With artificial intelligence for mainstream use still in its infancy, most AI companies are years away from profitability. But for UNITH (ASX: UNT), the conversational AI company has already achieved that milestone. For the Half Year ended 31 December 2022, UNITH generated $2.2 million in revenue which delivered 137k in net profit after tax, an
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If you haven’t been living under a rock, you must have heard about the massive tech layoffs across companies like Meta and Amazon. An underlying theme behind these layoffs was their CEOs’ dizzying faith in the e-commerce boom during Covid. Perhaps Aussie online shopping platform Kogan (ASX: KGN) bought into that school of thought, which
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Suspended from the ASX for questionable financials and raising capital with said number, beauty and wellness company BWX (ASX: BWX) has gone off the rails. Earnings down over 600% and profits down 1,700%, consequences seem to be catching up. In the first half of FY23, the Company recorded a revenue decline of 18.4% to $79.7
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A plummeting share price, board shuffles, poor decision-making and lost credibility—global payments platform EML payments (ASX: EML) has been at the bottom of the barrel for over a year now. And it just keeps getting worse somehow. The trainwreck began when, in May 2021, the Central Bank of Ireland (CBI) conducted an audit and decided
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Just this week, a Lotto Powerball player won a whopping $10.5 million after buying his ticket online. That’s the kind of hope that drives thousands—if not millions—to buy lottery tickets even during tough times, like inflation or recession. That also explains the 706k tickets sold by lottery retailer Jumbo Interactive (ASX: JIN) in H1 FY23.
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Two years of generating hundreds of millions of dollars of revenue, yet ended up with net loss after tax. The past two years of pandemic has been a bumpy roller coaster period full of terror for Ardent Leisure Group (ASX: ALG) but the ride is now turning for shareholders. As more people come back to
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