US supplements market: A game changer or a calculated gamble?
Imagine getting access to high-quality supplements for brain focus or essential minerals for your family, all with the backing of a brand that’s shaking up the industry. Yes, that’s the kind of potential impact we are talking about. The US expansion of EZZ Life Science (ASX: EZZ) may be a game-changer for American consumers seeking
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