New research published from global financial technology company IG reveals positive sentiment from Australian investors following a 2-year pullback in investor confidence, catalysed by cost-of-living pressures that prompted many households to deplete their savings. IG’s latest survey, the second iteration of A Trader’s Position – reveals traders are optimistic in their outlook about the Australian
Read MoreIn an attempt to grow their overall wellness business by diversifying their brands, Elixinol Wellness (ASX: EXL) will acquire The Healthy Chef, a premium wellness brand, in a deal expected to accelerate revenue growth and strengthen their position in the clean nutrition sector. The acquisition complements Elixinol’s existing portfolio and marks a significant step towards
Read MoreIt’s not often thought about but as we get older, our verbal capabilities deteriorate with age and for some, this can have a drastic impact on their health when unable to communicate the state of their wellbeing. Such issues for those who are non-verbal due to neurodegenerative diseases, however, may soon be solved for those
Read MoreNobleOak 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
Read MoreBattling to keep the doors open at its flagship Noni B, Katies, Millers and Rivers stores, specialty fashion retail Mosaic Brands (ASX: MOZ) will shutter five of its brands in a drastic move to simplify its business and secure its financial future. All retail and online stores associated with Rockmans, Autograph, Crossroads, W.Lane, and BeMe will
Read MoreIt may only be a matter of time until expectant mothers can monitor the heartbeats of their unborn child from home with medtech company HeraMed (ASX: HMD) pursuing regulatory reclassification to enable their HeraBEAT device to be reinstated for commercial distribution. HeraMED is advancing discussions with the Therapeutic Goods Administration (TGA) to reinstate its HeraBEAT
Read MoreWith soaring energy prices, it comes as no surprise that more households are seeking to reduce their carbon footprint by optimising their houses are downscaling entirely, a trend being capitalised on by solar glass company ClearVue Technologies (ASX: CPV) through a new collaboration with modular housing manufacturer, Prefabulous. The partnership will see ClearVue’s solar glazing
Read MoreThe trend of casual activewear has done wonders for many apparel companies around the world, but it’s also come at a cost due to the scarcity of materials that are both stretchy and durable. Tackling this, sustainable materials company Ecofibre (ASX: EOF) has been engaged by sportswear giant Under Armour through a major supply agreement
Read MoreAdverse 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
Read MoreFollowing a highly competitive tender process, medical distribution company BTC Health (ASX: BTC) has secured a $5 million contract with the Royal Children’s Hospital (RCH), continuing a run of successes since undertaking a business transformation 12 months ago to diversify its product portfolio. This five-year RCH contract marks the first implementation of the Eurosets ECMOLIFE
Read MoreWhile 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
Read MoreEnvironmental tech company Aeris Environmental (ASX: AEI) is set to target the growing market for smart building technology through a strategic joint venture with Cognian Technologies, aiming to combine their technologies. The partnership, named AerisTech, will leverage Aeris’ extensive environmental expertise and Cognian’s Syncromesh technology to provide advanced energy management and improve air quality in
Read MoreBusinesses 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,
Read MoreDigital safety solutions company Qoria (ASX: QOR) has secured an exclusive two-year deal with Schools Broadband, the UK’s largest managed service provider to K12 institutions. The agreement will see Qoria’s student monitoring solution, Monitor, rolled out to over 3,000 schools and Multi Academy Trusts, offering protection to approximately 1.5 million students across the country. The
Read MoreMedicinal 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
Read MoreUnder its old business model, the number 4 would typically never be marketed to their major customers but under the new direction of infant formula company Bubs Australia (ASX: BUB), its a joyous occasion with the 400th infant enrolled in their clinical trial program which seeks regulatory approval for commercial sales in the United States.
Read MoreDid supermarkets really think they could expect customers to work for free by processing their own checkouts? Apparently so, which has only fueled grocery theft which has quickly become the biggest problem faced by retailers while also promoting investment in loss prevention tech offered by RocketBoots (ASX: ROC). The need for robust loss prevention solutions
Read MoreIssues 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
Read MoreThe 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
Read MoreCost-of-living pressures may have mostly been referenced during reporting season by companies reliant on discretionary spending, but this has filtered into the world of financial services for Equity Story (ASX: EQS) whose target customers are those same households on low-to-middle incomes – retail investors. Seeking to navigate through these rocky conditions, Shane White has been
Read MoreDriving their expertise in genomics-based health and disease testing, Genetic Technologies (ASX: GTG) has partnered CancerIQ, a widely used platform that assists healthcare providers identify high-risk patients and prioritise preventive cancer screenings. CancerIQ has become a resource for healthcare institutions and clinics by simplifying the identification of individuals at risk for hereditary cancers. By embedding
Read MoreTertiary 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
Read MoreRobotics company FBR (ASX: FBR) is on its way in the United States having demonstrated no ill effects on its bricklaying robot Hadrian X which travelled the Pacific Ocean from Western Australia to Florida in search of homes to build and audiences to dazzle. Since arriving in Florida in July 2024, Hadrian X has now
Read MoreEngineering and construction firm Duratec (ASX: DUR) has secured $76.5 million worth of significant contracts from the energy and defence sectors which includes their first direct contract with energy giant Woodside Energy (ASX: WDS) and their largest contract to date with the Australian Department of Defence. The first of the contracts is valued at $21.8
Read MoreHigher 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
Read MoreAn investor syndicate featuring the well known names of Bruce Dixon and Vita Pepe have identified vet clinic operator Apiam Animal Health (ASX: AHX) as their next investment project after acquiring 13.44% of the Company. On Wednesday, AHX shares were strangely active with 15% of the Company changing hands and no fanfare in a move
Read MoreSince the emergence of Flybuys and Frequent Flyer schemes proving hugely profitable for the respective owners by demonstrating the value of loyal customers, loyalty tech has become a huge market and one that Gratifii (ASX: GTI) is seeking a bigger slice of pie via acquisitions of Australia’s Club Connect and New Zealand’s Rapport Group. The
Read MoreTelecommunications 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
Read MoreAdvertising tech company Adslot (ASX: ADS) has confirmed the resignation of its Chief Executive Officer, Ben Dixon, effective immediately after serving in the role since February 2018. Ben Loiterton, who has been assisting the Company in a strategic review and restructuring process, will assume the role of interim CEO. Adslot’s Executive Chairman, Andrew Dyer, praised
Read MoreEconomic data releases play a crucial role in shaping trading activity on the Australian Securities Exchange (ASX), providing vital insights into the health and direction of the economy. As traders navigate the complexities of the ASX, understanding how key economic indicators influence individual stock prices and the market as a whole is vital. When significant
Read MoreIn recent times, ASX-listed companies are increasingly adopting cost-cutting measures to navigate the challenging economic landscape – whilst its effect on companies bottom lines is possibly a reason to be quite bullish heading into reporting season. This trend has been driven by a combination of issues, namely; global economic uncertainties, inflationary pressures, and the need
Read MoreAmid mounting regulatory concerns which have now been compounded by leadership and insolvency concerns, the Board of Star Entertainment Group (ASX: SGR) is considering placing the Company into safe harbour provisions as they attempt to restructure the business and address its financial instability. These issues have been no surprise to the market, with SGR having
Read MoreDriving their efforts towards a circular economy for battery recycling, Lithium Australia (ASX: LIT) has inked an exclusive three-year agreement with global electric vehicle (EV) leader BYD Auto to significantly expand its battery recycling operations in Australia. Under the deal, Lithium Australia’s subsidiary, Envirostream Australia, will handle all end-of-life batteries from BYD’s New Energy vehicles,
Read MoreDriving Australia forward in the global arms race towards quantum computing accessibility, Australian semiconductor company Archer Materials (ASX: AXE) has successfully produced two proof-of-concept (POC) electrical devices that enhance the manufacturability of their 12CQ quantum computing chip. The two newly developed devices improve the detection and readout of quantum information from Archer’s proprietary spin material,
Read MoreIn a world where the proliferation of digital documents and cloud technology make managing paperwork both easy, and incredibly difficult to locate at times, document management tech company Knosys (ASX: KNO) has lined up another Government client, this time securing the Western Australia Director of Public Prosecutions (DPP) Office in a deal worth up to
Read MoreDrone technology company RocketDNA (ASX: RKT) has secured two contracts valued at $350,000 for its xBot PatrolBot system to be deployed across multiple mining sites, as autonomous patrol vehicles that remove the need for traditional human patrols. RocketDNA’s PatrolBot system represents an advancement in surveillance technology. Designed for industries like mining, energy, and utilities, which
Read MoreOnline retailer Harris Technology (ASX: HT8) has seen a significant improvement in earnings after repositioning its business strategy to counter the adverse effects of declining discretionary spending. The Company’s strategic shift, aimed at navigating a difficult economic climate where Australian households have pulled back on spending, has helped boost margins and earnings despite a reduction
Read MoreAquaculture company Seafarms Group (ASX: SFG) is gaining traction in its prawn export business, particularly in Europe, but the overall performance of the Company continues to struggle as it battles financial issues following an adverse Federal Court ruling in February 2024. In it’s FY24 results for the year ended 30 June 2024, the Company reported
Read MoreFresh off their merger with betr, which will see a combined business rebrand shortly, wagering operator BlueBet (ASX: BBT) has confirmed its decision to concede it’s international expansion ambitions by exiting the US market and concentrating solely on Australia. The move mirrors a trend seen among smaller Australian betting firms like PointsBet (ASX: PBH), which
Read MoreIt turns out that the departure of a significant partner can be a blessing in disguise, as demonstrated by medical distribution company BTC Health (ASX: BTC), which has delivered revenue and earnings growth through a series of measures implemented through FY24 to reduce their reliance on their previously biggest supplier. In April 2023, BTC confirmed
Read MoreIn 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
Read MoreThe 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
Read MoreIn 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
Read MoreDespite 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
Read MoreAccording to the Australian Institute of Health and Welfare, there are more than 1.7 million Australians that live with the biomedical signs of chronic kidney disease. While not all will deteriorate to kidney failure, it leads to the 22,000 deaths annually which could be reduced from earlier detection and better management, an initiative launched by
Read MoreWhile Australians have been increasingly frustrated by the Big Four banks and their inability to connect with customers, the trends have not played in the favour of minnow Auswide Bank (ASX: ABA) which has seen a dip in earnings, something that will be addressed through their proposed merger with fellow minnow MyState Bank (ASX: MYS).
Read MoreKogan.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
Read MoreAustralians may have been cutting costs through FY24 as evidenced by discretionary spending behaviour but this has played right into the hands of Apiam Animal Health (ASX: AHX) which has seen a surge in customers to its all-inclusive Best Mates membership program which is up 32% to 11,300 members. Rather than paying for each visit
Read MoreThe economy may be in strife but all that noise is being blocked out by people navigating the troubles with their heads down in video games. It’s just one of the reasons why game developer Playside Studios (ASX: PLY) has reported a bumper year with record revenue of $64.6 million for FY24. The record-breaking year
Read MoreThere 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
Read MoreCycliq (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,
Read MoreIn 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
Read MoreLynch 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
Read MorePharmaceutical and consumer health company, Bioxyne (ASX: BXN) has become the first manufacturer in Australia to produce cannabis gummies under a Good Manufacturing Practice (GMP) licence. Through its subsidiary, Breathe Life Sciences (BLS), Bioxyne has completed the first commercial run of these pharmaceutical-grade edibles, taking an early position in Australia’s fast-evolving medicinal cannabis market where
Read MoreQuickstep 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
Read MoreArtificial 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
Read MoreAfter months of uncertainty having struggled with solvency and a $6 million fine from the ACCC, Australia’s largest online book retailer Booktopia (ASX: BKG) has been sold by administrators in a move that will manage the financially distressed company, but see shareholders returned nothing. The sale was finalised on Friday, 16 August by administrators from
Read MoreThe 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
Read MoreAustralian semiconductor company Archer Materials (ASX: AXE) has progressed its latest Biochip design to the next phase of development by dispatching it to the VTT Technical Research Centre of Finland Ltd (VTT) for manufacturing. The Biochip’s newest graphene field-effect transistor (gFET) design, which was announced in July 2024, marks a milestone in enhancing it’s functionality,
Read MoreAs 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
Read MoreCost-of-living pressures and the inflationary pressure on raw materials is having an impact on childcare operator Nido Education (ASX: NDO) which has forewarned that it is unlikely to meet the profit expectations for 2024 that were outlined in their IPO Prospectus when listing on the ASX in October 2023. The childcare centre operator has cited
Read MoreFirebrick 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
Read MoreAustralian 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
Read MoreWhen James Warburton handed over the reins of Seven West Media (ASX: SWM) to Jeff Howard in April 2024, it was always going to be a baptism by fire with the media giant grappling with formidable challenges in an increasingly difficult television landscape. This was reflected with the Company reporting a significant downturn in earnings,
Read MoreBio-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,
Read MoreAustralian pet owners now have access to revolutionary tick and flea preventative with vet clinic operator Apiam Animal Health (ASX: AHX) having commenced sales of the injectable treatment which provides up to 12 months of control of paralysis ticks and treatment and prevention from flea infestations. The new technology was developed by pharmaceuticals giant Merck
Read MoreWith 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
Read MoreIn 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
Read MoreThe XJO is expected to open flat this morning following a subdued night of trading in the U.S. Their futures are also flat. After a strong run higher from our lows, it makes sense to see markets pause for the moment. Especially considering we have paused at the 50 day MA, and that there is
Read MoreShares 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
Read MoreIn 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
Read MoreThe XJO is expected to open higher this morning, near 7,850 at time of writing. The U.S finished slightly higher on Friday night, giving our market confidence to extend Friday’s gains. We are clearly bouncing off key support at 7,650, and should face resistance on open from the key level at 7,850, but also the
Read MoreLuxury 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
Read MoreA 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
Read MoreMyer 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
Read MoreIn a blow to the Australian tech industry, audio tech company Nuheara (ASX: NUH) has entered voluntary administration after failing to renegotiate its debt obligations. This decision comes after a protracted strategic review aimed at rescuing the Company, which has ultimately failed. The primary issue revolves around a $2.5 million convertible note held by Realtek
Read MoreIn 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
Read MoreIt’s been a busy few days for construction company Saunders International (ASX: SND) which has confirmed a collection of new contract wins that total $52 million worth of revenue, spanning projects across New South Wales and Western Australia. The first of these announcements came on Monday, when Saunders revealed it had been awarded the $31.5
Read MoreSmall cap investors may have been flocking to companies benefiting from global warfare and the rise of drone technology but it’s been awhile since they showed much love for armour manufacturer HighCom (ASX: HCL). But with a major overhaul of their leadership and Board, the tide may be turning for the defence products manufacturer which
Read MoreDespite 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
Read MoreMen now have an alternative to erectile dysfunction (ED) pills with the first prescriptions in Australia issues for SPONTAN, a nasal spray manufactured by LTR Pharma (ASX: LTP) which has been fast-tracked by regulators to address what they define as an “unmet medical need”. Prescriptions of SPONTAN are being issued under the Therapeutic Goods Administration’s
Read MoreLeaders at NVIDIA and Dell have been vocal on their expectations that artificial intelligence is going to drive excessive demand for data centres, commentary that asset manager Centuria Capital Group (ASX: CNI) has heeded by investing up to $21 million in ResetData, a pioneer in liquid immersion cooled data centres. This strategic move marks Centuria’s
Read MoreAerospace 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
Read MoreSet to drive its influencer marketing business in South East Asia, Xamble Group (ASX: XGL) has confirmed that Jason Thoe will be the man that elevates the social commerce agency to the next level as their new CEO. The strategic appointment aims to leverage Thoe’s experience in international expansion through influencer-centric marketing solutions, a field
Read MorePentanet 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,
Read MoreAVITA 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
Read MoreThe 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
Read More12 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
Read MoreNavigating 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
Read MoreAttempting 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
Read MoreWith 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
Read MoreMeticulous 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),
Read MoreTransport management and tech company Orcoda (ASX: ODA) has continued to build its reputation as a preferred supplier of community transportation, flagging a 21% increase in revenue for FY24 off the back of new contract wins with recurring revenue. Several major contracts significantly contributed to Orcoda’s revenue surge. The completion of the $6.8 million Aurizon
Read MoreThe 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
Read MoreEver 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
Read MoreFive 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
Read More“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
Read MoreGlobal electric vehicle company, Vmoto (ASX: VMT), has made a strategic investment in UK-based Zenion, a move set to enhance Vmoto’s position in the rapidly expanding last mile delivery sector and strengthen its supply chain capabilities. The investment, valued at £497k (approximately A$970k), will be funded from Vmoto’s existing working capital and marks a pivotal
Read MoreAustralia’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
Read MoreAustralian 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
Read MoreIn 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
Read MoreOnce a shining beacon in the alcoholic beverage industry for independent operators that could gain distribution through alternative channels to supermarket chains, Mighty Craft (ASX: MCL) has come crashing down to the point of insolvency and entered voluntary administration. Calling in restructuring firm Ankura to oversee an orderly wind up of the business, the move
Read MoreFor 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
Read MoreFirst they started brewing cannabis-infused beer, now Althea Group (ASX: AGH) is bringing cans of cannabis-based sodas to the market that will inevitably have certain consumers checking whether they’re tripping. The move is set to shake up the cannabis-based products market as a recreational product that will make a bold entry into the burgeoning US
Read MoreFacing discontent from its customers and shareholders while drawing the attention of regulators, property developer and retirement communities operator Lifestyle Communities (ASX: LIC) has hit back at allegations of shady marketing tactics designed to target vulnerable retirees. The response from Lifestyle Communities Managing Director, James Kelly was included in a trading update by the operator
Read MoreAfter 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%
Read MoreAt a time when the Australian Government is putting a priority on investing in quantum computing and homegrown innovation, semiconductor company Archer Materials (ASX: AXE) has achieved a breakthrough in their 12CQ quantum project that will enhance its devices and progress toward practical quantum computing applications. Archer’s quantum project is led by newly appointed Chief
Read MoreOh 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
Read MoreDigital health solutions company Global Health (ASX: GLH) has achieved a major milestone for shareholders, inflecting into positive operating cashflow for the first time and just 18 months after major shareholder Mathew Cherian took over leadership of the company as Managing Director. For the quarter ended 30 June 2024, Global Health reported $3.0 million in
Read MoreIn 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
Read MoreWhile 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
Read MoreMedical diagnostics tech company Compumedics (ASX: CMP) has seen a surge in sales with its unaudited sales data showing $49 million in revenue for FY24 which would be a new record for the Company. Sales were driven by Compumedics’ Australian sleep and neurodiagnostic businesses which experienced significant growth, bolstered by two major Magnetoencephalography (MEG) orders
Read MoreIn a digital age dominated by the likes of Tinder, Bumble, Grindr and other casual dating apps, a growing number of individuals are returning to traditional matchmaking services in search of meaningful connections. This trend is reflected in the recent financial performance of Love Group (ASX: LVE), a leading provider of personal matchmaking services, which
Read MoreAs Australians seek better value-for-money amid the cost of living crunch, internet provider Aussie Broadband (ASX: ABB) is set to offer a low-cost alternative to standard internet services with the launch of Buddy Telco, a no-frills digital-only internet service provider that will offer NBN services. The new Buddy brand aims to capture a significant share
Read MoreUtilising 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
Read MoreBucking a trend witnessed across the ASX that has seen retailers suffering from a decline in discretionary spending amid the cost-of-living squeeze, Australians have no issue spending on holidays to the Gold Coast with Coast Entertainment (ASX: CEH) reporting its highest ticket sales since 2016 for its theme parks that include Dreamworld and WhiteWater World.
Read MoreHaving focused on consolidating their industrial products businesses, Coventry Group (ASX: CYG) is seeing strong synergies realised from their efforts with its earnings for FY24 expected to be substantially up from the previous year, even with just a modest jump in revenue. Just a few days on from the end of FY24, Coventry Group’s preliminary
Read MoreA new drug seeking to treat irritability associated with Autism Spectrum Disorder (ASD) could soon be making its way to clinical trials in healthy volunteers after Zelira Therapeutics (ASX: ZLD) concluded a positive round of discussions with the United States Food and Drug Administration (FDA) on a study design. The proposed clinical trials are for
Read MoreSetting 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
Read MoreCan 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,
Read MorePositioned as a prime target for cybercriminals due to their potential exposure to money laundering and sports corruption, one of Australia’s largest bookmakers has beefed up their cyber defence by engaging with cybersecurity provider WhiteHawk (ASX: WHK). The engagement will see WhiteHawk provide an independent cyber audit based on non-invasive monitoring for 12-months to identify,
Read MorePlus-size clothing specialists City Chic Collective (ASX: CCX) has completed its departure from the US market having settled its divestment of its Avenue business to FullBeauty Brands, ending a troublesome period where marketing tailwinds were curbed by the pandemic and rise of online shopping. This strategic divestment is part of a business restructure by City
Read MoreLumos 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
Read MoreAccording to TechSci Research report, “Global Battery Additives Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028“, the global battery additives market has witnessed tremendous growth in recent years, reaching a valuation of USD 1.78 billion in 2022. The market is projected to continue its strong upward trajectory, posting a CAGR of 8.95%
Read MoreA 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
Read MoreIn 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
Read MoreWith 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
Read MoreThe housing crisis rippling across Australia is news to the ears of residential property developer Tamawood (ASX: TWD) which has reported a substantial profit increase expected, even with political forces and inclement weather adversely impacting the business. Tamawood specialises in residential construction and property development in Australia, operating under the Dixon Homes brand, offering a
Read MoreWith 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
Read MoreArcher Materials (ASX: AXE), recognised as a global leader in emerging technologies, recently showcased its innovations at the World Economic Forum (WEF) conference in San Francisco. CEO Dr. Mohammad Choucair (pictured) presented on advanced manufacturing value chains, discussing the semiconductor industry, the future of quantum computing and AI, at the event attended by over 230
Read MoreWith Australians fighting the cost-of-living financial squeeze created by the Reserve Bank, One Click Group (ASX: 1CG) has seen a surge in customer demand for their Next Day Refund product within the first 2 days of FY24 ending, enticed by the swift turnaround on tax refunds. The Next Day Refund product, which debuted last financial
Read MoreRecreational 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
Read MoreDental 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
Read MoreA standoff with shareholders dating back to 2014 has finally ended with Mayne Pharma (ASX: MYX) agreeing to settle a class action brought against them from shareholders, centering around allegations of misleading and deceptive conduct by the pharma company. The origins of the class action trace back to investigations by the US Department of Justice
Read MoreConstruction 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
Read MoreIf 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
Read MoreIn 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
Read MoreAustralia’s largest online bookstore, Booktopia (ASX: BKG) may be on the brink of insolvency with the retailer requesting the ASX continue its suspension of BKG shares while the Company seeks funding to provide ongoing working capital. As cited in a statement by Booktopia, the Company highlighted its ongoing efforts “to seek funding to improve its
Read MoreWhile 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
Read MoreThe 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,
Read MoreAfter changing its name, gaining adequate funding and being reinstated to the ASX, fintech and digital commerce company Ovanti (ASX: OVT), previously known as IOUPay (ASX: IOU), is finally returning to doing business after allegations of fraud and misappropriation of funds. The Company has signed a major new contract through its subsidiary, iSentric (no affiliation
Read MoreAustralia sees about 300,000 births every year, creating a fertile ground for businesses like Baby Bunting (ASX: BBN) to thrive, but that hasn’t been the case in recent months as sales have reflected a big pullback in spending amid cost-of-living pressures on young families and online competition from the likes of Temu and Shein. From
Read MoreOvarian cancer diagnostics company Cleo Diagnostics (ASX: COV) has taken a major step towards the US launch of its pre-surgical triage test for ovarian cancer detection. The Company wrapped up an initial pre-submission meeting with the U.S. Food and Drug Administration (FDA), thus setting its regulatory journey in motion. Ovarian cancer is a serious health
Read MoreAirtasker (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
Read MoreFleet management and transport technology software company EROAD (ASX: ERD) has signed on its largest Australasian customer. Though EROAD kept the customer’s name under wraps, it did divulge the details. EROAD has secured the contract for a minimum of 5,000 units for the customer’s Australian fleet and an additional renewal for 6,000 units for its
Read MoreRising focus on rural development and rapidly growing tourism industry is expected to drive the Global Agritourism Market growth in the forecast period, 2025-2029. According to TechSci Research report, “Agritourism Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Agritourism Market stood at USD 5.17 Billion in 2023 and is anticipated to grow
Read MoreForging on its expansion into regional Australia (possibly ticking off Rex (ASX: REX) further), national carrier Qantas (ASX: QAN) has announced a new investment into its DeHavilland Dash 8 turboprop fleet. It is part of its ongoing commitment to “keeping regional Australia connected”. The first aircraft will join the Company’s regional brand, QantasLink, by the
Read MoreImagine 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
Read MoreDon’t worry. Ken is physically fine. The featured picture is just a well-known meme in corporate circles but metaphorically summarises the latest events at farming tech company RLF AgTech (ASX: RLF) which has commenced the process to forcibly remove Kenneth Hancock from its Board of Directors. Hancock’s employment as Managing Director was terminated on 4
Read MoreSofter trading conditions proved detrimental for online luxury goods retailer Cettire (ASX: CTT), impacting its financial performance in the quarter. To combat the decline, the Company has expanded its base, officially launching its direct platform in mainland China which went live yesterday and has already processed orders. This marks a big step in its strategic
Read MoreDespite the challenging economic landscape, Australians continue to prioritise their dental health, as evidenced by Pacific Smiles Group‘s (ASX: PSQ) which has reported a notable increase in patient fees, underscoring the resilience of the dental care sector amidst cost of living pressures. Pacific Smiles disclosed a significant rise in patient fees, which reached $285.4 million
Read MoreMedical data and technology company HeraMED (ASX: HMD)’s subsidiary HeraCARE is gearing up for its soft launch with Telstra. It will soon be available to medical practices using Telstra Health’s MedicalDirector patient management software. In November 2023, HeraMED initially announced its partnership with Telstra Health’s MedicalDirector platform, which serves GPs and healthcare professionals. HeraCARE is
Read MoreAustralian fashion retailer Mosaic Brands (ASX: MOZ)—the company behind brands like Noni B, Millers, Rockmans, Katies, Crossroads and Beme—has reported a challenging second half of FY24, citing disruptions in its supply chain and a decrease in consumer spending as key factors impacting its financial performance. Despite a strong first half with a $13.1 million EBIT,
Read MoreBiotechnology company Emyria (ASX: EMD), which develops treatments for mental health and neurological conditions, has newly inaugurated its treatment facility Empax Centre. The centre has been selected as a key site for a clinical trial sponsored by New York-based Transcend Therapeutics. The trial will evaluate the safety and efficacy of methylone, a novel rapid-acting neuroplastogen
Read MoreSo you’ve seen self-driving cars and drones, now gear up for an autonomous wheelchair that dispels the need for joysticks. In wheelchair users, atrophying muscles can make it challenging to use the joystick properly, thus losing control of their wheelchair. That’s where digitising the experience further helps. Medical device company Control Bionics (ASX: CBL)’s autonomous
Read MoreMedical imaging software company Mach7 Technologies (ASX: M7T) has signed a three-year subscription renewal agreement with radiologist platform DocPanel for the Company’s Enterprise Imaging Platform and eUnity Diagnostic Viewer. The agreement is for a three-year subscription license with a minimum fixed fee. The total minimum value of the renewal is $1.9 million and will generate
Read MoreThe Australian Prudential Regulation Authority (APRA) is proposing several changes to strengthen bank capital requirements and liquidity standards in response to the global banking turmoil earlier in 2024. Here are the key proposed changes: Valuing liquid assets at market value APRA is proposing to require banks subject to the Minimum Liquidity Holdings (MLH) regime to
Read MoreWorkforce 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
Read MoreAustralian semiconductor company Archer Materials (ASX: AXE) is one step closer to the commercialisation of their graphene-based Biochip, a recent design of which has been successfully manufactured by foundry partner Graphenea in Spain, carving a pathway towards its future production. The milestone advances Archer’s Biochip capabilities in access to commercial semiconductor production facilities for technologies
Read MoreBetween 2022 and 2023, the Australian Cyber Security Centre received over 94,000 reports of cybercrime – a 23% increase from the preceding period. This underscored the need for companies to improve their cybersecurity infrastructure, which is where the integrated mixed reality company Vection Technologies (ASX: VR1) comes in. Vection has won two contracts valued at
Read MoreAerospace and defence services company Quickstep Holdings (ASX: QHL) announced significant progress in its long-term agreements with aerospace and defence companies Northrop Grumman, Lockheed Martin and Marand. Over the coming months, the Company is transitioning into the next phase of multi-year production orders under these agreements, signalling sustained business prospects. Quickstep is a global manufacturer
Read MoreThe Global Aircraft Electrical Generation Systems Market is driven by the increasing demand for more electric aircraft, emphasising efficient, lightweight electrical systems, and the industry-wide shift towards electrification for improved sustainability and operational efficiency. According to TechSci Research report, “Global Aircraft Electrical Generation Systems Market, 2029F”, the Global Aircraft Electrical Generation Systems Market stood at
Read MoreTakeback provider of ink and toner cartridges Close the Loop (ASX: CLG) is set to expand its footprint in the US, Europe and the Middle East. Over the next 12 months, the Company anticipates establishing new facilities in these locations to support its growing operations. This expansion aligns with its strategic goals and aims to
Read MoreAfter establishing new leadership in the first half of FY24, HR Software-as-a-Service (SaaS) company Schrole Group (ASX: SCL) has almost closed an acquisition proposal from EdTech company TES Global. The Company has entered into a Scheme Implementation Deed with TES Aus Global, a subsidiary of TES Global Limited (TES). TES will acquire 100% of Schrole’s
Read MorePharmaceutical and healthcare company Vita Life Sciences (ASX: VLS) has forecasted a positive growth trajectory for the first half of CY24. Besides expecting sales growth, it is also expecting returns from its recent product launch in Vietnam. The Company expects sales to rise to between $39 million and $40 million, up from $34.7 million in
Read MoreIncreasing their presence in the global defence industry where players are constantly seeking to one-up their rivals, cold spray tech company Titomic (ASX: TTT) has secured another win with new contract orders totalling $476k. The series of high-value projects come from major international defence primes and suppliers, marking a crucial step forward for Titomic’s innovative
Read MoreGlobal biomass power generation market is expected to grow due to the advancements in biomass power generation techniques during the forecast period of 2024-2028. According to TechSci Research report,“Biomass Power Generation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global biomass power generation market is anticipated to register 4.97% CAGR during the
Read MoreBaby formula company Bubs Australia (ASX: BUB) has all but closed the chapter on its financial and legal troubles that underlined most of last year. In the USA, its weekly scan revenue exceeded $1.5 million per week, with over 24,000 tins sold. The number of tins sold increased by 10k to about 24k compared to
Read MoreMarine and subsea solutions company MMA Offshore (ASX: MRM) has been up and up, providing positive earnings guidance while negotiating a takeover. Its earnings visibility and performance across the second half have continued to improve. The Company’s FY24 financials follow a solid FY23, which also saw a stronger-than-expected second half. MMA Offshore secured several positive
Read MoreAustralian whisky distillery Lark Distillery (ASX: LRK) is gearing up to close FY24 with over $3 million in revenue and Spirits Platform as its domestic distribution partner in a five-year agreement. SP is an Australian Spirits Distributor, established in 2015 by the ex-Suntory Australia Management team. It is majority-owned by its management team, with minority
Read MoreEngineering and maintenance company Boom Logistics (ASX: BOL) has strengthened its position in the rapidly growing renewable energy sector with a $12 million contract awarded for wind turbine maintenance from Squadron Energy. The contract involves providing crane support for maintenance tasks on Squadron Energy’s extensive wind asset portfolio. This work is scheduled to commence in
Read MoreMedical technology company Singular Health Group (ASX: SHG) has publicly launched its new online DICOM (Digital Imaging and Communications in Medicine) viewer and a ChatGPT 3.5 AI integration with semi-automated patient education prompts. This enhances doctors’ analysis of medical imaging. The product launch comes just three months after the initial online proof-of-concept. The online viewer
Read MoreBusinesses 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
Read MoreIt’s raining contracts for technology-enabled care solutions company Talius Group (ASX: TAL). The Company has received purchase orders to supply its assistive technology solutions to ADT New Zealand, a subsidiary of Intelligent Monitoring Group (ASX: IMB). From August 2024 to December 2024, ADT will provide five orders for 1,000 Personal Emergency Response Systems (PERS) units
Read MoreIndustrial technology and 3D printing company Aurora Labs (ASX: A3D) has received a significant purchase order from the Australian Government’s Department of Defence, valued at $49,400. This order involves the supply of experimental metal alloy 3D-printed parts, marking Aurora Labs’ strategic entry into a larger market segment that it has been targeting for the past
Read MoreIncreasing adoption of electric vehicles and growing deployment of energy storage systems are likely to drive the Lithium Iron Phosphate high voltage battery market According to TechSci Research report, “Lithium Iron Phosphate High Voltage Battery Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Lithium Iron Phosphate High Voltage Battery Market
Read MoreIf you’ve noticed repeated advertising for the Skull Shaver during sports broadcasts, you’ll now have to buy them from grooming and beauty retailer Shaver Shop Group (ASX: SSG) which has secured the popular product’s exclusive distribution rights in Australia and New Zealand. Skull Shaver, renowned for its innovative head-shaving products, has been a significant supplier
Read MoreApiam 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
Read MoreFollowing a solid first half of FY24, diversified industrial services company SRG Global (ASX: SRG) has retained the momentum. The Company has been awarded multiple contracts with existing clients in the renewable energy, resources and energy sectors across Australia. The value of the new works secured is $125 million. The new wins include a six-year
Read MoreAt a time when the regulatory spotlight is firmly targeting Australia and New Zealand’s casino operators, SkyCity Entertainment Group Limited (ASX: SKC) has notified the market of an earnings downgrade as regulation and cost of living pressures limit gambling spend. SkyCity’s revised earnings guidance for FY24, forecasts an underlying Group EBITDA between $280 million and
Read MoreDigital healthcare company BlinkLab (ASX: BB1) is set to participate in a clinical study with Bates College, Maine, to assess the performance of its smartphone test as an aid in the diagnosis of functional neurological disorder (FND). The tests will be used for remote testing of FND patient populations in Maine, New York, New Jersey,
Read MoreAccording to TechSci Research report, “U.S. Virtual Power Plant Market – By Region, Competition Forecast & Opportunities, 2018-2028F”, The market is growing due to the rising proportion of renewable energy and decreasing solar energy generation and storage prices. The market expansion for virtual power plants is also driven by the growing use of cutting-edge technologies in the
Read MoreBiotech company Arovella Therapeutics (ASX: ALA), focused on developing its invariant Natural Killer T (iNKT) cell therapy platform for cancer treatment, has achieved a major milestone. It has completed process development for its patent-protected manufacturing process required for large-scale Good Manufacturing Practice (GMP) manufacturing of its lead product, ALA-101. ALA-101 is an “off-the-shelf” CAR-iNKT cell
Read MoreSeeking expansion into the burgeoning medicinal cannabis market as part of the plant’s trend as a treatment for various common ailments, Wellnex Life (ASX: WNX) will debut its new Wellness Life cannabis brand next month. The launch of Wellness Life will be supported by a collaboration with OneLife Botanicals and is bolstered by the appointment
Read MoreAfter a few board changes and a successful beta test program, software company Harvest Technology Group (ASX: HTG) is now ready to launch its remote video monitoring platform, Nodestream Live. This platform was previously introduced as the AVRLive Cloud. Nodestream Live is a cloud-based software designed to streamline and enhance remote video monitoring in bandwidth-constrained
Read MoreVirtual healthcare solutions company Visionflex (ASX: VFX), known for its telehealth devices, medical equipment, and software solutions, has shared a solid financial projection for FY24 following a name change and business divestments. The Company exited PetYeti and GoBookings, completed in March and May 2024, respectively, to concentrate exclusively on the Visionflex business division. Following a
Read MorePharmaceutical company AFT Pharmaceuticals (ASX: AFP) has teamed up with pharma wholesaler Alexso to distribute Combogesic, or Maxigesic Rapid Tablets, in the United States, the largest pharma market in the world. Maxigesic Rapid is a treatment for postoperative pain management. Clinical data showed that Combogesic IV provides more analgesia, or pain relief, than comparable doses
Read MoreFavorable government policies and increased adoption of smart meters in smart cities are likely to propel the India Smart Meter Market during the forecast period, 2024- 2028. According to TechSci Research report, “India Smart Meter – By Region, Competition Forecast & Opportunities, 2018 – 2028,”the India Smart Meter Market is anticipated to register a robust growth during the forecast
Read MoreAustralia’s largest online bookstore is set to undertake a strategic reset amid difficult retail trading conditions with Booktopia Group (ASX: BKG) to layoff 50 staff and shake up its leadership team with current CEO David Nenke resigning, effective immediately. The strategic overhaul, headlined by the redundancies from Booktopia’s corporate headquarters in Rhodes, Sydney, aims to
Read MoreAustralian wagering tech company BetMakers Technology (ASX: BET) has signed two-year market access and content agreements with the online British-based bookmaker Bet365 relating to New Jersey and Colorado. As per the agreements, Bet365 will be licensed by BetMakers to offer fixed odds bets on thoroughbred horse racing to Bet365 customers within New Jersey. Bet365 will
Read MoreAbout 57 people are diagnosed with breast cancer every day in Australia, with instances having grown over the past decade. New and improved treatments are crucial, and to address that, Australian diagnostics company INOVIQ (ASX: IIQ) has developed a special exosome therapy that can target and kill breast cancer cells in lab tests. The Company
Read MoreHealth 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
Read MoreDeath and business despair underscored media services provider Aspermont’s (ASX: ASP) first half of FY24 as it grappled with the loss of its founder Andrew Kent and a massive earnings decline. In H1 FY24, the Company’s revenue was down 15% on H1 FY23 to $8 million, with its gross profit declining by 29% to $3.9
Read MoreThanks to expansions and new product launches adopted by the likes of F1 and NASCAR, sports tech company Catapult (ASX: CAT) reached a revenue milestone in FY24, with its SaaS divisions boosting sales. In FY24, the Company’s annualised contract value (ACV) grew 20%, with Catapult hitting a revenue mark of $152 million. Its profit margin
Read MoreWastewater treatment and reuse company Fluence Corporation (ASX: FLC) has secured a $7.2 million contract to provide a demineralised water treatment system for Eneva in Silves, Amazonas, Brazil. Eneva is a private operator of onshore natural gas in Brazil, with a strong presence in Amazonas. The system will be part of Eneva’s new $1.6 billion
Read MoreSaudi Arabia Onshore Floating Solar Market is rising due to increasing focus on renewable energy sources to diversify the energy mix and reduce dependence on traditional fossil fuels. According to TechSci Research report, “Saudi Arabia Onshore Floating Solar Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, The Saudi Arabia Onshore Floating Solar Market is experiencing a significant upswing as
Read MoreA benchmarking study comparing ovarian cancer diagnostics company Cleo Diagnostics (ASX: COV)’s blood test against ultrasound has been published in the scientific journal “Cancers” with positive outcomes. The study found that Cleo’s initial test for the surgical triage market significantly outperforms the current clinical workflows that use Cancer Antigen 125 (CA125) and ultrasound to predict
Read MoreIn FY24, AI-driven language and content services provider Straker (ASX: STG) faced market conditions tougher than initially expected, with lower revenue growth and subdued M&A activity. Investors did not look kindly upon this underperformance, with Straker shares falling about 37% in FY24. During the period, Straker diversified its services to include a generative AI-based product
Read MoreThe NSW Government has remained loyal to HR tech company AD1 Holdings (ASX: AD1) by ending their contract for 2-years which will extend use of AD1’s ApplyDirect recruitment software services, specifically for the iWorkforNSW platform. Over the past 12 months, the iWorkforNSW platform has seen substantial activity, with over 60,000 job postings, 970,000 applications, and
Read MoreMedical device company PainChek (ASX: PCK), developer of a smartphone-based pain assessment and monitoring application, has been granted a patent in 20 European nations by the European Patent Office (EPO). The patent application is titled “A Pain Assessment Method and System” and allows PainChek to safeguard the intellectual property of its pain assessment and monitoring
Read MoreCOVID-19 was a turning point for the telehealth industry. In Australia, between 2020 and 2022, more than 100 million telehealth services were delivered to around 17 million Australians. Over $5 billion in Medicare benefits were paid, and about 90,000 medical practitioners have now used telehealth services to support their patients. Aussies have been quick to
Read MoreAccording to TechSci Research report, “Hypersonic Weapons Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Hypersonic Weapons Market stood at USD 8.41 billion in 2022 and is anticipated to grow with a CAGR of 8.23% in the forecast period, 2024-2028 The Global Hypersonic Weapons Market represents a dynamic and strategically significant
Read MoreIschaemia is a condition in which the blood supply to any part of the body is so severely restricted that it receives no oxygen and can result in a stroke. Early detection is crucial, and so, medical devices company EMVision (ASX: EMV) has been conducting multi-site clinical trials to advance its neurodiagnostic AI algorithms to
Read MoreGlobal molecular diagnostics company Genetic Signatures (ASX: GSS) has decided to halt the development of its EasyScreen Essentials Respiratory Detection Kit for the US market due to increased competition and changing market dynamics. It will now focus its effort and investment on the anticipated launch of the EasyScreen Gastrointestinal Parasite Detection Kit in the US.
Read MorePYC Therapeutics (ASX: PYC), a clinical-stage biotechnology company, has achieved a significant milestone with the U.S. Food and Drug Administration (FDA) granting Orphan Drug Designation (ODD) to its investigational drug candidate, PYC-001. This precision therapy is designed to treat Autosomal Dominant Optic Atrophy (ADOA), a rare and progressive blinding eye disease. This designation is expected
Read MoreWinter is coming, and a Game of Thrones-themed game by video game developer PlaySide Studios (ASX: PLY) is being developed with it. The Company has teamed up with Warner Bros. Interactive Entertainment and HBO to develop a multiplayer strategy game based on the Emmy Award- and Golden Globe-winning Game of Thrones series. This new premium
Read MoreAfter grappling with significant losses, transportation technology services company EROAD (ASX: ERD) appears to be bouncing back. It has revealed its FY24 results, ending March 2024, as it enters FY25 with high hopes. EROAD achieved a notable improvement in free cash flow, turning positive at $1.3 million, a significant rebound from the negative $29.9 million
Read MoreIn this economy, saving a quick buck is a priority. That’s also the reason behind K-mart profits booming to over $600 million in the first half of FY24. Australians are casting around for low-priced goods that provide good value. Why, then, did the discount retail chain The Reject Shop (ASX: TRS) have a sobering experience?
Read MoreUniversity 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
Read MoreGlobal travel company Webjet (ASX: WEB) is exploring a demerger with two of its companies expected to be listed on the ASX. The merger would separate its two travel divisions: WebBeds, the global bed banks business, and Webjet B2C, which includes Webjet OTA, GoSee, and Trip Ninja. If pursued and completed, the demerger will create
Read MoreFinTech company Plenti (ASX: PLT) ended FY24, ending March 2024, with improved operating efficiency. In the final quarter, offshore operational support was eliminated and these functions were replaced with advanced technology. Moreover, this improved Plenti’s proprietary technology platform and facilitated a new integration with National Australia Bank (NAB) systems to support the “NAB powered by
Read MoreGrowing awareness of less carbon emission and favorable government regulations are the factors driving the market growth in the forecast period According to TechSci Research report, “India Renewable Energy Market– By Region, Competition, Forecast & Opportunities, 2029F”, India Renewable Energy Market is predicted to increase during the projection period with growing awareness of renewable energy
Read MoreSharemarket darling Nvidia (NASDAQ: NVDA) is projected to report some strong numbers this week, with the Company forecasted to deliver $5.52 per share compared to $4.55 in the previous quarter. However, with CEO Jensen Huang’s plans to offer the best AI chips in the game, established chipmakers like AMD and Intel as well as those
Read MoreIn Australia, heart failure affects over half a million individuals, making up over 150,000 hospitalisations per year, over 60,000 deaths, and a cost of over $3 billion. Globally, heart failure affects more than 60 million people and is the world’s leading cause of hospitalisation in people over 65 years. It makes up 17% of all
Read MoreIn 2022, telecom giant Telstra (ASX: TLS) launched its T25 growth strategy focusing on improving customer experience and becoming more digital-first. In line with that, the Company is set to let go of up to 2,800 of its direct workforce, with the majority to be eliminated by the end of CY24. Telstra will also update
Read MoreIf 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
Read MoreProject cancellations and delays, union activities in the sector, and continued unstable weather appear to have flustered traffic management company Avada Group (ASX: AVD), which was prompted to review its FY24 guidance. Its FY24 underlying EBITDA is forecast to be between $14.5m and $15.5m, down from FY23’s $16.1m and its previously issued FY24 guidance of
Read MoreAustralian software-as-a-service (SaaS) company InteliCare Holdings (ASX: ICR) has transformed its pilot phase into a full-fledged contract with the nursing facility Hardi Aged Care. The Company announced that its 10-bed deployment at the Hardi Aged Care Manly Vale facility will now expand to a full site rollout. In addition, InteliCare will be deployed into 42
Read MoreOver the past few months, the Federal Government has tightened immigration to halt the country’s international student growth. In light of that, existing education providers like NextEd (ASX: NXD) have had to change tact. NextEd’s international student mix has shifted from the English language to vocational courses. Total new international student (ELICOS and vocational) enrolments
Read MoreAdoption & integration of IoT and AI in pest monitoring and expansion of agricultural sectors in developing countries is expected to drive the Global Agricultural Pheromones Market growth in the forecast period, 2024-2028. According to TechSci Research report, “Agricultural Pheromones Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Agricultural Pheromones
Read MoreIn the June quarter to date, smart transport technology solutions provider Orcoda’s (ASX: ODA) subsidiary Future Fleet has secured major new sales orders. Just six weeks into Q4 FY24, orders exceeded $640k, with revenue expected to be booked over the next few months. These orders will also contribute about $300k in annual recurring software revenue
Read MoreBy 2030, the Australian government aims to eliminate HIV transmission. An ambitious goal, but in line with the country’s declining HIV rates. Over the past ten years, instances of HIV have all but halved. But there’s still work to be done. On May 14, the Australian government announced its 2024-2025 federal budget with a focus
Read MoreThe XJO is expected to rally on open this morning following a strong night of buying in the U.S overnight which saw their market make fresh all-time highs. Their market rallied on the back of softening inflation and retail sales data. Their futures have also edged into the green. We should open near 7,800 and
Read MoreOne day after announcing new contract wins, wagering tech company RAS Technology Holdings (ASX: RTH) has notified the market that its founders, Gary Crispe and Robert Vilkaitis, have sold down 3 million shares a month after the duo sold another 5 million RTH shares. This sell-down represents 6.6% of the Company’s issued capital on top
Read MoreHospitality and accessory retail company Innlanz (ASX: INL) is set to delist from the ASX, surrendering to the COVID effect on its business. The Company’s board of directors noted that its financial position and the COVID-19 pandemic-forced changes in its business, the costs and administrative burden of remaining listed on ASX outweigh the benefits of
Read MoreWhile milk powder has long been classified in the realm of infant consumption, its value in fact extends to the opposite end of the age spectrum, a trend that plant-based biotech company BPH Global (ASX: BP8) is aiming to capitalise on through a new pilot study in China. The study for adult milk formula will
Read MoreIf you’re even somewhat acquainted with the AI gaming space, you’ve probably heard of virtual girlfriends, AI avatars and more. Gamers have lapped up AI content, with its popularity set to surge. In keeping with that, internet venture investment company Fatfish (ASX: FFG) has progressed with its proposed acquisition of a strategic stake in AI
Read MoreThough recent acquisitions and business strategies are bearing fruit, commercial truck and trailer parts company MaxiPARTS (ASX: MXI) has struggled with flattened revenue. That’s because of a slowdown in transport activity on the East Coast in March and April, combined with increased pricing pressure and ongoing cost inflation. Due to the slowdown, its underlying sales
Read MoreAfter working together for many years, engineering services company Southern Cross Electrical Engineering (SCEE) Group (ASX: SXE) is set to acquire electrical services company MDE Group, adding to its operational arsenal. The Company will acquire 100% of MDE Group for $10.55 million. Completion is expected to occur by the end of May 2024. Founded in
Read MoreIn line with its US pursuit, medical equipment manufacturer Optiscan Imaging (ASX: OIL) has signed a know-how agreement with the US-based academic medical centre Mayo Clinic to develop a new endomicroscopic imaging system. The companies will work together to co-develop technology for use in robotic surgery. The global market size for medical robots is set
Read MoreIncreasing trend of vertical farming & indoor gardening and rising inclination for organic food is expected to drive the Global Agriculture Enzymes Market growth in the forecast period, 2024-2028. According to TechSci Research report, “Agriculture Enzymes Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Agriculture Enzymes Market stood at USD 364.52
Read MoreHouseholds around the world are likely to face cost-of-living pressures for longer than originally expected with monetary policies around the world still struggling to curb inflation. So rather than imminent interest rate cuts, talk of rises in the United States has flowed on to Australia where inflation is still rising faster than core CPI. US
Read MoreThe market has welcomed the brutal honesty of Anthony Maslin, Chairman of Wide Open Agriculture (ASX: WOA), who took to LinkedIn to explain the food production company’s heavily discounted cap raise as the only alternative to entering voluntary administration. Yesterday, Wide Open Agriculture announced it would raise $10 million at $0.02 per share, despite WOA
Read MoreDigital-out-of-home solutions are crucial to many brands who want to get visibility beyond the internet and social media. That’s where media company Motio (ASX: MXO) comes in. In the week of May 6, 2024, the Company saw its largest forward media booking week since Motio’s inception, providing confidence as it enters FY25. Motio remains on
Read MoreArtificial intelligence company UNITH (ASX: UNT) is gearing up for the launch of its Digital Human platform with the launch of its API that will enable direct integration with major platforms such as Meta, Amazon and Mistral AI. UNITH’s platform API, which can be accessed through their recently-launched website, will allow developers to connect with
Read MoreAccording to the World Economic Forum (WEF), the manufacturing industry will need to undertake a major structural shift in the face of emerging technology, climate change and geopolitical tensions that will be driven by economies of skill where global collaborations will be critical to fortifying value chains amidst ongoing disruptions. The WEF White Paper, From
Read MoreMelbourne-based developer and manufacturer of analytical and life sciences products Trajan Group (ASX: TRJ) expects its full-year revenue for FY24 to fall short of previous projections due to delays in order delivery and unexpected softening in the pharmaceutical sector. Trajan manufactures analytical and life sciences products and devices—including microscope slides, analytical syringes and micro-sampling tools
Read MoreGlobal Hybrid Solar Wind Systems Market is expected to grow owing to continuous advancements in solar and wind technologies, as well as innovations in energy storage systems throughout the forecast period. According to TechSci Research report, “Hybrid Solar Wind Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Hybrid Solar Wind Systems Market is
Read MoreDespite the economic squeeze Australians are under due to inflationary pressures, pet owners are prioritising spend on health and wellness as reflected by vet clinic operator Apiam Animal Health (ASX: AHX) in their March quarter update. For the 9 months ended 31 March 2024, Apiam reported $154.8 million revenue which represented a 8.5% increase on
Read MoreIn an era of connectivity, companies cannot afford to lose out on any information—especially in sensitive areas like defence. That’s where drone connectivity solutions company Elsight’s (ASX: ELS) Halo comes in. During a strategic collaboration exercise, the Company found that its Halo connectivity platform was rapidly integrated with Lockheed Martin’s Indago 4 UAS (drone) to
Read MoreLosing sales because of fewer clients is an understandable, although unfortunate, negative contributor for a business. But when employees taking more vacation days or leaving causes the business to all but fall apart—that is cause for concern. Australian law firm AF Legal (ASX: AFL) was hit with this double whammy in Q3 FY24, as it
Read MoreElectrical technology solutions company SKS Technologies Group (ASX: SKS) has secured several major contracts for electrical and communications infrastructure projects at the Australian Defence Force’s RAAF Base Tindal in the Northern Territory—the Air Force’s youngest operational base. The combined value of the projects is approximately $11 million. This follows the Company’s national expansion strategy. Chief
Read MoreThe days of subscription candy delivered to your door are no more with confectionery company Candy Club (ASX: CLB) set to merge with tech advisory business Scalare Partners which will list on the ASX via the Candy Club back door. Upon completion, Candy Club will formally change its name to Scalare Partners, with a combined
Read MoreA recent report revealed that, in the US, the rate of babies being born prematurely has been rising. Between 2014 and 2022, premature births grew 12% to 8.7%. This paints a concerning picture for mothers and infants who face great risk. To address this, point-of-care diagnostic technologies Lumos Diagnostics (ASX: LDX) has been working on
Read MoreRising inflation and lowered spending capacity are coming for the recreational vehicles (RVs) industry as fewer people seek out campervans and motorhomes. Following a review of all its divisions, New Zealand-based tourism company Tourism Holdings (ASX: THL) has lowered its net profit after tax (NPAT) guidance for FY24. It expects NPAT to be between $45.5
Read MoreSince acquiring Diverger, a major player in Australia’s financial services landscape, accounting and wealth services provider Count (ASX: CUP) has been recording major cost synergy benefits. The Company has noted that annualised expected cost savings from the integrated wealth management business have been upgraded to about $4 million. This will be achieved in FY25. The
Read MoreA prominent Middle Eastern government agency is particularly keen to safeguard its data, engaging cybersecurity tech company Senetas (ASX: SEN) for what will be its largest order for encryptors ever. The order for 100 Senetas encryptors comes via distribution giant Thales which has been working with Senetas. It is anticipated to inject between $2.5 to
Read MoreWord on the street is that marijuana in the US might soon be classified as not as threatening as LSD and heroin, thus allowing cannabis companies like Australia-based Little Green Pharma (ASX: LGP) to chart their entry. Sources in the US Drug Enforcement Administration have confirmed the regulator will recommend reclassifying cannabis from Schedule I
Read MoreEven though travel itineraries are laid out in TikTok and Instagram videos, people still look to travel agents to plan their trips. Travel distribution company Helloworld (ASX: HLO) saw its network agents continue to experience high demand for leisure and corporate travel in Australia and New Zealand. Even though demand for domestic leisure travel has
Read MoreThe Global Delivery Drones Market is primarily driven by the escalating demand for faster and more efficient last-mile delivery solutions, coupled with technological advancements in drone capabilities and growing regulatory support for commercial drone operations, enabling the expansion of drone-based delivery services. According to TechSci Research report, “Global Delivery Drones Market – Industry Size, Share,
Read MoreSometimes, the better business solution is to bring back the tried-and-tested instead of launching something new – a sales strategy security tech company Intelligent Monitoring Group (ASX: IMB) is applying it now. IMG’s subsidiary, Mammoth Security, is set to acquire security systems company Adeva Home Solutions. IMG will pay Adeva founders Adam Woolston and Evan
Read MoreConsumer spending around Australia is at its lowest point since 2000, but two products which are seemingly immune to cost-of-living pressures are fried chicken and pizza according to Restaurant Brands (ASX: RBD) and sales from their KFC, Pizza Hut, Carl’s Jr and Taco Bell stores. For the quarter ended 31 March 2024, Restaurant Brands reported
Read MoreMeal kit services are great for people who just can’t be bothered to think up new recipes every day. However, for the average Joe, they can be too expensive. So, subscription-based meal kit provider Marley Spoon (ASX: MMM) beefed its services up with discounts. But that did little to help its financials. Now, the Company
Read MoreThe XJO is expected to fall on open this morning following a strong pullback in the U.S overnight. Their futures are flat. The U.S had some strong secondary base jobs data overnight, but it seems likely that much of their selloff was also driven by a de-risk attitude as we head into the Fed interest
Read MoreAfter seeing its Blue Dinosaur snack bar product near extinction in online and offline grocery aisles, health and wellness food company Forbidden Foods (ASX: FFF) is picking up the pace again. In March, it handed over the snack bar’s production to NSW-based product developer Edenvale, which has helped cut costs and bring inventory up to
Read MoreThe applications of virtual reality systems are far-reaching. From providing entertainment to strengthening military training processes—extended reality, i.e. a mix of virtual, augmented and physical reality, is widely adopted. That’s where the immersive extended reality company xReality Group (ASX: XRG)’s reality is thriving. In Q3 FY24, the Company saw strong sales growth for its subsidiary
Read MoreSince 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
Read MoreSemiconductor company Archer Materials (ASX: AXE) has made notable technology development progress with its 12CQ quantum chip and its Biochip lab-on-a-chip technology. To progress the 12CQ chip development, Archer designed, developed and built a new type of device called a pulsed electron spin resonance (p-ESR) chip. Archer was able to leverage the expertise of Swiss-based
Read MoreBeauty e-commerce retailer Adore Beauty Group (ASX: ABY) has informed that its CEO, Tamalin Morton, has noted her intention to step down in 2024 for personal reasons. Tamalin will remain in the position until September 2024. After the successful transition to a new CEO, she will take on a consulting role to provide ongoing strategic
Read MoreHouse-hunting horror stories have become commonplace, with Aussies and immigrants grappling with rising rents. To alleviate some of the stress, rental platform Rent.com.au (ASX: RNT) recently expanded its rental payments platform RentPay to accommodate more digital wallets. As a result, the Company has achieved the significant milestone of processing $250 million of payments since its
Read MoreIn the wake of escalating cost of living pressures, consumers are increasingly turning to refurbished IT products as a cost-effective alternative to new purchases – a trend being capitalised on by eCommerce company Harris Technology (ASX: HT8) which is seeing a surge in sales from refurbished products. For the quarter ended 31 March 2024, Harris
Read MoreBy 2030, the global cybersecurity market is expected to be valued at over $800 billion. Plus, global defence agencies are prioritising upping their cybersecurity in light of growing global tensions. At this time, information security services provider archTIS (ASX: AR9) has seen its revenue surge. During Q3 FY24, archTIS’s total revenue was $2.6 million, an
Read MoreAfter announcing a potential share price agreement to acquire Amentco in February 2024, Austco Healthcare (ASX: AHC), a healthcare workflow management solutions company, is going full steam ahead with execution. It will wholly acquire Amentco, a communications hardware and software solutions provider and certified Austco Nurse Call reseller, for $10.6 million. The acquisition will fast-track
Read MoreLast year, online marketplace Articore (ASX: ATG) undertook a business restructure, changing its name from Redbubble. However, the new name has yet to drive a change of fate. In the third quarter of FY24, the Company reported a higher profit margin but struggled with losses and cash flow. Group CEO and Managing Director of Articore,
Read MoreThanks to major contract wins with an NFL and an NBA team and progressing with its existing product suite, software company IXUP (ASX: IXU) entered the third quarter with cash flow positivity. Moreover, IXUP – pronounced “eyes up” – launched and, subsequent to the end of Q3 FY24, completed a $4 million partially underwritten non-renounceable
Read MoreA 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
Read MoreThe continuous high of S&P/ASX 200 is spreading a contagious bullish attitude among local traders. New research from global financial technology company IG released finds that although traders in Australia continue to favour commodities and indices, they are actively exploring other financial markets under improving conditions. The ‘A Trader’s Position’ Report – informed by IG’s
Read MoreFollowing a notable US performance, integrating conversational AI and increased pharmacy transaction fees in Australia, medication management platform MedAdvisor Solutions (ASX: MDR) has reported a strong third quarter in FY24. The December to February period in the US is typically the flu season, placing importance on getting vaccinated. This proved beneficial for MedAdvisor. In the
Read MoreAbout a third of all food produced is lost or wasted yearly. Besides painting a grim picture of world hunger, this is also responsible for harmful emissions. Tackling food waste, global biotech company Zoono (ASX: ZNO) has teamed up with England-based hygiene tech company OSY to distribute a tech that boosts the shelf-life of produce.
Read MoreAccording to TechSci Research report, “Distributed Energy Resource Management System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028F”, the global distributed energy resource management system market is expected to register 15.48% CAGR during the forecast period, owing to rising government initiatives for residential buildings, power consumption, and the demand for effective energy management systems that maintain
Read MoreFlu season is around the corner, typically affecting us between May and September. Just in time for that, Australian global molecular diagnostics company Genetic Signatures (ASX: GSS) is gearing up to launch its modified respiratory kit in the country. The Company reported that the Therapeutic Goods Administration (TGA) has completed the review of its redesigned
Read MoreSaaS-based vendor marketplace Felix Group (ASX: FLX) reported a strong sales quarter, with five new contractors added and three contract expansions in Q3 FY24. As supply-chain reporting and compliance practices become mandatory, services like Felix’s – where all interactions are imprinted online – become crucial. The new contract wins and expansions added $407k of new
Read MoreYoung Australians’ reading habits leave plenty to be desired. A 2024 study found that one in three Australians is struggling to read, costing the economy billions of dollars and painting a bleak picture for online booksellers like the Booktopia Group (ASX: BKG). The Company has been reeling under the impact of declining interest in books,
Read MoreSome food for thought: if the Titanic was built with artificial intelligence (AI) expertise, would it have met the same fate? Would it have been dubbed the “unsinkable” ship at all? Simulations, digital twins of ships, better employee training and more are all made possible in the extended reality (XR) realm. This is what software
Read MoreAs artificial intelligence (AI) becomes central to most industries, AI marketing tech company Xpon Technologies (ASX: XPN) is ensuring it finds its place in the spotlight. To do so, the Company – which integrates data and AI to automate marketing processes – has onboarded new board members and clients. In Q3 FY24, Xpon’s MarTech revenue
Read MoreToys retailer Toys‘R’Us (ASX: TOY) has announced strategic initiatives to streamline operations and enhance market presence. The move comes as the Company seeks to address challenges within the UK market by exiting it and positioning itself for growth. One aspect of the Australia-licenced entity’s restructuring plan is a proposed 10:1 Share Capital Consolidation. This move
Read MoreThe Global Military Computers Market is driven by increasing defense digitisation efforts, demanding advanced computing capabilities for command, control, communications, and intelligence applications, coupled with the growing integration of artificial intelligence and automation in military operations. According to TechSci Research report, “Global Military Computers Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the
Read MoreAs PET bottle waste builds up around the world, more Governments are introducing recycling programs in an effort to incentivise citizens to recycle. Kenya has become the newest of these, engaging Authentication and consumer engagement technology group YPB Group (ASX: YPB) for tech that can be utilised for a recycling program. YPB has secured a
Read MoreCall recording software company Dubber (ASX: DUB) is returning to the ASX after an inconsistency in funds came to light and its CEO Steve McGovern was fired following an investigation into $26.6 million worth of funds being unaccounted for. On February 27, 2024, Dubber’s board reported potential misuse of Company funds intended for a term
Read MorePharmaceutical company Firebrick Pharma (ASX: FRE)’s Nasodine Nasal Spray has been launched in the United States and can now be purchased from the Company’s US website with online promotions will commencing this week across the US. In the US, Nasodine will be promoted for ‘nasal hygiene’ without any therapeutic claims. Based on legal advice obtained
Read MoreAussies spend billions on buy now, pay later, which allows them to spread across their payments without losing out on a big sum in one fell swoop. What’s more, it cushions the blow of rising interest rates. The US is witnessing a similar trend. This has brought financial services like Zip (ASX: ZIP) into the
Read MoreSingles in Singapore looking for deeper connections have been busy matchmaking on Ever, the latest dating app launched by Love Group (ASX: LVE). Specialists in matchmaking and the dating scene in SouthEast Asia, Love Group’s newest app aims to delve into the deeper dimensions of compatibility with plans to also launch the app in Hong
Read MoreMining services provider Macmahon Holdings Limited (ASX: MAH) is gearing up to acquire Western Australia-based construction company Decmil Group (ASX: DCG). The acquisition involves Macmahon purchasing 100% of Decmil’s issued share capital. This acquisition aligns with Macmahon’s strategic focus on achieving continued earnings growth while diversifying into the less capital-intensive civil infrastructure business. The transaction
Read MoreIndustrial supplies company Coventry Group (ASX: CYG) is all set to acquire 100% of the shares of Steel Masters Auckland, or Steelmasters Group, a supplier of industrial and specialty fasteners. The acquisition will include subsidiaries Galvmasters, Profast and Boltmasters. It will be funded with a combination of debt through a new NAB debt facility and
Read MoreInternational water and wastewater treatment company De.mem (ASX: DEM) has passed the US-based testing organisation National Sanitation Foundation’s (NSF) test procedures under NSF Standard 53, setting the foundation for a global push with its new certification. The NSF tested and approved De.mem’s Graphene Oxide enhanced (GO) membrane technology for water treatment and the certification process
Read MoreThe XJO is expected to open lower this morning following a sell down in the U.S on Friday. Their futures are in the green this morning which may explain why we aren’t opening further down. We should open near 7,750, which is the key support we have flirted with both recently and over the past
Read MoreThe only unanchored temporary barrier in the world to have successfully passed rigorous MASH TL-4 test will soon be deployed in North America with manufacturing company Saferoads (ASX: SRH) selecting TrafFix Devices as their exclusive distributor. The exclusive distribution agreement covering North America will allow TrafFix Devices, an American manufacturer of highway safety products, to
Read MoreAustralian spirits producer and distributor Top Shelf International (ASX: TSI) has executed a binding term sheet for a $5 million sale and leaseback transaction of the farmland and structural improvement assets at the Company’s agave farm in Eden Lassie, Queensland’s Whitsundays region. The agreement does not cover the farm’s distillery plant and equipment assets or
Read MoreThere are over two million small and medium-sized businesses peppered across Australia, making up over 97% of all businesses in the country. However, many struggle to survive primarily because of cash flow issues. That’s where B2B funder Butn (ASX: BTN) comes in, helping SMEs manage their finances. In Q3 FY24, ending March 2024, the Company
Read MoreMolecular diagnostics company Genetic Technologies (ASX: GTG) is piloting its risk assessment test geneType in breast screening centres across the US. The Company is establishing a clinical implementation study with breast imaging centres in New York, Miami and Houston. In the US, screening is currently between the ages of 40 and 74. So, the current
Read MoreWater tech company SciDev Limited (ASX: SDV) has been engaged by infrastructure services provider Ventia to undertake water treatment services in Victoria. The Company will supply a Build Own Operate (BOO) temporary water treatment plant in Victoria to treat PFAS-contaminated surface water. The contract’s initial revenue value is approximately $2 million, which is anticipated to
Read MoreGlobal drones-as-a-service provider RocketDNA (ASX: RKT) recently launched a new autonomous drone solution, xBot, expected to surpass its existing drone business in revenue. In December 2023, the Company raised approximately $1 million to accelerate the manufacturing of xBot units and increase marketing capabilities around deployment. It has successfully launched and deployed the first batch of
Read MoreThe 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
Read MoreSince commencing a strategic business transformation just 9 months ago, digital payments company Novatti Group (ASX: NOV) has reported progressive results of their pivot to a market and customer-centric approach which has yielded new business from major players in the BNPL, food delivery, accounting and accommodation sectors. The implementation of a market and customer-led strategy
Read MoreOver the past several months, medical cannabis company Melodiol Global Health’s (ASX: ME1) subsidiary Health House Australia has been gearing up for the launch of its medicinal cannabis clinic. After significant internal analysis and planning, Health House Australia expects the Health House Wellness Clinic to be operational in Q2 of CY24. The Health House Wellness
Read MoreMelbourne-based therapeutic antibody development company Patrys (ASX: PAB) unveiled positive findings from preclinical studies using PAT-DX1 and PAT-DX3 in animal anti-neutrophil cytoplasmic antibody (ANCA) vasculitis models. Dr Kim O’Sullivan from Monash University presented the findings during the plenary session at the 21st International Vasculitis Workshop in Barcelona. He said, “Both PAT-DX1 and PAT-DX3 are able
Read MoreAccording to TechSci Research report, “Small Arms and Light Weapons Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow with a CAGR of 6.59% in the forecast period, 2025-2029. The Global Small Arms and
Read MoreAustralia has seen a steady rise in gyms and fitness centers in line with the growing interest among gym goers. Millions of Gen-Z and millennial Aussies have been signing up for gym memberships to reinvent their lifestyle. This has proven to be fertile ground for fitness businesses to thrive. Recently, health and fitness clubs provider
Read MoreAustralian cyber safety company Qoria (ASX: QOR) has promptly rejected an unsolicited acquisition proposal from US-based private investment firm K1 Investment Management. The conditional and non-binding offer is to acquire 100% of Qoria’s issued share capital for $0.40 cash per Qoria share through a scheme of arrangement. The Indicative Proposal was subject to conditions including
Read MoreThe United States Patent and Trademark Office (USPTO) has recently granted a patent to Australia-based clinical-stage cell therapy company Chimeric Therapeutics (ASX: CHM) for its CHM 0201 (CORE-NK) technology, which targets blood cancers and solid tumours. The technology is used in the production of Chimeric’s clinical-stage universal NK cell asset CHM 0201, as well as
Read MoreGlobal markets rose through March 2024 in the backdrop of President Joe Biden and Fed Chair Jerome Powell agreeing that rate cuts would be seen in 2024. But it wouldn’t be a US election year without political tensions simmering across the seas with the US set to ban TikTok in the country. Separately, a top
Read MoreIn the backstretch of a business transformation that has consolidated their nationwide business and resumed shareholder dividends, one small cap Managing Director is so confident in the progress that he has personally backed the Company’s growth, purchasing $1.0 million in shares. The show of confidence comes from Dr Chris Richards, Managing Director and CEO of
Read MoreFood and wellness eCommerce company RooLife Group (ASX: RLG) has executed a binding term sheet agreement with Fujian Jushi Supply Chain Management, a China-based eCommerce and supply chain business. Fujian Jushi will market and sell RooLife’s portfolio of products and other requested products it orders from the Company. Per the agreement, Fujian Jushi Supply Chain
Read MoreThe agricultural sector is facing significant challenges—from rising costs of traditional fertilisers and declining soil health to the impacts of climate change. In response, CleanTech company Environmental Clean Technologies (ASX: ECT) and ESG Agriculture are coming together to meet market demand by providing affordable fertilisers that support soil and crop health while enhancing carbon levels
Read MoreIncreasing Smartphone Adoption and Battery Life Concerns are the factors propelling the market growth. According to TechSci Research report, “Global Mobile Power Bank Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Mobile Power Bank is anticipated to project robust growth in the forecast period with a CAGR of 7.05% through
Read MoreBattling massive debt, craft beverage accelerator Mighty Craft (ASX: MCL) has been on a mission to divest its businesses to stay afloat. In keeping with that, the Company has signed a deal to sell the assets linked to Mismatch Brewing Company and The Hills Distillery (78 Degrees) to a third-party buyer, led by a consortium
Read MoreThe US’s sports betting landscape is under the scanner right now as one of its biggest athletes, Shohei Ohtani, tries to unravel himself from a sports betting scandal just months after signing a USD $700 million contract. The ongoing investigation is centred on a $6.9 million transaction from his bank account to an illicit betting
Read MoreIn Australia, enrolments in Higher Education have seen a 10% surge compared to 2019, driven by a surge in international students. In fact, about one in 40 Aussies is on a student or graduate visa. The demand is set to continue, putting the spotlight on online education marketplaces. AI-powered SaaS learning platform OpenLearning (ASX: OLL)
Read MoreNeuroscience tech company Cogstate (ASX: CGS) has re-acquired the global rights to its technology previously exclusively licensed to Japanese pharma company and its global commercial partner, Eisai. The agreement excludes Japan and will come into effect on April 1, 2024. This marks an amendment to the duo’s 2020 agreement, which includes exclusivity across a few
Read MoreHospital care in the United States is set for greater digitisation with hospital services provided Inova Health expanding their Master Services Agreement with medtech company OneView Healthcare (ASX: ONE). Through the increasing transition towards digitisation of hospital services, gone are the nights of having nurses walk in and out of the room frequently throughout the
Read MoreParched for better financials going ahead, environmental intelligence technology company Envirosuite Limited (ASX: EVS) has announced that its EVS Water products will join the EVS Industrial portfolio. This decision follows EVS Water’s maturity milestone and the go-to-market and product synergies seen with the EVS Industrial portfolio, demonstrated through recent cross-sell wins and success in B2B
Read MoreMedical software company Resonance Health (ASX: RHT) is set to target expansion into Japan through a collaboration agreement with medical imaging company Micron Inc in an effort to accelerate its sales growth in the country. Headquartered in Tokyo, Micron specialises in providing medical imaging support services to contract research organisations (CROs) and biopharmaceutical companies globally.
Read MoreAccording to TechSci Research report, “Agroscience Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Agroscience Market stood at USD $35.94 billion in 2022 and is anticipated to grow with a CAGR of 7.12% in the forecast period, 2024-2028. This can be attributed to crop protection innovations. The need for effective
Read MoreAustralian pharmaceutical company Amplia Therapeutics (ASX: ATX) is conducting a clinical trial—the ACCENT trial—for pancreatic cancer. The trial will test a new drug called narmafotinib in combination with standard chemotherapy. Narmafotinib targets a protein called FAK (Focal Adhesion Kinase), which is becoming a hot area of research in cancer treatment. Amplia’s drug aims to make
Read MoreOver 10% of Singaporean adults suffer from knee osteoarthritis, a progressive joint ailment, with a notable rise in cases among individuals aged 40 to 60. As per the Singapore General Hospital (SGH), knee preservation surgeries have doubled from 50 cases in 2020 to about 100 cases in 2021. Similarly, Vietnam experiences a surge in demand
Read MoreAs 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
Read MoreMelbourne-based cold spray solutions provider Titomic (ASX: TTT) has gotten its largest D523 order yet from the land branch of the Royal Netherlands Army, Koninklijke Landmacht. The Royal Netherlands Army intends to dispatch nine of these systems to Ukraine to aid in the country’s war efforts. The order, valued at approximately $1.28 million, comprises 10
Read MoreSpatial data services provider Veris (ASX: VRS) has successfully led a consortium to be appointed as a Digital Twin Victoria (DTV) Innovation Partner for the next three years. The 10-member consortium bested some top-tier global consulting firms to gain the top spot in a highly competitive field. Digital Twin Victoria (DTV) is a Victorian government-funded
Read MoreWith tyres the flavour of the weekend after Max Verstappen’s exploded (Pirelli) in the opening stages of the Australian Grand Prix over the weekend, it’s fitting that tyre distributor RPM Automotive Group (ASX: RPM) has been appointed the national sub-wholesaler of Yokohama tyres in Australia. The deal is set to redefine Australia’s automotive aftermarket landscape,
Read MoreAustralian semiconductor company Archer Materials (ASX: AXE) has joined forces with Switzerland’s research institute École Polytechnique Fédérale de Lausanne (EPFL) to build a microchip aimed at revolutionising the study of quantum materials. The chip’s features open potential opportunities for Archer to develop quantum sensors, miniaturised spectrometers, and analytical devices for precision sensing. This new chip,
Read MoreGlobal HR tech platform Xref (ASX: XF1) is on its way to launching an Avengers-esque background-checking platform complete with multiple services. The Company has already introduced its graduate Qualification Verification checks and Certn checks for working professionals, which were introduced after the rollout of Trust Marketplace on Xref’s Enterprise Platform. Trust Marketplace, now integrated into
Read MoreAussie rural telecom provider Field Solutions Holdings (ASX: FSG) has secured a new contract with Networking Tasmania. This five-year agreement, valued at $1.3 million, marks FSG’s first win under a new Standing Offer Arrangement (SOA) with the Tasmanian government agency. The contract signifies a major step for FSG in Tasmania. It will be supplying critical
Read MoreOnline wagering company BlueBet Holdings (ASX: BBT) has inked its first-ever US business-to-business (B2B) sportsbook agreement with road course auto racing facility Green Savoree Mid-Ohio. Pending regulatory approvals, this deal paves the way for the launch of an online sportsbook in Ohio. The initial five-year agreement will include BlueBet receiving annual fees based on a
Read MoreE-commerce toy retailer Toys‘R’Us (ASX: TOY) is expanding its portfolio by acquiring the key assets of RIOT, a 50-year-old arts and crafts retail brand. TOY will acquire intellectual property assets (domain names, business names, trademarks) and stock on hand. The Company plans to combine the RIOT assets with its existing operations to achieve efficiencies through
Read MoreAfter a troubling half complete with delays, losses and adjusted forecasts, Adacel Technologies (ASX: ADA), a company providing advanced air traffic management and air traffic control simulation solutions, has secured a new contract from its existing customer, the US-based Federal Aviation Administration (FAA). This infuses confidence in the Company, which is attempting a return to
Read MoreIn 2023, global birth rates dipped by 1.15% per 1000 people, with significant declines noted in the EU (5.9%) and China (2.3%), extending a five-year trend. Consequently, all stages of infant formula production, from birth to growing milk, have declined. As a result, Clover Corporation (ASX: CLV), an Aussie tech company specialising in infant formula
Read MoreAussie biosensor company Universal Biosensors (ASX: UBI) has received the US FDA 510(k) and CLIA Waiver approval for its Xprecia Prime Coagulation Analyzer as a Class II device. Xprecia Prime is a portable coagulation monitoring device that provides fast and accurate PT/INR testing (measuring how long it takes for blood to clot) specifically for patients
Read MorePerth-based telco company Pentanet Limited (ASX: 5GG) has collaborated with NVIDIA to upgrade its cloud infrastructure. Integrating NVIDIA L40 GPUs into Pentanet’s Gen 3 cloud infrastructure has enabled the company to join NVIDIA’s Graphics Delivery Network (GDN), extending its reach to over 130 countries. The move to join NVIDIA GDN signifies Pentanet’s intention to broaden
Read MoreIn their attempt to provide men with alternative treatments for Erectile Dysfunction (ED), LTR Pharma (ASX: LTP) has commenced dosing its first cohort of human patients with their SPONTAN nasal spray. Erectile Dysfunction affects millions of men globally, hampering individuals’ ability to achieve or maintain an erection suitable for sexual intercourse, leading to relationship strains
Read MoreThe increasing global smart building market is driven by energy efficiency and sustainability goals, internet of things (IoT) proliferation during the forecast period 2024-2028 amid rising cost for energy and resources. According to TechSci Research report, “Global Smart Building Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, The Global Smart Building Market is in the
Read MoreIn July last year, Australia became the first country to legalise ecstasy (MDMA) and magic mushrooms (psilocybin) for mental health disorders, including PTSD and depression. A bold move, it spurred medical businesses into action, seeking the proper approvals and getting the early advantage. At the same time, not all medical professionals were so thrilled, citing
Read MoreWhile facial recognition continues to fall in and out of favour with the everyday Aussie, measuring privacy concerns against functionalities, AI product developers like dorsaVi (ASX: DVL) have carried on, creating niche AI products that could be worth their salt. The Company, which develops FDA-approved wearable sensors and specialises in human movement analytics, has integrated
Read MoreAffordable accommodation developer Eureka Group (ASX: EGH) is not pleased with peer Aspen Group’s (ASX: APZ) bid to acquire the Company, dismissing the proposal as undervalued after Aspen’s offer aimed to merge the two entities into its $500 million property conglomerate. This follows a review by the Eureka Board of Aspen’s Bidder’s Statement, filed on
Read MoreAfter having its contract with Google terminated, artificial intelligence company Appen (ASX: APX) has been kicked while down after getting trapped between rock and hard place, with leading data company Innodata to withdraw its takeover bid, citing a confidentiality breach. On March 12, 2024, Appen received a letter from the ASX inquiring about its price
Read MoreBattling erratic supply, lost sales and high costs from manufacturers, health and wellness food company Forbidden Foods (ASX: FFF), known for its protein bars, has had to change tact to reduce losses. The Melbourne-based company has signed a non-exclusive agreement with Edenvale Foods to manufacture its Blue Dinosaur snack bars and support the development of
Read MoreThe Global Offshore Autonomous Underwater Vehicle Market is being driven by the growing need for underwater exploration and surveillance in the offshore oil and gas sector, supported by technological advancements that enhance operational efficiency and safety. According to TechSci Research report, “Global Offshore Autonomous Underwater Vehicle Market – Industry Size, Share, Trends, Competition Forecast & Opportunities,
Read MoreIn the world of science, getting accurate and consistent results is key. Thanks to artificial intelligence and automation advancements, achieving this is now easier than ever. Take, for example, the APAS® PharmaQC product from Australian MedTech company LBT Innovations (ASX: LBT). Using AI technology, microbiologists can analyse multiple culture plates. By removing the variability often
Read MoreAussie cleantech company Parkway (ASX: PWN), which builds water treatment solutions, has acquired Tankweld Group, comprising the Tankweld Engineering Service and Tankweld Installations divisions. The $2.6 million acquisition of Tankweld Group has major benefits for Parkway. First, the Company now has greater project execution capabilities, which helps in technology commercialisation. Second, the acquisition improves Parkway’s
Read MoreAs 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
Read MoreSince last month, intellectual property services provider QANTM (ASX: QIP) has come into the spotlight following strong H1 FY24 results. So much so that it caught the eye of three companies wanting to acquire it. QANTM capitalises on the growth of the broader intellectual property rights industry. Australian businesses with IP rights account for around
Read MoreIn a bid to enhance travel options for passengers, Rex Airlines (ASX: REX) has confirmed a major partnership with Etihad Airways, one of the world’s leading airlines based in the United Arab Emirates. This collaboration between Rex and Etihad is set to give passengers in both Australia and abroad more flexibility with their travel in
Read MoreTechnological advancements, geopolitical tensions, and military modernisation programs are the factors driving market in the forecast period 2025-2029. According to TechSci Research report, “Defense Support and Auxiliary Equipment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, The Global Defense Support and Auxiliary Equipment Market stood at USD 153.85 Billion in 2023 and
Read MoreBiotech 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
Read MoreSemiconductor company Archer Materials (ASX: AXE) has achieved a major milestone in its Biochip technology development by significantly reducing the size of its gFET (graphene field-effect transistor) chip. This achievement resulted from redesigning the circuit layouts, leading to a substantial decrease in chip size that has the potential to increase its utility in medical diagnostics.
Read MoreCanadian biotech company Tryp Therapeutics (CSE: TRYP) is set to list on the ASX through a backdoor merger with genetic medicines developer Exopharm (ASX: EX1) in a $14.3 million acquisition agreement. Following this agreement, Exopharm will change its name to Tryp and re-list on the ASX. On completion of the Transaction (Completion), Exopharm will be
Read MoreThe conversations surrounding artificial intelligence (AI) and its scope to transform the pharma industry have been underway for a while now. In fact, reports suggest that the global health-related AI market is set to be worth $284bn by 2030. Pharmaceutical development company Algorae (ASX: 1AI) is one of the companies at the forefront of this
Read MoreMost consumers love ‘try before you buy’ opportunities, especially when the goods or services involved are big ticket items laden with new technology not yet fully understood by the general population. Such test runs are effectively a way for potential purchasers to undertake some due diligence on a product before deciding to take the plunge
Read MoreFor many, a bad night’s sleep can be chalked up to a late night out, stress and such. However, multiple nights of restless sleep could mean something more. Insomnia is among the two most common sleep disorders in Australia, with the second being obstructive sleep apnea. About 60% of Aussies display symptoms of insomnia. With
Read MoreOn the heels of a mixed recreational vehicles (RVs) market, global tourism operator Tourism Holdings Limited (ASX: THL) has finalised the sale of its 14.14% stake in Camplify Holdings Limited (ASX: CHL), a peer-to-peer RV rental operator. The sale, based on a per-share price of $1.90, fetched approximately $19.2 million in gross proceeds for thl.
Read MoreWith 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
Read MoreMedical device company Atomo Diagnostics (ASX: AT1) has locked in purchase orders from Viatris Healthcare Pty Ltd amounting to approximately $970,000 for HIV Self-Tests. These tests, manufactured by Atomo under the Mylan brand, are designated for supply to several Low- and Middle-Income Countries (LMICs). The orders are scheduled for production during the second half of
Read MoreDespite global efforts, food waste remains a challenging problem to solve. Each year, 1.3 billion tons of food is wasted due to poor handling, costing the global economy $1.5 trillion. This waste contributes 6-8% of annual greenhouse gas emissions and, what’s more, if saved, it could have fed about 1.26 billion people. No doubt, food
Read MoreAussie clinical stage biotech company Cynata Therapeutics (ASX: CYP) has marked a milestone in its Phase 2 clinical trial of CYP-001 for high-risk acute graft versus host disease (aGvHD) with the enrolment and treatment of its first patient. High-risk acute graft versus host disease (aGvHD) is a serious complication that can occur after a stem
Read MoreWhile 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
Read MoreWith a name that evoked interest amid the Buy-Now-Pay-Later boom led by Afterpay, it came as no surprise that Beforepay (ASX: B4P) drew initial interest in its lending products before shares tanked as the BNPL bubble burst. But unlike its more high profile peer, Beforepay has turned things around financially and with better tech, is
Read MoreOnline travel aggregator Jayride (ASX: JAY) had little choice but to undertake a comprehensive strategic review following dwindling profit margins. In November 2023, during a Shareholder Address, Chairman Rod Cuthbert acknowledged the pit, or “challenging position”, the Company was in. Founded in 2012, Jayride aggregates ride service companies and distributes them to travellers at Jayride.com,
Read MoreInstead of toiling away in the sun, rain and hail, construction workers will soon be able to catch a break as the bricklaying robot Hadrian X paves its way to commercialisation. Robotics tech company FBR (ASX: FBR) has announced its collaboration with manufacturing company Liebherr USA Co. in Miami, Florida. Liebherr’s facilities will serve as
Read MoreDubber Corporation (ASX: DUB) has found itself embroiled in a financial quagmire during its audit process which has prompted the tech company to notify the market that efforts have commenced immediately to locate $26.6 million which was believed to be held in term deposits. It also led to the immediate suspension of Managing Director Steve
Read MoreAustralian law firm AF Legal (ASX: AFL), which specialises in family and relationship law, is all set to acquire the contested wills and estates practice of Go To Court Lawyers Pty Ltd (GTC), trading as Armstrong Legal, for a sum of $3.7 million. This move comes amidst a backdrop of increasing intergenerational wealth transfers and
Read MoreIn 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.
Read MoreIn Australia, the landscape of diagnostic imaging is evolving rapidly, especially in response to the needs of an ageing population. With Medicare expanding its coverage of diagnostic imaging items, there’s a newfound impetus for individuals to prioritise early detection and preventative healthcare measures, ushering in a promising era of proactive health management. In keeping with
Read MoreMost Australians onboard a tax agent to lodge their tax returns—it’s simpler and enables them to maximise their returns. But that’s not the only reason they avoid taking the digital route. There’s also the perception that filing tax returns online is complicated. To address that, FinTech platform One Click Group (ASX: 1CG) has used every
Read MoreThey may be Australia’s largest online bookstore but based on Booktopia’s (ASX: BKG) results, books were not popular at all over Christmas as orders waned and revenue fell significantly compared to the previous retail season. For the Half Year ended 31 December 2023, Booktopia reported $86.3 million, marking a substantial 22% decrease compared to the
Read MoreAmidst the challenging economic landscape of Australia’s cost-of-living crisis, eCommerce company Harris Technology (ASX: HT8) has emerged as one of the consumer friendly retailers offering low-cost alternative tech products that have proven immensely popular amongst cash-strapped households. As economic pressure tightened the purse strings of these households, customers have shunned discretionary retail in droves, a
Read MoreSince 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%
Read MoreSydney-based MedTech company Next Science (ASX: NXS) has reported a bumper result with its annual sales, reaching $33.7 million, a 90% increase compared to the previous year. This surge is primarily attributed to the expansion in the Wound Care and Surgical segments, driven by a strategic focus on direct sales and the successful implementation of
Read MoreAmid Australia’s housing crisis, people’s ambitious plans to set up and expand their businesses have anything but halted. Thanks to the anticipated demand from the post-pandemic population growth, construction and building companies like Fleetwood (ASX: FWD) are winning big. In H1 FY24, Fleetwood recorded a net profit after tax (NPAT) of $3.9 million following an
Read MorePlus-size clothing retailer City Chic (ASX: CCX) has posted a 29% revenue decline for H1 FY24, citing inflationary pressures. Dwindling consumer confidence caused the Company’s sales revenue to drop to $105.8 million compared to H1 FY23’s $149.9 million. Online sales also remained challenging, but there were signs of improvement in stores during Q2. Going by
Read MoreAfter increasing fees following an uptick in childcare subsidies for parents and reducing wages, early childhood care provider G8 Education (ASX: GEM) ended CY23 on a high. The Company reported a 9.1% increase in revenue, reaching $983.4 million, alongside a 53.1% rise in Statutory NPAT to $56.1 million compared to CY22. This growth was primarily
Read MoreWith the convenience of eCommerce and having goods delivered to your door, it’s no surprise that doorstop theft has become one of the biggest issues facing the industry. It’s why smart lockers from TZ Limited (ASX: TZL) are proving immensely popular and swinging the Company into profitability following a global restructure of their operations and
Read MoreFrom being a building society—offering financial services like loans and mortgages—to being an Aussie-owned bank, Auswide Bank (ASX: ABA) hasn’t had an easy rise up to take on the Big Four with intense competition on the home loans and deposit fronts. Auswide Bank reported a 45.7% decrease in its Statutory NPAT to $7.6 million amidst
Read MoreWho doesn’t love a discount? The amount of nods to this question has increased over the past year thanks to rising prices and inflation. It’s no wonder then that luxury retailers like Adairs are not gaining consumers’ favour. In the first half of FY24, household retailer Adairs (ASX: ADH), like many others, dealt with reduced
Read MoreWith a new name, attractions and spirit, theme parks and entertainment company Coast Entertainment Holdings (ASX: CEH) has kicked off life to shed baggage of yesteryear dramas but not even a surge in ticket sales was able to offset losses incurred from storm damage to its attractions. A class action lawsuit (costing the Company about
Read MoreA strong uptick in patient registrations from the LGBT+ community for reproductive services has seen a healthy upswing in revenue for Monash IVF (ASX: MVF) which has seen no impact to its business despite a major pullback in discretionary spending across the country. The Company’s Half Year results for the period ended 31 December 2023
Read MorePerth-based equipment parts and servicing business Gateway Group has been partially acquired by surface engineering company LaserBond (ASX: LBL) in a move that strengthens the Company’s presence in Western Australia and opens doors to new market segments. The acquisition, valued at 4.5 times Gateway’s EBITDA, involves a mix of cash and scrip. LaserBond will initially
Read MoreAt a time when about half of younger Aussies are spending over 50% of their income on rent, the affordability crisis is magnified. It’s no wonder then that discount store chains like The Reject Shop (ASX: TRS) are gaining consumers’ favour. The Reject Shop is a merchandise-led business that collects cancelled orders, overproduced products and
Read MoreDue to inflation and rising costs, consumers tightened their belts, leaving their liquor glasses half-full and wallets fuller. It so appears, the domestic glasses will remain half empty for a while, with luxury whisky and liquor company Lark Distilling (ASX: LRK) still reeling under the economic hangover. In H1 FY24, Lark’s net sales revenue was
Read MoreAustralia 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
Read MoreComing off the summer break, Australia and New Zealand-based travel distribution company Helloworld Travel (ASX: HLO) reported strong financial results for the first half of FY24, driven by growing demand for leisure travel. The Company’s earnings surged to $34 million, marking a 117.7% increase from the previous corresponding period’s $15.6 million, while Total Transaction Values
Read MoreHow much would you be willing to spend to test your luck? While the cost of a Powerball lottery ticket might not be much—ranging between $6 and $31 (or more, depending on the game type), Aussies collectively spend billions on lottery tickets. However, for consumers, affording the luck of the draw has been paling in
Read MoreAustralia’s labour shortage struggles are far from over, continuing to impact companies like diagnostic imaging services provider Integral Diagnostics (ASX: IDX). This impact was reflected in its mixed results for the first half of FY24. Integral Diagnostics is an Australia and New Zealand-based medical diagnostics company offering radiology services—from X-rays and CT scans to ultrasounds,
Read MoreAt the start of a year, many of us pledge to make massive improvements to our lives—spending less on unnecessary things, cooking more, working harder and such. Typically, around halfway, we call it quits and get on with our lives as they were. Then comes the guilt, the resentment, and the new year with new
Read MoreOnce the little angels that lit up young family households, it seems that even our littl’ist bubbas are flying with a pair of low-cost wings as Australia’s cost-of-living pressures have flowed down to our smallest residents, evidenced by a lacklustre half year reported by Baby Bunting (ASX: BBN). For the Half Year ended 31 December
Read MoreCloud-enabled smart education platform operator Victor Group Holdings (ASX: VIG) has entered into a strategic investment agreement to acquire a 25% ownership stake in LIT Technology Pty Ltd for $2 million. This marks its transition from being an exclusively e-learning platform to dipping its toes in buy now, pay later and FinTech at large. This
Read MoreAfter seeing a major uptick in its share price over the past year, parking tech company Smart Parking (ASX: SPZ) attributed its growth to the strategic expansion of its managed sites, pointing to a promising trajectory for the Company. For the Half Year ended 31 December 2023, Smart Parking revealed a 20% increase in revenue
Read MoreOwing to frequent supply chain bottlenecks and a surge in online retail, the importance of self-storage units spread across a region has come to the forefront. This is true for both companies as well as consumers who have accumulated goods or are planning a big house move. At such a time, self-storage operation platforms like
Read MorePet sitting and online pet services company Mad Paws (ASX: MPA) has received a strategic investment of up to $9.25 million from the media house Seven West Media (ASX: SWM). This investment comprises $5.25 million in the initial tranche, including $1.25 million in cash and advertising equivalent to $4 million. This investment will help boost
Read MoreBlood cancer patients undergoing chemotherapy could soon have a reduced dependence on blood transfusions thanks to a new clinical study announced, run in partnership between biotech company Syntara (ASX: SNT), the University of Newcastle and the Australasian Leukaemia and Lymphoma Group (ALLG). The Phase 2 clinical study has been backed by a $0.83m grant to
Read MoreIf you’ve ever had dry itchy eyes, you’re not alone. In just the United States, there are more than 17 million people suffering from dry eye disease (DED) which Cambium Bio is seeking to address through Phase 3 clinical trials that will be assisted by access to new capital as an ASX-listed company upon completion
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