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Semtech and EMASS Bring Intelligence to the Edge as AI Meets Long-Range IoT
Australia’s industrial and IoT sectors are racing toward smarter, more autonomous sensing and one of the clearest opportunities is at the extreme edge, where devices must operate on tiny batteries and stay connected across vast distances. That gap between intelligence and efficiency is exactly where Nanoveu’s (ASX:NVU) subsidiary EMASS and US-listed Semtech believe they can
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Control Bionics Moves to Fully Acquire NeuroBounce Program as EMG-Based Performance Tech Gains Momentum
As interest in neuromuscular activation tools accelerates across elite sport, Control Bionics Limited (ASX:CBL) is positioning itself to capture a growing performance market by moving to acquire full ownership of Neuro Elite Athletics, the U.S. group behind the NeuroBounce program. The company has been building an adjacent footprint in athletic performance through electromyography (EMG)-driven technology,
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SKS Technologies Moves to Expand NSW Footprint With Delta Elcom Acquisition
Australia’s data-centre construction sector continues to surge on the back of cloud adoption, AI-driven computing needs and hyperscale investment. NSW remains the country’s dominant hub, making it a key battleground for contractors seeking scale, capability and recurring mission-critical work. Against this backdrop, SKS Technologies Group (ASX:SKS) has moved to deepen its position in the state,
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Monash University Partners with HITIQ to Advance Concussion Science Using Smart Mouthguards
A major Australian research initiative is set to push forward global understanding of brain injury, with Monash University selecting HITIQ’s PROTEQT™ instrumented mouthguard technology for a prestigious Australian Research Council (ARC) Discovery Project. The $799,866 grant will fund a study that aims to define the thresholds at which repeated head impacts cause brain injury –
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Harris Technology targets return to profitability amid surging Refurbished Tech sales and Apple expansion
Following a successful FY25 which saw a boost in gross profit after launching its refurbished technology division, Harris Technology (ASX: HT8) has started FY26 with strong momentum, propelled by the addition of Apple products to its refurbished portfolio. For the quarter ending 30 September 2025, the online retailer reported $3.8 million in sales – a
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Pivotal Metals Secures $5.4M to Fast-Track Quebec Drill Program
Pivotal Metals (ASX:PVT) has locked in $5.4 million in fresh funding to accelerate exploration across its 100%-owned Quebec copper portfolio, in what Managing Director Ivan Fairhall calls a “transformational milestone” for the company. “This is a transformational milestone for Pivotal, and a significant validation for our Quebec project portfolio,” Fairhall said. “Our Belleterre project hosts
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Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise
Biotech company Biotron Limited (ASX:BIT) has announced a bold step into the anaesthetics sector, acquiring Sedarex Limited, a private company developing a next-generation general anaesthetic, alongside a $2.5 million capital raising to support the deal and future development. The move positions Biotron in a multi-billion-dollar global anaesthetics market – one increasingly focused on safer, more
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DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
DroneShield (ASX:DRO) is expanding its Australian footprint with a $13 million investment to establish a new research and development facility in Adelaide, South Australia, strengthening the state’s growing reputation as a hub for advanced defence and aerospace technology. Expanding into Australia’s Defence Capital The three-year investment will fund operational and capital expenditure to build a
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Stakk Secures T-Mobile Contract to Power Super App Expansion
Australian fintech Stakk (ASX:SKK) has signed a three-year agreement with U.S. telecommunications giant T-Mobile USA, Inc., positioning itself inside one of the world’s largest telco ecosystems. The deal places Stakk’s embedded finance technology directly into T-Mobile’s new T-Life Super App, supporting the T-Mobile Money service and giving the company exposure to a potential base of
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Medibank Backs Emyria with Landmark Depression Care Deal
Australia’s mental health burden is growing – and one of the toughest challenges is treatment-resistant depression (TRD). Around 4.6% of Australians experience depression in any given year, and about a third of these cases fail to respond to standard therapies. For this group, new models of care are urgently needed. Against this backdrop, Medibank Private
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NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
NoviqTech Limited (ASX:NVQ) has taken a decisive step into the quantum computing market, unveiling the beta launch of its first two commercial products under subsidiary Quantum Intelligence Pty Ltd (QI). The release of QI Provenance and QI AI positions the company at the front of efforts to integrate quantum-classical computing into enterprise systems. NoviqTech leverages
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BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
Brazilian Rare Earths Limited (ASX:BRE) has cleared its last regulatory hurdle to begin pilot operations at its rare earth beneficiation and hydrometallurgy plant within the Camaçari Petrochemical Complex located in Bahia, Brazil, with operations expected to commence in mid-2026. The company says this marks a decisive step in moving from discovery to development in a
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Harris Technology eyes profitability as refurbished tech sales surge
In an era of rising living costs and shifting consumer priorities, one Australian company is rewriting the rules of technology retail. Harris Technology (ASX: HT8) has reinvented itself from a traditional IT supplier into a refurbished tech leader, climbing to the top of Amazon Australia’s refurbished IT rankings in under two years. With Australians increasingly
Read MorePublicQIC Fund Backs Ark Mines with $4.5m to Accelerate Sandy Mitchell Development
Queensland’s push to strengthen its critical minerals supply chain has taken another step forward, with Ark Mines (ASX:AHK) securing a $4.5 million investment from the state-owned QIC Critical Minerals and Battery Technology Fund (QCMBTF). The funding package is designed to accelerate work at the company’s Sandy Mitchell Rare Earth and Heavy Mineral Project, located 230km
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Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
Oil and gas operations continue to offer steady demand for specialist technology services, with Swift Networks (ASX:SW1) securing another foothold through a $2.4 million renewal agreement. The company announced it will continue providing 24/7 technical support and entertainment services across three Chevron facilities, in a deal signed with Compass Group. The 12-month contract covers Chevron’s
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FBR’s tech could help reduce housing construction-related cost pressures
If there was one extra house built for every so-called expert out there offering up solutions to Australia’s seemingly intractable housing crisis, the problem would be solved. Oftentimes, these solutions entail supply side initiatives that will supposedly see the number of dwellings available for sale expand to growing demand. But simply saying that a ‘build,
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Atomo Locks in US$410K Pascal Order as FebriDx Demand Accelerates in the US
Atomo Diagnostics (ASX:AT1) has secured a significant new order for its patented Pascal cassette, with strategic partner Lumos Diagnostics (ASX:LDX) placing a US$410,000 (A$630,000) order to support increasing demand for the FebriDx® test in the United States. This is the first Pascal order since Lumos entered a six-year exclusive US distribution agreement with PHASE Scientific,
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June 2025 quarter CPI no roadblock to August RBA rate cut
The June 2025 quarter CPI data released today were cheered by mortgage holders and share market investors alike. They also put smiles on the faces of Federal politicians on the government side of the house! This because all these groups quickly surmised that these heavily scrutinised price statistics give the Reserve Bank of Australia (RBA)
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Vection Secures $7.3M Defence Extension as AI Demand Strengthens
AI Gains Ground in Defence Sector As governments increase investment in defence technology, AI-powered tools are carving out a central role in modern military infrastructure. Vection Technologies (ASX:VR1) has secured a $7.3 million extension to an existing defence contract, confirming its foothold in a multi-year digital transformation program for a European client. “This follow-up award
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Calix Secures $44.9m ARENA Grant to Build Green Iron Plant with ZESTY Technology
Calix Limited (ASX:CXL) has taken a significant leap forward in developing Australia’s low-emissions steel value chain, executing a $44.9 million funding agreement with the Australian Renewable Energy Agency (ARENA) to build a ZESTY Green Iron Demonstration Plant. The award marks a turning point for Australia’s role in global decarbonisation efforts, particularly in heavy industry, with
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Harris Technology boosts retail margins in FY25 through growth of refurbished tech
Online tech retailer Harris Technology (ASX: HT8) has delivered a strong lift in gross product margins across FY25, thanks to a strategic pivot towards refurbished technology products that has produced big growth opportunities for the Company in an otherwise subdued retail market. Despite a drop in total sales revenue for the year ended 30 June
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Lumos Diagnostics Secures US$317M Deal to Distribute FebriDx® in U.S.
In a significant move set to reshape rapid diagnostics in the U.S., ASX-listed Lumos Diagnostics (ASX:LDX) has signed an exclusive six-year distribution agreement with PHASE Scientific, valued at up to US$317 million (A$487 million), for the supply of its flagship test, FebriDx®. Targeting a High-Growth Market The deal places Lumos’ FebriDx® at the forefront of
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dorsaVi Powers Ahead with High-Speed RRAM for Smarter Wearables and Edge AI
The race to enable faster, smarter, and lower-power edge AI systems is intensifying – and dorsaVi (ASX:DVL) is stepping up with validation data that positions its next-gen RRAM (Resistive Random-Access Memory) technology as a serious contender in the embedded systems space. With the global surge in demand for AI-capable wearable devices, robotics, and autonomous edge
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Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
Semiconductor Market Opens Door to Global Expansion Australian tech innovator Nanoveu (ASX:NVU) has locked in a strategic $2 million placement to accelerate the commercial rollout of its ECS-DoT chip and EMASS modular AIoT platform – two technologies that sit at the heart of next-gen edge computing and smart device development. The funding comes at a
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Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
ASX-listed semiconductor company Archer Materials (ASX:AXE) has hit a key technical milestone, demonstrating that its tunnel magnetoresistance (TMR) sensor technology can function in extreme cryogenic conditions. The result opens the door to potential application across multiple quantum computing platforms and sets the foundation for broader commercial opportunities in advanced sensing markets. TMR Sensors Show Promise
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EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
PFAS Regulation Drives Urgent Market Need As global pressure mounts to tackle man-made chemicals, The Environmental Group Limited (ASX:EGL) has secured a new $1.9 million contract for the design and construction of a PFAS (per- and polyfluoroalkyl substances) treatment plant – its first commercial deployment of proprietary PFAS separation technology. PFAS are synthetic compounds used
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RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
In a move that underlines the growing role of automation in the resources sector, RocketDNA Ltd (ASX:RKT) has inked a new 18-month contract with Vault Minerals (ASX:VAU) for advanced aerial data services at the King of the Hills (KOTH) gold operation in Western Australia. The agreement, worth an estimated $705,000, significantly expands on RocketDNA’s previous
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BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
Australia’s broadcast technology sector is experiencing rapid global expansion, driven by demand for IP video production tools and live streaming capabilities across enterprise, education, and media. Within this niche, BirdDog Technology (ASX:BDT) has made a name for itself with high-performance, Network Device Interface (NDI)-enabled video solutions. Now, the company is preparing for a major structural
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AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
Advanced Manufacturing Hits U.S. Soil AML3D Limited (ASX:AL3), a leader in Wire-arc Additive Manufacturing (WAM®), has officially opened its new Technology Facility in Stow, Ohio, a major milestone in expanding America’s advanced manufacturing capabilities and deepening the AUKUS defence collaboration. The plant also creates new jobs in the Ohio economy. Supporting Submarines and Security The
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Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
Vection Technologies (ASX:VR1) has announced a $520,000 partnership with Rider Srl, part of the Italian Procmatech Group, to co-develop a modular robotics platform aimed at revolutionising open-field agriculture. The agreement marks Vection’s entry into the fast-expanding agricultural robotics sector – projected to grow to US$48 billion by 2030 – and reflects increasing demand for AI-driven
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Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
Digital human and conversation design solutions company Unith Limited (ASX:UNT) has announced strong year-on-year growth in its platform usage metrics and Strategic Partner collaborations, highlighting significant traction for its proprietary technology platform and product offerings. The uplift has been achieved without heavy marketing expenditure, indicating that the company’s solutions are organically resonating with target markets
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FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
Robotic technology company FBR Limited (ASX: FBR, OTCQB: FBRKF) has officially entered into an Engineering Service Agreement with Samsung Heavy Industries (SHI), marking the commencement of the first phase of a shipbuilding automation project aimed at revolutionising the global ship construction process. This agreement represents a significant milestone in FBR’s expansion into new applications for
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Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
Industry Growth Opens Doors for Pharma Innovators With the global psychedelic drugs market projected to reach A$14 billion by 2032, and the medical cannabis sector already generating more than A$3 billion annually across Australia, Germany, the UK and the EU, Bioxyne Limited (ASX:BXN) is growing revenues as it meets increased demand. The company announced an
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dorsaVi Secures Breakthrough Memory Tech to Supercharge Sensor Capabilities
In a move that impacts the future of wearable sensing and edge computing, Australian motion-analysis company dorsaVi (ASX:DVL) has secured exclusive worldwide rights to a transformative memory technology developed by Singapore’s Nanyang Technological University (NTU). The deal grants dorsaVi access to nine families of resistive random-access memory (RRAM) patents designed to power the next generation
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Australia’s GDP inches higher in March 2025 quarter
Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, edged higher by a lower than expected 0.2 per cent in the March 2025 quarter. The accompanying ABS-prepared commentary noted that extreme weather events dampened domestic demand and reduced exports. It added that weather impacts were particularly evident
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Soul Patts and Brickworks Strike $14 Billion Deal to Create a Newly Capitalised ASX-Listed Company
A Transformative $14 Billion Merger In a bold move that will reshape Australia’s industrial and investment sectors, Washington H. Soul Pattinson (ASX:SOL) and Brickworks (ASX:BKW) have agreed to a transformative merger that will create a new $14 billion ASX-listed entity. The deal will dismantle their long-standing cross-shareholding and replace it with a unified, more investable
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TruScreen Secures NZ$2.35M in Fresh Capital to Expand Global Cervical Screening Footprint
TruScreen Group Limited (NZX/ASX:TRU), a medical device company focused on real-time cervical cancer screening, has raised NZ$2.35 million from a share placement that drew strong interest from investors across Asia, including some new investors from Singapore and Hong Kong. These additional funds will be used to advance the company’s AI-powered cervical cancer detection technology amid
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WiseTech Expands Global Footprint with $2.1B Acquisition of e2open
WiseTech Global (ASX:WTC) has taken a decisive step toward cementing its position as a leading force in global logistics technology, announcing a binding agreement to acquire US-based e2open (NYSE:ETWO) for an enterprise value of US$2.1 billion. The acquisition is poised to transform WiseTech’s global reach and accelerate its vision of becoming the operating system for
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The RBA eases monetary policy, but still sees a cloudy outlook
RBA benchmark rate is cut by 25 basis points at the May Board meeting As was widely expected by all and sundry, the RBA’s benchmark interest rate was reduced by 25 basis points to 3.85% at the 19-20 May RBA Board meeting. Policy makers even briefly considered whether a 50 basis point cut was an
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Saunders Secures $27M Contract to Boost Gold Production at Kalgoorlie
Expanding Western Australia’s Gold Processing Capacity The Australian resources sector has gained fresh momentum as Saunders International Limited (ASX:SND) announced a significant contract win. The $27 million agreement, awarded by Primero, marks Saunders’ continued involvement in enhancing operations at Kalgoorlie Consolidated Gold Mines (KCGM), one of Western Australia’s iconic mining sites. This contract will see
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4DMedical Secures U.S. Deal with Intermountain Health, Unlocking Growth Path
A growing U.S. demand for faster, AI-powered tools in cardiopulmonary care is opening up substantial commercial opportunities for Australian medtech company 4DMedical (ASX:4DX). The Melbourne-based imaging innovator has secured a significant contract with Intermountain Health—one of the United States’ largest and most respected health systems—for the rollout of its newly FDA-cleared Pulmonary Hypertension Analysis (PHA™)
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Race Oncology Doses First Patient in RC220 Trial, Advancing Tumour Program
Race Oncology (ASX:RAC) has taken a step towards the development of a new cancer-fighting drug therapy, dosing the first patient in its Phase 1 trial of RC220, a reformulated version of bisantrene, aimed at treating advanced solid tumours. The early-stage trial marks a key milestone for Australia’s biotech sector and positions Race Oncology at the forefront
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March 2025 quarter CPI above expectations – but RBA cut still likely
The March 2025 quarter CPI data released today were a touch above market expectations. The headline CPI rose by 0.9% over the quarter, well up on the slight 0.2% increase reported in the prior quarter. This delivered an annual CPI increase in the March 2025 quarter of 2.4%, which matched that reported in the prior
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Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians
Just 12 months after launching their refurbished tech division, eCommerce company Harris Technology (ASX: HT8) is set to consolidate its position as a leading seller of refurbished tech products in Australia by expanding into new product categories. The expansion opportunity comes after Harris Technology caught the attention of Taiwanese tech giant FSP Technology Inc which
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PYC Therapeutics Moves Toward First Treatment for Blinding Childhood Eye Disease
Australian biotech PYC Therapeutics (ASX:PYC) has taken a major step forward with its lead program, presenting clinical data that signals a significant opportunity in the treatment of genetic eye diseases — a space where no treatments currently exist. The company announced that interim results from its Phase 1/2 trials for VP-001 — a drug candidate
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Impact Minerals Accelerates HPA Market Entry with Strategic HiPurA® Acquisition
Australia’s Push To Lead In High Purity Alumina (HPA) Impact Minerals (ASX:IPT) has secured a 50% stake in Alluminous Pty Ltd, which recently acquired the high-potential HiPurA® HPA processing technology. The move is a step in Impact’s strategy to become a vertically integrated HPA producer and could shave years off its path to commercialisation. “This
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Equity Story Acquires Baker Young to Accelerate Retail Stockbroking Expansion
Equity Story Group Taps Booming Advisory Sector Equity Story Group Ltd (ASX:EQS) has taken a major step into full-service wealth management, signing a binding agreement to acquire long-standing financial advisory firm Baker Young Limited. The strategic acquisition aims to expand Equity Story’s footprint into retail stockbroking and corporate advisory—two segments showing significant growth amid increasing
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Condor Confirms 3 Billion Barrel Oil Potential in Tumbes Basin
Independent Resource Estimate Highlights Massive Oil Exploration Upside A new independent assessment has confirmed a best estimate of 3 billion barrels of oil across five high-impact exploration prospects offshore northern Peru — putting Condor Energy (ASX:CND) firmly on the radar of investors seeking exposure to large-scale frontier oil opportunities. “The independent resource estimate … validates
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Atomo Scales Up HIV Self-Testing Through National Vending Machine Rollout
Federal Funding Unlocks New Health Access Opportunity Atomo Diagnostics (ASX:AT1) has received a $230,000 order from Thorne Harbour Health (THH) to support the national rollout of its HIV self-test kits through public-funded vending machines. The initiative is part of the Federal Government’s CONNECT Programme, announced in the May 2024 Budget, and signals a shift toward
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Spenda Secures $3M Term Loan to Accelerate Growth
Funding Injection Strengthens Spenda’s Push Towards Operational Break-Even Spenda Limited (ASX:SPX) has executed a $3 million term loan facility with Capricorn Society Limited. The facility bolsters Spenda’s financial position and signals confidence in its strategic direction, The facility’s flexible funding arrangement is designed to support the company’s capital expenditure and working capital requirements as it
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Argent BioPharma Expands in Europe with German Approval for CannEpil™
Cannabinoid Therapy Gains Foothold in Germany’s Epilepsy Market Argent BioPharma (ASX:RGT) has secured approval for its flagship cannabinoid-based epilepsy treatment, CannEpil™, to be prescribed in Germany. This milestone marks a major step in the company’s European expansion and strengthens its presence in one of the region’s key pharmaceutical markets. Germany has approximately 816,000 epilepsy patients,
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Koonenberry Gold Strikes High-Grade Gold at Enmore Project
Enmore Gold Project Shows Exploration Potential Koonenberry Gold (ASX:KNB) has returned high-grade gold intercepts from its first diamond drillhole at the Enmore Gold Project in northeast New South Wales. The results validate historical drill data and highlight the potential for a significant mineralised system. Managing Director Dan Power described the outcome as “a truly exciting
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AVJennings Strikes Takeover Deal with AVID Property
Property Market Shift Opens Opportunities Australia’s property sector continues to attract strong investor interest, with major players eyeing strategic acquisitions. AVJennings Limited (ASX:AVJ) has now entered into a Scheme Implementation Deed (SID) with AVID Property Group, in partnership with Proprium Capital Partners, in a deal valued at $0.655 per share. This agreement provides a significant
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The RBA sits pat on rates as Federal election, US tariffs beckon
The RBA’s benchmark interest rate was left unchanged at 4.10% at the Bank’s 31 March-1 April Board meeting, with our central bank deciding to leave well enough alone ahead of a swag of political and economic uncertainties hitting markets over coming weeks. This left the RBA rate a touch under the existing US Fed Funds
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Altech Secures €2.5M Funding Through Bearer Bond Agreement
Funding Agreement with Deutsche Balaton AG Altech Batteries (ASX:ATC) has entered into a bearer bond agreement with major shareholder Deutsche Balaton AG, allowing the company to access up to €2.5 million in funding. The agreement, which requires shareholder approval, will provide cash in increments of €500,000. The interest payable on the bearer bonds will be
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Memphasys Delivers Clinical Milestone as Felix™ Fertility System Clears Key Trial Benchmark
Fertility Tech Market Expands, With Memphasys Ready to Capitalise The global assisted reproductive technology (ART) sector continues to grow rapidly, with IVF cycles projected to exceed 4 million annually by 2030. The demand for technologies that improve embryo success rates is stronger than ever — and Memphasys (ASX:MEM) with its Felix™ System appears poised to
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GreenHy2 Secures European Technology Deal to Strengthen Energy Storage Offering
The opportunity for next-generation energy storage continues to grow, and GreenHy2 Limited (ASX:H2G) has taken a step forward by signing a contract with European supplier H2Core. The agreement provides GreenHy2 with access to leading-edge supercapacitor battery and hydrogen storage technologies, offering significant advantages in cost, safety, and operational efficiency over traditional solutions. Supercapacitor Batteries Promise
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Icetana AI Secures A$1.7 Million Contract, Tapping into Middle East Growth Opportunity
Baghdad Safe City Project Drives Major Milestone for Australian AI Company The Middle East continues to show strong demand for advanced security technology, and Australian AI video analytics firm icetana Limited (ASX:ICE) has seized the moment. The company has secured its largest contract to date — an A$1.7 million purchase order for its AI-powered video
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EMVision Takes to the Skies as Stroke Scanner Proves Air-Ready
A major opportunity is emerging for early stroke and brain injury diagnosis in remote and aeromedical settings, as EMVision’s (ASX:EMV) First Responder device passes its first critical air-based test. Stroke and traumatic brain injury (TBI) are two of the most time-sensitive medical emergencies. In regional Australia, patients face long delays to diagnosis and specialist care
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Norwood Secures $2.98 Million Optus Voicemail Contract
Voicemail Market Evolves with AI Opportunity The growing demand for modern, AI-driven telecommunications services has opened up a new industry opportunity—and Norwood Systems (ASX:NOR) is positioning itself to capitalise. Norwood develops advanced voice communication platforms leveraging conversational and generative AI technologies. The company has signed a five-year supply contract with Optus to replace its existing
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On Nut Road Limited Launches A$55 Million Play for Donaco in All-Cash Deal
Industry Headwinds Open the Door for Shareholder Certainty The Asian gaming and entertainment sector faces increasing complexity as regulatory shifts and border operational risks continue to challenge smaller operators. Against this backdrop, Donaco International Limited (ASX:DNA) has announced a proposed acquisition by On Nut Road Limited (ONR), an Argyle Street Management (ASM)-backed investment vehicle. A
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Renergen Overcomes Key Challenges and Begins Commercial Liquid Helium
Helium Market Gains a New Supplier Renergen (ASX:RLT) has taken a significant step forward in the global helium market, announcing its first successful commercial fill of liquid helium. The milestone marks the company’s transition from development to sales, a crucial moment for investors tracking the Virginia Gas Project’s progress. The global helium market has faced
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Race Oncology Secures Ethics Approval for RC220 Solid Tumour Trial
Ethics Approval Clears Path for RC220 Clinical Trial Race Oncology (ASX:RAC) has received a major regulatory green light, with the Bellberry Human Research Ethics Committee (HREC) granting approval for its Phase 1 clinical trial of RC220 in combination with doxorubicin for solid tumour patients. This milestone enables the lead site, Southside Cancer Care Centre in
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Proteomics International Launches PromarkerD to Tackle Australia’s Diabetes Crisis
Predictive Test Aims to Revolutionise Kidney Disease Management Australia’s healthcare system is facing a growing challenge: diabetes-related kidney disease. With over 1.3 million Australians living with diabetes, more than half are at risk of developing chronic kidney disease (DKD), a leading cause of dialysis and kidney failure. In a significant step forward, Proteomics International Laboratories
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BlinkLab Kicks Off U.S. Autism Diagnostic Study with First Patient Tested
Addressing Critical Gaps in Autism Diagnosis Autism spectrum disorder (ASD) affects millions of children worldwide, yet early diagnosis remains a major challenge. Despite recommendations from the American Academy of Paediatrics (AAP) for autism screening at 18 and 24 months, many children experience delays in diagnosis, missing the crucial window for early intervention. BlinkLab Limited (ASX:BB1)
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Wide Open Agriculture Expands Global Footprint with New Sales in Europe, Latin America & Australia
Lupin Protein Gains Global Momentum Wide Open Agriculture (ASX:WOA) is making significant strides in the global plant-based protein market, securing initial commercial sales and purchase orders across five continents. This latest development highlights the growing demand for WOA’s lupin protein isolates, and positions the company as a key player in the alternative protein sector. “These
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Hillgrove Hits Record Copper Production in February
Kanmantoo’s Output Surges as Operations Strengthen Hillgrove Resources (ASX:HGO) has delivered a record-breaking month at its Kanmantoo Copper Mine, producing 1,105 tonnes of copper in February 2025. This marks the highest monthly production since the site began processing underground material in February 2024, reinforcing the mine’s steady operational improvement. CEO Highlights Operational Gains Hillgrove CEO
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Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium
One of the world’s largest manufacturers of power supply units has identified an investment opportunity in Australia through a $1.5 million investment made in eCommerce company Harris Technology (ASX: HT8) at a substantial premium to their share price. The investment by FSP Technology was completed through a private Placement at an issue price of 2
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Delorean Secures $6.1 Million ARENA Grant to Advance Bioenergy Facility
Renewable Gas Gains Momentum with Delorean’s SA1 Project The push for renewable energy in Australia has received a major boost, with Delorean Corporation Ltd (ASX:DEL) securing a $6.08 million grant from the Australian Renewable Energy Agency (ARENA). The funding will accelerate the development of the company’s SA1 bioenergy facility in Edinburgh Parks, South Australia. Delorean
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Spacetalk Leverages AI to Help Wearables PredictHealth Risks
AI Innovation Opens New Doors in Health Monitoring Spacetalk Ltd (ASX:SPA) has taken a significant step in its transformation journey by securing an exclusive, worldwide licence for Watch Walk AI, an AI-powered gait biomarker algorithm. Developed by a team of researchers from Neuroscience Research Australia (NeuRA) and the University of New South Wales (UNSW), this
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Australia’s GDP strengthens in December 2024 quarter
Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, rose by a 0.6% in the December 2024 quarter, to be a 1.3% higher on an annual (through the year) basis. This annual movement was in the ball-park of market expectations, and a definite improvement on the mediocre
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InFocus Secures US$1.5 Million Deal to Develop Stablecoin Payments Platform
Crypto Payments Opportunity Grows as InFocus Wins Multi-Phase Deal The global demand for seamless, cross-border payment solutions continues to rise, with stablecoin technology emerging as a key player in the financial landscape. Australian-listed data analytics and software solutions company InFocus Group Holdings Limited (ASX:IFG) has secured a US$1.5 million service agreement with GBO Assets Ltd,
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Forbidden Foods Sales Surge 147 per cent as Multi-Brand Strategy Delivers Growth
Strong Start to calendar 2025 with Robust Sales Growth Reported Forbidden Foods Ltd (ASX:FFF) has kicked off the 2025 calendar year with a strong sales performance, reporting a 147% increase in year-to-date sales compared to the previous corresponding period. For the first two months of the year, the company recorded net sales of $577,857, reflecting
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Vinyl Group Expands Media Reach with Concrete Playground Acquisition
Vinyl Group Seizes Growth Opportunity in Digital Media Vinyl Group (ASX:VNL), Australia’s only ASX-listed music company, has completed its acquisition of digital city guide Concrete Playground for $5.56 million. This strategic move strengthens Vinyl Group’s media and advertising division, positioning the company for accelerated growth and a faster path to positive cash flow. CEO Josh
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Stealth Secures Exclusive Distribution Deals, Strengthening Market Position
Tool Market Opportunity Expands with Major Brand Agreements The Australian and New Zealand power and hand tool market is set for a shake-up as Stealth Group Holdings Ltd (ASX:SGI) secures exclusive distribution rights for CAT® Power Tools, Wesco Power Tools, and Harden Hand Tools. This move significantly strengthens Stealth’s exclusive brand strategy, positioning it as
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Harris Technology nears profitability as refurbished tech division gains traction
While most retailers in Australia have been reeling over the past 12 months as macroeconomic pressure has seen consumer spending plummet, tech retailer Harris Technology (ASX: HT8) is on the verge of a major turnaround that has seen a 56% improvement in its results. For the Half Year ended 31 December 2024, Harris Technology reported
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BlueBet Moves to Acquire PointsBet in $360M Deal
BlueBet Targets Growth with PointsBet Takeover Australia’s online wagering sector is set for a shake-up as BlueBet Holdings Limited (ASX:BBT) has made an offer to acquire PointsBet Holdings Limited in a deal valued between $340 million and $360 million. If successful, the acquisition is expected to generate at least $40 million in annual synergies, positioning
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Nickel Industries Limited: Strengthening Its Global Position Amid Market Challenges
Despite a challenging macroeconomic environment, Nickel Industries Limited has achieved remarkable milestones in its 12 months ended 31 December 2024 financial year, setting new production records and securing strategic acquisitions that strengthen its position as a leading global nickel producer. The company produced an impressive 135,602 tonnes of finished nickel metal across Nickel Pig Iron
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HeraMED Teams Up with Garmin to Transform Pregnancy Monitoring
Expanding Digital Maternity Care with Wearable Technology HeraMED (ASX:HMD), a leader in digital maternity care, has secured a strategic collaboration with global smartwatch giant Garmin (NYSE:GRMN). The agreement enables seamless integration of Garmin’s smartwatch data into HeraMED’s remote pregnancy monitoring platform, HeraCARE—offering expectant mothers and healthcare providers a more comprehensive view of maternal health. HeraMED
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Mayne Pharma Board Supports $672 Million takeover by Cosette
Cosette’s Offer Price Well In Excess of Mayne’s Last Close Mayne Pharma (ASX:MYX) has received a takeover offer from U.S.-based Cosette Pharmaceuticals, Inc., marking a major milestone in the Australian pharmaceutical sector. The agreement, structured as a Scheme of Arrangement, will see Cosette acquire 100% of Mayne Pharma’s shares for $7.40 per share, valuing the
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Vitura Finalises Candor Medical Acquisition Expanding Digital Health Reach
Industry Sees Growth in Digital Health and Medicinal Cannabis The digital health and medicinal cannabis sectors are rapidly evolving, with demand for telehealth services and alternative treatments on the rise. Vitura Health Limited (ASX:VIT) is capitalising on this opportunity, having officially completed its acquisition of Candor Medical, a provider of innovative prescription treatments via telehealth.
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Clean Seas Seafood Weighs Indicative Merger Proposal from Yumbah
Aquaculture Sector Sees Major Opportunity The Australian aquaculture industry is on the brink of a significant shake-up as Clean Seas Seafood Limited (ASX:CSS) considers a merger proposal from Yumbah Aquaculture Ltd. If successful, the deal would combine two leading Australian seafood producers, bringing together Clean Seas’ premium Yellowtail Kingfish operations with Yumbah’s extensive shellfish portfolio.
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Meridian Moves to Acquire NZ Windfarms in Landmark Deal
Wind Energy Opportunity Expands in New Zealand The renewable energy sector in New Zealand is poised for significant growth, with Meridian Energy Limited (ASX/NZX:MEL) announcing its intention to acquire full ownership of NZ Windfarms Limited (NZX:NZWF). The acquisition will provide Meridian with complete control over NZ Windfarms’ assets, including the pivotal Te Rere Hau Wind
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The RBA’s benchmark interest rate reduced to 4.10%
In a move that has brought a smile to the faces of personal and business borrower alike (and a few under-the-pump politicians!), the Reserve Bank of Australia (RBA) reduced its benchmark interest rate by 25 basis points to 4.10% at its 17-18 February 2025 Board meeting. The last time this benchmark rate was reduced was
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Recce Pharmaceuticals Accelerates Commercialisation with Strong Phase II Trial Results
USD 26 Billion Market Opportunity The global market for Acute Bacterial Skin and Skin Structure Infections (ABSSSI) is expected to grow from USD 7.3 billion in 2018 to USD 26 billion by 2032, highlighting an urgent need for effective new treatments. With the rise of antimicrobial resistance (AMR), demand for novel broad-spectrum antibiotics is at
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Infomedia Seizes AI Opportunity with 50% Stake in Intellegam
A Strategic Move into AI-Driven Automotive Solutions The automotive industry is at a turning point, driven by the rise of connected cars, changing customer expectations, and a need for efficiency. As businesses scramble for smarter solutions, Infomedia Ltd (ASX:IFM) has made a bold move—securing a 50% stake in European AI startup Intellegam GmbH for €6.1
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Imugene Advances Cancer Fight with 57% Complete Response Rate in CAR-T Trial
Industry Opportunity: Addressing a Critical Unmet Need The fight against blood cancer is evolving, and Imugene Limited (ASX:IMU) is at the forefront of this battle. With a new wave of promising results from its Phase 1b trial, Imugene’s allogeneic off-the-shelf CD19 CAR-T therapy, azer-cel, is demonstrating significant potential for patients with relapsed/refractory diffuse large B-cell
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MTM Unlocks Breakthrough in Gallium and Germanium Recovery
A Game-Changer for Critical Metals Supply The global semiconductor and defence industries are facing a critical supply chain challenge, with key materials like gallium (Ga) and germanium (Ge) largely controlled by Chinese exports. MTM Critical Metals (ASX:MTM) has taken a major step towards addressing this issue, achieving high recovery rates of these metals from semiconductor
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Vinyl Group Expands Media Footprint with Launch of Vinyl Media
Vinyl Group seizes cultural opportunity with premium publishing expansion Vinyl Group (ASX:VNL) is making bold moves in the Australian media landscape, unveiling a major rebrand and restructure of its media division as Vinyl Media. The company, Australia’s only ASX-listed music entity, is positioning itself as a powerhouse for cultural storytelling, blending premium publishing with audience
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Memphasys Reaches Key Milestone in Felix™ Clinical Trial, Data Lock Expected Soon
Advanced Sperm Selection Technology Moves Closer to Market Memphasys Limited (ASX:MEM) has hit a critical milestone in its pivotal clinical trial for the Felix™ System, an innovative sperm selection technology designed for Assisted Reproductive Technology (ART) procedures. With the Last Patient Last Visit (LPLV) now completed, the company is entering the final phase before results
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Radiopharm’s RAD 101 Shows Promise in Detecting Brain Metastases
New Imaging Breakthrough Targets Growing Brain Metastases Challenge Brain metastases are becoming increasingly prevalent due to improved cancer treatments extending patient survival. However, accurate detection remains a major clinical challenge. A new study highlights promising results for Radiopharm Theranostics’ (ASX:RAD, NASDAQ: RADX) novel imaging agent, RAD 101 (18F-Pivalate), in detecting brain metastases with high precision.
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Eureka Expands into All-Age Rental Market with Gladstone Acquisition
Seizing an Opportunity in Affordable Rentals With home ownership in Australia becoming increasingly out of reach and rental demand surging, the all-age rental sector presents a significant growth opportunity. According to the most recent National Census, nearly 30% of Australians rent their homes, and 85% of these renters are under the age of 55. Eureka
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SportsHero Expands Indonesian Reach with XL Axiata Partnership
Indonesia’s gaming industry is on a rapid growth trajectory, driven by a tech-savvy, youthful population and increasing government support for esports. With over 8.3 million dedicated PC gamers, the market presents a significant opportunity for digital entertainment providers. SportsHero Limited (ASX: SHO) has now secured a key position in this expanding sector through a two-year
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Altair Expands Portfolio with High-Grade Copper Acquisition in Peru
Altair Minerals Limited (ASX: ALR) has announced the proposed acquisition of the Venatica Copper Project in Peru, If completed, this transaction would position the company within one of the world’s most prolific copper-producing regions. Located just 60km from Monger Gold’s (ASX:MMG) Las Bambas Mine, which is responsible for 2% of the world’s copper supply. Venatica
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OncoSil Gains Momentum in Germany as 120 Hospitals Secure Negotiation Rights
The fight against pancreatic cancer has taken a step forward in Germany, with 120 hospitals now legally entitled to negotiate funding for OncoSil Medical’s (ASX:OSL) innovative treatment device. This marks a 43% increase from the previous year and highlights growing recognition of the OncoSil™ device within the German healthcare system. German Hospitals Embrace OncoSil’s Innovation
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Optiscan Advances GI Imaging with New Study in Germany
Tackling a Major Health Challenge Gastrointestinal (GI) diseases, including colorectal cancer, are a significant global health issue. In 2020 alone, there were an estimated 1.9 million new cases of colorectal cancer and more than 930,000 related deaths worldwide. Early detection and precise intervention are crucial, but traditional diagnostic methods often lack the real-time precision required
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December 2024 quarter CPI has interest rate doves cooing
Slightly below expectations December 2024 quarter CPI data released today were warmly received by stock market investors. The stats, which have ramifications for Australia’s monetary policy settings, bolstered hopes that the Reserve Bank of Australia (RBA) will reduce its benchmark interest rate ahead of the next Federal election, which must be held by May 2025.
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Harris Technology sees big opportunity for refurbished tech in 2025 with positive cash flow
Amid a challenging retail landscape that has seen the collapse of major players like Catch, Harris Technology (ASX: HT8) has been treading water with its retail tech business but unearthed a rapidly firing refurbished tech business that is poised to breakout in 2025. For the December 2024 quarter, Harris Technology reported sales revenue of $3.6
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OncoSil Medical strengthens board with appointment of governance expert
In a strategic move to bolster its governance and corporate strategy, OncoSil Medical Limited (ASX:OSL), a leader in pancreatic cancer treatment innovation, has today appointed Ms. Lel Smits as a Non-Executive Director. The addition of Ms. Smits, a renowned figure in corporate governance and investor relations, signals OncoSil’s commitment to enhancing its market position and
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Mesoblast RYONCIL® Therapy Approved by FDA
RYONCIL® (remestemcel-L) becomes the first mesenchymal stromal cell (MSC) product approved by the US Food and Drug Administration (FDA) for any indication. RYONCIL® is also the first FDA-approved therapy for children aged 2 months and older, including adolescents and teenagers, with steroid-refractory acute graft versus host disease (SR-aGvHD), a life-threatening condition with high mortality rates.
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The RBA’s benchmark interest rate remains unchanged at 4.35%
Calls from some quarters for the RBA to slip an interest rate cut into borrowers’ Christmas stockings have gone unheeded, with the Bank’s benchmark interest rate remaining at 4.35% following its December 2024 Board meeting. This closely-watched rate has now been set at 4.35% since December last year. What kept the RBA from changing the
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AML3D Secures A$2.27M Contract with Tennessee Valley Authority to Expand US Presence
“This ARCEMY® X order from the TVA is very much aligned with the US Scale Up growth strategy we have in place,” said AML3D CEO Sean Ebert, as the company announced a landmark A$2.27 million contract to supply the Tennessee Valley Authority (TVA) with its large-scale ARCEMY® X system. The deal marks AML3D’s strategic expansion beyond
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Australia’s GDP limps higher in September 2024 quarter
Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, rose by a paltry 0.3% in the September 2024 quarter, to be just 0.8% higher on an annual (through the year) basis. The markets were expected Australia’s quarterly economic growth increase to be around 0.5% in the latest
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Invion doses first patient in phase I/II non-melanoma skin cancer trial
Invion (ASX:IVX) surged higher after announcing that it had completed the dosing of the first patient in its Phase I/II non-melanoma skin cancer (NMSC) trial conducted at Veracity Clinical Research (Veracity) in Brisbane. The trial marks a significant milestone for Invion and is designed to evaluate the safety and efficacy of its lead drug candidate
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Wildcat delivers Australia’s largest undeveloped lithium resource
Mineral exploration business Wildcat Resources (ASX: WC8) has unveiled a significant resource estimate for its Tabba Tabba project in the Pilbara region of Western Australia, consisting of 74.1 million tonnes at a grade of 1.0 per cent lithium. According to the company, the project now holds Australia’s largest undeveloped publicly reported hard-rock lithium deposit. The
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AML3D raise to fund doubling of US capacity and other growth initiatives
AML3D (ASX:AL3) announced the successful completion of a two-tranche institutional placement (“Placement”) to sophisticated investors, raising approximately $30 million. The Placement will see around 157.9 million new fully paid ordinary shares in AML3D issued at a price of $0.19 per share. The Placement was strongly supported by both existing AML3D shareholders and new institutional investors
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Encounter Resources drill results confirm ‘high-grade’ niobium discovery
Encounter Resources (ASX:ENR) rose after announcing that the first reverse circulation (RC) drilling results from its Green prospect at the Aileron project in the West Arunta region of WA hosts extensive, enriched, high-grade niobium mineralisation in the upper portion of the system. Of the four initial RC holes completed in Green’s western area, three returned
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Singular Health Group signs MOU and completes equity placement
Medical technology company Singular Health Group rose after it announced the signing of a Memorandum of Understanding (MOU) with Provider Network Solutions (PNS) to collaborate on a technical proof-of-concept and commercial pilot within the PNS Network. Singular Health also announced the completion of a successful equity placement of AUD3.7M at $0.09 per share, including an
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Resonance soars on $14m contract win with big pharma
The share price of healthcare technology and services business Resonance Health (ASX: RHT) surged by more than 50 per cent on Tuesday after the company nailed down a two-year clinical trial agreement with Indian multinational pharmaceutical titan, Sun Pharmaceuticals. The $13.775 million deal will see Resonance act as the local Australian sponsor and provide clinical
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Petratherm surges on ‘outstanding’ Rosewood metallurgical results
Petratherm (ASX:PTR) rallied strongly after announcing results from an initial trial heavy mineral sand (HMS) separation test using samples collected from historic drill holes stored at the South Australian Core Library (CAR series drill holes). The composite samples were collected from widely spaced contiguous drill holes along a 2.5-kilometre-long traverse on the eastern side of
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Spectur nails down long-term government contract as sales gather momentum
Spectur (ASX: SP3), a specialist in smart security systems powered by solar technology, has locked in a three-year agreement valued at close to $800,000 for the provision of its cameras and analytic services to government agency Transport for New South Wales. The contract also allows for a potential site expansion which could help boost the
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Aussie mining heads to paradise for showpiece industry event
The Australian mining industry flocked to tropical Queensland this week for one of the most distinguished events on the calendar for ASX-listed producers, explorers, and resource developers: the Noosa Mining Investor Conference hosted by Brisbane-based outfit, Equity Events. Held twice a year at the Peppers Noosa Resort on the top end of Queensland’s pristine Sunshine
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Biome leaps into Canada as sales in Australia skyrocket
Biome Australia (ASX: BIO), a healthcare business specialising in developing, marketing, and distributing probiotic and complementary health products, has spread its wings into the Canadian market after generating positive feedback and encouraging early sales during a two-month testing period. Management believes the Canadian market is now adequately derisked for the company to march forward with
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EMVision takes key step in advancing stroke diagnosis technology
Medical device company EMVision (ASX: EMV) has reported “excellent” results from a study gauging the effectiveness of its cutting-edge neurodiagnostic technology for the identification of stroke and stroke types. The multi-site study – known as EMView – involved the testing of diagnostic algorithms on unseen data from 307 participants across the Liverpool, Royal Melbourne, and
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Novonix nails down graphite supply deal with global automotive giant
Battery technology business Novonix (ASX: NVX) has entered a binding offtake agreement to supply its high-performance synthetic graphite material to the battery cell manufacturing partners of multinational automotive titan, Stellantis. Commencing in 2026, the six-year deal will see Novonix deliver a minimum of 86,250 tonnes of graphite and up to 115,000 tonnes of the material
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Equinox Resources says rock chip samples from Alturas return ‘ultra-high grade antimony assays’
Equinox Resources (ASX: EQN) rallied after announcing that reconnaissance assay results from the maiden exploration program at its Alturas antimony project in British Columbia, Canada had returned ultra-high grade naturally occurring antimony, with assays up to 69.98% antimony. Equinox Resources also announced an expansion of its Alturas project, with the Company pegging two additional claims
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Quickstep jumps post contracts update and takeover offer
Quickstep Holdings (ASX:QHL) has had a busy day, announcing (1) the successful finalisation of key negotiations with its Tier 1 defence customers, incorporating terms that reflect mutually acceptable volumes and pricing adjustments and (2) a takeover offer from ASDAM Operations Pty Limited. Contracts update C-130 Program with Lockheed Martin: Quickstep Holdings secures volume and increased
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Progresses Benchmarking for EMASS Semiconductor Technology
Second Benchmark testing for the ECS-DOT chipset by Embedded A.I Systems Pte. Ltd (EMASS) is scheduled to commence on 7 November, 2024, with results expected within a week The tests will focus on two critical applications, Anomaly Detection and Keyword Spotting, using standardised workloads from the MLPerf Tiny AI suite The EMASS ECS-DOT’s chipset performance
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RBA keeps benchmark interest rate at 4.35%
Those calling for the RBA to cut its benchmark interest rate on Melbourne Cup have backed the wrong horse – all they got was a hoarse voice! The RBA statement accompanying the Bank’s 5 November 2024 rates decision clearly stated the obstacles to any near term rate cut – and reiterated its ‘highest priority’, which
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Issues clinical trial update of its Phase 1 MAST trial
Clinical stage immuno-oncology company Imugene Limited (ASX:IMU) provided a clinical trial update of its Phase 1 MAST (Metastatic Advanced Solid Tumours) trial evaluating the safety and efficacy of novel cancer-killing virus CF33-hNIS (VAXINIA). Patient hits major milestone in CF33 MAST VAXINIA study, with ‘complete response’ for over two years The Cohort review committee has cleared
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Drilling intersects Shallow, High-Grade Gold Mineralisation at Barimaia Gold Project
Ordell Minerals (ASX:ORD) has reported ‘significant drill results’ from its recent shallow, wide-spaced Reverse Circulation (RC) drilling program at the Company’s Barimaia Gold Project, located near Mount Magnet in the WA-based Murchison region. These RC drilling activities, completed in September and October 2024, represented the second phase of Ordell Minerals’ larger, ongoing program to systematically
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Mineral Resources inks $1.1 billion gas deal with Gina Rinehart
Diversified mining business Mineral Resources (ASX:MIN) has struck a deal with Gina Rinehart’s Hancock Prospecting for the sale of two of its oil and gas exploration permits in the Perth Basin of Western Australia. In addition, the duo has entered joint venture (JV) agreements over Mineral Resources’ remaining exploration ground in the Perth Basin and
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OD6 Metals soars on the back of rich NSW copper acquisition
Shares in mineral exploration business OD6 Metals (ASX: OD6) rocketed by 75 per cent on Wednesday after the group reported its proposed acquisition of one of Australia’s highest grade historical copper mines, known as the Gulf Creek project. Located near the town of Burra in New South Wales, Gulf Creek is a volcanogenic massive sulphide
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Zip Co jumps as growth in core US market gathers momentum
Digital financial services business Zip Co (ASX: ZIP) saw its share price jump by 12 per cent on Tuesday after delivering a strong set of numbers for the first quarter of FY25. Notably, group cash operating earnings (EBITDA) of $31.7 million soared by 234 per cent from the same time last year as the company
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Harris Technology continues growth with refurbished tech sales surpassing second $1M in just three months
Online tech retailer Harris Technology Group (ASX: HT8) is rapidly gathering momentum through their refurbished tech product sales, generating $1 million in sales over the past three months which was twice as fast as the previous $1 million which took seven months. The surge highlights a growing consumer preference for affordable, quality tech products amidst
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Telix takes key step in US commercialisation push for brain cancer imaging agent
Commercial-stage biopharmaceutical business Telix Pharmaceuticals (ASX: TLX) has moved a step closer to bringing to market its brain tumour imaging product known as Pixclara, after receiving ‘New Drug Application’ (NDA) status from the US Food and Drug Administration (FDA). The company’s formal application has now been granted priority review by the FDA, with a commercial
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Adisyn set for data centre market boost with proposed acquisition of 2D Generation
Technology services and solutions business Adisyn (ASX: AI1) appears set to broaden its exposure to the burgeoning semiconductor sector through a proposed acquisition of innovative high-tech company, 2D Generation. The deal could see Adisyn boost its penetration into target markets such as data centres, cybersecurity, and the defense industry. The tabled acquisition builds on
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Yandal shines as new WA gold discovery begins to take shape
Mineral exploration business Yandall Resources (ASX: YRL) saw its share price double on Monday after the group delivered an “exceptional” gold hit from drilling at its New England Granite prospect, located within the company’s broader tenure at its flagship Well-Barwidgee gold project in Western Australia. The wide 78 metre intercept grading 1.2 grams per tonne
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Nyrada soars as stroke and brain injury drug approaches clinical trial
Shares in biotechnology business Nyrada (ASX: NYR) lifted by nearly 40 per cent on Wednesday following the successful completion of safety studies on its lead drug candidate for the treatment of traumatic brain injury and strokes, NYR-BI03. The favourable results have now opened the door for a first clinical trial of the drug on humans
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AnteoTech scores maiden commercial order from European EV maker for its innovative silicon battery technology
Clean energy and high-tech materials company AnteoTech (ASX: ADO) has received a first commercial order for its proprietary Ultranode battery anode technology which contains 70 per cent silicon. The initial $40,000 purchase will see an unnamed “major” European electric vehicle (EV) manufacturer – known as EV1 – test and evaluate the technology over the coming
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African Gold soars on the back of spectacular gold hits in Côte d’Ivoire
Shares in mineral exploration business African Gold (ASX: A1G) more than doubled on Tuesday after the company delivered “spectacular” gold intercepts from drilling at its Didievi project in the West African nation of Côte d’Ivoire. The new results from one diamond drill hole at the Blaffo Guetto prospect were headlined by a broad and high-grade
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James Bay Minerals (ASX:JBY): Transformational acquisition of US-based high-grade Gold Project
James Bay Minerals (ASX: JBY) (‘James Bay’) has entered a binding agreement that gives the Company the right to acquire up to 100% of the advanced Independence Gold Project, located in Nevada, United States of America. The Independence Project is presently owned by Independence Mining LLC, an incorporated joint venture between Battle Mountain Resources Pty
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Rio Tinto shines light on lithium sector with US$6.7 billion acquisition of Arcadium
Diversified mining titan Rio Tinto (ASX: RIO) is set to purchase the “world-class” lithium chemical producer Arcadium Lithium in an effort to grow its position as a global leader in the production of energy transition commodities. Valued at US$6.7 billion, the all-cash deal represents a sturdy 90 per cent premium to Arcadium’s closing share price
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Echo IQ appoints healthcare guru to drive US commercialisation of its diagnostic heart disease platform after securing regulatory clearance
Medical technology company Echo IQ (ASX:EIQ) has employed leading American healthcare executive, Dustin Haines, as new chief executive officer (CEO) to spearhead efforts to commercialise and scale its EchoSolv artificial intelligence powered platform in the lucrative US market. The innovative platform is designed to automatically identify patients at risk of structural heart disease with unparalleled
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Orthocell locks in Singaporean regulatory approval in international commercialisation push for nerve repair product
Regenerative medicine business Orthocell (ASX: OCC) has nailed down its first international regulatory approval for the group’s nerve repair product known as Remplir. The formal authorisation from the Health Sciences Authority in Singapore allows the company to begin sales in the nation and builds on its existing markets for the product in Australia and New
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ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture
Aspiring financial services provider ARC Funds (ASX:ARC) is set to get a lot more public exposure to new investors having acquired a 30% equity stake in ausbiz Capital, the venture launched by financial media company ausbiz Group – operator of the ausbiz news channel. This strategic partnership marks a significant development for ARC Funds as
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Apiam appoints Bruce Dixon as Director, strengthening leadership with Greencross expertise
One month after making a substantial on-market purchase of shares, accomplished business leader Bruce Dixon has been appointed to the board of Apiam Animal Health (ASX: AHX), an appointment that may draw the attention of both institutional investors and private equity players alike. Dixon brings over 30 years of leadership experience, most notably as a
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Income Asset Management flags positive cashflow via strategic platform partnership with Perpetual
Ambitious fund manager Income Asset Management (ASX: IAM) has flagged the prospect of positive cash flow thanks to a strategic partnership with Perpetual Corporate Trust, which will play a key role in helping IAM improve its underlying business. Like many smaller financial service businesses, IAM carries high regulatory and operational expenses which meant that even
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IG data reveals fresh investor confidence following inflation-induced market lull
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
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Elixinol acquires The Healthy Chef and raises capital to seek growth in the wellness products market
In 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
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PainChek locks in performance data for FDA submission, aiming to be first pain assessment app approved in US
It’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
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NobleOak acquires RevTech and FiftyUp Club in $11 million deal that ceases life insurance commission payments
NobleOak Life (ASX: NOL) has acquired the trailing commissions and FiftyUp Club platform business from RevTech Media Pty Ltd, in a deal valued at $11 million. The acquisition strengthens NobleOak’s position in the Australian life insurance market by granting the Company access to a significant member base and eliminating ongoing commission payments. RevTech, a media
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Mosaic Brands to shut down five clothing brands and corresponding stores in a bid for survival
Battling 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
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HeraMED eyes TGA reclassification to restore HeraBEAT device for at-home use
It 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
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ClearVue ventures into net-zero modular housing market with Prefabulous
With 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
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Ecofibre secures deal to supply Under Armour with eco-friendly yarn alternative to spandex
The 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
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E&P seeks to delist from the ASX citing poor public perceptions and difficulty attracting talent
Adverse perceptions about being a publicly listed company on the ASX have prompted financial services provider E&P Financial Group (ASX: EP1) to voluntarily delist from the ASX, citing an undervalued share price which has negatively impacted its ability to attract and retain talent. The Board of E&P (previously known as Evans & Partners and Evans
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BTC Health secures $5m ECMO contract with Royal Children’s Hospital for life-saving medtech
Following 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
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Beston Global Food enters voluntary administration citing COVID and high interest rates
While high interest rates may be impacting homeowners moreso when forced to sell under mortgage stress, the corporate world is not immune to these pressures which has claimed Beston Global Food Company (ASX: BFC) as the latest collapse.The food production company has entered voluntary administration, blaming a combination of post-COVID challenges, surging interest rates, and
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Aeris Environmental targets smart building sales via JV with Cognian Technologies and established clientbase
Environmental 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
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UNITH launches self-service Digital Human Platform ‘interFace’ with strong early traction
Businesses around the world can now deploy digital humans to work for them with just a few clicks of the mouse following the public launch of interFace, a self-service offering by artificial intelligence company UNITH (ASX: UNT) as the latest product launch for their Digital Human Platform. Designed to allow businesses to independently create, train,
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Qoria secures exclusive partnership with Schools Broadband to safeguard UK students from inappropriate content
Digital 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
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ECS Botanics secures distribution rights to bring Terphogz’s ‘The Original Z’ cannabis strain to Australia
Medicinal cannabis products producer ECS Botanics (ASX: ECS) has struck an exclusive distribution deal with California-based Terphogz LLC, paving the way for the arrival of the famed cannabis strain ‘The Original Z’ (commonly known as Zkittlez) in Australia. This partnership marks a significant milestone in Australia’s burgeoning medicinal cannabis market, allowing patients access to one
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Bubs enrols 400th infant in its US clinical trials to get baby formula approval
Under 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.
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RocketBoots secures major international contract for grocery loss prevention software
Did 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
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Soco Corporation faces shareholder vote amid board leadership challenge
Issues around the leadership of IT company Soco Corporation (ASX: SOC) have not been resolved behind closed doors which has prompted shareholders to call for a vote among shareholders over the future of its leadership. Two of its major shareholders, Beostemis Pty Ltd and Castelfrentano Pty Ltd, lodged Section 249D notices to call for a
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City of Calgary engages SenSen for more smart city tech
The City of Calgary is set to become a lot more efficient having engaged smart city tech company SenSen Networks (ASX: SNS) for law enforcement devices that will reduce the reliance on human law enforcement. The contract, valued at $4.6 million (CAD $4.2 million) over five years, includes the supply of advanced vehicle-mounted and fixed
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Shane White takes over leadership of Equity Story as market conditions result in pullback from retail investors
Cost-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
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Genetic Technologies partners with CancerIQ to enhance cancer prevention but capital raise struggles
Driving 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
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NextEd joins the chorus of boos around Government cap on international students, flags revenue drop
Tertiary education provider NextEd Group (ASX: NXD) has forewarned investors that the impending cap on international students to be introduced in 2025 will have an adverse impact on revenue, joining its peers that will face unintended consequences from the legislative change. The Federal Government is set to introduce caps on the number of new international
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FBR completes walls of first home built in the US by bricklaying robot
Robotics 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
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Duratec secures first direct contract from Woodside while expanding footprint in defence infrastructure
Engineering 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
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EDU Holdings faces uncertainty amid Government’s impending cap on international students
Higher education operator EDU Holdings (ASX: EDU) is the first of many education companies listed on the ASX preparing for a decline in business as the Australian Government’s proposed cap on international students becomes closer to reality, expected to kick in from 2025 onwards. The legislation, part of the Labor Government’s plans to reduce net
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Bruce Dixon and Vita Pepe syndicate takes major position in Apiam Animal Health
An 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
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Gratifii acquires Club Connect and Rapport to drive leadership in loyalty tech solutions
Since 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
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Telco tries to Swoop in on Vonex acquisition, Board tells shareholders to ignore it
Telecommunications company Swoop Holdings (ASX: SWP) has submitted a non-binding proposal to acquire 100% of Vonex (ASX: VN8) in a competitive bid to derail an existing arrangement between Vonex and Maxo Telecommunications. Swoop’s offer has been met with strong resistance from Vonex, labelling the proposal as uncertain and urging shareholders to ignore it. The proposal
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Adslot makes leadership call as long-serving CEO resigns, effective immediately
Advertising 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
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Trading the ASX – Get your head around economic data releases
Economic 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
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Cost cutting is all the rage right now
In 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
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Star Entertainment considers safe harbour provisions as financial woes deepen
Amid 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
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Lithium Australia signs exclusive recycling deal with BYD Auto to boost battery recycling efforts
Driving 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,
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Archer Materials delivers breakthrough proof-of-concept devices for quantum computing chip production
Driving 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,
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Knosys secures contract from WA Office of Public Prosecutions for document management tech
In 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
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RocketDNA secures two contracts for autonomous patrol bots for mining sites
Drone 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
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Harris Technology sees earnings boost after strategic pivot amid economic challenges
Online 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
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Seafarms gains momentum with prawn exports to Europe, but struggles persist
Aquaculture 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
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BlueBet concedes there is no profitable path to the US, exits amid costly regulatory challenges
Fresh 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
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BTC Health drives earnings with product diversification to all major hospital operators
It 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
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Interest in captioning tech sees jump in earnings for AI-Media
In a world increasingly dependent on digital communication, AI-Media Technologies (ASX: AIM) is striving to enhance the way we interact with content. With a focus on AI-powered solutions that transform the landscape of captioning, transcription, and translation, AI-Media has demonstrated growth in its key financial metrics for the year ending June 30,2024. AIM’s total revenue
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Despite construction industry challenges, Duratec delivers earnings growth
The Australian construction market has seen a range of challenges from raw material costs rises, but also opportunities from a need for better infrastructure to service population growth. Despite the dynamic environment in the Australian construction market, the demand for high-quality engineering and remediation services has driven Duratec’s (ASX: DUR) revenue and earnings growth for
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Tabcorp faces profit erosion amid declining horse racing wagering as focus shifts to sports betting
In his first results presentation since taking the helm of wagering operator Tabcorp (ASX: TAH), former AFL boss Gillon McLaughlan has not shied away from the Company’s overreliance on horse racing which is a sport in turmoil as wagering numbers have plummeted, prompting McLaughlan to drive a greater push for Tabcorp towards general sports. For
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AI-powered road safety solutions pave the way for Acusensus revenue bump
Despite economic uncertainties, the demand for road safety solutions continues to grow, contributing to Acusensus’s (ASX: ACE) revenue and earnings for FY24 Founded in 2018, Acusensus designs and develops artificial intelligence-enabled road safety solutions. The Company’s financial performance highlights its focus on strategic initiatives, with an 18% annual increase in revenue to $49.6 million. The
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Archer begins new experiments for its lab-on-a-chip for kidney disease detection
According 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
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Auswide Bank profits dip with loan book stagnation, growth to come following MyState merger
While 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).
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Kogan.com stages a comeback
Kogan.com (ASX: KGN), an Australia e-commerce platform previously welded in losses due to excessive inventory stockpiling, has made a return to profitability for FY24 after pivoting their business towards a more marketplace-centric model. Kogan.com’s revenue declined by 6.1%, reaching $459.7 million compared to $489.2 million in FY23, but this was no concern to the retailer
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Apiam Animal Health delivers record earnings, leverages animal data analytics and streamlines business to drive growth
Australians 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
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PlaySide Studios reports record revenue with new game releases imminent
The 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
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Vysarn turns on the profit tap, eyes acquisitions for further growth of the back of earning surge
There may be doom and gloom around the economy but one certainty is that we’re going to need water no matter what, which has contributed to water service provider Vysarn (ASX: VYS) reporting a big lift in earnings for FY24. For the year ending 30 June 2024, Vysarn reported revenue of $75.9 million, an increase
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Cycliq teams up with BeEmotion to integrate vehicle detection technology into bike cameras
Cycliq (ASX: CYQ) has entered into a 10-year licence agreement with BeEmotion, formerly NVISO Group, to integrate AI technology into its Fly cameras and edge devices. Cycliq is an Australian company that manufactures innovative cycling safety products, including the Fly6 and Fly12 cameras, with a global presence and over 200k products shipped. Founded in 2009,
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G8 Education profits surge amid fee hike increase coinciding with Child Care Subsidy increase, launches share buy back
In a period marked by government initiatives aimed at making child care more affordable for families, nationwide operator G8 Education (ASX: GEM) has reported strong profit growth, benefiting from timely alignment between subsidy policies and the financial realities of child care services. For the Half Year ended 30 June 2024, G8 Education, which operates over
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Lynch Group reveals modest revenue growth and strategic outlook amidst flower market challenges
Lynch Group Holdings (ASX: LGL), a wholesaler and grower of flowers and potted plants in Australia and China, reported modest revenue growth for FY24. Despite their strong performance in Australia, the Company faced challenges in China due to weaker consumer demand and price declines. The Company reported its full-year results for the 12 months ending
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Bioxyne leads the way as Australia’s first manufacturer of pharmaceutical cannabis gummies
Pharmaceutical 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
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Financial strains lead Quickstep to sell aerospace maintenance division
Quickstep Holdings (ASX: QHL) plans to sell its Quickstep Aerospace Services division located in Tullamarine, Victoria, citing ongoing financial challenges and the need to focus on core business areas. Quickstep Aerospace Services (acquired in 2021), provides maintenance, repair, and overhaul services for commercial and defence aircraft. Since its acquisition, QAS has secured several strategic partnerships
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UNITH confirms September launch date for interFace as their digital humans self-service offering
Artificial intelligence company UNITH (ASX: UNT) has officially confirmed the launch date for interFace, its innovative self-service Digital Human platform. Slated for release on 23 September 2024, interFace is a self-service offering that enables businesses to generate and deploy digital humans on their own, that can work 24/7 and converse in multiple languages, powered by
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Shareholders left empty-handed with Booktopia sold by administrators for no return
After 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
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Strategic win for Control Bionics as new HCPCS gets approved for NeuroNode
The Centers for Medicare & Medicaid Services has approved a new Healthcare Common Procedure Coding System code for the NeuroNode, patent technology by Control Bionics (ASX: CBL). This approval, effective from 1 October 2024, introduces a reimbursement rate of US$4,300 for the NeuroNode, a significant enhancement from the previous reimbursement conditions. Control Bionics is a
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Archer Materials advances Biochip technology with new design for manufacturing to be tested in Finland
Australian 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,
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Despite economic uncertainty and high interest rates, Domain delivers bumper FY24 result
As Australia battles economic uncertainty which has seen a major pullback in household spending, mortgages stress is pushing many families to breaking point with a bumper result for property tech company Domain Holdings (ASX: DHG) which has seen more listings at a time when borrowing power is weakened due to high interest rates. For the
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Nido Education flags profit downgrade amid delays in new childcare centre openings
Cost-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
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Firebrick Pharma expands Nasodine reach to Philippines under amended licence
Firebrick Pharma (ASX: FRE) is making waves with its Nasodine Nasal Spray disinfectant, having recently executed an amended licence and distribution agreement to bring the product to the Philippines. The amended agreement with S.V. More Pharma Corporation (SV More) allows for the local manufacture of Nasodine, shifting from its previous importation from Australia. This strategic
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Wellnex Life’s entry into UK wellness market kicks off with first purchase order from Haleon
Australian health company, Wellnex Life (ASX: WNX) has secured a pivotal partnership and received its first purchase order from global provider Haleon to supply Paracetamol Soft Gel Liquid Analgesic to the UK market. In today’s health-conscious world where consumers demand innovative and effective solutions, Wellnex Life’s partnership with Haleon positions the Company at the forefront
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Seven West Media battles for survival amid television landscape turmoil and plummeting earnings
When 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,
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Bio-Gene and Envu join forces to tackle mosquitoes with Flavocide
Bio-Gene Technology Limited (ASX: BGT), an Australian innovator in bio-insecticides, has entered into a strategic collaboration with Envu, a global provider of environmental solutions to evaluate its flagship product Flavocide for use in public and private sector mosquito management. Over half of the global population is at risk from vector-borne diseases like malaria, Zika virus,
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Apiam deploys revolutionary tick and flea preventative for Australian dog owners, a major growth driver for FY25
Australian 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
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Tryptamine Therapeutics’ psilocybin trials deliver pain relief to all patients
With their new name to reflect the journey their patients undergo when treated with psychedelic drugs, Tryptamine Therapeutics (ASX: TYP) has confirmed that all patients suffering from fibromyalgia that took their TRP-8802 drug, an oral psilocybin formulation, demonstrated significant pain relief. The study, conducted in collaboration with the University of Michigan (UOM), was presented at
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GDA toasts to growth with its core business while beer market sags
In a world where craft beverages are celebrated for their diversified tastes, beer remains a timeless favorite. Despite a challenging economic landscape, independent beverage company Good Drinks Australia (ASX: GDA), is brewing a positive financial performance. GDA’s financial growth is experiencing a spike, attributed to its own brand volumes and key strategic initiatives that include
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Flat open expected with US markets unchanged
The 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
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Actinogen’s Phase 2a clinical trial for depression treatment fails to meet primary endpoint, shares tank
Shares in drug development company Actinogen Medical (ASX: ACW) have plummeted following the results release of their Phase 2a clinical trial seeking a treatment for depression which has failed to meet its primary endpoint. In our fast-paced world, balancing a busy work schedule with life’s inevitable ups and downs can be challenging. Drugs for cognitive
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Bailador invests $7.7m in fitness studio management platform Hapana
In a bold move to flex muscles, Bailador Technology (ASX: BTI) has invested $7.7 million in Hapana Holdings, a software platform that promises to make gyms and fitness studios as efficient as a Swiss watch—or at least, that’s the idea. Hapana offers an all-encompassing software solution for gyms and boutique fitness studios, enabling them to
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Shares continue to recover
The 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
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Nick Scali’s 2024 financial rollercoaster features soaring sofas and dipping profits in the luxury furniture circus
Luxury furniture retailer Nick Scali (ASX: NCK) has faced a challenging year, marked by declining revenue but is making strikes in its expansion efforts in its bid to strengthen their position in the high-end furniture market. The Company made strides post-acquisition of Fabb Furniture, particularly in its UK growth strategy. Rodney Orrock, formerly the CEO
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Dammit Fred! PharmX ordered to pay $8.1 million following legal stoush dating back to 2014
A long-running legal dispute involving pharmaceuticals distribution company PharmX Technologies (ASX: PHX) has finally come to an end, and not in favour of shareholders with the Company ordered to pay $8.1 million in damages, interest and legal costs to Fred IT Group Pty Ltd. The Victorian Supreme Court’s Court of Appeal delivered its ruling, resulting
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Amidst a rollercoaster of retail challenges, Myer charts out a plan for growth
Myer Holdings (ASX: MYR) a long-established name in the retail industry, is navigating the stormy seas of a challenging market with docility. As consumers tighten their belts and inflationary pressures mount, Myer’s latest trading update addresses both the hurdles faced and the Company’s keen measures to secure a stable future. In June 2024, Myer made
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Nuheara collapses after failing to renegotiate debt obligations
In 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
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RLF AgTech moves to in-house distribution after ending deal with Rural Liquid Fertilisers
In the ever-turbulent business world, power plays and leadership shake-ups are common, but RLF AgTech (ASX: RLF), an Australian-based plant nutrition company, is in for another ride. In another upheaval, RLF has terminated its Australian distribution agreement with Rural Liquid Fertilisers due to breaches of the agreement by the latter. This termination ends Rural Liquid
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Saunders International secures $52 million worth of new construction contracts in a week
It’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
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HighCom delivers $11.4 million in new ballistics contracts following rocky leadership change
Small 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
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Audinate shares crunched with a transition year forecast as customers seek a move from hardware to software
Despite reporting record revenue, an update from audiovisual equipment company Audinate Group (ASX: AD8) has not been well received by investors having flagged changes to their business model in an attempt to adapt to changing customer needs in the AV industry, away from Audinate’s traditional hardware model. Whilst pandemic aftershocks are still shaking ground for
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TGA acknowledges erectile dysfunction treatment as unmet medical need, fast tracks LTR Pharma’s ED spray
Men 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
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Centuria Capital invests $21 million in data centre business built on liquid cooling
Leaders 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
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Structural Monitoring Systems advances FAA certification for smart sensors in planes
Aerospace engineering company Structural Monitoring Systems (ASX: SMN) has made progress toward obtaining Federal Aviation Administration (FAA) certification for its smart sensor solutions designed for Aft Pressure Bulkhead inspections. The Aft Pressure Bulkhead is a crucial structural component at the rear of the aircraft fuselage, separating the pressurised cabin from the unpressurized tail section. Inspections
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Xamble appoints social commerce expert Jason Thoe as CEO to drive growth in SE Asia
Set 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
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Pentanet speeds up growth as NVIDIA partnership flourishes
Pentanet Limited’s (ASX: 5GG) significant investments in 5G infrastructure and NVIDIA technology has strengthened their balance sheet. The Company’s strategic focus on cloud computing and telecommunications has positioned Pentanet for future expansion. In today’s fast-paced digital world, time is a valuable commodity. Every millisecond counts. Pentanet, a Perth based telecommunication and gaming company understands this,
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AVITA Medical to collaborate with Regenity Biosciences to expand their skin regeneration portfolio
AVITA Medical (ASX: AVH) is set to enhance patient care with its new FDA-cleared collagen-based dermal matrix in collaboration with Regenity Biosciences. This innovative technology will catalyse healing for chronic wounds and severe skin injuries, offering patients quality of care through faster recovery and better skin restoration. “This strategic collaboration significantly strengthens our portfolio and
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UNITH confirms Digital Human public launch by end of 2024 with waitlist of enterprise clients growing
The public launch of artificial intelligence company UNITH’s (ASX: UNT) Digital Human platform is gathering momentum with more than 600 enterprise clients having confirmed their interest in deploying digital humans, powered by conversational AI. UNITH’s Digital Human platform is currently utilised by beta users and a small number of clients that have launched digital humans
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Novatti delivers record revenue for FY24 while slashing expenses by 19% in one year
12 months on from a restructure of their business and leadership overhaul, digital payments company Novatti Group (ASX: NOV) is exceeding expectations by slashing expenses while growing revenue through new commercial wins from businesses seeking to be paid quickly through digital channels. Novatti offers the common merchant services that allow businesses to accept digital payments
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Spacetalk nears completion of turnaround strategy, renegotiates loan for longer runway
Navigating difficult trading conditions and international expansion at the same time, family security tech company Spacetalk (ASX: SPA) is on the cusp of turnaround success after overhauling its leadership team 12 months ago and achieving positive operating cash flow. Spacetalk specialises in wearable devices and software for families. Its core product is a smartwatch designed
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Real estate tech firm RMA Global strategic pivot yields on the verge of positive cash flow
Attempting to manoeuvre a complicated real estate RMA Global (ASX: RMY), is focusing its efforts towards high-performing agents in an attempt to best connect homebuyers with real estate agents by improving their revenue model by leveraging agent analytics. CEO Jim Crisera noted, “The real estate environment continues to be challenging with high interest rates persisting
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Holista Colltech banks on new partners to turn fortunes as food sales struggle
With mixed quarter results for the June quarter, Holista Colltech (ASX: HCT) – a research-driven biotech company, is trying to stay afloat amidst challenges. Dedicated to developing and commercialising innovative food products, the Perth based company has seen a decline of 3.7% in overall sales receipts. With a focus on natural ingredients the company has
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dorsaVi secures $110k in contracts across mining, healthcare, and shipping sectors
Meticulous gathering and analysing of data is not limited to numbers or computers alone; it has now expanded to the realm of human physiology too. Now, imagine a world where every limb movement can be measured and analysed to optimise performance, prevent injuries and enhance workplace safety. This is the realm of dorsaVi (ASX: DVL),
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Orcoda delivers 21% income boost through FY24, flags growth through smart city transport solutions
Transport 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
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Harris Technology surpasses $1 million in sales for refurbished tech products
The Australian retail industry may be witnessing a substantial pullback in discretionary consumer spending but rather than waiting for a return, online retailer Harris Technology (ASX: HT8) has offered low-cost alternatives to brand new products with its refurbished tech products surpassing $1 million in sales. Harris Technology is best known as a tech retailer that
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Genetic Technologies restructures to focus on growth in the US
Ever thought about how your chin resembles your father? Or your eye colour resembles your great grandmother – it’s all in the genes right! Genetics and DNA lie at the heart of biological sciences. Genetic Technologies (ASX: GTG) is initiating a strategic transformation to enhance prospects and financial stability. The plan involves operational restructuring to
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Novatti divests International Bank of Australia for $2.87m to focus on core payments business
Five years after it backed the International Bank of Australia (IBOA) in its banking licence application, digital payments company Novatti Group (ASX: NOV) has pulled the pin on the venture by selling its majority stake for $2.87 million. The decision to exit the venture comes amid a major restructure at Novatti in 2023 which saw
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icetana AI’s global reach expands following product enhancements
“I’ll be back… sooner than you think?” The spectre of Skynet looms large in our collective consciousness, and with artificial intelligence moving at breakneck speed, one might want to know “when will the next terminator arrive?” Artificial intelligence (AI) is no longer a concept confided to science fiction, in fact it has transformed our lives
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Vmoto boosts supply chain power for electric vehicles with investment in Zenion
Global 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
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Anagenics’ signs multi-year exclusive agreement for hair regrowth tech as revenue shows momentum
Australia’s burgeoning beauty, health and wellness markets present a lucrative opportunity for businesses like Anagenics. Over the years Anagenics (ASX: AN1) have evolved from their biotech roots into a dynamic beauty, health and wellness company. In spite of economic challenges that have elicited mindful spending, Australians continue to prioritise self care, with the nation running
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Archer unveils breakthrough testing method for graphene transistors to identify optimal stability and accuracy
Australian semiconductor company Archer Materials (ASX: AXE) has developed a novel graphene transistor test that will produce the most stable and accurate gFETs for future development activities and commercialisation of their biochip for the medical diagnostics industry. The new procedure, designed to scrutinise the gFET sensors under various conditions and electrical operation modes, was developed
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Melodiol moves to clear debt with $12m asset fire sale
In early 2024, Melodiol Global Health (ASX: ME1), formerly known as Creso Pharma, faced scrutiny from the ASX, regarding corporate governance and financial disclosure which led to a major restructure and rebrand, but now the time has come to offload a major asset in an attempt for survival under its mounting debt obligations. Melodiol is
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Mighty Craft collapses amid struggles for craft beer and inability to leverage its stake in Better Beer
Once 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
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Level up your network management with Activeport’s NEO: It’s not just science fiction.
For Activeport (ASX: ATV) – it’s a NEW – oops we meant NEO morning, and no we are not talking about the Matrix! We are talking about Activeport’s anticipated Network Ecosystem Orchestration (NEO) platform, under the Global edge brand. Global Edge is Activeport’s SaaS platform and is set to redefine how enterprises manage their network
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Althea to make a splash in the US with new cannabis-based sodas
First 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
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Lifestyle Communities boss responds to retiree allegations of excessive exit fees
Facing 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
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Michael Hill hope to regain glimmer after clearing old inventory
After a whirlwind of economic unsustainability, jewellery retailer Michael Hill (ASX: MHJ) is ready to glimmer through the turbulence with strategic manoeuvres and operational adjustments releasing their positive sales momentum in recent months. Bolstered by the inclusion of Bevilles stores acquired in mid-2023, overall sales in FY24 have seen a positive performance with a 3.8%
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Archer achieves milestone in 12CQ quantum computing to improve its manufacturability
At 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
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From dusk till dawn, candle retailer comes up with a collaboration that makes FY25 a lollipop
Oh the brewing fragrance of numbers! Well, that’s what dusk’s (ASX: DSK) recent trading update says – to say the least for the latter half of FY24. It has been pungently-challenging for Australian home fragrance retailer dusk, but they are expecting a positive shift despite the chaos. With the second half of FY24, total sales
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Global Health achieves positive cashflow within 18 months of Mathew Cherian’s return
Digital 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
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A match made in wellness – NGS partners with The Healthy Chef for North American expansion
In an over stimulating world, where infinite options can indeed be overwhelming, making an informed decision especially when it comes to our health; can be mentally draining. In this respect, companies like Nutritional Growth Solutions (ASX: NGS), are trying to shape the future of clean eating with their products and collaborations. Recently, NGS, a U.S
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CleanSpace sees sustainable growth with pivot to industrial sectors after the pandemic boom
While many pandemic emergent companies grapple with cautious consumerism and stale demand, CleanSpace (ASX: CSX), a respiratory technology company, breathes a sigh of relief with their 30% sales growth as compared to last year. In April 2024, they launched CleanSpace WORK, their lightest powered respirator, and at a lesser price point. Their new target audience
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Compumedic hits record medtech diagnostics revenue with growth in US and China being targeted
Medical 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
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Love Group delivers more cash flow flow as matchmaking services see resurgence amid digital dating fatigue
In 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
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Aussie Broadband launches Buddy Telco as low-cost challenger brand for internet services
As 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
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CurveBeam AI receives FDA approval for enhanced HiRise scanner
Utilising artificial intelligence in medtech to address orthopaedic diagnostics and procedures, Curvebeam AI (ASX: CVB) has received FDA clearance for its Enhanced HiRise scanner. This approval allows the HiRise imaging scanner to be used in everyday medical practices and paves the way for CurveBeam AI to expand and commercially launch in the US. Infused with
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Coast Entertainment reports highest theme park ticket sales since 2016 despite economic challenges
Bucking 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 MorePublicCoventry Group issues earnings upgrade amid strong business consolidation efforts
Having 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
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Zelira Therapeutics nears clinical trial stage for Autism drug following positive FDA feedback
A 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
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Fleetwood scores $40m Queensland government housing contract
Setting a foundation and shaping Queensland housing market, construction company Fleetwood (ASX: FWD) has won a contract to design, build, and install 60 homes for the Queensland Department of Housing, Local Government, Planning and Public Works. This aligns with Fleetwood’s strategy to expand its presence in the social housing sector and contribute to solving the
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Autism patient conditions improved after 12 weeks of treatment of Neurotech’s drug
Can you make autistic people less autistic? Neurotech International (ASX: NTI) believes so based on data published from their Phase II/III clinical trial of NTI-164 which aims to treat Autism Spectrum Disorder (ASD). ASD is a complex neurodevelopmental condition that can manifest in various ways. From challenges in social interactions, repetitive behaviours, and restricted interests,
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WhiteHawk swoops major client with bookmaker engagement for cyber risk controls
Positioned 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,
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City Chic completes exit from US with Avenue sale to focus on AU/NZ and clearing debt
Plus-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
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Lumos Diagnostics expands FebriDx distribution to Belgium
Lumos Diagnostics (ASX: LDX), known for its rapid point-of-care (POC) diagnostics tests, has expanded its partnership with Henry Schein Medical to add Belgium to its distribution list. This agreement makes FebriDx, a rapid test designed to differentiate viral from bacterial infections, accessible to Belgian healthcare professionals. FebriDx delivers results in 10 minutes from a fingerstick
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Battery additives market being driven by automotive and electronics industry’s need for advanced batteries
According 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%
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Selective breeding leads Murray Cod Australia to produce fish with 80% more biomass
A collaboration between Murray Cod Australia (ASX: MCA) and the CSIRO that commenced in 2021 is yielding positive results for the aquaculture company that is breeding fish up to 80% larger through a selective breeding program to enhance food supply and commercial production efficiency. Ross Anderson, CEO of Murray Cod Australia, said, “Our selective breeding
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Illegal aliens beware, FBR’s bricklaying robot has arrived in the United States
In the backdrop of illegal migration proving a critical battleground in the US Presidential race, illegal labour could soon be replaced by Hadrian X – the bricklaying robot developed by FBR (ASX: FBR) which has just arrived in the United States. The arrival of Hadrian X after a two month voyage by sea comes as
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SCEE expands role in collie battery project with $50M switchyard award
With the global emergence of renewable resources, large-scale battery storage projects are playing a crucial role in enabling a sustainable future. Syncing with this commitment, Southern Cross Electrical Engineering’s (ASX: SXE) subsidiary SCEE Electrical, has been awarded a significant expansion of its role in the Collie Battery Energy Storage System (CBESS 1) project in Western
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Tamawood reports profit surge from residential property development despite Queensland challenges
The 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
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ClearVue powers up sustainability with repeat order from Greenhouse System USA
With environmental challenges on the rise, reducing carbon-footprints sits at the top of the priority list. Sustainability is becoming a major selling point and in a race to reach zero net emissions, the spotlight shines brightly on tech companies emerging with clever solutions that not only mitigate environmental impact but also set new standards for
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Archer Materials gains global exposure at the World Economic Forum tech conference
Archer 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
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One Click Group flooded with customers desperate for FY24 tax refunds
With 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
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Melodiol Global Health reports revenue growth amid wider acceptance of medicinal cannabis products
Recreational cannabis use has been a global topic for debate in the past few years but cannabinoids, a naturally occurring compound in cannabis, are now gaining momentum as a treatment for managing pain, inflammation and various mental health conditions like depression and PTSD. For the past several months, Melodiol Global Health’s (ASX: ME1) subsidiary, Health
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SDI reports profit upgrade with cost cutting measure proving effective
Dental products manufacturer SDI Limited (ASX: SDI), has announced an uplift in expected profit for FY24, following a range of operational initiatives announced four months ago to reduce operating expenses. SDI’s preliminary sales for FY24 (unaudited) revealed a 3.2% increase to $111.4 million, compared to $107.9 million in the previous year, marking a record twelve-month
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Mayne Pharma settles shareholder class action for $38M with no admission of guilt
A 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
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Civmec secures $174 million in multi-sector construction contracts, strengthens order book
Construction and engineering company Civmec (ASX: CVL, SGX: P9D) has continued its momentum, securing streams of new contracts totaling $174 million, across fabrication, manufacturing, construction, and maintenance services in Australia. A significant portion of the awarded contracts centres around the design, manufacture, and offsite assembly of a new shiploader for the Dalrymple Bay Terminal in
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Novatti yields 500+ new merchants for digital payment services from education, hospitality and fitness industries
If you’ve ever sat down at a restaurant and ordered your meal by scanning a QR code on the table, you’ll know it is a major trend in hospitality which has undergone a digital transformation. It’s a trend that digital payments company Novatti Group (ASX: NOV) is thriving in, adding one of the fastest growing QR
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Bailador technology invests $20 million in financial advice platform DASH
In a move to capitalise on the growing fintech space, Bailador Technology Investments (ASX: BTI) has invested $20 million in financial advice platform DASH Technology. This tech investment aligns with DASH’s mission to make financial advisory accessible to a larger Australian audience. A cloud-based financial advice and investment management platform, DASH is growing amongst independent
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Booktopia requests ASX suspension extension amid funding concerns, ACCC fine still not paid off
Australia’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
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Adore Beauty strengthens presence in wellness circles with acquisition of clean beauty brand iKOU
While many of us are on a constant lookout for a beauty routine that rejuvenates both beauty and wellness, some may wonder if this focus on aesthetics improves lifestyle or simply a passing trend? Adore Beauty (ASX: ABY), a leading Australian online beauty retailer, is betting on the former with a $25 million all-cash acquisition
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East 33 issues harvest downgrade as harsh rainfall impacts oyster production volumes
The pandemic may have been detrimental to humans but the oyster population was not immune, decimating aquaculture company East 33 (ASX: E33) which is still navigating the rocky seas of recovery based on their latest trading update. August 2021 tested East 33 beyond their generational knowledge of harvesting oysters. The severe outbreak of an illness,
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Ovanti’s iSentric signs contracts worth $14.4m with Malaysian commercial bank
After 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
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Baby Bunting fights back from retail downturn with 5-year strategy, includes Gen-Z focus and self-funded growth
Australia 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
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CLEO meets with US FDA to develop strategy for ovarian cancer test launch
Ovarian 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
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Airtasker and oOh!media link up in $6m equity-for-advertising deal
Airtasker (ASX: ART), Australia’s leading online marketplace for local services, has entered a strategic media partnership with oOh!media Limited (ASX: OML), a well-known Australian outdoor media company worth $6 million. This tie up will provide Airtasker access to oOh!media’s extensive network of over 35,000 advertising sites all around Australia, covering billboards, street furniture, airports, office
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EROAD signs largest Australasian customer after achieving positive free cash flow
Fleet 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
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Have you heard about agritourism? It’s a growing trend as more city dwellers seek a better understanding or rural life
Rising 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
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Qantas invests in regional fleet to boost connectivity, increasing warfare with REX
Forging 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
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EZZ Life Science cracks the US supplements market: A game changer or a calculated gamble?
Imagine getting access to high-quality supplements for brain focus or essential minerals for your family, all with the backing of a brand that’s shaking up the industry. Yes, that’s the kind of potential impact we are talking about. The US expansion of EZZ Life Science (ASX: EZZ) may be a game-changer for American consumers seeking
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RLF AgTech Directors take collective action to remove largest shareholder Ken Hancock via public process
Don’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
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Cettire shares plummet on trading update, hopes website launch in China can combat local sales decline
Softer 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
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Pacific Smiles overcoming cost-of-living pressures but finally concedes a drop in dentist appointments amid takeover
Despite 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
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HeraMED and Telstra Health come together to launch remote maternity solution HeraCARE
Medical 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
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Mosaic Brands struggles continue as retailer flags lower consumer spending
Australian 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,
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Testing methylone for PTSD treatment: Emyria’s Centre appointed site for clinical trial
Biotechnology 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
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TGA approves Control Bionic’s autonomous wheelchair for commercial sales after NDIS delays
So 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
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Mach7 completes largest renewal program in its history with DocPanel
Medical 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
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APRA to strengthen bank capital requirements and liquidity standards
The 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
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Wrkr secures contract renewal from major client Precision for payroll tech
Workforce compliance company Wrkr (ASX: WKR) has gained a tick of approval for its platform with confirmation that major client Precision Administration Services has renewed its commercial contract with Wrkr for a further 2-years. Precision, which first engaged Wrkr in 2021 and is known for its ‘Beam’ brand, provides essential clearing house and single touch
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International graphene foundry validates Archer’s Biochip towards commercial fabrication
Australian 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
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Vection awarded $1.2m worth of contracts from tech service providers
Between 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
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Quickstep transitions to next phase of multi-year production orders with major contracts
Aerospace 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
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Demand is rising for alternative aircraft shapes to improve electricity generation, would you fly on one?
The 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
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Close the Loop plans global expansion in FY25, eco initiatives in the US, Europe and the Middle East
Takeback 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
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TES Global lobs bid to acquire HR tech company Schrole for $18.1m
After 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
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Vita Life Sciences reports sales growth of $4m as it launches in Vietnam
Pharmaceutical 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
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Titomic secures order from another global defence player for cold spray tech
Increasing 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
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Advanced techniques reshaping the power generation market with biomass
Global 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
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Bubs Australia rebounds in China after CEO fiasco, sees USA growth
Baby 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
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MMA Offshore increases FY24 earnings guidance amid Cyan takeover bid
Marine 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
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Lark appoints Spirits Platform as domestic distributor, forecasts extra $3m revenue in FY24
Australian 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
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Boom Logistics expands push into renewables sector with $12m windfarm contract
Engineering 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
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Singular Health launches new online DICOM viewer with ChatGPT integration
Medical 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
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UNITH’s Digital Human Platform generates strong B2B interest at AWS Summit
Businesses that primarily operate in Spanish have shown a strong interest in artificial intelligence company UNITH (ASX: UNT) and their Digital Human platform as a business solution to target English-speaking audiences without the need to hire additional staff. Invited by Amazon to present at the recent AWS Summit in Barcelona, UNITH showcased its AI capabilities
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Talius receives purchase orders worth $1.5m order for emergency response systems
It’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
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Aurora Labs secures purchase order from Australian Government for 3D printed parts
Industrial 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
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Lithium Iron Phosphate high voltage battery market surging to meet EV adoption demand
Increasing 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
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Shaver Shop secures exclusive distribution rights for Skull Shaver in ANZ
If 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
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Apiam Animal Health partners with Veyx-Pharma to distribute innovative products in Australia
Apiam Animal Health (ASX: AHX) has announced a strategic partnership with the German company Veyx-Pharma to distribute their cutting-edge products across Australia. This agreement marks a significant milestone for both companies as they expand their reach and bring new technology to the Australian market. Over the past six months, Apiam has been rigorously researching Veyx-Pharma’s
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SRG Global awarded $125m worth of new work from existing clients across Australia
Following 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
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SkyCity navigates turbulent casino landscape with earnings downgrade, pauses dividends
At 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
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BlinkLab teams up with Bates College to undertake smartphone test for neurological disorder diagnosis
Digital 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,
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Virtual power plant market driven by extensive use of renewable energy and IoT
According 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
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Arovella completes development for cell therapy platform, moves to large scale manufacturing
Biotech 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
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Wellnex ventures into medicinal cannabis with it’s new Wellness Life brand
Seeking 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
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Harvest Technology launches Nodestream Live for remote video monitoring
After 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
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Visionflex exits PetYeti and GoBookings, forecasts 25% revenue growth
Virtual 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
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AFT to launch Maxigesic Rapid in the United States after IV launch in Feb
Pharmaceutical 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
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Favourable government policies to drive smart meter adoption in India
Favorable 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
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Booktopia to layoff 50 staff in restructure that will reinstate Founder Tony Nash to Executive team
Australia’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
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BetMakers signs two-year market access agreement with Bet365 as latter faces AUSTRAC investigation
Australian 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
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INOVIQ validates exosome therapy to target and kill breast cancer cells
About 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
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EZZ Life Sciences secures $15m deal for health and wellness products to be distributed through SE Asia
Health and wellness products company EZZ Life Science (ASX: EZZ) is set to see its products sold throughout South East Asia having secured a major distribution deal for its human health products from Pinehills. The five-year agreement, which commenced this month, is valued at a minimum of $15 million for the first 12 months, with
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Aspermont launches new products to rejig business following founder death, pushing Anything-as-a-Service
Death 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
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New clients boost Catapult revenue to a milestone $152m, forecasts higher free cash flow in FY25
Thanks 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
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Fluence bags $7.2m contract in Brazil for a water treatment system within a thermal power complex
Wastewater 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
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Shift towards renewable energy drives Saudi Arabia floating solar market expansion
Saudi 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
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Cleo’s ovarian cancer blood test proves more effective than CA125 clinical benchmark and ultrasound
A 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
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Straker introduces AI Cloud and Verify services amid dwindling revenue and lowered sales
In 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
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AD1 secured contract extension with NSW Government for recruitment tech
The 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
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From pain to gain: EPO grants PainChek patent in 20 European nations
Medical 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
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Bailador invests $20m in digital healthcare platform Updoc amid growing telehealth adoption
COVID-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
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Geopolitical tensions and the quest for military superiority motivate nations to invest in hypersonic weapons
According 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
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EMVision analysis confirms hyperacute and acute ischaemia stroke detection capabilities
Ischaemia 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
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Genetic Signatures halts development of US respiratory product due to competition
Global 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.
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PYC Therapeutics receives Orphan Drug Designation for ADOA treatment
PYC 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
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PlaySide Studios to develop Game of Thrones strategy game with Warner Bros
Winter 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
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EROAD’s price hikes boost cash flow, expects cash flow positivity
After 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
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The Reject Shop earnings dip by over $10m as cost of living bites
In 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?
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University working with UNITH for AI-powered Digital Professors to address burgeoning student demand
University students in South America may soon have greater access to high quality tertiary education with artificial intelligence company UNITH (ASX: UNT) confirming it is in discussions with a University to deploy Digital Professors that will be powered by conversational AI. The University, which was not named due to the sensitivity of commercial discussions, cited
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Webjet to demerge Webbeds to create new ASX listing as travel disruption proving highly profitable
Global 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
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Plenti replaces offshore operations with automation, launches new NAB car loan product
FinTech 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
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Solar to be the dominant player in India’s renewable energy market
Growing 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
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Nvidia set to deliver big this week, but will Jensen’s AI chip plans be upset by others?
Sharemarket 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
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EchoIQ develops AI to detect heart failure, lays out FDA pathway
In 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
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Telstra to lay off 2800 workforce, set to boost AI adoption to streamline its business model
In 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
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Story-i’s Indonesian venture collapses, calls in receivers with $3.5 million of unpaid liabilities
If they weren’t already one of the most confusing companies to be listed on the ASX, retailer Story-I (ASX: SRY) is likely to undergo wholesale changes following their exit from Indonesia where their primary business operates as a technology products reseller, leaving behind more than $3.5 million in unpaid liabilities. The departure comes following the
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Avada downgrades FY24 guidance in light of union activity, bad weather and cancellations
Project 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
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InteliCare expands aged care pilot program to full site deployment in $2.1m contract win
Australian 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
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Federal government cracks down on international student visas, NextEd foresees difficulties
Over 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
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Agricultural pheromones market sees rapid expansion with IoT and AI integration
Adoption & 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
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Orcoda’s Future Fleet bags new sales orders exceeding $640k in six weeks
In 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
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Federal budget’s funding boost for HIV self-testing kit ups Atomo Diagnostics morale
By 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
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Rate cuts look more likely as US CPI falls
The 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
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RAS Technology founders sell down 3 million shares following new contracts
One 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
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Innlanz to delist from the ASX, shareholders given option to cash out in buy-back
Hospitality 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
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BPH Global launches pilot study for adult milk powder infused with raw birds’ nest and seaweed in China
While 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
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Virtual girlfriends and beyond: Fatfish to acquire 51% stake in AI Gaming Co for $2.8m to enter genAI gaming
If 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
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MaxiPARTS struggles with cost pressures due to slowdown in transport activity
Though 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 MorePublicSCEE increases exposure to data centres through MDE Group acquisition for $10.5m
After 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
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Optiscan signs know-how agreement with Mayo Clinic to develop breast cancer tech
In 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
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Agriculture enzymes market ready to benefit from organic food inclination
Increasing 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
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April 2024 Monthly Wrap: Economic growth slows to a near 2-year low as inflation growth delays interest rate cuts
Households 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
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Chairman explains cap raise was the only alternative to voluntary administration for Wide Open Agriculture
The 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
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Motio boosts revenue target amid division-wide growth of advertising services
Digital-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
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UNITH launches API for its digital humans to be integrated into the world’s largest online platforms
Artificial 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
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Archer and the World Economic Forum flag groundbreaking strategies for rewiring global value chains
According 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
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Trajan sees demand for life science products soften, hopeful for rebound next year
Melbourne-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
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Hybrid solar wind systems – the reliable power alternative in remote locations
Global 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
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Australians putting animals first as Apiam revenue and earnings resilience defy economic headwinds
Despite 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
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Lockheed Martin to integrate Elsight’s Halo to boost connectivity and efficiency for clients
In 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
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AF Legal records first loss in 15 months due to major employee turnover and fewer cases to work
Losing 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
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SKS Technologies wins Australian air force contracts worth $11 million
Electrical 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
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Candy Club to acquire Scalare Partners and change name in back door listing
The 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
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Lumos completes phase 1 of developing premature birth detection test
A 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
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Weakening economy leads RV dealer thl to reduce profit guidance by $20m
Rising 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
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Count’s $45.3m Diverger acquisition to bring in more cost benefits than expected
Since 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
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Middle Eastern government agency places largest Senetas order for encryption tech
A 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
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Little Green Pharma rejoices at US recommendation to reclassify weed as less dangerous
Word 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
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Taylor Swift, leisure travel and more boost Helloworld earnings in March quarter
Even 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
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Analysing growth opportunities in the delivery drones industry
The 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,
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Intelligent Monitoring Group to revive the 2017 retired Signature Security brand in $2.5m Adeva acquisition
Sometimes, 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
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Fried chicken and pizza show immunity to ABS retail data as Restaurant Brands reports fast food revenue bump
Consumer 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
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Marley Spoon pulls back discounts, focuses on richer customers for meal kit service
Meal 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
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Markets fall after further inflationary data, FED meeting tonight
The 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
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Forbidden Foods boosts snack bar supply, cuts costs with Edenvale supply agreement
After 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
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xReality locks in US contracts for VR systems, makes a bid for Department of Defence
The 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
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Novatti reports record $12.4m revenue with new commercial strategy delivering more client wins
Since undertaking a major business transformation that saw Novatti Group (ASX: NOV) reset its commercial strategy towards a market-led, customer focus, the digital payments company has reported a new record for quarterly revenue, made more impressive amid a cost-cutting program.. For the quarter ended 31 March 2024, Novatti reported $12.4 million revenue. It was the
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Archer develops precision sensing technology for 12CQ chip
Semiconductor 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
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Adore Beauty CEO steps down but FY24 financials remain on track with sales via app rising
Beauty 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
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RentPay surpasses $250 million worth of payments on platform
House-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
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Harris Technology sees jump in refurbished IT product sales amid cost of living pressures
In 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
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As global tensions rise, archTIS sees revenue surge driven by demand for information security services
By 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
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Austco to fast-track hospital sales in Aus with $10.6m acquisition of Amentco
After 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
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Articore sees lower marketplace revenue, negative cash flow owing to seasonality
Last 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,
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IXUP bags $4m in funding round, enters cash flow positivity in Q3 and gears up for wagering tech commercialisation
Thanks 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
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UNITH prepares for public launch of Digital Human Platform with major website upgrade
A public launch of the Digital Human platform is edging closer with artificial intelligence company UNITH (ASX: UNT) rolling out a major website upgrade, designed for integration of their platform that will make AI-powered digital humans accessible to all business owners. The recent unveiling of unith.ai demonstrates a range of embedded digital humans that showcase
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IG study shows ASX traders most bullish since January 2022
The 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
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MedAdvisor reports strong quarter thanks to US vaccine programs and Aus transaction fees
Following 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
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Zoono secures first UK supermarket customer for shelflife extension tech with OSY
About 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.
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Distributed energy resource management systems – what are they?
According 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
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Genetic Signatures receives TGA nod for updated respiratory kit in time for influenza season
Flu 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
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Felix awarded new contracts as supply chain reporting becomes mandatory
SaaS-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
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Booktopia reports soft quarter after Black Friday season as Aussies opt for more cost-effective literature
Young 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,
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Vection secures $500k contracts for extended reality naval maintenance tech
Some 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
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Xpon’s MarTech products result in new clients and greater margins, new board to helm growth
As 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
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Toys‘R’Us initiates restructuring efforts, eyes UK market exit growth and share consolidation
Toys 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
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Military computers market set to grow amid rising demand for intelligence applications in defence
The 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
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YPB introduces beverage recycling tech to Kenya, paving the way for Africa
As 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
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Dubber shares resume trading with $26m still unaccounted for, CEO sacked and capital raise
Call 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
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Firebrick’s nasal hygiene spray launched in the US without FDA approvals
Pharmaceutical 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
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Zip earnings jump thanks to US uptake, signs on new merchants, Temu and JB Hi-Fi too
Aussies 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
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Love Group launches innovative dating app ‘Ever’ in Singapore, eyes expansion to Hong Kong
Singles 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
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Macmahon to acquire Decmil group for $47 million to expand civil business
Mining 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
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Coventry Group to acquire Steelmasters for $42.1 million, set to boost revenue and portfolio
Industrial 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
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De.mem plans global expansion with NSF certification for water treatment tech
International 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
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US falls on inflation worries, XJO to open lower
The 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
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Saferoads partners with TrafFix Devices for distribution of road barriers to North America
The 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
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Top Shelf secured $5m from sale of Whitsundays agave farmland for debt reduction
Australian 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
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Hit the Butn: B2B lender sees platform growth with rise in new SME registrations
There 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
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Genetic Technologies to pilot GeneType in US breast screening centres
Molecular 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
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SciDev to provide water treatment solutions to Ventia in $2m revenue opportunity
Water 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
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RocketDNA deploys first batch of xBots for Australia and Africa, second batch scheduled
Global 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
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Hong Kong authorities dismiss case into Credit Intelligence brought upon by former CEO and Founder
The Hong Kong Official Receiver’s Office (ORO) has concluded its investigation into the allegations made by Mr. Ka Sek Wong (Jimmie Wong), the former CEO of Credit Intelligence (ASX: CI1), finding no evidence of material irregularity in the Company’s operations. This outcome follows a turbulent period for Credit Intelligence, marked by legal actions and complaints
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Novatti lands client wins from food delivery and BNPL sectors, alongside payments growth in New Zealand
Since 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
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Melodiol’s Health House Australia enlists supplier, prepares for the launch of a medical cannabis clinic
Over 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
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Preclinical data indicates Patrys’s therapeutic safely reduces inflammation in autoimmune disease
Melbourne-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
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Small arms and light weapons market demand propelled by military modernisation
According 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
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Viva Leisure enters Northern Territory with $5.2m gym acquisition and its 5,000 members
Australia 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
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Qoria rejects acquisition proposal from US private investment firm K1, cites undervaluation
Australian 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
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Chimeric Therapeutics granted US patent for its blood cancer technology
The 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
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Monthly Economic Wrap: Rate cuts, a Chinese nuclear arsenal and impending TikTok ban
Global 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
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Small cap MD buys $1 million of shares with no discount as business transformation takes shape
In 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
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RooLife signs deal with China eCommerce company Fujian Jushi to sell portfolio
Food 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
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Environmental Clean Tech and ESG team up to develop affordable soil health products
The 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
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Mobile power bank market to be dominated by wireless segment soon as we average 7 hours of daily screen time
Increasing 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
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Mighty Craft signs deal to sell Mismatch and 78 Degrees for $7.2m
Battling 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
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IXUP lands commercial partnership with US Integrity to regulate sports betting in America
The 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
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OpenLearning to boost student acquisition with three online education marketplaces acquired
In 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)
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Cogstate buys back exclusive rights to its brain health testing tech from Eisai
Neuroscience 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
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OneView Healthcare expands agreement with Inova Health to service 1900 more hospital beds
Hospital 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
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Amid dwindling cash reserves, Envirosuite integrates EVS Water products
Parched 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
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Resonance Health commences collaboration with Micron to tap into Japan’s biopharmaceuticals market
Medical 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.
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Farming biotech in crop genetics and precision agriculture to drive the global Agroscience market
According 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
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Amplia reports results from initial clinical trials of pancreatic cancer drug
Australian 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
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Osteopore wins Singapore and Vietnam market approvals to sell ortho products
Over 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
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UNITH appoints former Microsoft VP to Board after oversubscribed cap raise is scaled back
As artificial intelligence (AI) looms as the biggest disrupter to business over the next decade, AI company UNITH (ASX: UNT) has appointed former Microsoft executive Gary Cox to its Board of Directors, a notable move with Microsoft now one of the world’s biggest players in the space. Cox brings more than 35 years of tech
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The Royal Netherlands Army places $1.2m order for Titomic’s D523 to aid Ukraine
Melbourne-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
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Veris leads consortium to become Digital Twin Victoria Innovation Partner, eyes more States
Spatial 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
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RPM Automotive Group secures tyre distribution deal with Yokohama
With 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,
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Archer Materials teams up with EPFL to build precision microsensors
Australian 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,
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Xref adds graduate qualification checks and background checks to newly launched Trust Marketplace
Global 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
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Field Solutions locks in first five-year Tas government contract worth $1.3m
Aussie 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
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BlueBet scores first US sportsbook deal with Green Savoree Mid-Ohio
Online 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
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Toys‘R’Us to acquire key assets of arts and crafts business RIOT for $597k
E-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
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Adacel receives $10.2m order for training simulations from Federal Aviation Administration
After 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
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Softer infant formula demand in Middle East, China and EU squeeze Clover’s profits
In 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
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Universal Biosensors receives FDA approval for its blood coagulation device
Aussie 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
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Pentanet teams up with NVIDIA to expand global graphics delivery network
Perth-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
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LTR Pharma doses first patient with Erectile Dysfunction nasal spray
In 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
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Energy management is propelling the smart buildings market at 25.7% CAGR by 2028
The 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
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Vitura’s Cortexa becomes first Aus company to supply ecstasy and magic mushrooms under TGA’s prescriber scheme
In 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
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dorsaVi’s movement tracking platform can now track facial features
While 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
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Eureka dismisses takeover offer, citing undervaluation and growth opportunity for affordable housing development
Affordable 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
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Innodata pulls bid after Appen is forced to breach confidential details to ASX
After 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
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Forbidden Foods inks deal with Edenvale Food to boost production of snack bars and cut costs
Battling 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
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Autonomous underwater vehicle market to drive offshore oil and gas exploration
The 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,
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LBT’s APAS PharmaQC product using AI for microbiology now commercially ready
In 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
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Parkway bids for profitability, acquires Tankweld for $2.6m
Aussie 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
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Investors back UNITH with $2.57m for its Digital Human platform, announces more AI milestones
As artificial intelligence (AI) looms as the biggest disrupter to business over the next decade, Australian investors have been closely monitoring the ASX with brokers Evolution Capital confirming they will fully underwrite a $2.7m capital raise by AI company UNITH (ASX: UNT) The commitment to fully underwrite comes with UNITH and Evolution having worked together
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Adamantem tags in with competing bid with Rouse in fight to acquire QANTM
Since 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
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Rex teams up with Etihad Airways to expand global connectivity
In 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
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Defense Support and Auxiliary Equipment Market to Grow at 6.74% CAGR By 2029
Technological 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
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Mesoblast receives FDA support for accelerated approval pathway for heart failure treatment
Biotech company Mesoblast (ASX: MSB) has received positive feedback from the US Food and Drug Administration (FDA) for a new heart failure treatment called rexlemestrocel-L. This treatment aims to help people with severe heart failure, particularly those who have reached the end stages of the condition. Heart failure affects millions of people worldwide, with many
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Archer Materials reduces size of biochip gFET chip by 97%
Semiconductor 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.
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Magic mushrooms company Tryp prepares for ASX listing via $14.3m backdoor merger with Exopharm
Canadian 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
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How Algorae is using AI and supercomputers to transform medicine
The 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
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Carly Holdings’ EV Trial targets aspiring EV buyers
Most 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
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Can cannabis cure insomnia? Avecho gets ethics approval to test in Phase 3 trials
For 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
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Tourism Holding divests share in Camplify due to lack of return on funds
On 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.
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Rent.com.au expands RentPay to include digital wallets to meet demand for flexible payment options
With more than 500,000 migrants arriving in Australia annually, most on student and working visas quickly find that housing becomes their largest expense while trying to integrate into a new culture. It’s why so many get slugged by exorbitant foreign exchange and admin fees when trying to navigate Australia’s banking system, and also why Rent.com.au
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Atomo’s HIV self-test kits head to low income countries with $970k Viatris order
Medical 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
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Zoono and OSY team up to tackle food waste in exclusive agreement
Despite 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
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Cynata recruits first patient for Phase 2 trial of stem cells for graft vs host disease
Aussie 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
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Revasum extends voluntary suspension in pursuit of takeover offer
While the artificial intelligence industry has been a big winner from the bumper financials delivered by semiconductor company NVIDIA last month, shareholders of semiconductor equipment firm Revasum (ASX: RVS) are still waiting to see the share price gains delivered by peers. The wait could take another two weeks, with Revasum extending its voluntary suspension in
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Beforepay launches Carrington Labs, aims to revolutionise B2B lending with artificial intelligence modelling
With 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
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Cost reductions, new management and more: Jayride’s strategic review brings hope
Online 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,
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FBR and Liebherr sign a maintenance agreement for the Hadrian X robot before its US debut
Instead 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
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Dubber uncovers financial anomaly, immediately attempts to recoup $26.6m and suspends CEO
Dubber 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
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From Families to Funerals: AF Legal to acquire will disputes division of Armstrong Legal for $3.7m
Australian 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
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UNITH to integrate Digital Human platform with WordPress and Shopify plugins
In an ever-expanding digital landscape, artificial intelligence company UNITH (ASX: UNT) is poised to integrate its Digital Human platform with two of the world’s largest online platforms. Through new plugins, UNITH digital humans will be effortless to deploy by WordPress and Shopify users, leveraging their widespread adoption to propel AI-powered digital humans to new heights.
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Capitol Health pulls the plug on unprofitable sites, focuses on larger clinics and acquisitions
In 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
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Aussies look for simple online tax return systems, One Click’s revenue surges
Most 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
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Booktopia sales plummet as Australians say no to books as Christmas presents
They 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
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Harris Technology reports surge in profit margins on tech products despite economic headwinds
Amidst 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
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Novatti’s business transformation takes shape under new leadership with revenue up and expenses down
Since undertaking its first major leadership change since listing on the ASX, digital payments company Novatti Group (ASX: NOV) has reported encouraging results, six months into a business transformation that has streamlined the previously fragmented fintech. For the Half Year ended 31 December 2023, Novatti generated $21.4 million in sales revenue which represented a 12.1%
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Next Science sees wound care sales quadruple, boosts investment in direct sales
Sydney-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
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Fleetwood returns to profitability, boosted by buildings and communities
Amid 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
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City Chic sees sharp revenue fall amid dwindling consumer confidence
Plus-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
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Revenue increases, occupancy remains flat: G8 carries on with divestments and fee hikes in CY24
After 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
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TZ Limited swings back into profitability after global restructure to capitalise on smart locker demand
With 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
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Auswide Bank sees NPAT decline by over 45% in the face of tough competition
From 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
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No discount? No deal: Value-oriented customers leave Adairs in the lurch
Who 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
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Devastating storms and cancellations see Coast Entertainment’s earnings decline
With 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
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Monash IVF sees surge in LGBT+ patient registrations amidst strong revenue growth
A 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
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LaserBond expands into Western Australia with strategic investment into Gateway Parts and Services
Perth-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
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In-store theft rises as The Reject Shop cites the impact of shrinkage on margins
At 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
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Lark Distilling gears up to enter Singapore, Indonesia and more Asian regions
Due 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
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UniLodge partners with Novatti, enabling international students to pay bills from digital wallets with fixed fees
Australia is currently home to more than 850,000 international students, as one of the world’s most sought after countries for higher education, generating more than $38.9 billion per annum. For many of these students, adapting to a new culture is extremely difficult and why student services business UniLodge has teamed up with digital payments company
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Strong demand for leisure travel in Aus and NZ drives Helloworld’s revenue doubles and earnings return
Coming 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
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Lower customer spending affecting lottery uptake, says The Lottery Corp
How 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
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Labour shortages and cost inflation slug Integral Diagnostics, hopes for better second half than first
Australia’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,
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A hot winter not great for KMD Brands with poor Kathmandu sales delivering a disappointing result
At 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
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Bubbas cop economic pressure as Baby Bunting sales struggle, profits squeezed
Once 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
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Victor Group invests $2m in FinTech company LIT, eyes Southeast Asia expansion
Cloud-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
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More sites under management, Smart Parking sees revenue surge by 20%
After 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
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Abacus Storage King reports nine acquisitions in H1 FY24 in bid to assert self-storage dominance
Owing 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
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Seven West Media to invest over $9m in Mad Paws to boost reach via ads
Pet 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
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Chatting with Asset Manager Tom Milner and how he’s overseen $1 billion paid in dividends
In a recent podcast episode , I chatted with Tom Milner, Portfolio Manager at Contact Asset Manager, to explore the evolution and investment strategies of his firm. As they commemorated the 20th anniversary of BKI Investment Company's (ASX: BKI) listing in 2003, Tom detailed the company's journey from a $172 million market cap to anRead MorePublic
Syntara partners with University of Newcastle and ALLG to reduce blood transfusion dependence in blood cancer patients
Blood 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
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Cambium Bio to enter ASX through backdoor listing via merger with Regeneus to treat dry eye disease
If 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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International Bank of Australia continues funding round with valuation uplift for Novatti
The International Bank of Australia could soon be the next challenger bank set to take on the traditional banking landscape with investors keen for a slice of the digital bank which is in the middle of a funding round, most recently raising at a pre-money valuation of $24.7 million. International Bank of Australia (IBoA) was
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Aussie real estate market signals return to growth with Domain revenue up 11%
Rounding up the first half of FY24, digital real estate portal Domain (ASX: DHG) was relieved to find a positive environment in Sydney and Melbourne, with early signs of improvement in smaller markets. As buyers dealt with higher interest rates and cost of living, demand continued to soar, benefitting real estate companies. Domain reported a
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Airtasker’s Journey: An interview with co-founder and CEO Tim Fung
As part of a recent Sydney trip, I chatted with Tim Fung, co-founder and CEO of Airtasker (ASX: ART), to discuss the platform's transformative journey from a local concept to a flourishing global marketplace. Airtasker, renowned for connecting individuals with a broad spectrum of service needs to those willing to fulfill them, has seen remarkableRead MorePublic
Platinum Asset Management sees cancer treatment potential, boosts stake in Syntara to 19.24%
Heads have turned in biotech circles with an ASX filing confirming that Platinum Asset Management has increased its stake in clinical-stage drug developer Syntara to 19.24%, fresh off the commencement of a Phase 2a clinical study that has the potential to become a new treatment for patients diagnosed with myelofibrosis (bone marrow cancer). The combination
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Seek maintains revenue ambitions despite businesses finding cheaper alternatives to job advertising
It is not just a tough environment for job seekers but also for job portals like SEEK (ASX: SEK), which are grappling with lowered ad revenue. In H1 FY24, SEEK reported a 5% decline in revenue compared to H1 FY23, totaling $596.8 million. EBITDA saw an 11% decline to $252.9 million, while net profit after
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Seven revenue and profits continue decline as Aussies streaming services pinch eyeballs and advertising demand
As more Aussies turn to streaming services, traditional TV networks like Seven West Media (ASX: SWM) are facing tough times. Less people are watching TV, which means less money spent on ads, hitting Seven’s finances hard. Last year, Australian TV ads dropped by 8%, while the total TV market declined by 9%, reflecting the trend
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HighCom flags profit downgrade despite global conflicts driving demand for body armour
War may be ravaging through parts of the Middle East and Ukraine, prompting many contract wins over the past 12 months but that hasn’t translated into profit for body armour and ballistics manufacturer HighCom (ASX: HCL) which has confirmed large losses are now anticipated. The profit downgrade, which HighCom announced after the market closed on
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Cheaper pap smears for Saudi women as TruScreen gets reimbursement approval from insurers
In a much-needed and laudable development for women’s healthcare in Saudi Arabia, medical devices company TruScreen’s (ASX: TRU) distributor, Bettalife, has successfully obtained reimbursement approval from the majority of private health insurance companies in the country. With reimbursement in place, women who are insured and opt for TruScreen over the conventional Pap Smear will receive
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Appen announces a plan for a Google-less FY24 and beyond
After losing a major customer contract with Google, machine intelligence and data company Appen (ASX: APX) has been taking proactive steps to address its financial impact. On January 20, 2024, Appen received notice from Google LLC that, as part of a strategic review process, Google would be terminating its global inbound services contract with Appen.
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Nido secures $67m debt facility to boost acquisitions as ACCC cracks down on misuse of childcare subsidies
In the face of a mounting affordability crisis, childcare operators are being scrutinised for potentially exploiting government-mandated relief meant for struggling parents. However, regulatory changes could soon put an end to this. A parliamentary inquiry is set to delve into concerns about childcare centres hiking fees whenever subsidies increase. This move comes as Australian parents
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UNITH’s investment in generative AI sees 100% growth, driven by AudioStack’s synthetic audio and voice cloning
Artificial intelligence company UNITH (ASX: UNT) has witnessed a 100% increase in the value of its investment in AudioStack, a testament to its foresight in the realm of generative AI with UNITH’s 9.7% rising to $3.9m, up from $2m in just 8 months. AudioStack, formerly known as Aflorithmic Labs, recently concluded a significant pre-Series A
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SP500 flat at 5,000, XJO to open flat
The XJO is expected to open flat this morning following an uneventful night of trading in the U.S. Their futures are flat this morning. With little to go off last night, our market is likely in no mood to make any real decisions today. Key Asian markets are in the red this morning, so with
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Genus wins $40m project to develop solar farm and substation on Queensland crown land
National essential power and communications infrastructure provider GenusPlus (ASX: GNP) has secured a $40 million contract from ACCIONA Energia for the design and construction of the Substation Works for the Aldoga Solar Farm project in Queensland. The development of the Aldoga Solar Farm and its 275kV Substation (for electrical generation and distribution) represents a significant
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REA reports 18% revenue growth despite housing market volatility, expects slower second half
Despite the ongoing volatility in the real estate market (if you’ve been house hunting, you already know), digital property group REA Group (ASX: REA) has shown strong results in H1 FY24, driven by greater demand and higher prices. Compared to H1 FY23, the Company saw an 18% surge in revenue to $726 million, coupled with
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Sequoia Financial Group launches legal action against former employee, seeks $3.5m in damages
Things may not have been as they appeared on the surface when Sequoia Financial Group (ASX: SEQ) acquired three media businesses in 2022 before an internal matter entered the public space via former employee Tim McGowen, who is now being sued by Sequoia to the tune of $3.5 million. Sequoia has commenced legal action against
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Cettire plans China entry after reporting strongest half year result
Luxury retail platform Cettire (ASX: CTT) is coming off a pretty successful first half FY24—a remarkable feat at a time when luxury spending has taken a backseat. The Company saw a major uptick in gross revenue, reaching $460.5 million, a 90% increase compared to the previous corresponding period. Sales revenue also soared to $354.3 million,
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Is beer a thing of the past? Good Drinks Australia says it’s getting there
Are you no longer reaching out for pints when you head out? You’re not alone. The cost-of-living crisis has hit the beer, and companies like independent brewers Good Drinks Australia (ASX: GDA) are having to navigate the new consumer sentiment. In fact, reports suggest that Aussies are slowing down their alcohol intake altogether, with more
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Janison inks $45m deal with NSW Department of Education to deliver computer-based testing
Aussie EdTech company Janison Education Group (ASX: JAN) has clinched a major deal with the NSW Department of Education and Cambridge University Press & Assessment. The partnership aims to modernise the state’s selective education placement tests by leveraging Janison’s digital assessment platform. The agreement—which is the outcome of a competitive tender process—designates Janison to handle
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Taking AdVantage: BetMakers and PA Betting join forces to introduce global wagering platform
Wagering tech company BetMakers Technology (ASX: BET) has unveiled a five-year partnership with PA Betting Services, a division of the UK-based PA Media Group. The duo is gearing up to launch a broadcast streaming and wagering platform for intended distribution into world racing markets. The platform, dubbed “The AdVantage Platform”, will combine the latest wagering
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New campuses, courses and strategies: NextEd gears up for increased international student intake in 2024
Australian tertiary education provider NextEd Group (ASX: NXD) is all set up for the new student intake season. It has secured regulatory accreditation for three new vocational healthcare courses—aged care, individual support, and community services—to cater to international students. With marketing efforts in full swing, targeting English language students and using recruitment agency networks, the
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MCS Services shifts focus to national clients, plans sale of regional security company for $3 million
Security and traffic services provider MCS Services (ASX: MSG) has entered into a conditional agreement to sell its security business for a cash consideration of $3 million to Vibrant Services. MCS Security Group is the Company’s wholly-owned subsidiary and a leading supplier of security services at commercial property sites and retail shopping centres, principally in
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Pentanet reports 7% revenue growth in H1, looks to control churn rate
When 5G tech was introduced, Australia became the first country in the southern hemisphere to adopt it. Around four in five Australians have access to 5G already and by 2025, 95% are set to have 5G coverage. Companies like Perth-based telecommunication and gaming company, Pentanet (ASX: 5GG) are at the forefront of this adoption. In
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Nanoveu receives two orders from South Korean company, demonstrates tech in the US
Deloitte’s report on the fourth industrial revolution revealed that 44% of Chief Experience Officers expect a significant impact from nanotechnology on their organisations. These impacts could be across a range of industries from healthcare to entertainment. For instance, ever wondered how cool it would be if you could convert the videos on your phone into
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Thrive Tribe adds new features to Instagram-like wellness app to improve user experience
Sydney-based HR and wellness company Thrive Tribe Technology (ASX: 1TT) has been driving the development of its Sixty app in Q2 FY24. Besides improving existing features, like user-friendly dashboards and a convenient storage library, efforts have been focused on expanding the Sixty platform to elevate the overall user experience. Last year, Thrive Tribe went full
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UNITH sets stage for mass adoption of digital humans with big interest from recruiters
In a major stride towards redefining the landscape of artificial intelligence, UNITH (ASX: UNT) has achieved a significant milestone with the soft launch of its self-service Digital Human platform. The controlled soft launch, aimed at a select group of users and clients, has already demonstrated promising results, leading to an expansion of licences by existing
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Fluence halts Israel operations, posts best quarter performance in Q4 CY23
After zooming out and reviewing the Company’s strategic moves, wastewater solutions company Fluence (ASX: FLC) took a new approach to CY23, highlighting new products and strategic realignments. And the results seem to be returning a major thumbs up. Q4 CY23 marked Fluence’s strongest financial and operational quarter of the year. The quarter saw revenues of
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Novatti’s strategic moves pave the way for positive cash flow amidst $4m in cost reductions
Just six months after undertaking a leadership transition to install a leading digital payment executive Mark Healy at the helm of Novatti Group (ASX: NOV), the Melbourne-based fintech has a clear line of sight to positive cash flow having undertaken an internal restructure. Novatti has strategically positioned itself to achieve its ambitious cash flow positive
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New products, new partnerships: EZZ sees sales growth in Q2 FY24
Genomic life science company EZZ Life Science Holdings Limited (ASX: EZZ) has demonstrated strong financial performance in the second quarter of FY24, with a focus on key health challenges and strategic expansions. EZZ closed Q2 FY24 with $13.6 million in cash inflows from customers, marking a 57% increase from the same quarter last year and
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Archer Materials primed to deliver on chip tech milestones and manufacturing runs
If you’re somewhat versed in the tech world, you have probably heard terms like semiconductors, quantum computing and bioelectronics, and their potential to change the world. While some companies might suggest that these have a long way to go before they are usable by the layman, Archer Materials is readying to inject them into our
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Renewed online focus proves profitable for Mosaic, sees 50% NPAT growth in H1 FY24
Even as discretionary spending takes a hit, fashion retail company Mosaic Brands (ASX: MOZ) has come out strong, ending the first half of FY24 with a 50% increase in its Net Profit After Tax (NPAT) on PCP. As per its recently released unaudited trading update, the Company expects to report an approximate NPAT of $5.9
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BlueBet has launched in Louisiana, responds to merger speculations
In a major stride towards its ‘Capital Lite’ US market entry strategy, mobile-first online wagering provider BlueBet Holdings (ASX: BBT) said that its wholly-owned subsidiary, BlueBet Louisiana LLC is now licensed to operate in Louisiana. Under the ClutchBet B2C brand, the subsidiary has already accepted its first wagers, marking Louisiana as the third US state
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HIV, Covid and pregnancy tests drive Atomo revenue growth in Q2 FY24
Aussie medical device company Atomo Diagnostics (ASX: AT1), which provides rapid diagnostic tests, witnessed strong growth in revenue and margins across its business ventures, especially its HIV Self-Test business. Thanks to improved awareness and accessibility, the self-test sold over 130,000 units in Q2 FY24, ending December 2023. The sales were primarily in high-value developed markets
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SEEK’s Certsy teams up with Xref to simplify reference checks in hiring processes
Job hunting is a painful process. From the time you send in your application to when you hear back for an interview, provide references and sign the official contract—it could take months. It’s a frustrating process that some employment portals are aiming to simplify and, most importantly, speed up. Certsy, a SEEK (ASX: SEK)-owned credential
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US-based Devo to incorporate Prophecy’s cybersecurity solution to boost threat detection
In a move to enhance threat detection capabilities, Devo Technology, a US-based security data analytics company, is set to integrate Snare, the cybersecurity solution from business software developer Prophecy International Holdings (ASX: PRO). The collaboration aims to offer accelerated threat detection and response, strengthening the global cybersecurity landscape. With the global cybersecurity market projected to
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Respiri and Echo IQ team up to expand into the US with heart disease detection and remote post-consultation care
AI and medical technology firm Echo IQ Limited (ASX: EIQ) has inked a commercial licensing agreement with respiratory health MedTech company Respiri Limited (ASX: RSH) to incorporate Echo IQ’s EchoSolv cardiovascular decision support into Respiri’s remote patient monitoring (RPM) user base. As per the agreement, Respiri will integrate EchoSolv cardiovascular solutions into its U.S. Remote
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Novatti consolidates it’s digital finance portfolio as AUDD closes pre-seed funding round at $600k
Rising interest in blockchain-based digital finance has seen AUDD close its pre-seed funding round at $600k as investors sought to increase their early stage-investment in the business. In the two years since its inception, the AUDD multichain stablecoin has rapidly gained traction in the market, exceeding more than $25 million in payments volume, within just
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Harris Technology surges ahead with consecutive cash flow positive quarters as demand for low-cost tech grows
As Australia has grappled with extreme cost-of-living pressures prompted by rising interest rates and inflation, eCommerce company Harris Technology (ASX: HT8) has demonstrated resilience and strategic prowess to deliver consecutive cash flow positive quarters, expanding its low-cost alternative tech products that have proven hugely popular. For the quarter ended 31 December 2023, Harris Technology reported
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Harvest Tech gets additional orders from prominent Five-Eyes customer, expects more in 2024
Remote tech provider Harvest Technology Group Limited (ASX: HTG) has confirmed the reception of second and third orders for its Nodestream technology, totalling approximately $380k, from a prominent Five-Eyes defence customer. The Five-Eyes alliance includes Australia, New Zealand, the UK, the US, and Canada. Notably, the entire amount has been received upfront, underlining the confidence
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They see me rollin, they lovin: Control Bionics receives $577k grant from the ALS association to develop self-driving wheelchairs
If you thought only cars could be autonomous (hey, Tesla), think again. Medical device company Control Bionics (ASX: CBL) has wheeled the technology into autonomous wheelchairs, ensuring people with Amyotrophic Lateral Sclerosis (ALS)—a motor neuron disease—live a better, “freer” life. In support of that, the Company’s wholly-owned US subsidiary has secured a research grant of
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RocketBoots makes big moves in the UK, locks in four contracts including a Big 4
Customer service software provider for retailers and retail banks, RocketBoots (ASX: ROC) has announced two significant agreements in the UK. The first agreement is with a major retail bank in the UK, part of the prestigious Big 4, while the second is with the Scottish Midland Co-op Society, overseeing around 200 retail grocery stores across
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Broncos scores big: Expects up to 80% profit growth following 2023 audit
Just yesterday, Brisbane Broncos’s captain Adam Reynolds left fans holding their breath as he limped off the field, only to be later cleared of any serious injury. However, the real excitement for Broncos enthusiasts lies off the field, as the NRL team reports an uptick in profit and an array of revenue streams that contributed
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What is Appening? Google terminates contract with Aussie AI without warning
Upon entering January 2024, Google employees likely felt an eerie sense of deja vu as they received emails from their CEO Sundar Pichai, warning them of impending layoffs. Last year, during the same period, Pichai sent out an email informing employees about the “difficult decision” to reduce headcount. Big tech companies have become synonymous with
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Hold your horses for Stake.com has chosen Racing and Sports Tech to take racing global
In what can be considered a massive win, horse racing and wagering company Racing and Sports Technology (ASX: RTH) has bagged the support of global online casino and sportsbook Stake.com—whose sponsorship portfolio includes the likes of Canadian singer Drake and the Stake F1 team, UFC, among others. This partnership will aim to establish racing (and,
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Spectur records highest revenue month in company history in December, reduced debt while swinging deals
Australian-based developer and manufacturer of security, surveillance, warning, environmental monitoring and AI solutions and platforms Spectur (ASX: SP3) disclosed its financial performance for the second quarter of FY24, highlighting notable achievements, including its best revenue month in history, December. For the quarter ended December 31, 2023, Spectur experienced growth in recurring revenue, constituting 63% of
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Michael Hill removes senior management roles, cuts costs following poor 2023 performance
After three years of record results, 2023 finally broke jewellery retailer Michael Hill (ASX: MHJ). Like many Aussies, the Company faced tough retail conditions prompting cost-cutting measures. The fine jewellery brand encountered formidable headwinds due to a bitter cocktail of factors, including the macroeconomic environment impacting consumer sentiment, tough trading conditions, inflated input costs, and
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Seasonal trends give IncentiaPay revenue a boost, retain members and appointment of Chief Growth Officer
Prices have risen across the board, leaving little room for discretionary spending. Any help—gift cards, rewards—is appreciated on that front, allowing platforms like entertainment, lifestyle and rewards platform operator IncentiaPay (ASX: INP) to gain a leg up. In Q2 FY24, when seasonal events like Christmas, Black Friday and more prompted consumers to loosen the wallet
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Novatti payments infrastructure strengthens as expert forecasts Australia to be cashless within years
Australia is accelerating towards becoming a cashless society. The Reserve Bank of Australia (RBA), national banks and financial experts have collectively foreshadowed that the country will be rid of cash in the next couple of years. However, this transition demands the preparedness of a robust digital payments infrastructure which is just one reason investors are
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Mad Paws reports second consecutive quarter of cash flow paws-itivity with revenue crossing $7 million
Aussie pet services company Mad Paws (ASX: MPA) spent over $20 million on product development and operations in H1 FY24. As it edges closer to EBITDA breakeven, the Company ditched excessive marketing spending to focus on data-driven strategies and growth across key brands. In Q2 FY24, Mad Paws saw Group Operating Revenues reach $7.6 million,
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Raiz a glass as micro investment platform reports 23.2% revenue uptick and edges closer to profit
If you recently spotted an ad for the investment app Raiz (ASX: RZI) on TV, know that it’s all part of the Company’s latest brand awareness campaign and you’ve joined its roster of potential customers. In December 2023, Raiz launched the ‘Raiz Your Game’ marketing campaign. By early January 2024, as a result of the
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Dynamic Group acquires Airwell Flow Testing for $2m as revenue continues to rise
Mining company Dynamic Group (ASX: DDB) has entered into a binding agreement to acquire Airwell Flow Testing which is a division of the French fluids management company, Airwell Group. This strategic move is expected to reinforce Dynamic’s position in the water-well industry and tap into the burgeoning flow testing sector, known for its lower capital
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Kinatico’s regtech SaaS pivot proves successful, ups profit to $400k
Workplace compliance—monitoring safety, health and legal aspects of employment—can be demanding and expensive. Unless you’re an AI robot. Then it’s all seamless, mind-numbing work. In a notable shift from its roots as a credential checking business, Australian RegTech company Kinatico Limited (ASX: KYP) has been pivoting to become an all-encompassing provider of simplified daily compliance
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Former Big Pharma VP takes helm of Syntara Board, accelerates cancer drug development
Clinical-stage biotech company Syntara (ASX: SNT) has stepped into a transformative year with a renewed focus on drug development. Entering 2024, the Company took the “new year, new me” concept seriously, divesting its Pharmaxis mannitol business and rebranding as Syntara with new leadership to include high profile biotech experts that have commercialised drugs for Big
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Unhappy with Mighty Kingdom’s progress, Major shareholder Shane Yeend again calls to remove existing board
Time to vote this board out and make history, reads the clarion call of Shane Yeend, a major shareholder of the independent Aussie game developer Mighty Kingdom (ASX: MKL). Yeend is bringing shareholders together to vote out the current board in favour of a “no nonsense board with extensive track records of successful ASX turnarounds”
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Despite seasonal dip, Coventry reports EBITDA uptick to $9.8m
Specialised industrial products provider Coventry Group (ASX: CYG) has announced notable financial results for the first half of FY24. Its group sales reached $185.3 million, reflecting a substantial 5.4% increase from the prior year. Unaudited EBITDA also demonstrated significant growth, rising by 18.1% to $9.8 million. These results are aligned with last month’s forecasted figures—H1
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TZ smart lockers reports more positive cash flow in Q2 as it guns for profitability in FY24
Smart lockers company TZ Limited (ASX: TZL), serving clients like Apple, JLL, adidas, NSW Health and more, has reported a positive net cash inflow from operating activities, totaling $775,000 in Q2 FY24. Key components of the operating cash flows included receipts of $5 million, coming to $8.8 million year to date. It also reported payments
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Biome probiotics bound for United Kingdom and Ireland, upgrades revenue guidance
Unveiling a string of good news to begin 2024, microbiome health company Biome (ASX: BIO) has announced the launch of its Activated Probiotics in major European health retail outlets starting January 2024. Key distributors are CLF in the UK and iiHealthfoods in Ireland, with funding for the expansion coming from Biome’s current working capital. What’s
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Black Friday and Cyber Monday boost Spacetalk subscriber growth, improve revenue forecast for H1 2024
Besides coveted cosmetics, shoes and tech, safety was a major item on the Black Friday bucket list for parents. Just in time for the new school year, parents put Spacetalk’s Telstra-enabled Mobile plan on their list for affordable data and network connection. During the second quarter of FY24, software services and smartwatch company Spacetalk Mobile
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Compumedics sees 74% sales growth driven by sales in China
Medical device company Compumedics (ASX: CMP) has reported an impressive surge in sales, projecting a revenue of $26 million for H1 FY24. This marks a major 35% increase compared to H1 FY23. The performance is attributed to key factors including the Company’s second MEG sale to Tianjin Normal University (TJNU) in China and successful initial
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Frugl to acquire Trienpont to integrate machine learning and AI into projects
Australia’s ongoing cost of living crisis is no secret. People now read the price tag thrice to determine if the item deserves a spot in their cart. They are cost comparing and cutting, making sure to find the best deals. Retail intelligence ecosystem Frugl (ASX: FGL) had set up a grocery app to make this
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UNITH unveils new customer panel during soft launch of Digital Human platform as a self-service offering
While the market may have taken a break over the Christmas and New Year period, artificial intelligence company UNITH (ASX: UNT) quietly launched its self-service platform – a development that will be instrumental in rapidly signing up users who will be able to generate their own digital human, working for them 24/7. The soft launch
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TGA gives green light to Emyria’s psychiatrists for MDMA therapy for PTSD
Mental health treatment provider Emyria (ASX: EMD) has announced that its psychiatry specialist has been granted “Authorised Prescriber” status by the Therapeutic Goods Administration (TGA). The authorisation enables the prescribing of MDMA according to an ethics committee endorsed care model developed by Emyria and within the strict regulatory framework established by the TGA for the
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Vape imports banned, Vitura introduces nicotine vaping products to tap new market
In a bid to crack down on excessive vaping among the Aussie youth, the Australian government decided to nip the problem in the bud. From January 1, 2024, the Therapeutic Goods Administration (TGA) declared that disposable vapes can’t be imported to Australia, regardless of nicotine or therapeutic claims. Plus, come March 1, 2024, importing all
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Conflict, tensions, and the end of aggressive hiking | Monthly Market Wrap
US markets: US markets were stronger in the month, with the Dow Jones up +4.8% and S&P500 up +4.4%, as Fed held interest rates steady at 5.25-5.5% for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting 75bps of cuts in 2024 as the officials downgraded both
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Jatcorp appoints Sunny Jianxin Liang as new CEO, unveils strategic growth initiatives
Aussie dairy products company Jatcorp (ASX: JAT) is having a particularly productive start to the year with its Board of Directors appointing Sunny Jianxin Liang as the new Chief Executive Officer (CEO) of the company. Liang, a seasoned senior business leader with over 13 years of experience in the export industry, particularly in infant formula,
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Nova Eye Medical reports surge in USA sales despite Medicare reimbursement uncertainty
Aussie MedTech company Nova Eye Medical (ASX: EYE) has kicked off the new year with good news for investors, recording an impressive $7.6 million in sales in the US for its glaucoma surgical devices during the six months concluding on December 31, 2023 (unaudited). This represents a remarkable 65% growth compared to the previous corresponding
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Syntara prepares for new clinical trials led by Professor Fiona Wood to restore elasticity into burn scars
Beyond the searing pain of burns, permanent scarring of the skin has a devastating lifelong impact on quality of life. Imagine reaching up for the top shelf and having a sharp pain surge down your arm and back. Unfortunately this is the reality for millions of burn victims where skin does not heal with the
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Wide Open Agriculture charts new plan for 2024 following lengthy ASX suspension
“I have more gray hair in my beard – and less overall hair of any color – after a year like we’ve just had,” Wide Open Agriculture (ASX: WOA) CEO Jay Albany remarked, reflecting on the Company’s 2023—the year in which it was suspended from the ASX for six months. Besides reeling under the impact
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Algorae teams up with HL Pharma to supply cannaboids for research projects
Aussie pharma development company Algorae Pharmaceuticals (ASX: 1AI) has partnered with HL Pharma, an Australian company registered with the Victorian Department of Health, for the sourcing, supply, and distribution of various cannabinoid compounds for research purposes. The collaboration is governed by a comprehensive three-year agreement, adhering to Good Distribution Practice (GDP). Under the terms, HL
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Season’s Greetings from the Team at The Sentiment!
Seasons Greetings from the Team at The Sentiment! We’ll now be taking some time off to enjoy with our families but below are a few of the most popular stories of 2023 and look forward to returning in the New Year. ASX News Scarless healing one step closer as Fiona Wood-led clinical trials demonstrate collagen
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PharmAust invited by FightMND to submit a funding request for up to $1.8m
Biotech company PharmAust (ASX: PAA) has been invited by not-for-profit organisation FightMND to submit a comprehensive grant application which could grant up to $1.8 million to fund Phase 2 and 3 clinical trials in an effort to find a treatment for Motor Neurone Disease (MND) Earlier this month, PharmAust submitted a Letter of Intent to
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Earlypay secures $220m funding for invoice and trade finance facility with major Aus bank
Picking itself up after a year of losses, financial services company Earlypay Limited (ASX: EPY) has secured a new invoice and trade finance warehouse facility with an initial senior funding commitment limit of $220 million. The financial settlement of the facility is set to take place in January 2024. In addition to this milestone, Earlypay
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Vinyl gets bragging rights with Rolling Stone and Variety Australia publisher The Brag Media’s acquisition
It’s a new name, new game energy, as music company Vinyl (ASX: VNL)—formerly Jaxsta—acquires entertainment giant The Brag Media, the Australian publisher of Variety magazine and Rolling Stone AU/NZ. Vinyl will fully acquire the publisher, including its premium network of mastheads and events funded by a new investment by WiseTech Global (ASX: WTC) Founder and
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Proteomics signs deal with Omics Global Solutions to provide Chile with early diabetic kidney disease detection
In Chile, one in eight adults have diabetes. The number of people with the condition there has risen almost 50% in the past ten years. By 2030, the healthcare spending on diabetes in Chile is set to surpass $4 billion. Chile’s healthcare needs demand companies like medical tech company Proteomics (ASX: PIQ) that emphasise early
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Kathmandu sales fall by 21.6% as Aussie summer kicks off and consumer sentiment dwindles
The first four months of FY24 have not been kind on clothing retailer KMD Brands (ASX: KMD), the Group behind the ubiquitous winterwear retailer Kathmandu (spotting Kathmandu jackets during Aussie winters could very well be a drinking game). However, with winters having passed, KMD has reported a 12.5% decline in group sales compared to the
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Institutional investors back Syntara with $10 million to increase stakes in hot M&A space
In a significant move signalling strong confidence in Syntara (ASX: SNT) and their drugs in development, institutional investors have subscribed for $10 million of shares, driven by the immediate commercial prospects of their leading drug SNT-5505. The funds will also support an emerging pipeline of drugs addressing Parkinson’s disease and skin scar trials. The $10m
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Monash IVF to acquire 80% of Perth fertility clinic for $12m in expansion bid
Fertility specialists Monash IVF (ASX: MVF) appears to have found fertile ground for growth, as it locks in the acquisition of Perth-based IVF and fertility clinic Fertility North. Fertility North services Perth’s northern suburbs, helping MVF attract new clientele. Monash IVF will acquire 80% of Fertility North through an initial upfront cash payment estimated at
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First time in 25 years, Tissue Repair set to introduce drug for Venous Leg Ulcers, wins US patent for compound
The US Patent and Trademark Office (USPTO) has recently approved the third patent application submitted by the biotech company Tissue Repair (ASX: TRP), which focuses on developing wound-healing agents. This patent—titled “BIOLOGICAL POLYSACCHARIDE COMPOUND” ]—includes claims that extend to the Glucoprime® compound and its molecule, allowing for various applications. Glucoprime and its derivatives serve as
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G8 Education issues 69% profit growth guidance, driven by managing educator wages
With the largest workforce of early childhood educators in the country, G8 Education (ASX: GEM) has long struggled to manage their wage bill while delivering maximum profit for shareholders. That looks to have changed in 2023 though, with the Company divesting unprofitable centres and streamlining their workforce, in lieu of occupancy growth. The Company announced
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After TGA and Chairman fiasco, Rhythm Biosciences concedes no commercial sales are possible for its bowel cancer kits
Medical diagnostics company Rhythm Biosciences (ASX: RHY) has undertaken a comprehensive strategic review following major shareholder discontent and a subsequent S249D notice requesting a vote to remove the Chairman. In October, the Company faced regulatory scrutiny as its stock value plunged from 32¢ to 20¢, triggering an ASX “speeding ticket”. Later, the stock was trading
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Black Friday gives Bedshed a much-needed boost after prior lull, acquires new stores
Kitchen, wardrobe and other household products supplier Joyce Corporation (ASX: JYC) has announced the expansion of its bedding subsidiary, Bedshed, with the acquisition of two prime locations in suburban Sydney. The franchise agreements, finalised with two franchisees, will see Bedshed taking control of stores in Alexandria and Castle Hill. The move is part of Bedshed’s
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Have interest rates peaked? MyState Bank forewarns a reduction in lending growth
For the past 12 months, MyState Bank (ASX: MYS) has been hot in the lending market as Australians seeking to refinance their mortgages to the lowest available rate have regularly landed at MyState which has consistently been more competitive than the Big Four banks. But with all of those new loans written, the Tasmanian-based MyState
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Novatti’s AUDD stablecoin passes $4 million minted milestone, attracts new fintech investors
As blockchain technology continues to disrupt traditional financial institutions, digital payments company Novatti Group (ASX: NOV) has secured a range of new investors keen for a slice of their AUDD stablecoin business which has minted more than $4 million since launching. AUDD is a 1:1 fiat-backed stablecoin that enables businesses, people and governments to make
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Wrkr pilots its employer services solution trial with Rest Super
Rest, one of Australia’s premier profit-to-member superannuation funds and a key ally of Link, has entered into a trial partnership with workplace compliance solutions provider Wrkr (ASX: WRK). The collaboration aims to test various innovative solutions that could reshape the landscape of superannuation administration. Rest manages about $75 billion in funds with nearly two million
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IPO Watch: The Australian Wealth Advisory Group set for ASX entrance
Despite the challenges of COVID-19, Australia’s wealth management market saw a 3% rise, reaching $1.2 trillion in assets (excluding superannuation). Thanks to a resilient stock market, rising asset values, and increased savings, the future looks promising especially over the next five years, according to research by management consulting firm Oliver Wyman. Finance professionals are often
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Argenica completes production of brain stroke drug, prepares for Phase 2 trial
Biotech company Argenica Therapeutics Limited (ASX: AGN), which is developing novel therapeutics to reduce brain tissue death after stroke, has completed the production of its neuroprotective peptide candidate ARG-007 in powder form. The Company is gearing up for its Phase 2 clinical trials, and the final manufacturing of the sterile drug product in vials is
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Are New York’s finest now New York’s most autonomous? Ask Nightingale Intelligent Systems
The largest police department in the United States is set to unveil a squadron of drones that will act as first responders to scenes across the city, powered by artificial intelligence and supplied by drone company Nightingale Intelligent Systems (ASX: NGL). The 3-year supply contract is with the unnamed Police Department but a simple Google
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Smart ways to survive: PlaySide inks deal with Warner Bros subsidiary for multi-game license
Video game developer PlaySide Studios (ASX: PLY), the studio behind popular games like “Dumb Ways to Die” and “Age of Darkness: Final Stand”, has signed a multi-game license deal with Warner Bros. Interactive Entertainment, a subsidiary of Warner Bros. Discovery, Inc. The agreement grants PlaySide access to a well-known intellectual property, allowing the development of
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Syntara doses first blood cancer patient for combination treatment of SNT-5505 and ruxolitinib
Clinical stage drug development company Syntara (ASX:SNT) is set to get a big boost in exposure within the blood cancer industry as it forges ahead with dosing patients in its Phase 2 clinical trial of SNT-5505 in combination with approved drug ruxolitinib. SNT-5505, a pan-LOX inhibitor designed to target myelofibrosis, a bone marrow cancer where
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Baker Hughes commits to substantial investment in SRJ’s BoltEx flange clamps following product training session
Following a product training session conducted by asset integrity management solution SRJ Technologies (ASX: SRJ) with Baker Hughes’ global engineering team, the latter has announced a commitment to procure SRJ’s BoltEx® flange clamps. SRJ, a specialised provider of engineering services and containment management solutions, disclosed that Baker Hughes’ initial order amounted to an impressive $231,000.
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Wallis Lake has finally reopened for business, and East 33 is shuckin’ thrilled
The farming industry tests many of your abilities beyond the act of farming itself—there’s marketing, distribution, and even disease management. Between September 26 and 30, 2023, the Sydney Rock Oyster producer and supplier East 33’s (ASX: E33) Wallis Lake operations were plagued (literally and fiscally) with ill oysters. Consequently, the Wallis Lake operations, along with
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Market at a pivot point as inflation surge likely to return in March | Economic update
Investing is very difficult around key pivot points. If it were easy everyone would be getting double returns consistently. After a short lull in the economy over the past 6 months, we expect that some time in the March quarter we will begin to see inflation, or at least the factors that will lead to
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Titomic and Stärke team up to provide manufacturing solutions to defence, aerospace and other industries
Manufacturing tech company Titomic (ASX: TTT) has entered into a strategic partnership with Stärke Advanced Manufacturing Group, a global player in advanced manufacturing based in South Australia, to cater to clients in high-performance sectors. The collaboration aims to leverage the advanced manufacturing capabilities of both companies, combining Titomic’s technological skillset with Stärke’s industry connections and
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Cycliq’s Black Friday campaign proves successful, rakes in $1.2 million in November
Bike cameras and accessories company Cycliq (ASX: CYQ) won big in November as a result of its Black Friday ad campaigns, offering 30% off storewide. The Company reported earning $1.2 million in Gross Revenue. At the same time, it saw successful sales of the Cycliq Fly 12 Sport safety camera. This year’s Black Friday campaigns
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Archer Materials expands Biochip development with a semiconductor foundry in Spain
Working closer towards commercialising its cutting-edge graphene Biochip, semiconductor company Archer Materials (ASX: AXE) has dispatched its latest chip design iteration to a certified foundry in Spain for fabrication through a whole wafer manufacturing run. This move is part of Archer’s ongoing commitment to pushing the boundaries in both quantum computing and medical diagnostics while
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Whitehawk expands $1.8m cyber risk contract with global social media company
Big techs have been spending billions on cybersecurity, ramping up investments in 2021 when cyber crimes picked up pace. Growing cybercrime has not only weighed heavily on companies’ wallets but has also reduced users’ trust, especially when it comes to social media apps where people hold some of their most private information. In line with
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New leadership at Schrole delivers highest monthly sales reaching $1.2 million
After implementing some strategic and leadership changes, human resources Software-as-a-Service (SaaS) provider Schrole Group (ASX: SCL) saw increased sales in November 2023 in its software and training divisions and ongoing improvement in software renewal rates. As per the Company, this marks its highest November sales, totaling $1.2 million, reflecting a 17% increase compared to the
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Spacetalk enters New Zealand retail market with child smartwatches that limit browsing access to illicit content
Parents in New Zealand will soon be able to get their hands on cutting-edge technology designed for child safety with tech company Spacetalk (ASX: SPA) signing a partnership agreement with New Zealand-based retailer, The Warehouse Group NZ, to have their smartwatch products sold in 145 stores. The Adventurer 2 and Spacetalk Loop smartwatches are designed
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Just can’t debt enough: Pioneer acquires debt portfolio from Panthera for $24.1 million
When debt goes unpaid for too long, even banks and major financial institutions need to get some help on board. That’s when financial services like Pioneer (ASX: PNC) come to the fore, promising to recover that debt while keeping customers’ financial needs in mind. Australian debt recovery specialist Pioneer has acquired a Debt Portfolio from
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Imagion Biosystems’ cancer tumour detection tech produces early positive results
In 2023, cancer is responsible for about three in 10 deaths across Australia. And among women, breast cancer remains the most commonly diagnosed. Over two million women worldwide are diagnosed with breast cancer annually, and approximately 20% of them are diagnosed with HER2+ (human epidermal growth factor receptor 2) breast cancer. The growing ageing population
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Wisr fourth ABS transaction to free up cost of funding, signals investor confidence following both Nantes departures
After ousting Anthony Nantes as CEO in August 2023 (and subsequently seeing John Nantes depart as Chairman), consumer lending company Wisr (ASX: WZR) has been on a cost management journey, trying to regain shareholders’ faith. In the face of its declining loan book balance and revenue, the Company has established the pricing for its fourth
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Little Green Pharma to target growing medicinal cannabis market thanks to legal changes
A healthcare policy change passed in France is likely to see the country quickly targeted by medicinal cannabis companies with Little Green Pharma (ASX: LGP) quick to confirm their plans to increase product distribution to the country thanks to newly favourable healthcare legislation. The recent amendment to the Projet de loi de financement de la
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Dovish Fed comments and weak economic data provide a boost to markets | Monthly Wrap
Global Markets Update US markets: US markets were stronger, with the Dow Jones up +8.8% and S&P500 up +8.9%, as dovish comments from several Fed officials following weak economic data saw swaps pricing in a 50% chance of a U.S. rate cut in March with the effective fed funds rate to fall to about 4.06%
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IOUpay reports $36m in losses amid legal battles against former Board for alleged misappropriation of funds
Haven’t heard of the company IOUPay (ASX: IOU) in a while? You’re probably not alone because their shares have been suspended from trading since March 2023 while the new Board of Directors attempt to unravel the utter mess left to them from the previous Board, and it’s cost them $36 million according to the FY23
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AVA Risk secures critical surveillance contract with Sydney Trains for train yards security
In a strategic move to fortify the security infrastructure of Sydney Trains, Ava Risk Group (ASX: AVA) has inked a five-year support agreement to enhance the safety of vital transportation assets with intrusion detection technology. The contract is valued at approximately $500k and is an extension of the existing contract Ava has had in place
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UNITH delivers eSocial Worker for public health services across 14 countries
Access to high quality medical advice 24/7 will soon be launched in 14 European countries by the Alliance for Public Health (APH) which has delivered its digital human social worker from artificial intelligence company UNITH (ASX: UNT), specialists in AI solutions. The eSocial Worker, is the AI solution sought by APH which issued a public
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Cyclopharm makes US entry with Duke University Hospital the first contract for Technegas
After gaining US FDA approval in September 2023, nuclear medicine company Cyclopharm (ASX: CYC) has made an official entry into the country with the signing of its inaugural commercial contract for Technegas in the United States with Duke University Hospital the first institution to enter into a formal agreement to use Technegas. Technegas, an imaging
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Immuron enrols first patients into Phase 2 trials for treatment to combat infectious diarrhea
Infectious diarrhea could soon be not so infectious with confirmation from biotech company Immuron (ASX: IMC) that the first patients have enrolled for their Phase 2 clinical trial seeking to address issues that arise from unpleasant episodes. The trial is a response to the persistent challenge of infectious diarrhea among travellers and military personnel deployed
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Are we in the eye of the inflation storm? | Economic update
During November the market consensus shifted towards the FOMC and ECB remaining on hold throughout 2024. This reflects a forecast that inflation will continue to deflate while unemployment remains low, and the economy keeps growing but at a slow pace. This is the “Goldilocks” scenario. The alternative view is that inflation will begin to rise
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Fragrances to treat allergies? Microba and IFF enter stage two of novel treatments
Precision microbiome company Microba (ASX: MAP) and the US-based F&B company International Flavors & Fragrances (IFF) have entered the second phase of their joint research initiative, aiming to develop novel microbiome-based treatments for various allergies. The collaboration, a strategic move within the bioscience and health sectors, signals a step forward in addressing the need for
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RAS Technology dives deeper into European wagering with Playbook Engineering partnership
Quickly becoming the go-to supplier of critical data within the global wagering industry, RAS Technology (ASX: RTH) has been engaged by Playbook Engineering, a leading UK-based platform provider, for wagering technology, racing data, and editorial content for Playbook’s diverse portfolio of sportsbook brands. The 3-year contract is expected to be valued at $800k per annum
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BluGlass signs $2.6 million contract with North Carolina State Uni to develop lasers
After becoming a member of the US CLAWS hub in October 2023, semiconductor developer BluGlass (ASX: BLG) has signed its first contract: a $2.6 million (US$1.775m) contract with North Carolina State University (NCSU) to develop lasers in FY24. As part of its contract for FY24, BluGlass is working on single-frequency DFB (Distributed-feedback) lasers and progressing
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Amid debt dispute, Electro Optic Systems reports revenue guidance of $210 to $230 million
In the midst of a debt dispute with a major lender, Australian security technology company Electro Optic Systems (ASX: EOS), which operates in the defence and space sectors, has announced a robust revenue projection for the calendar year 2023. The Company anticipates its revenue to range between $210 million and $230 million for CY23. This
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Use your mobile to check for arrhythmia as Advanced Health Intelligence launches AF-Scan
HealthTech company Advanced Health Intelligence (ASX: AHI) is set to launch a medically-approved mobile phone-based atrial fibrillation (AF) assessment in Q2 CY24 in collaboration with Belgium-based Qompium NV, a company specialising in mobile scanning tech. Globally, there are about 60 million cases of atrial fibrillation (AF), which is a form of arrhythmia involving irregular heartbeat.
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The Calmer Co reports monthly record of eCommerce kava sales thanks to Black Friday
Derived from the roots of the Piper methysticum plant native to the Pacific Islands, Kava has gained popularity for its potential health benefits as evidenced by The Calmer Co (ASX: CCO), which reported $110,000 in sales through the month of November for it’s eCommerce channels. These sales primarily came from The Calmer Co’s online Shopify
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Little Green Pharma has big news: a new CEO and 37% revenue growth
Over the years, the Australian cannabis market has consistently posted revenue growth and is expected to be valued at $1.1 billion by 2028. Both Aussies and Europeans are big consumers of cannabis, making them attractive markets for medical cannabis companies like Little Green Pharma (ASX: LGP). Little Green Pharma posted a 37% revenue spike to
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The BESS-T bet: GenusPlus and Samsung joint venture awarded $200m to build energy solution
National power and communications infrastructure provider GenusPlus (ASX: GNP) has secured three contracts in collaboration with Samsung C&T Corporation. These contracts with the Melbourne Renewable Energy Hub (MREH) include the engineering, procurement, construction, and commissioning of the Balance of Plant scope (i.e. the supporting components of a power plant), as well as the installation of
Read MorePublicMarkets flatten out as they await the next move
The XJO is expected to edge higher on open this morning despite a small pullback in the U.S overnight. Their futures this morning are pointing higher, likely giving our market some confidence to extend the past couple of sessions’ meek gains. We continue to trade in the short descending channel that could be part of
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Lights, camera, caught: Transport NSW extends Acusensus contract for mobile phone detection cameras
Hands-free or not, if you’ve been using your smartphone while driving, you’re putting your life in danger. Studies have found that drivers glued to their phones are ten times more likely to crash. Besides that, in NSW, you can be fined anywhere between $387 and $514 (if in a school zone) for using your phone
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EROAD sees loss worsen, joins hands with Microsoft for generative AI product for fleets
Implementing a strategy upgrade after two fiscal years of negative free cash flow, fleet management company EROAD (ASX: ERD) is joining the artificial intelligence bandwagon. As of the first half of FY24, i.e. six months ending September 30, 2023, the Company has partnered with tech giant Microsoft to develop a Generative AI product aimed at
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The Bank of Japan doesn’t remember how inflation works | Economic update
Last week was a big one for the history of Japanese monetary policy. If you did not notice this, you are forgiven. Getting any news on Japan – one of our largest trading partners – in Australia is apparently beyond the average attention span of any Australian journalist, so if you are expecting something about
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NAB and Plenti team up to launch car and EV loan in 2024
FinTech lender Plenti Group (ASX: PLT) and National Australia Bank (NAB) have teamed up to launch a “NAB powered by Plenti” car and electric vehicle (EV) loan, thus making Plenti renewable energy finance available to NAB customers. With 38% of Aussies now considering sustainability actively in their purchase decisions, loans like these are well-timed, helping
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BikeExchange AI platform wins big during Black Friday in Germany
Online bike marketplace BikeExchange (ASX: BEX) has successfully launched its AI Consumer Marketplace Platform in Germany, achieving a record-breaking Black Friday with €322k (A$534k) in sales—20% higher than the previous year. The platform, set to expand to six more key markets, improves customer experience, simplifying the bike hunting and buying process. The platform’s uptake is
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InteliCare forges strategic partnership with Bolton Clarke to digitise aged care with AI technology
Seeking to reshape the landscape of aged care in Australia, tech company InteliCare (ASX: ICR), an Australian software company specialising in AI-driven solutions for the aged, disability, and healthcare sectors, has entered into a non-binding Memorandum of Understanding (MoU) with Bolton Clarke, the country’s largest independent not-for-profit aged care provider. The strategic partnership signals a
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Harris Technology gears up for Christmas as consumer electronics and household tipped to be among most popular purchases
For retailers, Christmas is a time to significantly boost sales amidst customers hunting for bargains for gift-giving. Monash Business School Research is forecasting a specific surge in online spending for consumer electronics. How Aussies spend money this Christmas may vary due to the rising cost of living, but whether it’s the holiday “ritual” or the
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Feeling un-adored: Adore Beauty rejects acquisition proposal which undervalued Company
The thing about most trends is that they are fleeting: ripped jeans, polka-dotted shirts and such. COVID-19 gave birth to many more: Dalgona coffee, TikTok dances, inflation and the consequential e-commerce boom and bust. Since mid-2022, Australia has seen e-commerce sales decline due to inflation; however, that hasn’t compelled online retailers like Adore Beauty (ASX:
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EMVision names brain scanner device emu to signal future-first approach
The Australian bird Emu is known for many things—for instance, it’s not a commitment kind of bird, with its relationships typically lasting for only about five months. Even so, Emus set a great example for couples in post-pregnancy, as the male and female Emus share the load after an egg is hatched, with the male
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Global dairy giant FrieslandCampina places $2 million order for pallets with Range International
At a time when multinational companies are reviewing their supply chains in search of greener solutions that contribute to their sustainability targets, dairy products giant FrieslandCampina subsidiary, P.T. Frisian Flag Indonesia, has partnered with the Indonesian subsidiary of Range International (ASX: RAN) for $2 million of pallets made entirely from recovered plastics. Frisian Flag has
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Sparc Technologies completes prototype testing for its water-splitting tech, kicks off pre-FEED study
Renewable energy might soon gain a new player, with graphene tech company Sparc Technologies (ASX: SPN) wrapping up prototype testing for its solar reactor, Sparc Hydrogen. The product can split water using sunlight and a photocatalyst, saving time, cost and energy. Sparc Hydrogen is a joint venture between the University of Adelaide (28%), Fortescue (20%)
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Adairs counting on upcoming Black Friday weekend to boost declining sales
The rising cost of living has come for all our throats—furniture and manchester store Adairs (ASX: ADH) is no exception. The Company, like many others, has felt the pinch as higher interest rates and increased living expenses contributed to a notable decrease in foot traffic. To combat that, the Company’s mission has been to ensure
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Linius Technologies sprints into the US college sports with automated game highlight technology
College sports are an integral part of American culture, with many universities having acclaimed athletic programs. Communities often rally behind their local college teams, especially in areas without professional teams, creating a sports euphoria and fandomhood of its own. Seizing an opportunity to join the fervour, Australian video tech provider Linius Technologies (ASX: LNU) has
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TAB New Zealand to acquire SENZ digital & audio for $3.7 million from Sports Entertainment Network
Injecting some much-needed cash into the business, Aussie sports and entertainment agency Sports Entertainment Group (ASX: SEG) has entered a non-binding agreement between its wholly owned subsidiary Sports Entertainment Network NZ (SEN NZ) and TAB New Zealand. TAB will acquire SEN NZ’s digital and audio businesses, including the SENZ brand, app and website, and its
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Jayride to seek buyers as FY24 forecast looks bleak with downgrade of cash flow targets
After reaffirming its FY24 guidance of becoming cash flow positive across multiple reports, the online travel aggregator Jayride (ASX: JAY) is revising the narrative. The Company, dealing with declining profit margins and lower net revenue per trip, is no longer expecting to be cash flow positive. What’s more, it is looking for a buyer to
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Healthia shareholders overwhelmingly approve acquisition by Pacific Equity Partners at handsome premium
Shareholders of allied health company Healthia (ASX: HLA) are set for a handy payday after emphatically voting in favour of the Company to be acquired by funds manager Pacific Equity Partners (PEP). The Scheme of Arrangement, which required a requisite majority of shareholders and votes, offered HLA shareholders $1.80 per share, valuing the clinic operator
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Administrators return Blue Horseshoe back to Directors as Aspermont pores over its 44% stake
In August 2021, media services company Aspermont (ASX: ASP) co-founded a FinTech startup, Blue Horseshoe Ventures, that was set to democratise and revolutionise the investment space. The same digital capital-raising platform has since entered voluntary administration and been returned to its directors. On August 17, 2023, the Company said Blue Horseshoe Ventures had entered voluntary
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Webjet sees international bookings increase, campervan life suffers due to high prices
Post-Covid travel coupled with increasing prices has created a bittersweet cocktail for online travel agency Webjet (ASX: WEB), which saw bookings rise but still remain lower than pre-Covid levels. Webjet’s international bookings grew even as it battled inflationary pressures and reduced discretionary spending. The Company’s international flights market share grew 24% compared to H1 FY23,
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After ASX suspension over finances, My Rewards secures a $1 million loan from iGoDirect
After a particularly tumultuous FY23—ending with $0 in cash equivalents and a resulting ASX suspension, the engagement and loyalty management platform My Rewards International (ASX: MRI) has entered into a $1 million loan agreement with promotional intelligence company iGoDirect Group. This loan is expected to support the Company for the medium term. It is critical
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HeraMED’s pregnancy monitoring device expands reach to rural GPs and customers via Telstra Health partnership
Making maternity care more accessible to all expectant parents including those in regional and rural Australians, HeraMED (ASX: HMD) has been promoting at-home pregnancy management using its digital monitoring device HeraCARE. Now the Company has levelled up its strategic shift for the device by securing a new Partner Agreement with Telstra Health, expanding its customer
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More discounts to come at Universal Stores as Aussies reduce discretionary spending
For the first twenty weeks of FY24, Aussie fashion retail company Universal Stores (ASX: UNI) has had to place its focus on promotions and discounts to cater to increasingly price-conscious consumers. Universal saw a spending decline in the regional areas of eastern Australia, contrasting with the more robust performance in metropolitan and CBD locations. In
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Why the CPI report reaction surprised so much | Economic update
We were surprised last week by the reaction to the slightly better than expected US CPI monthly report. In aggregate the headline month-on-month CPI rate was flat versus a 0.1% forecast and core inflation was 0.2% versus 0.3% expected. A great deal of care needs to be taken when interpreting monthly data because inflation readings
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Another US win for 4D Medical with FDA approval for CT lung ventilation analysis product
The US Food and Drug Administration (FDA) has given the green light to respiratory imaging technology company 4DMedical (ASX: 4DX) for its CT-based lung ventilation analysis product (CT LVAS™). This FDA clearance will allow 4DMedical to leverage the US’s available CT hardware and boost its presence in the region. The FDA clearance follows the rollout
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ASIC and RBA give green light to new ASX CHESS replacement after years of delays and failures
Questions regarding reliability, transparency and scalability came to the fore after the multi-asset exchange company Australian Stock Exchange (ASX: ASX) decided to replace its 25-year-old clearing and settlements system CHESS with blockchain tech in 2016. To do so, the ASX brought on the New York-based tech startup Digital Asset. However, after multiple delays and issues,
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XTEK secures $6.9m worth of armour orders amidst rising global tensions
Major conflicts in Israel and the Ukraine are tearing nations apart but for ballistics defence company XTEK (ASX: XTE), someone needs to offer protection to the people involved and if that means lacing them up in high-end ballistic body armour products, they’re happy to do it. Some might call it a coincidence but since Russia’s
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COG Financial buys 19.99% of Centrepoint shares from ClearView following Diverger deal fallout
In what might be construed as a slow takeover bid, asset finance broking group COG Financial Services Limited (ASX: COG) has acquired 19.99% of diversified financial services company Centrepoint Alliance (ASX: CAF) for a consideration of $13 million. COG has utilised cash and debt to fund the acquisition. The approximately 39.56 million shares were bought
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Within a month of its Forest Service radio’s launch, AEM signs contract with Canadian Helicopter provider for deployment
AEM’s newly launched Forest Service radio, the MTP136D, is flying off the shelves, as the electronics manufacturer Structural Monitoring Systems (ASX: SMN) subsidiary signed a contract with a Canadian-based helicopter provider within a month of its launch. The contract has been signed with Yellowhead Helicopters, based in British Columbia and Alberta. For over fifty years,
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Novatti cashing out of Reckon investment, clears debt to simplify payments business
Digital payments company Novatti Group (ASX: NOV) will save $4 million over the next four years having cleared their balance sheet of debt and corresponding interest payments after selling their stake in business software company Reckon (ASX: RKN) in favourable circumstances. As shareholders of Reckon, Novatti has earned $15.2 million in cash dividends since acquiring
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Australian Agricultural Company beefs up cost-saving efforts after declining sales
Two hundred years ago, the cattle farming company Australian Agricultural Company (ASX: AAC) was set up to produce wool, tobacco, flax and more until it transitioned to cattle breeding. While its problems then had to do with the quality of land; now, it is part of the modern zeitgeist, having to bear massive inflationary pressures.
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Rice, rice, baby: YPB Group signs three-year deal with Addera for rice packaging in Peru
Authentication and consumer engagement solutions creator YPB Group (ASX: YPB) has signed a three-year Master Service Agreement (MSA) with Addera, a Peru-based packaging company with clients in the country’s rice industry. Rice is a significant industry in Peru, accounting for 12% of agricultural production by value. Come 2026, the South American country is expected to
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Are digital humans the future of online business? McKinsey and UNITH say yes
A 2023 McKinsey report shed light on research wherein one company with 5,000 customer service agents saw its issue resolution improve by 14% an hour, time spent reduce by 9%, and requests to speak to a manager decline by 25%—and it’s all thanks to generative AI. According to McKinsey, USD $4.4 trillion of value that
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OnTheHouse integrates Openn Offers after customers complain of missing price info and competition
No more under-the-table deals, greasing palms, and paying more than you should, only to discover later that you got duped and were embarrassed to do anything about it. PropTech company Openn (ASX: OPN), through its private treaty platform Openn Offers, is attempting to enable fair market exchange between property buyers and sellers. In doing so,
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The ugly side of the beauty business: McPherson’s to lay off 40 employees following poor year
A streamlined portfolio, new leadership, and layoffs—Aussie health, wellness and beauty products brand McPherson’s (ASX: MCP), the brand behind Manicare, Lady Jayne and Fusion Health, has begun damage control after its FY23 financials painted a worrying picture for shareholders. The Company’s new strategy will focus on its higher margin and higher growth categories where McPherson’s
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MedAdvisor’s PlusOne platform wins Queensland healthcare pilot contract
Covid-19 reimagined the world’s approach to healthcare. While it put excessive strain on healthcare employees, it urged companies and governments to think outside the box and develop a more sustainable system for the post-pandemic world. Of course, that looked different for everyone. For countries like Estonia and the US, it entailed boosting telehealth services. For
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First patients dosed in Phase 2 clinical trials to tackle Parkinson’s disease
Parkinson’s UK, in collaboration with Australian researchers, has taken a major step towards preventing the development of Parkinson’s disease with the first Australian patient in a Phase 2 clinical trial having been dosed with PXS-4708, a novel drug aimed at tackling Parkinson’s before its onset, along with other neurodegenerative disorders. The multi-national trial was initiated
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Catapult generates positive cash flow for the first time since 2021, becomes official supplier for NASCAR
After months of investing in new products and signing new contracts, sports performance analytics company Catapult (ASX: CAT) has scored big. For the first time since September 2021, the Company has generated positive free cash flow amounting to $2.2 million. And that is just scratching the surface. Catapult’s total revenue grew to $77 million, up
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Pivotal week for global markets as the ticking time bomb awaits
The week ahead may prove pivotal for the global bond markets. The US has roughly $33 trillion in Federal debt, at an average interest rate of roughly 3%, which generates around $1 trillion per year of interest cost. Based on current expectations, the Congressional Budget Office guesses that the government deficit from 2024 through 2033
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ECS ditches new cartridges to enter vapes and pastilles market
As of early 2023, over three million Aussies aged 14 and above were found to either smoke or vape. With a greater number of teens and young Aussies taking up vaping, it has created a massive potential market for cannabis cultivators and manufacturers like ECS Botanics (ASX: ECS). ECS is launching a range of GMP-certified
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Skyfii signs $5 million contract with Abu Dhabi International Airport amid rebranding initiatives
Make passengers stand long enough in a queue, and you will eventually face their wrath. This is especially true at airports, where concerns about missing a flight take precedence (sometimes even over civility). As artificial intelligence (AI) grows, it can be helpful in analysing passenger data, helping you optimise how long it takes for them
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Sierra Rutile faces cash crunch as High Court of Sierra Leone rules against them
Legal proceedings against rutile miner Sierra Rutile (ASX: SRX) in 2018 are to finally reach a conclusion with the High Court of Sierra Leone ruling against the producer, ordering the company to pay USD $1.16 million (approx. AUD $1.8m) to Transcend International Resources. The judgement ruled in favour of Transcend which lodged a claim totalling
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Massive US rally from US on Friday, XJO futures modestly higher
The XJO is expected to edge higher on open this morning following a strong move up in the U.S on Friday. Their futures are in the red this morning which may help explain our relative muted open despite their renewed confidence on Friday. We should retest 7,000 open, a level of resistance our market has
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From design to development: Archer successfully validates its Biochip gFET design with German foundry
According to UBS, 3.16 billion people cannot reach a healthcare facility by foot within an hour, with many battling with poverty and inaccessibility to resources. But what if people didn’t have to delay? What if they could use a microchip to diagnose, monitor and upload their data, which a doctor could digitally survey? That’s the
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REA listings see increase amid rising interest rates and home values
The average Australian’s home-owning dream is all but out of reach, with rising interest rates being dubbed more persistent than ever. Home values are increasing, as are financial pressures. For property and real estate companies like REA Group (ASX: REA), this has meant dwindling consumer confidence. In Q1 FY24, REA saw a modest 1% increase
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Join the FAM: Centrepoint Alliance acquires Financial Advice Matters for $10 million
Financial services company Centrepoint Alliance Limited (ASX: CAF) is set to acquire Brisbane-based financial advice firm Financial Advice Matters (FAM). The $10 million acquisition of FAM is forecasted to add significant revenue to Centrepoint, expand its team of salaried financial advisers to 19, and create a financial advice group with the scale to expand in
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SHAPE reports $291 million in project wins so far in FY24
From JW Marriott’s Gold Coast Spa to Curtin University’s computer lab, Sydney-based national fit-out and construction services specialist SHAPE Australia (ASX: SHA) has worked on about 7,000 projects raking in $9 billion. In keeping with that, the Company has kicked off FY24 strongly, with more project wins across its core business and three growth and
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Mighty Kingdom’s largest shareholder warns of bankruptcy, demands Chairperson’s removal at upcoming AGM
In a story-line fit for a video game, gaming company Mighty Kingdom (ASX: MKL) is set for a drama-packed AGM on November 29 with the Company’s largest shareholder Shane Yeend utilising his massive social network to highlight Mighty Kingdom’s dire financial situation in order to have current Chairperson, Michelle Guthrie, ousted. In a LinkedIn post
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Vitura receives first MDMA for its newly-minted psychedelics arm Cortexa
In May 2023, diversified digital health company Vitura Health (ASX: VIT) announced a joint venture with Canadian psychedelic company PharmAla Biotech, giving birth to its Melbourne-based psychedelics arm, Cortexa. Providing an update on the 50-50 venture, the Company has noted an “Australian first” win. Its MDMA bulk GMP (good manufacturing practice) Active Pharmaceutical Ingredient (API)
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Parkway partners with Energy Estate to boost sustainability initiatives in Queensland
Aussie CleanTech company Parkway Corporate (ASX: PWN) and Australian clean energy development firm Energy Estate have entered into a strategic partnership to advance sustainability initiatives in regional Queensland. The partnership seeks to leverage the strengths of both organisations to address several vital opportunities. Key focus areas include renewable energy, green chemicals, and waste disposal, with
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Island Pharmaceuticals receives ethics approval for Dengue fever drug
The world could soon be one step closer to a preventative for Dengue fever with Island Pharmaceuticals (ASX: ILA), an Australian antiviral drug development company obtaining Human Research Ethics Committee (HREC) approval to initiate its human trials for drug ISLA-101. This step of the regulatory approval framework is a significant step forward in the Company’s
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Markets get caught by a triple surprise | Economic Update
Interest Rates The markets were caught by a triple surprise last week. Firstly, the Treasury opted to issue less 10 and 30-year bonds and more 3-5 year bonds for its refinancing, then the ISM manufacturing and services PMI data was weaker, and finally the non-farm payrolls were weaker than expected. This brought about what looks
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It’s official: Weebit Nano has achieved its first dollar of revenue!
This is no wee bit of news; it’s a major milestone for Aussie semiconductor company Weebit Nano (ASX: WBT). The Company, known for developing advanced memory technologies for the global semiconductor industry, has received its first IP licensing revenue worth $153,536 (US$100k) for its embedded Resistive Random-Access Memory (ReRAM) technology. Though this revenue is small,
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Pureprofile reports 36% earnings growth as global expansion plans bear fruit
Data is everything. Today, consumer data rules the roost, driving business decisions and platform updates. And how do you get this data? One way is through the Pureprofile platform (ASX: PPL). Pureprofile is a data, insights and advertising company focusing on getting consumer surveys and helping ad agencies. In Q1 FY24, the Company saw its
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TZ Limited secures $2.6m purchase order for smart lockers in pursuit of ambitious profit target
A global transport and logistics operator has tapped Aussie tech company TZ Limited (ASX: TZL) for $2.6 million worth of smart lockers and software, a rapidly growing technology in the online shopping era where products (even food) is becoming increasingly at risk of theft. The order is expected to be delivered by TZL by early
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Archer makes major advances towards lab-on-a-chip technology
A semiconductor company with a quantum computing and medical diagnostics focus, Archer Materials Limited (ASX: AXE), has announced a notable development in its advanced Biochip graphene field effect transistor (gFET) technology. Archer has successfully demonstrated multiplexing readout capabilities for its Biochip, i.e. they have shown the device can make sense of multiple liquid samples arriving
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Austco Healthcare wins $3.8 million contract to update nurse call system for two Singapore hospitals
HealthTech company Austco Healthcare (ASX: AHC) has locked in a $3.8 million contract to update the Tacera Nurse Call system at Ng Teng Fong General Hospital (NTFGH), a 700-bed facility, and Jurong Community Hospital (JCH), a 400-bed facility, both part of the Jurong Health Campus. The upgraded Care Communications System will introduce updates to elevate
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Findi wins extension contract with the State Bank of India till new contract is enforced
Following its 10-year-long contract win with the State Bank of India (SBI) starting September 2024, digital payment and financial services provider Findi Limited (ASX: FND) has extended its current outsourcing agreement till the new one kicks in. The extended SBI contract is expected to deliver $27 to $29 million in revenue and $9 to $10
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AUB subsidiary Tysers settles case with US Department of Justice for over $72 million as company reports revenue growth
In March 2022, London-based insurance broker Tysers came under the scanner of the US and UK authorities. A few insurance brokers, including Tysers, were accused of bribing Ecuador’s government officials to secure clients. As Tysers dealt with the investigation, in May 2022, Aussie insurance brokers AUB Group (ASX: AUB) acquired it for $880 million. As
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Range achieves revenue growth as it awaits hearing date for the Indonesian tax office case
After struggling with cash and being suspended from the ASX, Range International (ASX: RAN), the manufacturer of Re>Pal ‘zero-waste’ plastic pallets, has reported its Q3 2023 results, achieving its second-highest quarterly sales revenue. The impact of the US currency exchange rate was evident in Re>Pal Indonesia’s Q3 2023 sales revenues, which, at $802.1k, fell below
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As cash dwindles, Advanced Health Intelligence lists collabs and partnerships to turn things around
With its cash reserves dwindling, digital health company Advanced Health Intelligence (ASX: AHI) is having to make a strong case for itself among shareholders. One of its bigger moves is the US FDA submission of July 2023. The purpose of an FDA Section 513(g) submission is to obtain clarification on the regulatory pathway for a
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Keypath Education’s healthcare focus in the US and APAC boosts EBITDA
The global healthcare workforce is set to experience a squeeze, as the WHO estimates 10 million fewer workers by 2030. Lack of funding, disproportionate migration and low wages are just some of the reasons. This is a worrying picture, especially following the Covid-19 pandemic. One company working towards remedying this is the global EdTech provider
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Netlinkz undertakes capital raising, secures contracts for its satellite division Starlink
After a brief ASX suspension for not reporting its financials on time and incurring a loss of nearly $12 million in FY23, software company Netlinkz (ASX: NET) is looking to alter its course in FY24. In Q1 FY24, the Company, which develops intelligent networking solutions, reported revenue of $6 million, marking a 34% uptick on
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Good Drinks Australia’s hospitality revenues boom even as overall beer market softens
By 2027, Australia’s beer market is set to be worth $25.11 billion, but with growing competition, it’s not enough to just sell great beer; companies must now sell an experience. That’s why Australian brewing company Good Drinks Australia (ASX: GDA) has left behind its pokies days to focus on more beer. In Q1 FY24, the
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Anagenics reports steady earnings as beauty, health, and wellness spending remains intact
Despite evolving lifestyles encouraging more thoughtful financial choices, Australians remain committed to investing in premium beauty, health, and wellness products. The nation claims the 10th spot globally with US$84 billion spent on wellness items, while the national revenue in the Beauty & Personal Care market amounts to US$7.22 billion in 2023. Amidst economic challenges, Anagenics
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Bond market wakes up from its hypnosis | Economic update
In Australia the release of the monthly CPI data upset the bond market that had been hypnotised by the relentless beat of the banks, media, and government messaging that inflation would keep declining. Although no one expects inflation to decline, or rise for the matter, in a linear manner, many in the market did the
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Adore Beauty’s loyalty programs prove fruitful with revenue bump in tough retail conditions
Aussies and discretionary spending have a love-hate relationship right now. Treating yourself to something nice can temporarily relieve the stress of ongoing financial pressures, but it’s often accompanied by a hint of guilt. Rising costs have hurt both consumers and businesses as they try to focus on strategies to stay afloat. For online beauty retailer
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Novatti seizes opportunity in Australia’s cashless transition as revenues rise while expenses drop
Capitalising on the evolving financial landscape where the Reserve Bank of Australia is preparing for legislative changes in line with the direction of a cashless economy, digital payments company Novatti Group (ASX: NOV) has reported strengthened results with both revenue growth and expense reduction. Over the past six months, Novatti has been undertaking a strategic
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Pointerra bags $500k contract with Enel, teams up with Carbonix and Emesent for its data analysis platform
After suffering some major financial blows in FY23, Data-as-a-Service (DaaS) company Pointerra (ASX: 3DP) is offering some relief for shareholders. The Company has signed three agreements, with Enel Colombia, Emesent and Carbonix, for its data tech. However, the contract value of only one of these is known, leaving investors wondering how these will impact revenue
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EVZ celebrates strong quarter with contract wins and engineering projects meeting delivery milestones
A bevy of large contract wins have delivered a financial boost to engineering and construction company EVZ (ASX: EVZ) which has expanded into new regions that are seeing growth thanks to major project works. Brockman Engineering, a key subsidiary under EVZ, continues to make significant strides with their Viva Energy Strategic Storage project, located adjacent
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JATCorp sues Chinese competitor for calling products “fake”, posts 186% revenue increase in September quarter
In any industry, there is more than one way to get ahead. One, of course, is doing your job and doing it better than anyone else. Another is destroying the competitors’ image so you are the only reliable option left standing. The latter is the approach Australia-Asia food trade specialist JATCorp (ASX: JAT)’s Chinese competitor
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Webcentral enters agreement to partially sell its domains business at mammoth valuation
Digital services company Webcentral (ASX: WCG) has pulled off a substantial M&A coup having secured an agreement to sell two-thirds of its domains business for $165 million. Making the deal most remarkable is the fact Webcentral was trading with a market cap of just $36 million ($0.11 per share) prior to the deal being formalised.
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Algorae Pharmaceuticals collaborates with UNSW for AI biopharmaceutical prediction platform for dementia and heart diseases
As of 2023, over 400,000 Australians live with dementia, with over a million people assigned to their care. It is the second leading cause of death in the country overall and the leading cause of death in women. What’s worse, Australia’s growing ageing population makes this statistic all the more worrying. In a bid to
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G8 sells off 31 underperforming childcare centres to Genius Education for reallocation of resources
Early education provider G8 Education (ASX: GEM) has signed a conditional agreement to sell 31 centres to TAK Operations, part of the private national childcare provider Genius Education Group. What’s more, G8 will pay $26.5 million to Genius, comprising transaction costs and adjustments, with the funds to be allocated across its 31 centres. The 31
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Mad Paws inches closer towards cash flow positivity as Aussies won’t hold back on pet care spending
With one of the world’s highest pet ownership rates at 69%, Australia’s 2022 national pet survey reveals Aussies spare no expense in caring for their pets, of which they are parting with over $33.2 billion per year for the well-being, including food, grooming, and accessories of their beloved fur friends. Online pet ecosystem operator Mad
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Dumb Ways to Die: the viral audio that perked up PlaySide’s revenue
You’ve probably heard the Dumb Ways to Die audio while scrolling on Instagram or TikTok, but did you know where it’s from? The Melbourne rail campaign, Dumb Ways to Die—the franchise which has been under Aussie video game developer PlaySide Studios (ASX: PLY) for about two years now. Besides that, the studio has a broad
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Harris Technology to expand private label tech products into Australia in time for retail season
As consumers around the world face inflationary pressures, there has been a rising trend towards low-cost alternative tech products, a trend that eCommerce company Harris Technology (ASX: HT8) is capitalising on overseas and is set to make these products available to Australians in time for Christmas. Over the past 12 months, Australia’s retail industry has
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Reduced household budgets hurt Cluey’s revenue, cost-cutting measures introduced
Even after its cost-cutting initiatives proved helpful, tutoring firm Cluey (ASX: CLU) has been dealing with setbacks in the face of reduced household budgets. The Company reported a 17% decline in revenue, with earnings taking a hit. In Q1 FY24, the EdTech company made notable improvements in its financial performance in other areas. The Company
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After selling US arm to focus on Australia, PointsBet gets the winning ball rolling
While most companies create grand plans to enter the US, online wagering company PointsBet (ASX: PBH) is glad to wash its hand off its American arm since selling it off to Fanatics Betting and Gaming in August 2023. With the first installment of $275.4 million being received, PointsBet is finally focusing on its Australian and
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IncentiaPay rejects takeover offer, cites undervaluation and uncertainty
Loyalty pays. Just ask IncentiaPay (ASX: INP) which has firmly rejected an unsolicited takeover proposal from a Melbourne-based loyalty and rewards program operator with a focus on the dining sector. The indicative offer, made on October 20, 2023, sought to acquire 100% of the IncentiaPay’s shares for a cash value of $0.0049 per share. INP
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Syntara accelerates clinical trials and blood cancer drug pipeline following mannitol business sale
Syntara – it’s a name that biotech investors will be hearing a lot in the years to come with the Company set to accelerate clinical development of its novel drugs to treat blood cancers. Syntara* will be the new name for Pharmaxis (ASX: PXS) which has sold its mannitol respiratory business and is pursuing an
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Bubs goes full steam ahead with US FDA trials in rising market for infant formula
Baby formula and food company Bubs Australia (ASX: BUB) spent a large part of FY23 undertaking reputation management as its dirty laundry was hung for the world to see. Boardroom disputes, miffed shareholders, lawsuits, and a CEO ousting—the Company had to work in overdrive to maintain shareholder confidence. The impact of its decisions can be
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Cash Converters revenue rises as Australians battle inflation and seek loans
Cash Converters (ASX: CCV) is like that great friend who lends you money (few questions asked) and gives you their hand-me-downs and takes things you no longer want. As a bonus, Cash Converters gives you money for taking things you no longer want. With more interest rate hikes anticipated and people reeling under financial stress,
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RBA’s interest rate dilemma and the importance of timing | Economic Update
The markets, at both a bond and currency level, are now forecasting that the RBA has fallen behind the curve with its interest rate moves. The RBA is now expected to increase rates by 25bps at the November meeting and then remain on hold until the February meeting, when a new RBA interest setting board
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Streamplay expands its reach to Vanuatu in collaboration with Digicel Pacific
The 335,000 residents of Vanuatu will soon be targeted by mobile gaming and entertainment company Streamplay Studio (ASX: SP8) which has expanded into the island nation through its strategic partnership with Digicel Pacific, the largest telecommunications provider in the region. The expansion will include marketing Streamplay’s competitive casual gaming and esports technology, music streaming services,
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Whispir CEO resigns, as company undertakes capital raising following a difficult year
In November 2022, Software-as-a-service (SaaS) communications workflow platform Whispir Limited (ASX: WSP) laid off 30% of its staff, saving millions of dollars and sending its share price soaring by 40%. However, that didn’t entail disembarking from its cost-cutting train. Whispir is continuing to consider avenues for savings, and as it does so, its CEO has
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Love Group swipes left on revenue as Bangkok and Hong Kong see falling demand for consultations
While shows like Indian Matchmaking and Bachelor in Paradise might make you chuckle, there is no denying the reality they are rooted in. Many singles, struggling to find a partner using their own devices, turn to professionals to make their romantic dreams come true. By 2026, the global matchmaking industry is set to be worth
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Mayfield Childcare reaches settlement to recoup $1 million from former CEO
Mayfield Childcare (ASX: MFD) is set to recoup $1 million from its former CEO Dean Clarke after a settlement was reached between the early childhood operator and its former boss in relation to misappropriation of funds which promptly led to Clarke’s termination in 2022. The misappropriation of funds was first brought to public attention in
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It’s not a 1derful world for Future First Technologies, as its $3.75m investment is placed into administration
In July 2020, software company Future First Technologies (ASX: FFT) invested $2.5 million in shares in tailored payment solutions company 1derful, gaining an 8.8% equity stake in the company. Come 2021, it invested a further $1.25 million. Now, the Company’s stake hangs in the balance as it has received word that 1derful has been placed
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Increasing wages puts pressure on Millennium Services with no material contracts wins, reports negative cash flow
In Australia, the commercial cleaning services industry boasts a $2.2 billion market valuation, with its size having grown 2.5% per year on average between 2017 and 2022. Lucrative as it may sound, the pandemic did little to boost the industry. A tight labour market, supply chain issues and Covid-induced shutdowns proved a difficult time for
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From cannabis to telehealth, Vitura expands portfolio with $25m Doctors on Demand acquisition
Bringing pharmaceutical weed to telehealth, medical cannabis company Vitura Health (ASX: VIT) has decided to acquire telehealth company Doctors on Demand for an aggregate consideration of $25 million. This deal includes an upfront cash payment, a deferred cash component, and an equity stake. The acquisition marks Vitura’s leap into new healthcare verticals, including urgent care,
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Doctor Care Anywhere witnesses margin growth following successful launch of Mixed Clinical Workforce
Since launching its Mixed Clinical Workforce program in June 2023, telehealth company Doctor Care Anywhere (ASX: DOC) has expanded its capacity to serve customers, ultimately contributing to margin expansion and growth potential. For the three months ended 30 September 2023, Doctor Care Anywhere’s telehealth platform delivered 180,700 consultations during the quarter, marking a 29.8% increase
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SKS Technologies kicks off FY24 with bang following contracts from Defence Force, Australia Post, Flagpies and more.
IT and audiovisual company SKS Technologies (ASX: SKS) has recorded a positive first quarter for FY24, achieving cash receipts from customers of $26.83 million, marking a 15.4% increase on Q4 FY23 and a 2.7% increase on the previous corresponding period, which collected cash receipts of $26.12 million. During the quarter, SKS Technologies obtained several major
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Credit Clear licks lips as Australians set for massive debt pressure when fixed rate home loans expire
Australian households are on the brink of financial turmoil as an increasing number of fixed-rate home loans expire, leaving them exposed to higher variable interest rates. With the Reserve Bank of Australia (RBA) reporting a significant spike in borrowers experiencing negative cash flows, Credit Clear (ASX: CCR) anticipates that more Australians will fall behind on
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Rare Foods Australia sees abalone sales rise despite a relatively quiet winter
You’ve probably heard about the scarcity bias—the more challenging something is to acquire, the more valuable it is, and the more we want it. Premium foods and wild-caught fishery company Rare Foods Australia (ASX: RFA) caters to that bias with ocean floor-matured wine and abalones (typically priced at about $60 per kg at fish markets).
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AFT Pharmaceuticals locks in $9.4 million agreement after US FDA approves pain relief drug Maxigesic IV
For the second time this year, pharma company AFT Pharmaceuticals (ASX: AFP) has bagged the US Food and Drug Administration’s (FDA) approval. In March 2023, it was approved for Maxigesic Rapid, a rapid-release tablet for acute pain. This time, it’s for Maxigesic IV, the intravenous form of its patented pain relief medicine. The approval was
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Chinese tour groups set to return to Australia as Novatti sees 67% growth in digital wallet payments
A wave of tourists from China is expected to land on Australian shores in the coming months as tour groups return for the first time since before the pandemic. Chinese tour groups contributed $581 million to the Australian economy in 2019, providing a great opportunity for digital payments company Novatti Group (ASX: NOV), which has
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Digital Human platform building momentum as UNITH signs its most clients in September quarter
As more businesses around the world seek solutions to address unreliable staff and reduce excess payroll expenses, artificial intelligence company UNITH (ASX: UNT) is solving all of these problems for them, signing its most clients in a single quarter to its Digital Human platform. Driving increased commercial activity has been tech advancements made in the
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Volpara cash flow positive for fourth consecutive quarter as demand for early breast cancer detection tech grows
HealthTech company focused on early detection of breast cancer, Volpara Health (ASX: VHT), has reported a fourth consecutive positive net operating cash flow quarter. As a result, it does not have to submit quarterly ASX updates anymore. What’s better, the Company surpassed its initial guidance by a year and a half. For the quarter ended
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TALi enters cash flow positivity, renews Genius Learning agreement and eyes M&A
Parenting is no cakewalk. Over 30% of new Aussie parents worry about their child developing an internet addiction. What’s more, they find parenting all the more challenging if their child has complex issues. Melbourne-based medical device company TALi Digital (ASX: TD1) provides parents with virtual games, like Ready, Attention, Go (which won a Red Dot
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SelfWealth rolls on without a permanent CEO after rebuffing takeover approach by Stake
No CEO, no problem. Despite the abrupt exit of the former CEO Cath Whitaker in July 2023, her absence has had no impact on online share trading platform SelfWealth (ASX: SWF) which again reported positive operating cash flow, fresh off the back of a takeover offer by rival Stake, which has been knocked back. For
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Hydrogen, the new low-cost energy source: Hazer’s commercial demonstration plant funded for construction
Tech development company Hazer (ASX: HZR) is advancing its presence in the clean energy sector with the Hazer Process. This proprietary process focuses on converting natural gas and methane feedstocks into hydrogen and advanced carbon materials, utilising iron ore as a pivotal catalyst. One significant indicator of Hazer’s progress in the low-cost, low-emission hydrogen technology
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Titomic Chosen by Airbus as cold spray equipment supplier for planes and equipment
Tech company Titomic (ASX: TTT) has strengthened its standing in the engineering company with a big win having been selected by global aviation giant Airbus for cold spray equipment which will be used as part of their maintenance protocols. For Titomic, the partnership is poised to redefine its standing in the aerospace industry by integrating
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Dropsuite total paying users exceed 1.1 million in Q1 FY24 even as legacy partner takes 50k on exit
Today, backup is everything. With data breaches and cyber attacks, every morsel of information is vulnerable. What’s more, while you may be backing up your information to Google Drive and OneDrive, even these cloud services require backup. After all, 84% of companies don’t back up their SaaS data in the US. That’s where global cloud
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As competitors withdraw, Coventry carries on with 10.8% earnings growth
There is a massive spotlight on high-growth industries like infrastructure, mining and construction, especially as immigration booms and property prices rise. For companies like industrial products distributor Coventry Group (ASX: CYG), this is the opportunity to milk the potential cash cow.
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Vysarn ventures into water asset management with the launch of new fund
It may be the world’s most plentiful resource but make no mistakes, do not underestimate the value of water! It’s just one reason water technology company Vysarn (ASX: VYS) has launched its latest venture, Vysarn Asset Management, which will focus on investment opportunities in the realm of water.
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Simble secures new energy system contract with exposure to 15,000 clients across Australia
Amidst corporate engagement with environmental concerns and energy efficiency, the need to elevate sustainability and energy management is on the rise. This has opened up opportunities for companies like Simble Solutions (ASX: SIS), which offer software solutions and consulting services to assist these corporations in achieving Net Zero carbon reporting and improving energy efficiency while reducing carbon emissions.
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Melodiol reports positive results from Halucenex trials for magic mushrooms to treat PTSD
In Australia, about 43% of people aged between 16 and 85 had experienced a mental disorder at some point as of 2023. Between 2021 and 2022, over 44 million mental health-related meds, largely anti-depressants, were dispensed. While traditional treatments are only about 20 to 30% effective in treating anxiety and depression, recreational cannabis company Melodiol
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DC Two sale terminated as clients abandon ship, name change imminent
A few months can be a long time in the world of capital markets as witnessed unfortunately by data centre provider DC Two (ASX: DC2) which has had a $3 million pay day terminated following a series of setbacks, including the loss of key clients.
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First Graphene secures agreement with UK’s largest cement manufacturer to produce graphene-enhanced cement
Cement is responsible for about 8% of the world’s carbon emissions, more than the aviation industry. With climate change in focus, more and more businesses are undertaking ambitious carbon emission goals, allowing sustainable-first companies to broaden their client base.
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SRG Global wins $90 Million NSW Government Contract for Transport infrastructure
Leading engineering and construction company SRG Global (ASX: SRG) has added another major project to their pipeline having been awarded a $90 million contract from the New South Wales (NSW) Government for a major roads upgrade in Southern NSW.
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Althea’s cost-cutting proves effective, enters positive cash flow in Q1 FY24
After witnessing a cash burn of $368k in the previous quarter, Cannabis-based pharmaceutical company Althea Group (ASX: AGH) has entered cash flow positivity from its operating activities in Q1 FY24, resulting in a net cash inflow of $35,000. This achievement can be attributed to the Company’s successful cost-cutting initiatives, which have begun to yield results.
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Suspended but not surrendered: Wide Open Agriculture acquires assets of Prolupin for $4.1 million
In April 2023, food and agriculture company Wide Open Agriculture (ASX: WOA) was suspended from the ASX after failing to prove its funding claims. What was supposed to be a nine-week hiatus has turned into a months-long suspension with no end in sight. However, that has not stopped the Company from pursuing commercial opportunities that
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Aurora launches new 3D printer for faster and cheaper commercial use across defence, aerospace and oil
As 3D printing grows, companies attempt to stand out with their iterations. In that vein, Perth-based industrial tech company Aurora Labs (ASX: A3D) has focused on developing faster and cheaper tech that can be used for big projects.
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Original Juice Co sales surge 13% to outperform general grocery sales by 5x
While Australians may be cutting back their retail spending due to inflationary pressures, they have no qualms staying in and reaching for a cool bottle of orange juice, evidenced by a 23% increase in sales by The Original Juice Co (ASX: OJC).
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Swift wins new agreements in aged care and mining totalling $1.6 million
Specialised tech company Swift Networks (ASX: SW1) is expanding its market presence with recent agreements in the aged care and mining sectors, totalling $1.6 million.
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NoviqTech rebrand finalised as NVQ shares start trading as a digital ledger tech company
After securing the approval of shareholders, tech company NoviqTech (ASX: NVQ) has made its debut as an ASX-recognised name as part of its rebrand from TYMLEZ Group (ASX: TYM) to better reflect a new strategic direction that ties blockchain tech with sustainability tech. The rebranding is an expansion into the realm of carbon emissions reporting
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Cleo Diagnostics progresses ovarian cancer test kits for US, Australia, and EU markets
Just two months after it first floated on the ASX, ovarian cancer diagnostics company Cleo Diagnostics (ASX: COV).
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Spectur banks $614k from Southern Cross Protection security order
Solar security and visual artificial intelligence (AI) solutions company, Spectur (ASX: SP3), has locked in a financial commitment, receiving an advanced payment of $614k from Southern Cross Protection (SXP), representing the full amount of the contract.
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DroneShield launches DroneSentry-X for dual detect-and-defeat purpose
Detect and defeat: that’s the new DroneShield (ASX: DRO) rally cry as it launches the DroneSentry-X Mk2, or the DroneSentry-X.
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Streamplay buys MIGGSTER back for $1, pockets $2.5m from the deposit initially paid
Free money. It’s great when you can get it, especially if said money happens to be $2.5 million, which is the situation Streamplay Studio (ASX: SP8) finds themselves in.
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Clinical trial reveals promising outcomes for children with paediatric autoimmune neuropsychiatric disorders
PANDAS and PANS are debilitating conditions characterised by distressing symptoms, ranging from rage to signs of obsessive compulsive disorder.
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IPO Watch: Nido Education eyes ASX debut with vision for 100 centres
Australia’s childcare industry is thriving, with revenue expected to reach $17.2 billion by 2028-29, according to market researcher IBISWorld, driven by government support and extended attendance hours in 2023.
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Happy Tummies gets more shelf space across Walmarts after Nutritional Growth Solutions reports new agreement
American retail giant Walmart has increased its commitment to the global nutrition company Nutritional Growth Solutions Ltd (ASX: NGS) by awarding NGS an additional 55 stores for the placement of its new Healthy Heights product, Happy Tummies. This brings the total number of stores stocking Happy Tummies to 850, an increase of 55 stores from
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RemSense wins contract from Woodside Energy for virtual reality tech
Growing its influence across the resources industry, RemSense Technologies (ASX: REM) has won a new contract from Woodside Energy for its virtual reality technology that produces ‘virtual plants’ that creates a photographic visual twin of a plant.
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BluGlass wins spot in US Department of Defence’s CLAWS Hub to produce semiconductor photonic devices
For over two years, China has dominated the global semiconductor chip supply, producing about 80% of it, with the US making just about 12%.
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September 2023 Market Wrap and the ASX stocks that moved
US markets: US markets were lower, with the Dow Jones down -3.5% and S&P500 down -4.9%, as evidence of a resilient labour market reinforced the case for the Fed to keep rates elevated. Long-dated US treasury yields were higher, with the 2-Yr yield at 5.04% and 10-Yr yield at 4.57%, with the Fed Bank of NY’s
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Roots Sustainable receives purchase order from Silal Food and Tech for its root zone cooling tech
Come 2025, the Agriculture Tech, or AgTech, market is set to be valued at $35.8 billion, more than double 2021’s $16.6 billion. Supply chain management, farming, monitoring—the opportunities for AgTech companies are endless.
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Adacel secures new $93m air traffic management contract from the US’ Federal Aviation Administration
An ever-dynamic sector eager for constant enhancement, the air traffic control software industry is continually adapting to support the growing global aviation sector.
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No false alarms: International Monitoring Group acquires 3,100 Securely customers for about $842k
Security systems company Intelligent Monitoring Group (ASX: IMB) has struck a deal to acquire a new security business through its recently acquired subsidiary ADT Security Limited New Zealand.
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Pharmaxis accelerates clinical drug developments with additional resources via sale of mannitol business to Arna Pharma
With a burgeoning pipeline of drugs deeply advanced, clinical stage biopharmaceuticals company Pharmaxis (ASX: PXS) has streamlined its business with the sale of its mannitol respiratory business (MBU) and will now will focus their resources towards a much larger commercial opportunity in blood cancers haematological malignancies, aka blood cancers. The definitive sale agreement of its
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ECS Botanics secures exclusive supply agreement with MediCann for $24 million worth of cannabis flowers
B2B pharmaceutical company and medical cannabis cultivator ECS Botanics (ASX: ECS) has secured an offtake agreement to supply medical cannabis dried flowers to Perth-based medical cannabis company MediCann Health over the next five years.
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VisionFlex receives an additional $1.1 million purchase order from WA Primary Health Alliance
Australian digital health company 1st Group’s (ASX: 1ST) telehealth subsidiary, Visionflex, has clinched a significant deal with the Western Australia Primary Health Alliance (WAPHA). This marks Visionflex’s second purchase order from WAPHA for an additional 75 Visionflex Clinical Telehealth Carts, valued at over $1.1 million. The initial order, placed in August 2023, consisted of the
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Veem sets sail with Sharrow agreement to build exclusive propellers, enters $4 billion market
Advanced marine propulsion and stabilisation system developer VEEM (ASX: VEE) has signed an exclusive agreement with nautical engineering company Sharrow Engineering.
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Cyclopharm gets FDA green light to sell its lung imaging tech Technegas in the US
Radiopharmaceutical company Cyclopharm (ASX: CYC) is set to begin commercial sales of its lung imaging device Technegas in the US, following the Food and Drug Administration’s (FDA) stamp of approval on September 30.
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Rewardle enters the microinvesting space with bargain Upstreet buy
Following a successful strategy of acquiring wind-up businesses, tech company Rewardle (ASX: RXH) is set to offer micro investment services having acquired fintech Upstreet for pennies-on-the-dollar, just as the start-up was shutting down. Founded in 2019 within the Antler venture capital accelerator program, Upstreet originally set out to reward shoppers with fractional shares in Australian
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Genetic Technologies to employ its geneType test at Gold Coast Private Hospital for improved cancer diagnosis
According to the US Food and Drug Administration (FDA), Precision Medicine, or “personalised medicine”, is a new way of tailoring disease care by considering people’s unique genes, environments, and lifestyles. The goal is to give the right treatments at the right time.
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Mach7 Technologies extends medtech contract with Hospital Authority of Hong Kong, profitability beckons
In a significant development that continues to revolutionise healthcare services in Hong Kong, Mach7 Technologies (ASX: M7T) has announced a five-year extension of its partnership with the Hospital Authority of Hong Kong (HAHK).
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Noxopharm’s pancreatic cancer treatment drug slows tumour growth in mice, study shows
In 2023, pancreatic cancer transitioned from being a rare form to a common cancer in Australia—a troublesome statistic, seeing as it has very low survival rates of about 12%. The symptoms of pancreatic cancer are in advanced stages, making it difficult to treat.
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3 eCommerce companies ASX investors should add to their watchlist for the upcoming retail season
We have all but entered the silly season as people gear up for Black Friday, Cyber Monday, Christmas, Boxing Day and New Year’s Eve sales. They’ve got the seasonal bonuses and holidays to make the most of it. What’s more, these sales manage to perk up economies, with last year’s Black Friday sale generating record
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Bod Science’s Aqua Phase cannabis outperforms oil-based cannabis in absorption, concentration and onset speed
Traditional cannabis in the form of oil has had an absorption problem, making it less effective. But what if you blended it with starch, which boasts greater absorption without messing with the compound? Cannabis-focused drug development company Bod Science (ASX: BOD) undertook a study on the same, delivering some positive results. So positive, in fact,
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Botanix Pharmaceuticals faces 6 month delay in launching anti-sweating drug as FDA takes issue with treatment instructions
Patients suffering from axillary hyperhidrosis, a condition characterised by excessive sweating, may need to wait another 6 months for the treatment developed by dermatology company Botanix Pharmaceuticals (ASX: BOT) with US regulators not satisfied with the instructions provided alongside the treatment. The United States Food and Drug Administration (FDA) has issued a letter to Botanix,
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Can Clover’s IQ boosting solution make up for financial struggles impacted by China’s declining birth rate?
Nutritional ingredients producer Clover Corporation (ASX: CLV) witnessed a slight surge in its FY23 revenue, even as it battled growing inflation and falling demand, especially from China’s dwindling birth rates which hit a record low last year. Clover achieved an increase in revenue, reaching $79.9 million in FY23, up from FY22’s $70.7 million. However, this
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Thrive Tribe increases its stake in Daily Food as it launches Instagram-like health and wellness app
Sydney-based HR company focusing on wellness and mindfulness, Thrive Tribe Technologies (ASX: 1TT), has increased its shareholding in Daily Food, the brand behind Super Bites, the health snacks you might now find on Woolies’ shelves. Thrive Tribe has paid $132,000 to subscribe to additional shares to increase its shareholding from 37.5% to 54%. This boosted
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FOS Capital illuminates balance sheet with $3m KLIK lighting acquisition
Commercial lighting solutions company FOS Capital (ASX: FOS) is set to expand its portfolio inking an agreement to purchase KLIK Systems, a Sydney-based linear lighting manufacturer. The acquisition will be financed using FOS’s available cash reserves and debt facilities. The transaction is on track to conclude within a span of two weeks. The purchase price
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Wrkr extends workplace solutions engagement with Link Group via 3 year extension
Cloud-based workplace solutions provider Wrkr Ltd (ASX: WRK) has scored a significant deal to improve employer services for the Australian financial company Link Group. This includes helping with superannuation payments (clearing house) and employers’ process to contribute to superannuation (SuperStream Gateway), among other workplace compliance solutions. This contract builds upon a previous Master Services agreement
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DXN lands Government contract to deliver submarine cable project to Timor Leste
The 1.3 million residents of Timor-Leste will soon have much better access to technology with the the Government of Timor-Leste having engaged data centres company DXN (ASX: DXN) to supply and install a Cable Landing Station (CLS) as part of the Timor-Leste South Submarine Cable (TLSSC) project. The contract is valued at $2.1 million (66%
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Invion expands light-based cancer therapy to South Korea, the world’s top ten clinical study hub
Known for its clinical expertise, infrastructure, high population density, and government support, South Korea has ascended to the pinnacle of global clinical study locations thus has been chosen by life science company Invion (ASX: IVX) as its next destination of exclusive territory in deploying Photosoft technology to treat all cancer types. Ranked second in hospital
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Holista Colltech finally resolves ASIC investigation over pandemic sanitiser claims but with big penalties
When COVID was first introduced to the world, everyone wanted a slice of the hand sanitiser market but three years later, misleading claims by producers are being retrospectively called out by regulators, one of which has seen ASIC throw the book at biotech company Holista Colltech (ASX: HCT). After a long-running investigation and litigation which
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AHI teams up with Unisure to create digital health insurance app to improve policy pricing
Traditionally, underwriting for health insurance involves conducting blood tests and other examinations to understand how much insurers can afford. However, this process tends to be slow and costly, thus needing a better alternative. That’s where digital healthcare company Advanced Health Intelligence (ASX: AHI) comes in. The Company has entered a Letter of Intent (LOI) with
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Damstra signs $1.2m three-year agreement with Aussie coal producer New Hope
Workplace management solutions company Damstra Holdings (ASX: DTC) has signed a three-year agreement plus two one-year options with Aussie coal producer New Hope Corporation. The three-year agreement has an estimated contract value of $1.2 million. New Hope will implement the Company’s new Enterprise Protection Platform (EPP). The EPP will cover New Hope’s employees and contractors
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Waste-case scenario: Clean TeQ to acquire dewatering tech ATA for $3m for mine waste management
A 2023 survey found that, in the coming years, water management will be a top environmental concern among mining investors, with decarbonisation following closely behind. Investors expect miners to make better decisions, and water solutions treatment company Clean TeQ (ASX: CNQ) wants to help miners do so. The Company has decided to acquire accelerated dewatering
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PARKD signs exclusivity agreement with BlueScope’s Fielders to distribute IP and build products together
Step into IKEA, and you see trolleys filled to the brim with flat-packed items (there could be an entire home there). This flat pack enables a do-it-yourself building attitude, also making portability affordable. Now imagine if the same could extend to construction, where builders would just receive flat packed elements that they would need to
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Race Oncology’s cancer drug demonstrates 86% boost in increasing cell-killing activity
“Cancer” encompasses approximately 200 distinct disease types, and finding a single cure for all of them is unlikely. Each type of cancer requires a unique treatment approach, so there isn’t one universal cure. However, a recent study by Race Oncology (ASX: RAC) suggests a glimmer of hope, as its lead drug bisantrene has demonstrated strong
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Australian Government brings Micro-X’s Rover on board for X-ray imaging
Australian X-ray technology company Micro-X (ASX: MX1), known for its cold cathode X-ray technology used in health and security applications, has secured a Purchase Order worth $1.5 million from the Australian Government for its portable X-ray imaging tech Micro-X Rover systems. These Rover units are currently in stock and will go through final adjustments in
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New CEO, new products: KMD gears up for seasonal shifts and changing consumer sentiment
This year, Australia is witnessing its warmest winter since 1910, with spring not expected to make things better. Rough times lie ahead not just for Aussies but also for brands whose USP is winter clothing, like Kathmandu. Seeing its first full financial year of uninterrupted trade since the pandemic, retail company KMD brands (ASX: KMD),
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Optiscan to test real-time breast tissue sampling for instant identification of cancer cells
Over 20,000 Aussies are diagnosed with breast cancer every year and is the most commonly diagnosed cancer among women in the country. Therefore, early detection is crucial, and medical imaging is a large part of it. Given that, medical imaging tech provider Optiscan Imaging (ASX: OIL) is conducting a Breast Cancer Intraoperative Assessment study. The
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Axiom invests $1.5 million into fast growing PropTech business Realty Assist
In FY23, in the face of rising interest rates and inflation, property development and investment business Axiom Properties (ASX: AXI) decided to change tact. As companies embraced the artificial intelligence (AI) boom, Axiom got on board, setting its sights on PropTech. Globally, investments in PropTech grew from $23.9 billion in 2018 to $37.7 billion in
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FirstWave Cloud Technology targets North America expansion via Saisei Networks acquisition of clients and data engineers
Seeking to expand their presence in the North American telecommunications market, network software company FirstWave Cloud Technology (ASX: FCT) has acquired Saisei Networks Inc., a prominent network automation software company headquartered in Silicon Valley. The strategic acquisition will see FirstWave acquire 100% of Saisei’s assets in a move that will advance its network management capabilities
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SSH Group secures over $5m in new contracts across construction and government sectors
Business management consultant SSH Group (ASX: SSH) has bagged major wins within its recruitment and workforce management division, boasting an addressable market of over $23.7 billion. The Company has secured new and renewed contracts in both the construction and government sectors, totaling over $5 million. Within construction, SSH Group Safety, a subsidiary within its Recruitment
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BTC enters the acquires neuro-spinal medical products market with $720k acquisition
In 2022, the top five health problems plaguing the Australian population most were cancer, muscle and bone issues, heart diseases, mental health problems plus drug use disorders, and neurological conditions. Together, they made up about 62% of all health problems in the country. Clearly then, the neurological disease prevalence prevents a notable market opportunity—one which
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Spacetalk capitalises on mobile plan and smartwatch stock clearance
Once considered a hindrance to children’s development, technology is now embraced by parents for child safety and supervision. Smartwatches and GPS trackers serve as middle-ground options for those cautious about giving their children smartphones. The child safety smart device sector, particularly those with integrated mobile networks, is a burgeoning segment which contributes to the projected
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India records 10 new live births using Memphasys’ sperm selection device Felix
One in 15 Indian couples struggle with infertility, with the figure standing at one in six in Australia. IVF then becomes a viable option, with one in 20 Aussie couples opting for the procedure. Even so, with sperm deterioration over time, the IVF process becomes trickier. That’s where Felix comes in. Developed by Australian reproductive
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NASCAR engages Catapult for RaceWatch ID, the video replay system used by FIA
American motorsport fans will soon have a better experience with NASCAR having engaged sports technology company Catapult Group (ASX: CAT) for its RaceWatch ID, a video replay system popularised by the FIA in Formula 1. The multi-year agreement, which takes effect this season, will see Catapult’s RaceWatch ID, employed by Race Control and Competition officials
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Semiconductor foundry in Europe validates Archer’s graphene biochip design for advanced sensing
Australian semiconductor company Archer Materials (ASX: AXE) is one step closer to the next generation of medical diagnostics through the successful manufacture of its graphene ‘lab-on-a-chip’ biochip in a commercial semiconductor foundry. Scaling the design and production of graphene chips to be used as biological sensors is a significant challenge to commercialising what could potentially
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Flexiroam remains optimistic to become cash flow positive as eSIM becomes a must-have for travellers
Do you recall the days when getting a new SIM card was a crucial part of our travel adventures? It was a common sight to see travellers desperately searching for a SIM card kiosk upon arriving in a new country, all in an effort to stay connected without facing those dreaded roaming charges. However, in
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Revenge spending in action? Myer reports 18.2% net profit boost even as online sales decline
Department store chain Myer (ASX: MYR) has been in the business since 1900 and floated on the ASX in 2009. The Company has had a long journey, and in FY23 ending July 2023, the Company reported total sales of $3.36 billion, its highest since 2005. A milestone. The result includes the scale of its online
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Pental to divest consumer products to Selleys for $60 million, pivoting to eCommerce
Household cleaning products company Pental (ASX: PTL), the brand behind WhiteKing bleach and Jiffy firelighters, has decided to divest its Pental Consumer Products Business and manufacturing facility. Pental intends to sell its Consumer Products division (excluding Duracell and Bondi Soap) and the Shepparton manufacturing facility to Selleys, a division of chemical industry company DuluxGroup, for
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Retinal Eye Scanners: Restoring the lost hope for those who have lost vision
The eyes are the windows of the world, but for about one in seven Australians over the age of 50 years, they had no choice but to live with dark, blurry areas in the centre of their vision as a result of a condition called age-related Macular Degeneration (AMD). Being the second leading cause of
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Packaging insider seizes on low ASX valuation in attempt to acquire Pact Group
Packaging company Pact Group (ASX: PGH) appears to be seriously undervalued by investors which has prompted the Company’s Chairman to rustle up a bid to acquire the entire business. The bid comes from Kin Group Ltd, an entity controlled by the Geminder family, of which Raphael Geminder is Chairman of Pact Group, and comprises an
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As dengue cases rise worldwide, Island gets US patent for its antiviral drug ISLA-101
Nearly half of the world’s population is at risk of getting dengue, with cases expected to reach record highs this year. Sounding the alarm on its prevalence, the WHO dictates that there are about 100-400 million infections occurring each year. And global warming is to blame, creating a thriving environment for mosquitoes. Dengue fever’s presence
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South African civil aviation approves RocketDNA’s drone product, Drone-in-a-Box
You’ve probably heard of the burger joint Jack-in-the-box, now meet its older and more advanced (and rather unrelated) sibling: Drone-in-a-Box by RocketDNA (ASX: RKT). The drone automation company’s ‘drone-in-a-box’ (comprising a drone inside a big box) can now operate in South Africa after receiving approval from the South African Civil Aviation Authority (SACAA) for Remote
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Osteopore and Singapore Government-backed medtech firm joins forces to market orthopaedic products in China
The orthopaedic devices market is a multi-billion-dollar industry in China, particularly due to its large population facing orthopaedic challenges like arthritis, fractures, and sports injuries. Various treatments are growing in demand to improve mobility and reduce pain, and an ageing population with higher rates of osteoporosis is driving industry growth. Recognising the immense potential of
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FBR’s robot proves its merit by laying 240 blocks per hour, prepares for US deployment
In 2020, robotic tech company FBR’s (ASX: FBR) home building robot Hadrian X built house walls. In 2022, it upgraded to laying up to 500 blocks per hour. Come 2023, it has successfully built an outdoor structure while being operated by a tablet. This (hopefully) marks the final stage in its testing before Hadrian X
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Etherstack signs agreement with Telstra to trial its public safety mobile broadband tech for the Aus government
Real-time, wireless communication tech company Etherstack (ASX: ESK) has signed an agreement with telco company Telstra for the trial and evaluation of Etherstack’s innovative Mission Critical (MCX) 3GPP standards compliant Interworking Function (MCX IWF). Basically, it’s a technology that ensures communications work seamlessly and reliably with different systems during emergencies and for public safety. This
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Innovative insurance provider engages UNITH for digital humans to alleviate industry pains and hold times
Picture this scenario: you’re on hold, hoping to speak with an insurance agent about a policy. It’s been thirty minutes, and it seems like everyone in Australia has chosen this exact moment to make the same call. After finally connecting with someone, they can’t resolve the matter but if you wait another 30 minutes, someone
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Algorae debuts new name with AI modelling partnership with the UNSW
In a promising new chapter, Algorae Pharmaceuticals (ASX: 1AI), formerly known as Living Cell Technologies (ASX: LCT), has debuted its new name in a Memorandum of Understanding (MoU) with the University of New South Wales (UNSW). The MoU outlines a framework for a Master Services Research Agreement (MSRA) between both parties to develop an Artificial
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The IT business: Atturra to acquire Cirrus in $49.3m deal to create tech solutions giant
IT services company Atturra (ASX: ATA) has locked in an acquisition agreement for rival Cirrus Networks (ASX: CRN) for a total consideration of $37 million in cash plus additional shares. This transaction is poised to have a significant impact on the Australian IT services landscape, consolidating the position of Atturra as a leading player in
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Aspermont launches SCOUT to help companies tap customer data online
Today, data is everything. In an era where information reigns supreme, businesses seek innovative ways to harness its power and gain a competitive edge. B2B media services provider Aspermont (ASX: ASP) has recognised this imperative and launched SCOUT, an Intent Data service, to help companies identify and understand new customer purchasing intentions. SCOUT will use
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Freightways gears up for ASX debut to capitalise on thriving Aussie express delivery market
New-Zealand based courier and express delivery company Freightways (proposed ASX: FRW) has had a tough year in its home base operations. The Company had to endure a tight labour market, high labour costs, inflation, and disruptive weather, which raised operating costs and caused disruptions in their courier and temperature-controlled goods businesses. Much like its “Moving
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Automic makes bid to acquire competitor Advanced Share Registry at 32% premium
Set to join Australia’s fastest growing provider of share registry services, Advanced Share Registry (ASX: ASW) has received an offer to be wholly acquired by Automic Group at a 32% premium on their last traded share price. Automic, already the biggest disruption in the traditional share registry sector, has made big strides in the financial
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Direct marketing of biotags and global expansion mark BlueChiip’s cheery entry into FY24
A blue chip denotes the cream of the crop—the most put-together, high-quality company or share. So one can only imagine that naming your company Bluechiip would entail high expectations. And high pressure. Two years ago, advanced sampling management company Bluechiip (ASX: BCT) announced that it would directly market its Bluechiip-Enabled products to end-users, concentrating especially
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Atturra shoots for regional expansion, acquires Newcastle-based IT company for $5 million
Advisory and tech services company Atturra (ASX: ATA) is making headway into regional Australia, with its subsidiary Atturra Holdings acquiring Newcastle-based IT company Sabervox via a Share Purchase Agreement (SPA). As per the SPA, the acquisition will demand an upfront payment of $4 million in cash and $1 million worth of ATA shares. The deal
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Vmoto gears up for EV boom, sets up new manufacturing facilities to increase production capacity
In the Asian market, electric vehicles are set to see massive growth, with revenue projected to reach $671 billion by 2028. Going further left, in South America, the revenue is set to grow to $3.45 billion. Rest assured, as demand grows, it helps to have an early mover advantage. It’s just one of the reasons
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After 4 year certification process, Elsight partner Airobotics secures regulatory clearance to operate its drones above people
If you’ve ever had fears about being knocked out by a drone falling out of the sky, rest assured there is a massive regulatory hurdle for drone operators to overcome. So serious are the safety ramifications that it has taken drone company Elsight (ASX: ELS) and its tech partner Airobotics 4 years to meet the
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Carnegie Clean Energy wins $6.3 million EuropeWave contract
Wave energy tech developer Carnegie Clean Energy (ASX: CCE) has been selected to receive a $6.3 million contract as part of the competitive EuropeWave Pre-Commercial Procurement (PCP) programme. The Phase 3 EuropeWave contract will engage ’s wholly-owned subsidiary CETO Wave Energy Ireland (CWEI) to build and operate a CETO wave energy converter at a European
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Schrole sees highest ever software contract sales in August, training division thrives as client portfolio broadens
Human resources (HR) Software-as-a-Service (SaaS) provider Schrole (ASX: SCL) has had a better August than some, as its portfolio expanded beyond schools, appealing to mining companies looking to train new recruits. It’s no wonder then that Schrole Develop, its training division, has been doing well, with sales for August 2023 at $200,000, up 34% on
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Director resigns, liquidation fear looms as Phoslock struggles to raise funds after China problems
In 2020, water treatment company Phoslock Environmental Technologies (ASX: PET) came under the scanner for accounting irregularities and fraud in its China division. Subsequently, the Company’s financials suffered and it also lost some staff in China. Three years later, PET’s China management team has been restructured to reduce costs and focus resources on revenue-generating activity.
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INOVIQ teams up with ResearchDx for improved cancer biomarker detection
In 2023, the emerging cancer diagnostics market is estimated to be valued at over $23 billion. Everything is fair game in “finding a cure to cancer”—be it potentially using blood drops or narrowing in on exosomes, which are tiny structures our cells produce to transfer messages, proteins, lipids, the good stuff. These structures might also
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Genetic Signatures lodges FDA application for rapid test kit to detect intestinal parasites
Gastrointestinal (GI) parasites are a pressing public health issue, affecting both humans and animals. Unfortunately, these diseases often go undiagnosed due to limited awareness among healthcare providers and the lack of available diagnostic tests. In the US, undiagnosed GI cases impact at least 12 million Americans, causing health problems either through new infections or long-lasting
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Mayne Pharma buys the global rights to rosacea treatment cream RHOFADE for $12.4m
In FY23, pharmaceutical company Mayne Pharma (ASX: MYX) reimagined its business to focus on dermatology and other core businesses. In line with that, the Company has entered into an asset purchase agreement to acquire the global rights to the rosacea treatment RHOFADE (oxymetazoline hydrochloride) cream from medical dermatology companies Novan and its subsidiary EPI Health.
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Complii to acquire MIntegrity with plans to expand its client base and cross-sell regtech
Financial compliance consulting business Complii (ASX: CF1) is set to acquire financial services company MIntegrity to expand its regtech offerings and client base. This follows Complii’s acquisition of online share registry Registry Direct in August 2022. As part of the acquisition, the Company has gained control of all of MIntegrity’s assets, including the MIntegrity brand,
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Integrated payment capabilities for merchants and digital wallets driving Novatti growth
Over the past three years, cash payments have halved according to the Reserve Bank’s latest data, a societal trend being capitalised on by fintech company Novatti Group (ASX: NOV) which is benefiting through a 46% increase in their digital payments processing. Novatti has spent the last few years developing their digital payments ecosystem which allows
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Call for help: Dubber pushes call recording AI amid growing struggles
Call recording and voice intelligence software Dubber (ASX: DUB), boasting major clients like Telstra, Microsoft, Cisco and Optus, is pushing its AI tech and knowledge to recover from its intense cash burn in FY23. Pointing to its wins, the Company mentioned that Dubber’s platform was now a part of Telstra and Optus networks. By the
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PointsBet stems its losses with first payment from Fanatics for US business
Having widened its losses in FY23, wagering company PointsBet Holdings (ASX: PBH) has decided to let go of its US divisions, selling them to US-based Fanatics Betting and Gaming (FBG) for $333 million. The Company has received $270.10 million (along with agreed-upon adjustments) as the first payment out of the total purchase amount of $333
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As allied health services thrive, Healthia receive $260m offer to be acquired at 84% premium
It has not taken long for private enquiry firms to circle Healthia (ASX: HLA), Australia fastest growing physiotherapy and podiatry operator which has received an offer to be 100% acquired for $260 million. The binding Scheme Implementation Deed comes from Harold BidCo, an entity owned by funds advised by Pacific Equity Partners (PEP) at $1.80
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Invest in good investors, UNITH delivers big jump in value behind tech of its digital humans
For many investors, backing proven stock pickers can deliver mammoth returns. Just look at the Berkshire Hathaway investors that assign Warren Buffett to invest for them. But when it comes to artificial intelligence, younger heads may be the ones to follow as evidenced by AI company UNITH (ASX: UNT) which develops digital humans and reported
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After 20% headcount reduction, Airtasker reports revenue growth as business starts turning
Need some extra cash or extra assistance? Sites like online marketplace Airtasker (ASX: ART) make it possible. After suffering a slew of losses in FY22, the Company had to make some drastic moves to get back on track, and it appears to be working. Airtasker Group posted revenue growth of 40.4% on FY22 to $44.2
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Medical Developments eyes US commercialisation for Penthrox as it scales back in France
After scaling back investments in France and pulling the plug on its China trials, Aussie emergency medical solutions company Medical Developments International (ASX: MVP) has a renewed focus, one that helped it reduce its losses from $12.4 million in FY22 to $5.6 million in FY23. The earnings report showed a net gain of $10.3 million
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Harris Technology slashes inventory by 52%, encouraging sales from new international business
While rising interest rates put financial pressure on Australian households which slashed discretionary spending, online retailers could either take the high road or prepare their businesses to bounce back. For online retailer Harris Technology (ASX: HT8), it’s been the case of the latter through prudent cash management and upgrading into new verticals that will drive
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Careteq further penetrates its large and growing addressable market
Addressing industry thematics of cloud-based computing and technology disruption and the rapid aging of Western populations, Careteq (ASX:CTQ ) has released FY23 results that demonstrate it is penetrating these addressable markets and is moving closer to creating a sustainable business. Its suite of leading cloud-based assistive living technology solutions, encompassing intelligent sensors and devices, materially
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Carly reaches 82% increase in subscription revenue as Gen Z’s prefer car subscriptions over ownership
Picture this: you’ve ditched owning a car and paying a fixed lease, and instead, you’re treating cars like you do with Netflix or HelloFresh – through a subscription. Having a car available whenever you need it, with all the costs covered, no more surprise bills for maintenance, insurance, or registration. A commissioned research report suggested
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Garvan Institute preclinical study identifies potential of Pharmaxis drug to boost pancreatic cancer survival rate by 35%
Each year, more than 4,000 Australians are diagnosed with pancreatic cancer, a form of cancer which is difficult to diagnose and with limited treatment options. Thanks to a new study conducted by the Garvan Institute of Medical Research, however, a drug developed by biotech company Pharmaxis (ASX: PXS) could increase patient survival rates by 35%.
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Ava wins $800k contract to protect European airports using latest AI detection tech
Risk management services provider Ava Risk’s (ASX: AVA) new Aura Ai-X fibre optic sensing technology has been selected to protect a critical group of European Airports. Valued at about $800k, the contracts are for Satu Mare and Sibiu Airports in Romania and another Western European hub. As per the agreement, the Company will supply detection
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Ashley Services revenue rises by $100 million following two new acquisitions
Recent labour shortages despite migrant boom in Australia has compelled companies to review their hiring strategies, putting a spotlight on skilled workers and meeting them halfway. In July 2023, as full-time employment decreased by over 24,000, part-time employment saw gains of 9,600. To find the right employees, labour hiring services like Ashley Services (ASX: ASH)
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Cluey sees student sign-ups rise by 24%, replaces many full-time teachers with AI
There’s much to be said about creating a level-playing field, especially in education. Giving access to everybody is no longer enough—or perhaps never has been; the game was always about equity. Treating every student’s needs differently and with equal importance. That’s why tutoring has come into the spotlight, helping students who are falling behind get
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Zip writes off $170m in bad BNPL debts, but still an improvement on last year
Regardless of the ongoing debates over the financial wisdom of doing so, the fact remains that Buy Now Pay Later (BNPL) services have gained immense traction in Australia. They’ve significantly changed how people shop and pay as more Australians are turning to BNPL, even for necessities. Fueled by the surge, Zip (ASX: ZIP) has revealed
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Building expenses and reduced affordability push Simonds, but survives
Aussie real estate has suffered on multiple fronts over the past year. Rising interest rates, inflation, labour shortages, lack of materials (plus the high costs) and unfavourable weather gave birth to a rather bitter financial cocktail for companies, like home building company Simonds Group (ASX: SIO). In FY23, its revenue saw a minor uptick of
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Apiam flags restructure to strengthen margins, offering 4-day working week to attract talent
As Australia has continued its love affair with pet ownership which surged during the pandemic as a means of companionship, Apiam Animal Health (ASX: AHX) has continued to benefit from the trend across its 80 veterinary clinics across regional Australia, highlighted by a 22.6% increase in revenue across FY23. The boost delivered $192.8 million revenue
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Keypath Education en route to profitability amidst the pandemic’s online learning boom
While the pandemic presented challenges in face-to-face education, it also spurred the adoption of online learning as the new norm. Universities and education providers embraced digital learning as a profitable long-term solution, benefiting companies like edtech provider Keypath Education (ASX: KED). In FY23, the Company recorded a revenue of US$124.2 million, 4.9% higher than FY22
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Can IXUP’s new National Self Exclusion Register help solve Australia’s gambling problem?
Over the past decade, the number of Australians suffering from a gambling problem has doubled. As of 2023, about 40% of Australians gamble weekly, spending an average of $109 a day on pokies, lotteries, machines and wagering. Aussies lose more than $25 billion per year on legal forms of gambling, making up the largest per
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Veris points to $55 million worth of secured opportunities for FY24
Spatial data service provider Veris (ASX: VRS) spent a large part of FY23 investing in its growth. It spent on new technologies and developed a suite of innovative solutions and services. Plus, it focused on key national clients as part of its Key Account Management program, resulting in a rise in Veris’ growth. Its initiatives
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As NVIDIA revenue sees 101% boost, investors see massive opportunity for ASX semiconductor tech stocks
Sitting snug among companies with the largest market caps, from Apple to Amazon, Alphabet and more, US-based AI computing company Nvidia (NASDAQ: NVDA) makes a strong case for the growth of semiconductor companies worldwide. In 2022, global semiconductor sales reached US$963 billion, marking an increase of over 30% in just two years. And it is
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Ardent Leisure on an upward rollercoaster as it returns to profitability
In the ongoing economic environment, it’s difficult to find moments of peace and joy—of relaxation. Casting around for avenues of thrill, people have taken to theme parks as a way to make the most of this time. Thanks to that, Aussie leisure company Ardent Leisure (ASX: ALG), owning theme parks like Dreamworld and Whitewater World,
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Step One prioritises profitability over growth as customer demand for sustainable wear heightens
As consumers become more discerning, brands have proactively embraced sustainability as their value proposition where heightened demand in sustainable and organic clothing reflects ethical priorities. Innerwear brand Step One (ASX: STP) has harnessed the momentum of sustainability through its range of organically grown and ethically manufactured innerwear for different body types. This strategic focus also
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Digital transformation captures younger Tabcorp customers as earnings return amid level playing field
A year on from the demerger from their lotteries business, wagering company Tabcorp (ASX: TAH) has reported $66.5 million in profit thanks to a major digital transformation and favourable regulatory changes that have returned the household brand back to becoming a preferred bookmaker amongst punters. Demerging from The Lottery Corporation (ASX: TLC) in May 2022
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Aussie travel boosts humm group’s BNPL demand even as profit dwindles
Despite the ubiquitous BNPL decline, consumer lending group humm (ASX: HUM) appears to be taking the blow well. To begin with, the Company undertook a private placement in August 2023, providing $760.7 million in increased funding capacity for commercial growth. And thanks to its BNPL growth, the Company has proposed a fully franked final dividend
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Profits decline but property sales increase as The Agency navigates tough FY23 real estate market
After losing a branding battle in May this year, real estate company The Agency Group (ASX: AU1) has realised there’s little to worry about as it expanded its national market share significantly in FY23. The Agency achieved its fifth straight year of growth in the number of properties sold, although that growth was rather small—standing
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Adore Beauty catches up on growth in H2 FY23 as beauty consumption remains dear to Australians
Amidst rising living costs and changing consumer preferences, one thing remains constant: people’s unwavering commitment to their beauty and personal care. Despite economic shifts, the desire to look and feel good stands strong as the charm of beauty products remains steadfast, a fact that has carried the performance of Adore Beauty (ASX: ABY). Guided by
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Vitura declares dividend for the second time amid growing cannabis profits
Once again, medical cannabis producer Vitura Health (ASX: VIT) has become the only ASX-listed company operating in the medicinal cannabis space to both generate a profit and declare a dividend since its ASX initiation in 2019. The Company will pay a dividend to shareholders in respect of FY23. The Dividend, which will be paid at
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Centrepoint Alliance eyes more acquisitions as financial advisors drawn to strong compliance culture
It might seem difficult to believe that even financial advisers require advice. But in the ever-evolving tech world, everyone can use a little help. Centrepoint Alliance (ASX: CAF) is a diversified financial services company providing lending, technological, investment and advice solutions. It offers software and other resources that help financial advisers give better advice. In
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Rising demand for IVF from LGBTQI+ community driving Monash IVF market share
Despite the rising cost of living and depression in discretionary spending, fertility company Monash IVF (ASX: MVF) has seen no downturn in demand, despite a round of IVF treatment often costing upwards of $10,000 with no guaranteed success. The broader de-stigmatisation of IVF in Australia through open discussion, media publicity and progressive LGBTIQ+ community have
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UNITH wins healthcare contract to deploy AI-powered social workers in Europe
In Eastern Europe and Central Asia, a significant portion of the population lives with limited access to healthcare and medication, resulting in higher vulnerability to transmittable diseases. In an effort to make healthcare more accessible to those most at risk, artificial intelligence company UNITH (ASX: UNT) has been engaged by the Alliance for Public Health
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Urbanise revenue increases but cites contract losses and customer churn for slow growth
With real estate booming worldwide, many people are looking to property management as a profitable avenue for growth. As multiple people flock to share the management of a property, services like cloud software provider Urbanise (ASX: UBN) have come into the spotlight. Especially huge in Dubai, where occupancy reached 72% in 2022, the Company’s 2023
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Kogan overcoming pandemic overstocking with transition towards platform business
The surge in online sales owes much to the digital revolution and the closure of brick-and-mortar stores, forever changing the retail landscape. E-commerce platforms serve as the big stage with bustling hubs, infrastructure, foot traffic, and amenities, while individual sellers take the spotlight to cater to their audience. Increased sales with less and less inventory
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Rising migration helps taxi company A2B return to profit after FY22 losses
Personal transport and digital payments company A2B Australia (ASX: A2B) is living out its comeback story after operations took a hit over the past two years. With the return of travelers, easing restrictions and digital payments boom, the Company is seeing its financials slowly return to pre-Covid levels. In FY23, its revenue increased by 17.7%
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1ST Group’s Visionflex lands telehealth deal for aged care community in Western Australia
In times of illness, the last thing you would want to do is to venture out to a clinic packed with other fellow sick individuals. Plus, the idea of enduring lengthy queues for a doctor’s appointment won’t bring any good for your recovery. With technology integrated into the medical field, patients now have greater control
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XRF reports 38% increase in sales revenue, mining revenue comes out on top
Precious metal products manufacturer XRF Scientific (ASX: XRF) has unveiled its financial results for FY23, revealing substantial growth in several key financial indicators. The Company’s strategic positioning to meet the growing demand for precious metals, particularly within the mining and industrial sectors, has been central to its performance. XRF’s Managing Director, Vance Stazzonelli, commented, “FY23
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McGrath reports $6 million profit after tough year for real estate, CEO says ‘worst is behind us’
Despite a particularly testy real estate market, real estate agency McGrath (ASX: MEA) has reported a profit, albeit lower than its FY22 levels. Rounding up its FY23 results, McGrath revealed a statutory net profit after tax (NPAT) of $6.2 million. Its underlying EBITDA amounted to $6.1 million, and it ended the year with a decent
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Jaxsta locks in deal with Spotify licensor Mechanical Licensing Collective
After a brief brush with bleak financials and turbulent management—changing three CEOs in two years, music database company Jaxsta (ASX: JXT) appears to be making a comeback. It has entered into a significant partnership with the US-based Mechanical Licensing Collective (the MLC), a non-profit entity founded under the Music Modernization Act of 2018. This organisation
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Peppermint lands a $60k contract extension with a Filipino health management organisation
The World Health Organization reports that approximately half of the world’s population lacks access to essential healthcare, and about 100 million people are pushed into extreme poverty due to medical expenses. Nevertheless, an increasing number of fintech firms are working to tackle this problem by simplifying healthcare procedures such as automating payment methods, to create
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IperionX receives order from Lockheed Martin for titanium plate components
American low carbon titanium manufacturer IperionX (ASX: IPX) has received an order with Maryland-based aerospace company Lockheed Martin for the delivery of titanium plate components produced using IperionX’s US manufactured titanium. In doing so, IperionX has the potential to create a more affordable and eco-friendly supply chain for titanium materials within the US. Titanium is
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Beacon Lighting sees sales rise, but profits reel under the impact of inflation
In a landscape marked by rising interest rates, persistent inflation, and economic uncertainties, the Australian retail consumer sector has been navigating choppy waters. Even so, lighting equipment company Beacon Lighting (ASX: BLX) has achieved a sales result of $312 million compared to $304.3 million last year. But it wasn’t exempt from the broader consequences of
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Wisr appoints Andrew Goodwin as new CEO following Nantes termination
Andrew Goodwin, who is currently the Chief Financial Officer at non-bank lender Wisr (ASX: WZR), has now taken on the position of Chief Executive Officer with immediate effect. This change comes after the Wisr Board decided to terminate the employment of the previous CEO, Anthony Nantes for undisclosed reasons. As part of the Board’s continuous
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Rex wins three regulated routes in Western Australia after projecting over $30 million in loss
Aussie airline operator Regional Express, or Rex (ASX: REX) has been re-awarded three regulated routes in Western Australia through a competitive tender process. The three regulated routes include Perth-Albany, Perth-Esperance and Perth-Carnarvon-Monkey Mia. The new contracts kick in on October 2, 2023 and last until July 2, 2028. This award by the WA State Government
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UNITH unveils a trio of GPT-powered Digital Humans for public showcase
Artificial Intelligence (AI) company UNITH (ASX: UNT) has ticked off a major development milestone in its 2023 Technological Roadmap with the launch of three digital humans that are integrated with GPT technology. The digital humans are available on UNITH’s website for public demonstration and engagement and were built from a scalable module in the tech
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Reckon sees big uplift from Legal Group business to complement SME accounting platform, declares dividend
As companies look to become more tech forward, cloud-based software are becoming must-haves. Thanks to that, accounting, payroll and legal solutions company Reckon (ASX: RKN) has seen an uplift in subscription revenue and a return of the dividend payout to shareholders. Group revenue for H1 CY23 shot up by 4% to $28.2 million on H1
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Queensland government expands Acusensus contract, boosting contract revenue to $31 million
In November 2021, the Queensland government installed high-tech artificial intelligence (AI)-enabled cameras across the region to curb irresponsible driving. Less than a year in, they raked in $100 million in fines, thanks to people caught using their phones while driving or not wearing their seatbelts. No doubt, there are fewer effective ways of making people
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CurveBeam AI to develop bone fragility scanner with fully underwritten $25m IPO
Artificial Intelligence is a disruptive force in healthcare, revolutionising it through automated medical imaging like X-rays, MRIs, and CT scans. It promises faster, more accurate diagnoses, lowers costs, and enables personalised treatment. AI medical imaging company CurveBeam AI (proposed ASX: CVB) embodies this development, bringing into the table its weight-bearing CT scanner HiRise as it
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AML3D secures contract extension to test its 3D printed alloys for the US Navy submarines
As militaries up their tech capabilities, 3D printing is ruling the roost. In keeping with that, Aussie 3D printing company AML3D (ASX: AL3) has locked in a major contract extension with its patented Wire Additive Manufacturing (WAM) process. The Company is set to provide nickel-aluminum-bronze (NAB) alloy characterisation and strength testing services to support the
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JB Hi-Fi’s profits fall for the first time in years, cites tough retail environment
Electronics retailer JB Hi-Fi (ASX: JBH) has reached a historic milestone that it probably won’t want people to remember. For the first time in a very long time, its profits have fallen, cementing that even offering the lowest prices does not make you immune from the recessionary climate. In FY23, the Company’s net profit amounted
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REA expects Australian real estate market to remain uncertain in 2024, sees growth in India segment
Australia’s housing market stands in the face of uncertainty. Heightened inflation, reduced supply and population growth has real estate investors, shareholders and citizens on the edge of their seats. Amid this, the property advertising firm REA Group (ASX: REA) observed a marginal 1% increase in revenue, reaching a total of $1.1 billion. There was a
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Baby Bunting net profit falls by over 50% as parents undertake household budget cuts
New parents want nothing but the best for their kid, and baby product companies make sure to capitalise on that sentiment. Usually, no price tag can deter a new parent. But with the ongoing pressure on people’s household incomes, the tag becomes a sour spot, urging them to look for affordable ways to ensure their
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Cynata Therapeutics advances Stem Cell Therapy for rare disease with Phase 2 recruitment underway
If you key in the word “stem cell” into a search engine, results will show they have the potential to treat most diseases (but don’t forget to look for clinically-proven sources!) There also exists an ASX-listed company focusing in stem cell therapeutics, aiming to be the panacea in treating the High-Risk acute Graft versus Host
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Titomic secures $2.4 million order for high-pressure cold spray system from Sabanci University
Melbourne-based metal additive manufacturing company Titomic Limited (ASX: TTT) has secured an order for a tailor-made high pressure cold spray apparatus. This advanced system will be provided to the Integrated Manufacturing Technologies Research and Application Center at Sabanci University, located in Turkey. The agreement for the sale of this system to Sabanci University has been
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Alliance profit crosses $50 million, flight hours increase amid ACCC review
Ending FY23 on a high, Alliance Aviation Services (ASX: AQZ) has reported a statutory profit before tax of $52.2 million, up from a loss of $7.1 million in FY22. Plus, its total revenue from operations stands at $517.2 million, with underlying operating cash flow down to $55.9 million from $91.8 million. Its flight hours have
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Zoom2u’s real-time parcel tracking software advances with two fresh contracts
Ever find yourself eagerly anticipating a parcel that never quite manages to show up on schedule? Amidst the eCommerce and online shopping boom, on average, Australians are ordering 42 parcels per person annually, slightly above the global average of 41. While posties and delivery companies are working around the clock to ensure everyone gets their
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Next Science sees 54% reduction in inflammation after knee replacement surgery in study
Australia’s growing ageing population (older Aussies are expected to make up 23% of the population by 2026) is not free of health issues, ranging from obesity to cracking hips. This has benefitted some medical fields more than others. Over the past decade, there has been a 140% increase in knee replacement surgeries, shooting up to
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Firebrick completes recruitment for Phase 3 nasal spray trial, seeks to finally get TGA approval
Can you spray away the common cold? Pharma company Firebrick Pharma (ASX: FRE) says yes. After completing two clinical trials, the Company has entered Phase 3 trials for its Nasodine Nasal Spray, which has enrolled 500 patients to trial the product. The primary objective of the study is to assess the effectiveness of Nasodine compared
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Universal Biosensors secures five more distributors for its Petrackr diabetes monitor
Bolstering its market presence and catering for growing demand from pet health conscious owners, Universal Biosensors (ASX: UBI) has secured partnerships with five new distribution partners for its Petrackr product. Petrackr is a biosensor tech product developed by Universal Biosensors, designed to monitor and track the level of blood glucose in real-time. These biomarkers hold
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Vection to acquire 3D fashion tech company MYR to enhance fashion tech suite
As software company Vection Technologies (ASX: VR1) strives to rule the roost on the digital fashion runway, it is enhancing its IntegratedXR suite of products through acquisitions. The most recent one is the acquisition of 3D fashion tech company, MYR Look Customiser. This follows the acquisition of Invrsion, another 3D tech company working in fashion,
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Incannex set to start psychedelic-assisted PTSD treatment in September after TGA approval
Health experts in Australia believe that around 12% of Australians will experience PTSD (post-traumatic stress disorder) at some point in their lives, and about 1.5% of the population, i.e. almost 390,000 people, currently have a PTSD diagnosis. Certain groups, like those in the defence force, military veterans, first responders, and some minority communities, are more
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Organic growth surging as Healthia rollout of allied health initiatives catch up the pandemic delays
While pandemic travel restrictions were more commonly linked to tourism businesses, the resumption of movement in FY23 enabled allied health company Healthia (ASX: HLA) to resume moving its teams around Australia and New Zealand to rollout a range of organic growth initiatives that are now bearing fruit. Operating more than 300 allied health clinics across
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Amid declining population, Memphasys and Vitrolife team up to provide IVF treatments to boost numbers
For over seven years, Japan’s birth rate has been witnessing a decline. Its fertility rate has fallen below the rate required to maintain a population. Of course, the consequences are dire, ranging from a small labour force to vulnerable borders. The Japanese government has been investing in developing childcare packages to entice people into having
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Waterco to acquire Davey Water for $65 million in line with global expansion ambitions
Pumping equipment company Waterco (ASX: WAT) has inked a deal to purchase all of the shares in water solutions company Davey Water Products from GUD Holdings Limited. The acquisition is set to cost around $64.9 million, with some adjustments as per the terms of the SSA. Waterco plans to finance this acquisition through bank loans.
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Court rejects Shine Lawyers’ request for cost reimbursements after it won $300 million settlement with J&J
In 2017, personal injury law firm Shine Lawyers (ASX: SHJ) ran two class actions against Johnson & Johnson Medical Pty Ltd and Ethicon on behalf of Aussie women who suffered devastating complications after receiving faulty vaginal mesh and tape implants (to prevent stress incontinence and support damaged tissue). It transformed into one of the largest
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Chip shortages and supply chain challenges ease, Dicker Data sees 9.4% revenue rise to $1.6 billion
As supply chain challenges ease, companies are finally being able to return to profitability. Tech distributor Dicker Data (ASX: DDR) is among them. In H1 2023, the Company reported strong revenue growth with unaudited revenue locking in at $1.6 billion, an increase of 9.4% on H1 CY22. The rise in revenue can be partially credited
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IPO Watch: Cleo Diagnostics to go public with ovarian cancer test kits to address 51% survival rate
As diseases continue to adapt, the realm of medical diagnostics must intelligently progress to adeptly combat these changes. Timely interventions and treatments are crucial to improve patient outcomes and survival rates. There are approximately 14 medical diagnostics companies listed on the ASX, striving to pioneer the early detection of new diseases and make significant progress
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Profit doubles, revenue shoots up as Saferoads travels to the US and gets formal approvals in FY23
An on-site death, legal disputes and global ambitions—Saferoads’s (ASX: SRH) FY23 has been eventful, to say the least. Based on its latest unaudited accounts for FY23, the road safety solutions company has survived its crash test financially. The Company generated revenue (excluding government grants) of $14.66 million, marking a 19% increase compared to FY22. EBITDA
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Viva launches shareholder discount program offering 25% discount on gym memberships
Sure, the best perk for a shareholder would be getting a big bang for their buck. Little feels better than a major ROI, but it doesn’t hurt to give your shareholders that extra incentive to stay on board—especially if times get rough. In that spirit, gym and health club operator Viva Leisure (ASX: VVA) has
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Melodiol divests Sierra Sage Herbs and Halucenex for $8 million after acquiring them for over $20 million
After changing its name and identity, cannabis and psychedelics provider Melodiol (ASX: ME1) has decided to sell off two of its most prominent business units, Sierra Sage Herbs and Halucenex Life Sciences to US-based Panacea Life Sciences for $7.56 million in cash and shares. Panacea Life Sciences focuses on the production, research, and distribution of
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EDU terminates Nurse Training acquisition as NTA suffers delays to get reaccreditation
After undertaking significant capital raising and promising about five-times its 2021 EBITDA, tertiary education company EDU Holdings (ASX: EDU) has decided to terminate its acquisition agreement with the Nurse Training Australia (NTA). The $6 million acquisition, initially disclosed on June 2, 2022, hinged on NTA obtaining reaccreditation for its Diploma of Nursing program from the
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Encouraged by interim data, FDA approves Pharmaxis to expand its myelofibrosis treatment trials
Fresh off reporting final interim data from their Phase 2 clinical trials for PXS-5505 to treat myelofibrosis, biotech company Pharmaxis (ASX: PXS) has quickly jumped forward in the commercialisation process having been cleared by the US Food and Drug Administration (FDA) to commence a combination arm of the trial. The clearance of the amended trial
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Yowie gets AFL, Rugby League and Bluey merchandising contracts but struggles with sales in the US
In 2021, locals reported spotting a Yowie—a mythical Bigfoot-esque creature—in Queensland. Whether the hairy creature is real is uncertain, but what’s very real and tangible is confectionary company Yowie’s (ASX: YOW) ASX comeback with a massive portfolio. To begin with, Yowie has secured a sweet deal with the Australian Football League. As part of the
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Raiz launches Raiz Plus, increases customer fees amid company restructuring
Micro-investing app Raiz (ASX: RZI), which encourages users to invest small amounts regularly, is launching a new product feature—Raiz Plus. Raiz Custom portfolios will now be known as Raiz Plus portfolios, providing customers with the ability to add individual ASX stocks to portfolios for a bespoke investing experience. This lets users build fully personalised portfolios
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Hemp Black signs agreements with Under Armour and Cruz Foam, Ecofibre sees revenue boost
Diversified industrial hemp company Ecofibre’s (ASX: EOF) speciality manufacturing division, Hemp Black, has locked in a three-year supply relationship with global athletic apparel company Under Armour. The arrangement will involve the supply of a specialty yarn for apparel use. At full production, the Company expects to generate $9 million in annual revenue. The equipment commissioning
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Novatti shifts focus to margin growth under new leadership
Under the leadership of newly appointed CEO Mark Healy, digital payments company Novatti Group (ASX: NOV) is accelerating its pathway to profitability with an immediate uplift in their gross margins. Having spent the last few years developing and monetising their digital payment ecosystem, Novatti now has the revenue base to optimise its sales strategy by
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Archer’s biochip edges closer to commercialisation with recent advances towards multiplexing
Semiconductor company Archer Materials (ASX: AXE) has just hit a new milestone: an upgrade for its gFET (graphene field effect transistor) biochip design, aimed to enhance disease detection and control. This comes just a few weeks after it engaged with commercial foundry partners in Germany to begin a multi-project wafer run (an ‘MPW’) of the
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Assistive living platform for tech-savvy seniors boosts Careteq’s June quarter growth
Like most developed countries, Australia’s population is ageing. While senior citizens are known to not exactly be technophiles, a research by the Pew Research Center shows that this group is more digitally connected than ever. In Australia, 87% of seniors now find digital services helpful compared to 71% in 2018, influenced by the pandemic where they
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Demand for digital humans rising as UNITH catches the attention of public sector
Cost-cutting is traditionally the vernacular of the private sector where savings ultimately lead to profit but such business acumen is now creeping into the public sector which is catching wind of the reliability and efficiency of digital humans which could soon replace many public servants. This is the nature of digital humans according to artificial
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Archer quietly shattering coherence records for quantum computing with big cash runway
In the rapidly advancing field of quantum computing, Archer Materials (ASX: AXE) has managed to make groundbreaking progress. The Australian semiconductor company has been pushing the boundaries of quantum coherence times and making significant strides towards commercialising their qubit processor technology without the hype or overspending. Quantum coherence time, a critical metric in quantum computing,
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Beforepay achieves first positive EBITDA since listing on the ASX
Do you often wish that payday would come faster so you could finally hit checkout on your figurative cart? We get it. And although that might be difficult to achieve, payday loans provide some relief. Lending fintech company Beforepay (ASX: B4P) gives Aussies access to their wages before the end of the month but with
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Mosaic expects $33m earnings turnaround after being ravaged by pandemic, eyes 130 new stores
With Covid, many companies lost the very feature that set them apart (and that they invested significantly in). For experiential companies, customers being inside their stores was a necessity. So, while some successfully transitioned to eCommerce, others waited for business as usual to return. Retail company Mosaic (ASX: MOZ) was one such company. After acquiring
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Orcoda’s transport tech expands to now service Queensland aged care community
Community transport services have a longstanding history of providing valuable assistance to elderly residents, especially in remote areas where taxis, Uber, and public transport are still lacking. It’s why community transport is crucial in helping residents access essential services like shopping, banking, or medical appointments. Soon enough, residents in Comlink’s service area will enjoy a
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BCAL inaugurates new lab for breast cancer screening, works with US partner to validate machine
In 2018, breast cancer was the second most common form of cancer diagnosed across Australia. And in 2022, there were over 20.6k new cases of breast cancer in the country. Like with most medical concerns, early detection is optimal to begin treatment and put dire consequences to rest. In case of breast cancer, breast cancer
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Vmoto sees sales decline as Europe battles recessionary environment
In the face of a challenging economic landscape and soaring living costs, the demand for electric vehicles in Europe witnessed a decline. The automotive industry, including electric motorcycle manufacturers like Vmoto (ASX: VMT) and sparing no automobile giants, experienced the impact of the recessionary environment. Vmoto’s sales in 2023 dropped by 14% compared to the
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Catapult reports strong Q1 results, reaffirms positive free cash flow guidance for FY24
Sports performance analytics company Catapult (ASX: CAT) has announced its impressive first-quarter results for the period ending June 2023, i.e. Q1 FY24, signaling a positive trajectory for its financial performance. The Q1 results not only met but also exceeded the Company’s expectations, hopefully helping it achieve Free Cash Flow positivity in FY24. As part of
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UNITH strengthens Board with addition of Justin Baird, ex-Google and Microsoft technologist
Artificial intelligence company UNITH (ASX: UNT) has turned heads this morning with the appointment of leading tech innovationist Justin Baird who is best known for his work in senior R&D positions with global players that include Google, Microsoft, Accenture and Dentsu. Now based in Singapore after stints in Silicon Valley and around the world, Baird
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Living Cell Technologies latest project targets dementia with cannabinoid-based drug
As of 2022, Australia is witnessing nearly 400,000 individuals grappling with dementia. Dementia is the second leading cause of death in Australia, and if the trend continues, it might just claim the top spot as the leading cause. But that’s not all – two out of three people with dementia are not hiding away in
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Chaos for Kleos: Company declares bankruptcy as financiers refuse further loans
Shoot for the moon and you will land among the stars, or at the very least, you will contribute to existing space junk then go bankrupt—much to the agony of shareholders, especially the eco-conscious ones. This is the case with defence and space tech company Kleos (ASX: KSS), which has declared bankruptcy as loan facilities
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SSH’s Tru Fleet sees 121% earnings return on investment one year after launch
After launching its fleet hire business Tru Fleet in July 2022, Aussie construction and energy company SSH Group (ASX: SSH) is reaping the awards. Tru Fleet has reported a 121% EBITDA return on capital contribution, amounting to $1.57 million. Over the year, Tru Fleet reported a strong EBITDA growth of 57.6%, and during H2 FY23,
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NEXION to sell IBM’s AI platform Watson and sustainability suite in Australia
Artificial intelligence (AI) and sustainability are the two buzzwords ruling the roost across the world at the moment. As companies race to cement an image of being tech forward and eco-conscious, partnerships have become crucial. IT service provider NEXION Group Ltd (ASX: NNG) has strengthened its partnership with IBM Australia Ltd (IBM) by entering into
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Meeting mining companies’ thirst for water pumps: Babylon celebrates cash flow positive streak
In the art of water pump mastery, how does a specialist manage to deliver a second consecutive year of positive operating cash flow? The metals and mining industry is the most significant sector on the ASX, comprising more than 650 companies engaged in exploring, developing, and producing various commodities like gold, iron ore, copper, nickel,
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Can a sleep disorder signal depression? Medibio study says yes
About 300 million people worldwide experience depression. Many symptoms underline their experience, with disturbed sleep being a common pattern. However, not enough research goes into unearthing if people with sleep disorders are suffering from more than just that. That’s where mental health tech company Medibio Limited (ASX: MEB) comes in. The Company has achieved a
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Pest-case scenario: US CDC invests $15 million into BioGene’s insecticide tech to prevent diseases
Over half of the world’s population is at risk from vector-borne diseases (those from mosquitoes, ticks, fleas and such), as per the World Health Organisation (WHO). Malaria claims 200 million victims yearly, with over 400,000 lives lost, mostly children under five. Zika virus emerges as a global health emergency, while Dengue Fever’s death toll has
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Harris Technology eyes eCommerce expansion into the United States and United Kingdom
While Australia’s retail industry continues industry-wide struggles, eCommerce company Harris Technology (ASX: HT8) is focusing its growth on friendlier retail markets while Australia faces a spending crunch, catalysed by rising interest rates which have put immense pressure on household spending. Ongoing interest rate rises enforced by the Reserve Bank of Australia have hit all retailers
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Cannabis lemonade and iced teas: Althea’s Peak teams up with Tweed to bring cannabis-infused products to Canada
Cannabis is the most widely-used illicit drug worldwide; about 2.5% of the world, i.e. approximately 150 million people, consume cannabis, and Australia is among the top countries leading the trend. While it sounds the alarm on the concerning drug abuse problem, it also signals a profitable market for companies in the field. Cannabis-based medicine and
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Service Stream wins contracts with NBN and AGL worth $340 million, offer relief after a tough year
Network services provider Service Stream (ASX: SSM)—specialising in building and maintaining wireless networks, roads, electrical lines and more—has won two new agreements, poised to generate approximately $340 million in revenue over their respective terms. The news comes as a significant boost for the Company amidst recent financial challenges. Managing Director, Leigh Mackender, commented, “As a
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Rise of flexible work and ‘bleisure’ travel: Flight Centre upgrades earnings guidance
You might be reading this news piece from your office desk or from a balcony in sunny Italy. It does not matter. Since the COVID-19 pandemic, we’ve seen a rise in flexible working arrangements, and this has had an impact on business travel both from the company and employee perspectives. On the one hand, many
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Reduced consumer confidence chips Michael Hill sales, some stores shutting down
It seems fewer people are putting a Michael Hill (ASX: MHJ) ring on it, as the retail company witnesses a decline in its sales and earning. The persisting inflationary environment has left people putting huge life events, like engagements, on the backburner till the wallet can weather this storm. Discretionary spending has declined, and balance
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June 2023 contracts push Nuix’s total contract value for FY23 over $180 million, legal battles still costing millions
“Officials from the corporate regulator arrived at the Nuix headquarters in Sydney searching for evidence that the company’s chief executive, Jonathan Rubinsztein, traded shares while possessing confidential information.” Wrong, said tech company Nuix (ASX: NXL), responding to a claim by the Australian Financial Review. For one, the regulators sent an email. Secondly, the investigation took
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Melodiol seeks redemption under new name and leadership, starts with a strong June quarter
Three CEOs within 18 months, a serious listing breach, and an ASX censure. It seems like the stars were not so aligned for cannabis manufacturing company Creso Pharma’s past (formerly ASX: CPH), but with a fresh leadership and a recent name change to Melodiol (ASX: ME1), the Company is back to chasing its American and
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Acquisitions, expansions and cost-cutting see AVADA earnings reach $16 million, exceeding its guidance
After battling some climate woes and addressing the underperformance of some units, traffic management company AVADA (ASX: AVD) is powering through. In FY23, it has reported an increase in earnings, forecasting FY24 numbers to look up too. The Company’s earnings reached $15.8 million for the full year, with $8.7 million achieved in the second half
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Nightingale enhances its autonomous drones with gunshot detection via EAGL partnership
Law enforcement agencies will soon have a powerful new tool to respond swiftly to gun-related incidents with drone tech company Nightingale Intelligent Systems (ASX: NGL) to integrate gunshot detection systems into its drones through a partnership with defence tech company EAGL Technology. This strategic alliance aims to equip Nightingale’s Blackbird autonomous drones with EAGL’s cutting-edge
Read MorePublicFelix wins 3-year NRW contract for its supply chain management solution
The mounting pressures of rising costs, trade wars, and surging demand have taken a toll on Australia’s supply chain infrastructure, prompting businesses to reevaluate their strategies. In response to the supply chain crisis, civil construction and mining company NRW Holdings (ASX: NWH) has entered into a three-year contract with enterprise vendor management software provider Felix
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Hubify earnings grow $3.5 million in FY23 thanks to new clients and Optus contract
In 2021, Australian small and medium enterprises (SMEs) accounted for 68% of employment, adding significant value to the economy. However, these small businesses are often dealt from the bottom of the deck when it comes to cybersecurity. A report found that over 40% of cyber attacks target SMEs owing to their relatively poor infrastructure, and
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Bioxyne makes first sales for mushroom nootropics, a mushroom nootropic brain supplement
For anyone looking to cut down their coffee fix, they may soon have a natural alternative in the form of mushroom nootropics which acts as an even stronger cognitive stimulant than caffeine with manufacturer Bioxyne (ASX: BXN) making its first sales. The sale of Dr Watson products came via Amazon US where the mushroom nootropics
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Don’t take your hands for granted – how smart devices are increasing the importance of hand health
How much do you spend staring at your phone each day? A 2022 survey of 1058 respondents by finder.com.au revealed that the average Australian spends 150 minutes on their phone per day – that’s roughly 17.5 hours per week! With the accessibility and convenience afforded to us from our devices, it’s impossible to completely detach
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Love Group order volume goes up in FY23 as singles across Asia seeks dating services
In the modern digital era, we rely so much on technology for work, education, and entertainment, yet it sort of diminishes opportunities for us to meet people in real-life and form meaningful relationships. This challenge is particularly felt among Gen Z and millennials, who are increasingly feeling the deprivation of romantic connections. However, instead of
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Weak rain, strong financials for MMA Offshore, forecasts 100% earnings increase
While many companies in Southeast Asia would be disappointed at the paucity of rain, marine and subsea solutions company MMA Offshore (ASX: MRM) is nothing but grateful. The Company forecasts that its Earnings before Interest Tax Depreciation and Amortisation (EBITDA) for FY23 will fall within the range of $66 to $68 million, reflecting a substantial
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DroneShield wins $33 million US Government contract, shares surge after directors sell down
Counterdrone solutions company DroneShield (ASX: DRO) has won a $33 million order from a US Government agency. The order comprises both DroneShield equipment and multi-year services. This significant contract follows a $9.9 million order disclosed earlier this month from another customer within the Five Eyes community. The Five Eyes Department of Defence (DoD) granted DroneShield
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Embark reports 85% occupancy rate as it leaves New Zealand for Australia
Childcare business magnate Chris Scott sits atop a pretty fortune with his numerous childcare investments over the years. He has been on the scene, kind of in an artful Willy Wonka fashion, inviting children and their parents into his massive empire, which has been taking advantage of the increased Child Care Subsidy by the Australian
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xReality Group looks to expand operations after securing wins in Australia and the US
That countries are upping their defence capabilities in light of growing volatility on military grounds is no longer hearsay. And at the forefront of these upgrades are tech companies like xReality Group (ASX: XRG), specialising in augmented reality, artificial intelligence and such. After all, winning a fight is no longer about who is the strongest
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Archer commences foundry discussions for production of graphene biochip
Australian semiconductor company Archer Materials (ASX: AXE) has taken a major step forward towards the commercialisation of its biosensing graphene transistor technology with the transfer of its chip designs to a commercial foundry to initiate a production run. The company’s partnerships with international semiconductor fabs have advanced this year, with Archer having completed its optical
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Pharmaxis delivers impressive Phase 2 clinical data to treat myelofibrosis, pushing on to FDA discussions
In a potential breakthrough for the field of bone marrow cancer treatment, biotech company Pharmaxis (ASX: PXS) has released the final interim data analysis of their Phase 2 clinical trials for PXS-5505, a promising drug aimed at combating the debilitating effects of myelofibrosis. The data revealed 60% of trial patients experienced a significant improvement in
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Car subscription services on the rise as Carly reports 83% revenue rise
In the current subscription economy (where everything from movie and music streaming to accommodation are available in the subscription model), even transportation services are joining the bandwagon. Car subscription services are becoming widely embraced especially among the younger demographic (aged 18-24), in which 69% of them would rather enjoy the benefit of having a car
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Toys R B‘us’t: Company struggles to raise capital after largest shareholder pulls out
Toys retailer Toys R Us (ASX: TOY) has not had a playful history in Australia, having collapsed once in 2018, closing over 40 stores and laying off hundreds of employees. Then, it made a calculated comeback the very next year with the support of Hobby Warehouse (one of its largest shareholders), and in 2021, it
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Turning waste tyres into triumphs: Entyr records highest quarterly revenue in company’s history
Wondering what to do with your end-of-life car tyres? Recycle them so that they can become biofuel. (Who says only electric vehicles can win the climate change battle?) A report by the World Business Council for Sustainable Development found that a billion end-of-life tyres are generated every year, with four billion having already found their
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Sequoia Financial strengthens financial, legal, and accounting advice services through Castle acquisitions
In a strategic move aimed at enhancing its comprehensive financial advice services, Sequoia Financial Group (ASX: SEQ), has announced the acquisition of Castle Corporate and Castle Legal. The deal is expected to bring substantial synergies to Sequoia’s operations,boost its earnings and bring benefits for Castle clients. Sequoia Financial has been at the forefront of providing
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UNITH wins contract for its AI-powered digital humans to service global lottery customers
Individuals around the world will soon have more opportunities to win $500 million jackpots with online lottery platform AZBillions to deploy digital humans to its online ticketing platform, powered by artificial intelligence company UNITH (ASX: UNT). The purchase order from Xite Holdings, which wholly-owns and operates AZBillions, which will deploy the digital humans to perform
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OK Tedi Mining signs on COSOL for $17 million for asset management tech
Asset management software and services company COSOL (ASX: COS) has been selected to deliver Asset Management Services to OK Tedi Mining, the owner of one of the world’s largest copper and gold mines located in Papua New Guinea. Valued at $17 million, this three-year contract further solidifies the longstanding relationship between COSOL and OK Tedi
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Story-I sells Apple reseller business in Indonesia, review to assess business viability
In April 2020, the Indonesian government started imposing International Mobile Equipment Identity (IMEI) control regulation to curb the circulation of illegal phones. Phones not bought within the nation will be blocked and will not be able to connect to mobile networks. While individuals with foreign passports will be able to get temporary network access, Indonesian
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8common’s contract value for FY23 exceeds combined value from past three years, points to a lucrative FY24
A brief glance at software company 8common’s (ASX: 8CO) fourth quarter results will confirm that the Company has done a good deal of good, injecting some much-needed momentum into FY24. In Q4 FY23, the Company achieved a record total revenue of $2.9 million, marking an 87% increase on Q4 FY22. This growth can be attributed
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Newly rebranded RocketDNA teams up with South32 for aerial surveying services
Drones-as-a-service (DaaS) provider RocketDNA Ltd (ASX: RKT) has secured a contract with South32 (ASX: S32), a global mining and metals company, to provide drone surveying services at two mine sites in South Africa. The contract, spanning a period of five years, has a Total Contract Value (TCV) of $1.180 million and an Annual Recurring Revenue
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Emyria recruits first patient for its meth-assisted therapy to treat PTSD
As news of billionaire (and controversial) business magnate Elon Musk taking “microdoses of ketamine (a dissociative drug)” to manage depression started doing the rounds, a bunch of divisive arguments popped up—is that just an excuse to justify the use of drugs or is there some hidden potential there? Biotech company Emyria (ASX: EMD) makes a
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Rising demand for fraud protection sees more businesses turn to Novatti for merchant services
Just two weeks after taking the reins of digital payments company Novatti Group (ASX: NOV), CEO Mark Healy has fronted shareholders to outline his ambitious plans to drive the Melbourne-based fintech’s growth and show why more businesses will shift their digital payment needs to Novatti. In the fast-paced world of payments where a simple tap
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Bubs presents its rebound plan after bitter breakup with former CEO and Chairman
A bitter boardroom spat has left baby formula company Bubs Australia (ASX: BUB) scrambling to undertake serious damage control following a disappointing year, financially, and fruitless attempts at chasing debts created by previous management. In an attempt to calm shareholder unrest, the Company has presented its strategic review to start over. During the three-year period
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Europe tops Aussies’ travel wishlist as Jayride reports 104% increase in bookings
The onset of the Aussie winter screams one thing loud and clear: pack your bags and get ready for a European summer. The sentiment is understandable and even encourageable if you are a travel marketplace company, like Jayride (ASX: JAY). In Q4 FY23, passenger trips booked grew to a record 199,100, a 46% increase on
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Top Shelf International secures national distribution through BWS and Dan Murphy’s following strategic review
Set to expand its national footprint, Australian spirits company Top Shelf International (ASX: TSI) has secured national distribution of its NED Australian Whisky with Endeavour Group (ASX: EDV), opening up access to customers of drink retailers BWS and Dan Murphy’s. The strategic move expands the availability and accessibility of NED Australian Whisky to consumers across
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Compumedics to sleep soundly after sale surge past $40m for sleeptech
How much do you hate it when someone bugs you while you’re sleeping? Now imagine that if instead of some “one”, it was a chronic health issue that kept you up and disturbed your sleep. 1 in 5 Australians suffer from a major sleep disorder. Restless legs syndrome, sleep apnea, heart conditions—everything comes to the
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Cirrus Networks reports strongest financial year in history while cybersecurity shines in the spotlight
After kicking off the financial year with multiple contract wins, IT solutions provider Cirrus Networks (ASX: CNW) is closing off with its strongest financial year in history—made possible thanks to some major contract wins and reduced overhead costs. Cirrus is expecting to achieve a consolidated revenue of $112 million in FY23, setting a new record
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Cann Group poised for growth as demand for locally produced cannabis surges
Australia has made a groundbreaking decision by becoming the first country to legalise the clinical prescribing of MDMA (ecstasy) and psilocybin (magic mushrooms) for the treatment of specific mental health disorders, including PTSD and treatment-resistant depression. Setting Australia apart as the pioneer in adopting psychoactive-based treatments for mental health, as of 1 July, authorised psychiatrists
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European regulator accept Dimerix’s Paediatric Investigation Plan to develop DMX-200 for kidney disorders
Biopharmaceutical company Dimerix (ASX: DXB) has won the favour of the Paediatric Committee (PDCO) of the European Medicines Agency (EMA), as the committee has formally accepted Dimerix’s Paediatric Investigation Plan for the development of DMX-200, a potential treatment for kidney disease. The PDCO’s approval comes after a meeting on June 23, 2023, and paves the
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Un-Happy Valley Nutrition: infant formula company collapses as director and CFO walk out
There is little joy in the Happy Valley (ASX: HVM) offices today, as the infant formula company enters voluntary administration. “It is disappointing to announce the appointment of administrators today,” the Chairman of the Company, Kevin Bush, stated grimly in an announcement. Due to dwindling global infant milk supply, HVM was able to thrive during
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ATO tackles high demand during tax season with Prophecy’s customer experience software
We’re fast approaching tax time, which means Aussies need to brace themselves for the great battle of having to wait to speak to the Australian Taxation Office (ATO) should they have any enquiries while lodging their tax return. This is not an exaggeration, though. ATO call centres are said to be unable to meet demand
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Five Eyes defence department awards DroneShield a record $9.9 million contract
Australian counterdrone solutions company DroneShield (ASX: DRO) has been awarded a two-year research and development contract worth $9.9 million by the Five Eyes Department of Defence (DoD). This substantial contract highlights DroneShield’s growing prominence in the defence industry and signifies the confidence placed in the Company’s capabilities by the Five Eyes intelligence alliance, comprising the
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Acrux’s generic anal fissure topical treatment gets FDA approval for review, others in the pipeline
What’s in a brand name, when household income has been squeezed to its very last drop? Rising costs have compelled people to opt for generic meds instead of branded ones to save a few bucks wherever possible. And now, meds for chronic anal fissure pain are set to get a generic version, thanks to pharma
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Simble undertakes major board changes in effort to capitalise on emission reduction tracking
High energy costs have spared no one, neither customers nor companies. That’s why it has become integral to keep tabs on what’s emptying the corporate wallet and reign in the costs. To help with that, smart energy SaaS company Simble (ASX: SIS) is offering data analysis and carbon emission tracking platforms to help companies review
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Lumos gets FDA approval for its bacteria detecting test, finally moves past its RAT test days
Diagnostic tech company Lumos Diagnostics (ASX: LDX) has received the green card from the US Food and Drug Administration (FDA) to market its FebriDx rapid, point-of-care test in the United States. This regulatory clearance permits the marketing of FebriDx in the US as an aid for healthcare professionals in diagnosing bacterial acute respiratory infections and
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Harvest Tech inks $272k deal with a Five Eyes defence customer for its Nodestream tech
As companies take on more ambitious endeavors, be it diving under the sea or exploring natural gas hidden deep beneath the surface, communication becomes more and more integral. But remote connectivity is no cakewalk, which is where remote tech provider companies like Harvest Technology Group (ASX: HTG) come into play. The Perth-based Company, which provides
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All eyes on PYC as it doses first patient for eye disease trial
Eye health has been in and out of sight and mind for some time now, urging organisations to demand greater investment and attention towards Aussies’ unmet needs. In 2018, 93% of Aussies aged over 65 reported vision disorders, and the pandemic did little to help by not being a sight for sore eyes. If that
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Great weather sets the stage for early harvest, Namoi Cotton anticipates blooming FY24 results
In anticipation of an early start to the 2023 harvest, cotton processing company Namoi Cotton (ASX: NAM) has undertaken a series of activities to ensure smooth operations and maximise yields. The favourable weather conditions experienced across its network of growers prompted the Company to commence preparations earlier than usual, setting the stage for a promising
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Spenda draws down another $2m from debt warehouse for bump in recurring revenue
To thrive in today’s competitive business landscape, on-demand financing can create make-or-break opportunities for small businesses that need a quick capital injection to seize on opportunities. It’s a need being met by transaction service company Spenda (ASX: SPX) which is seeing an uplift in its B2B lending and financing products. Spenda initially secured a debt
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Jaxsta’s symphony struggles to find its rhythm, employs third CEO in two years
In what can be considered a rather intense game of musical chairs, music credits database company Jaxsta (ASX: JXT) has appointed its third CEO in less than two years—Josh Simons. Simons replaces Beth Appleton who was appointed to the role in April 2022. Now the former CEO, Appleton, commented, “I will relish my time at
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Invex struggles to recruit patients, witnesses test failures for its clinical trial for intracranial hypertension alleviating drug
The pressure is on for biotech company Invex Therapeutics (ASX: IXC), which is not only struggling to recruit patients but is also dealing with underwhelming results for its flagship drug Presendin, tackling idiopathic intracranial hypertension (IIH). The Company has initiated a comprehensive assessment of its Phase IIH EVOLVE program, which explores the potential of Presendin
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Kip McGrath expects FY23 revenue to see 10% boost as education operators profit from increased subsidies
Despite all the corporate cash grabs to profit from the Government’s Child Care Subsidy boost, there’s plenty of profit opportunity in the next age bracket up too with tutoring provider Kip McGrath (ASX: KME) issuing an earnings upgrade, primarily from rising demand for tuition services. Government-affiliated tutoring provider Kip McGrath forecasts a revenue boost, citing
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XRF Scientific launches xrTGA, a weight-temperature measuring device
After an extensive product development process, lab instrument manufacturing company XRF Scientific (ASX: XRF) has launched a new product—xrTGA. xrTGA is a thermogravimetric analyser (TGA), an instrument which measures the weight of an object over time while heating it to different temperature points. The instrument comprises a sample-heating furnace and a precise weighing scale for
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INOVIQ’s breast cancer test outperforms leading approved test, plans for further validation
Precision diagnostics company INOVIQ (ASX: IIQ) has achieved noteworthy results from an independent clinical validation study of its SubB2M/CA15-3 test for breast cancer detection. The study has reported high accuracy (87%), sensitivity (81%), and specificity (93%) for the test, outperforming a leading approved CA15-3 test. INOVIQ CEO, Dr Leearne Hinch, said, “The outstanding results from
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Can’t handle the heat: Tasfoods sells Shima Wasabi business to clear debt
For wasabi lovers, the intense and pungent flavour is what draws them into taking a bite, and perhaps the burst of excitement and complexity to dishes are what keep them coming back. However, not everyone can handle the heat, and what if you can’t handle them from burning your nose? Same goes for TasFoods (ASX:
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Elsight receives $180k repeat order from Censys for its drone connectivity tech Halo
If you are tired of hearing people drone on about the growth of drones over the past few years, prepare for it to not end anytime soon, seeing as drone tech is only advancing. Drone connectivity solutions company Elsight Limited (ASX: ELS) has received a repeat order from Censys Technologies Corporation, a leading US-based complete
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In low spirits: Lark Distilling forecasts $2 million sales decline citing inflationary pressure on booze
Aussie whisky and liquor company Lark Distilling Co (ASX: LRK) is not raising its glasses just yet, for growing inflationary pressures on households has left fewer people reaching out for a cold one. Lark reported a decline in its net sales for H2 FY23, forecast to be $7.4 million, down from $9.6 million in H1
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Orbital UAV signs new $1.1 million contract with defence org, Finance International
As militaries beef up their tech capabilities, unmanned aerial vehicles (UAVs), or combat drones, have come out as an attractive choice, thanks to the reduced risk to human lives and optimal targeting. In keeping with that, Perth-based UAV (unmanned aerial vehicle) components developer Orbital Corporation (ASX: OEC) has recently inked a lucrative deal with defence
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Pearls of wisdom: Atlas forecasts revenue boost following a successful Japan pearl auction
From Queen Elizabeth to Marilyn Monroe—pearl necklaces have been wardrobe must-haves and bucket list items for years. The sole aquatic gem, the pearl has a lot to offer, but as with most things associated with the oceans, there is no accounting for its predictability, making pearl farming an intricate business. Aussie pearling business Atlas Pearls
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Helloworld acquires Express Travel Group to meet rising demand for budget-friendly travel options
Despite biting cost of living pressures, a recent Travel Trend Forecast revealed that Aussies won’t be cutting down their travel plans in 2023. Instead, they are doing so with an eye on price and more strategic planning to find the best deals and gain flexibility. Out of 1000 respondents, 61% agreed that lowest price is
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Gold Coast Private Hospital becomes first buyer for Echo IQ’s SaaS-enabled heart disease detector EchoSolv
If left untreated, aortic stenosis, i.e. heart valve disease, carries a high 2-5 year mortality rate. What’s more, fewer women compared to men receive an accurate diagnosis of the disease. So, in a matter of life and death, artificial intelligence (AI) shines through, with AI and MedTech company Echo IQ (ASX: EIQ) having found a
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Beston Global Food to discontinue its plant-based meats, spring water and tech businesses as customer appetite wanes
That Australia has a naturally abundant supply of water, food and such is no mystery. Now imagine turning those on their heels, creating artificial iterations, and expecting everyone to shell out big bucks, especially at a time when even the natural abundance is near impossible to afford. Perhaps not the most ideal picture. Yes, people
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Cann Group strengthens position with variation agreement in medicinal cannabis sector
The medicinal cannabis industry in Australia has been rapidly gaining momentum, reaching an estimated value of approximately $245 million in 2022 and is projected to maintain a strong CAGR of 16.71% from 2023 to 2027. While the availability of cannabis for general use remains restricted in Australia, the nation continues to attract cannabis manufacturing companies
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Talius locks in $1.3 million contract from Keyton for its assistive tech solutions
Australia’s growing ageing population is proving profitable yet again, as Queensland-based aged care tech company Talius Group (ASX: TAL) receives another order under its ongoing contract with Keyton Retirement Villages (formerly Lendlease’s Retirement Living). The order involves the supply of advanced assistive technology solutions as part of Keyton’s efforts to improve its emergency call systems
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Red light on the runway: Rex revisits profit guidance, anticipates $35 million loss for FY23
Travel has been a point of contention following Covid. It has adopted the traits of a rollercoaster, moving up and down, taking airline companies, like Regional Express (ASX: REX), along for the ride. After providing a cheery update following its H1 FY23 results, the Company has wheeled back, citing external circumstances. The Company has revised
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Archer makes breakthrough in development of 12CQ chip by preserving quantum functionality at room temperature in air
Quantum computing has emerged as a cutting-edge field with the potential to revolutionise various aspects of technology, from cryptography and optimisation to drug discovery and artificial intelligence. One critical factor that plays a pivotal role in the performance of quantum computers is the conditions in which their qubit processors are required to operate. They include
Read MorePublicBHP extends K2fly contract for 3 years, valued at $2 million, set to cover its Pilbara iron ore operations
As a mining company, not complying with rules and regs can land you in deep waters, sometimes as deep as $150k and over. To avoid that, many companies bring on compliance managers; K2Fly (ASX: K2F) streamlines that. K2fly is a provider of Resource Governance solutions for a ‘net positive impact’ in Environmental, Social and Governance
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PARKD receives $4.5 million car park construction contract from John Hughes Group
Getting Lego as a kid is a lesson in both work and play. For play, you get to practise your creativity and understand how much pain you can cause by strategically placing legos around adults (among other things, of course). In terms of work, more importantly, you understand that there are numerous (and more effective)
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XTEK to provide India’s Tata Group with helmets that can weather AK-47 gunfire
Unlike Superman, military personnel cannot be reborn on Krypton to become invincible. So, they must settle for the next best thing, like an RCH ballistic helmet by defence tech company XTEK (ASX: XTE) that can withstand assault rifle bullets, like those fired by AK-47 rifles (arguably the most widely-used weapon). The Company has achieved a
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Stakes rising: PointsBet receives bigger takeover proposal for US business but hesitant to open their books
Sportsbetting company PointsBet Holdings (ASX: PBH) has faced a slew of disappointments in trying to sell its US business. Initially, it shut down Aussie wagering company Betr’s $220 million offer; then, it succumbed to only a slightly larger offer—$222 million—from Fanatics Betting and Gaming (FBG). Now, it is being offered $280.7 million in cash from
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Credit Intelligence issues profit warning, flags $2m write-off and inflationary pressure on lending
Despite rising cost-of-living pressures which would typically be favourable to debt recovery businesses, Credit Intelligence (ASX: CI1) has recently issued a profit warning for FY23, citing struggles from their buy-now-pay-later and SME lending businesses. The warning forecasts a significant net loss of $1.5 million, reflecting a 165% decrease compared to the previous year’s net profit
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Careteq signs agreement with National Seniors Australia to provide GPS trackers to ageing population
As of 2020, the older generations made up over 16% of the Australian population, with this number set to grow to over 20% in the coming years. Increased life expectancy and low fertility rates have given older people an edge and greater pull in the market, making them an attractive bet for companies like healthtech
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Biome exceeds $7 million sales revenue target for FY23 thanks to its Activated Probiotics range
Microbiome health company Biome Australia (ASX: BIO) has surpassed its sales revenue target for FY23, reaching an impressive $7 million with half a month of trading still remaining. The accelerated growth in sales revenue during the fourth quarter was primarily driven by the success of Biome’s Activated Probiotics—making up over 90% of the sales as
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Comms Group secures 5-year enterprise communications deal with Vodafone Business
Email has been a mainstay of business life for years, but with the advent of Covid-19 and the widespread adoption of remote work, the work-from-anywhere model has become the new norm, thus skyrocketing the demand for these multiple enterprise communication tools to cater to the evolving needs of remote teams. An opportunity not to be
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EcoGraf granted US patent for its purified graphite technology
Electric vehicles are ruling the roost when it comes to sustainable transportation. And this has paved the way for new innovations, like EcoGraf’s (ASX: EGR) graphite anodes, typically used to produce lithium-ion batteries, to take centre stage and enable the sustainable growth of EVs. EcoGraf has received notice from the US Patent and Trademark Office
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Janison signs biggest contract in company history worth $24 million for NAPLAN
EdTech company Janison Education Group (ASX: JAN) has signed the largest contract in its history with Government-owned Education Services Australia (ESA) to extend their collaboration. Janison will provide ESA with the technology behind the NAPLAN (National Assessment Program – Literacy and Numeracy) online test across Australia. The new agreement has an initial term of three
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Global payments guru Mark Healy to take Novatti to the next level as new CEO
To insiders within the digital payments industry, Mark Healy is a familiar name tied to success, risk management, and global expansion across the fintech world. It’s also why Novatti Group (ASX: NOV) sought him to lead the Company into a new era of global payments growth where the Melbourne-based fintech has established a payments ecosystem
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Atomo lands $2.1m deal to supply HIV self-test kits for European distribution
Roughly two months after securing a supply order for HIV Self-Test kit for the South African market back in April 2023, medical diagnostics company Atomo Diagnostics (ASX: AT1) has further bolstered its project portfolio through an exclusive supply agreement with UK-based Newfoundland Diagnostics. This agreement focuses on HIV rapid testing in the European market. HIV
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Zimi to start shipping its Senoa smart devices, begins with back orders worth $1.6 million
Nearly every device boasts oodles of smarts now. You can control it from miles away, automate it, ask it to perform Mariah Carey, you name it. And seemingly, there’s plenty of demand for it! Australian tech company Zimi (ASX: ZMM) has announced the successful production and first shipments of its latest smart device product range,
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Bailador Technology sells telehealth platform InstantScripts to Wesfarmers for $135m
In the post-pandemic world, home-based medical tests and remote healthcare consultations are becoming the preferred method due to it being relatively effective (say bye to hours of waiting time in clinics!), and accessible. This is especially true for those located in rural areas, where telehealth is becoming a new norm that will continue to change
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Domino’s to close 27 stores in Denmark and up to 70 stores worldwide, citing “legacy of damage”
In sad news for Domino’s (ASX: DMP) lovers in Denmark, the global pizza chain has announced its decision to shut down 27 stores in the country as part of its ongoing efforts to optimise its corporate store network. In addition to the closures in Denmark, approximately 65-70 underperforming corporate-owned stores worldwide will also be closed,
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Avada credits stabilising weather conditions for earnings boost
Finding yourself irritated at having to change outfits constantly due to unpredictable weather conditions? You’re not alone. Traffic management services provider Avada Group (ASX: AVD) has had to weather some frustrating climatic conditions, and it has impacted the Company’s financials. However, as per its latest projections, Avada is poised for a strong finish in H2
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AUDD launches on the XRP Ledger as Novatti broadens stablecoin reach
By facilitating instantaneous transactions that can be publicly traced, blockchain-based payments are rapidly disrupting traditional banking systems where digital payments company Novatti Group (ASX: NOV) has confirmed the launch of its AUDD stablecoin on the XRP Ledger. XRP Ledger (XRPL) is a decentralised exchange (DEX) operated by Ripple, where XRP is the native digital currency.
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Archer boosts its qubit material performance at room temperature
Australian semiconductor company Archer Materials (ASX: AXE) has reached a significant milestone in engineering its cutting-edge qubit material, which will likely play a role in future generations of powerful quantum computing. A qubit is the fundamental unit of information in quantum computing. Archer is one of few companies in the world developing qubit processors, chips,
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Frugl wins contract to build virtual grocery marketplace for UAE retailer
After handing over its underperforming grocery price tracking app to software solutions business Trienpont, retail intelligence company Frugl (ASX: FGL) has found a new avenue for its tech expertise: developing retail grocery marketplaces for other companies. One of them being the United Arab Emirates-based retailer 1004 Gourmet. With a project price tag of $81.9k, Frugl
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WebMD to acquire Limeade for $115 million, shareholders rejoice over 325% share price premium
If you’ve found yourself scouring the internet for some medical advice and landed on WebMD, you’re not alone. With over a million likes on Facebook, WebMD is known to provide health and well-being information online. What’s more, this virtual healthcare giant is all set to acquire the digital employee well-being company Limeade (ASX: LME) for
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Aussie microcap Gas2Grid seeks $55 million compensation in damages caused by French Government’s permit refusal
In a David-and-Goliath showdown that has captured the attention of the energy industry, Gas2Grid, a small oil exploration company (ASX: GGX) is going head to head with the French Government for a legal hearing on June 28. The hearing will determine the fate of Gas2Grid’s claim for a staggering $55 million in compensation. The claim,
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Beamtree bound to Canada with first major North American win
AI solutions provider for healthcare companies Beamtree Holdings (ASX: BMT) has won a significant contract bid with the Provincial Health Services Authority (PHSA) in British Columbia, Canada. This milestone marks Beamtree’s first major foray into the North American market. The contract, valued at approximately $0.5 million, signifies a pivotal achievement for the Company and is
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Volpara teams up with BreastScreen Victoria to implement AI imaging for breast cancer
As medical technology continues to advance, digital imaging is now a staple for image interpretation for cancer diagnosis, especially in finding potential abnormalities that aren’t visible to the eyes as well as evaluating the extent of the disease. Breast cancer software company Volpara (ASX: VHT) is among those that offers what it takes to meet
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DigitalX’s Bitcoin Fund sees 4.5% decline as crypto markets brace for Binance lawsuit
A quick recap for anyone who is out of the crypto whirlpool: Last year, FTX (one of the largest crypto exchanges) collapsed, crypto prices crashed and inflation rose. Now, the US Securities and Exchange Commission (SEC) is suing the world’s largest crypto exchange, Binance, for mishandling consumer funds, misleading consumers and creating a “web of
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Avecho develops cannabis gummies, gears up to bring them to Australia
Biotech company Avecho (ASX: AVE) has completed the development of its first generation TPM gummies containing cannabinoids and is all set to release them to Aussie consumers. TPM cannabinoid gummies out-perform standard products with faster onset and greater magnitude of effect. Gummies are chewable, jelly-like preparations made from a mixture of glycerin and gelatin, able
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Synlait receives permit renewal to supply baby formula to the Chinese market
China has emerged as a hotspot for baby formula export from Australia and New Zealand. Imported baby formula holds a significant 56% share of the total market, making it one of the leading export commodities from both countries. These imported formulas will be valued at an estimated US$32 billion by 2023, according to Euromonitor, driven
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Sigma Healthcare inks $3 billion supply deal with Chemist Warehouse via equity partnership
Retail pharmacy supplier Sigma Healthcare (ASX: SIG) – the Company behind Amcal and Discount Drug Stores – has struck a deal with pharmacy giant Chemist Warehouse. The deal encompasses the supply of Pharmaceutical Benefits Scheme (PBS) medicines and healthcare products for five years, set to kick off on July 1, 2024. Sigma currently serves as
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Southern Cross Electrical lands three data centre projects with Amazon, Microsoft and NEXTDC
Heyday is enjoying its heyday, signing on tech giants as clients once again. In a significant development, electrical engineering company Southern Cross Electrical Engineering (ASX: SXE) subsidiary, Heyday—an electrical installation service, has been awarded three prestigious data centre projects in Sydney. Collectively, they are valued at over $60 million. The projects are poised to reinforce
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Chimeric’s cell therapy drug moves on to Phase 1B trial to treat malignant brain cancer
In 2020, the Department of Health and Aged Care revealed that approximately 2,000 Australians were diagnosed with brain cancer. New cases of brain cancer are increasing every year and Glioblastoma, the most common, complex, treatment-resistant, and deadliest type of brain cancer, accounts for 45% of all malignant brain tumours. On a global scale, it is
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Starpharma gains regulatory approval in Malaysia for nasal spray to build momentum in Asia
Biopharmaceutical company Starpharma (ASX: SPL) has received regulatory approval for its antiviral nasal spray product, VIRALEZE, in Malaysia. This milestone achievement grants Starpharma and its commercial partners the opportunity to market and sell the innovative product in Malaysia, a country with a population exceeding 33 million. VIRALEZE has garnered significant recognition in Asia following successful
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Doctor Care Anywhere sells GP2U to focus on UK growth
As it departs from Australia to cement its base in the UK alone, telehealth company Doctor Care Anywhere Group (ASX: DOC) has decided to sell its Aussie subsidiary GP2U Telehealth. The Company had bought GP2U for $11 million in September 2021 to tap into the mental health market in Australia, which worsened following the pandemic.
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Novatti presents stablecoin use case at RBA event, performs charitable donation using eAUD
As digital wallets users in Australia have doubled in the last three years, the need to adapt traditional banking systems around digital currency is being explored by the Reserve Bank of Australia, with a use case presented by digital payments company Novatti Group (ASX: NOV) centring around their AUDD stablecoin. The presentation by Novatti was
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Aurora Labs heads to Saudi Arabia with Aramco contract for 3D printing
In the wake of the Covid-19 pandemic, 3D printing emerged as a powerful tool for hospitals to ramp up the production of personal protective equipment (PPE), revealing the vast potential of this technology and foreshadowing its widespread adoption in the future. Advancing in this arena, Aussie industrial tech and innovation company Aurora Labs (ASX:A3D) has
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Rising demand for AI capabilities send NVIDIA into $1Tn club, here’s the ASX semiconductor companies to watch
Last week, the NASDAQ reached its highest level since August 2022 thanks to immense growth in Artificial Intelligence (AI) and associated NASDAQ-listed companies. The combined market value of tech companies listed on the NASDAQ Composite index stood at US $22 trillion, up from US$18 trillion at the end of 2022 with the AI-driven rally contributing
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Orcoda signs $800k contract with Aurizon for LED lighting at rail yards
Aurizon’s rail yards are set to be lit up with Betta’s LED lighting tech. Logistics optimisation and infrastructure services company Orcoda (ASX: ODA) has announced a significant contract agreement through its subsidiary, Betta Group of Companies Qld. The $800,000 contract has been signed with Australia’s largest rail-based transport business Aurizon Operations. The contract involves the
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Yojee signs deal with Cargo Compass in South Africa as part of its new Partner Program
Shoot for the moon and you’ll land among the stars. In an attempt to validate the saying, logistics platform Yojee (ASX: YOJ) has been star—a.k.a. strategy—hopping, hoping it edges closer to the moon. The Company has launched a Partner Program to boost its profitable client portfolio and the latest addition is an agreement with Cargo
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Range Rover Sport SV gets 36kg lighter with Carbon Revolution’s fibre wheels
Global tech company Carbon Revolution (ASX: CBR) has kicked a big goal by becoming the supplier of carbon fiber wheels for the highly anticipated 2024 Range Rover Sport SV, unveiled by Jaguar Land Rover (JLR). This marks Carbon Revolution’s foray into the SUV carbon fiber wheel market, representing an expansion of the Company’s lightweight wheel
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Cipherpoint secures major SOCaaS deal in response to Australia cyberattack emergency
The Australian cybersecurity landscape is currently at its state of volatility. The increase in ransomware as a service to the nation’s largest corporations, a growing number of compromised business emails, unaddressed vulnerabilities, and security backdoor possibly due to transition to work from home setting makes businesses of all sizes and industries prone to substantial risks.
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1414 Degrees lets shareholders name its silicon storage product, “SiBrick”
What is one way to ensure that you don’t disappoint your shareholders? Let them call the shots! That’s what sustainable energy tech company 1414 Degrees (ASX: 14D) did when picking a name for its silicon storage solution previously called 14D Brick. Its shareholders suggested 260 names, and “SiBrick” came out as the best choice. The
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Good Drinks Australia sells gaming licenses, funds Queensland expansion
Flashing lights and clanking sounds—pokies is not for the faint of heart or money. Especially when it is complemented by a round of drinks at the pub. Aussie pubs often run a pokies side hustle to exploit degenerative gamblers. However some companies’ moral compasses are veering them in a different direction. Aussie beer company Good
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Customers go cold on gift hampers as Maggie Beer sales struggle
First candles, now treats. The inflationary environment has well and truly settled in, pulling people away from luxuries, as small as they may be. Premium food company Maggie Beer (ASX: MBH) seems to be the latest casualty. Both of the Company’s divisions—Maggie Beer Products (MBP) and Hampers & Gifts Australia (HGA) (which was touted as
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One Click Group expands its One Click Mortgage product across Australia
One click is all it takes to get a mortgage, or so says Western Australia-based FinTech company One Click Group (ASX:1CG) is set to expand its One Click Mortgage product domestically, which is now available in all states and territories of Australia. Since its launch in April, the One Click Mortgage product has been generating
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Bomb detection becomes safer with Micro-X’s Argus, a robot with an X-ray camera
Imagine that you find a suspicious package at the station and inform the police. Instead of putting personnel at risk, they send Argus, a robot equipped with backscatter X-ray technology. From a safe distance of 1,500 meters, Argus captures high-definition images, unveiling the package’s contents and potential dangers. This crucial information allows experts to strategize
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Matrix signs $4 million contract with TransOcean, boosts revenue projection to $50m
Material tech company Matrix Composites & Engineering (ASX: MCE) has secured a significant contract with TransOcean, a leading offshore drilling company, to supply drilling riser buoyancy modules. This contract, valued at $4 million, is expected to further bolster Matrix’s position as a premier supplier in the industry. The buoyancy modules will be manufactured and delivered
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Austco to acquire Teknocorp for $3.8 million to boost nurse call sales in Australia
In a strategic move to boost its presence in the Aussie market, healthcare tech company Austco Healthcare (ASX:AHC) has revealed its intention to acquire Victorian-based Teknocorp Australia and its Victorian Monitoring Services division conditionally. The acquisition, valued at $3.8 million, marks a significant step for Austco attempting to replicate its direct sales model implemented in
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Mayfield Childcare acquires two centres, set to benefit from increased childcare subsidies
Early education provider Mayfield Childcare (ASX: MFD) has successfully concluded the acquisition of two high-performing childcare centers, right in time as the Aussie government boosts childcare subsidies for parents. The Company’s latest move includes the acquisition of a centre in Sandringham, which complements Mayfield’s existing facility in Cheltenham, thereby fortifying its Bayside operations. With 60
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Top Shelf’s Whisky and Vodka to be stocked across Coles Liquor Group
In a significant development for Aussie branded spirits company Top Shelf (ASX: TSI), Coles Liquor Group (CLG) has confirmed nationwide ranging for Top Shelf’s NED Australian Whisky and Grainshaker Australian Vodka. Commencing in July 2023, three NED products, including the 1-litre, 200mL, and the new super premium Green Sash Reserve Australian Whisky 700mL, will be
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Scarless healing one step closer as Fiona Wood-led clinical trials demonstrate collagen reduction
The world is one step closer to scarless healing with clinical data released by the University of Western Australia (UWA) where their trials led by Professor Fiona Wood AM have delivered highly encouraging results from a topical cream that can reduce scar tissue formation. The vital ingredient within the cream used is the drug PXS-6302Read MorePublic
RLF AgTech expands to Vietnam with five-year $3.3 million Kona deal
In a move to revolutionise Vietnam’s agricultural sector, tech-driven plant nutrition company RLF AgTech (ASX: RLF) has announced a groundbreaking distribution agreement with Kona, a prominent distributor of agricultural products in the country. The deal, valued at $3.3 million over a span of five years, is set to transform the landscape of crop cultivation and
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RentPay adoption up amid ongoing rental crisis as payment flexibility becomes priority
With soaring rent, your bank account may be missing a few zeroes but not everyone is up in arms about it. For rental payment company RentPay (ASX: RNT), it has been a period of growth. Australia’s website made for renters has achieved a significant milestone of $100 million in rent paid through its platform since
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Can giving cows supplements produce more milk? Terragen reports yes
Whoever said only athletes could benefit from spiked goods probably did not consider what animals as contenders. No more, for agricultural company Terragen Holdings (ASX: TGH) is making a case for the cows with MYLO, not to be confused with Milo, the chocolate powder that one takes with milk. Terragen undertook a study—the largest for
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UNITH confirms digital human has been deployed to a Big 5 Tech company’s European operations
Once there had been a traditional notion that Artificial Intelligence (AI) requires sophisticated processing power and can only be deployed by multimillion dollar businesses, but no – it’s a fallacy. This myth has been debunked by AI company UNITH (ASX: UNT) which is on track to launch the new version of its Digital Human platform
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Punt on it: RAS signs six year contract with Tabcorp in a bid to boost betting
The pandemic lent Australians the time and money to wager bets on their favourite horses. Suddenly, gambling one’s fortune away was not such a bad idea. However, the industry has witnessed a slowdown since recovery from Covid with people having to save up for rising costs. However, wagering tech company RAS Technology (ASX: RTH) is
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PlaySide signs deals with UK-based developer to publish survival game Dynasty of the Sands
In a world where imagination knows no bounds and technology has enough power to support it, gaming continues to grow as a cultural phenomenon that captivates 3 billion players worldwide of all ages and backgrounds. Popular game genres tend to alternate with whatever happens to catch the eyes of gamers at that time. First-person shooters
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Bidding war intensifies: SILK receives competing acquisition offer from EC Healthcare
The beauty treatment company SILK Laser Australia (ASX: SLA) has found itself at the center of a bidding war as it contemplates the offers from two interested parties—EC Healthcare and Australian Pharmaceutical Industries (API). As if in an episode of the Bachelor, it must now decide: who gets the rose? SILK Laser Australia has received
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Nuix starts its 2.0 journey with Rampiva acquisition, putting behind its legal troubles
After enduring months of legal disputes, declining revenues, and significant changes to its board of directors, technology company Nuix (ASX: NXL) is embarking on its 2.0 journey with the acquisition of Rampiva, a provider of workflow automation and job scheduling software. The acquisition marks a pivotal moment for Nuix as it aims to revitalise its
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Consumers reduce fashion spending and City Chic didn’t make the cut
Built up savings during the pandemic contributed to an 18-month period of robust growth in early 2021 for online fashion but the fall from those highs have since brought online retailers to their knees. Inflationary pressure, reduced discretionary spending and depressed customer sentiment carried over to 2023 have pushed the fashion industry over the edge.
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Archer becomes first Australian company to partner with the World Economic Forum’s Centre for Fourth Industrial Revolution
The first industrial revolution saw the rise of factories and mass production, the second brought about cars and phones, the third brought about the internet and globalisation, and the fourth—the one we’re currently living through—is advancing artificial intelligence, automation and more. Each new industrial revolution has brought about a transformation that we can’t imagine our
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Spacetalk launches Adventurer 2 smartwatch to promote child safety without enabling unhealthy internet habits
No social media, no internet, just a smartwatch enabled with a 4G phone, GPS and more to keep kids secure and reachable. With working parents, keeping tabs on children at all times is just not possible. And while giving them a phone is a quick fix, it might also stunt their social growth. A sweet
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Ongoing inflationary environment sees dusk sales decline, can the new CEO change its fate?
Nearly everything has become super expensive, so it is not surprising that little luxuries, like candles, are losing their appeal compared to everyday necessities. And it’s reflecting in the turbulent financial performance of premium retailers like the Aussie home fragrance retailer dusk Group (ASX: DSK). The Company has released its financial guidance for FY23, anticipating
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Austal USA receives $5 billion contract from US Navy amid ongoing fraud debacle
Battling fraud allegations in its US division and initiating layoffs in Australia, ship building company Austal (ASX: ASB) is trying to batten down the hatches. And in that spirit, the Company’s USA arm has locked in a $4.8 billion contract for up to seven T-AGOS 25 class ships—or surveillance ships—for the US Navy. Austal USA
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Streamplay to launch its cloud gaming and music sharing platform in Fiji
Ever been tired of the hundreds of apps downloaded on your phone? Competitive gaming and eSports tech company Streamplay (ASX: SP8) has found a workaround for that, especially if you’re one for gaming. It lets users stream their video games—via mGames—on their phones without having to download them. Plus, with mJams, it lets users create
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Online gaming becomes the new frontier for Aristocrat as it sees decline in Australia
Leading gaming company Aristocrat (ASX: ALL) reports impressive financial results with double-digit revenue growth and soaring profits. Revenue from ordinary activities surged by 12.2% to reach $3,080.4 million, while profit before tax soared by 42.6% to $852.8 million. After-tax profit also saw a remarkable increase of 27.3% to $653 million, highlighting the Company’s strong performance
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Zooming past: Businesses are over remote meetings, as Serko reports big rises in business travel
Tired of staring at your screen all day, logging into one Zoom call after the next? You’re not alone. The thrill of interacting with clients from across the world through a laptop screen has come to a screeching halt with people preferring to meet in person over virtual catch-ups. Travel management and expense tech Company
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Furniture retailer Temple & Webster brings on AI for cost savings and consumer retention
Designing a home is a nerve-wracking process. From deciding the style to picking the furniture—the journey can be exhausting and often frustrating. Now imagine that, after you pick just one piece of furniture, in a matter of minutes, someone generates a list of everything you will need to realise your Pinterest interior design board. Artificial
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Digital wallet users double in past three years as Novatti lines up $15m sales pipeline for digital payment products
“Cash or card?” Just like millions of Aussies who opted to “bring their phone and no more” on a daily basis, you’ve probably lost count of how much you have tapped your phone or card. According to the Australian Banking Association (ABA), Australia’s shift to digital banking is accelerating, with the number of people leaving
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Payroll tax controversy hits Pacific Smiles in New South Wales
Dental service organisation Pacific Smiles Group (ASX: PSQ) has received a Determination Letter from Revenue New South Wales concerning the treatment of its Services and Facility Agreements (SFAs) with dentists for payroll tax purposes. The authorities claim that the fees held by dentists in Pacific Smiles’ embrace should face the payroll tax guillotine. Pacific Smiles,
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Cettire sales show luxury goods to be inflation-proof as sales sparkle through April
Is there any industry that still thrives amidst the pandemic, mortgage pressures, inflation and rising cost of living? While setbacks and economic downturns affected almost all business areas during the pandemic, the luxury goods market has oddly been inflation-proof, being one of the fastest industries to bounce back in 2021 to pre-COVID-19 heights as the
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Vinyl is back, and Jaxsta is helming the revival
Some of the biggest names in the music industry—Harry Styles, Taylor Swift and Beyoncé—are on tour this year, turning consumer appetite towards nostalgic music consumption forms, including, seemingly, vinyl. In keeping with that, the world’s leading music credits database Jaxsta (ASX: JXT) has unveiled VINYL, an extensive music catalogue featuring over 49,000 vinyl records available
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Chances are you’re about to lose, PointsBet heeds to its disclaimers and cashes out
The US market was long viewed as the white whale of the sportsbetting industry, but five years on from a landmark 2018 Supreme Court ruling which turned fiction into reality, those chasing the big win have copped the biggest losses. Ironic, huh? For Australian sportsbetting company PointsBet (ASX: PBH), today’s sale of their US operations
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InvoCare gets second acquisition offer from TPG, this time with confidentiality
Funeral services company InvoCare Limited (ASX: IVC) has received a revised proposal from private equity company TPG Capital Global regarding the potential acquisition of all the issued capital of InvoCare. This revised proposal comes after an unsuccessful attempt by TPG last month. Previously, TPG made an offer InvoCare simply could refuse. The Company found the
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India ATM strategy paying off for Findi as earnings surge 500% in FY23
After experiencing a lull in FY22, Fintech company Findi Limited (ASX: FND) has announced its financial results for the full year ending on March 31, 2023, surpassing expectations and achieving significant growth. The Company reported revenue of $54.5 million, exceeding the forecasted $50 million. This success translated into an EBITDA of $16.8 million, surpassing the
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Ainsworth isn’t horsing around, projects $20 million profit in H1 CY23 with historical horse racing boom
Aussie gaming tech company Ainsworth (ASX: AGI) is set to rein in the profits as historical horse racing picks up steam globally. Based on current forecasts, the Company expects to report a profit before tax of approximately $20 million, excluding currency impacts and one-off items, for the six-month period ending on June 30, 2023. Ainsworth’s
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Profits flowing as diversification delivers an upgrade for water manager Vysarn
While Australia makes the driest inhabited continent in the world, finding an adequate supply of water is an essential part of running the daily operations of 800 mining sites across the country. Historically, the water used in mining sites contains high amounts of toxins, which other than creating a significant volume of wastage also negatively
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CellNet receives $6 million acquisition proposal from Wentronic amid a poor financial outlook
Lifestyle tech company, CellNet (ASX: CLT), has found a potential saviour amidst its mounting losses. In a bid to transform its fortunes, CellNet has announced its proposal to be acquired by Wentronic, a leading manufacturer and distributor of consumer electronics accessories. The acquisition, valued at $6.6 million, comes at a crucial time for CellNet as
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HeraMED partners with JOGG to revolutionise pregnancy care with HeraCARE platform
Support is a fundamental need for all, but surprisingly lacking in most spheres of life. Pregnant women worldwide are often left to their own devices when it comes to navigating healthcare during pregnancy. Alone, they navigate the emotional and physical rollercoaster, with many Aussie women admitting to feeling distressed citing lack of support and knowledge.
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Xref launches new Pulse Survey features to improve employee retention and morale
At a time when mass layoffs are becoming a thing, global HR tech platform, Xref (ASX: XF1) is focusing on employee retention. The Company has announced the launch of its new Pulse Survey feature and announced updates across its subsidiaries, completing its lineup of ‘Hire to Retire’ products offered via its new Enterprise platform. Pulse
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Bubs Australia founder and CEO forced out for alleged failure to comply with board directions
Just a month after Bubs Australia (ASX: BUB) announced that executive chairman Dennis Lin would be removed from the business, the baby milk formula company announced another shake up of its executive line up. Perhaps a foreseeable one, this time founder and CEO Kristy Carr was terminated from her position with immediate effect due to
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Appen share price falls over 20% after disappointing April update
Machine intelligence company Appen (ASX: APX) must be having Covid flashbacks as its share price is tanking once again. Once an ASX dreamboat, falling demand for the Company’s products has left it to take on cost reduction initiatives. In February 2023, in its annual report, Appen stated that it expects a soft start to FY23
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The Redbubble bubble bursts with mass layoffs underlining the quarter
Over the past year, tech companies in the US have become notorious for mass layoffs. IT giants, from Google to Amazon, have laid off thousands of employees in light of growing inflation. Now, that trend seems to be gaining steam in Australia. To return to cash flow positivity, Aussie online print-on-demand marketplace Redbubble (ASX: RBL)
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Proteomics’ PromarkerD test enters the lucrative US market
Successful early diagnosis of diabetic kidney disease (DKD) delivers a win-win-win situation for the medical professionals who treat this disease, its sufferers and the cost base of any country’s health system. Doctors would gain access to speedier diagnosis, opening the way for them to deliver more efficacious treatment decisions that improve clinical outcomes for patients,
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Drug that stops growth of cancerous cells shows positive results
12-year-old Louie the beagle had little time left once the vet diagnosed his lymphoma. To avoid the side effects of steroids and chemo, his parents took a chance on biotech company PharmAust’s (ASX: PAA) monepantel (MPL) drug. Within a few weeks, Louie’s lymph nodes shrunk and he enjoyed a good quality of life. Today, he
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The Original Juice Co signs distribution deal to juice up Asia
A nutritious morning staple that has been around since the 1900s, orange juice has surely earned its place on breakfast tables almost everywhere around the globe. This has prompted juice manufacturers like The Original Juice Co (ASX: OJC) (formerly the Food Revolution Group) to maximise commercial opportunities on a global scale, particularly Mainland China which
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EZZ teams up with Aubay to expand reach in China, expects annual revenue to grow by $16 million
Nutritional supplements company EZZ Life Science Holdings (ASX: EZZ), a genomic life science company, has entered into an agreement with service management company Aubay Pty. Ltd. trading as HIC for the exclusive distribution rights of two EZZ-branded products. The two-year agreement is expected to generate additional annual revenues of at least $16 million for EZZ
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oOh! Media has an oOps! Moment as 40% share price decline raises questions from ASX
Being an ASX-listed company doesn’t stop at your IPO. There’s a list of rules and regulations that many seem to have found a way around, thus irking the ASX. On May 3, out-of-home advertising company oOh! Media (ASX: OML) published an investor presentation resulting in a share price dump. Whether it was planned or not,
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Halo brings on Modus for strategic review amid multi-million dollar Fonterra deal
A strategic review rarely signals good things. Most times, it reveals the many cracks within the company. But if you’re lucky, the review will end with only great things to say about it. Amid a multi-million dollar deal with dairy nutrition company Fonterra, the functional beverage brand Halo Food Co (ASX: HLF) has decided to
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Archer ticks off quantum milestones with zero debt and the backing of world’s largest semiconductor foundry
In a trillion-dollar industry so inundated by competitors, Aussie semiconductor company Archer Materials (ASX: AXE) has managed to stand out and make a name for itself with its unique qubit processor technology, the 12CQ chip, which is paving the path for mobile quantum computing devices. It has the backing of the largest semiconductor chip producer,
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Medibank receives class action lawsuit by Slater & Gordon
On October 11, 2022, health insurance provider Medibank (ASX: MPL) noticed a security breach in its system. A criminal was able to access Medibank’s systems by using a stolen username and password from a third-party IT service provider. They were able to obtain more credentials and access multiple systems. This was possible due to a
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Incannex to launch psychedelic-assisted clinics across Australia
In February 2023, Australia became the first country to accept psychedelics, i.e. hallucinogenic drugs, as medicine. It approved the use of MDMA and psilocybin, typically known as mushrooms and ecstasy, for psychiatric help. Medical cannabis and psychedelics manufacturer Incannex Healthcare (ASX: IHL) wasted no time and announced the launch of the first psychedelic-assisted psychotherapy clinic.
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Appen teams up with Reka to help organisations develop generative AI tools
That people are using ChatGPT to generate flirty messages for their Tinder matches is evidence that the generative AI tool has more of a human edge than one can imagine. And that’s possible thanks to the large language models (or LLMs) that go into its making. To get at the forefront of the action, machine
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My Rewards to acquire digital marketing agency for $1.8 million
In a bid to diversify its revenue sources, loyalty and engagement rewards provider My Rewards International (ASX: MRI) is set to acquire digital marketing agency Frankly. Frankly is a Melbourne-based digital marketing agency, offering a range of services including lead generation, search engine marketing (SEM), web development, creative design and campaign reporting. Frankly has provided
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OpenLearning launches ChatGPT-like AI to develop educational courses
Think ChatGPT can only help students cheat? Think again. While, yes, sure, it can help kids get an easy pass, it can also take some load off teachers. EduTech company OpenLearning (ASX: OLL) has announced the launch of its new generative AI-powered course authoring tools. These tools are expected to revolutionise how education providers create
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humm comes full circle with return to business lending as BNPL trend wanes
As the OG of the buy-now-pay-later trend which gripped Australian consumer habits before turning out to be an awful business strategy, it’ been a much softer landing for humm group (ASX: HUM) which had a very strong lending business to fall back on, unlike its hip, young BNPL competitors. For humm, which was established back
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Universal Biosensors launches diabetes monitoring device for cats and dogs in the US
In the land of sugar and fat, health concerns for the general population are rising and this has extended towards our furry friends where diabetes in cats and dogs are a real risk which is being addressed by biotech company Universal Biosensors (ASX: UBI) and their blood sugar monitoring device. As the latest extension of
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Clear path ahead following SenSen and its AI road monitoring tech contracted by NSW Government
With the recent heavy rainfall that led to flooding, causing roads across New South Wales to deteriorate leading to arising concerns due to thousands of potholes appearing, landslide incidents surging and wet weather leaving roads practically undrivable – it was only a matter of time the NSW Government came forward with a solution. Announcing a
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Embark Education thriving with childcare occupancy roaring past 80%
As per the Australian Bureau of Statistics, in 2022, 80% of children enrolled in a preschool program were aged 4 years as compared to only 20% aged 5 years. Parents are adopting the “you’ve got to teach them young” policy, putting the focus on developing the early childhood care industry. That is probably why companies,
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Wide Open Agriculture suspended from the ASX following failure to comply with regulations
In a letter from the CEO to shareholders, farming company Wide Open Agriculture (ASX: WOA) made big promises about funding its ambitious plans. Then, when the ASX asked it to prove its claims, the Company failed to comply. Wide Open Agriculture’s securities have been suspended from trading by the ASX due to questions about the
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Retail veterans win key investors support to takeover Best & Less at discounted offer
It’s common for growing and thriving companies to attract potential suitors who want to acquire their success as Best & Less Group (ASX: BST) has achieved this through an unsolicited offer from institutional investors Ray Itaoui and Brett Blundy. However, while target companies are normally acquired at a premium, Best & Less will receive less
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Betmakers Technology undergoes major changes amid economic challenges
The pandemic saw a surge in sports betting as people were cooped up at home and had extra discretionary income to spend. However, as inflationary pressures and a return to normalcy took effect, many found that their wallets could no longer afford the risk. As a result, companies like wagering tech partner Betmakers Technology (ASX:
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Sezzle rebuilding after Zip merger collapse, expects $15m in new synergies
The installment payment platform Sezzle (ASX: SZL) appears to be bouncing back from near defeat just a year ago, with a first-quarter profit of $2.6 million in 2023 compared to a net loss of $42 million in the same period last year. In the previous year, Sezzle was almost ready to throw in the towel
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Changes in migration policy to lift minimum salary to $70k spells great news for Novatti
While international people flow stagnated over the past two years in response to the pandemic. Opening of borders, though, has seen a big uplift of arrivals in Australia which is being reflected in demand for digital payments from Novatti Group (ASX: NOV) which reported a 105% increase in transaction values processed from its cross border
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Dubber gets Oscar Piastri on board to be the driving force for its brand image after SVB collapse
Can F1 racer Oscar Piastri save a cloud-based call recording service? Dubber (ASX: DUB) is counting on it. Having incurred heaps of losses in the past year, the AI company has hedged its bets on star power as a way to get customers’ attention (and money). Over the past few months, Dubber has witnessed a
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PointsBet sale to Betr collapses but continues seeking buyer for US business
Sports betting company PointsBet (ASX: PBH) has struggled to secure bids for its underperforming businesses in Australia and the United States. While the Company received an offer from Australian wagering company Betr for its Australian business, it turned it down initially before resuming discussions again which have now broken down. This took place in the
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PSG’s League of Legends team TALON signs 3-year agreement with SportsHero
The global esports market is set to grow to $3 billion in value come 2027, with most of its revenue counting on China. It’s no wonder then that investors are displaying a great appetite, trying to get in on the action in the Asian eSports industry. Stepping into the boom, sports prediction platform SportsHero (ASX:
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Demand rising for Family Zone’s parental control app with fears around unwelcome sexual contact
According to The Australian Institute of Family Studies, 97% of households with children aged under 15 years have access to the internet, with an average of seven devices per household. While the internet offers endless opportunities for kids to learn, explore, connect, and be exposed to the technologies that will be useful in later life,
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Doctor Care Anywhere’s Aussie Board steps down amid mass layoffs and renewed UK focus
With a super on-the-nose name, it’s difficult not to know what UK-based telehealth company Doctor Care Anywhere (ASX: DOC) does. Providing people consultations no matter where they are, the Company seems to have received public favour, with a spurt in the number of returning customers and thriving subsidiaries. At the same time, this was probably
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Japanese beer company Kirin to acquire Blackmores
Japanese beer company Kirin Holdings has agreed to acquire 100% of homegrown Aussie vitamin and supplements company Blackmores (ASX: BKL). Under the terms of the scheme, Blackmores’s shareholders will receive a cash consideration of $95 per Blackmores share, less any special dividend declared or paid prior to implementation of the scheme. Blackmores’ largest shareholder, Marcus
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Harris Technology’s strategic review paying dividends as margins rise amid international expansion
Despite the struggles faced by reduced consumer spending in response to interest rate pressure in Australia, online retailer Harris Technology (ASX: HT8) has played a steady hand through the economic headwinds and is now reaping the benefits via the inventory initiative that commenced 12 months ago, driving sales margins to recent period highs and sustainable
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Butn reports significant growth in platform lending and record user registrations
Australian finance service company Butn (ASX: BTN) has reported a strong performance for Q3 FY23, with record originations and revenue. The quarter’s loan originations totalled $109.0 million, up 77% on the previous corresponding period, with March representing another record month with $41.1 million in originations. Butn’s quarterly platform originations also increased significantly, up 158% on
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Cashed up, UNITH marches towards launching Digital Human self-service platform
From impressive development milestones that delivered a successful capital raise, artificial intelligence (AI) company UNITH (ASX: UNT) kicked critical goals across the March quarter in their path towards commercialising their self-service Digital Human platform which will allow any business owner to employ a digital human that comes without the baggage of traditional labour hire. Importantly
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IOUPay fails to secure funding, enters voluntary administration
After a tumultuous year replete with lawsuits, declines and deal fallouts, digital payments company IOUPay (ASX: IOU) has entered voluntary administration. Daniel Walley and Philip Carter of PricewaterhouseCoopers Australia have been tasked with putting on the cape and saving the Company from their burning building. This action has been taken as IOUPay has many outstanding
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Despite price increases, Aussies lap up fast food with Restaurant Brands sales up 12%
Say what you will about eating healthier, saving money and being more eco-conscious, but there’s just something about fried chicken that dispels any need to be a “better” consumer. New Zealand-based fast food restaurant company Restaurant Brands (ASX: RBD) is a testament to that. With total sales for the first quarter to March 31, 2023,
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Trouble brewing for Wide Open Agriculture amid request for a 9-week voluntary suspension
After asking shareholders to expect great things from the Company’s future, Aussie regenerative farming company Wide Open Agriculture (ASX: WOA) has within just a few days later sought voluntary suspension from the ASX for nine weeks. (Sadistic sense of humour, much?). The suspension follows the Letter to Shareholders on April 19 signed off by CEO
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Singles lining up for matchmaking as Love Group consultations rise
With so many missed opportunities during the pandemic, most singles now think it’s the right time to reassess their priorities and fight harder – to find serious committed relationships. Navigating the choppy waters of finding love can indeed be daunting, so this is where dating service providers like Love Group (ASX: LVE) come in handy
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Eildon Capital secures funding to develop of $80 million shopping centre in burgeoning Melbourne suburb
Werribee, a rapidly growing family-first suburb in Melbourne, is set to get a new shopping centre valued at $80 million, courtesy of funds management company Eildon Capital (ASX: EDC). Eildon’s EFM Harpley Town Centre Property Trust Fund (EFM) has secured $31.5 million from wholesale investors for the new direct property fund. The seven-year fixed-term fund
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Michael Hill to acquire Bevilles for $45m to tap into mid-market jewellery
As revealed by more and more media publications, the recurring trend in the diamond revolution among Gen-Zs and Millennials revolves on their reluctance to drop big money on diamond jewelleries, considering high costs of living and other financial pressures. With this, jewellery companies like Michael Hill International (ASX: MHJ) had to do its best to
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SILK Laser receives $169m Wesfarmers acquisition offer, shareholders voice support
Australian conglomerate Wesfarmers (ASX: WES)—the company behind Bunnings, Kmart and Priceline—has set its sights on acquiring Silk Laser (ASX: SLA), a leading provider of skin treatment and laser hair removal services, for a whopping $169 million. Wesfarmers’ subsidiary, Australian Pharmaceutical Industries (API), has entered into a Transaction Process Deed with SILK Laser Australia Limited in
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Rewardle to expand food delivery business with acquisition of YourGrocer for $2,898
Strike while the iron is hot, or in this case when the target is ice cold. That’s exactly what consumer tech company Rewardle (ASX: RXH) has done as the white knight coming to the rescue of grocery delivery business YourGrocer which stopped taking orders last year and was in the process of being wound up
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Design Milk running for the Hills, set to gut Company with sale of eCommerce business
A news and media website dedicated to modern design, Design Milk (ASX: DMC) has decided to sell its online business to a newly incorporated US-based entity for $521k which will take over existing contracts and an array of digital assets, leaving behind a shell of an Australian entity. In regards to the Company named Design
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Control Bionics and Deakin Uni collab will soon launch the world’s first mind-controlled wheelchair
For wheelchair users, comfort, safety and ease of use would be the top three priority features when it comes to finding the perfect wheelchair. Now, imagine if there soon will exist a groundbreaking feature that will take wheelchair tech to the next level; that is independence. Applications of this feature are already visible on the
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Genetic Technologies’ geneType prostate cancer risk assessment test validated in scientific publication
In 2022, over 24k Aussie males were diagnosed with prostate cancer. One of the most commonly diagnosed cancers, it was also the third most common cause of cancer death in Australia in 2020. Its high prevalence and the cocktail of concerns that come with it have prompted the need for better diagnosis mechanisms than the
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QuickFee bucks the trend for now amid BNPL industry decline
Buy Now Pay Later (BNPL) may not work well when it’s customer-oriented, as they might eventually see the dent in their wallet and walk away. However, if it is business-oriented, helping companies get paid on time, it might be a different story. Assisting businesses to keep track of their vendor or client payments, online payment
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Freelancer reviews expenditure to seek return to profitability
For Freelancer (ASX: FLN), a freelancing marketplace that only just reached cash flow breakeven, it sure knows how to push its luck. Despite recently getting back on track, the Company’s fortunes have taken a hit and it’s come as a bit of a surprise. Freelancer’s cash receipts for the first quarter of 2023, ending in
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Damaged nerves? Soft tissue regeneration can do a better job than sutures, says Orthocell
Imagine being in a paralysing accident and then being able to use your limbs like before in little time. Not even movies often consider that possibility. That’s exactly what Western Australia-based regenerative medicine company Orthocell (ASX: OCC) aims to achieve with its product, Remplir, which replaces painful sutures with its soft tissue regeneration medical device.
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UNITH sets plan to offer digital humans that work for free under 2023 roadmap
Known for facilitating corporations, including a Big 5 Tech company, in implementing real-time interactive digital avatars with humanised responses, artificial intelligence company UNITH (ASX: UNT) has big plans to introduce its Digital Human platform to a wider market under a freemium model. It follows the footsteps of companies like Grammarly, Spotify, Canva, and many more
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Emma Shand resigns, EML Payments appoints another new CEO to see through the CBI debacle
After just nine months in her role as CEO, Emma Shand has handed in her resignation from the deeply troubled digital payments company EML Payments (ASX: EML). Kevin Murphy has been appointed interim CEO till the Company finds a more permanent replacement. EML Payments has been battling one problem after the next—ranging from losses and
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AVADA embarks on New Zealand roads after acquiring Wilsons, New Zealand’s largest traffic management company
A leading traffic management operator AVADA (ASX: AVD) has gotten the green light to enter the New Zealand market having entered into a binding agreement to acquire Wilsons, the largest traffic management company in New Zealand’s South Island. The purchase price for the acquisition includes a cash payment of $8.8 million (subject to customary working
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Erica Berchtold of THE ICONIC joins Best & Less as CEO, set to make it the “number one choice for mums”
After being on extended medical leave from September last year, the former CEO of Aussie apparel retailer Best & Less Group (ASX: BST), Rodney Orrock, finally decided to hang up his boots on February 1, 2023. Since then, BST has been casting around for a new CEO and has finally found one in Erica Berchtold.
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Fiji Kava questioned by the ASX for ambiguous financials and ad published by The Market Herald
After wellness brand Fiji Kava (ASX: FIJ) announced its exclusive distribution agreement to expand into China, The Market Herald (ASX: TMH) promoted the big news. But upon Fiji Kava’s share price doubling, the ASX promptly suspended FIJ shares from trading to investigate the announcement and sponsored article. It turns out, Fiji Kava’s celebration was premature,
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Growing cyberattacks in Australia raise demand for cybersecurity software like Snare
Following the Medibank and Optus breaches, the latest Aussie victim of a cyberattack is Latitude Financial, a consumer lender with clients like JB HiFi. In March, the Company witnessed an attack that compromised the data—driver’s license numbers, passport numbers, financial statements and personal details—of 14 million customers. Plus, like Medibank, it has refused to pay
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4DMedical’s tech platform now unambiguously in early commercialisation
Back in the 1970s the world marvelled as the then revolutionary CT scan and nuclear medicine technologies that allowed health care professionals to gain never-before-seen insights into patients’ diseased lungs. The 3D pictures they provided were high resolution images that were a vast improvement on the 2D (x-rays) and 1D (spirometry) tests previously available. Fast
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Frugl restructures business after seeing low returns for its grocery price tracking app
Imagine spending big bucks on an app for budget-conscious shoppers that requires them to manually enter grocery prices every time they change—which could be as often as every week. (It takes user-generated content to a whole new level) Well, grocery app Frugl (ASX: FGL) thought otherwise and tried to pull off an Instagram-like platform (always
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Fishing for growth: Clean Seas Seafood to build $6m automated feeding system
While our meal prep might not be fully automated yet (sadly enough), the same cannot be said for the Yellowtail Kingfish under the Aussie aquaculture business Clean Seas Seafood (ASX: CSS). The Company, a leader in full cycle breeding, production and sale of Yellowtail Kingfish, has purchased a new automated feed barge. The barge is
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Pharmaxis progresses FDA discussions, set to expand bone marrow cancer trial to treat more patients
A large cohort of patients around the world diagnosed with myelofibrosis (aka bone marrow cancer) will soon be able to access a new treatment which has already shown to be effective in a small group of patients undergoing treatment of PXS-5505 in Phase 2 clinical trials. Myelofibrosis is a rare cancer of the bone marrow
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FijiKava terminates contract with PuMate, appoints RooLife to market products in China and Australia
The global health and wellness market, valued at $7.07 billion in 2021, is projected to exceed $19 billion by 2031. Following the pandemic, people are reevaluating their approach to health, leading to a surge in demand for health and wellness products. FijiKava (ASX: FIJ), a producer of natural, medicinally-based products such as dietary shots, drinking
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Bailador invests $9.8 million into Rosterfy, the company that managed Superbowl volunteers
Have you ever been envious of the volunteers who get the best seats at events like the Superbowl or FIFA World Cup, while getting paid to be there? Well, behind the scenes, a technology company called Rosterfy is making it all possible with its innovative volunteer and workforce management software. So it’s no wonder that
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Latitude refuses to pay ransom demand, 14 million customers with stolen data in limbo
A vicious cycle that no one can seem to break free of once they are looped in, we have seen how ransomware shattered Medibank last year. Refusing to pay, it ended up having to lifelessly see the hackers releasing private customer medical records to the dark web. Unfortunately, history has repeated itself, this time upon
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Jayride’s services back in demand after Covid lull, with more bookings and fewer refund requests
If you got free cancellation on your botched travel plans during Covid, way to go! However, the free cancellation policy has not been such a joyride for airport shuttle companies, like Jayride (ASX: JAY), which had to offer refunds and suffer losses. Jayride is an online travel marketplace for airport transfers, i.e. your shuttles and
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Saferoads receives regulatory approval to deploy recycled rubber barriers to improve road safety
The much-awaited Easter long weekend—known for its characteristic joy—turned fatal for many, as about 16 lives were lost to road accidents. Obviously, this calls for drivers to become more aware of their surroundings. At the same time, it raises the question: how can our roads be made safer and more resilient to accidents and crashes?
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As Bitcoin value rises following SVB collapse, DigitalX Bitcoin Fund sees 20% growth
The crypto universe has been riddled with chaos after chaos, with the Silicon Valley Bank collapse following the FTX downfall. Witnessing the cracks in crypto ecosystems, organisations and people had to rethink their investments. Blockchain tech company DigitalX (ASX: DCC) did so—letting go of some assets to keep peace among shareholders. First, DigitalX sold off
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IOUPay wins interim ruling against Clee Capital, set to recover legal costs but capital raise imminent
Crime does not pay; if anything, it makes you. And this was made evident with the recent Clee Capital vs Malaysian BNPL firm IOUPay (ASX: IOU) court drama. Playing out in a Johnny Depp and Amber Heard fashion, after IOUPay’s former CFO Kenneth Kuan Choon Hsuing—accused of misappropriating company funds—helped shareholder Clee Capital sue the
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GenusPlus bags another mining giant with $30 million contract
The stars are very much aligned when it comes to the relationship between power and communications infrastructure provider GenusPlus (ASX: GNP) and the ASX mining giants. After securing a $30 million powerline contract with Fortescue Metal Group (ASX: FMG) in December 2021 and $15 million substation contract with Fortescue Future Industries (FFI) around the same
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Atomo Diagnostics expands HIV self-test kits to South Africa as HIV rate hikes
Ranked fourth among countries with the highest HIV prevalence in the world, there were about 7.5 million people living with HIV in South Africa in 2021, and the number keeps growing. Subsequently, the HIV test market in South Africa is also growing as HIV testing initiatives have been implemented to increase access to testing and
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Would you like some plant-based ice cream with your potato and gravy? Pure Foods hopes so
Aussie consumers have changed, demanding better from companies everywhere. 90% of them are engaging with sustainability in their everyday lives, led by Millennials and Gen-Z. In the coming years, these generations are set to become the most prominent customer segment, making it integral for companies to act fast. Premium food company Pure Foods Tasmania (ASX:
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Forbidden Foods expands airport distribution with snack bars sold through Lagardère
If you’re feeling particularly snacky while travelling, Aussie healthy food company Forbidden Foods (ASX: FFF) will soon have you covered with its Blue Dinosaur snack bars available in more airport retail stores. The Company has secured a ranging agreement with Lagardère Travel Retail, a retail store-operating company with a presence across thousands of airports in
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Comms Group rents out excess office space and restructures business for cost savings
In 2019, over 40% of Aussie businesses were using paid Cloud services, injecting $9 billion over five years into the country’s economy. Cloud services eliminate the need for hardware or complex internal mechanisms and take the onus on themselves to provide your business with a range of services. Using the internet, they give you access
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BWX collapses, enters voluntary administration and puts Go-To up for sale
Beauty products group BWX (ASX: BWX) has collapsed and entered voluntary administration, bringing an end to a tumultuous 12 months for shareholders and employees. The board of directors has appointed Kate Warwick, Joe Hansell, and Kelly Trenfield of FTI Consulting as administrators, effective immediately. The move follows the Commonwealth Bank’s refusal to extend the terms
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Proteomics’ early detection test for endometriosis potentially a game changer
Endometriosis is a chronic disease where tissue similar to the lining of the uterus grows outside the uterus. Women are susceptible to this disease over a significant portion of their lives, starting with their first menstrual period, extending through until menopause. For all the advances in medical science, the disease has no known cure. Even
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Memphasys’s IVF treatment births baby boy in India, available in Japan now
Last year, in a bid to address the country’s low fertility rate, the Japanese government announced that it will cover 70% of the costs of IVF treatments. As people rushed to IVF clinics, companies like biotech company Memphasys (ASX: MEM) saw their time to shine. Memphasys offers the Felix System, a patented, automated single-use cartridge
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Quickstep bags Carbonix UAV contract worth $2.3m as pandemic recovery continues
Having been unheard of until the last few years, now Unmanned Aerial Vehicles (UAV) have skyrocketed in demand and popularity, mainly because it can stay aloft for many hours without having to rely on a human pilot to fly it. Widely used in diverse sectors from agriculture and law enforcement to healthcare and search and
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icetana gets a three-year renewal for its largest surveillance contract in the Middle East
Have you ever felt like you’re being watched by a Joe Goldberg-esque creepy stranger, making you feel super uncomfortable? Like, even when you’re innocently browsing in a store, and a security guard is eyeing you suspiciously. With the rise of video surveillance cameras, this feeling of being constantly watched is slowly becoming a thing of
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Hubify enters five-year agreement with Optus, estimated revenue at $12 million
Internet service provider Hubify (ASX: HFY) is seizing a new lease on life, literally, as it calls time on the Optus Small Business Program—providing telecom and internet services to small businesses—and takes on bigger fish, including Optus Enterprise Services itself. Hubify’s subsidiary company and mobility division, Broadland Solutions, has entered into a new five-year agreement
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Are offices even required to run a business? Adslot goes remote to reduce cash burn
Once upon a time, having a nice view among city office skyscrapers was seen as the height of productivity and professionalism, a symbolism of the company’s success. Working remotely was a rare occurrence until COVID hit, but now there’s no looking back. Technology to accommodate completely remote teams has advanced so much now to the
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APRA pulls up NobleOak for breaching life insurance regulations
Sydney-based life insurer NobleOak Life (ASX: NOL) has received a notice from the Australian Prudential Regulation Authority (APRA) saying that it is in breach of its prudential and reporting obligations concerning its capital. The regulation authority informed NobleOak that the calculation and reporting of its reinsurance asset exposures deviated from APRA’s prudential standards. As per
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Orbital UAV secures $2m contract for continuation of heavy fuel drone engines
We are three months into 2023, and drones are already fueling a $6 billion per annum industry. With Russia and Ukraine bringing unmanned warfare to the fore, some countries are brainstorming anti-drone mechanisms. Others are jumping on the bandwagon and hoping to access better unmanned aerial vehicles (UAVs). And manufacturer of military UAV engines Orbital
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EZZ’s energy and well-being tablets to launch on Amazon
Aussie genomic life science company EZZ (ASX: EZZ) —known for its health and wellness tablets—is set to launch its online store on Amazon and introduce three new branded products. The Company has officially launched its Amazon online flagship store at the e-commerce site for Australian consumers. Amazon is recognised as one of Australia’s—and the world’s—leading
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UNITH upgrades network for digital humans to service customers worldwide, 24/7
Living up to its popular qualities, digital humans have clear advantages when it comes to cost, customisability, scalability, automation and effectiveness. Cited in research published in Harvard Business Review on digital humans, “Once ‘hired’, they never tire, never complain, never seek a raise, and always follow company policy”. More and more companies look forward toRead MorePublic
RBA selects Novatti for central bank digital currency project
A Government issued digital currency is on the agenda of the Reserve Bank of Australia (RBA) which is tapping fintech companies around Australia for guidance on blockchain technology with the latest being Novatti Group (ASX: NOV), issuers of the AUDD stablecoin. Novatti launched the AUDD stablecoin last year where every AUDD issued is 1:1 fiat
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The future of cycling is sustainable: Canyon and IperionX team up to produce low-carbon titanium bike parts
In the book Constructing Green: The Social Structures of Sustainability, authors Henn and Hoffman introduced “Titanium” as a rating comprising the best of green construction. It is a precious ranking, unlike the metal which is present in abundance. Its durability, corrosion resistance and recyclability make titanium a metal of many talents, with applications beyond construction.
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8VI gets financial advisory license to launch the product in Singapore and Malaysia
In a bid to help people manage their money better, Singapore-based financial education tech company 8VI Holdings (ASX: 8VI) has obtained regulatory approvals to launch its Financial Advisory businesses in Singapore and Malaysia. The Financial Advisory vertical was established in FY22 as part of the Group’s plans to expand its offerings. To successfully launch the
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Batman to the rescue: lender releases The Original Juice Co from $790k debt
Whoever said Bruce Wayne was not philanthropic enough hadn’t met Batman Investments (BIPL) – an unrelated investor. Freeing the food processing and fruit juice company The Original Juice Co (ASX: OJC) (formerly the Food Revolution Group) from debt or high-interest rates, BIPL has agreed to convert the current $790,000 loan into shares in the Company.
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TasFoods goes sustainable: Partners with The Udder Way to sell milk in glass bottles instead of plastic packets
In 2022, over 80% of Aussies reported being eco-conscious, demanding better action from not just the government but also brands. And Tasmanian-based food and beverage company TasFoods (ASX: TFL) is stepping up to the task. The Company has announced a partnership with The Udder Way, an innovative milk distribution system that aims to eliminate single-use
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Pay only for the distance you drive: Ensurance invests $1.5m in KOBA’s data-driven car insurance
Imagine if you paid car insurance premiums solely based on the distance you drove and not on the basis of owning a car. What a relief, right? Well, that’s the agenda behind tech-driven car insurance startup KOBA. In 2022, car insurance was the second-most common kind of insurance held by Aussies, following closely behind health
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X2M expands Asia footprint with contracts to improve water quality in China
Two weeks after successfully booking several government contract renewals in South Korea, Aussie tech company X2M Connect (ASX: X2M) has signed three new contracts in China with its long time client LianQing to supply water quality sensor hardware and related accessories. Valued at a total of approximately $1.8m, these contracts will bring the total China
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XRG to provide virtual reality training systems to boost frontline safety for police
Virtual reality is changing how the world works. Previously, you would need to put yourself in physical jeopardy if you wanted to skydive, play tennis or break dance. Now, you can do all of it with a headset in your home. The concept is not just attractive to laymen but also to policemen, especially those
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Shriro to close its kitchen appliances business in Australia amid rising competition
When the going gets tough, some decide that it’s too much to get going and take a backseat instead. That’s the case of the kitchen appliances and consumer products company Shriro Holdings (ASX: SHM), which has decided to shut its kitchen appliances business in the Australian market in light of growing competition, rising inflation and
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Sigma makes its way back to profitability after a few lean years
Bought a rapid antigen test (RAT) lately? Odds are, you haven’t even thought about it. Even as the weather changes prompt illnesses, Covid is not a top concern for many people anymore, resulting in a fall in demand for RATs and Covid-related medicines. Plus, over the past year, labour shortages have been the bane of
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German researchers publish ‘best ever’ results for urgently needed blood cancer treatment
There is an urgent need for better treatment for myelodysplastic syndrome (MDS), a type of blood cancer, and new research published in prestigious scientific journal Nature Communications suggests a breakthrough could be coming. Researchers at the University of Heidelberg in Germany have reported results claimed to be “the best we have ever observed in our
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Clee Capital takes legal action against IOUPay with help of director accused of fraud
Fraud, losses, oustings and backtracking on deals—you’d think digital payments firm IOUPay (ASX: IOU)’s coffin couldn’t take any more nails. Untrue. The Company is now facing a new woe—and a big one at that: legal action via a disgruntled former CFO. IOUPay is being sued by one of its shareholders, Clee Capital, which holds 5.08%
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Novatti Billpay launched in 6 new countries, expanding the successful ChinaPayments business
As one of the preferred digital payment options for Chinese nationals to pay bills in Australia, ChinaPayments is expanding. But to better reflect its global reach, fintech company Novatti (ASX: NOV) has launched the product in 6 new countries under their Novatti BillPay platform. Novatti BillPay is an extension of Novatti’s ChinaPayments service that saw
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Tripping on psychedelics funded by your health insurance – it’s now a thing
The company at the forefront of the cannabis sector has also ventured into the psychedelic therapy treatment industry, demonstrating a commitment to offer alternative treatments to Little Green Pharma (ASX: LGP) and its subsidiary Reset Mind Sciences, who announced a fresh alliance with Health Insurance Fund Australia (HIF). Joining forces to tackle mental health, the
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UNITH’s latest GPT integration demonstrates 100% answer accuracy from digital humans
Making a big splash in the world of machine learning, ChatGPT can be crazy good. But still in its infancy, it is painfully inaccurate and misleading at times based on its inability to authenticate sources while scraping data across the entire internet. Having identified these issues for several years, artificial intelligence company UNITH (ASX: UNT)Read MorePublic
Post-Covid tourism boom shoots up KMD Brands’ profit and revenue
The Australian summers boosted surf wear and travel equipment demand. Now, as we approach winter, it will be Kathmandu jacket season again. All things considered, outdoor apparel retail company KMD Brands (ASX: KMD) is having the best season of all. After suffering losses to the tune of over $5 million in H1 FY22, the Company
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IOUPay accuses a senior executive of suspected fraud worth about $4 million
If you’ve watched the 2022 film, The Menu, you’d know how the meals get progressively more disturbing until the head chef blows up the whole place (including the guests). That appears to be the trajectory South-East Asia-based digital payments company IOUPay (ASX: IOU) is on. After witnessing a BNPL decline and a slew of losses
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Healthia R&D Hub secures $810k grant for 3D digital solutions to treat diabetes-related foot ulcers
Healthia (ASX: HLA) may be best known for operating more than 300 allied health clinics across Australia and New Zealand, but the rising allied health company continues to be at the forefront of medical research. Together with a team of researchers from the Queensland University of Technology, James Cook University and Healthia’s R&D Hub, they
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Openn teams up with Canada’s real estate association to launch in revenue push
Have you been house hunting lately? Turns out, many have, and it’s not a fun experience. Rising interest rates and lowered supply have intensified competition, wherein people don’t want to take their chances online with digital real estate auctions. They prefer the traditional way. That’s why digital real estate auctioning platform Openn (ASX: OPN) has
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Almond prices rise amid poor crop quality and lower output, says Select Harvests
As part of ancient Roman tradition, almonds were showered on newlyweds as fertility charms. Now, their own fertility rate has fallen. With fewer almonds to go around, Aussie almond farming company Select Harvests (ASX: SHV) has advised that its earnings are set to fall in the near future, even as rising prices provide some relief.
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IntelliHR bidding war intensifies: TAG shoots up takeover price to $0.20 per share
After Humanforce offered $0.165 to acquire HR software company IntelliHR (ASX: IHR), England-based software company The Access Group, or TAG, has upped the offer by 21.2% to $0.20 per share. For IntelliHR shareholders, the latter is a superior and more attractive option. But whether votes would work out in TAG’s favour is not certain. TAG’s
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Neurotech applies for ethics approval to trial cannabis as a treatment for Rett Syndrome
About one in 9,000 females in Australia are diagnosed with Rett Syndrome at birth. In the US, about 15,000 girls and women suffer from it, and globally, this number grows to 350,000 females. The significance of its prevalence is nothing compared to its impact. The disorder can have a detrimental effect on the lives of
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After a two-year hiatus due to trading suspension, Apple reseller Story-i is making a comeback
The past two years were not fruitful for Apple lifestyle store Story-i (ASX: SRY, formerly Pine Capital Limited), in fact they were pretty gloomy. The years were blemished by an ASX suspension on its shares, hence missed opportunities and accumulated a plethora of ASX queries alongside some failed capital raises. However, things are about to
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The Market Herald to axe Germany operations, various publications and undertakes layoffs
Would you call it a mid-life crisis or rebirth? For media house and now classifieds company The Market Herald (ASX: TMH), it has signals of both. With a new CEO, new strategy and new sources of revenue, it has set itself on a path that it hopes is the right one. The Company has progressed
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CleanSpace bags US contract, a relief as it attempts to recover from post-Covid losses
During Covid, the world fought to access the best respiratory solutions—air purifiers, masks, and respirators. However now, we seem to have entered a post-Covid reality, with some comparing Covid to a common cold. And the common cold does not usually demand a feisty response, reducing the need for respiratory solutions. That’s not great news for
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Archer gains access to the largest chipmaker TSMC’s development technology, to speed up its quantum chip ambitions
Taiwan-based semiconductor foundry—the largest chip developer in the world—TSMC, has accepted Australian semiconductor company Archer Materials (ASX: AXE) as their customer. This exciting development means that Archer will be able to access some of the most advanced semiconductor fabrication process in the world to help service and support the build out of its quantum technologies.
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Latitude cyberattack impacts 328,000 customers, personal info and identity documents stolen
The avalanche of cyber attacks has been a trending topic in Australia in the past year, making businesses increasingly vigilant.Not even giant corporations like Optus and Medibank, have immune to it. Unfortunately it happened again, with financial services provider Latitude Financial (ASX: LFS) making it into the headline this time. The Company has detected unusual
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Identitii bags Monoova contract worth $60k, on the path to recovering profits
In recent times, the Silicon Valley Bank and FTX collapse shined some light on the instability of the financial system and the need for better regulation. That’s where companies, like RegTech company Identitii (ASX: ID8), become integral. Identitii has signed a new software licence agreement with leading Australian B2B payments provider Monoova Global Payments. Monoova
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First epilepsy patient enrolled on app to observe effects of MGC Pharma’s cannabis-based drug
In Australia, over 200,000 people live with epilepsy, a chronic neurological condition that is often characterised by seizures. Thousands are hospitalised every year for epilepsy, and even with anti-seizure medication, some people continue to experience mild to severe seizures. Between 2018 and 2019, the condition accounted for over $300 million in national health expenditure. Epilepsy
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Scout Security partners up with Windstream to make smart home cameras accessible in rural areas
There is nothing better than feeling safe in your own nest, and having security cameras as extra pairs of eyes and ears around the property surely helps. The problem is, most security cameras rely on internet connection for real time monitoring, which excludes those who are living or working in low bandwidth areas to access
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Kleos’ illegal activity tracker gets validation through contract extensions and government adoption
If Netflix’s Narcos and Money Heist got you hyped up about catching crime in action, you would enjoy what defence and intelligence tech company Kleos Space S.A. (ASX: KSS) does. Basically, it locates radio transmissions from space—that would otherwise go under the radar—to identify illegal and hidden activity on land and sea. Then, it lets
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Soaring in South Korea, X2M’s smart meter tech bags $3.3m in contract extensions
Internet of Things. Our daily lives have never been easier thanks to the invention of super-cheap and micro-sized processors combined with easily accessible wireless networks that coined the term Internet of Things (IoT). Baby monitors, robot vacuums, smart watches, smart security cameras to name a few, all can be controlled with just one tap on
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Credit Clear to enter the Australian insurance claims market with a two-year IAG agreement
After thriving in the debt collection and repayments sector, Aussie tech solutions company Credit Clear Limited (ASX: CCR) is stepping into the insurance market, all thanks to its digital workflow process. The Company signed a two-year agreement with IAG, one of the largest general insurance companies in Australia and New Zealand, to deploy its purpose-built
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FBR strikes $9 million deal to manufacture Hadrian X robots for the USA
The “as-a-Service” market is a thriving one. Nearly everything is an aaS, be it network, software or even walls. Specifically, robotic tech company FBR (formerly Fastbrick Robotics) (ASX: FBR) will be deploying robots to build a wall(s) for the USA, not the kind it is infamous for, of course. FBR—known for its bricklaying robots—has struck
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Silicon Valley Bank fiasco: Dubber exposed at over $1 million as it attempts to recover from ongoing losses
Last week, the US’s Silicon Valley Bank came to a grinding halt, announcing it had run out of money. It was selling its stocks, had a negative cash balance, its share price fell by 60% and its CEO Greg Becker sold over $5 million of company shares a fortnight before the collapse. It has shocked
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Archer marches towards broad use with biochip advancement
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APM bags US and Canada contracts worth $150 million, eyes UK for future growth
Perth-based human services provider APM (ASX: APM) was born with the desire to help people of all backgrounds land jobs. Turns out, many organisations are on board with this desire seeing as the Company is locking in contracts across the world, with its most recent wins in Canada and the US. Under the Ontario Employment
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Pointing to balance sheet woes, Sequoia divests 80% of its stake in Morrison for $40 million
Integrated financial services company Sequoia Financial Group Limited (ASX: SEQ) is set to offload 80% of its equity interest in stock broking execution company Morrison Securities to New Quantum Holdings (NQ), a company that provides digital wealth management platform services. As a result, the Company will receive $40.5 million, giving Morrison a debt-free balance sheet
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After its past project fell into a slump, Douugh hopes its super app project will jump
After two “remarkable” attempts at business expansion, with one landing in hot water with the ASX while the other one completely flopped, shares in wealth management app Douugh (ASX: DOU) remains confident that the glass is still half full because hey, they say third time’s a charm. The Company claimed that its super money app
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FDA grants broad orphan drug status to PTX, shoots share price up almost 30%
Clinical state oncology company Prescient Therapeutics (ASX: PTX) has received the US FDA’s Orphan Drug Designation for its PTX-100 drug, used for cancer treatment. Previously, the Company received ODD for peripheral T-cell lymphomas (PTCL) in 2022. Following that, it applied for ODD for cutaneous T-cell lymphomas (CTCL), and it was granted a blanket designation for
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Swift awarded $2 million in contract wins, projects slated for completion in 2023
Entertainment and tech infrastructure company Swift (ASX: SW1) is making it big in Western Australia, locking in deals worth $2.06 million. It has been awarded projects across multiple sites for market-leading companies, like OTOC, AngloGold Ashanti, Mineral Resources and Roy Hill, due in 2023. As per the agreements, the Company’s engineering and delivery teams will
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As its UK distributor faces bankruptcy battles, Vmoto buys the business for $1 million
You know what they say about bankruptcy, it’s a fresh start for those willing to take the leap. In this case, however, it is not the bankrupt company making a fresh start, it is a client. Global electric vehicle company Vmoto (ASX: VMT) is set to buy its UK Distributor, the UK Distribution—part of the
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YPB Tracer to fight lottery fraud in the US
Are you tired of working hard for your money? Well, some cunning fraudsters in the US have found effortless ways to make quick cash – by counterfeiting winning pull-tab/instant lottery tickets. Employing a number of intricate methods, counterfeiters have adopted techniques such as barcode tampering, fake scratch-off coatings, and even using advanced printing techniques that
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OpenLearning and ECA team up to launch online education services in India
One of the world’s largest higher education sectors, India is home to over a thousand universities, 42k colleges, 11k standalone institutions and a college-age population—which is set to grow—that bolsters this system. India’s college-age population will reach 126 million by 2026. Even then, its higher education enrolment ratio lags behind China and Brazil. The Indian
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IMEXHS seals the deal with Colombia’s fifth largest health insurer
As medical devices now have increased in demand for homecare, preventative treatments, and early diagnosis, it is no longer applicable strictly to the hospital diagnostic and treatment settings, but also other areas of healthcare such as health insurance. Thanks to this, medical imaging software and radiology company IMEXHS (ASX: IME) has secured another deal in
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IOUPay undertakes major board change, loses share value as company undergoes turmoil
If its BNPL decline was not enough to usher IOUPay (ASX: IOU) in a different direction, its growing expenses into pushing buy-now-pay-later to no avail should. The Malaysian-based digital payments company lost share value and shareholder favor as the company experienced turmoil and witnessed resignations at the top. Its share price subsequently fell by 22.5%
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PYC gets FDA clearance to kick off human trials for its investigative drug combatting blindness
Genetic eye problems affect over two million people worldwide and often lead to blindness among the working-age population. Though there’s a lot of optimistic research into potential treatments, none exists right now. That’s what the Western Australian biotech company PYC Therapeutics (ASX: PYC) is attempting to change. After successfully treating rabbits and monkeys suffering from
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Cash Converters acquires UK-based franchise Capital Cash for $24.7 million, hopes to set up European Hub
Among the most satisfactory transactions is one that brings you financial returns for bygone items—old shoes, computers, and the like. You end up helping the environment, too by selling your old stuff instead of throwing them away. That’s why second-hand retail companies, like Cash Converters (ASX: CCV), catch consumers’ fancy. To give a (further) leg
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Optiscan receives FDA feedback to pursue de novo pathway for oral imaging
Digital microscopic imaging company Optiscan (ASX: OIL) has gotten feedback from the US Food and Drug Administration (FDA) in relation to its Pre-Market Notification (510(k)) application for the InVivage product intended for oral tissue imaging. FDA’s regulatory clearance for the product requires that both the fluorescent contrast agent drug and the device used to visualise
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MMA wins $45m worth of contracts to support wind farm developments in Taiwan
With the global offshore wind farm industry forecast to grow in the coming years, companies are getting in early to win big. Marine and subsea solutions company MMA Offshore (ASX: MRM) is one of them, having bagged three contracts to support offshore wind farm developments in Taiwan during 2023. Spanning 370 days, the contracts will
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AFT’s pain relief medication Maxigesic gets FDA approval, but the IV version still under scrutiny
Maxigesic’s tagline goes: Put it to the test for your pain. Its maker—pharma company AFT Pharmaceuticals (ASX: AFP) —did indeed put the med to the test, and it came out as a winner, bagging FDA’s approval. Sort of like a super tablet, Maxigesic combines the powers of ibuprofen and paracetamol to create a super powerful
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ClearVue bags Hong Kong government contract for energy harvesting
At a time when companies are trying to become carbon neutral, smart technology companies are winning big. Making its first move into the Hong Kong market, smart building materials company, ClearVue Technologies (ASX: CPV), has been awarded a tender to conduct a measurement and verification study (M&V Study)—to understand how much energy it can save—in
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Can celebrity marketing save IOUPay and its BNPL decline?
What started as a way to ease buyers’ financial stresses grew into one of their biggest stressors: Buy Now, Pay Later (BNPL). Bad debts and reckless spending has shined a light on the downsides of BNPL and its subsequent decline; yet, some digital payment service providers, like IOUPay (ASX: IOU), refuse to give up on
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Harris Technology hits inventory reduction milestones, household sales ramping up
Aussies might tighten their belts as the cost of living continues to hike, but there are certain items they can’t (and won’t) stop buying, even when the budget is tight. To name a few; household goods like cleaning supplies, car care, or stationary are essential to all households and driving profits for eCommerce company Harris
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Wisr revenue almost doubles as more Aussies seek out financial help
ABBA said it best: Money, money, money, must be funny in a rich man’s world. The problem is, no one’s laughing right now. Tightened wallets due to heightened inflation have left people reimaging their spending habits, bringing consumer lending company Wisr (ASX: WZR) to the fore. In the first half of FY23, the Company reported
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Titomic bags new order from Boeing to build plane components
Boeing’s planemaking and delivering abilities have come into question time and again. Most recently, the Federal Aviation Administration (FAA) pulled it up for faults in its plane parts, thus delaying its delivery to Qantas which is desperately trying to win back customers with more flights. Is there a way for Boeing to produce more efficient
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Organic growth drives Heathia earnings with new allied health services introduced into clinics
Allied health company Healthia (ASX: HLA) has bounced back from the pandemic in style with organic growth across their network being driven by new services introduced to existing clinics and a workforce buoyed with enthusiasm which contributed to a 48.2% increase in earnings. For the Half Year ended 31 December 2022, Healthia reported $124.9 million
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PlaySide Studios reports record revenue, cuts original titles following focus-shift
PlaySide Studios (ASX: PLY) has graced us with their Half Year report. Apparently, they’ve been busy repositioning themselves and refocusing its development team to create new titles for new platforms. The report also reveals that they’re planning to ride the wave of emerging technology, and although they did generate significant revenue during this period, it’s
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After defying consumer rights, Booktopia invests $12 million in a dedicated customer fulfilment centre
Defying Australian Consumer Rights was probably the biggest mistake online bookstore Booktopia (ASX: BKG) made. So much so that the Australian Competition & Consumer Commission (ACCC) took it to court for refusing refunds to customers after two days of delivery. It has cost Booktopia over $2 million. Between January 10, 2020, and November 2, 2021,
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UNITH cruises into profitability following Big 5 Tech engagement for its digital humans
With artificial intelligence for mainstream use still in its infancy, most AI companies are years away from profitability. But for UNITH (ASX: UNT), the conversational AI company has already achieved that milestone. For the Half Year ended 31 December 2022, UNITH generated $2.2 million in revenue which delivered 137k in net profit after tax, an
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Even as revenue and profit fall, Kogan says it has everything under control
If you haven’t been living under a rock, you must have heard about the massive tech layoffs across companies like Meta and Amazon. An underlying theme behind these layoffs was their CEOs’ dizzying faith in the e-commerce boom during Covid. Perhaps Aussie online shopping platform Kogan (ASX: KGN) bought into that school of thought, which
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BWX results send shock waves, involve divestments, resignations, massive losses and more
Suspended from the ASX for questionable financials and raising capital with said number, beauty and wellness company BWX (ASX: BWX) has gone off the rails. Earnings down over 600% and profits down 1,700%, consequences seem to be catching up. In the first half of FY23, the Company recorded a revenue decline of 18.4% to $79.7
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EML Payments disappointed as Ireland’s Central Bank dissatisfied with progress
A plummeting share price, board shuffles, poor decision-making and lost credibility—global payments platform EML payments (ASX: EML) has been at the bottom of the barrel for over a year now. And it just keeps getting worse somehow. The trainwreck began when, in May 2021, the Central Bank of Ireland (CBI) conducted an audit and decided
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Jumbo wins the lucky revenue draw with over 700k lottery tickets sold in H1 FY23
Just this week, a Lotto Powerball player won a whopping $10.5 million after buying his ticket online. That’s the kind of hope that drives thousands—if not millions—to buy lottery tickets even during tough times, like inflation or recession. That also explains the 706k tickets sold by lottery retailer Jumbo Interactive (ASX: JIN) in H1 FY23.
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Horror pandemic ride comes to a stop as Ardent theme parks see highest ticket sales in 6 years
Two years of generating hundreds of millions of dollars of revenue, yet ended up with net loss after tax. The past two years of pandemic has been a bumpy roller coaster period full of terror for Ardent Leisure Group (ASX: ALG) but the ride is now turning for shareholders. As more people come back to
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dusk smells trouble: fewer shoppers buying home fragrances online as inflation looms
We might not have time to stop and smell a rose, but a candle? Now we’re talking. However, that might not be the case anymore as households face the pressures of rising prices. People would rather plug their noses than invest in fragrances, as home fragrance company dusk’s (ASX: DSK) results for the first half of FY23 reveal.
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Maggie Beer pushes online strategy even as e-commerce sales fall 7%
Despite aggressive marketing strategies and advertising, premium food business Maggie Beer (ASX: MBH) failed to catch people’s fancy in H1 FY23 as its net sales fell 4.5% to $49.9 million. While retail did okay, its online segment struggled to keep up.
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Qantas is back in business as travelers see past a few years of horrific customer service
Fancy $100 million dollar lounges, free high-speed WiFi, new business class suites—the Qantas Group (ASX: QAN) is flexing every muscle to bring customers back after a three-year lull. It looks like it’s working. Even as airfares have increased by about 20%, people are on a post-Covid travel high, helping Qantas rake in the dough. In
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Australian semiconductor company Archer joins major innovation collaboration program to expand globally
ASX-listed semiconductor company Archer Materials (ASX: AXE) has increased its global presence as an industry leader, joining the Academia-Industry Collaboration Program, with a team to be based in Switzerland.
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Lovisa sales surge as demand for affordable fashion takes store network beyond 700
They say diamonds are a girl’s best friend, but higher cost of living and slower growth in discretionary income might hinder young Australians into spending so much on high-ticket fine jewelleries. Instead, they have been seeking alternatives in affordable fashion jewelleries that of course, require far less commitment than buying real diamonds. For fashion jewellery
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Jaxsta acquires Vampr, set to develop an online space for musicians and creators
In the world of Instagram and TikTok, where you can’t find who first choreographed that trending dance due to lack of credits, Jaxsta (ASX: JXT) stands out. It gives credit where credit’s due and will now do so via social media. A database of music credits, Jaxsta has acquired the musician social networking site Vampr
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Pent up travel demand sends Flight Centre earnings airborne
Nothing can stop Aussies from travelling—or so it seems. Even as prices rise, people are ticking destinations off their bucket lists in a post-Covid voyaging spree. And the travel group Flight Centre (ASX: FLT) is the better for it. In the first half of FY23, its earnings were at $95 million, 19% more than its
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ChinaPayments transaction volumes rise 50% in 10 days as international students rush back to Australia
This week marks the first week of university orientation in major universities across Australia. Among these new students experiencing first day jitters and excitement are more than 40,000 Chinese students who have touched down on Australian soil. Observing opportunities to facilitate and simplify the way these students contribute to the Australian economy, digital payments specialist
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High volumes of job ads boost Seek revenue, discontinues loss-making ventures
If news of tech layoffs has been bumming you out, perhaps this will cheer you up: job vacancies are up in the hospitality and retail spaces after a brief lull in H2 FY22. And job ads website Seek (ASX: SEK) has moved its investments around to commit itself to job seekers and hunters alone. Job
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G8 Education closes $40m share buyback on completion of nationwide childcare restructure to slash expenses
As a new CEO, there’s usually a lot on the line—it’s probably why you’re brought in in the first place. This was a time to prove his merit for early education and care provider G8 Education’s (ASX: GEM) CEO Pejman Okhovat. And so he did with a $40 million on-market buyback, wherein the Company repurchased
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Tabcorp clawing back market share from online betting companies with app upgrade
Since launching a new app and getting closer towards an even playing field with their online competitors, Tabcorp Holdings (ASX: TAH) has reported a big revenue boost and a surge in profits as the wagering giant claws back from the 2021 COVID lockdowns that decimated their in-venue wagering operations. “Our business has rebounded strongly from
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UNITH performs successful ChatGPT integration into Talking Head platform
Many have expressed skepticism about natural language processing generative artificial intelligence (AI) ChatGPT, fearing that it will know more things than humans and will change daily lives forever. But, instead of worrying about the future, AI company UNITH (ASX: UNT) would rather focus on the present by seizing available commercial opportunities from ChatGPT via integrationRead MorePublic
Can blockchain solve Australia’s housing crisis? DigitalX and Bricklet say yes
If you haven’t been living under a rock, you must have heard about blockchain technology. That said, it’s understandable if you brushed it off because it had nothing to do with you. That might not be the case anymore. If you are struggling to buy a home amid the ongoing housing crisis, FinTech company DigitalX
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Healthia expands in Victoria and Queensland with 16 physiotherapy and optometry clinics acquired
Australia’s fastest growing allied health company has gained further momentum as Healthia (ASX: HLA) expands their presence in Victoria and Queensland with the addition of 16 allied health clinics, taking their nationwide network beyond 320 across Australia and New Zealand. The newest additions to the Healthia network include Melbourne Hand Rehab which operates 8 hand
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Wondering where your plastic waste goes? SECOS has an answer: 95% recycled bags from post-consumer waste
Only 9% of global plastic waste is recycled. The rest is mismanaged, dumped into the oceans, landfilled or forgotten. And it’s not getting any better. Plastic pollution is set to increase, more than doubling by 2030. Recognising the urgent need to develop a fix, sustainable packaging manufacturer SECOS (ASX: SES) is launching a new 95%
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Baby Bunting slashes dividend as profits pummelled, CEO resigns
Is the captain jumping ship? It’s a question that has to be asked when retailer Baby Bunting Group (ASX: BBN) confirmed their long-time CEO would be departing the company on the same day they announced a 67% fall in net profit. For the half year ended 26 December 2022, Baby Bunting generated total sales of
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Tyro settles class action lawsuit following 2021 terminal outage saga
Two years have passed, but the Tyro (ASX: TYR) saga might still be one of the most memorable incidents that headlined the digital payments industry. For those who can’t recall what happened, payment terminals issued by Tyro experienced a 2-week outage in the busy new year period of January 2021, resulting in both financial and
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My Food Bag earnings fall as customers deal with inflationary pressures
Aussies just haven’t got the time and energy to work around a planned meal kit, and that’s not ending well for meal kit delivery services like My Food Bag (ASX: MFB), with its earnings down nearly 40%. At the end of January 2023, deliveries were down 11.8% compared to last year. Revenue was down 8.0%,
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CleanSpace adds to US contracts with a new win, attempts to get over Covid funk
Timing is an extraordinary thing. During Covid, when respiratory devices sold like hotcakes, companies were golden if they knew how to talk up their products. However, it could only last so long. Take Aussie respiratory products company CleanSpace (ASX: CSX), for instance. It launched an IPO at the peak of the pandemic, at an IPO
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RateMyAgent to reach more American users with Realtor.com partnership
Even as the global real estate market grapples with rising inflation, US tailwinds are bolstering real estate agents ranking website RateMyAgent (ASX: RMY). The Company is partnering with US real estate listings website Realtor.com, thus gaining access to a user base of over 100 million. RateMyAgent has snowballed in the US, boasting over 235,000 agents
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On Cloud Wine: Aussies splurge on luxury wines even as interest rates rise
During Covid, Aussies loaded up on alcohol, with sales increasing over 30% in March 2020 as compared to March 2019 and growing further as the pandemic progressed. In the same period, global superstar Adele even released an affirmatory song—I Drink Wine, an anthem defining the state of plenty of us. Of course, who benefits from
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Hydrix fails to get TGA approval for Guardian in Australia despite FDA approval
In a shocking turn of events, the Therapeutic Goods Australia (TGA) —the medicine regulatory authority in the country—has rejected medtech company Hydrix’s (ASX: HYD) application to distribute its cardiovascular device, Guardian, in Australia. The TGA was dissatisfied with the device’s effectiveness. According to the regulatory body, the AngelMed Guardian device didn’t demonstrate that the benefits
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Corporate Travel Management swings $25m profit, exceeds pre-pandemic levels
With most countries finally open to tourism again (even the most restrictive ones like Japan), your next office trip might be happening sooner than you thought. Imagine how many Australian companies are planning to have their long-awaited team bonding vacation or business trips now. Probably they all will need a corporate travel coordinator, which makes
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HALO Technologies to enter European markets via financial service firm acquisition
Financial services company HALO Technologies (ASX: HAL) is putting its IPO money to use with global expansion in 2023 via the acquisition of Resilient Fund Managers Limited, a London-based peer that will fast-track HALO’s entry into the market. The acquisition will leverage Resiliant’s regulatory licences, aka the equivalent of an AFSL, in the UK and
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Vitura Health brand overhaul spells success story with successful results
Leading cannabis company providing a safe and reliable source of cannabis treatment products, Vitura Health (ASX: VIT) has released its financial results for the first half of FY2023, revealing a significant step up across the board following their recent business overhaul finalised earlier this year. You may not recognise the Company or its name just
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More than 400,000 employees paid via Reckon payroll solutions for small businesses
For small business owners that are constantly feeling the pinch of rising cost-of-living expenses, adequate business support can alleviate many of those pressures and are one of the reasons more businesses are turning to Reckon (ASX: RKN) not just for their accounting needs, but also payroll. Making their mark as one of the most popular
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Seven West Media’s earnings fall as Aussie audiences opt for streaming
Home to some of the most popular TV shows, like The Voice, Big Brother and The Morning Show, Aussie media company Seven West Media (ASX: SWM) has had a turbulent year so far as the TV-viewing audience thins out. In H1 FY23, the Company’s earnings fell by $10 million from $215 million in H1 FY22.
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Temple & Webster undertakes layoffs, pushes eCommerce strategy in effort to recover pandemic sales
Most companies wouldn’t wish for Covid’s return, seeing how it wrecked their sales plans and profits. But online furniture retailer Temple & Webster (ASX: TPW) is not one of them. The Company had a good run with Covid as more people shopped online. Better sales, greater engagement—it was all going well until the world reopened
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With the number of deaths expected to grow, Propel acquires three more funeral companies for $37 million
Funeral service providers play the arbitrator in helping people meet their maker and earn a pretty penny while doing so. So it’s no wonder that they want to expand their base. As the Aussie funeral market thrives—with the number of deaths (human and otherwise) having increased in the past decade— funeral services company Propel Funeral
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Institutional investors back Unith for ChatGPT integration with it’s digital humans
As millions of jobs around the world face the threat of being replaced by ChatGPT and similar generative AI, artificial intelligence company Unith (ASX: UNT) may hold a vital key in advancing mass adoption by being able to give the AI a human face, feeling and emotions. Keen for a slice of the early action,Read MorePublic
Actress Shay Mitchell, Canada retailers and the flu season boost Hydralyte sales by 70%
Celebrities have a lot of pull with people. Add to that the human tendency to fall sick as soon as the weather changes, and you have a marketing strategy that makes itself. Making the most of that, in January 2023, the drinks company (or hydration pharmaceuticals company, as it likes to call itself) Hydralyte (ASX:
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Australian Dairy Nutritionals Group infant formula a hot commodity; secures export certification
The Australian Department of Agriculture, Fisheries and Forestry (DAFF) have given the official green light to Australian Dairy Nutritionals Group (ASX: AHF), granting them an significant export certification. This opens up major opportunities ahead for the business, allowing them to take their baby formula into more international markets than previously possible – a big win.
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Listings and profit down, REA expects situation to worsen amid falling real estate demand
The Australian Reserve Bank has been aggressively increasing interest rates over the past few months—a trend that is prominent worldwide. It has led to an 8.4% decline in the country’s housing market, the worst in about four decades. People are strapped for cash, attempting to cut corners and keep within budgets. Suffice it to say,
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AF Legal attempts to close old chapters, assigns permanent CFO and a new strategy
Terminated acquisitions, senior resignations and a plummeting share price—family lawyers AF Legal (ASX: AFL) have had quite an edge-of-the-seat first half of FY23. Even as divorces boomed during the pandemic and after, the Company was focused on saving its marriage within. And now, after what we’re assuming was an intense couple’s counselling, it vows transparency.
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Megaport reports $70 million in revenue but cash burn subdues enthusiasm
Time is money. Speed is customers’ expected ROI. And data security is everything. If the recent China-US balloon war has taught us anything, it’s that your company’s intelligence is your most valuable—and hunted—asset. That’s what encouraged many organisations to initially set up their own networks to avoid exchanging sensitive information on a public one. However,
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Can your saliva reveal if you have breast cancer? GeneType says yes
In 2018, breast cancer was the most commonly diagnosed cancer in Australia. A position it held until 2022. What’s more? Its occurrence has risen, with over two million cases detected annually worldwide. Breast cancer could be fatal if not detected early—being the fifth most common cause of cancer-related death. That’s where genetic risk assessment company
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Fiji Kava terminates US acquisition, onboards new distributor for Taki Mai
In a rollercoaster day for health and wellness company Fiji Kava (ASX: FIJ), its acquisition of American kava brand Leilo was terminated due to shareholder disagreements. At the same time, it brought on a new distributor—CJ Patel—in an $11 million deal. Fiji Kava had been preparing for this acquisition for a while, as it was
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Prophecy eyes global expansions and acquisitions in 2023
Cybersecurity and customer service are among the two most valuable company assets right now. So it’s no surprise that companies like software solution company Prophecy International (ASX: PRO)—offering customer experience analytics and cybersecurity solutions—are in demand. In H1 FY23, the Company reported $9 million in revenue, up 18.4% on H1 FY22. As of December 31,
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An update on the ASX-listed hybrid market
A ‘hybrid’ security essentially combines elements of debt securities (like bonds) and equity securities (like shares). Hybrids typically pay a high yield either fixed or floating rate until a certain date. Hybrids do include the possibility or eventuality of conversion into shares, and so they sit somewhere in between bonds and shares with regards toRead MorePublic
Novatti to launch merchant services in New Zealand, expanding omnichannel payment gateways
How frequently do you use cash to make transactions? The odds are, barely. Many Australians now feel comfortable leaving their home without a wallet, and one in three use digital wallets on their phones to make payments every week. Australians are departing from the cash society and businesses need to keep up. That’s where fintech
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Aerison locks in several contracts worth $100 million collectively
To survive in today’s cut-throat business environment, you must have a foot in every door. For engineering design and construction company Aerison (ASX: AE1), that means expanding its services across Australia by offering eco-conscious solutions and varied infrastructural capabilities. In doing so, it is tapping into newer industries and, subsequently, more money. Aerison has received
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Ingenia and Surfing NSW renew partnership to support growing interest in surfing and coastal culture
As surfing makes waves as an Olympic sport, Ingenia Holiday Parks and Surfing NSW have renewed their successful partnership. Ingenia Holiday Parks is part of Ingenia Communities Group (ASX: INA) and operates more than 40 holiday parks and resorts positioned along the East Coast of Australia which are popular family destinations for a short stopover, weekend
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Treating mental health; TGA approves MDMA and Psilocybin as a medicine
Although it doesn’t apply to me, many of you may remember the early mornings during adolescence when you were throwing yourself around in a club, parading a locked-jaw, and beaming pupils so wide it would be hard to deny that you weren’t on something. Well, chances are, you had consumed MDMA, or if you were
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Acusensus scores fifth government project with trailer-based speed camera solutions
After successfully securing high-calibre road safety projects with the ACT and NSW Governments, road safety technology company Acusensus (ASX: ACE) is now ready to hit regional Queensland roads with trailer-based transportable speed camera solutions. This will be Acusensus’ third smart city tech project deployed in Queensland after previously operating mobile phone and seatbelt safety technology
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PeopleIN and TAFE Queensland come together to address Australia’s labour shortage
Australia needs labour. Job vacancies in the country are 95% higher today than in Feb 2020. There were over 444k vacant roles as of August 2022, cementing Australia’s alarming labour shortage—second to that of Canada—and the need to address it asap. The labour shortage has left many companies in limbo, with about 40% of SMEs
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Openpay shuts platform, director resigns as company grapples with $80m in losses
The Buy Now Pay Later boom that took off at the pandemic’s beginning is finally fading away. And Aussie finance companies, like BNPL provider Openpay (ASX: OPY), are the worse for it. Melbourne-based FinTech company Openpay has surrendered control of its assets, operations and trading activities to partners of insolvency specialists McGrathNicol: Barry Kogan, Jonathan
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Retech accepts defeat in court battle against City Savvy, set to cough up $7 million
Centuries ago, if you failed to pay your debt, you’d have to offer yourself up as collateral, or, in the case of multiple creditors, you would be chopped up in proportion to their shares. Now, you can either negotiate your way out or risk losing your company. Chinese e-learning and tech company Retech (ASX: RTE)
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Spacetalk share rockets higher with former Nearmap CEO taking the reins
Child safety tech company Spacetalk Ltd (ASX: SPA) saw shares more than double in early trading on Thursday, and at the time of writing, has continued to surge higher. The rally followed news that the Company had appointed the former NearMap (ASX: NEA) CEO, Simon Crowther, who will take the helm as Managing Director and
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Cirrus Networks bounces back to profitability as cybersecurity demands in Australia rise
We don’t want to keep bringing up what happened last year to Optus, Medibank, or Telstra, but the cyber threat in Australia is real. According to IBM Global managing director Charles Henderson, Australia and the rest of Asia are being increasingly targeted for cyberattacks, and the average cost of each cyber breach in Australia, reached
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Tap now, pay later at in-store checkouts with Splitit and Ingenico’s new service
So you’re in the store about to make a massive purchase by tapping your credit card, when suddenly, you hesitate. This is about to make a huge dent in your wallet in one fell swoop, so you decide against it. You might have one less problem to worry about soon as Buy Now, Pay Later
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Media giant NBCU doubles down on PointsBet’s US expansion
Global content powerhouse NBCUniversal (NBCU) and Australian bookie PointsBet (ASX: PBH) are continuing their success story with a two-year extension to their existing five-year, US$500m partnership. The original five-year deal – struck in 2020 – required PointsBet to spend US$90m per year on advertising across all NBC-owned networks, but today has been revised to US$58m
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Big data, big deals: Dug receives $3.6m as Searcher locks in a multi-client data sale
Good luck comes in threes for high performance Computing-as-a-Service provider Dug Technology (ASX: DUG), as it locks in a $3.6 million order from geoscience tech company Searcher Seismic. As per the Company, this represents Dug’s share in a multi-client data sale that Searcher made a few years ago. Searcher and Dug have a partnership history.
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Landmark edict for Chinese international students to boost Novatti’s transaction volumes
If you’re looking to rent out a city apartment in the coming months, you could get a lot more rental income by waiting for the massive influx of international students set to arrive in Australia in the coming weeks. The influx has been catalysed by a landmark edict declared in China where the Government will
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Cannabis company comeback, Cann Group’s busy few months
This quarter has been a busy one for Australian cannabis distributor Cann Group (ASX: CAN), evident in the Company’s sales revenue figures increasing a tidy 91% from the same quarter last year. But with the release of disappointing trial results following its CBD placebo-controlled study, the Company has had to work against a backdrop of
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Vection Technologies enters the metaverse with $400k agreement
By 2024, the metaverse is expected to become an $800 billion market. Building on virtual reality and augmented reality techs, the metaverse gives rise to a virtual world where you can interact and engage like you would in real life. Tech giants, including Google, Amazon and Microsoft, have invested billions into the metaverse, making it
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Profit up, EBITDA down for KPG, pegs hopes on US expansion to rake in the money
Kelly+Partners Group or KPG (ASX: KPG) is an accountants network, and they’ll have you know that they mean business. As the second half of FY23 begins, the Company has already released its audited financials for H1 FY23. KPG’s net profit is up 7.5% to $3.6 million, and it witnessed a 42.2% revenue growth to $44
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IRIS Metals gains $3.5 million funding for US lithium
IRIS Metals (ASX: IR1) announced an investment of $1,500,000 from the Electrification and Decarbonization AIE LP Fund, managed by Waratah Capital Advisors. The placement saw 1,500,000 shares issued at $1 per share with a bonus 750,000 options with an exercise price of $1.50 two years from the date of issue. In addition to the $1,500,000
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Surge in allied health spending sees Healthia confirm a big boost in earnings guidance
After two years of lockdowns and pandemic health concerns, the sun is back shining on allied health company Healthia (ASX: HLA) which saw a big upswing in trading in November and December after many had been putting off non-urgent medical appointments during the pandemic. The increased trading was witnessed across Healthia’s three disciplines – podiatry,
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BWX revises its FY23 forecast, following ASX suspension and eCommerce decline
Recovering from its rebellious phase—and after being disciplined by the ASX—global natural beauty and wellness company BWX Limited (ASX: BWX) is finally sobering up. After its financial fiasco in 2022, the Company reported sales revenue of $38.1 million in Q2 FY23, significantly lower than its target. Of course, revenue was impacted by its dented revenue
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China revenue falls 66% as Bubs reports declining sales
The infant formula market has more than doubled over the past decade. But not all companies have managed to keep up, thus making it a lucrative market for the few that have. Infant formula companies, like Bubs Australia (ASX: BUB), saw it as an opportunity to expand into global markets, even becoming one of the
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Skyfii delivered Impressive Q2 FY23 results with positive cash flow and new contract lineups
We’re just halfway through FY23, but it seems that the performance of Skyfii (ASX: SKF) has been a roaring success so far with several impressive achievements under its belt. After notably securing technology deployment contracts with McDonalds and major airports around the world not too long ago, the omnidata intelligence company proudly delivered positive cash
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Quickstep to develop unmanned cargo aircraft for Europe-based drone airline
Remember the movie Top Gun—1986 or 2022? Imagine that but instead of Tom Cruise or any of the other unfairly good-looking pilots at the helm, there was nobody. Eerie, right? Not for the independent aerospace composite company Quickstep (ASX: QHL). Its aerostructure business has secured a contract from the world’s first cargo drone airline, Dronamics,
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Judge votes in favour of Viking Mines, defending African companies will pay over $4 million
An uncommon sight for mining companies, Western Australia-based gold mining company Viking Mines (ASX: VKA) has won the judge’s favour and over $4 million from its lawsuit against the buyers of its gold mining project in Ghana, Akaose Project. The buyers of the $14 million project include Akoase Resources Limited, BXC Company Ghana Limited and
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Cycliq’s safety dashcams a big win among cyclists, rides high on cash flow positivity
Over three million Aussies cycled every week in 2020—be it to get to work or for recreation. Interestingly enough, only about 30% of the purchased bikes belonged to kids. Cycling-conducive areas and health consciousness have urged people to cycle, which has boosted the business of related goods and services—like bike cameras and safety appliances by
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With a new CEO, marketing strategy and cash at hand, Lark embraces a fresh start for 2023
Moving on from former Managing Director Geoff Bainbridge’s drugs fiasco, whisky producer Lark Distilling Co (ASX: LRK) has finally settled the dust. Though its financials are not up to H1 FY22 levels, in FY23, it is gunning for growth with a renewed targeted marketing strategy and new CEO. In the first half of FY23, Lark
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SelfWealth revels amid interest rate rises, boots OpenMarkets
Homeowners may be fuming about rising interest rates that prompted an apology by Phillip Lowe, but for online broker SelfWealth (ASX: SWF), it’s kicked them into positive cashflow thanks to an abundance of customer funds being held on the platform. For the quarter ended 31 December 2022, SelfWealth reported $151k in positive cash flow but
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Laybuy fed up with ASX investors, set to delist and seek higher valuations privately
An ASX darling once upon a time, Buy Now Pay Later (BNPL) stocks are fading away from the spotlight. Endless hikes of interest rates, if not resulting in more bad debts, is turning away consumers from spending. With less and less demand and mounting bad debt write-offs, competition between BNPL providers is getting fiercer. Those
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Best and Less sales let down by delayed summer and supply chain issues, records losses of about $6 million
Even as shoppers return to stores and get back on their shopping sprees, value apparel retailer Best and Less (ASX: BLG) is struggling to attract customers. In H1 FY23, the Company delivered an unaudited total revenue of $324.8 million, a 13% increase on H1 FY22. However, its EBITDA was down 28.2% to $22.1 million. Best
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Kinatico reports 59% revenue boost, driving HR industry’s replacement with tech
In October 2022, the recruitment screening company CVCheck, or previously CV1 on ASX, got a makeover: a new name, new identity and now, new staff to see it through its new motto, Know Your People. It is now the regulatory tech company Kinatico (ASX: KYP), comprising solutions including CVCheck (pre-employment background screening), Cited (cloud-based workplace
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UNITH to deploy digital humans in Japan with emotional intelligence through collaboration with NVISO
According to the Nomura Research Institute, by the year 2035, half of all jobs in Japan could be performed by AI robots. Known for its adaptive approach to innovative technology, artificial intelligence company UNITH (ASX: UNT) is cashing in on the trend by launching their digital avatars in kiosks across the futuristic metropolis. Other than
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Novatti regtech project granted $2.3m to reduce crypto fraud risks
Last year, Australians lost more than $98 million from digital crimes such as fraud and hacking according to the Australian Cyber Security Centre. The financial losses are substantial and life-ruining in many cases which is why it’s understandable that the Federal Government is keen to invest in projects that can reduce future occurrences. One of
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SenSen getting sued, executes layoffs but also enjoys record customer cash receipts of over $5 million
Smart city tech company SenSen’s (ASX: SNS) revenue is up, cash receipts have increased and loans are repaid. Oh, and yeah, it is facing a lawsuit and laying off employees to cut costs. For most companies, the latter would be big deals; but for SenSen, they are minor inconveniences requiring brief mentions. In Q2 FY23,
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Myer sales surpass pre-Covid levels even as online sales wane
Have you skipped online checkouts for in-person queues lately? With the end of pandemic lockdowns, many Myer (ASX: MYR) customers have, thus driving the department store’s in-person sales up 38% in the five months leading to December 2022. Subsequently, the retailer’s online sales were down 9.4%. Not only does this represent customers’ return to stores
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Duratec secures $100 million project with the Department of Defence
Bouncing back from Covid stronger than ever, Australian engineering, construction and remediation contractor Duratec Limited (ASX: DUR) has been awarded a $100 million contract with the Australian Department of Defence to undertake wharf and harbour basin maritime upgrade works. The Company will start working on the project immediately, and commencement on-site is scheduled for May
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Sequoia Financial remains optimistic despite flagging underperformance
The first half of FY23 has not gone to plan so far for financial services group Sequoia Financial (ASX: SEQ) having advised that its Half Year earnings has been negatively impacted by several abnormal items affecting short term performance accumulated across four divisions. The impending results have been flagged as falling below budget expectations and
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Harris Technology seizes on strategic review to deliver impressive quarter
While tech companies around the world have been shedding jobs with mass layoffs following a turbulent year for tech, eCommerce company Harris Technology (ASX: HT8) tackled the challenging conditions head on and have come out on top following a strategic review. As one of Australia’s high flyers during the pandemic, the online retailer thrived as
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Automation and artificial intelligence is changing human resources. Here’s how
Reports of tech layoffs ruled the roost in 2022. Some companies struggled with labour shortages following the pandemic, while others struggled with retaining the right employees. This followed the resurgence of the ever-dreaded news: robots are taking over human jobs. That’s not quite accurate given that the majority of businesses still rely on human labour.
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Osteopore acquires multiple Asia distribution businesses for over $2 million
Do you know how one of the main selling points of blockchains and crypto is that there are no middlemen with their noses in your business? That prospect is just as attractive in everyday business. Medical regenerative solutions company Osteopore (ASX: OSX) has acquired multiple medical distribution businesses and has now become a vertically integrated
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Pharmaxis welcomes leading medical researcher and healthcare investment guru as Director
As a medical research company, successful trial outcomes are a must but business acumen in understanding the market is no less important either. For clinical stage biotech company Pharmaxis (ASX: PXS), their latest addition to the Board of Directors line-up will offer them the best of both worlds with the appointment of healthcare investment researcher
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Aussies give up pets amid worsening economic crisis, Mad Paws to increase pet sitter count
When people start subjecting their pets to their toxic relationship patterns, you know it’s cause for concern. After dumping their emotional baggage on them and making them companions, Aussies are now having to let go of their pets in light of the growing economic crisis. During Covid, more and more people adopted pets, perhaps to
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Bio-Gene’s natural insecticide technology gets multi-million dollar push from distributor STK
Picture living in an ideal world where everyone wins—you, your clients, and your crops (albeit not your insects). This is the utopia that Bio-Gene Technology (ASX: BGT) aims to achieve with its chemical-free insecticides that insects don’t develop an immunity to. Together with Israeli developer and marketer of crop production solutions STK Bio-Ag Technologies, the
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The Market Herald will now focus on automotive listings and classifieds, news media no longer a priority
Jag Sanger may have been unceremoniously removed from leading media house The Market Herald (ASX: TMH), but that has not derailed their pathways towards profitability with the Company confirming it has a new focus now: digital classified ads. In August last year, The Market Herald acquired Australian online marketplace Gumtree, online car retailer Carsguide and
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Cann’d: clinical trials show no difference between cannabis capsules and placebo
Since the easing of regulatory red tape and wider societal acceptance of utilising cannabis for its medical properties, the medicinal cannabis industry has become an intense battleground as researchers have raced towards commercial products. In the case of Cann Group (ASX: CAN) though, they might have just triggered a land mine. Undertaking any form of
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Michael Hill scores more sales as Aussies are spending on luxury products and experiences post-COVID
During the lockdown, surely there were many things that you would think of doing once the lockdown is over. For some, it’s popping the long-awaited question or going on an in-store luxury retail therapy to ease the post-lockdown stress. As shoppers have now been able to roam with no restriction, nothing (not even the rate
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Knosys secures an additional one-year contract with Optus for over $1 million
How many tabs do you shuffle across every day? Probably more than you need to. Covid and hybrid work have given rise to a slew of online tools, all designed to help you improve your work processes. However, the need of the hour is not to diversify the tool suite but to streamline it. That’s
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Atomo Diagnostics to launch pregnancy tests as demand for Covid antigen tests peters out
As Covid fizzled out, the share price of medical device company Atomo Diagnostics (ASX: AT1) did, too, falling from $0.50 per share in 2020 to $0.059 today. However, the Company is not about to breathe its last with this slump. Instead, it is pivoting to a new diagnostic test—one expected to be worth around $3
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MVP discontinues clinical trials in China for Green Whistle, focuses on growth in the US
Perhaps China decided to make its own version of the drug or perhaps it proved that it could do so and fast. Whatever it may be, something told the specialised healthcare company Medical Developments International Limited (ASX: MVP) that it wasn’t a good idea to continue pursuing the country. And so, it stopped. Medical Developments
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Incannex Healthcare paves the way for novel mental health treatments
Incannex Healthcare (ASX: IHL) has reported interim data from its Phase 2 clinical trials to treat anxiety through the use of psychedelics. Upon completion of the trials, the Company will seek to progress this new therapy and offer renewed hope for individuals seeking non-pharmacological solutions to treat mental health. Psilocybin-assisted psychotherapy has emerged as the
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Aussie cancer researcher primed for 2023 with groundbreaking clinical trial data releases scheduled
Aussies are some of the most enthusiastic adopters of new clinical drugs. In 2019, 95,000 of us participated in nearly 2,000 clinical trials where Australia is home to many of the world’s leading scientists. In keeping with that, clinical stage biotech company Pharmaxis (ASX: PXS) has a thriving drug development pipeline set to report clinical
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Fintech lender Plenti sees its loan portfolio grow to $1.67 billion, sells off bad debts
The Australian housing market has left people in limbo with mortgage pressures forcing them to pinch pennies. As they cast around for low-cost lenders, fintech loan providers like Plenti (ASX: PLT) are enjoying their time in the spotlight. In Q2 FY23, Plenti’s loan portfolio increased to $1.67 billion, 51% above Q2 FY22 and 8% above
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JB Hi-Fi sales propel to $5.3 billion as customers return to in-store shopping
It was the quarter to be in retail as Boxing Day and Christmas sales ushered in significant sales and the eradication of Covid lockdowns enabling Aussies to return to in-store shopping. Putting Covid on the back burner, 2023 looks pretty for retail businesses eagerly awaiting this return. Plus, with household budgets squeezed due to rising
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The Market Herald appoints Gumtree boss Tommy Logtenberg as Interim CEO
Following the unfolding of the Jag Sanger drama, media house and classified ads agency The Market Herald (ASX: TMH) is attempting to move on from the awkwardness with the appointment of new Interim CEO Tommy Logtenberg. Logtenberg is also the CEO and CFO of classified ads company Gumtree, which was acquired by The Market Herald
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Oliver’s reports $2.6 million in sales as Aussies shift to healthier eating habits
Aussies have entered the new year on a healthy note as nutritional quick-service eatery Oliver’s Real Food (ASX: OLI) reported sales of $2.6 million in December 2022. Its unaudited earnings for December were $231k on sales of $2.6 million with the Oliver’s responding to the ASX’s regulatory requirements asking the Company to report monthly cash
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Little Green Pharma’s roll of fortune – looking ahead to growing European Pipeline
Little Green Pharma (ASX: LGP) has been on a roll this quarter. Increasing cash receipts by 35% from $4.4 million to $6 million, the Company has made strides in its cannabis operations. The influx of revenue was thanks to the first shipment of new strains from Denmark, which earned more than $0.5 million over five
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Aerometrex bags $2 million Australian Government contract for its LiDAR tech
When was the last time you used Google or Apple maps? Perhaps just yesterday as you cast around for that eatery or maybe even on your way to work. With Google maps, you can zoom in and out of areas, discover precise locations and even get recommendations on how to get to your destination through
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Acusensus kicks off ASX listing with government agency contracts and tenders
Commencing trading on the ASX today, road safety technology company Acusensus (ASX: ACE) is officially the new kid on the block. Kicking off their public profile with a bang, their long line up of future projects with government agencies may see them quickly added to investor watchlists. The Company proudly shared some exciting overview and
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Limeade joins tech layoff trend, set to layoff 15% of its workforce
Tech giants, from Amazon to Meta and more, have been laying off thousands of staff, cementing rumours of an ongoing recession. The economic downturn is not limited to the US, though. Ironically enough, Australian employee well-being company Limeade (ASX: LME) is laying off 15 per cent of its employees as part of its cost-cutting initiatives.
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Mayne Pharma defers shareholder dividends by two months, retains focus on women’s health products
Once one of the biggest names in the pharmaceuticals industry, Mayne Pharma (ASX: MYX) has suffered a string of bad luck—or bad decisions—since 2015. It has consistently been reporting losses to the tune of millions. In FY22, it reported a loss of about $260 million. Shareholders have been eagerly standing by for a financial miracle
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Bring life to old tyres: Entyr granted patent to recycle rubber tyres
Entyr Limited (ASX: ETR) has achieved a major breakthrough in waste management with its patented thermal desorption reactor process. This revolutionary technology is designed to safely and effectively dispose of end-of-life tyres and help resolve one of the most pressing environmental issues around the world. Leading the way in providing solutions for tyre waste management,
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It’s tryout season for NGS’s sports supplement on kids that want to go pro
Soccer (or football, as some aficionados would leap to correct) is the world’s most-played sport. In fact, its popularity has increased following the FIFA World Cup, which saw millions of people tuning in for every match. The enthusiasm is high and the ambition to become a soccer player even higher, especially when you consider the
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Ambertech acquires sound distributor Convoy for $3 million, expects significant revenue growth
As companies worldwide design plans to pull themselves out of the FY22 financial funk, Aussie-based advanced tech equipment company Ambertech (ASX: AMO) is counting on acquisitions. In keeping with that, it is set to acquire distributor Convoy International for about $3 million. Convoy International is an importer and distributor of hi-fi products, like speakers, amplifiers
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First Graphene goes green, partners with Suvo to produce low emission cement with clinker substitute
The construction industry has a bad rap for polluting the environment. As per the Clean Energy Finance Corporation (CEFC), nearly 40% of all global carbon emissions are ascribed to the buildings segment. In fact, in 2021, concerns grew so much that investments to make it greener increased by 16% to $342.7 billion. One company all
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AdAlta secures second Japanese patent for its antibody candidate AD-214
The Covid vaccine functioned by introducing the virus into our bodies, thus encouraging them to build antibodies. It was the usual fighting fire with fire. Sometimes, however, antibodies fail to do their job when faced with the disease. They end up blocking other pathways instead, thus creating side effects and leaving us to fend for
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Tremors from the FTX collapse continue to be felt as DigitalX sells off 15% Bitcoin holdings
Since crypto’s downfall last year, investors, like Perth-based Bitcoin and digital asset fund manager DigitalX (ASX: DCC), have had to undertake some serious damage control. Late last year, the CEO of crypto exchange FTX Sam Bankman-Fried was arrested for misusing customer funds. The revelations—of FTX funds being misdirected to Bankman-Fried’s trading company Alameda Research—sent not
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Credit Intelligence confirms 70% profit downgrade after issuing shareholder warning
It’s been tough sledding for the buy-now-pay-later (BNPL) sector over the past 12 months and even at the smaller end of the scale, debt recovery company Credit Intelligence (ASX: CI1) has not been immune from rising expenses which has resulted in a 70% profit downgrade warning. Fortunately for Credit Intelligence, which operates a BNPL platform
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Volpara signs on five new large healthcare companies for breast cancer risk assessment tech
Artificial intelligence biotech company Volpara Health (ASX: VHT) has started the year by raking in the money (is there a better way?), and shareholders are here for it. Volpara has signed five contracts worth $11.34 million (NZ$12.3 million) combined. The five-year contracts include some leading US healthcare companies, including Bon Secours Mercy Health, Northside Hospital,
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Going for Gold: Mining company launches 3D gold collection ahead of the Chinese New Year
Gold brings good luck—or at least that’s what most festivals suggest, including the upcoming Chinese New Year on January 22, 2023. It may be good ol’ folklore or maybe not, but one thing’s for sure: businesses that sell gold sure do get lucky during this time. In 2021, China saw a massive surge in gold
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PharmAust completes dosing first cohort for MND treatment, patients respond positively
Every day, two people are diagnosed in Australia with a form of motor neurone disease (MND). MND entails a group of diseases that attack your motor nerves, leaving your muscles to become weak and degenerate. According to the International Alliance of ALS/MND Associations, MND affects over 350,000 people globally and kills over 100,000 people every
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End of NFL ‘ball spotting’ controversies coming with Catapult to unveil microchipped football
American teens tossing the pigskin will soon have a definitive answer to who throws a tighter spiral with sports tech company Catapult Group (ASX: CAT) set to unveil the football of the future – a microchipped ball with wireless charging that can measure more than 1,000 metrics in live time. The football will be showcased
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Pointsbet launches online sports betting operation in Ohio, is their Australian exit imminent?
Even the fondest of Pointsbet (ASX: PBH) shareholders can’t remember the last time the Company actively promoted their Australian business to shareholders, rather focusing solely on their US expansion where the bookmaker has been a pioneer in the regulatory battlefield, unlocking access to each individual State in a slow and expensive process. As a reward
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Channel 7 calling the shots, extends cricket media rights to 2031
Aussies frustrated with the state of Australian cricket now wield more power than ever over the sport’s administration where many have inadvertently been voting with their mice based on the new media rights deal signed between Cricket Australia and Seven West Media (ASX: SWM), Foxtel and Kayo. The new seven-year agreement will see Seven, including
Read MorePublicSeason’s Greetings from the Team at The Sentiment!
Seasons Greetings from the Team at The Sentiment! We’ll now be taking some time off to enjoy with our families but below are a few of the most popular stories of 2022 and look forward to returning in the New Year. ASX News International Bank of Australia approved to launch Australia’s newest payments bank RATs
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Patient recruitment finalised for scar treatment trials being led by Professor Fiona Wood
While clinical trials could be tricky for companies who struggle to convince fearful and pessimistic volunteers to participate, luckily this is not the case for clinical stage drug developer Pharmaxis (ASX: PXS). The Company has wrapped up patient recruitment of its topical anti scarring drug PXS-6302, with the last of the 42 patients dosed earlierRead MorePublic
Archer’s 12CQ qubit processor development at the forefront of advanced semiconductors in Australia
Everything is fair in love and war, even semiconductors… especially semiconductors. The second largest industry in the world after finance, semiconductors are the new faster, cheaper and more efficient brains of modern technology, including your smartphones and laptops. Your iPhone is powered by a semiconductor chip as is your microwave. Though minuscule in size, they
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11.6 million Aussies are living with at least one chronic health condition, for many it starts at the feet
Health data released from the 2021 Census by the Australian Bureau of Statistics revealed that nearly half of the Australian population (46.6%) had at least one chronic condition (11.6 million people), with back problems (15.7%) and arthritis (12.5%) being among the most common. There are many factors that contribute to these figures, including the fact
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DroneShield secures new Government contract, is drone warfare inevitable?
It’s a bird! It’s a plane! No, it’s a drone swarm and it is declaring war. The Russian invasion of Ukraine made one thing clear: drones are now an integral part of the military arsenal. Low-cost, lightweight and powerful, drones can transform the way countries fight, thus increasing the need for defence drones that can
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Matrix locks in big win securing $44 million deal with Italian MNC Saipem
In what can be considered a smashing end to its year, material tech company Matrix Composites & Engineering (ASX: MCE) has received a purchase order for approximately $44 million from multi-national oilfield services company Saipem. As per the order, the Company will produce and deliver its Subsea Umbilicals, Risers and Flowlines (SURF) distributed buoyancy modules
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Domain faces the wrath of a crumbling real estate market, sees decline in listings and anticipated earnings
To say that it’s a bad time to be in Aussie real estate is an understatement. Skyrocketing interest rates, high rents and inflation have left citizens with a foul taste for homebuying and renting, and property portals like Domain (ASX: DHG) are reeling under the impact. After undertaking a “broad-ranging review” of its cost expectations,
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Can FBR’s construction robot fix Australia’s housing supply crisis?
Picture this: You conjure up your dream house on paper; the next day, a robot turns it into reality. That’s the idea robotic tech company FBR (ASX: FBR) is realising with its Hadrian X Wall-as-a-Service technology. However, it’s not without its roadblocks. Australia has been facing a housing shortage for the past year, propelled by
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IPO Watch: Acusensus to debut on the ASX in 2023 with road safety AI
Unnecessary deaths on our roads have impacted many Australian lives, pushing related government bodies to seek more effective ways to improve road safety. For road safety technology company Acusensus, there is no better time than now for investors to gain equity exposure to their road safety solutions. Founded in early 2018 by Alexander Jannink, AcusensusRead MorePublic
Findi deploys 1,000th ATM ahead of schedule to support India’s cash economy
In less than a month after deploying its 500th ATM, FinTech company Findi (ASX: FND) has unlocked a new milestone on its India journey. The Company has surpassed the deployment of 1,000 ATMs for the Central Bank of India (CBI) ahead of schedule. While much of the country has transitioned to digital payments (with over
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Bioxyne aspires to be high on profits with $37 million Breathe Life Sciences acquisition
The global medicinal cannabis market is set to be worth about $80 billion in 2024. In Australia alone, there is a significant demand for marijuana-based medicine to help with a range of challenges, from pain and anxiety to Parkinson’s and Arthritis. Businesses like Bioxyne (ASX: BXN) are attempting to make the most of the boom.
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Star Entertainment shares crushed after NSW propose new casino tax set to cost em’ $364 million
It has been a tumultuous time for the gambling industry in New South Wales already, but for casino operators it could get even worse with the State Government proposing major changes to casino tax rates. Aiming to take another shot at Australia’s second largest casino operator, Star Entertainment Group (ASX: SGR) has been the target
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Novatti partners with DataMesh to provide cutting-edge omnichannel payment solutions
As more and more people prefer to go cashless, it is compulsory now for even the smallest corner store to accept card payments, or risk losing customers. Observing a potential growth opportunity by supplying digital payment terminals to businesses, fintech company Novatti Group (ASX: NOV) has partnered with payment solutions provider DataMesh Group to enhance
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Abbott to sell Beamtree’s clinical AI-powered decision-making tool
Say you go to the doc once and the rest of your tête-a-têtes happen online. While you’re told your next course of action, it is likely that the doctor didn’t come up with the solution. An artificial intelligence (AI) software, like Beamtree’s RippleDown, did. AI tools save time, make things efficient and end up saving
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RBA and ASIC up the ante on blockchain project, ASX writes off millions
The Australian Securities Exchange (ASX: ASX) and its botched attempt to replace its settlements and clearing system (known as CHESS), with blockchain tech has finally faced reality and has abandoned its five year debacle, writing off millions of dollars of investment. Eventually coming to their senses, last month the ASX board released a statement that
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Cettire signs lucrative deal with Italian luxury house Zegna to sell its products
For 12 months, eCommerce store Cettire (ASX: CTT) has been scrutinised and watched like a hawk as its CEO Dean Mitz cashed out his shares in the Company consistently—first in March, then just last month. Besides that, seeing the rocky year that eCommerce has had, Cettire also dealt with financial setbacks. Now, it is bouncing
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Aussie almonds reign supreme as Select Harvests boasts increased shipments and FTA with India
Have you been nuts about Aussie almonds lately? Turns out, so has the rest of the world. Pointing to the Australian Almond Board Position Report for October (covering March to October), agribusiness company Select Harvests (ASX: SHV) has revealed that total year-to-date (YTD) shipments were up 9% on the prior year, while China YTD shipments
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Woolworth enters pet products retail market with PETstock acquisition
It’s no secret that many Australians have filled the companion void throughout the pandemic with animal companionship, which has led Woolworth Group (ASX: WOW) to confirm its newest retail vertical by acquiring 55% of Petspiration Group – the owners of PETstock and it’s network of 276 stores across Australia and New Zealand. Across its network
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Pharmaxis cancer drug progress detailed at leading scientific conference, eyes FDA discussions in 2023
Having delivered impressive interim trial data from their Phase 2 clinical trials for a treatment targeting incurable bone marrow cancer, the US Food & Drug Administration (FDA) could soon be the next stop for biopharmaceuticals company Pharmaxis (ASX: PXS) fresh off their poster presentation at the American Society of Hematology (ASH) conference. Hosted in New
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Landmark moment for Proteomics’s PromarkerD as it gets published in the UK’s NICE advice
In the mood for some NICE advice? Here goes: The UK’s National Institute for Health and Care Excellence (NICE) has published a MedTech Innovation Briefing on PromarkerD, i.e. a predictive blood test determining diabetes kidney disease (DKD). The Briefing, dubbed NICE advice, reports that PromarkerD is effective at predicting renal function decline in people with
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Childcare provider observes rise in occupancy rate, but has it officially back to pre-pandemic level?
If childcare occupancy rate is an indicator that the pandemic has come to an end, then the recent announcement from G8 Education (ASX: GEM) indicates that we are one step closer. The childcare education provider reported a core occupancy rate of 77.3%, which is a 1% improvement from CY21. This brings the company closer to
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HITIQ to launch telehealth platform to detect concussions and enable early care
In Australia, high-contact sports, like football, rugby and such, have some of the highest head injury rates in the world. There’s an average of five injuries per team per season, no matter how intense the competition. To add to that, whether these head injuries lead to concussions cannot be ascertained instantly. Symptoms might take anywhere
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Wearable electronics powered by moisture in the air – a fever dream or reality? Strategic Elements unveils
A new bid for sustainable tech is here. So you’ve heard of watches powered by batteries, hand winding and solar energy. Now, make way for watches, among other electronic wearable devices, to be powered by the moisture in the air (unsure whether spit or warm breaths count). Research services company Australian Advanced Materials (AAM) and
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Skyfii strikes new deals to deploy passenger flow solutions in 5 major airports
The holiday period has been famous as the time of the year when passengers need to brace themselves at the airport and prepare for the worst – coming way earlier than they should because there will be lines everywhere! This might sound like the worst case scenario, but is less likely to happen in the
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New CEO, new strategies prove profitable for Live Verdure that recorded sales of $579k
Upon his appointment in August this year, Live Verdure (ASX: LV1) CEO and former Managing Director of Loreal, Mark Tucker, had stated, “The foundations are in place, and the time is right to deliver results for shareholders and stakeholders.” It looks like he is a man of his word. A testament to his tenure, the
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Big win for K2Fly: Anglo American order worth $1.44 million
Ending the year on a high, Aussie ESG tech company K2Fly (ASX: K2F) has secured an order from London-based global miner Anglo American, which has a market cap of over $75 billion. Put in perspective, K2Fly’s market cap stands closer to about $30 million. The Company will provide its Mineral Resource Governance Solution, Resource Disclosure,
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PlaySide signs deal with Netflix to develop and release Dumb Ways to Survive
The phrase ‘bigger is better’ has never been more appropriate than in the case of PlaySide Studio’s (ASX: PLY) latest venture. After months of negotiations, the Melbourne-based independent games studio has managed to sign a deal with global streaming juggernaut Netflix to develop and release its new game titled Dumb Ways to Survive (DWTS) on
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Healius offloads Montserrat Day Hospitals to Nexus Hospitals for $138.6 million
With hospitals at large struggling to retain staff following the pandemic, healthcare companies like Healius (ASX: HLS) have had to reevaluate their portfolio and cut their losses. So, four years after acquiring it, Healius has decided to let go of Montserrat Day Hospitals based in North Lake, Australia. The Company has entered into a binding
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Air New Zealand upgrades FY23 earnings guidance thanks to holiday demands and decrease in fuel prices
December is the time of the year when travel demands are maxed out across the domestic and international networks, and the recent decline in jet fuel prices has been a great aid too in accelerating most airlines’ post-COVID financial recovery. Air New Zealand (ASX: AIZ; NSX: AIR) is among the ones who anticipated the news
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It’s Maggie Beer season as Christmas shopping kicks off in high spirits
The hunt for the perfect Christmas gifts has begun as people start circulating their wishlists. And from the looks of it, hampers featuring festive must-haves are all the rage among shoppers. Call it nostalgia or faith—many people opt for the premium gifting and food and beverage products by Maggie Beer Holdings (ASX: MBH). Maggie Beer
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Aussie cyclists lap up Cycliq’s new Sports Action Camera to boost road safety
The camera is a surprisingly powerful tool, recording not just your last meal but also a Karen needlessly yelling at you or a car hitting you and making a run for it. Now that visual proof is everything and “photo or it didn’t happen” has become the norm, cyclists on the road are upping their
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Healthia expands across Victoria’s growth corridor with acquisition of 9 allied health clinics
As a consequence of the pandemic, growth in regional Victoria has blossomed over the past three years with thousands of Melbournians that sought sea and tree changes along the Bellarine Peninsula which allied health group Healthia (ASX: HLA) has capitalised on by acquiring 9 new clinics in the region. The clinics comprise 9 allied health
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Autosports Group to acquire Motorline and Gold Coast BMW, MINI and panel repairs for $60 million
With a decent amount of money saved up as a result of the pandemic, people are choosing to tick some big items off their bucket lists. For some, that means buying that dream car—preferably used. The luxury car market in Aus is expected to bring in over $200 million by 2027, and companies like luxury
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Respiri hoping asthma sufferers will pay $20 a month for this
Covid made many things worse, including the lives of asthma patients who were more vulnerable to the disease than others. About 50 million Americans live with asthma, a respiratory disease involving inflammation in the airways, or COPD (chronic obstructive pulmonary disease). In the US, 30-day COPD re-admission rates are as high as 38%. In fact,
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Casino operator SkyCity sniped by AUSTRAC, exposing serious compliance malpractice
Australia has some of the strictest anti-money laundering and counter-terrorism financing laws in the world. But that hasn’t stopped SkyCity (ASX: SKC) from allegedly committing numerous compliance violations with Australia’s gambling supervising body, AUSTRAC, slamming down on the business and is progressing a civil penalty order to see SkyCity Adelaide in front of Federal Court.
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New Zealand Coastal Seafoods reveals sales growth in the face of shareholder pressure
Maybe it was too shaken by the retirement of its director or it was really focused on its acquisition of Nine Ocean Group. Either way, for some reason, the secondary producer of nutraceuticals, seafood products and premium marine ingredients New Zealand Coastal Seafoods (ASX: NZS) hid its sales number during the Annual General Meeting, potentially
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Conversational AI company changes name to Unith, is this the next ASX unicorn?
It’s that time of the year when people around the world set New Year Resolutions, with many commiting to ‘New Year, New Me’. This has permeated into the corporate world with Crowd Media (ASX: CM8) confirming their evolution with a corporate identity overhaul, changing their name to better reflect their position as a rapidly growing
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KTIG awarded multi-year research project by US Navy
K-TIG (ASX: KTG), a leading provider of welding technology solutions, has announced a new research project with Fincantieri Marinette Marine and The Edison Welding Institute. This project has been awarded by the US Navy’s National Shipbuilding Research Program (NSRP) to support the implementation of K-TIG’s groundbreaking technology at a participating shipyard. The research project is
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Vmoto to cleansweep the world’s top three motorcycle markets through latest agreement in Indonesia
In most Southeast Asian countries, motorcycles are the way of life. The majority of the residents solely rely on their motorcycles for private and commercial purposes, such as ride-hailing or delivery services. Besides, motorcycles are affordable, fast enough to breeze through the traffic jam, and perfect for the tropical climate! For these reasons, there is
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Schrole receives $330k order from Rio Tinto for on-the-job training courses
During Covid, upskilling became a buzzword with people across nearly all professions taking up career development courses. Rest assured, employees were not the only ones that reaped its rewards. Employers, too, got the chance to have an upgraded workforce at a lower cost. In the same spirit, global training and human resources software-as-a-service (SaaS) provider
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Interest-free BNPL provider Splitit extends Google partnership to set up shop in the US, Canada and Australia
Have you ever delayed buying an expensive item to prevent causing a dent in your wallet and hoping the price might go down? You’re not alone. That’s where Buy-Now-Pay-Later (BNPL) services like Splitit (ASX: SPT) make things a bit easier, allowing you to pay in monthly installments instead of losing a lot of money in
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New Zealand King Salmon summons sustainability-concerns on ocean farming project
Business and a sustainable environment. Is it possible that the two will get along? A month ago on 11 November, New Zealand King Salmon (NZKS) (ASX: NZK) secured approval to commence New Zealand’s first open ocean farming, the Blue Endeavour project. This was an occasion worth celebrating after six years of hard work in research
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Following HREC rejection, NeuroScientific Biopharma bounces back with new patent for EmtinB to treat multiple sclerosis
Drug development company NeuroScientific Biopharmaceuticals Ltd (ASX: NSB) is not ready to give up on EmtinB, its trademark drug that didn’t make it past the Human Research Ethics Committee (HREC) and resulted in the Company’s previous CEO resigning. Remaining undeterred, it has filed a new patent, entitled “Neuroprotective compositions and methods”, that will use a
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Major shareholder calls for Jag Sanger’s removal from The Market Herald amid losses
In a keyboard warrior popularity contest between HotCopper and the AFR, the former would probably win. And while Managing Director of The Market Herald (ASX: TMH), Jag Sanger, is nearly aggressively proud of that, investors aren’t so impressed. Recently, the Company’s poor financials and questionable growth strategy have led to calls for Sanger’s removal. The
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VIP ceases glove production as demand falls, after tooting their own horn for two years
Remember when Frank Sinatra caught a cold and couldn’t perform? He might as well have thrown in the towel and joined the crowd outside Nat King Cole’s venue; his voice was his identity. The only difference between Sinatra and nitrile glove manufacturer VIP Gloves (ASX: VIP) is that Sinatra had a personality beyond singing. VIP
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EchoIQ’s EchoSolv AI tech detects severe aortic stenosis with accuracy
The team at Echo IQ (ASX: EIQ), who have been excelling AI medical tech, is happy to say that their tech can finally detect and diagnose the early stages of severe aortic stenosis (heart disease) following positive results from the clinical study conducted with Beth Israel Deaconess Medical Center (BIDMC), the world-renowned teaching hospital affiliated
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Aus Department of Defence signs $27 million order for AeroVironment drones from XTEK
How can governments minimise casualties during the war? One solution is to send fewer people. That’s what tech, like drones, enables without compromising safety—which is probably why many countries are jumping on the bandwagon to secure some advanced drones. Just one day after it delivered an over three-million-dollar US government order, defence industry company XTEK
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Clean TeQ signs $10 million contract to set up wastewater treatment plant in Townsville
“WTF” is not just our reaction to reports of dwindling freshwater supply worldwide. It’s also a solution when you realise that the abbreviation WTF (in the current context, at least) stands for Water Treatment Facility—one that water tech company Clean TeQ Water (ASX: CNQ) is about to install at Cleveland Bay Purification Plant in Townsville
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Travel picks up as Helloworld reports revenue rise and appointment of Martin Pakula
As travel resumes and restrictions lift, Aussie travel services company Helloworld (ASX: HLO) is finally getting some time in the spotlight after a couple of less-than-satisfactory years due to Covid. Its financials paint a pleasant picture with Helloworld’s year-to-date (YTD) revenue totalling $41.6 million, up 180% on the prior corresponding period. After an EBITDA loss
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Fluence records first industrial water contract win for Nirobox in Cambodia
Recently, US President Joe Biden confused Cambodia for Colombia as he thanked the latter’s prime minister for an ASEAN conference hosted in the Southeast Asian country. They may all be potayto-potahto for Biden; but for wastewater treatment solution Fluence (ASX: FLC), the two countries represent distinct projects that are bringing in the money, with Cambodia
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Little Green Pharma gets green light ‘ethics approval’ from TGA ahead of SleepWell study
Cannabis company, Little Green Pharma (ASX: LGP) has been growing its market share all while pleasing investors with its latest announcement that it has obtained an Ethics Approval for its proposed Australian-based, multi-site, placebo-controlled ‘SleepWell Study’ where it will be trialling the Company’s LGP Classic CBD 50 cannabis oil medicine and its effectiveness on stress
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Harris Technology set to accelerate private label division with expansion into 14 countries
Just because something costs less, it doesn’t mean that it won’t be as good as its pricier counterparts. This is the principle that smart shoppers have been living by, which could save them hundreds of dollars by simply buying private label products. These products will always, always be positioned as a cheaper alternative right next
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Findi earnings growth capitalises on India’s reliance on ATMs
In rural India, where the fintech infrastructure is still developing, there is a dire need for companies to set up shop with digital payment services. But until that happens, Findi (ASX: FND), formerly Vortiv, is witnessing substantial earnings growth via transaction fees charged throughout their ATM network. With its country-wide ATM rollout with the Central
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Incannex plugs Eurofin Scientific to kick off research into newly discovered cannabinoid
The pharma company developing therapies for unmet needs with the use of medicinal cannabinoids and psychedelics, Incannex Healthcare (ASX: IHL), has been on the move recently and has engaged Eurofins Scientific to manufacture the Company’s ReneCann therapeutic topical application drug. Eurofins Scientific, which is a French group of laboratories based out of Luxemburg, is a
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Neolender Wisr lands approval from another Big 4 to give Aussies relief from rising interest rates
High interest rates have left Aussies in a lurch, postponing their grand purchases and consolidating their debts. A downside of debt consolidation is that you could end up paying a greater interest rate. That’s why people are counting on non-traditional banks, like neo-lender Wisr (ASX: WZR), which provides interest rates based on an individual’s credit
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Platinum Asset Management identify value opportunity in Pharmaxis with $1.9m stake
When it comes to biotech investing, the value opportunities in Australia attract many of the world’s smartest investors. Amongst them, Platinum Asset Management (ASX: PTM) has joined a growing list of institutions taking a substantial stake in a little-known Aussie biotech set to announce hugely-anticipated clinical trial results within the next few months. With more
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KneoMedia and NYC Department of Education deploys 40,000 units of edutech software to public schools
The beginning of FY23 has been an appreciable sales period for online education provider KneoMedia (ASX: KNM) so far. The Company had just deployed 40,000 units of Dell Chromebooks linked to the KneoWorld platform into 11 school districts located across New York City. Students across school districts in all five Boroughs now have access to
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BWX calls on advisors for FY22 financials while shareholders locked in suspension since August, cyberattack too
When auditors are unable to get around your financial statements for four months, you know something is off big time. But the question on investors’ mind is: how bad is it? Natural beauty and wellness company BWX (ASX: BWX), known for its brands Sukin, Go-To and Mineral Fusion, is yet to disclose. After releasing a
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DroneShield and XRG’s Operator team up to provide counterdrone training in extended reality
Wars have changed. Though they continue to impact human life severely, they don’t require as much human intervention because of tech growth. Drones used in the Russia-Ukraine war ushered in a gruesome reality check for countries, compelling them to up their drone tech capabilities. To do so, counterdrone tech company DroneShield (ASX: DRO) has teamed
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Automic to promote Sell My Shares via DigitalX partnership after AGM backlash
Australia’s largest and fastest growing share registry business, DigitalX (ASX: DCC) has signed a three year agreement with Australia’s number one provider of IPO services, Automic Group, to reel investors to DigitalX’s Sell My Shares business. The Sell My Shares online platform, which is wholly-owned by DigitalX, specialises as an online stockbroker where they act
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SportsHero to launch AI-based eSports predictor app with up to 80% winning accuracy
The trick of bringing into play one’s luck and accuracy in guessing is what makes sportsbetting so thrilling. But everyone is afraid of losing. Picking the wrong team to bet on and losing (monetarily and mentally) is not fun at all. But worry not, eSports bettors in Australia will soon have up to an 80%
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ECT and Calleja team up to address Australia’s recycling problem with a waste innovation hub
Aussies want to recycle, but less than 20 per cent do so. Rest assured, lack of interest is not the problem; lack of infrastructural capabilities is. So, clean tech company Environmental Clean Technologies Limited (ASX: ECT) has signed a binding Memorandum of Understanding with the Calleja Group, owners of JBD Industrial Park, to develop a
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GTC-AF Lawyers merger terminated amid leadership resignations and governance cracks
Like the Suicide Squad, AF Lawyers’ (ASX: AFL) super firm dreams with GTC have gone bust. What’s more? Much of the squad has left, too, from CFO Pratyush Jagdishwala to Executive Director Grant Dearlove. The company has seen it all in less than six months: scandal, power tussle, financial losses. What’s going on? For a
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SpaceX appoints Netlinkz as non-exclusive Starlink internet reseller, sale to begin next month
Elon Musk’s turbulent reign as Twitter CEO has the world on edge—what with him laying off thousands of employees, wanting to issue a fee for the blue tick, and scaring off advertisers. Still, software company Netlinkz (ASX: NET) seems undeterred as it signs on to the Musk experience with SpaceX (Space Exploration Technology Corp.) Access
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Xref acquires Voice Project for $4m to provide survey-based data to employers
Right now, employees make generous use of social media platforms, from LinkedIn to TikTok, to share their experience with an employer, especially if it is negative. And recruitment tech company Xref (ASX: XF1) can do little about it. However, what if it could nip the complaint in the bud before it becomes social media-worthy? It
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Qantas beefs up guidance ahead of holiday season bump
Australia’s go-to airline, Qantas Airways Ltd (ASX: QAN) has kept investors happy after advertising a bold $150 million profit guidance jump to $1.45 billion, preparing itself for the upcoming holiday season uptick. Sending company shares back to levels that haven’t been seen for over two years, investors have been quite happy with the second upgrade
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Supercomputers validate Archer’s qubit processor in major step forward for quantum computing
Quantum computing is an area of technology that you can expect to hear a lot more of in the next 10 years. The whole industry is immensely complicated, but major developments are accelerating, at least in the case of the only ASX-listed quantum semiconductor company Archer Materials (ASX: AXE). For the first time, Archer has
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It’s raining contracts for Fluence, with $4m of new wins for water works
Global wastewater solutions company Fluence (ASX: FLC) has pulled a “new (financial) year, new us” move as it secures new contracts and realigns the company to boost efficiency. The Company has secured new strategic orders, including its first wastewater treatment contracts in Taiwan and Korea. Plus, the Company is undertaking organisational improvements to boost its
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Best & Less online sales down 33%, counts on the holiday season to bring numbers up
Even as prices soar in everyday stores, Aussie mums are not about to strike a compromise. When buying clothes for their kids, they want the best, even if that means spending more. Perhaps that’s why, even when online shopping is all the rage, retail company Best & Less (ASX: BST) is witnessing its online sales
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Invex randomises the first patient for phase III trial of its IIH drug
Imagine a headache so intense that the literal ear-throbbing pain results in blindness or other vision impairments. Even though sometimes it may not be so extreme, Idiopathic Intracranial Hypertension (IIH) can take such a form, making it integral to develop a cure for the same. Invex (ASX: IXC) believes that it has got one with
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Little Green Pharma winds down German distribution deal
A key player in the global cannabis market, Little Green Pharma (ASX: LGP), has pulled the plug on its German distributor, Four 20 Pharma GmbH, after failing to meet the contract terms to bring a highly-prospective new THC strain to the German medical cannabis market by 19th November 2022. Licensed as a manufacturer, wholesaler, and
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Zelira enrols sixty patients for diabetic nerve pain drug trial as it attempts to overthrow major pharma company
Biopharmaceuticals company Zelira (ASX: ZLD) is taking a stab at redemption. After a misstep this July by not announcing its German expansion, the Company lost shareholder trust. Now, it is attempting to get it back with new milestones revealed on time for its clinical trials targeting diabetic nerve pain. The trial has been designed as
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Cettire founder cashes out another $41 million as shares dive on sell-down
A CEO is the ultimate “inside man” of a company, no one knows the business better than they do. However, when they have started to sell a huge chunk of their shares every few months, is there a clearer telltale sign that the company has fallen from grace? Luxury goods retailer Cettire (ASX: CTT) confirmed
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Automation and customer retention become top priorities for My Food Bag amid declining profits
This year has been less than ideal for the meal kit delivery service My Food Bag (ASX: MFB). Fewer deliveries, poor customer retention, Omicron, and more hampered its progress. Worst of all, its marketing activities backfired. Now, there’s one question on its mind: What do customers want? Hopefully, they will figure it out soon. In
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IPO Watch: Nightingale shares tank 34% on ASX debut
Breaking out afresh today, drone security business Nightingale Intelligent Systems has readied its IPO to kickoff its entry onto the ASX, but things haven’t quite gone to plan for shareholders that participated in the public offering. Debuting as ASX: NGL at a price of $0.22, the US-based tech company has been cashing in on the
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The Agency set to manage properties for MDC Trilogy’s wholesale fund investment plan
Picture this: You are a thriving real estate investor with assets across the country, and you’ve never had to put in the work of vetting or managing them. That’s the dream that property-based fund managers MDC (Murray Darling Capital) Trilogy wants to realise for its investors through its Wholesale Yield Fund I investment plan. To
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Layoffs, reduced marketing spend on archTIS’s agenda to reduce cash burn and profit off cybersecurity boom
This is a spotlight moment for cybersecurity companies. Hackers are giving it their all and companies’ current cybersecurity systems are failing to put up a fight. So, if your cybersecurity company is still not doing well, there are things to reevaluate. That is exactly what cybersecurity company archTIS (ASX: AR9) is doing, following its reports
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Cricket Australia to give fans access to hyper-personalised match archives with Linius’ technology
Few atmospheres compare to a sporting event. There is excitement and nervousness as the competition culminates in an adrenaline-filled finish. This was evidenced in the recently concluded T20 Cricket World Cup. Millions around the world tuned in to watch, and now, they will get access to match archives as the governing body Cricket Australia has
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Archer delivers biochip milestone with a system integrating robots and wettable electronics
Australian semiconductor company Archer Materials (ASX: AXE) is one step closer to the commercialisation of their deep tech biochip that could soon be used to detect some of the world’s most deadly transmittable diseases thanks to a major tech milestone. The milestone has been achieved in an early-stage prototype where Archer successfully implemented an integratedRead MorePublic
Nova’s Glaucoma surgical device iTrack Advance has its eyes set on FDA approval
Over 100 million people worldwide suffer from glaucoma—a cocktail of eye infections resulting in blindness. Though glaucoma has no cure, some treatments can aid vision loss, slowing down its progression or intensity. One such treatment is MedTech company Nova Eye Medical’s (ASX: EYE) glaucoma surgical devices, which witnessed sales revenue of $5.66 million between July
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Will hydrogen-fuelled vehicles be the next best thing in sustainability? Panasonic and ECT team up to find out
When it comes to environmentally-friendly vehicles, right now, electric ones take the top spot. However, with the sustainable movement in full force, companies are not stopping at that. In fact, Japanese tech giant Panasonic is experimenting with hydrogen-fuelled vehicles to dethrone EVs. And to do that, it has chosen energy and resource tech company Environmental
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Cronos shares slides 20% as company flags large holding set to come out of escrow
Are investors panic selling their shares at medicinal cannabis company Cronos Australia (ASX: CAU)? With 73.4% of the Company’s shares to be released from voluntary escrow soon, it’s the only explanation Cronos could give to the ASX to explain the irregular trading activity. Cronos, who became Australia’s first ever ASX-listed cannabis company to pay out
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Big River acquires Epping Timber for $6 million, aims to alleviate builders’ woes
In June of this year, Australia’s timber supply crisis took the real and reel world by storm, with people on TikTok turning the situation into a short, shocking documentary. After all, currently, construction workers are in disarray, struggling to find timber to build houses. Keeping its eyes on the prize, materials supplier and distributor Big
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Delta Drone and Strayos come together to improve data collection in the Australian and African mining industries
An in-depth analysis of the Australian and African mining industries has found that boosting productivity is the need of the hour. And one way to achieve that is with artificial intelligence (AI). In keeping with that, drone-based data provider, Delta Drone International (ASX: DLT) has announced a new product addition to its data solutions business
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Senior managers arrested, is this miner getting shaken down by the Congo government?
In the pursuit of gold, when do you know that you’ve hit a sparkling rock that is anything but? This is a story Kore Potash (ASX: KP2) knows all too well as the Company deals with mistrust from the Minister of Mines of the Republic of Congo, following the arrest and release (without charge and,
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Nine pays over $85 million to extend Tennis Australia broadcasting contract till 2029
With the Australian Open around the corner, Tennis Australia has confirmed that media company Nine Entertainment (ASX: NEC) will be retaining the exclusive rights to broadcast it and other such events for the next five years. Both companies have extended their contract for five years, and Nine has gained rights to all premium tennis played
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Opening a new frontier in treating Parkinson’s disease
More than 100,000 people in Australia live with Parkinson’s—a central nervous system disorder affecting one’s movement and mood. It is a progressive disorder which currently has no cure and few treatments. However, researchers at Parkinson’s UK have a new reason to hope. They are investigating whether early detection and treatment of certain sleeping disorders might
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DroneShield receives $1 million contract for its counter-drone tech DroneSentry-X, adds to the roster of new contracts
With countries upping their warfare capabilities every day, companies like AI (artificial intelligence) defence solutions company DroneShield (ASX: DRO) get to expand their customer base. In fact, the Company has received an order worth nearly $1 million for several of its DroneSentry-X units for an international Government agency. Full payment and shipment are expected to
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Government agencies bulking up IT as Cirrus Networks land $11.5m contracts in Canberra
Learning from ransomware attacks that befell giant corporations Optus and Medibank in recent months, Australian enterprises have been increasingly vigilant about their cybersecurity as no one wants to make headlines as the next victim. This brings good business to managed services and IT solutions company Cirrus Networks (ASX: CNW). The Company proudly announced that it
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Binance-FTX merger deal dissolves, exposes cracks in three ASX-listed companies exposed to Bitcoin
As if crypto was not already having a tough year with the global stock market crash, it now has a new woe to deal with: Binance pulling out of the FTX merger deal. On November 8, both crypto exchange companies’ CEOs publicly announced that Binance would buy its rival FTX, as the latter suffered from
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Singular Health appoints Kelyniam Global as US-based agent for FDA requirements
To sell in the US market, every foreign company needs the support of locals. For medtech company Singular Health Group (ASX: SHG), that is Kelyniam Global Inc. The Company has appointed Kelyniam as its US-based agent—a key appointment and integral pre-requisite to satisfy the final FDA regulatory requirement, prior to Singular Health entering the US.
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Fledgling fintech hopes millennials put their Douugh into micro-investing ‘super’ app
The Australian fintech space has been rapidly evolving the past few years, where on average most individuals across the country have in excess of 6+ fintech apps downloaded and used regularly on their phone. Amongst the Australians that use fintech services, it has become a standard that they typically invest via apps such as Stake,
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REA reports decline in listings as property demand slows
It’s a tough time to be in the real estate sector. With interest rates rising globally and fewer people being able to afford homes, demand is falling, as is overall revenue. For Aussie property tech giant REA Group (ASX: REA), this has meant dealing with declining listings and profits. As per its reports, national residential
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Skyfii seals the deal with McDonalds to deploy restaurant monitoring technology
Say no more to cold burgers, wrong orders, and endless waiting times! As customer demand for seamless and efficient service across different platforms is getting higher, omnidata intelligence company Skyfii (ASX: SKF) has signed a three-year agreement with fast-food giant McDonalds. Skyfii will deploy its real-time restaurant monitoring technology and analysis solution to improve customer
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Artrya to sell its AI healthcare device Salix in the UK following regulatory approval
As the global rates of heart disease increase, countries are adopting tech solutions for early detection and prevention. That’s where Australian medical technology company Artrya (ASX: AYA) comes in. The Company reported that it had received regulatory approval for its Salix Coronary Anatomy (SCA) product in the United Kingdom. The European Notified Body (BSI) has
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ECS affirms that the cannabis is safe amid severe flooding from Loddon River
In late October 2022, the Loddon River in Victoria reached historic levels, flooding many of Victorian residents’ homes. Along with that, the floods also nearly engulfed the ECS Botanics Holdings (ASX: ECS) medicinal cannabis production and processing facility located there. The floods affected everyday work at the ECS facility as significant road closures and flooding
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International Bank of Australia approved to launch Australia’s newest payments bank
The International Bank of Australia has taken its first steps to becoming a household name, having been granted a restricted banking licence. This segment has been ignored within Australia’s banking sector yet contributes more than $100 billion per annum to the Australian economy. Securing the RADI (Restricted Authorised Deposit-taking Institution) has been a three-year process
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Casino hit with second class action linked to money laundering
Star Entertainment (ASX: SGR) faces a second securities class action lawsuit that alleges shareholders were misled by the casino’s gross dysfunctional governance and oversight which led to potential breaches of anti-money laundering (AML) obligations and counter-terrorism financing (CTF) risks. Law firm Maurice Blackburn lodged a claim on behalf of shareholders in the Victorian Supreme Court
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IBM extends multi-million dollar worth partnership with Straker by three years
All the world’s a stage, and it is counting on translation companies to get the word across. From the looks of it, translation is where the money’s at as next-gen language service provider Straker Translations (ASX: STG) joins the roster of companies profiting from providing translation services to tech giants. Straker has announced that the
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Lark appoints Satya Sharma as CEO following Bainbridge coke debacle
After what appeared to be an endless nightmare for Lark Distilling Co. (ASX: LRK), the liqueur company has finally appointed a new CEO–Satya Sharma–putting the final nail in the saga of former CEO Geoff Bainbridge who hastily stood down earlier in the year amid news of his illicit drug use. Satya Sharma, who was global
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Anteotech halts EuGeni Covid testing trials, diverts $700k saved to other avenues
Fail a few times and you realise that it’s probably best to just call it quits. Surface chemistry company Anteotech (ASX: ADO) took a few more hits before it realised that it had to call time of death on its EuGeni SARS-CoV-2 Ag RDT1 European clinical trial. After spending millions on these trials, the Company
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Forbidden Foods unleashes healthy Dino snacks to Amazon US customers
Commencing shortly, American’s can start stocking up on vegan snacks supplied by Australian health food and drink company, Forbidden Foods (ASX: FFF), following the successful rollout of its flagship Amazon US online store Blue Dinosaur, pushing its health & wellness product range. Securing its presence on the world’s largest e-commerce site, the health food Company
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Cynata teams up with Leiden University Medical Center to test its stem cell solution on kidney transplant patients
For the past few years, stem cells have come out on top as a reliable solution to many health concerns, from diabetes to cancer. Clinical stage BioTech company Cynata Therapeutics (ASX: CYP) has been testing stem cell therapy for kidney transplant patients. The Company announced that Leiden University Medical Center (LUMC) is funding an important
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HitIQ scores with Premier League contract, looks to raise $6.35m
Gaining traction with commercial agreements and increasing revenue, concussion and mouthguard technology business HitIQ Limited (ASX: HIQ) announced a paramount two-year software licence agreement with the English Premier League tied in with another capital raise seeking to raise up to $6.35 million. One of the biggest issues facing the Premier League and contact sports is
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Healthy Mummy set to be stocked in Woolworths to reach more fitness-oriented mums
For Aussie mums looking to upgrade their health routine, Halo Foods Co (ASX: HLF) has some good news. The Company’s subsidiary health and well-being business for mums, The Healthy Mummy, will soon have its products stocked nationally in Woolworths supermarkets across Australia. As a key growth pillar of The Healthy Mummy (THM), Halo has been
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Skin Elements sees increased adoption of its disinfectant SuprCuvr
That Covid-19 transformed the world’s hygiene habits is well-known. What’s more? Organic healthcare products company Skin Elements (ASX: SKN) made the most of it. For instance, its hospital grade disinfectant SuprCuvr is being used globally (and generously), thus positioning the Company for profitability. Rest assured, its success wasn’t all thanks to the pandemic, given that
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IOUPay pushes forth with its BNPL ambitions despite sector troubles
How far can you go as a business with only a little over $4 million in your bank account? Frankly, not a lot. However, Fintech company IOUPay (ASX: IOU) feels otherwise as it reports an operating cash outflow of $1.7 million in Q1 FY23, leaving the Company with only $4.1 million in its bank accounts.
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Investment in navel oranges puts strain on juicer Food Revolution
Would you rather get ten million dollars in ten years or one million dollars today? Million dollars or not, the juice processing company Food Revolution Group (ASX: FOD) seems to be playing the long game to garner profits. This quarter, its cash balance fell by $300k as it undertook manufacturing and operating expenditure of $6.3
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Novatti partnership allows more businesses to accept payments on the go
Rapidly growing fintech company Novatti (ASX: NOV) has landed a major coup with the addition of point-of-sale (POS) payments technology, enabling merchants to accept digital payments from Visa and Mastercard without additional hardware. A new partnership with MYPINPAD allows merchants to simply download software for their Android device (mobile or tablet) and enable customers to
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Vmoto makes it big in international waters, hopes to increase local sales with new tax break
As the world moves towards electric vehicles to be more sustainable, global scooter manufacturer Vmoto Limited (ASX: VMT) is profiting off international demand for its electric vehicles. In Q3 2022, the Company sold 11,809 units from its B2B and B2C product range, with nearly 90% being sold to international markets. The total international units sold
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BlueBet to gamify gambling and sportsbetting with free betting games
Are you sick of the constant barrage of ‘Bet with Mates’ ads flowing from betting moguls like SportsBet and PointsBet? Well, unfortunately for us their strategies are being replicated again as the latest announcement from industry copycat BlueBet (ASX: BBT) revealed a strategic investment in UK-based Low 6 Limited, in order to support its growth
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Vicinity revamps shopping centres to bring back shoppers post Covid decline
Are brick and mortar stores really dying? It sounds like a morbid thought, but it is becoming way too real for shopping centre chain Vicinity Centres (ASX: VCX) that might be losing its customers to online shopping post Covid. The Company reported that fewer businesses are renewing their leases, with only a 0.1% increase in
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Tasfoods focuses on eCommerce strategy to recover from post-Covid losses
The past year has cost Tasmanian food company Tasfoods (ASX: TFL) a pretty penny. In fact, the Company reported net loss after tax of $5.4 million, up nearly 300% on 1H FY21, driven by nearly all of its segments. That’s why, this quarter, it kept its focus on cost management initiatives, starting with its FY22
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Copycat BlueBet punts cash burn on customer acquisition
Attempting to secure a long-term presence in the Australian wagering industry and pierce the US market with little success, online bookie BlueBet (ASX: BBT) has turned the ante up to acquire new customers at the cost of heavy cash burn – while promoting its offerings to all Australians during our largest annual sporting events. Reaching
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Podiatry market in high demand as more Aussies prioritise foot health
The feet are our main source of mobility, as well as the foundation that supports our entire body. Believe it or not, our feet can tell us so much about our health. A new research by the Australian Podiatry Association shows almost 2 out of 5 Australians discovered life-threatening health issues when they went to
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Jayride hopped back onto the joyride in the September quarter
The past two years of international travel bans have been a hell of a ride for Jayride (ASX: JAY), especially due to their niche business nature as an airport transfer marketplace. Fortunately, as most countries have given the green light to travel, Jayride is now on a smooth ride to recoup profitability, even outperforming pre-pandemic
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Seneta’s Votiro sees 95% increase in renewals as organisations scramble to upgrade their cybersecurity
The state of cybersecurity, with the fall of Optus and Medibank, has Aussies contemplating their digital choices. For all the blather of privacy and safety, companies are falling short of actually seeing through their promises. That is why cybersecurity company Senetas (ASX: SEN) is betting big on its Israel-based solution Votiro, into which it invested
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Papyrus expands in Egypt, allowing companies to convert banana waste into food packaging
As part of its UN Sustainable Development Goals, Egypt has had its eyes set on two main issues: poverty and local development of products. For the latter, it is working with sustainable tech company Papyrus Australia (ASX: PPY) to establish a national industry in Egypt. It will retrieve, process and repurpose banana plantation waste using
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Healthcare takes the top spot among Keypath Education’s offerings, helps boost quarter revenue
Covid-19 revealed the ugly cracks in the global healthcare system, unveiling a need for better tech and more workers. Thankfully, many students have taken it upon themselves to be the flag bearers of change as EdTech company Keypath Education International (ASX: KED) reports a revenue growth of 17% on Q1FY22 within its healthcare offerings. Overall,
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Wisr strikes another quarterly growth streak but grappling with debt write-offs
“Again? Oh my bank is killing me! How high can these interest rates go up?”, said many frustrated Aussies who had to scrap their dreams of paying off their mortgages. As interest rates keep going up and the budget is getting tight, they are forced to find alternative avenues to reduce household expenses. This is
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Automation and acquisitions help Pure Foods Tasmania boost profits
Taking note of customer trends shifting towards sustainability and plant-based products, Pure Foods Tasmania (ASX: PFT) has expanded its capabilities, and it seems to be working. In Q1 FY23, the premium food company reported a sales revenue of $2.17 million with an increase in gross profit margins. Its revenue has grown by 40% per annum
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Restaurant Brands recuperates Covid-19 losses, clearing a route for growth
New Zealand-based corporate franchisee, Restaurant Brands (ASX: RBD, NZX:RBD) who operates brands such as KFC, Pizza Hut and Taco Bell, has reported its total sales for the third quarter ended September 30, 2022. The fast food conglomerate who operates in New Zealand, Australia and the US, has been clawing back to profit after the Company
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Harris Technology bucks online retail trends, set for busy retail season
Although Aussies are doing it tough with rising interest rates putting a strain on spending, eCommerce company Harris Technology (ASX: HT8) has found a sweet spot in the retail sector that is immune to the issues that have plagued online retailers for the past 12 months. Foreseeing a dropoff in sales of their flagship technology
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Optiscan Imaging eyes FDA approval through $800k intellectual property acquisition from MD
Would you call selling your intellectual property to your own company a boss move? For Managing Director, Prof Camile Farah, heck yes. Endomicroscopic imaging tech company Optiscan Imaging (ASX: OIL) has entered into a binding Terms Sheet with Managing Director, Prof Camile Farah, to acquire intellectual property in the form of clinical and histopathological datasets.
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Big Five tech company engages Crowd Media for digital avatars and conversational AI
Sick of sitting on hold waiting for someone to provide the assistance that you called up for? Those days could soon be over after a Big Five tech company engaged artificial intelligence company Crowd Media (ASX: CM8) for their digital avatars that interact with humanised responses in real time. Crowd Media’s newest client, which they
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Findi extends partnership with State Bank of India for a year, expects revenue increase of up to 13%
As India’s digital payments ecosystem grows, financial tech companies like Findi Limited (ASX: FND) are getting to make the most of the boom. In fact, the Company has received notice from the State Bank of India stating that its supply of 3912 ATMs into several states in India has been extended to 31 December 2023
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BAE Systems places order with VEEM worth $1.7 million for demonstrator blades and a hub
Marine tech manufacturer VEEM (ASX: VEE) has received an order from defense contractor BAE Systems Australia to manufacture two propeller blades and a hub under the demonstrator program for the Hunter Class Frigate Program (HCFP). The contract is worth $1.7 million, aimed to be completed by Q2 2024. The completion will ensure that VEEM qualifies
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Zip reduces bad debts marginally, still think profitability is possible
The higher you dream the more hurt it will be when you fall, therefore sometimes it is much better to be realistic than to offer pie in the sky. This expression is probably what first comes to mind when seeing Zip Co’s (ASX: ZIP) latest update on their Q1 FY23 performance, especially for those who
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Blumenthal inhales 30% of Roots cap raise, looks to burn Creso history
Roots Sustainable Agricultural Technologies (ASX: ROO), who develops adaptable technologies to tackle critical problems faced by the agricultural and cannabis industry, entered a trading halt yesterday in preparation of a Capital Raise announced today. For the Placement, Roots is committed to raising A$650,000 via a Placement which will be exclusively reserved for professional and sophisticated
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Cash Converters acquires New Zealand license for $15m as part of its FY23 growth strategy
After seeing a revenue uptick in FY22 as people casted around for loans and second-hand items, non-bank lending company Cash Converters (ASX: CVV) turned its attention to increasing its acquisitions to serve a greater customer base. In keeping with that, the Company is all set to acquire the Cash Converters New Zealand Master Franchisor for
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Redbubble struggles to sell independent artists’ work, targets Gen-Z in FY23
With the advent of NFTs and social media, you’d think independent artists were having the time of their life, profiting off their work. However, Melbourne-based online marketplace Redbubble (ASX: RBL) is telling a different story as the Company reports revenue decline of 5% on a floating basis, and 8% on a constant currency basis. Such
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Novonix selected for US$150 million grant by US Department of Energy
At a time when sustainability and independence have become foundational to companies everywhere, battery tech company Novonix (ASX: NVX) is being recognised by the U.S. Department of Energy (DOE), as it gets selected to enter negotiations to receive US$150 million in grant funding. With the money, it aims to expand its domestic production of high-performance,
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Encouraging myelofibrosis interim data sets Pharmaxis towards treating incurable disease
For patients given less than five years to live after being diagnosed with myelofibrosis, there is a new flicker of hope after clinical stage drug development company Pharmaxis (ASX: PXS) reported encouraging interim data from their Phase 2 trials. Myelofibrosis is a rare cancer of the bone marrow affecting 15 per 1 million people worldwide.
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Hiremii sees revenue increase of over 250% as job hunters get paired with recruiters
Some would say it’s a tough time to be a job hunter, what with the economy and all. So, companies like recruitment and jobs marketplace Hiremii Limited (ASX: HMI) are using artificial intelligence to match employers with potential candidates. It’s like a dating app but better as it involves financial benefits for both sides. It’s
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Australian Family Lawyers to merge with GTC Legal, on path to form a super firm
Spent some time in heartbreak hell lately? Turns out, so did many Aussies. The pandemic made many couples revisit their vows and remove the happily ever after clause. This surge has set the stage for Australian Family Lawyers (ASX: AFL) has decided to merge with GTC Legal Group to create one of the largest personal
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TZ Limited accidently inflates profit by $1 million, sneaks in update after hours
At 4PM AEST, ASX trading hours end. At 5:35 PM, smart locker development company TZ Limited (ASX: TZL) revealed a massive, potentially damaging, screw up with its 2022 financial report numbers. The Company reported a higher revenue and EBITDA for 2022, inflating its amounts by over $1 million! TZ reported a profit of $42k without
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Artrya seeking to improve its chances of getting FDA approval for AI heart disease screener
“Coronary Artery Disease. We see you.” Quite literally, healthcare company Artrya (ASX: AYA) sees your heart disease through its artificial intelligence solution Salix, which uses AI imaging to detect the intensity of your heart disease and aims to leverage its tech to access a global market alongside another jab at its FDA approval. In June
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CV Check sales rise as HR tech cannibalises recruiter labour
The trend in the global workforce landscape has changed as companies realise they can drastically improve efficiency and automation simply by engaging HR technologies to hire and manage talent in the workplace. This puts HR tech companies like CV Check (ASX: CV1) into the loop of future success, as it has just reported an astonishing
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Swift secures three-year subscription contract with Mineral Resources worth $3.4 million
Addressing the FIFO lifestyle characteristic of the mining industry, Swift (ASX: SW1) plans on employing its Swift Access solution to make sure employees are not starved for entertainment when away from home, when working at one of the nine mine sites operated by Mineral Resources (ASX: MIN). The contract is worth $3.4 million in subscription
Read MorePublicSelfWealth stems cash burn, continues to benefit from rising interest rates
While online share trading platform Selfwealth (ASX: SWF) may be best known as a website where investors can buy and sell shares, it makes no secret of the gains it makes on interest from cash held in customer accounts as a handy means of revenue. Brokerage on trades has generally been Selfwealth’s most reliable source
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Costa witnesses a sour season with low quality citrus crops due to intense rainfall and cooler temperatures
You can have all the finest technology in the world. But if mother nature decides it’s not your season, you can rest assured that it won’t be your season. And fruit and veg producer Costa Group (ASX: CGC) is a testament to that. The Company reported that Australia’s adverse weather conditions, including both higher rainfall
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Weebit Nano sees progress with ReRAM selector, prepares for application across industries
The past few years have made one thing clear, you just can’t imagine a world without tech. More recently, however, the narrative has grown to include sustainability and user-friendliness in tech. If we are going to live in an advanced world soon, it better not be at the cost of our time and energy. In
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Autosports set to acquire property at Fortitude Valley, increases retail capacity amid soaring demand
With Covid restrictions lifting, people are back on the roads, and the demand for used and new vehicles is soaring. Companies are having to expand their footprint to keep up with this demand. Given that, Autosports Group (ASX: ASG), through its wholly-owned subsidiary, Prestige Group, has signed an agreement with Dexus Wholesale Management Limited to
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AUDD launch confirmed as Novatti adds stablecoin to digital payments ecosystem
Businesses looking to move money overseas instantly and without incurring significant foreign exchange fees will soon be turning to blockchain technology with digital payments company Novatti Group (ASX: NOV) announcing the launch of their highly-anticipated AUDD stablecoin. Backed 1:1 against the Australian dollar, the Novatti-issued AUDD stablecoin will go live on 1 November 2022. Users
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Qantas confidently announces that business is now back at pre-COVID level
Australia’s national carrier Qantas (ASX: QAN) is now spreading its wings again just like it used to in the pre-COVID world, just eight months after the federal government announced Australian borders would reopen in February 2022. Qantas admitted that strong travel demand made it possible for them to recover from the COVID crisis and repair
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CEO takes 50% pay cut amid unclear future
The chief executive officer of research and development company Wellfully (ASX: WFL) has taken a 50% pay cut amid pressure from shareholders, questionable financials and a declining share price to historic lows. If the name hasn’t hinted at it yet, Wellfully is a wellness company involved with the science of magnets and adopting them into
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Camplify reports an increase in domestic bookings even as international travel becomes accessible again
Even as international borders reopen, Aussies are all about exploring locally as Camplify (ASX: CHL) reports significant growth in domestic bookings. As we edge closer to holidays, people are looking to hire RVs and motorhomes to make the most of their vacations. The Company recorded a total revenue of $5.46 million, with Camplify’s Australian business
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BrainChip expands patent portfolio with new US patent, over 20 more applications in the pipeline
Artificial intelligence company BrainChip (ASX: BRN) has been granted its tenth US patent for “An Improved Spiking Neural Network” in October 2022. The patent protects the learning function of BrainChip’s digital neuron circuit implemented on a neuromorphic integrated circuit/system, like its flagship product Akida. Through this patent, the Company protects a feature associated with choosing
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EDU witnesses greater student enrolments as demand for childhood education courses grows
As Aussie parents scramble to find good quality education centres for their kids, health and community education provider EDU Holdings (ASX: EDU) might have good news for them as it witnesses an increase in enrolments following the recent introduction of childhood education into its Ikon business. The Company reported that in trimester 3, 2022, enrolments
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Apiam expands into Western Australia after legislative changes to vet practice ownership
Vet clinic owners in Western Australia may soon have a knock on their doors with Apiam Animal Health (ASX: AHX) entering the State for the first time following legislative changes that had been untouched for more than 40 years. The new legislation came into effect in June 2022 with Veterinary Practice Regulations 2022 effectively replacing
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Beamtree teams up with Saudi Arabia’s Lean to provide health management solutions across 450 hospitals
Health data analytics company Beamtree (ASX: BMT), formerly PKS Holdings, has partnered up with Saudi Arabian healthcare tech company Lean, which specialises in providing health management solutions. The two companies will take a stab at improving the Kingdom’s existing private and public healthcare system, especially its grasp on data analytics. Phase 1 of this project,
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Helloworld thrives in September quarter ahead of restriction-less summer
This December will be the first summer holiday without any travel restrictions for Aussies. Be it chasing the sun on a cruise or going on a ski trip on the other side of the earth, vacation planning has been happening months ahead. Nevertheless, the upcoming holiday season brought good business for travel agency Helloworld (ASX:
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Complete Creso Pharma business overhaul to dissociate from tainted history
To distance themselves from a plagued past, cannabis company Creso Pharma (ASX: CPH) has announced a complete business overhaul and rebranding to pave the way for growth and any future mergers and acquisitions (M&A) opportunities. To kick off the revamp, Creso has appointed two new board directors to bolster its growth strategy to achieve global
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Battle in the sky of airline stocks: Rex vs Qantas
With major cities out of lockdown and international travel resumption, most people would have started planning their end-of-year trip to find the best deals to their dream destination from months away. This is brilliant momentum for airlines to rise from the grave after being one of the most harshly impacted businesses during the strict lockdowns.
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ANZ extends Knosys contract for three years for continued use of KnowledgeIQ
With remote work reigning supreme owing to Covid-19, Melbourne-based SaaS IT company Knosys (ASX: KNO) seems to be getting the better end of the deal as it signed a three-year contract worth over $5 million with ANZ bank. As part of the deal, the bank will receive continued access to Knosys’s KnowledgeIQ offering. Moreover, ANZ
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AXE reaches breakthrough in development of quantum chip operating at room temperature
Picture this: a quantum computing chip that works smoothly at room temperature. For those not in the know, a typical quantum chip requires sub-zero temperatures, such as -273 degrees. Materials technology company Archer Materials (ASX: AXE) has challenged that by using complementary metal–oxide–semiconductor (CMOS) chip technology to detect quantum information in the 12CQ qubit material
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Emerge Gaming targets affluent African gamers with launch of premium games platform
Having moved on from the pyramid scheme marketing operations that previously resulted in a 3-month suspension from the ASX, gaming company Emerge Gaming (ASX: EM1) is back on their strategic pathway in Africa with the launch of a new competitive game streaming service in partnership with telecommunications company MTN. To be known as MTN Arena
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Meet Latitude, Ahmed Fahour’s sinking brainchild which is getting taken to court by ASIC for deceptive advertising
Imagine you stumbled upon a Latitude (ASX: LFS) ad that says it allows you to do a 60-months interest free installment just when you were about to reluctantly pay Harvey Norman a couple thousand dollars in a lump sum. You went all bright-eyed and bushy-tailed. Getting an extra 5 years to pay off your new
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EVZ to set up water storage reservoir in election battleground West Melton for $11 million
The Melton region of Western Melbourne has become the hot spot for political discourse. Its growing population is weighing heavy on the decisions made for the area, especially when it comes to its infrastructural development. To cater to this population growth, engineering company EVZ Limited (ASX:EVZ) has secured a contract with Aqua Metro to design
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Beam receives $2.5 million worth of new orders for Iridium Go satellite hotspot devices
With remote work allowing you to work from any corner of the world, and we mean any corner, you must account for networks in the area and that’s where satellite devices, like Iridium GO!, come in. Iridium GO is a popular portable satellite hotspot device, and it has recently given new orders worth $2.5 million
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Tower acquires rights to NZ’s Kiwibank portfolio, putting an end to commission payments
Kiwi insurer Tower Limited (ASX: TWR) has made it official with New Zealand-based Kiwibank. The Company announced that it has acquired and assumed the rights to its portfolio of insurance policies underwritten by Tower for $5.9 million, thus growing the two companies’ relationship from Partnership to Direct. Since 2006, Tower has been providing insurance to
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Shareholders back Healthia to capitalise on friendly acquisitions market with $11.1m raised
Australia’s fastest growing allied health company Healthia (ASX: HLA) could soon be on the acquisition path with shareholders backing the Company to capitalise on the more than 110 businesses that they are in discussions about acquiring. Strengthening their balance sheet, shareholders strongly supported Healthia to the tune of $11.1 million from the Company’s capital raise
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Amazon partner Scout Security hits Australian market
Although listed on the ASX, Scout Security (ASX: SCT) products aren’t accessible to Australians. Today, the Company is over the moon to announce that it will begin distributing its cameras nationwide via Amazon.com.au. Marking this as the first step into the Australian market, the Company will launch its A$59.99 HD indoor and outdoor camera, which
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Jaxsta continues to burn cash, looks to lay-offs, remote work and crypto to bail it out
It so appears that music tech company Jaxsta (ASX: JXT) is a shopaholic lacking a solid financial plan as the Company reports a monthly burn rate of about 16%, with cash burn in its September quarter amounting to nearly $1.4 million. Data costs, marketing spend and more made up most of its expenditure. Compared to
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PointsBet enters five-year contract with 1/ST Technology to expand horse racing betting in the US
The Aussie way has caught up to sports betting company PointsBet Holdings (ASX: PBH) as it expands its US portfolio to include horse racing betting. The Company’s subsidiary Premier Turf Club, i.e. BetPTC, has entered into a five-year agreement with North American horse racing company 1/ST TECHNOLOGY, which is a business division of The Stronach
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SRG Global wins $40 million contract with at Fortescue’s Iron Bridge
The past 12 months have been an upwards journey for construction and engineering company SRG Global (ASX: SRG). Following an $80 million contract with two US companies, SRG has secured another win as its aboriginal joint venture “Bugarrba” gains a five-year term contract with Aussie mining giant Fortesue’s Iron Bridge site, worth $40 million. The
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Aussies spend big on probiotics as Biome records sales revenue of $1.56 million in the September quarter
With probiotics becoming a staple in people’s diets, microbiome health company Biome Australia (ASX: BIO) is enjoying its time in the spotlight. The Company reported sales revenue of $1.56 million in the September quarter of FY23, up 70% on the previous corresponding period. From $833k in 2020 to $4.1 million in FY22, the Company’s revenue
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McGrath eyes growth in Central Coast real estate market, invests in local agency
As fewer Aussies look to buy property and more focused on coastal life, real estate agents are re-strategising to make the most of the opportunities. Real estate agency McGrath Limited (ASX: MEA) announced that it has acquired a 30% stake in its Central Coast franchisee, McGrath Central Coast, from principals Jaimie Woodcock and Mat Steinwede.
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US Department of Defence loads up with $1.8m order from DroneShield
In the land far away where it would be un-democratic to disallow teenagers to purchase guns and assault weapons, the nation is doubling down and increasing their layer of protection to now include airborne firearms through a major purchase from counter-defence company DroneShield (ASX: DRO). The $1.8 million purchase comes from the US Department of
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Bubs lodges letter of intent with FDA to become a permanent seller in the USA
After a successful entry into the USA during their recent dairy crisis, infant nutrition and dairy specialist Bubs Australia (ASX: BUB) has lodged a letter of intent to continue selling six Bubs Infant Formula products in the country till October 2025 and beyond. The Australian Company is one of only eight infant formula manufacturers globally
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Family Zone acquires Educator Impact for nearly $7 million, gears up to enter the US and UK market
At a time when potty training and iPad inductions are delivered at the same age, kids can get sucked into the toxic digital world quite fast if not monitored. Now, parents can look forward to a healthier digital experience for their kids as family-focused cyber safety company Family Zone (ASX: FZO) acquires student well-being SaaS
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Lumos FDA appeal rejected yet again
One of the punching bags of the ASX, Lumos Diagnostics (ASX: LDX), which develops diagnostics for healthcare professionals to more accurately diagnose and manage medical conditions, has announced the closure of its Sarasota manufacturing facility in Florida as they shift operations across the country to Carlsbad, California. The decision to close one of its sites
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Tech Chairman offers $1m loan, casually charges shareholders interest at 18% pa
Authenticity is essential to brands in this day and age to protect the brand equity and product value. However, in contrast to the growing needs, the anti-counterfeit industry isn’t doing great. This too affected YPB Group (ASX: YPB), an anti-counterfeit and consumer engagement technology provider. To keep the business afloat, YPB Group Executive Chairman John
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Seven Network renews Ai-Media contract despite fallout over leaked Rebecca Maddern video
In a surprising turn of events, it appears that Brutus and Julius Caesar are on good terms again as captioning company Ai-Media Technologies (ASX: AIM) and Australian broadcaster Seven Network sign a five-year renewal contract after a major breach of trust in January this year. An Ai-Media employee had leaked a video of a Seven
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Toys”R”Us struggles to win big from Australia re-launch, suffers losses of up to $25 million in FY22
Seems like few Aussies are into buying toys online as online toy retailer Toys“R”Us (ASX: TOY) reports total losses of up to $25 million despite increasing its marketing budget by over threefold! The Company is the exclusive licensee for Toys“R”Us, Babies“R”Us and associated intellectual property in Australia and New Zealand, where it relaunched in 2020
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Clean TeQ Water secures filtration contract with Australia’s largest celery and leek grower
If you love your celery and leek, there’s a good chance that your produce will be treated with even cleaner water than before thanks to new nanofiltration technology supplied by Clean TeQ Water (ASX: CNQ) to Schreurs & Sons, one of Australia’s largest and most prominent celery and leek growers. The deal comes in theRead MorePublic
OrthoATI trials bring positive results for rotator cuff tendonitis patients, eyes US market
Sportspersons and athletes can look forward to bidding adieu to steroids when it comes to the treatment of rotator cuff tendonitis, i.e. swelling of the shoulder muscles, as regenerative medicine company Orthocell (ASX: OCC) has a better solution: cell therapy. The Company conducted clinical trials for its patented injectable cell therapy solution, OrthoATI, and announced
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Iress shares tank following profit downgrade attributed to challenging economic environment
Amid rising interest rates to counter inflation, investors have been keeping their powder dry which has prompted share market data company Iress (ASX: IRE) to issue a profit downgrade as a result of reduced trading activity across the investor community. Defined by the company as “challenging macro conditions”, Iress has also cited supplier expenses that
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Respiri addresses cash burn by targeting cheaper labour in The Philippines
After less than satisfactory ventures in India and the USA, medtech company dedicated to respiratory health Respiri (ASX: RSH) is heading to the Philippines. The Company will establish a Company Centre of Digital Innovation Excellence, which will aim to drive digital product innovation to cater to American market opportunities, improve productivity and increase return on
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K2Fly secures $1.2 million mining tech deal with iron ore giant Fortescue
In another contract win for resource governance company K2Fly (ASX: K2F), the Company has been given the software development services order by Fortescue Metals Group (ASX: FMG). The contract is worth $1.2 million for an expected period of six months. The Company has received orders from entities related to or associated with Fortescue. It will
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Inventis set to acquire Open Projects Group for $3.4 million, expands furniture portfolio
The demand for cushy workspaces is on the rise as companies, like ergonomic furniture producer Inventis (ASX: IVT), witness increasing profits. To maintain this growth momentum, the Company has announced the acquisition of commercial furniture manufacturer Open Projects Group (OPG), which specialises in the design and supply of custom office tables, joinery and industrial kitchens.
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Kids’ wearables company Spacetalk launches JumpySIM operations in Australia
Smartwatches, earbuds and other tech wearables have seen strong growth in the last few years as big brands like Apple and Samsung have compacted the capabilities of smartphones into something that you can wear on your wrist. The ‘wrist revolution’ prompted the development of a smartwatch that is child friendly, but that can also provide
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Inspired conference to return as part of Healthia’s focus on people
The healthcare industry has been at the centre of the world’s attention for the past two years. It has also been buried under a host of problems, from staff absenteeism to lack of adequate technology. That’s where allied healthcare company Healthia (ASX: HLA) comes in. The Company, with its “People Focus” strategy, is aiming to
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Clinical trials deliver promising data for anti-scar skin treatment
Patients who suffer from permanent scars are one step closer to a treatment that could alleviate both the physical and mental effects thanks to promising interim data released by clinical stage pharmaceuticals company Pharmaxis (ASX: PXS) and a team at the University of Western Australia, led by Professor Fiona Wood AM. The trial of drugRead MorePublic
CV Check gets Scantek on board to facially analyse potential employees
If applying for jobs wasn’t stressful enough, prepare to have your personal space invaded with facial recognition technology being a supplement to your CV. Pre-employment screening company CV Check (ASX: CV1) has teamed up with ID verification company Scantek to analyse faces of job candidates and ensure that they match with their CV. This way,
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Superloop acquires VostroNet for $35 million, opening the door to bigger clients
Top-notch student accommodation providers and local governments can look forward to utilising the Superloop network in what can be considered a huge win for the network provider. That’s because Superloop (ASX: SLC) has acquired internet provider VostroNet Holdings Pty Ltd (VostroNet) for $35 million. VostroNet provides wholesale Fibre-to-the-Premises (FTTP) and WiFi networks to student accommodations
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PainChek steps into the Japanese market, taps into the region’s massive ageing population
Japanese caretakers will soon be able to look at non-verbal babies’ and senior citizens’ faces and break down facial expressions to understand if they are in pain. Digital pain assessment app PainChek Limited (ASX: PCK) has announced that it is expanding its activities to Japan following its acceptance into the Japan External Trade Organisation (JETRO)
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Botanix files new drug application with FDA to alleviate excessive sweating
The Company developing treatments for skin infections and diseases, Botanix Pharmaceuticals (ASX: BOT), has filed a New Drug Application (NDA) submission with the US Food and Drug Administration (FDA) for its Sofpironium Bromide product. The submission will seek FDA approval for the treatment of primary axillary hyperhidrosis. Hyperhidrosis is a rare disorder characterised by excessive
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PointsBet takes first online bet in Louisiana, home of brand ambassador Drew Brees
Sports loving fans in New Orleans can now bet with one of the United States’ fastest growing online bookmarkers with Pointsbet (ASX: PBH) having gained authorisation to accept its first bet in the State of Louisiana. The approval has been granted by the Louisiana Gaming Control Board, making Louisiana the 12th State that PointsBet has
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MTO expands electric vehicle crusade, acquires Mojo for $60 million
As more and more companies expand their portfolios to include more sustainable and eco-conscious offerings, Motorcycle dealership company Motorcycle Holdings (ASX: MTO) is not about to be left behind. The Company has acquired one of Australia’s largest motorcycle and electric vehicle importers and distributors, the Mojo Group, for $60 million. Melbourne-based Mojo Group is a
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Cronos all set to launch new version of app to sell cannabis
Cannabis consumers rejoice, medicinal cannabis provider Cronos Australia (ASX:CAU) is very close to finally releasing its Canview platform to make the procurement of the drug an easy affair. The roll-out is happening across stages with the first one comprising a number of order fulfilment upgrades, process improvements and other efficiencies. It was deployed internally within
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As pandemic eases, Healthcare companies set for a wave of deferred appointments
The healthcare industry has been one of the most heavily impacted by the COVID-19 pandemic. Not just because of its strain on the healthcare system, but also because of sharp spikes in staff absenteeism and the widespread delaying of appointments among patients. A survey from the Continuity of Care Collaboration, which is an Australian groupRead MorePublic
Viva acquires Coles Express petrol stations for $300 million amid future petrol car bans across Australia
Bid adieu to Coles Express stations and retail stores, as soon they will all spell out Viva Energy. In a strategic move for both companies, Coles Group (ASX: COL) has agreed to sell its petrol stations to oil refinery Viva Energy (ASX: VEA) for $300 million. While Viva will use this opportunity to become the
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NIB returns $40 million to customers, also raising health insurance premiums
Given a choice between everyday living and health insurance, which one would you opt for? It is ironic that people are having to choose between these two in the first place, but most are opting for the first. As living costs rise, people are cancelling their health insurance, urging companies like Aussie healthcare fund NIB
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Kathmandu jackets fail to keep the chill away as KMD Brands profit falls 40%
Only for retail company KMD Brands (ASX: KMD) would the phrase “winter is coming” elicit bright smiles and enthusiastic cheers as Kathmandu jackets enjoy a moment in the spotlight with the highest-ever sales growth of over 24.5% for Q4. Though it was the brand’s best-ever winter performance, the excitement has thawed as fewer people buy
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Tabcorp continues digital rebuild with $62 million sale of venue loyalty business eBet
Since the demerger of its lotteries business to concentrate on its wagering business, Tabcorp (ASX: TAH) has made further strides in its restructure with the sale of its eBet business for $62 million, no longer seeing value in its loyalty and tracking systems. Generating EBITDA of $4.4 million and an EBIT loss of $2 million
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American x-ray giant Varex puts Micro-X on the global radar, invests $15 million
Adelaide-based x-ray technology company Micro-X (ASX:MX1) has gained major bragging rights as the leading independent manufacturer of x-ray tech components Varex Imaging Corporation has invested $15 million into the business, thus commencing an equity partnership. As per the agreement, Varex will pay $7.5 million—in five ‘milestones’ for an exclusive licence fee to use Micro-X’s NEX
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Crowd Media generates $150k revenue from media search partnership, extends AI marketing agreement
More business is being conducted online than ever before, and with such a trend has come major increases to online marketing budgets. Identifying an opportunity to provide businesses with better returns on their online advertising, artificial intelligence company Crowd Media (ASX: CM8) has developed a solution to reduce customer acquisition costs using conversational AI. In
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Forbidden Foods teams up with Walmart supplier KeHe to sell its Blue Dinosaur protein bars in the US
Americans will now be able to indulge in Blue Dinosaur vegan protein bars with premium food company Forbidden Foods (ASX: FFF) going global having teamed up with US grocery network KeHe Distribution to sell its Blue Dinosaur products in the United States. This deal is a major retail moment for Forbidden Foods as it indicates
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My Food Bag CEO resigns, hints at a sign of more bad things to come
Amid a tumultuous year, with fewer deliveries and trading challenges, meal kit home delivery service My Food Bag (ASX: MFB) CEO Kevin Bowler announced overnight that he is resigning from his position. After having joined the Company in June 2018 as its first independent CEO, Bowler took inventory of the matter in hand (think: lower
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Althea launches highest-concentration cannabis medication
Growing in areas that matter, cannabis medication producer Althea Group (ASX: AGH) has been increasing its global distribution offerings with the launch of its latest products; the Althea CBD25 soft gel capsules and the THC25 dried flower. Product development is the cornerstone of market share leadership in an industry still in its infancy. With the
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Cambridge brings on Janison to digitise more examinations
Covid upended educational institutions, forcing them to go digital and encourage remote learning. Now, online learning is on its way to becoming the norm, and companies like edutech provider Janison Education (ASX: JAN) are making the most of it. The Company has signed a deal with Cambridge University Press and Assessment wherein Janison will provide
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Matrix engaged by Rio Tinto to produce replacement components for structural steel
In a bid to support local businesses, mining giant Rio Tinto (ASX: RIO) has engaged Matrix Composites & Engineering Ltd (ASX: MCE) to help it develop and manufacture a replacement product for structural steel components for trials at Rio Tinto’s iron ore operations in Western Australia. Though it is a joint development agreement, Matrix will
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Clover sees revenue boost after tapping into the infant milk formula market
China seems to be the hot spot for infant milk formula companies, as Clover Corporation(ASX: CLV) becomes yet another Aussie company to launch its product there successfully. As international borders reopened, the Company delivered nearly $41 million as sales rebounded and key infant milk manufacturers order volumes lifted. In FY22, the Company saw a revenue
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Eco-consciousness and self-reliance urges Sparc to team up with QUT to investigate sodium ion batteries
As sustainability takes centre stage across industries, companies are forced to reimagine their products to be more eco-conscious. For innovative tech company Sparc Technologies (ASX: SPN), it is an opportunity to fill a market need. So, it has signed an agreement with the Queensland University of Technology (QUT) to develop materials for sodium ion batteries
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IOUpay commences major partnership with Malaysia Bank
Despite many investors fleeing the industry, Buy-Now-Pay-Later (BNPL) buff IOUpay (ASX: IOU) is doubling down on its strategic plan to pursue large telcos and corporates in South-East Asia via a Marketing Collaboration Agreement (MCA) signed today with the Bank Simpanan Nasional (BSN) to promote the Company’s ‘myIOU’ product across Malaysia. As part of IOUpay’s strategic
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HITIQ secures exclusive right to manage head injuries at the 2022 Rugby League World Cup
Beyond the thrilling game, the lively ambience, and the excited spectators, sports always carry risk of injuries for the athletes that should not be overlooked. As a solution, HITIQ (ASX: HIQ) has been striving to minimise head injuries on athletes through its transformative concussion management technology. Most recently, HITIQ has been appointed to exclusively manage
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Duxton Farms acquires two new properties for $9m in bid to recover FY22 losses
The floods witnessed in the first half of 2022 resulted in drowning profits for diversified crop production company Duxton Farms (ASX: DBF). To bring back the revenue, the Company is relying on a range of strategies, one of which entails expanding its farm portfolio through acquisitions. In keeping with that, Duxton Farms has announced the
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Starpharma’s DEP shows promising results on prostate cancer patients
Offering some relief for people suffering from prostate cancer, Starpharma (ASX: SPL) might be on the verge of a breakthrough as it announced that its drug DEP® cabazitaxel has shown promising anti-tumour activity data at the European Society of Medical Oncology (ESMO) Congress in Paris, France. The new data from its phase 2 trial reveals
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Institutional investors back Healthia with $10m to accelerate allied health network growth
Having tripled their network of allied healthcare businesses since listing on the ASX four years ago to now be operating 309 businesses, Healthia (ASX: HLA) is on the move again with institutional investors keen for a bigger slice of the pie by backing the company with $10 million to accelerate its growth. The $10 million
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Honeywell expands portfolio by signing on Stealth’s autonomous vehicles
If you have fever dreams about felons escaping prison and breaking into your home, peaceful nights lay ahead as Government-backed venture builder Strategic Elements (ASX: SOR) has signed an agreement with software industrial company Honeywell to deploy automation and robotics Company Stealth Technologies’ Autonomous Security Vehicles (ASVs) for perimeter security. Stealth will engage exclusively with
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PointsBet completes first bet in Maryland, driving US expansion
The North American sports betting industry continues to scale to new highs as punters in Maryland have now gained access to sports betting with PointsBet (ASX: PBH), which continues its national expansion. Punters from Maryland have recently seen a considerable change in their access to retail sports betting following new legislation signed by Maryland Gov.
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Neuroscientific Biopharmaceuticals CEO resigns as years of research snubbed by ethics committee
After the Human Research Ethics Committee (HREC) rejected the Company’s flagship drug, EmtinB, knocking back years of research in the process, disappointed CEO and Managing Director, Mr Matt Liddelow, announced that he is resigning from his position immediately. Liddelow noted, “I acknowledge the loss in shareholder value as a result of the rejected Human Research
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Electro Optic Systems sees $99 million loss, rejigs the business from bottom up
What do you do when you lose nearly $100 million in only six months? Re-evaluate everything. That’s exactly what defence, space and communications company Electro Optic Systems (ASX: EOS) is doing as it expresses disappointment in its first half result, losing $98.9 million in six months ending June 30, 2022. The loss is even more
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Digital property transactions to be available in the UK as PEXA acquires Optima Legal
Conventional property settlement is daunting for some of us. Having to go back and forth to lawyers, conveyancers, and financial institution offices during lunch breaks is rather time consuming and stressful. As the world progresses to the digital era, PEXA (ASX: PXA) has been facilitating 80% of modern property exchanges in Australia by creating a
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REJECTED: Tyro Payments shruggs off $658 million takeover bid
The board of digital payments company Tyro Payments (ASX: TYR) has politely rejected a $658 million takeover bid from Potentia Capital Management and its consortium, where the unsolicited offer values the Group at $1.27 per share, a 30% premium above yesterday’s close price of $0.985. The tech-focussed consortium comprises HarbourVest Partners, MLC Investments and the
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Invion’s Photosoft shows ray of light in fight against forgotten Zika virus
Before there was Covid-19, viruses like Zika were baffling the medical community and the world, of course. Today, the Zika virus market is worth approximately US$17 billion; yet, it has no treatment. Hopefully, that may not be the case for long as life-sciences company Invion (ASX: IVX) has announced that its patented tech PhotosoftTM has
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Harvest Technology enters defence industry, scores contract with secret EU nation
If you’ve been following the war in Ukraine, one thing that the greater world has woken up to is the difference high-intelligence technology makes. The use of video communications for real-time targeting and troop movements by the undermanned Ukrainians has been astonishing. Looking to assist in this area (not for Ukraine), communications tech company Harvest
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Wide Open Agriculture teams up with My Foodie Box to enter East Australia market
Many of our favourite indulgences have a plant-based alternative now, be it meat or milk. Evidently, there is a growing market for plant-based foods, and food companies are all for milking this opportunity. After securing a spot with the first Coles Local launching in Western Australia, regenerative food and agriculture company Wide Open Agriculture Limited
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Argenica begins clinical trials of drug that could protect your brain during a stroke
Every 19 minutes, an Australian suffers a stroke, and every hour that the treatment is delayed, the brain ages up to four years. That paints a rather bleak picture, but that is exactly what biotech company Argenica Therapeutics Limited (ASX: AGN) is addressing as it receives ethics approval from Bellberry’s Human Research Ethics Committee (HREC)
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Unethical human trials, NeuroScientific Biopharmaceuticals rejected by regulator with years of research up in smoke
Aussies suffering from Alzheimer’s disease may have avoided some sketchy science after drug development company Neuroscientific Biopharmaceuticals (ASX: NSB) had their application to commence Phase 1 trials in humans, rejected by the Human Research Ethics Committee (HREC). In order for any drug development company to commence trials in humans, they must secure HREC approvals which
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MCS Security acquires traffic management company, aims to grow client base
In a bid to expand its offerings, security services provider MCS Services (ASX: MSG) has acquired Highways Traffic, a traffic management company based in Western Australia. After signing the Binding Terms Sheet in January 2022, the Company has finally executed a purchase agreement which is subject to operational, licensing and financing pre-conditions. The two companies
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Hills secures $7m contract for Nurse Call tech in new Footscray Hospital in Melbourne
Addressing Melbourne’s strained public health system, integrated technology distributor Hills (ASX: HIL) has announced that it will be deploying its Nurse Call technology at the new Footscray Hospital, the single largest health infrastructure investment in Victoria. The Company secured the Nurse Call supply and installation contract valued at $7 million, with an option to continue
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Archer Materials chipping away at quantum computing
One of Australia’s most watched chip developers, Archer Materials (ASX: AXE), has joined forces with semiconductor manufacturer GlobalFoundries to advance its quantum chip technology. The two companies will be working in partnership to develop Archers’ ¹²CQ quantum chip technology and scale up manufacturing. Archer will be utilising GlobalFoundries’ facilities and production processes to explore the
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Gold Coast Suns engage MSL Solutions to improve match day experience, outside of winning
“I just love standing in queues for hours and hours…”, said no one ever. Do you ever just go to events either super early or super late to avoid the lines altogether? Looks like Metricon Stadium has a solution as it signed on sports, leisure and hospitality SaaS technology provider MSL Solutions (ASX: MSL) for
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Botala and Solar Finland sign MoU to explore clean energy in Botswana
Clean energy sources are becoming the top priority for companies, no matter the industry. For diversified energy company Botala Energy (ASX: BTE), this is an opportunity to partner with Finnish company Solar Finland to jointly investigate solar power generation projects and establish solar panel manufacturing in Botswana, South Africa. To achieve this, both companies have
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Tissue Repair ready to repair tissue with key patent approval
To explain chronic wounds, the easiest example would be something like an ulcer that just won’t heal, or comes back far sooner than you had hoped. But in reality, the majority of sufferers deal with something far worse, even finding themselves completely debilitated and eternally frustrated as the wound refuses to heal, costing the healthcare
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iCandy sweeps shareholder dilution under the rug with 1600% revenue bump
Independent game developer iCandy Interactive (ASX: ICI) has attempted to win over the hearts of investors with its latest half-year results, revealing a record revenue increase of 1600%, hoping investors don’t realise it was entirely acquired at the expense of shareholders. For the half-year report that ended 30 June 2022, iCandy raked in $15.9 million
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Reduced discretionary spending pushes dusk to accelerate global expansion initiatives
Looks like luxury customers are reviewing their purchases, with fewer people willing to buy a $20 candle to spruce up their space. Home fragrance retailer dusk Group (ASX: DSK) reported a 6.9% decline in revenue on FY21 to $138.4 million. Moreover, the Company’s profit is down over 7% from over $100 million to $93.7 million.
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Parkinson’s UK backs Pharmaxis with $5 million to slow the onset of incurable disease with ‘ground breaking’ trial
This morning’s announcement may have surprised many investors following the Pharmaxis (ASX: PXS) story because where on earth does Parkinson’s fit into the equation alongside cancer, skin scarring and cystic fibrosis? Unpacking the Pharmaxis investment case reveals an agile company with more than one trick up their sleeves, keeping business buoyant whilst other biotechs list
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Digital payments adoption accelerating as Novatti talks increased returns
Although some pandemic trends have lost momentum by returning to their pre-Covid status, one that shows no signs of slowing is digital payments, evidenced by revenue growth from Novatti Group (ASX: NOV) which has invested heavily in their ecosystem and is now eyeing positive cash flow. Operating a global ecosystem that facilitates digital payments, including
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Big financial swing as Crowd Media eyes profitability with major turnaround
When they appointed a former Israeli Air Force Captain as their CEO 12 months ago, artificial intelligence company Crowd Media (ASX: CM8) knew they were going to see discipline instilled and the financial results of that appointment have begun bearing fruit through a $1 million upswing in FY22 earnings. For the year ended 30 June
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Douugh reports loss of $11.6 million but hope super app launch in Australia will turn the tide
Fintech company Douugh (ASX: DOU) touts itself as a responsible financial “super app” dedicated to financial wellbeing but they may ironically need to consider their own financial health after reporting a loss of $11.6 million, blaming wasted marketing spend and employee benefit expenses. While they managed to generate $600k in revenue from their super app,
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Healthia sets new sight on becoming the top allied healthcare provider in Australia
Having serviced delivered more than 1.6 million patient appointments over the past year, allied health company Healthia (ASX: HLA) has such a large pipeline of acquisition targets that they have confirmed a new strategic vision of becoming the largest diversified allied healthcare provider in Australia and New Zealand. The ambitious goal has been set by
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Melbourne game studio no longer playing on the side
Australia’s largest publicly listed video games developer, PlaySide Studios (ASX: PLY), has delivered a record year today in another period of consecutive growth. PlaySide has hit records across the board; commercial revenue came in at $29.24 million, a significant increase of 169% from $10.88 million in FY21. Record EBITDA of $5.9 million, was up slightly
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Webjet revenue picks up thanks to rise in travel demand
If you’re planning a getaway after two years of staying put in your city, you’re not alone. Turns out, plenty of people are finally seeing through their travel plans as online travel agency Webjet (ASX: WEB) reports that travel bookings are at 95% of pre-pandemic levels in the first half of FY23. Webjet credits this
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$100 million funding helps Dubber achieve significant business goals
Virtual meetings are getting a makeover with more and more software companies providing translation solutions rooted in artificial intelligence. Most recently, cloud-based call recording software Dubber (ASX: DUB) reported an annual recurring revenue (ARR) growth of 51% to $59 million as businesses jumped on board with its unified recording and conversational AI services. Dubber’s total
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Revenue up; profit down for luxury retailer Cettire as it eyes global expansion
Since February 2022, online luxury retailer Cettire (ASX: CTT) has seen its share price plummet from $2.13 to only $0.88 as of August 30. However, a baffling discrepancy followed as the Company released its financial report, announcing a gross revenue growth of 131% to $287.8 million. All this while, profit fell about 7.5% to $19.06
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Buyers beware – Car subscriptions on the up as Carly posts 26% revenue rise
To those wishing to purchase a new or second hand car in 2022, good luck. With supply shortages caused by COVID disruptions and the war in Ukraine making it simply impossible for buyers to walk away from a car purchase feeling like they received a good deal. Providing another option is Carly (ASX: CL8) which
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Strong China growth strategy pushes A2 Milk’s revenue to double digits
Nutritional dairy company A2 Milk (ASX: A2M) might not have qualified to provide baby milk formula in the US, but it definitely succeeded on other fronts, ushering in a double-digit revenue increase of 19.8% to $1,446.2 million with the second half of FY22 up 18.9% on the first half, largely thanks to China. The Company’s
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Big spending on jewellery through pandemic justifies Lovisa’s aggressive global expansion
At a time when we had to re-evaluate our spending on everyday necessities, few compromises were made on the luxury front, with people still willing to spend generously on accessories. For FY22, fast fashion jewellery brand Lovisa (ASX: LOV) reported $548.7 million in revenue, a 59.3% increase on the previous year. The Company’s comparable store
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Booktopia’s year from hell ends with $6 million fine from ACCC for misleading T&Cs
Even the best fiction writer probably couldn’t script this if they tried but a tumultuous year where everything that could go wrong, did – has finally ended for online books retailer Booktopia (ASX: BKG) which has culminated in a $6 million fine for breaches in consumer protection laws. The $6m fine from the Australian Competition
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Slater & Gordon profits bouncing back with lift in lockdowns driving more car accidents
Looks like more and more people are lawyering up as law firm Slater and Gordon (ASX: SGH) have delivered shareholders a net profit of $2.2 million in FY22. The second half in particular proved a highly litigious few months following a poor first half where it suffered losses worth $7.5 million. Compared to FY21, when
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Selfwealth laser focused on profitability with transition away from ‘cheap’ brokerage model
Cash. It’s all about cash. And retail investors are playing safe by holding cash instead of equities as online brokerage company SelfWealth (ASX: SWF) progresses through a business transformation which has seen its growth slow, and profits fall. As previously acknowledged by SelfWealth, the surge of retail investors entering equity markets during the pandemic was
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Nothing to see here Zipsters, just a casual $1 billion loss and twice as many bad debts
As the BNPL fad continues deepening into irrelevance, market leader Zip Co (ASX: ZIP) insists profitability is on its horizon. You just have to overlook any timelines for such to be achieved, and their $1 billion loss for FY22 which includes $276m in customer delinquency write offs. Consumers have been happy to utilise Zip’s BNPL
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No salvation in sight for Qantas as staffing issues compound $7bn in pandemic losses to date
Australian airline Qantas (ASX: QAN) has been in the news for a myriad of reasons lately. And none of them have been positive. Most recently, the Company reported its third major loss following Covid-19, with the underlying loss before tax amounting to $1.86 billion and statutory loss being over $1 billion. According to the Company,
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Early bird gets the worm – finance on-demand service gaining market share in a year of solid growth
Australians have witnessed the birth of a service that allows them to access their payday ahead of time via an advancement, bypassing banks with a service striving to operate similar to payday lenders but with fewer fees and shorter repayment timeframes. With several ‘pay advance’ companies popping up recently, it was only a matter of
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EML boss kicks off leadership trying to explain $7.9m lost from digital payments fraud
Among her first orders of business, EML Payments (ASX: EML) CEO Emma Shand is tasked with explaining to shareholders how the digital payments company fell prey to fraud, amounting to losses of $7.9 million. The fraudulent activity occurred with its Sentenial business some time in August 2022 but only came to EML’s attention on Tuesday
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Mobile app drives Coles digital grocery shopping, home brand products expanded too
Spent a lot of time browsing Coles aisles this past year? Turns out, so did many others! The supermarket giant reported a revenue of $39.4 billion, up 2% on FY21. The boost was credited to strong eCommerce performance in Supermarkets and Liquor cycling. The vast majority of these earnings were borne by supermarkets while liquor
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Parents going cold on G8 Education centres as profits plunge 63%
Charging an average of $131 per day across their 448 childcare clinics, parents are voting with their feet away from centres run by early education company G8 Education (ASX: GEM) which has reported a 63% decline in profits for the Half Year. For the six months ended 30 June 2022, G8 Education reported a 1.1%
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Ansell sales down as Covid scare subsides with lower demand for hygiene products
Lowered demand for Covid-related products, supply chain concerns, the Russian war on Ukraine, Sri Lanka’s economic downfall and human rights lawsuits—global safety solutions company Ansell (ASX: ANN) year has been shrouded in problems. And the Company does not expect the impact of these challenges to go away any time soon. Ansell announced sales of US
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There’s a new shipping standard in town as Zoom2u posts revenue rise in year of growth
As we become expectant to be able to order just about anything same-day and know alarmingly accurately exactly where it is until the doorbell rings, delivery tech company Zoom2u Technologies (ASX: Z2U) looks set to benefit as their first FY results show, highlighted by a 63% increase in revenue to $4.63m Despite the rise in
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Summerset aims to meet retirement demands with three new sites
To retire comfortably is a dream for many, and retirement village operator Summerset Group (ASX: SNZ) is all about making it come true. The Company has acquired three sites, two in New Zealand and one in Australia, valued at over $600 million, to set up elaborate retirement villages. The New Zealand acquisitions are in Masterton
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Cirrus whips backhander at WebCentral upon concession of failed hostile takeover
Hostile takeover attempts are a thing of beauty when it comes to listed companies poop-flinging in the boardroom but IT services provider Cirrus Networks (ASX: CNW) has had the last laugh over rival WebCentral (ASX: WCG) by forcing their hand in abandoning their attempt. Despite WebCentral having a $70m market cap, more than double thatRead MorePublic
Endeavour lifts profits despite hitting disruption bingo
Covid, floods, staffing, supply chains. That’s what we call the 2022 disruption bingo, which has this morning been claimed by Woolworths liquor chain spin out – Endeavour Group (ASX: EDV). The owner of well known brands such as Dan Murphy’s and BWS has delivered positive results despite this extensive list of challenges however, with their
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How this company is developing medtech to support Indigenous community health
At first glance, the concept behind orthotics is deceptively simple. But what once were simple pieces of cobbled together leather, metal and wood are now highly technical medical devices thanks to the integration of smart technology. With embedded sensors, the orthotics are now being developed to improve healthcare in remote regions, including for those who
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Nick Scali skeptical about high-end furniture sales, citing inflationary pressures
Would you buy a sofa priced to the tunes of $5,000? Probably…not. But many Australians are more than willing to, as is evidenced by furniture retailer Nick Scali’s (ASX: NCK) sales of $441 million across FY22. Despite the 18.2% increase in sales compared to last year, net profit after tax fell marginally by 4.9% to
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More chips, more products, more revenue as Audinate booms
The tech company looking to revolutionise the AV (audiovisual) space, Audinate Group (ASX: AD8), has today delivered record revenue and EBITDA along with its endeavour to overcome global supply chain issues. Throughout COVID-19, the world came to a standstill during one of the worst supply-chain crises in history. In particular, businesses acquiring semiconductor chips had
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Star Entertainment overcomes regulatory issues with swing back towards profitability
The ongoing impact of COVID on gambling looks to be over for casinos operator Star Entertainment Group (ASX: SGR) which has reported their first profitable half-year since the start of the pandemic as Aussies have been quick to return to the pokies as soon as legally possible. For H2 FY22, Star Entertainment reported normalised net
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Mayfield Childcare profits jump, but no end in sight for childcare educator shortage
In what has to be considered a remarkable result, childcare operator Mayfield Childcare (ASX: MFD) has delivered $3.5 million in net profits despite facing an existential shortage in labour and occupancy rates dropping all over the country as the pandemic toll continues to plague the industry. For the six months ended 30 June 2022, Mayfield
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New stores and digital strategies help Accent Group lift sales over $1 billion in a pandemic-stricken year
At a time when many retailers shut stores due to a loss in foot traffic accentuated by the pandemic, retail footwear company Accent Group (ASX: AX1) has reported FY22 revenue of $1.27 billion, driven by their aggressive strategy around new store openings. A return to retail stores in the back half of the pandemic contributed
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Stockland of plenty – Property giant reports strong results against market forces
Despite a construction industry crisis that affects several sectors that property company Stockland (ASX: SGP) operates in, the diversified project builder has announced a bumper FY22 result underpinned by $1.38 billion in statutory profit. For the full year ended 30 June 2022, Stockland’s $1.38 billion profit represented a 25% increase on FY21. Funds From Operations
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Ai-Media engaged by Google for live transcription in meetings with $7.2m deal
A global provider of technology-driven captioning, transcription and translation services, Ai-Media (ASX: AIM) has signed a three-year agreement with global technology giant Google. The deal represents strategic importance, positioning Ai-Media at an impressive position in the corporate world. Following this deal, the Company will become the lead global provider of premium live captioning and translation
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HT&E maintains top FM radio spot driving advertising sales and share buyback
We may be spending less time in the car, commuting to work, but there’s still plenty of money being made by commercial radio operators with leading media company HT&E (ASX: HT1) maintaining the top position across metropolitan FM radio which has driven a 58% increase in revenue while facilitating a major expansion into regional markets.
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US Government Agency engages XTEK for $2.7m of bulletproof armour
Continuing a hectic few months of purchases with US gun control controversy in the background, defence and armour specialist XTEK (ASX: XTE) have received a $2.7m purchase order from a US Federal Government Agency customer, for products from its HighCom Armour Solutions business. The items requested in the order include thousands of specialist body armour
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Harris Technology launches HT Home as new eCommerce channel for household goods
While they may best be known as a tech retailer that has been servicing Aussie offices for more than 35 years, Harris Technology (ASX: HT8) is expanding into household products with the launch of their new HT Home store to substantially increase their online retail exposure. HT Home is an online store dedicated to the
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Domain Holdings shifts focus to home loans amid growing demand
In its yearly earnings report released today, digital property company Domain Holdings Australia Limited (ASX: DHG) announced a revenue uptick of 23% compared to FY21, reaching $357 million. Most notably, the Company’s home loan arm, Domain Home Loans (DHL) delivered a strong performance, underpinned by 9% underlying revenue growth at Consumer Solutions. As the net
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A round of ap-paws for PharmAust, changing the ruff prognosis for dogs with lymphoma
As I write this there’s a tiny senior chihuahua with half an ear snuggled up on my lap, a jack russell sitting at my feet and a kelpie lounging on the couch. The four leggeds outnumber the humans and I wouldn’t have it any other way. Dogs in all their snuggly, wiggly glory are simply the
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SSH market research spot on as Tru Fleet instantly achieves 80% utilisation of service vehicles
After spending only one month in the market, mining support services provider SSH Group (ASX: SSH) has announced that its fleet-vehicle hire arm Tru Fleet is achieving 80% utilisation of its $5 million worth of site-ready vehicles. Vehicles have been deployed across the Goldfields, Pilbara and the North-West region where SSH is predominantly based. Along
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Aussie seafood reigns superior as Canadian farmers make $1 billion bid for Tassal
Canadian seafood company Cooke is set to acquire Australian fish farming giant Tassal Group Limited (ASX: TGR) for $1.1 billion. The Company has entered into a Scheme Implementation Deed (SID) with Cooke Inc. under which Cooke has agreed to acquire 100% of the ordinary shares in Tassal. Should the bid be successful in securing regulatory
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Prescient Therapeutics sures supply of cell therapeutic in the hopes of commencing clinical trials
During the second World War, scientists noted that soldiers exposed to nitrogen mustard gas developed interesting hematologic pathology with significantly reduced white blood cell counts. Researchers began to wonder if the toxins could stop the growth of rapidly dividing cancer cells. It wasn’t long before American pharmacologists Alfred Gilman and Louis Goodman experimented with mustard
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Don’t discount Tasmania with MyState Bank making big inroads on the mainland
If you’d never heard of MyState Bank (ASX: MYS) before you saw their logo on the Tasmania JackJumpers jersey, you’re not alone. But you could soon be one of the many mainlanders turning to the Tassie-based bank which is writing an increasing number of home loans north of the Apple Isle. For the bank which
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The company making it possible to cultivate in any environment
Globally, exhausted soils and rising crop prices have driven scientists to discover methods of cultivating food with as few resources as possible and even in the harshest environments. In particular, the Middle East and Dubai have seen a significant boom since the 1960s, from what used to be a small collection of settlements to an
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Institutional investors back Novatti to expand payments ecosystem with $10.5m in funding
Fresh from reporting a bumper June quarter result which rounded out their FY22 with a 97% increase in revenue to $32.5 million, digital payments company Novatti Group (ASX: NOV) may have something even bigger brewing having just secured $10.5m in funding by leveraging their assets to issue a bond. While other listed companies tend to
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Is this REIT taking advantage of US college goers, or just fulfilling basic supply and demand?
Going to an American college seems like fun and games in the movies, but the real world is a little bit different. The American dream of a college education costs money, and a lot of it. Tuition fees average over USD $38,000 per year for private colleges, and between USD$10,700 and $27,500 for public colleges…
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My Food Bag sees slump after strong Covid performance
Meal kit delivery service My Food Bag Group (ASX: MFB) is witnessing a slower than expected start to trading in FY23 with meal kit deliveries down 4% in July compared to last year. At the same time, the number of customers have returned to similar levels to 73,145 (in line with the end of July
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Baby Bunting delivers bumper results with expansion in NZ and online channels to come
Aussies may be tightening the household budget amid rising cost-of-living expenses but when it comes to retail spending, there’s one area that families are happiest to spend on – babies. It’s also why retailer Baby Bunting (ASX: BBN) has bucked the retail trend with another bumper result. For the 52 weeks ended 26 June 2022
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More patents! Archer Materials adds Hong Kong to the list
Almost a year since their US patent was granted, Archer Materials (ASX: AXE) has added yet another patent to their portfolio, this time, in Hong Kong. The new patent represents another major milestone, protecting Archer’s IP in the world’s second largest economy. Already granted a patent in China, the Hong Kong patent validates Archer’s tech
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xReality to launch new VR gaming venue on Cavill Avenue in time for summer holidays
Virtual reality tech company xReality Group (ASX: XRG) is set to open its fifth FREAK Entertainment gaming venue with their newest addition to be located in Surfers Paradise on Cavill Avenue, one of the biggest tourist hot spots on Gold Coast, just in time for the busy holiday season. Opening in December 2022, FREAK on
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eCargo dumps most profitable asset
Just months after announcing their first ever profitable year, eCommerce middleman eCargo Holdings (ASX: ECG), which connects Chinese companies to global brands to grow sales, has announced today the sale of its only profitable business – Amblique. eCargo, trading on the ASX with a market cap around $10m, works by providing a complete set of
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Space Florida grants $408k to Mobilicom under aerospace innovation program
Following the completion of the first Space Florida innovation program, high tech manufacturing company Mobilicom (ASX: MOB) has been awarded a new $408,000 research and development grant by Space Florida. The grant is for the development of triple link redundancy communications to improve the operation of unmanned platforms, addressing US drone regulations. This would also
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Qantas CEO’s egged on by Rex as feud gets personal?
I thought the ‘Other Costs & Expenses Excluding Fuel’ figure was a bit high in Rex’s (ASX: REX) half year results. Turns out that a portion of that $146.5 million has gone towards purchasing eggs, and not to add to their inflight meals. A hooded Rex board member slinked onto Qantas CEO Alan Joyce’s property
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FDA deferral the latest of woes for A2 Milk as class action pasteurises
The FDA has deferred further consideration of one of Australia’s top dairy producers A2 Milk’s (ASX: A2M) request to import infant milk formula (IMF) into the United States. Though the application has not been rejected, it is also not close to being approved. Since February 2022, the US has been facing an acute shortage of
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This article is like The Magic School Bus
CF33-hNIS-antiPDL1. *moves mouse to x button to close tab* “But wait!” your writer screams from the page, “I promise it’s interesting!” Whilst I may not have the teaching prowess of Ms Frizzle, I implore you to stick around, because Imugene’s (ASX: IMU) immuno-oncology stuff is really interesting once you wrap your head around it. The
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iSelect receives takeover offer as online comparisons market no longer what it was
If you’re one of the 1.6 million Australians that has used online price comparison website iSelect (ASX: ISU) to compare utility prices, phone plans or insurance quotes – you’re about to have your personal details sold, with the Company having received an offer from their largest competitor to acquire all shares at an 87% premium.
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Getting taken for a Jayride, as airport rideshare looks for growth
If you’re anything like me, you probably have all the ride-sharing apps downloaded to your phone because you’re the type of person to get upset if you overpay even a few dollars for a short trip when you could’ve gotten it cheaper. This bargain-hunting behaviour comes into play and shines the most when travelling, especially
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More businesses turning to Reckon for cloud-based business solutions as customer numbers keep rising
With the increasing transition towards business administration being fully digital, more SMEs are turning to business tech company Reckon (ASX: RKN) which is expanding its platform solutions that are now used by more than 117,000 SME customers. The operational highlight for Reckon was their $100m asset sale of a subsidiary business, that has no impact
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REA Group profits rise 25% as low unemployment and pandemic savings keep property buyers interested
Despite property prices being in a state of volatility amid rising interest rates, that hasn’t halted real estate tech company REA Group (ASX: REA) which reported 26% revenue growth to $1,170 million for FY22 and $408m net profit, a 25% increase. REA largely credits the acquisitions of REA India and Mortgage Choice for their revenue
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Expanding beyond scaffolding, Acrow enters into Jump Forms with immediate contract wins
Best known in construction circles as one of the longest operating providers of scaffolding and scaffolding services, Acrow Formwork and Construction Services (ASX: ACF) is set to embark into the lucrative world of Jump Forms where they have hit the ground running with two immediate contract wins. While scaffolding has long been the most reliable
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Megaport positioning themselves for a profitable future, cuts 35 staff
Telecommunications infrastructure company Megaport (ASX MP1), has announced their full-year results today along with updating the market on their struggles with inflation. To deal with these macroeconomic issues, Megaport management recently made the decision to lay off a total 35 positions across its business. To remove liability, the Company paid out a total of $1.6
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MVP eyes increased global distribution of Penthrox green whistle after raising $20m
Medical device company Medical Developments International (ASX:MVP) has successfully raised $20 million from institutional investors as part of their plans to raise a total of $30 million to fund global expansion plans for its flagship non-opioid painkiller, Penthrox (aka the Green Whistle). Capital raised at the Offer Price of $2.00 per share will be used to
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Booktopia eyes fresh start with new fulfilment centre, forewarns asset write downs
Although corporate turmoil has plagued Booktopia (ASX: BKG) over the past 12 months, with 90% of the company valuation slashed, there may soon be some light at the end of the tunnel with the books retailer set to start fresh at a new distribution facility. The move, which will only be down the road from
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Acrux’s generic cold sore cream accepted for review by FDA, set to disrupt Zovirax
With today’s insane cost of living, if there’s a cheaper option to something you best believe I’m picking it. I am all about home brand cheese and ibuprofen sans shiny box. Pharmaceutical company Acrux (ASX: ACR) gets it, having lodged an application with the US Food and Drug Administration (FDA) for review of their generic
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Aptar Pharma pulls the $7m trigger, recognising potential of Pharmaxis inhaler
Aptar Pharma has deemed now the perfect time to exercise their option to purchase an inventive piece of Pharmaxis’ (ASX: PXS) technology. In August, 2021 Aptar signed an exclusive option agreement to Pharmaxis’ “Orbital” technology, handing over USD $250,000. Now, a little under a year later, Aptar is deploying USD $2.5 million to exercise the
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Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt
Four months since appointing receivers to untangle the mess of a business created by Buddy Technologies (ASX: BUD), receivers have found one asset of value to sell off but that won’t come even remotely close to paying off debts owed by the tech company which has been suspended by the ASX since April 2022 following
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Allegra’s 3D printed bone replacement proves safe for animals
Medical equipment manufacturing company Allegra Orthopaedics (ASX: AMT) reveals further evidence of safety of its bone regeneration device after completing a large animal study. The animal study was undertaken at SAHMRI-PIRL (South Australian Health and Medical Research Institute – Preclinical, Imaging and Research Laboratories) under good laboratory practice (GLP) conditions. The research has now progressed
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Getting things from A to B isn’t as simple as it seems, until Yojee gets involved
I recently bought a gorgeous coat from an American website. This thing has travelled the world, having been made in Italy before making its way to some warehouse in the States and finally, to protect me from the Melbourne cold. When you think about it, the air miles on this thing are insane. Aside from
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Revasum makes leadership change amid cash flow struggles and semiconductor shipping delays
Although there is a global shortage in their products, semiconductor tech company Revasum (ASX: RVS) continues to be plagued by cash flow problems despite delivering a 60% increase in revenue with their struggles being attributed to supply chain problems. The Company revealed a revenue uptick from USD $7.4 million for the half year ended 30
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NASDAQ biotech stocks have taken a hit, but this little Aussie biotech is quietly confident
Clinical stage pharmaceutical company, Pharmaxis (ASX: PXS) has spent the quarter waiting and watching. As clinical trials on their lead asset progress, and others begin to take shape, the Company has been focussed on strengthening their position as a global leader in fibrotic conditions. CEO Gary Phillips attended the BIO conference in San Diego, USA
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Propel taps into booming pet funerals demand with crematorium acquisitions
Death care services provider Propel Funeral Partners (ASX: PFP) has announced the acquisition of two businesses, Community Funerals and Cremation for Pets. The latter acquisition marks Propel’s foray into a new market, that of pet funerals. Every year, Cremation for Pets conducts up to 400 pet funerals. It’s a booming market, with the pet cremation
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TruScreen establishes cervical screening centre in Mexico to improve early diagnosis
Honestly, there’s very little reason to leave Australia. We literally have it all: snow capped mountains, white sandy beaches, awesome cities, excellent coffee and the pièce de résistance – universal healthcare. Our healthcare system isn’t perfect by any means, but when you look at other countries, we have a lot to be grateful for with
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Emerge Gaming returning value to investors with latest agreement with MTN Arena
E-sports and gaming technology company Emerge Gaming (ASX: EM1) has announced that African telecommunications Company MTN Arena (JSE: MTN) has invested yet again in Emerge as the Company attempts to move away from the Miggster mess which saw the company stuck in a prolonged trading halt earlier this year. The investment by MTN, which is
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Rex gives Qantas a taste of their own medicine, and hypocrisy…
If you’re a regular reader, by now you’d be well aware of the rivalry between Regional Express Holdings (ASX: REX) and Qantas (ASX: QAN) because let’s be honest, I report on it nearly weekly. It’s almost worthy of its own column (editor, take note). In this week’s installment, we discuss Rex’s most recent dig at
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Lumos to stem the haemorrhaging by shutting down Florida manufacturing facility
Cash, it’s the lifeblood of any business and while their specialty in early stage disease diagnosis, Lumos Diagnostics (ASX: LDX) has finally applied the same thinking to their business having identified unsalvageable cash burn, prompting the closure of their Florida manufacturing facility. Although the US healthcare market is the world’s most lucrative, Lumos will cease
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McDonald’s commit to Plexure’s customer engagement and loyalty tech with 5-year extension
If you’ve ever wondered how McDonald’s knows what your favourite Maccas order is, it’s because of their investment into customer engagement and part of that is thanks to tech company Plexure (ASX/NZX: PX1) which has entered into a new 5-year deal to remind its customers how much they love chicken nuggets. The 5-year agreement continues
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Global Health’s refreshed healthcare data management system bags them a valuable contract
Take it from someone who used to work in the space, health care data management systems leave a lot to be desired. Most are old, clunky and cumbersome, and still come at a premium. Global Health (ASX: GLH) is looking to change that with their suite of healthcare software applications, all designed to connect clinicians
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Apiam expands commitment to racing industry with naming sponsorship of Bendigo Racecourse
Better Loosen Up, Hyperno, Ortensia, Santa Ana Lane, the list goes on. Within racing circles, Bendigo Racecourse is commonly referred to as the Nursery of Champions due to the amount of legends that have started their careers at the famous track now named Apiam Bendigo Racecourse with Apiam Animal Health (ASX: AHX) furthering their commitment
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Novatti delivers 97% revenue growth as digital payments ecosystem builds momentum
Despite doom and gloom heaped upon the tech sector in recent months, digital payments company Novatti Group (ASX: NOV) has emerged as a shining light with major growth witnessed over the past 12 months that has seen their revenue rise 97% to $32.5 million. Although Novatti may not be a household name yet, the Company
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Rocky road ahead with embattled healthy fast food company Oliver’s under “extreme pressure”
If the tunes are on, the dog’s in the back and the windows are down, it’s no ordinary commute. This is a road trip. And, when on a road trip, one must respect the time honoured tradition of the servo stop, which often means food. I grapple with the choice between a decadent salted caramel
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NSX preparing to raise capital for Saudi Arabia expansion amid ASX leadership stumbles
Although they may be regarded as the unfashionable sibling to their more flashy ASX counterpart, the National Stock Exchange (ASX: NSX) can hold their head up high knowing they haven’t had half their Executive team resign over the past six months and they’ll probably reference that when they raise capital for expansion into Saudi Arabia.
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Online shoppers want same-day delivery as evidenced by Zoom2u’s 63% jump in revenue
Australian shoppers are impatient and that impatience is increasing. It’s why delivery tech company Zoom2u Technologies (ASX: Z2U) continues to gather momentum for its same-day delivery services as more retailers engage the service as an option for their customers to receive their online purchases in record time because it seems that express post just isn’t
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More AI products to be launched soon as Crowd Media report positive FY22 cash flow
One week on since launching two AI-powered consumer products, artificial intelligence company Crowd Media (ASX: CM8) has their sights on more as the Company progresses through its growth phase where they have generated positive cash flow for the financial year. Although that positive operating cash number is only $21k from $6.4 million in customer receipts
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Rex to pursue FIFO opportunities with new acquisition. Could their spat with Qantas be coming in to land?
After vehemently accusing Qantas (ASX: QAN) of anti competitive behaviour, Regional Express Airlines (ASX: REX) have lodged their own competitive bid. The Company is intent on acquiring National Jet Express, the regional division of Cobham Services Australia. National Jet Express is a key provider of Fly-In, Fly-Out services to Western Australian and South Australian workers.
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IDX revenue remains steady despite ongoing spicy flu woes
As one of Australia’s leading providers of medical imaging and diagnostic services, Integral Diagnostics (ASX: IDX) plays a vital role in supporting clinicians to provide optimal treatment for their patients. With 67 radiology clinics under their umbrella, IDX is a prominent provider of radiology services to multiple communities across Western Victoria, Queensland, Western Australia and
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Eco-friendly Fibre Company Locking in Solid Results
Australian-based bio-materials technology Company Nanollose (ASX: NC6) has announced its quarterly results today, as a show of its advancements in the textile industry and its revolutionary development of eco-friendly material. Nanollose has spent the last few years attempting to penetrate the $500 billion textile industry by developing eco-friendly processes to grow cellulose fibres from waste
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Why this Tasmanian whisky brand had a record sales quarter
I’m here to break the stereotype that whisky is a man’s drink, because ladies- a whisky over ice absolutely SLAPS. I’d highly recommend grabbing a bottle of Lark’s (ASX: LRK) Tasmanian single malt whisky and giving it a go instead of your usual glass of red. Trust me. Nominated as one of the top fourRead MorePublic
4DMedical gains momentum as commercialisation gets underway
Unfortunately, COVID seems to be here to stay, with re-infections becoming the new norm, and people dropping like flies. (I, of course, being of superior birth, am yet to contract the spicy flu, but time will tell.) The pandemic saw growth in a few industries like eCommerce, however an interesting subset of pandemic profiteers emerged,
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After 15-month suspension, DomaCom eyes re-listing on ASX with $134 million FUM
For shareholders of fractional investment company DomaCom (ASX: DCL), it’s been a difficult FY22 which has thankfully come to an end given the Company’s 10-day voluntary suspension ultimately turned in a year-long ordeal but with a new financial year upon us, the Company is hopeful of finally re-listing alongside the release of their FY23 strategic
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PlaySide Studios launches publishing house for indie game developers
Australia’s largest video game developer, PlaySide Studios (ASX: PLY), has launched its third-party publishing division today to enable independent (aka ‘indie’) PC and Console game developers globally to create and launch their video games. “We are thrilled to introduce our publishing division and provide best practice and support indie game developers bringing their games to
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Harris Technology to launch HT Home with diversification into household goods
While their brand is synonymous as one of Australia’s most trusted tech retailers over the past 30 years, online retailer Harris Technology (ASX: HT8) will soon be expanding into a range of household products with plans to launch a new HT Home division. The launch of the new division comes following Harris Technology’s record FY22
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Austal strengthens relationship with US Navy with demand for ships set to surge
Amidst the banks, biotechs and myriad of other businesses is boatbuilder Austal (ASX: ASB). The global shipbuilder designs and constructs commercial and defence ships for varying purposes. For 30 years, the Company has been producing vessels for over 100 operators across 54 countries, earning them a reputation as innovators in the niche field of shipbuilding,
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Spacetalk culls 15% of workforce as shareholders seek to oust CEO despite sales momentum
Child safety technology company Spacetalk (ASX: SPA) has taken the prudent approach of axing 15% of their workforce in an effort to reach their operational break even target sooner, despite sales momentum of their wearable smartwatches for children continuing to grow. For the quarter ended 30 June 2022, Spacetalk reported $4.1 million in revenue which
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Regeneus begins to etch pathway to drug commercialisation, exuding confidence in their tech
Modern medicine is akin to magic, a notion exemplified when looking at the regenerative power of stem cells. Whilst we’ve barely scraped the surface of what these powerful cells can do, regenerative medicine holds promise as a “magic fix” for many an ailment. Clinical stage regenerative medicine company Regeneus (ASX: RGS) is working to develop
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Silk Contract Logistics expands operations nationwide
Getting goods to consumers from the other side of the planet depends on reliable logistics to reduce time and costs, ensuring customer satisfaction. Logistic companies have been struggling to manoeuvre through the recent COVID-19 supply chain crisis that is still going on to this day. For the last few years the world has had to
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ANZ Retail Entitlement Offer – What are your options?
If you’re an ANZ shareholder you may be wondering about the recent entitlement offer and what it means for you. ANZ is essentially issuing new shares at $18.90 per share as a way of funding their acquisition of Suncorp’s banking division. If you were an eligible ANZ shareholder, holding ANZ shares at 7:00 PM onRead MorePublic
Not getting enough shut eye? Medibio opens new trial looking at sleep disturbances and mental health factors
(Not so) fun fact for your Thursday morning: sleep deprivation was (and I’m sure, still is) used as a form of torture. One of the “enhanced interrogation techniques” the CIA used in the wake of the 9/11 terrorist attacks was just that. Lack of sleep disrupts biological functions deep in the brain. Whilst not as
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Crowd Media launches children’s entertainment app Bedtime Stories with AI-generated storyteller
Parents around the world will soon have a handy new app to keep their children entertained for hours-on-end thanks to artificial intelligence company Crowd Media (ASX: CM8) which has confirmed the launch of their Bedtime Stories application. Families of Portugal and the United Arab Emirates will be the first to gain access to Bedtime StoriesRead MorePublic
Plenti of Aussies still taking out online loans despite interest rate hikes
Interest rate rises are expected to continue dominating national headlines for the months ahead but this hasn’t stopped Aussie borrowing behaviour as witnessed by neolender Plenti Group (ASX: PLT) which issued 11% more loans through the June quarter than the March quarter. Where prior corresponding period metrics tend to be the ones reported the most,
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Industrial sales surge as Coventry Group directors walk the talk, buying on-market
Despite a construction crisis making its way through national headlines, there are no such crises in the industrial sector as evidenced by supplies company Coventry Group (ASX: CYG) which is going from strength-to-strength with rising sales and their eyes set on acquisition targets. Confirming their unaudited results for the full year, Coventry Group expects FY22
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Capitalising on influencer generation, SILK Laser Clinics acquires 5 locations in Victoria
Victorians unhappy with their physical appearance may soon find themselves perusing non-surgical aesthetic options at one of SILK Laser Clinics’ (ASX: SLA) newest locations after the roll-up operator acquired five new clinics. With the acquired Unique Laser clinics located in Ballarat, Doncaster, Geelong, Torquay and Waurn Ponds, it takes SILK’s nationwide network to 128 clinics
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Why this artificial intelligence company is locked in on the ‘S’ word that will drive margins
If you look at the most successful tech companies over the past 20 years, they all have one fundamental element in common – their ability to scale quickly. It’s the underlying principle that saw Facebook explode when users flooded to create accounts, Apple (via iTunes) soared when music turned digital, and most recently TikTok emerged
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Never give up: Perenti lands $10m cash settlement 18 years after West Africa property fire
It’s often said that the wheels of justice churn slowly but 18 years on from neighbouring property catching fire, mining services company Perenti (ASX: PRN) has finally ended the long running legal saga, securing a $10 million settlement. The damages relate to a property owned by Perenti, which rebranded from Ausdrill in 2019, in West
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Michael Hill bucks retail trend as interest rates appear to have no impact on jewellery spending
Despite concerns about the rising interest rates and cost of living, that somehow hasn’t stopped Australians buying jewellery as Michael Hill International (ASX: MHJ) has bucked the retail sector trend with rising revenue and stronger margins. The June quarter was expected to be the one hardest hit for retailers with consumer confidence at its lowest
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Jumbo Interactive shares crunched with price hike looming after CEO sell down
When it comes to gambling in Australia, punters have a plethora of service providers to assist them with their bets across lottery, sports, racing or even pokies. Such a lucrative market for providers regularly leads to a battle for market share, one that is changing tides against online lottery company, Jumbo Interactive (ASX: JIN). The
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Complii Fintech revenues surge with move to become one-stop-shop for listed companies
Complii Fintech (ASX: CF1) has continued its rapid progression towards becoming a one-stop-shop for ASX-listed companies that can handle all facets of regulatory compliance and capital raising with their busy year being capped off by a 406% surge in revenue. For the year ended 30 June 2022, Complii generated $9.05 million in revenue receipts from
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This small cap biotech is working with Professor Fiona Wood to unscar skin scars, and mainstream media is taking note
At eight years old, Ben Smith was involved in an accident leaving him with severe burns to 55% of his body. Whilst the event itself is now 20 years in the past, Ben is reminded of it every day thanks to the scars left behind. Tissue scarring is a vital part of wound healing. However,Read MorePublic
Earnings crunched for KMD Brands without $40m in Jobkeeper payments
One of the surefire signs winter is here is when city slickers don their puffer jackets where social-desirability invariably leads to more jacket sales, but as KMD Brands (ASX: KMD) has found, that’s reliant on said Kathmandu jackets being out in public view. With less public foot traffic in response to the pandemic, earnings have
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Property group in the works to expand off the mainland
As covid has made us all consider whether we want to be surrounded by either concrete trees or the pristine nature of the wilderness, many have taken it upon themselves to move as far away from civilization as possible to live out the rest of their lives somewhere more peaceful and wholesome. As a result,
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Selfwealth cashes in on rising interest rates as investors leave cash balances on platform
Although low-cost trading platform SelfWealth (ASX: SWF) has seen customers reduce their online trading activity, many opting for rival platforms that are even cheaper, there is a silver lining amid rising interest rates where the Company is accruing more revenue as interest through the $736 million they hold as cash on behalf of their customers.
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Aquis grinning with strongest hand as bidders up stakes in Canberra Casino play
If you are sitting at a poker table, Tony Fung is the chip leader with pocket aces that just checked on the river. As the majority shareholder, he’s stoked to see Aquis Entertainment (ASX: AQS) throw away $1 million to secure much more by accepting a rival offer for Canberra Casino where a new buyer
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Pandemic screen time and the looming eye health crisis
“A looming eye health crisis” – these are the words used to describe the situation many Aussies will face if adequate investment is not made over the next five years, according to the peak professional body for optometrists in Australia. Optometry Australia is calling on the nation’s major political parties to take vision problems more
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False positives: Lumos shares slaughtered as FDA knocks back application for viral infection test kits
While small cap shareholders have become accustomed to major share price gains once a medtech or biotech receives FDA approval to commercialise their products, it’s not all sunshine and rainbows on the FDA horizon as Lumos Diagnostics (ASX: LDX) has found, following the rejection of their FebriDx test kits. As a rapid diagnostic test that
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Adult education driving record edutech sales for Janison but earnings lag
Like how learning is often compared to the process of osmosis, education tech company Janison Education Group (ASX: JAN) is dispersing its way into some well known adult education institutions with several enterprise contract wins leading to the company setting new revenue records in FY22. Enterprise clients remain the softest target for Janison where online
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Althea Group delivering record year following expansion into global markets
The cheers of the cannabis industry can be heard loud and clear as the demand for the plant continues to prop up their profits. The last few years have been huge for the industry as companies attempt to strengthen earnings by out-scaling competitors. One company hoping to come out on top is Althea Group (ASX:
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Neurotech reports clinical trial results for world first Autism Spectrum Disorder drug
Autism Spectrum Disorder (ASD) affects 1 in 150 Australians. Boys are 4 times more likely to have it than girls, and symptoms are noticeable at around 2-3 years of age. According to the Australian Institute of Health and Welfare, the number of people with ASD in Australia is increasing, providing an impetus for biopharmaceutical company
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Nova Eye Health sees immediate sales of glaucoma surgery device following regulatory approvals
With improvements in allied healthcare, the 134 million people worldwide diagnosed with glaucoma is likely to increase with better diagnostics, but also ensure earlier detection which can be treated sooner as evidenced by medtech company Nova Eye Medical (ASX: EYE) and rising sales of their advanced ophthalmic treatment technologies and devices. As the developers and
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Illustrious businessman C.M. Burns did NOT invent Pushpay
“Fine” said Mr Burns as he emptied his wallet, sending cash and credit cards tumbling into the money basket of Springfield Church. Usually a shyster of the first order, Burns felt that this was the only reasonable course of action after having been repeatedly prodded and pushed with the basket. His fellow churchgoers, having already
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Better Beer on the move as Mighty Craft strikes NZ distribution deal for zero-carb goodness
An Australian beer rapidly rising in popularity as a low-carb alternative is set to be launched in New Zealand with alcoholic drinks brewer Mighty Craft (ASX: MCL) entering into an agreement with DB Breweries to distribute Better Beer in New Zealand. The binding agreement will see the zero-carb, zero-sugar and low-calorie beer initially imported into
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Burgundy is reviving the ultra luxury diamond experience, sans McConaughey
I’m not one for opulence. I genuinely can’t see myself paying thousands of dollars for a designer bag, or putting a house deposit amount into a car. I’ve always said I’d be happy with an engagement ring made out of tin foil, or even a cable tie… but even I am not immune to the
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With global talent on the move, Xref delivers record sales
As the world resumes its international border reopenings, global organisations have been quick to tap back into the overseas labour market which has contributed to recruitment tech company Xref (ASX: XF1) achieving $21 million in sales to set a new record. Sales have primarily been for its digital reference checking and verification services which automate
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RocketBoots accelerates its launch of Beehive with Suncorp contract extension
Software company RocketBoots (ASX: ROC) has extended its multi-year contract with Suncorp Group Ltd (ASX: SUN) for an additional two years until 2025 after proving the success of their flagship software product Beehive. The contract was initially lined up to last 12 months, starting on 16 March 2022, when Suncorp approached RocketBoots to deploy its
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Genetic Technologies expands prenatal testing kits to Europe as abortion debate rages
Expectant parents in Europe will soon have access to leading prenatal testing kits that are widely utilised in Australia to diagnose a range of life quality impacting diseases, including Down Syndrome, courtesy of biotech company Genetic Technologies (ASX: GTG) expanding their test kit distribution into Europe. Mothers-to-be typically perform a Non-Invasive Prenatal Test (NIPT) any
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More blue chip deals as SRG Global awarded contracts from Fortescue and Visy
When it comes to construction, rising raw material expenses have plenty of builders under pressure but engineering company SRG Global (ASX: SRG) seems to have found a somewhat simple solution to the industry pressure – just work for those with bottomless cheque books. Ok, it might not be as simple as it sounds but that
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Bubs expands further in US with new distribution agreements for second formula import
It’s hard to believe that in 2022 food security in America would be an issue, but for thousands of parents, feeding their babies is a daily struggle. The US baby formula crisis was the perfect storm of a monopolised market, a serious food recall and a sloppy government response. The story in a nutshell? Major
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HITIQ to collaborate with Shock Doctor for boil-and-bite concussion tracking mouthguards
As the debate over concussions in sport rages across the professional level, it’s flow on impact at the community level is one that sports tech company HITIQ (ASX: HIQ) foresees in the immediate future, as they set to increase their retail sales exposure through a collaboration with mouthguards manufacturer Shock Doctor. Those of us that
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Simble revenues rising with push towards Net Zero carbon tracker
Capitalising on the global push towards carbon net zero initiatives, sustainability tech company Simble Solutions (ASX: SIS) is growing its sales pipeline through its big push of energy tracking software that can assist offices to reduce their carbon footprint, and even reach Net Zero. The sales are coming courtesy of sales initiatives in Australia and
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ECS penetrates New Zealand market with latest shipment to Nubu
The budding cannabis market in New Zealand continues to flourish as more Kiwis seek an alternative to standard pharmaceutical drugs. Now, just because trends are shifting doesn’t mean it is easier for patients to gain access to cannabis medication. To open up the world of cannabis therapy, New Zealand’s largest cannabis wholesaler is creating a
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Fastest growing allied health group welcomes 16 new Partners
As Australia’s fastest growing allied health portfolio, Healthia (ASX: HLA) has been rapidly expanding its network of podiatry, physiotherapy and optometry clinics which have seen the promotion of 16 new Partners under their unique ownership model. Hosted at the Hilton in Brisbane and with existing Partners in attendance, Healthia welcomed 16 new members of their
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Ingenia delivers despite challenges, holiday business bounces back
My bag is packed, I’ve organised someone to look after the dog and I’ve already checked in for my flights online…I am well and truly READY to get the hell out of dodge this weekend for my first vacation in god knows how long. In recent years, the pesky pandemic has hindered many Aussies from
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Novatti eyes blockchain partners following US tour to promote AUDD at top crypto conference
Like all things blockchain-related, fintech company Novatti Group (ASX: NOV) has moved very quickly to expand its digital payments ecosystem, which may soon involve more pairings and networks for their compliant and secure AUDD stablecoin. Attending the Consensus 2022 conference in Austin, Texas, Novatti’s blockchain payments team was on full show at the 4-day event,
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Cobram to drizzle 9.5 million litres of olive oil over dishes across Australia after exceptional harvest yield
Chances are you have a bottle of it in your pantry, or drizzled it over the salad that accompanied last night’s dinner, but you probably didn’t know that Cobram Estate Olives (ASX: CBO) is a listed company, with a market cap of $609 million…. Apparently olives are big business. With over 2.4 million olive trees
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There are no scorpions involved in this company’s latest cancer drug
Most company announcements include a one paragraph summary of the business conveniently located at the bottom of the page. Chimeric Therapeutics (ASX: CHM) however, has a one page run down of their business, a clear sign that they work with complex scientific principles and diseases. Whilst investors might initially shy away from the wall of
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AML3D engaged by ExxonMobil for 3D printed machinery
As the world continues advancing new applications for 3D printing as a more sustainable means of manufacturing, metals tech company AML3D (ASX: AL3) has been engaged by one of the world’s largest oil and gas companies for 3D printed commercial machinery. The engagement comes from ExxonMobil Asia Pacific which has contracted AML3D to create the
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Fibrosis is the simple disease process that’s more important than you think
How does a company with a lead asset cancer drug also get into dermatology? What does blood cancer and keloid scars have in common? The answer is: fibrosis. Fibrosis is another word for scarring. It is the key in the process of healing where connective tissue replaces normal tissue to form scar tissue. It’s how
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BWX is having their own kind of EOFY sale, but it’s not for skin care, its for their shares
The global skincare and beauty market is unquantifiably huge. Within that, the natural beauty and wellness sub category is emerging and gaining more and more traction as consumers seek to reduce their impact on the environment and incorporate more natural ingredients in their skincare routine. With influencers touting their favourite products and other clever marketing
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iCollege thrives as international students return, launching new gaming degrees
While locked up at home throughout the pandemic, the acceleration of online gaming has been a major boon for the game development community which contributed to the rise in demand for labour and just one of the reasons education provider iCollege (ASX: ICT) has been approved to launch new degrees to meet surging demand for
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Frugal shoppers turn to frugl for better deals on lettuce
Lettuce is the new lobster. What was once the blasé addition to a McChicken is now as rare as hen’s teeth, and if you can get it, expect to pay. The same goes for numerous grocery essentials thanks to inflationary pressure, COVID related supply issues and the Ukraine situation. As we see an increasing portion
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Optiscan to expands distribution throughout China for tumour detection microscope
With increasing health awareness across China, medtech company Optiscan (ASX: OIL) is set to increase the exposure of their in vivo microscopic imaging camera which can be thread through the human body for use in cancer detection and surgery. The increased exposure will come through a freshly inked distribution partnership with biotech company Sinsi Technology
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This medtech company might be on life support but it’s elderly customers can avoid such fate
Access to healthcare is a given in Australia if you live in a big city. Still, remote living is much more burdensome for our rural neighbours if you have a disability or plan to spend your senior years far away from any civilisation. To make it possible for people to live out their tree change
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Move out of the whey, Wide Open Agriculture’s new plant based protein to replace dairy based protein shakes
Many a gym junkie has swapped their whey protein for a plant based alternative. Early iterations of vegan protein powder honestly tasted like dust, but a surge in consumer demand has seen the rapid development of hundreds of formulations lining the shelves of nutrition supplement and health food stores. Worth a whopping USD $5.35 billion
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X2M expands IoT services in South Korea to be servicing 4,000 households in Okcheon County
Gone are the days of meter checkers walking around your garden to record your power and water usage with the Internet-of-Things (IoT) now making rampant progress to automate such laborious jobs. As one of the world’s most advanced nations, it should come as no surprise that South Korea is leading the way with Aussie tech
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Apiam acquires leading vet clinic in major Victorian growth corridor
Just days after successfully raising $20m from investors keen for a slice of Apiam Animal Health (ASX: AHX) and their rapidly growing business, the vet clinic operator has secured a prized asset in one of Victoria’s fastest growing regions located just 40km north of the CBD. The Vet Practice is a full-service companion animal clinic
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Microba launches gut health test for clinicians, expanding their B2B business
Eat Maccas for dinner three nights in a row and I guarantee you won’t feel too flash. Replace your deep fried goodies from the golden arches with a quinoa salad and your body will thank you. The effects may be due to the link between our health and gut microbiome which is determined by what
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Biggest contract in company history, archTIS land $7m cybersecurity DoD contract
Gearing up for more sophisticated cyber attacks in the years to come, Australia’s Department of Defence has beefed up their preventative measures by engaging cybersecurity company archTIS (ASX: AR9) on a 2-year deal. The contract is an extension of existing services archTIS provides the DOD but as a $7.03m deal over those two years, it
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Bod unveils its latest launch of cannabis treatment
Changes in regulation surrounding marijuana have sprouted a robust medical cannabis market showing no signs of slowing down globally. Currently, the U.S. dominates the cannabis market where the majority of States started adopting the new trend for cannabis treatment in 2012. Australia has been late to the game; we only began easing laws in early
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Last man standing, Humm Majority Directors stand down after failed sale of BNPL division
As a drama positioning itself as Season 2 of a potential Netflix series on ASX-listed controversy, the boardroom warfare between Humm (ASX: HUM) directors is nearing an end with its Majority Directors all tendering their resignation, leaving Andrew Abercrombie as the sole member, following the failure of its sale to Latitude Financial (ASX: LFS). FollowingRead MorePublic
The retailer you don’t want to write off this End of Financial Year sales season
Happy EOFYS folks! It’s tax time come the unofficial retail holiday since being expertly advertised by Foxtel back in 2009. Despite inflationary pressures and rising interest rates forcing many to cut back on discretionary spending, Australians are still expected to spend a whopping $8.8 billion on End of Financial Year sales with a large majority
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Apiam successfully raises $20m as investors back ambitious regional expansion
Despite market volatility plaguing the market, investors have continued to be supportive of regional vet clinic operator Apiam Animal Health (ASX: AHX) which successfully raised $20.25 million from shareholders keen on the Company’s defensive performance where its animal healthcare services have proven resilient during COVID-19 and with current market forces. While the global market has
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Arovella is helping insomnia sufferers get some shut eye
You know those nights. The ones where you toss and turn, where it’s too hot, or too cold. The ones where you count sheep, stare at the ceiling, and eventually abandon your attempt at sleep to go eat cheese out of the bag at midnight (just admit it, we all do it). Some have these
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ACCC and FIRB clear Reckon’s $100m sale to focus on its rapidly growing software business
All regulatory hurdles have now been cleared for accounting software company Reckon (ASX: RKN) to proceed with the sale of its practice management business, clearing the path to focus on its cloud-based tech whose customer base is rapidly expanding. Due to the value of the sale of Reckon’s Accountants Practice Management Group (APMG) which is
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Food Revolution Group squeezes the day, expanding their juice range and distribution
With cafe outings becoming less and less frequent lately due to the tightening of purse strings, I am genuinely craving some freshly squeezed orange juice. The next best thing is from the juice aisle in the supermarket where shoppers will find The Original Juice Company’s Black Label juices, easily recognisable and a staple in the
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Million dollar smiles unfazed by inflation as Southern Dental issues revenue upgrade
Cost of living expenses may be rising through the roof but that hasn’t stopped people spending to look good with dental products company Southern Dental (ASX: SDI) announcing they are expecting a 16% increase on sales for FY22 to $95 million. Southern Dental produces a range of dental products that are manufactured in Melbourne that
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Shoppers return gives Retail Food Group a boost despite class action brewing
“Oooh is that a free spot?” “Are these people leaving or arriving?” These are the mutterings of many a shopper as they negotiate the parking situation at their local shopping centre lately, and it’s music to the ears of retailers. Despite COVID accelerating ecommerce and online shopping, people are still flocking to shopping centres to
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Sports analytics firm backs PointsBet quantitative modelling, follows $94m investment
Despite global markets being on edge amid interest rate rises, sportsbetting company PointsBet (ASX: PBH) has strengthened its balance sheet with a $94 million investment from Sports Investments Corp (SIG Sports) which will see the bookmaker accelerate its quantitative analytics capabilities. The $94.16 million investment comes in the form of a Private Placement to SIG
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Humm and Latitude call off sale despite BNPL woes as rogue Director outmuscles Board
In a remarkable series of events headed by one rogue Director, the proposed $335 million sale of Humm’s (ASX: HUM) buy-now-pay-later division to Latitude (ASX: LFS) has been shot down just two days after the Chair of Humm pleaded with shareholders to accept the acquisition proposal. What makes the saga most incredible is the global
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Lumos Diagnostics partners with Apatek to create rare disorder test for newborns
Phenylketonuria. Most people won’t know what it is, let alone how to say it, let alone spell it. But for the few who do, they know it’s a serious birth defect that can have devastating effects. Also known as PKU, phenylketonuria is a very rare, congenital disorder that causes a build up of amino acid
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Rex vs Qantas saga continues, will Netflix seek rights to produce?
Who doesn’t love a story about an underdog? Seeing the little guy triumph over the bully is the plotline of many a bildungsroman, and Netflix’s latest hit drama series ‘Rex vs Qantas’. Ok, just kidding, but we’re convinced it’s only a matter of time before someone produces the show seeing as there’s more than enough
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Beth Appleton revitalises Jaxsta revenue model to monetise its 116k user database
Newly appointed CEO Beth Appleton has hit the ground running since taking the reins of troubled music tech company Jaxsta (ASX: JXT) by revitalising the Company’s revenue stream with a focus on monetising their 116,000 users which have to date offered virtually no financial contribution. While the Company has remained on life support through a
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Is Catch playing catch up?
The market has been privy to whispers about the potential return of Catch.com.au founders Gabi and Hezi Leibovich to the drivers seat of the business following a worsening track record of declining performance of the site under Wesfarmers’ (ASX: WES) management. Since acquiring the flourishing retail giant in 2019, Wesfarmers have seen Catch lose $46
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Equity Story secures SEC approval to launch investment recommendation services in the US
Making the jump into the world’s most lucrative market for investment opportunities, financial commentary company Equity Story (ASX: EQS) has made the big leap into the United States market having secured SEC approval to operate its advice and investor education services. International expansion has been facilitated by the United States Securities Exchange Commission (SEC) approving
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Satellite data company signs deal with U.S. Navy
Currently, over 8,900 satellites are travelling at 27,000km while they orbit our tiny blue planet. This amount of satellites has increased more than four-fold in the last three years as Companies race to have their technology in our skies. The military capabilities of satellites have been exploited since the first satellite launch in the 1950s,
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Oventus bites the dust as sleep apnea mouthguards fall into slumber with administrators called in
Despite their claims of being able to improve millions of lives by providing better sleep at night using their bite fork mouthguards to treat sleep apnea, medtech company Oventus Medical (ASX: OVN) will never have the opportunity to prove that statement correct having entered Voluntary Administration amid mounting debt and their sales hitting the snooze
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Why one contentious FDA drug approval is good news for Actinogen Medical
Whether you’re running for the train, or running from a lion, cortisol- the stress hormone, plays an important role in making sure you aren’t late, or eaten. Except, too much cortisol has detrimental effects to the brain and our health, with research suggesting that cortisol dysregulation can affect cognitive function and harm brain cells in
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Halo Food Co extends Coles agreement for white-label milk powder products
Amid a global shortage of milk powder and infant formula, dairy company Halo Food Co (ASX: HLF) has taken a conservative approach to secure a large chunk of their revenue through a contract extension with Coles Supermarkets (ASX: COL). The 2-year contract extension is valued around $9.5 million and will see Halo supply Coles with
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Aussie infant formula Bubs is lending a hand in the American formula crisis with tons of product flown in
It’s the most talked about stock in the retail investor community right now, and having climbed 61.84% in the past month it may be for a while yet. I’m talking about Bubs (ASX: BUB), the company coming to the rescue of US parents who are the unfortunate victims of the US formula crisis. The serious
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Mighty Kingdom drops Ava’s Manor as it shifts focus to more promising adventures
Having to come to terms with hard truths, Mighty Kingdom Ltd (ASX: MKL) today has decided to cut ties with the development of their ‘Ava’s Manor’ video game as it shifts focus to higher-potential projects. Mighty Kingdom initially began co-developing ‘Ava’s Manor’ with its publishing partner, Uken Games, before its launch in November 2020. The
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AUDC stablecoin gathers momentum as Novatti confirms integration with XRP Ledger
Following the announcement of their stablecoin for instantaneous cross-border digital payments, fintech company Novatti Group (ASX: NOV) has confirmed that its AUDC coin will be integrated into one of the world’s biggest blockchain networks when it is issued on Ripple’s XRP Ledger. While Ripple may be best known for their XRP cryptocurrency, their underlying payments
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Racing Victoria dangles $314m prize money carrot to promote industry investment
Like any athlete, producing a successful racehorse takes a lot of work. The amount of effort and resources that go into breeding a potential winner, raising them, training them and getting them to the starting line is massive, but there’s no better place to do it than Australia. Horse racing is a major economic driver
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Palla Pharma blamed market conditions for their collapse. How did they sink in a billion dollar market?
Opioid based medications are paradoxical. Whilst an incredible pharmacologic solution to serious pain, opioids can be addictive with their overuse often proving detrimental. America is often held up as the poster child for what not to do when it comes to their opioid epidemic which has seen more than 263,000 people die from prescription opioid
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This company’s product is a physio’s best friend, and it’s about to get a whole lot better
Humans love data. We like numbers and patterns and trends, almost as much as DorsaVi (ASX: DVL), a company creating wearable movement sensors to deliver relevant and usable data. The Company touts its movement and muscle sensors and associated software as a way for companies, clinics and athletes to measure and interpret motion data, screen
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Delta rolls out drones at Red 5 mines following successful gold pour
Drones-as-a-service provider Delta Drone International (ASX: DLT) has secured a contract with Australian gold producer Red 5 Ltd (ASX: RED) to provide drone powered aerial surveying services to two mines located in Western Australia. The three year contract will see Delta’s drones flying over several mines operated by Red 5’s subsidiary, Greenstone Resources Ltd (ASX:
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Cybersecurity software safeguarding the biggest companies in the Asia Pacific
Collaborating and sharing files remotely has become the new norm as the world records record numbers of employees deciding to work from the comfort of their own homes. Whether it is a large corporation or a small business, sharing files through the net comes with a certain degree of risk. With this, and the vulnerability
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Healthia acquires 3 hand therapy clinics to service rising allied health demand
Working from home has its perks, but it most definitely has its downsides. No irritating colleague small talks also means less breaks. Limited space means working from the not-so-ergonomic dining table, or a greater sin- the couch. The combination of couch working and a propensity to not take regular breaks has led to the recurrence
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Airline and union spat adds drag to Rex’s share price
There’s always an undercurrent of tension between unions and businesses, a trend exemplified between the Australian Federation of Air Pilots (AFAP) and Rex Airlines (ASX: REX). Following correspondence the Federation circulated to its members, the Airline has released a statement calling the AFAP’s actions out as “malicious, misleading and deceptive”. The correspondence, which we haven’t
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Crowd Media to accelerate sales with recruitment drive to showcase new AI
Despite the current war on talent in the tech space that is seeing some of the world's biggest tech companies fight over critical talent that can make or break them, artificial intelligence company Crowd Media (ASX: CM8) is joining the party in a move that comes about after 3 years of developing their conversational AIRead MorePublic
The shut down of one major plant caused the US baby formula crisis. Aussie companies are stepping in to help.
I’m convinced the commodities index should include companies that manufacture toilet rolls and now, baby formula. Seemingly rarer than hen’s teeth, the powder gold is causing major headaches for parents across the US. The limited supply isn’t solely due to COVID related logistics issues, but rather the result of a sluggish government response and wider
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Shifting focus as Healius remains on guidance
With global markets in a lull, the ASX closed slightly higher this week with some optimism. On the other hand, healthcare company Healius Ltd (ASX: HLS) has sunk more than 28% since the start of the calendar year. Today’s 8% sell off can be directly attributed to the trading update that the Company released, where
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Apiam adds value to clients with behavioural medicine services
The pandemic has been tough for everyone, with financial and social challenges arising over the past two years, an increase in awareness of mental health has grown. There has also been a steady growing public awareness about the prevalence of mental health in our pets, who just like people can experience anxiety and other mentalRead MorePublic
Alterity Therapeutics moves neuroprotective drug to Phase 2 trials
Seven to ten years. That’s how long someone diagnosed with multiple system atrophy (MSA) has to live from when symptoms first appear. The progressive disease results in the gradual functional decline of the body’s involuntary functions such as blood pressure, breathing, bladder function and motor control. Often confused with Parkinson’s which is characterised by the
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Bubs to the rescue as special operation gets underway
Shareholders of Bubs Australia (ASX: BUB) reveled in every small cap investors’ dream over the weekend – a direct shoutout from the President of the United States. And this morning the President issued a follow-up that will renew shareholders’ excitement – it might not quite get the attention of an incendiary ex President Trump tweet,
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The Cancer Index: Why investing in oncology biotechs is more science than art
Despite what it may look like, investing in biotechs is more science than art. The sector holds intrinsically higher risk, but investing in it can be well worth it to those willing to take the plunge. In fact, over the last twenty years biotech firms have outperformed the S&P 500 and both the medtech andRead MorePublic
Phase II begins for FirstWave’s cyber defence platform
Cyber crimes worldwide have been getting worse as the internet gets better, with reports from the national cybersecurity agency in Australia reporting cybercrimes increasing 13% in 2021, with an incident occurring on average every 8 minutes. As new attack methods and vectors, and the use of sophisticated AI evolve, the average business loss from email
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Forget the details, Mighty Kingdom has just inked a deal with Google
Gaming company Mighty Kingdom (ASX: MKL) has partnered with some of the world’s most recognised brands like LEGO, Disney and now Google, with the Company today announcing a new contract. Google will work with Mighty Kingdom for an upcoming technology partnership under a fixed term six month ‘work for hire’ agreement. Any description of the
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Envirosuite’s machine learning wastewater tech ahead of schedule, accelerates growth
Environmental intelligence company Envirosuite (ASX: EVS) has provided a promising update on its newest product, EVS Water, which has picked up new customers in Australia, Asia , Europe and the US with revenues ahead of originally forecast. The technology is close to achieving its initial goal of $1m in total sales, only one year into
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Institutional investors back Apiam to accelerate growth amid regional boom
With it now abundantly clear that Australians who moved away from capital cities at the start of the pandemic have zero intention of returning to traffic jams and shoebox apartments, institutional investors have seen the light by backing regional vet operator Apiam Animal Health (ASX: AHX) to deliver on their ambitious regional expansion strategy. Over
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Now you see me, ClearVue and Nodis powering glass for US Air Force
ClearVue Technologies Ltd (ASX: CPV) and smart glass company Nodis Pte Ltd have signed a collaboration agreement to engineer an electronically controlled window solution for the US Air Force. The Companies have undertaken a first phase evaluation for the US Air Force at Tyndall Air Force Base in Florida trialling Nodis’ dynamic switchable glazing powered
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Cynata to tackle common transplant side effect with lead drug CYP-001
The first successful organ donation occurred in 1954 where a living donor gave a kidney to his identical twin. Since then, organ donation has become a routine practice with over 25,000 transplants conducted per year in US hospitals. Transplantation is far from simple, with an immense amount of preparation and aftercare required for recipients. A
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The key to happiness lies in your gut… No, really, just ask Microba
It’s no wonder that the health and wellness industry is worth over $4 trillion when you look at my bank statement. Perpetually on a health kick, I have been known to spend on gym memberships, protein powders, supplements, activewear and runners, and I’m not alone with many Aussies spending a serious chunk of cash on
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XTEK receives $9.5 million order for body armour in the US
As discussions around gun violence in the United States continue, counter-market forces concurrently perforate through to the consumer market with defence products manufacturer XTEK receiving a $9.5 million order for body armour through their US-based armour division. The purchase order comes from a customer that has elected to remain unnamed but will receive their $9.5m
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Nanollose’s bio-materials adopted into $500 billion textile industry
Contrary to what many think, cotton production is not great for the environment. Being one of the most popular materials, cotton is used in nearly half of all textile production and is known as the most profitable non-food crop globally. However, conventionally-grown cotton has proven insufficient for the planet because of its high water consumption
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You can now buy the Vegemite factory
It’s an Aussie icon, nay, a national treasure. Perfect with a smattering of butter on 80c white bread, or with cheese and crackers. I’m talking about the yummy, rich, weirdly addictive Vegemite. Invented by chemist CP Callister in 1923 as an alternative to British Marmite, Vegemite has become a staple in many Aussie pantries and
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Top biotech dealmaker appointed Chairman of Crowd Media
When one of Europe’s top executives has his previous business sold for $830 million and accepts a role to lead a microcap tech company, he’s clearly seen something behind the scenes to suggest it won’t be a microcap for much longer. That’s exactly the case with former Synlab executive Sytze Voulon who has been appointed
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Blazing clinical trials prove successful to launch new cannabis product
When you think of cannabis treatment, the first compounds that come to mind are THC (tetrahydrocannabinol) and CBD (cannabidiol). With both research and development excelling for both, researchers have discovered other less-known compounds that have significant health benefits. Medicinal cannabis drug development company Bod Australia Ltd (ASX: BOD) has successfully completed a proof of concept
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American beer on the rise as Good Drinks Australia appointed exclusive distributor of Coors and Miller
Aussie fans of American beers will soon have a lot more access to leading brands Miller and Coors thanks to an exclusive distribution deal signed by Good Drinks Australia (ASX: GDA) to bring the refreshing taste of those top brands throughout the Australian market. The appointment by Molson Coors (NYSE: TAP) is described as a
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Wide Open Agriculture’s carbon neutral oat milk to be distributed in Taiwan
Heaven forbid you order a regular latte in a Melbourne cafe. Once upon a time, it was us plant based milk lovers who were the subject of glares but with more people moving to the oat-y side, plant based milks are fast becoming the norm. Wide Open Agriculture (ASX: WOA) is seeing success with their
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Dr Pickles to soothe the pain with $21m takeover not looking so rosy for Sierra Sage Herbs
With just four months of operating cash in the bank according to last month’s quarterly report, cannabis company Creso Pharma (ASX: CPH) are back in the headlines inking deals with the latest collaborative agreement to potentially enter the Australian body care market via Dr Pickles. Key to the non-binding Heads of Agreement (HoA) signed is
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Knosys secures deal to provide back of house knowledge management for government health service
If you’ve ever wanted to determine the cause of that ache, pain, cough or sniffle sans doctor, you’ve likely found yourself at Healthdirect’s symptom checker. Aside from hosting a hypochondriac’s best friend, Healthdirect is a valuable resource, providing free Australian health advice. The government-funded service comprises a website, a National Health Services Directory and a
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BetMakers to bring Norwegian racing into the online wagering era
While nordic horse racing in Australia may be best known for its charismatic Swedish racecaller, racing in Norway could soon catapult onto the global stage with the investment being made in their industry starting with upgrades to their tote system via a 10-year engagement with wagering tech company BetMakers (ASX: BET). The increase to international
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Scout ramps up home security subscriptions in white-label service
Home security provider Scout Security Ltd (ASX: SCT) has continued to gain momentum announcing increased platform subscribers through its white labelled home security solution. The news comes a few months after the launch of its Kinetic Secure Home product into the US communications market. The Kinetic product is a white-label product that includes a security
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The marketplace market heats up as Woolworths joins the club with MyDeal acquisition
Grocery giant Woolworths Group (ASX: WOW) has gone shopping, and come home with what they think is a pretty good deal. Finally entering the marketplace style retailer market, WOW has entered into a binding agreement to acquire the majority stake of online retailer MyDeal (ASX: MYD). WOW is offering an all-cash consideration of $1.05 perRead MorePublic
Free weed for the leprechauns as Althea Group enters Ireland
The burgeoning arms of cannabis treatment have made their way to Ireland, with regulators easing restrictions which has increased the amount of qualified retailers. Currently, there is a limited number of cannabis retailers in the Republic of Ireland. Today, Althea Group Holdings (ASX: AGH) has been granted a rare opportunity to enter the Irish cannabis
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Apiam launches new equine hub with major acquisition of Victorian Equine Group
Capitalising on attractive industry tailwinds that have seen the Australian Thoroughbred industry thrive through record prize money which has flowed down to customer spending, Apiam Animal Health is set to open its newest equine hub in Victoria following their acquisition of Victorian Equine Group (VEG). Located in Bendigo, VEG is one of the largest equineRead MorePublic
Has this tech company just pulled off the Sale of the Century?
By any measuring standard, to sell your businesses for its full valuation while retaining its core assets sounds too good to be true. But that’s exactly the deal that Reckon (ASX: RKN) has pulled off with the divestment of a periphery business for $100m when Reckon was trading on the ASX with market cap of
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Dinosaurs roam the ASX announcement feed as Forbidden Foods expands snack bar range into Asia
You don’t expect to read about dinosaurs in the ASX announcements feed. Mainly because they’re extinct, but also because they aren’t usually a hot topic in corporate Australia. Our long dead reptilian friends are making news this morning with premium food and beverage company Forbidden Foods (ASX: FFF) planning to expand distribution of their Blue
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Large-scale 3D printer to supply Australia’s power plants
The first iterations of 3D printing can be traced back to the early 1980s, when product designers were on a mission to develop a rapid prototyping system. By coming up with a layer-by-layer method for manufacturing that could process extremely fast with great accuracy, 3D printing was able to evolve into something that the everyday
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Monash IVF joins M&A arms race with entry into Perth IVF market via acquisition
IVF – they are the three hottest letters across corporate Australia at the moment with major interest from private equity firms around the world keen for a slice of the IVF market where many of the industry’s pioneers and leading scientists were born. Through a combination of wider acceptability and openness of IVF discussions amongst
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In an age where celebs own tequila brands, this one owns a hangover cure
We often underestimate the business prowess of influencers and actors, but they do a hell of a lot more than just look pretty. One of those celebs is Shay Mitchell who you may recognise as Emily Fields from Pretty Little Liars, or more recently, as Peach Sallinger in the Netflix series You. Mitchell has garnered
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Plenti to come, Plenti to see
With the economic environment in the midst of raising interest rates and central banks attempting to dampen inflation, investors have been keeping an anxious eye on Australian lenders to see who will hit profitability sooner and avoid bad debts arising from raised rates. With this in mind, loan-only businesses have been racing to scale up
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Crowd Media enters Silicon Valley partnership for interactive NFT collection
Flagged to be so much more than pictures of apes, artificial intelligence company Crowd Media (ASX: CM8) is set to launch a world first collection of interactive NFTs that will integrate their conversational AI technology. Confirmation of the NFT collections comes as Crowd Media entered into a Binding Heads of Agreement with California-based Web3 company
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MPower acquires Lakeland in $8m deal
Australia’s renewable energy company MPower (ASX: MPR) has continued to accelerate growth, with them announcing that they’ve entered a Share Purchase Agreement with Kawa Australia Developments Pty Ltd to acquire the Lakeland Solar & Storage Project which is located in Cooktown Shire, North Queensland. The transaction will be worth $8m – with the Project expected
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SportsHero launches eSports predictor in China to gamify eSports gambling
Gambling in China – it’s a big no no. But with the underground industry hugely lucrative in the mainland, many businesses are finding more legal means to monetise the gambling psyche within the Chinese population with sports tech company SportsHero (ASX: SHO) the latest to join the movement through the eSports predictor competitions. Just because
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This company is offering DNA tests for the whole family, including the dog!
Ever wondered if your brother is really your brother? Or what breeds make up your dog (who was advertised by the rescue as ‘mixed breed blend’, I kid you not)? DNA testing has all the answers you seek, and with the technology becoming cheaper and scalable, direct-to-consumer DNA testing kits are now readily available. Leaders
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Regis Healthcare to claim back $14m spent on aged care COVID outbreaks
Amid the many inconveniences caused by COVID over the past two years, the little discussed frustration is the sheer cost that organisations have spent to minimise outbreaks. However, for aged care operator Regis Healthcare (ASX: REG), the bill for Omicron has come to $14 million which they hope to get back. Given their stringent Government-imposed
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The confident small cap CEO that has bought up $750k in his company’s shares
When it comes to investing in publicly listed companies, there is no stronger show of confidence for shareholders than when Executive management buys shares on-market. It’s why investors should be taking note of one ASX-listed small cap CEO having bought $750k on-market in the past 2 years – a genuine indicator that they think the
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Virtus Health gains market share in IVF space as demand continues to grow
It’s not up for debate- a woman’s body is her own. And yet, lots of people have lots to say about women’s bodies and what they should and shouldn’t be able to do. With the abortion debate at boiling point in America following a major backwards step in legislation, the rights of women are yet
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No Tony Fung, no Canberra Casino as Aquis exits business to focus on other ventures
Just 9 months since billionaire investor Tony Fung stood down as the Chairman of Aquis Entertainment (ASX: AQS), the company is packing up via the sale of Canberra Casino as the business has continued to struggle without the stewardship of Fung, their largest shareholder. Well known for his massive investment across Australia over the past
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ASX blockchain project stumbles…again
The ASX blockchain-based replacement for its clearing and settlement system CHESS has been delayed yet again this week for the fourth time. The major project undertaken by the ASX five years ago is still showing no signs of completion. Followed by delay after delay – it appears that this is one of the longest and
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Rhythm Biosciences nears commercialisation of revolutionary cancer test following filing of approval documents with the TGA
Rhythm Biosciences (ASX: RHY) is a step closer to commercialising their bowel cancer detection test, having submitted documents to the Australian Therapeutic Goods Administration (TGA) for approval. The filing is a significant milestone for the Company who are hoping to launch their product to market later this year. Rhythm’s test offers a convenient and non-invasive
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Green Whistle makes its way to Whistler and beyond in new Canada distribution deal
The opioid epidemic has been an issue for years now. Since 1990 over half a million deaths have been attributed to opioid overdose. Primarily mediatised as an ‘American’ problem, opioid misuse is significant in most developed countries. Most people begin their dependence on opioids following surgery where the drugs are prescribed as a method of
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MMA Offshore secures $23m contract for underwater infrastructure in Qatar
When it comes to offshore services, time spent at dock is time wasted but comfortably on top of that, MMA Offshore (ASX: MRM) is set to deploy MMA Pinnacle to Qatar within just weeks of finishing another 3-year offshore contract. The new deal is valued at $23 million with MMA to provide offshore construction support
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Joyce Corp flags new renovation services to complement Bedshed and Kitchen Connection
If you love strolling through renovation showrooms like those run by Bedshed and Kitchen Connection but don’t want to physically do the upgrades yourself, it could soon be much easier to have them done for you with Joyce Corporation (ASX: JYC) set to launch a new services business that will complement their aforementioned showrooms. While
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This company might have the answer for vitiligo
Winnie Harlow isn’t just a model. She’s a trailblazer, breaking barriers and crushing beauty standards as the first supermodel with vitiligo. The depigmentation disorder of the skin results in progressive loss of epidermal melanocytes (the cells that pigment the skin). Winnie’s unique look has seen her grace the covers of Vogue and Harper’s Bazaar, as
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US-based heart centre to trial Artrya’s software for heart disease diagnosis
Coronary heart disease is the most prevalent type of heart disease and the leading single cause of death in Australia, representing 11% of all deaths in 2018. 42% of coronary heart disease related deaths resulted from a heart attack. Medtech company Artrya (ASX: AYA) is working to improve diagnosis of this often silent disease. Their
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Oceania Healthcare acquires prestigious retirement villages to service New Zealand’s aging population
Regarded as one of the most progressive nations in the world under the leadership of one outstanding individual, New Zealand could soon become a retirement destination if the trend of decadent living continues to be driven by aged care operator Oceania Healthcare (ASX/NZX: OCA), which has acquired two prestigious retirement villages where homes sell for
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Delta Drones granted rare operating licence for commercial drone services
Initially used primarily by the military and the average hobbyist, drone technology has been refined for commercial applications. There have been use cases in wildlife conservation, security to conduct surveillance and increasing interest from logistic providers as a courier service. Lately, there has been elevated interest from the mining and agricultural industry in obtaining aerial
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This Company is using tech to enhance how we care for our ageing population
Caring comes naturally to us, but with an ageing population, caring can be taxing. The Australian Bureau of Statistics reported that as of 2021, people aged 65 and over outnumbered those under 15. Lower fertility rates and increased life expectancy have been primary drivers of this trend. Whilst it is fantastic to know that, statistically
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Novatti launches AUD-backed stablecoin for instant payments on blockchain
Picture yourself walking into a bank, what can be achieved in 10 minutes? You might make it to the front of the queue before being directed to call up to ask the exact same question the teller couldn’t answer. In that same amount of time, you could have transferred $30 million overseas using blockchain technology
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Travel is course correcting. Are these ASX listed companies still struggling, or on sale?
Contrary to Superhero’s assault of beach themed ads for summer trading, there was little ‘ASX on the beach’ this past summer. Unless of course, you count the shores of St Kilda… which have nothing on Thailand… *sigh* Things may be looking up for this coming summer, and no one is more pleased than the listed
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Hutchi to launch SENQ following major Brisbane radio licence acquisition
Since his days of being the butt of Sam Newman jokes on The Footy Show, Craig Hutchison has emerged as one of Australia’s biggest media moguls with Sports Entertainment Group (ASX: SEG) expanding its footprint in Queensland through the acquisition of the 4KQ 693AM radio licence for $12 million. Somewhat of an opportune pickup, SEG
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Bad debts mount for humm but who cares, that’s now Latitude’s problem
Binding – what a great word! This will be the sentiment amongst most shareholders in buy-now-pay-later company humm group (ASX: HUM) which like its peers has seen a sharp downturn in BNPL customers. Thankfully for those shareholders though, humm has a “binding” agreement to sell their consumer finance business to Latitude Group (ASX: LFS) with
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Temple & Webster renovates business model, jumping into $26 billion home improvement market
With so much time stuck inside over the past few years (!!), my apartment got quite the facelift. Where there once would have just been a simple IKEA ensemble is now a well considered symphony of Pinterest worthy elements sourced from all over. ‘Nesting’, as I like to call it, has become something of a
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Airtasker locks in purchase agreement with OneFlare
Have you ever wanted to paint your walls or pull the weeds out of your garden, and you just can’t be stuffed? Australia’s No.1 marketplace for local services, Airtasker (ASX: ART), allows you to delegate your laziness for a fee to strangers that want to get the job done for you, basically the Uber of
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Theranos, but make it legit.. Does this company have the answer to cancer detection via blood test?
Treating cancer is a primary goal of many biotech companies, but for any treatment to begin, physicians need a definitive diagnosis. We know that time is critical in disease diagnosis and initiating treatment sooner translates to better patient outcomes more often than not. The field of diagnostics is the yin to medical treatment’s yang. They
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Fluence secures two large wastewater treatment deals under newly appointed CEO Tom Pokorsky
WTaaS – some people might say business acronyms are getting a bit ridiculous but I’m sure you already knew that stands for wastewater treatment as a service because its just common sense, duh. It’s also the latest revenue source for water treatment company Fluence Corporation (ASX: FLC) which has secured a WTaaS contract covering 8
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Vection Tech removing the green screen with virtual reality
Most of today’s cutting edge films were made with technology that didn’t exist in the early days of cinema. From the classic black and white movies to the now CGI heavy films, there have been giant leaps forward in how we produce films. Taking us to the next step, Australian tech company Vection Technology (ASX:
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Rex is on the rebound, expanding geographic reach with Delta Air Lines
Airlines are examples of logistical excellence. There’s a mind boggling amount of operational planning cogs that need to turn to move people and their stuff to where it needs to go. Getting there on time and in one piece is one thing, maximising efficiencies for the airline is another. In an effort to improve their
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Vmoto accelerates diversification strategy with 96% of eScooters sold internationally
Executing a strategy to diversify their revenue stream and limit geopolitical risk, electronic vehicle manufacturer Vmoto (ASX: VMT) is comfortably on their way to achieving their risk goals with confirmation that less than 4% of their sales are now being generated in China. For the quarter ended 31 March 2022, Vmoto sold 7,998 vehicles which
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Healthia expands allied health footprint with new VIC and NSW acquisitions
Emerging healthcare juggernaut Healthia (ASX: HLA) has continued to expand its national footprint as Australia’s fastest growing allied health portfolio, this time acquiring six new clinics across Victoria and New South Wales. The new additions include four hand therapy clinics and a physiotherapy clinic in Melbourne as well as one optometry clinic in Singleton, New
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Positive cash flow leads Crowd Media to flag AI product launch of new gaming vertical
Just months after signing the first paying client for their conversational AI platform, artificial intelligence company Crowd Media (ASX: CM8) is already flagging their next product launch, this time for the gaming and entertainment industry. Establishing a roadmap in 2019 to pivot their artificial intelligence into conversational commerce, it was somewhat of a surprise to
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Rent.com.au set to introduce crypto payments for rent in response to tenant demand
If you weren’t sure of the adoption capabilities of cryptocurrency, there has been enough demand from Australians to use it to pay their rent that property tech company Rent.com.au (ASX: RNT) is going to facilitate rent payment from tenants as part of an upgrade to their RentPay app. A one-stop-shop for all tenant related matters
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“Scars are more than skin deep”: Why Professor Fiona Wood is working with this biotech to melt away scars
The skin is one of the most overlooked, complex and essential organs. It is the body’s first line of defence against dehydration, infection, and injury and plays a role in thermoregulation, vitamin D absorption and the nervous system. Throughout the course of life we are bound to end up with scars from adventures and mishaps,
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Harris Technology on track for record sales with 23% jump in March quarter sales
Despite international supply chain delays that have been caused by freight congestion across ports around the world, online retailer Harris Technology (ASX: HT8) has found a surprisingly simple solution to those problems which has resulted in a 23% increase in revenue. As International shipping delays see a backlog of ships idling at sea awaiting entry
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Meta Platforms returns to user growth
Social media giant Facebook and its parent company Meta Platforms issued quarterly results reflecting that daily active users (DAU) were finally making a comeback. This pleased investors, which saw shares rise about 18% in after-market trading, with the stock sitting at $207 per share. After leaving investors wary that Meta was losing momentum in the
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Playside showcases Bean Land metaverse game as NFT sales strengthen balance sheet
Fresh from the minting of their Beans NFTs which generated $8.4 million in sales from the creation of digital assets, game development company Playside Studios (ASX: PLY) has delivered a bumper quarter in sales which was their highest ever recorded. For the quarter ended 31 March 2021, Playside generated $13.76m in sales which represented aRead MorePublic
Botanix receives supportive FDA designation for antimicrobial gel
Stamping the letters ‘FDA’ on a Company announcement is a surefire way to flag investors’ interest. Today it was clinical dermatology company, Botanix Pharmaceuticals’ (ASX: BOT) turn to wave the FDA flag following the granting of a new Qualified Infectious Disease Product designation for BTX 1801, an investigational antibacterial product. Focussed on both dermatology and
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New trial results from Actinogen hold promise for Alzheimer’s treatment
Most people experience some level of cognitive decline as they get older. It’s a cruel, albeit normal part of the ageing process. Losing agency, cognition and function to Alzheimer’s disease is far from normal, and affects 1 in 10 Australians over 65 years of age, and 1 in 3 over 85. Whilst pharmacologics do exist
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Brisbane City Council replaces more parking inspectors with AI to issue infringement notices
If you’re a parking inspector working in Brisbane, just a heads up – you’re probably going to lose your job soon because your employer has just bought 4 more robots from AI company SenSen Networks (ASX: SNS) that can do your job for less money and better. This is the unfortunate reality for the families
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Pet owners flocking to vet subscriptions as Apiam reports Best Mates membership growth
For most pet owners, there is no price too dear for their animal healthcare but with an opportunity to reduce annual expenses most have quickly signed up to the Best Mates program run by Apiam Animal Health (ASX: AHX) as soon as it becomes available in their clinic for unlimited consultations via an annual subscription
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Wellfully set to jump into $9 billion market with FDA registration for their knee pain patch
“How much does it hurt, on a scale of 1-10?” Easily the most frustratingly vague of medical questions due to the huge difference in pain thresholds and perceptions. I don’t know about you, but I’m saving my 10 for childbirth. Nonetheless, when the answer falls beneath an epidural-requiring 10, many of us reach for simple
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East 33 flags major oyster cull as QX parasite tears through Port Stephens
First detected by authorities in August 2021, fears of the QX parasite infecting East 33’s (ASX: E33) oyster have come to fruition with the aquaculture company confirming that re-emergence of the parasite is likely to see 11-17 million saleable oysters lost. QX, the designation for Queensland Unknown, is a disease that impacts Sydney Rock Oysters
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Boardroom spat, Seafarms Director lodges 249D to remove Chairman and CEO
Project Sea Dragon – when it comes to naming a project, aquaculture company Seafarms Group (ASX: SFG) was on to a real winner. But unfortunately the project has not lived up to its powerful name, leading to a boardroom dispute where paperwork has been lodged by shareholders to remove Chairman and CEO Michael McMahon from
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Atomos seeks subscription revenue with new cloud video products
With the world balancing out their work at home life with days in the office, professional video editors and content creators have struggled to decide where to edit their videos. If you edit your videos at home, it is almost impossible to go to work and finish editing because of the difficulties in sharing a
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Conan Chop Chop sales struggle as Mighty Kingdom’s entry into platform gaming fizzles
What was supposed to be a grandiose entry into the world of platform gaming has started with a quiet yelp as game development company Mighty Kingdom (ASX: MKL) has failed to meet their expectations of game sales for their debut platform title Conan Chop Chop. Long time developers of mobile games for kids, the launch
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Holista Colltech set to cook up healthy Starbucks croissants
Health foods manufacturer Holista Colltech (ASX: HCT) is set to see its low glycaemic index (GI) food ingredients consumed by thousands of Malaysians having secured their first distribution deal with Country Farms that will see its products supplied to Starbucks Malaysia. Although only modest in nature to the value of $43,000, Holista is working with
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Healthia developing smart orthotics to tackle diabetes with better patient monitoring
Diabetes – it’s the silent killer which affects 5% of the Australian population directly and many more indirectly, often as an underlying condition behind heart disease. Unfortunately for those 1.2 million Australians living with diabetes, the risk of foot ulcers and vision loss are a regular threat without adequate management of the disease which in
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Bagging the past, SECOS are moving forward with biodegradables
Australia’s move to ban plastics from slowing down the environmental impact of humans has gained momentum in the last few years. Plastic bags at your local Coles or Woolworths were removed in 2018, then just last year, single-use straws were phased out of existence – as a result, your milkshake now has a cardboard straw
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World first: Crowd Media flags NFT collection for celebrity interactions
Over the past 12 months, tech savvy investors that understand the technology behind NFTs (non-fungible tokens) have been making big money from digital assets but as the market rapidly advances, artificial intelligence company Crowd Media (ASX: CM8) has flagged a world first collection that is currently in development. Specialists in artificial intelligence applied to humanisedRead MorePublic
SSH Group capitalises on riding demand for mining equipment with savvy acquisition
At a time when the Australian resources industry is booming thanks to strong commodity markets, mining services provider SSH Group (ASX: SSH) has expanded its service offering in the Pilbara region with the savvy acquisition of Karratha Machinery Hire under attractive terms to shareholders. Established in 1989 and a 100% locally grown business, Karratha Machinery
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HUB24 platform rated Number 1 for advisor advocacy as Class integration rolls in
At a time when the Australian financial services market is undergoing massive change to bring archaic regulations into the modern world, wealth management platform HUB24 (ASX: HUB) continues to emerge as the platform of the new era, racking up industry awards alongside $2.6 billion in net inflows as Advisors vote with their managed wealth. For
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Little Green Pharma locks in major sales agreement with German cannabis company
Australian medical cannabis company Little Green Pharma (ASX: LGP) has reached a major offtake agreement with Demecan to distribute cannabis products across Germany. With the German medical cannabis market estimated to be worth €7.7bn (A$11.2bn) by 2028, this opportunity marks a massive milestone for the Company. In July 2021, LGP acquired a world-class cultivation site
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Novatti poised for cross-border payments growth with return of international students
As well as the valuable skills they bring to Australian shores, international students are a vital part of the domestic economy where inbound payments are set to pick up in the coming year according to Novatti Group Managing Director, Peter Cook. Prior to the onset of the pandemic, fintech company Novatti Group (ASX: NOV) created
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This $22 million company is changing the future of surgery
The first evidence of surgery, if you can call it that, dates back to the Neolithic and pre-Classical periods where skull trephining took place. The gruesome practice of cutting small holes in the head was thought to rid the body of spirits and was widely practised throughout Europe, Africa and South America. The Egyptians even
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Flexiroam secures smartwatch connectivity contract for nationwide US coverage
For many Americans, internet connectivity when travelling across the nation can be hugely frustrating due to the sparse land coverage which includes black spots for each major provider. Just look at every low budget horror movie which could have ended in 5 minutes if the protagonist had cell phone coverage… Solving the issue which will
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TSN is effervescent, having inked two new deals for supply of ingredients to beverage companies
Since undergoing a pivot in strategic direction The Sustainable Nutrition Group (ASX: TSN) is making headway in the growing hemp and plant-based products space. The worldwide plant based food market is predicted to reach USD$162 billion by 2030. Australia is the third fastest growing vegan food market in the world with many companies adapting to
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Besieged fintech Douugh launches new service to automate a 5-second task
Our time is valuable, there’s no questioning that but if you think you think 5 seconds of your day is that valuable, Americans can set up automated direct debits tied to their paycheck through fledgling fintech Douugh (ASX: DOU) and their banking app. According to Douugh, the process of switching direct debits manually “has a
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Affiliate marketing company iSynergy taking leaps in new technology development
Affiliate marketing has proven to be very profitable and helpful for businesses to get products out the door and into the mind of buyers. Many companies worldwide are using it right now to grow their business by referral with incentive. iSynergy (ASX: IS3) steps into this scene with a developed online network that bridges the
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Investors cashing out as SelfWealth reports decline in trading as the ‘new normal’
Embattled online share trading platform SelfWealth (ASX: SWF) is bracing for further declines in their customer activity flagging the recent downturn as the “new normal” after huge increases in retail trading activity while Australians were locked up at home throughout the pandemic. The March quarter represented SelfWealth’s first post-lockdown quarter with lower trading numbers across
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PPK Group is saying Cu to those blue face masks
PPK Group (ASX: PPK) has a lot of balls in the air. Like, A LOT. From mining to ballistic armour, lithium batteries and now face masks…(?) Yep, their foray into the COVID boosted medical supply market has paid off, with the Therapeutic Goods Administration (TGA) approving their antiviral, antibacterial face masks for use in Australia.
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Emerge Gaming hits 1 mil new subscribers for MTN Arena following 3 month suspension
With the recent popularity of the Metaverse – the internet is turning into a 3D reality, making all other forms of the internet on the path to being obsolete. Game developers have been competing to be at the forefront of design and development to create products that fit into this new world. Emerge Gaming (ASX:
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Apiam eyes first viral vaccine production in 12 months from new facility
Despite having only received a $700k government grant to build a much needed viral vaccine facility, Apiam Animal Health (ASX: AHX) is already eyeing production within the next 12 months, potentially including one for Japanese Encephalitis which is currently impacting the Australian’s pig industry. While the state-of-the-art facility is not expected to be fully completed
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PointsBet inks landmark sportsbetting partnership in Canada to accelerate growth, eh
Since accepting their first bet within just 50 seconds of their launch in Canada, sportsbetting company PointsBet (ASX: PBH) has set out to make a huge nationwide push across the country having partnered with Maple Leaf Sports & Entertainment in what has to be classified as a landmark deal. Unlike other partnerships PointsBet has made
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Bigger fish: ResApp to be acquired by pharma giant Pfizer
It’s not a question of AstraZeneca or Pfizer for digital health company ResApp Health (ASX: RAP) who have today entered into a binding scheme implementation deed to be acquired by pharmaceutical giant, Pfizer. Yes, one of the world’s biggest pharma companies has been perusing the ASX for a small homegrown biotech to snap up, we’re
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High Court sides with AFT Pharmaceuticals after Nurofen maker dispute
Sticks and stones may break my bones but words may result in legal action because they can be misconstrued despite conscious wording. Luckily for AFT Pharmaceuticals (ASX: AFP) the Australian High Court has sided with them, dismissing complaints made by the makers of Nurofen, Reckitt-Benckiser around the advertising of AFT’s painkiller product, Maxigesic. Just yesterday
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K2 shares Fly as Maptek acquires strategic stake verging on takeover territory
The Australian landscape is dominated by extensive miners all over the continent, so making sure that their operations and reporting run smoothly becomes a vital part of their existence. K2fly (ASX: K2F) steps into this scene as a leading provider of platform-based SaaS cloud solutions to some of the largest miners, including Rio Tinto, Fortescue
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Ardent Leisure Group set to cash in on US arcades business and turn focus to theme parks
After several years of M&A interest in their US arcades business, Ardent Leisure Group (ASX: ALG) is set to offload their Main Event business to US operator Dave & Buster’s for USD $835 million on a cash and debt free basis. The Group, alongside co-owner RedBird Capital Partners, is selling retail entertainment business Main Event
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Openn accelerates US growth initiatives with equity Options to listings giant
In an attempt to accelerate their growth in the lucrative US real estate market, property tech company Openn Negotiation (ASX: OPN) has entered into an equity partnership with leading US listings company Triangle MLS to access their 16,000 realtor members. The agreement is centred around 1 million unlisted Options in Openn whereby Triangle can purchase
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Hostile takeover looming as stakes intensify in Virtus Health IVF bidding war
If you didn’t already know, there is a crazy amount of money to be made by IVF operators in Australia in the years to come which is the underlying principle behind a corporate tug-of-war in a bid to acquire IVF company Virtus Health (ASX: VRT) which has intensified again with the latest offer proposal from
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A signal of more to come? Crowd Media inks 2-year deal with conversational AI client
Try before you buy. It’s a time-honoured sales tactic that has worked for the most successful companies in history and artificial intelligence company Crowd Media (ASX: CM8) can join that list having converted a Proof Of Concept of their AI platform into a 2 year contract. Healthcare company PangeaMed will one day lay claim to
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Rewardle enters medtech space, continues portfolio growth with equity-for-fees
Marketing tech company Rewardle (ASX: RXH) is quickly building up a unique portfolio of small businesses where the company is backing themselves to lift their customers’ business so much that they have again secured equity options in lieu of their service fees. This time, it’s with medtech company Cardiac Rhythm Diagnostics. Both Rewardle and Cardiac
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Tabcorp demerger: Lottery industry set for shake up as Jumbo founder sells down
In August 2021, Tabcorp (ASX: TAH) and Jumbo Interactive (ASX: JIN) formalised a long-term extension of their reseller agreement which would enable Jumbo to continue selling lottery tickets online through their OzLotteries platform. Following on from that, Jumbo reported almost 200k new active customers which took their total to 836k with business appearing to be
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Reckon introduces digital payments gateway for businesses to easily accept online payments
Small business owners will soon have another mundane bookkeeping task automated thanks to accounting software company Reckon (ASX: RKN) which has introduced a digital payments gateway to their accounting platform making it effortless for business owners to accept digital payments. The new service is designed for small business customers that use Reckon’s low-cost accounting software
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Italian motorcycle pioneer joins Vmoto team with equity stake to push EV movement
Often lost in the discourse around electric vehicles is the huge opportunity for motorcycles in the market where manufacturer Vmoto (ASX: VMT) has secured two industry-leading pioneers for the team in Giovanni Castiglioni and Graziano Milone, who will both take equity positions in Vmoto. Castiglioni is best known as the owner of various motorcycle companies
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Rhythm Biosciences’ new clinical trial shows increases accuracy for their simple cancer blood test
Colorectal cancer is the second leading cause of cancer-related death in Australia. This can be attributed to the silent nature of the disease, not causing symptoms until tumours are well established. The Australian Government is all too aware of this, having created the National Bowel Cancer Screening Program with the goal of early detection to
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ResApp signs pilot which will see their tech used in 4 major UK hospitals
There isn’t much your smartphone can’t do. The power we have in our pockets is sometimes mind blowing. Amongst the torch function, Candy Crush and your banking app, you may begin to find more health tracking, medical based apps thanks to companies like ResApp Health (ASX: RAP). ResApp is busy developing smartphone applications for the
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LawFinance penetrates lucrative US market with $10m loan issued at 16% interest
16% interest on loans issued? It’s a damn good deal if you can find a borrower, but that’s exactly what finance company LawFinance (ASX: LAW) has done in one of the few places in the world where the real winners in the legal system tend to be lawyers. While it is common for finance companies
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Retailers rejoice as Federal Budget signals big spending on tech and IT upgrades
Australians seeking to catch a break from the latest Federal Budget will be pleased to see several incentives introduced to kickstart the retail industry, with notable tax breaks offered to small businesses that upgrade their IT systems and purchase new technology. Within the Treasurer Josh Frydenberg’s budget, small businesses will be able to claim $1.20
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WA based meal kit company partners with Thermomix, an appliance owned by half a million Australians
In the age of convenience, shopping trips are becoming obsolete. As if click and collect, direct to your boot wasn’t convenient enough, many Aussies are now opting for meal kits, delivered directly to their front door. The global meal kit industry experienced a serious boom during the height of the COVID-19 pandemic when people were
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Police training gamified as xReality launches Law Enforcement virtual reality system
Becoming a police officer could soon be a little bit more like Counterstrike with virtual reality company xReality (ASX: XRG) launching its first Law Enforcement VR Training solution designed to put officers in life-like scenarios with weapons integration. The system is built on the same underlying tech that xReality built its defence force training program
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Apiam wins $700k grant to build first viral vaccine manufacturing facility for animals
As the world emerges from the pandemic which has emphasised the critical importance of vaccination, Apiam Animal Health (ASX: AHX) has identified an opportunity to position Australia as leaders in autogenous vaccine manufacturing through the development of a state-of-the-art viral vaccine laboratory in Bendigo, Victoria. Plans to develop the vaccine lab have been announced, supported
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Cycliq extends RL bike accessories into Fitness Metaverse with NFTs collectibles
As more ASX-listed companies identify the unique revenue opportunity to generate something out of nothing, bike accessories company Cycliq (ASX: CYQ) is joining the party with plans to mint NFT collectibles via a partnership with digital health company OliveX (NSX: OLX). Known primarily for their safety equipment designed for cyclists such as cameras and lights,
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Gratifii’s customer loyalty tech reaches over 800 restaurants globally
Since emerging from lockdown and COVID restrictions, the world has been busy catching up with friends and filling social calendars with coffees, dinners and drinks. Full social calendars have meant full venues, with vendors breathing a collective sigh of relief now that things are pretty much back to normal. Enterprise loyalty and rewards business Gratifii
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Nyrada drug offers potential world first oral treatment for concussion
Rummage through any garage and chances are you’ll find a can of WD40. The name arose after 39 failed attempts at creating the trademark degreaser. You know what they say, 40th time’s a charm. In the pharmaceutical arena, failures, tweaks and fine-tuning are par for the course. Preclinical stage drug development company Nyrada (ASX: NYR)
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HR transformations through pandemic lead ELMO to launch Hybrid Work and Wellbeing modules
If there’s one division across all businesses that has undergone the largest operational changes, it’s probably human resources, which has had to deal with productivity, absenteeism, working from home and travel restrictions. Having identified how businesses can best manage these challenges, HR tech company ELMO Software (ASX: ELO) has launched new modules for its platform
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We wade through this radiopharmaceutical company’s news so you don’t have to
Seeing ‘Cu-64 SAR-bisPSMA’ in the title of an ASX announcement is enough to make many keep scrolling. However, clued in investors who read on and plug ‘radiopharmaceuticals’ into their search bar will uncover the massive market value of the space and its transformative potential. Clinical stage radiopharmaceutical company Clarity Pharmaceuticals (ASX: CU6) is an oncologyRead MorePublic
PainChek expands across New Zealand with pain tech deployed to 24 aged care facilities
Confident in their technology that can accurately assess a patient’s pain simply from a short video of their face, medtech company PainChek (ASX: PCK) has successfully converted a 6-month trial with one of New Zealand’s largest aged care operators into a full revenue-generating contract. The contract comes after Summerset Holdings (ASX: SNZ) trialled PainChek’s smartphone
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German Ice Hockey Federation to trial HITIQ’s concussion tech mouthguards
With the AFL season having just kicked off, it didn’t take long for attention to be drawn to the league’s concussion protocols but having already partnered with the AFL, concussion tech company HITIQ (ASX: HIQ) has continued its international expansion having been engaged by the German Ice Hockey Federation. The long-term impact of concussion continues
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Predictive test for diabetic kidney disease receives new patent
12% of global health expenditure is spent on diabetes. That equates to approximately USD $673 billion. Scarily, 1 in 2 adults with diabetes is undiagnosed. Diabetic kidney disease (DKD) is directly caused by diabetes, and the damage the disease does to the kidneys. It is estimated that 1 in 3 diabetics will go on to
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Cettire founder cashes out $47m as boom stock comes back down to earth
If shareholder confidence is a sign of things to come, rocky waters may be ahead for luxury goods retailer Cettire (ASX: CTT) after its Founder and CEO cashed out $47.25 million of his shares with a pretty good idea of how their financial results for the year are going to look. Keen investors have been
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iCandy to launch Metaverse game, guarantees at least $4m from NFT sales
Riding the wave of NFT popularity, game development company iCandy Interactive (ASX: ICI) has confirmed their first NFT-based game, League of Super Misfits, will be launched within two months while also boldly declaring the game will generate at least $4 million in revenue. League of Super Misfits, aka The Misfits, is a collaborative title between
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Domino’s opens 900th store as more Japanese crave cheese pulls and carbs
Starbucks never really took off in Australia. We just couldn’t get behind the sickly sweet, whipped cream covered combos that our American friends love so much. Starbucks quickly realised that our local coffee was way too good to even compete with, ultimately leading to the chain closing 61 stores in 2008 with a $143 million
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De.mem eyes profitability following Victorian expansion by acquisition
With concentrated initiatives to convert years of R&D into profitability, water tech company De.mem (ASX: DEM) finally has that in site, an inflection into the green that will be accelerated by their expansion in Victoria through the neat acquisition. Although the majority of De.mem’s water treatment products have been developed for commercial applications, such as
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Bubs launches new protein formula to meet demand from Chinese millennial mothers
As is becoming the case across the consumer products industry, millenials are wielding unprecedented power through irrational spending and influencer marketing. So it comes as no surprise that infant formula manufacturer Bubs (ASX: BUB) has launched a new natural A2 beta-casein protein product to quench their demand. The new product is an extension of Bubs’
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Noxopharm receives FDA designation for chemotherapy piggyback drug
Noxopharm (ASX: NOX) will hopefully see an increase in value of their flagship drug following this morning’s announcement. The Company has been granted Orphan Drug Designation from the United States FDA for their proprietary drug, Veyonda, for the treatment of soft tissue sarcoma. Orphan Drug Designation is given to certain drugs and biologics that show promise
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Can fish oil make your baby smarter? Clover Corp trials could hold the answer
Babies born before 37 weeks of pregnancy are considered premature, and often are at risk of getting sick or suffering developmental issues. Multiple studies have confirmed that there is an interplay between prematurity and childrens’ intelligence quotient (IQ). Premature babies often have lower IQs than their full term peers. To help premature babies reach their
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Takeover talks: Angel Seafood confirms last offer was best offer
“What’s your best price on this?” “Mate, it’s the price it’s listed at. If I wanted less, I would have listed it less.” It’s a conversion we’ve all had on Facebook marketplace as unscrupulous bargain hunters think their cash is more valuable than others, while unashamedly asking for further discounts. Oddly enough, such conversations perforate
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1 million US students undergoing Family Zone trials to negate online porn risks
Continuing to build on the momentum established over the past two years since prioritising the US school market as a priority, education tech company Family Zone (ASX: FZO) now has more than 1 million students signed up to trials of the tech. With an education system that groups schools within districts, the US market has
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4DMedical to compete with fairy bread for best Aussie invention
Australians are a smart bunch. Although the pavlova is disputed, we gladly claim awesome inventions like the black box flight recorder, spray-on skin, the cochlear implant, plastic money and fairy bread (arguably the greatest invention of them all). Whilst I’m not sure much could compete with fairy bread, 4DMedical (ASX: 4DX) are giving it a
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International expansion as more hospitals register for Pharmaxis’ cancer treatment trials
Clinical stage pharmaceutical company Pharmaxis (PXS: ASX) is full steam ahead with their Phase 2 clinical trial for flagship drug, PXS-5505. The Company has launched new clinical trial sites in Taiwan in a planned expansion to boost patient recruitment. Designed for use in the treatment of myelofibrosis, a rare blood cancer with a poor prognosis,
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Good Drinks celebrates St Patrick’s Day with exclusive Irish cider import deal
As popularity of cider has increased significantly over the past few years, alcoholic beverage company Good Drinks Australia (ASX: GDA) has partnered with Irish brewer C&C Group for the exclusive right to represent Magners Irish Cider in Australia. The deal will provide Good Drinks with the exclusive rights to import and distribute the range of
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Apiam eyes wearable tech to drive next gen animal health standards
As leaders in Australia across the veterinary industry, Apiam Animal Health (ASX: AHX) has been at the forefront of animal health standards of care. But with one eye on their international counterparts, executives at Apiam foresee some major improvements in animal, customer and employee outcomes which will be driven by technology. Having expanded their R&D
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Apps, not apples: NZ health food and smoothie bar seeks Plexure to develop new software and app
Popular New Zealand based juice and smoothie bar, TANK is looking to enhance the digital experience for their customers. Understanding that their expertise lies in apples and not apps, TANK has engaged software tech company Plexure (ASX: PX1) to design and create a proprietary software platform for their stores. The package will include a completely
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Helloworld rejoices as Government lifts ban on cruise ships docking in Australia
For some, being stuck in a confined space with no escape alongside their significant other would be an utter nightmare. For others, cruise ship holidays are probably much more enjoyable, and with the Government lifting its ban on cruise ships, the folk at Helloworld (ASX: HLO) Travel couldn’t be happier. Deemed by the Australian Government
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Digital payments is taking a new direction accelerated by eCommerce
Remember the days of credit card signatures? Yeah, neither did I until I came across a 2014 (!) article whilst researching the state of POS terminals in 2022. It’s looking like those terminals may be going the way of the humble credit card signature, and even the magnetic strip thanks to ‘pandemic trends’ that have
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Imugene partners with multi billion dollar global pharma company, Merck & Co for new trial
Since securing a European patent for their proprietary cancer vaccine HER-Vaxx, Imugene (ASX: IMU) have been busy. The Company has now announced the initiation of new clinical trials in collaboration with global pharmaceutical company, Merck & Co (NYSE: MRK). The USD $46 billion company will support Imugene in evaluating the efficacy and safety of HER-Vaxx
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Swift extends streaming agreement with Village Roadshow for James Bond franchise and more
If aged care residents get bored of their everyday routines, they’ll be able to nostalgically whittle their days away watching the entire James Bond movie franchise thanks to media tech company Swift Network (ASX: SW1) inking a 5-year deal with Village Roadshow. The contract is an extension of one already in place by Swift which
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Pure Hydrogen to build Turquoise Hydrogen pilot plant for clean energy products
As hydrogen continues its emergence as the next frontier of clean energy, Pure Hydrogen (ASX: PH2) has confirmed plans to build a pilot plant in Brisbane that will be capable of manufacturing carbon and graphene products through the use of Turquoise Hydrogen. Confirmation of the pilot plant comes after two years of investigative work into
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Neuren Pharmaceuticals gains approval for trial in yet another neurodevelopmental disorder
The complexity of the human body never ceases to amaze me. So many systems need to work together to carry out seemingly simple tasks like walking, breathing and digesting. This complexity means that from time to time the convoluted web of neurons, strands of DNA and woven matrices of bone can be subject to defects.
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Gladiator and Zeus join forces with MSA Group for Tanzanian Uranium exploration
As the rest of the world distances themselves away from Russia, we have witnessed an economic impact that has caused various commodities prices to spike amid ideological decisions by Western nations to scale down their dependency on Russian supplies. One of those commodities is uranium, whose spot price is one of its most bullish runs
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BNPL rooted as Sezzle lays off 20% of their US workforce
With the buy-now-pay-later sector in a nosedive pattern amid market saturation and unsustainable losses, operator Sezzle (ASX: SZL) has confirmed that it will be laying off 20% of its American workforce with the intention of saving $13 million in staff salaries to reduce their haemorrhaging losses. The decision, which Sezzle describes as a “difficult” one,
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Live Verdure keen to tap into the beauty market with hemp based skincare line in development
The Australian skin care products market is forecast to reach over $300 million by 2025. That’s a lot of moisturiser… And plant based nutraceutical and skin care company Live Verdure (ASX: LV1) is keen to cash in. The Company’s hemp based “8 Seeds” skincare brand has had a face-lift with a reformulation for their multiple
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Better fan experiences coming for SydneySiders as Plexure to roll out loyalty app at Accor Stadium
Sports and music fans in Sydney will soon be in for a treat with Accor Stadium having engaged tech company Plexure (ASX/NZX: PX1) for a dedicated app for the stadium’s loyalty program to be designed with a focus towards improved customer experiences at the iconic stadium. The engagement will leverage Plexure’s existing technology from their
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Kicking goals on all fronts, Catapult extends AFL Champion Data deal by three years
Sports data and analytics company Catapult Sports (ASX: CAT) is set to expand its relationship with Champion Data in a three-year deal to supply the Australian Football League (AFL) with performance analytics. After advancing their Vector SaaS technology with applications in NFL and soccer, Catapult is now increasing its service for Australia’s most popular sport.
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Silver linings of conflict, defence companies gain momentum
I’m not sure about you, but I’m getting a bit sick of living in a VERY interesting part of next century’s history textbooks. In recent weeks our newsfeeds have been swamped with horrifying images of the war in Ukraine which seems to be touching everyone in some way. Whilst the outpouring of support for those
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Former employee defrauds K2fly out of $745k as investigation continues
Mining tech company K2fly (ASX: K2F) is set to incur a substantial loss for the year, having uncovered suspicious payments totalling $745k in a case of suspected fraud committed by a former employee in their South Africa office. Investigations are ongoing but upon initial concerns in accounting discrepancies, K2fly engaged external auditors which have now
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A tale of investment advice, Equity Story seeks $4.5m for IPO chapter
In an IPO slated to list on 18 March 2022, Equity Story Group (proposed ASX code: EQS) is looking to raise $4.5 million to fund their expansion in the burgeoning share market education and investment advice space, coming up against industry stalwarts like Eureka Report, Switzer, Halo Technologies, and Motley Fool. Equity Story is differentiating
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Out-the-box thinkers are just what the myelofibrosis treatment market needs
The pharmaceutical industry is an incredibly competitive space with new drug discoveries cropping up all the time, giving hope that we may soon find resolutions to the complicated medical challenges of today. The competitive nature of the space means that whoever is first to market has a clear advantage. Clinical stage pharmaceutical company Pharmaxis (ASX:
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Here’s how Bio-Gene is keeping your muesli bug free
The range of creepy crawlies that find their way into Australian grain stores is broad enough to make you rethink your morning oats. I mean, no one likes the taste of flour beetles or weevils in their brekkie. Agricultural technology development company Bio-Gene Technology (ASX: BGT) agrees, and are working on solutions to common pests
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Sprintex engaged to develop next gen air compressors for hydrogen fuel cells
Like many developments in the world of engineering, there’s nothing particularly sexy about air compressors but as the world moves towards clean energy adoption, they are vital cogs in fuel cells, which is just one reason Sprintex (ASX: SIX) has been engaged to develop an innovative new design. The engagement comes from existing technology partner
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Crime wary Americans happy to pay Scout $6 per month for open door alerts
As the third most populous nation in the world, and with high crime rates, the United States has proven an ideal market for security tech company Scout Security (ASX: SCT), who are nearing cash flow breakeven thanks to the many Americans paying $6 per month for a tiny bit more peace of mind. Rising sales
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Investment Platformer Halo Technologies heads for IPO
Australian fintech company Halo Technologies is preparing to list later this month, aiming to raise up to $40 million at an issue price of $1.20 per share. Halo operates in the global wealth management industry, assisting retail and wholesale investors to analyse and manage investments through software solutions. Founded in 2017, the Sydney and Melbourne-based
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US business booming as Ardent acquires three entertainment centres in Colorado
It may not be a retail model that Australians are familiar, with but family entertainment centres in the United States is a very lucrative business which is why Ardent Leisure Group (ASX: ALG) is expanding their US footprint with the acquisition of three locations in Colorado. The acquisitions fall under Ardent’s Main Event Entertainment division
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Spray On Skin available to over 200,000 more US healthcare providers following purchasing agreement
4,440 US hospitals and health systems will soon have access to Avita Medical’s (ASX: AVH) proprietary RECELL System thanks to a purchasing agreement signed with Premier, a leading healthcare improvement company in the US. Premier’s mission is to enable optimal patient care at reasonable cost within their alliance of 4,400 US hospitals and 225,000 other
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CardieX is making smart watches smarter
I feel naked without my smart watch. I’m honestly addicted to getting my 10k steps and the little dopamine hit I get when my wrist buzzes, telling me I’ve hit a goal. In awesome news for the health tech obsessed, smart watches are getting smarter. Leading global consumer electronics developer, Mobvoi has launched the TicWatch
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Mighty Kingdom enters platform gaming with worldwide launch of Conan Chop Chop
Having established themselves in the mobile gaming market through their children-friendly titles, game developer Mighty Kingdom (ASX: MKL) has commenced their diversification strategy to expand beyond their profile into more lucrative gaming markets. The move comes with today’s worldwide launch of Conan Chop Chop, an online multiplayer party game where players must collect loot and
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Damstra tech partnered to assist with Melbourne’s North East Link upgrade
Melbourne-based Damstra Technology (ASX: DTC) has been appointed as a tech partner on one of Victoria’s most extensive road projects, led by Spark Consortium. Damstra is a global technology company that operates various software products that assists with security and communications for mining, construction, government and education industries. Spark Consortium comprises eight different partnerships contracted
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Records broken despite lockdowns, Healthia eyes further earnings upgrade
Having emerged as Australia’s fastest growing allied health portfolio over the past 12 months, healthcare operator Healthia (ASX: HLA) has reported record revenue and earnings while supporting their staff with minimal roster changes despite COVID lockdowns and the absence of JobKeeper assistance. Amid ongoing lockdowns over the past six months and the Omicron outbreak, Healthia
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Novatti bulks up fintech talent with ongoing launch of new digital payment services
Riding a wave of success that has delivered record half year revenue, digital payments company Novatti Group (ASX: NOV) is making waves across the fintech industry with a big recruitment push setting them up for lucrative new business opportunities. Despite reporting $11.1 m in revenue for the half year ended 31 December 2021 which represented
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Catapulting sports into the 21st century: How one company is using data to give teams an edge
We all know that one guy who is downright obsessed with a certain sporting team, or player. The degree to which us humans can immerse ourselves in extraordinary feats of athleticism is astonishing (especially so when they catch you on your lunch break…). From the first team polo matches in Persia 2,500 years ago to
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Crowd Media showcases new metaverse integrations for their conversational AI
Fresh from signing the first client to their Talking Head platform, artificial intelligence company Crowd Media (ASX: CM8) has showcased their latest metaverse integration while also announcing a bumper financial result. For the half year ended 31 December 2021, Crowd Media has returned to underlying profitability following a 3-year turnaround strategy after the Company lastRead MorePublic
Lumos Diagnostics receives regulatory approval for rapid test in Brazil
Rapid antigen tests (or lack thereof) have dominated the headlines for months now. Turning your kitchen counter into a mini pathology lab is now an essential ritual in determining if it’s the sniffles or the dreaded ‘c word’. Specialists in rapid point-of-care diagnostic technologies, Lumos Diagnostics (ASX: LDX) have been working on a useful test,
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Wisr locks in 22nd consecutive quarter of growth, revenue increases 163%
Big 4 backed non-bank lender Wisr Limited (ASX: WZR) reported revenues of $26.2 million, which grew 163% from $10 million recorded in the previous corresponding period (pcp), driven by new funding partners and a surge in auto lending and personal finance. Having now achieved 22 consecutive quarters of growth, the Company is on track to
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Apiam riding the regional population boom with 22% revenue growth
When COVID-19 hit, we saw a flurry of city dwellers move out to regional Victoria where they could live in peace without the constant threat of lockdowns. Despite there being an end in sight to the pandemic however, those same sea-changers are set to remain away from metropolitan areas which is just one of the
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Clarity Pharmaceuticals poised to enter USD $80.4 billion market with theranostics products
Us humans are in the near constant pursuit of ever increasing efficaciousness, especially in the field of medicine. How can we harness the best possible patient outcome in the least amount of time? Theranostics is a field of medicine combining both therapeutics and diagnostic measures to tackle the most complex medical burdens of today. Since
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Putting the Block in blockchain
While blockchain technology is still a mystery for most people today, many companies are taking advantage of the opportunity and are jumping on board. Bitcoin has transitioned from being used by deep web nerds and online drug dealers to being a facilitator of payments and currency that millions of people assume to be the future
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New division launched as Harris Technology eCommerce infrastructure draws attention from importers
While the pandemic continues to wreak havoc on the Australian retail industry, online retailer Harris Technology (ASX: HT8) has maintained operational profitability while sustained online sales growth has drawn the attention of local importers keen to benefit from Harris Technology’s expanding eCommence network. Based on the financial results reported by traditional retailers that are increasing
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The Australian Evergrande? construction company Probuild goes into administration
What was only a rumour yesterday has been confirmed this morning, with major construction company Probuild going into voluntary administration following the discontinuance of financial assistance from its parent company Wilson Bayly Holmes-Ovcon (WBHO). This leaves a score of disgruntled tradies and other contractors unpaid, not to mention all those folk waiting for their buildings
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Candles remain flickering but dusk cops the brunt of COVID
While the hugely lucrative business of selling candles at premium prices remains viable, it may not be for much longer given then reliance of in-store experiences to make such purchases which resulted in a 12% drop in revenue for candle retailer dusk Group (ASX: DSK). Pandemic lockdowns have been a hindrance for most retailers but
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Mad Paws becoming the ‘go-to’ for pet products and services with their latest acquisition
I don’t do much without my little brindle side kick. She comes to the office, on dates, and Bunnings runs. I always order her a side of bacon on brunch outings and she frequently enjoys some cheeky nuggets when we find ourselves at a Maccas drive through. She exemplifies ‘man’s best friend’. Unsurprisingly many Australians
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Bubs executes $12 million turnaround with diversification strategy
Remember when busloads of Chinese tourists would rock up at your local supermarket and clear out the shelves of baby formulae which they then sent back to China and sold at a premium? It turns out those guys were pretty important to Australia’s milk powder industry which tanked when international border restrictions stopped them from
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Woolworths wage rort bill now upwards of $500 million
One of Australia’s largest supermarket chains, Woolworths Group (ASX: WOW), has admitted that staff underpayments have accumulated over half a billion dollars following their ‘end-to-end payroll review’. It may not be the end of it though, as they warn more discrepancies may be found. To assure that their staff and employees are receiving their rightful
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More Boomers moving their wealth to HUB24 as revenue jumps 72%
While the likes of Stake, Selfwealth and Superhero are fighting for a slice of the investment platform market share at the bottom end, wealth management company HUB24 (ASX: HUB) has emerged as Australia’s fastest growth platform provider by targeting the top end of town. Over the next 30 years, more than $6 Trillion in wealth
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The ASX listed whisky company actually making whisky this week
One ASX listed whisky company is pulling a lot of attention this week thanks to a certain CEO, and not for his drinking habits. The Bainbridge ice saga provides a near perfect backdrop for Top Shelf International Holdings (ASX: TSI) to announce their latest deal with Coles Liquor Group. NED Australian Whisky and Grainshaker Hand
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Coles investing $150m in robots to replace your child’s first job prospect
Bad news has gone hand-in-hand with supply chains these days, with shortages of everything from computer chips to toilet paper. But in better news, more companies are innovating fixes that could help prevent these kinds of disruptions from becoming the new normal. One company taking the lead via new technology is Coles Group (ASX: COL),
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Bod seeks to register its cannabis extract as food in the UK
Cannabis is having a major moment these past few years, trending in research and trickling down into the retail sector. Medicinal cannabis company Bod Australia (ASX: BOD) has been selling cannabidiol (CBD) food products within the UK for a while now, however recent legislative changes around the substance dictate that manufacturers now require approval to
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Rex extends Ambulance Victoria regional flight services by 12 years
Australia’s largest independent operator of regional flight services has noticed a handy win to extend their current contract with Ambulance Victoria by 12 years in a deal valued at more than $300 million to Regional Express (ASX: REX). The deal is on similar terms to the existing contract granted to Rex subsidiary Pel-Air that commenced
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BlueScope Steel posts best earnings in its history
Australian-based steelmaker BlueScope (ASX: BSL) has posted its best first half-year performance in its 20-year history. The earnings were bolstered by increased demand from building and construction in the US and Australia for steel, which has delivered significantly higher margins, reflecting the higher iron ore market. The Company booked a net profit after tax of
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Latitude to acquire Humm’s consumer lending division as BNPL cools off
It’s confirmed- and whilst it doesn’t have the same scoop-your-jaw-off-the-floor effect as Afterpay’s (ASX: APT) $39 billion takeover from Square, Aussie grown BNPL Humm’s (ASX:HUM) consumer lending division is being acquired by Latitude Group (ASX: LFS). The deal is expected to bring $55 million in annual synergies for Latitude which are anticipated to be fully
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Tabcorp demerger spices up as wagering division cops 34% beating
Despite its position as the most recognised wagering brand in Australia, the burden of its wagering division continues to weigh down Tabcorp (ASX: TAH) whose attempts to enter the digital age appear to be futile, having missed the boat by several years. As a result of being leapfrogged by digital-only operators which flurried into Australia
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MSL Solutions enjoys healthy revenue and pipeline opportunities in post lockdown world
I’m not sure about you, but these past few months my social calendar has been FULL. The lifting of lockdowns and the easing of restrictions meant that Friday night margaritas were back on, as were Saturday brunch sessions. My cup is full, and I’m loving the unrestricted access to my favourite humans and Melbourne’s many
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The funs of chemistry: How this pharma company is tapping into lucrative waste management
Ever wondered how renewable fuel is made? Or how biodegradable plastics are created? There’s a lot that happens after you throw something away, and the process of repurposing materials is more complex than you might think. Clinical stage oncology company PharmAust (ASX: PAA) has an interesting subsidiary involved in just that. Epichem is a leading
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Breville revenue up 23% with transition from bland manufacturer to kitchen lifestyle business
Spending so much more time at home throughout the pandemic, all over the world people have been ditching the $5 coffees to make their own cafe-quality brews at home evidenced by raging sales of Breville’s (ASX: BRG) cafe-quality machines which have driven a 23.6% increase in revenue. Of all the things we’ve been doing while
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ViacomCBS to re-brand as Paramount, targets 100 million streaming customers by 2024
For more than a century, the name Paramount has been synonymous with some of the world’s most well known cult classics and even pioneered through the Golden Age of Hollywood. In a surprise move this morning, ViacomCBS (NASDAQ: VIAC) in the US revealed that it was officially changing its corporate name to Paramount Global, or
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New cloud-based tech drives Reckon profits with an integrated payments solution to be rolled out soon
With another range of cloud-based office management products launched over the past six months, accounting tech company Reckon (ASX: RKN) continues to secure new business customers to their platform, driving its profitability with an integrated payments solution set to further enhance its all-inclusive business services. Since transitioning its accounting software to a cloud-based solution that
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Not if, but when: expansion on the horizon for Digital Wine Ventures
I recently gave a new name to the weekly soiree my friends and I conduct. It’s called “The Wine and Whine” (I should copyright that). The W&W is a safe space, often on my couch, where we crack open a bottle of Pinot Noir and whine about anything, from the state of the world, global
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Aerometrex flags metaverse opportunities for 3D mapping as US business gathers momentum
When inventing their technology, Aerometrex (ASX: AMX) intended to use 3D mapping to automate visualisations of architecture but fast forward to 2022 and their biggest growth opportunity may be in virtual reality with metaverse enthusiasts seeking the Company to create digital versions of major cities. This is a prime example of how quickly technology is
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Blackstone locks in $8.9bn takeover offer for Crown Resorts
US private equity firm Blackstone Inc. has won the bidding war to acquire Crown Resorts (ASX: CWN) in a massive $8.9 billion takeover offer. Through this agreement, Blackstone will purchase all shares in Crown for a price of $12.50 per share through a Scheme of Arrangement. This offer is higher than the previous bid submitted
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Clinuvel to commence DNA repair drug clinical trials as new skin cancer treatment
Sunbaking is a certified Australian pastime, so it comes as no surprise that we have the highest melanoma rate in the world. Any lamington-eating, Waltzing Matilda-singing Aussie knows that skin checks are an important part of preventative healthcare, and that our unfortunate position in relation to the inconvenient hole in our ozone layer means that
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Keypath bolsters revenue with new University pathway programs launched in SouthEast Asia
While Australian education providers are reeling financially in the wake of the pandemic-forced mass exodus of international students, US-based education provider Keypath Education International (ASX: KED) has not had such problems, boosting revenue by 37%. Although based out of the United States, Keypath’s increased revenue has been attributed to its international expansion where it has
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Harris Technology solving rapid antigen test shortages, now selling online
Tapping their network of international vendors, online retailer Harris Technology (ASX: HT8) have succeeded where pharmacies and supermarkets have failed, securing commercial quantities of rapid antigen test kits (RATs) that they have listed through their eCommerce channels at discount prices. The RATs have been added to their Pro-Hygiene division which was established at the start
Read MorePublicShareholders smashed with 95% loss as American BNPL operator Zebit rage quits from the ASX
At a time when the likes of Afterpay and ZipCo were booming, American buy-now-pay-later company Zebit (ASX: ZBT) thought they could quench Australian investors’ thirst for BNPL exposure when listing on the ASX in October 2020 via a $35 million IPO. But with mounting bad debts from its customers, Zebit has decided that it’s all
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Adherium has begun manufacturing of their FDA approved respiratory inhaler
5-10% of the world’s population suffer from asthma. That’s over 23 million people, 7 million of whom are children. Whilst for some it is a minor nuisance, asthma can be a chronic and often debilitating problem and can be a precursor to numerous comorbidities. The condition causes the airways to narrow and potentially produce more
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Mighty Kingdom set to release Conan Chop Chop as first console game title
Tackling the hugely competitive market for multiplayer online gaming, game developer Mighty Kingdom (ASX: MKL) is set to join the party with the first ever title for console to be Conan Chop Chop – an online hack’n’slash game for kids. Development of Conan Chop Chop first commenced in March 2019 when Mighty Kingdom partnered with
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Playside adds Blizzard to list of gaming collaboration partners
Aussie game development company Playside Studios (ASX: PLY) is continuing its astronomical rise up the gaming industry ranks, having been engaged by one of the world’s largest developers, Activision Blizzard (NASDAQ: ATV), whose portfolio includes epic titles Call of Duty, World of Warcraft, Overwatch, Diablo and Candy Crush. Although Playside will not be working on
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Counter drone security tech company could make it big in Texas
As drone technology continues developing at an impressive pace, so too is counter drone technology. Leaders in the field of drone threat protection DroneShield (ASX: DRO) provide artificial intelligence powered anti-drone solutions for a variety of sectors including defense, law enforcement, corporations, infrastructure and airports. Using a three tiered approach, their artificial intelligence- based tech
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Murray River Organics enters receivership as turnaround strategy fails
Despite their best attempts to save a sinking ship, organic foods company Murray River Organics (ASX: MRG) has been forced to call in administrators as piling debts were unable to be offset by rising demand for organic foods, of which the Company was unable to capitalise on. MRG shares were first suspended from trading on
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CryptoSpend launches first Bitcoin Visa card in collaboration with Novatti
Australians can now make everyday purchases using Bitcoin (BTC) with the launch of Australia’s first Visa-powered cryptocurrency payments card, a collaboration between digital payments company Novatti Group (ASX: NOV) and CryptoSpend. The card can be used anywhere that accepts Visa payment with Novatti being the issuers behind the card via their appointment from Visa as
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Actinogen appoints leading researchers to conduct Phase 2 trials for treatment of Fragile X Syndrome
Estimated to affect 1 in every 4,000 boys, there is currently no treatment approved in the world for cognitive disorder Fragile X Syndrome but that could change in the coming years with biotech company Actinogen (ASX: ACW) confirming a manager to oversee the Phase 2 trials of its XanaFX clinical trials. Fragile X Syndrome is
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Biome has a new probiotic approach to acne
I had near perfect skin all throughout my teenage years, proclaiming boastfully to my blemish covered peers that “I dunno, I just skipped that phase.” I did not skip that phase. It just came later in life. Ugh. COVID related stress, mask wearing and the general travails of being a real adult brought about that
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Jade Gas Holdings strikes deal with Mongolian Government to drill for gas
Mongolia has an abundance of coal deposits, making it the subject of significant exploration for coal bed mining, also known as coal seam gas (CSG). Despite this, the nation depends on two neighbours, Russia and China, for energy supplies, which means CSG development is quite valuable for the country’s energy independence. With record gas prices
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Alloggio makes attractive acquisition in Magnetic Island
Whoever named it Magnetic Island knew what was up. The pull of the equatorial paradise attracts over 290,000 people to the island every year. Short term rental property management company Alloggio (ASX: ALO) has made inroads on the island, today announcing the acquisition of Magnetic Island’s top holiday accommodation provider, Best of Magnetic. For a
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Little Green Pharma to demerge its medicinal psychedelics business
There is an increasingly growing body of research globally into the use of psychedelic medicines to treat various health conditions. To date, this research has produced highly encouraging results and has promoted the development of an extensive psychedelic industry, which has kicked off in North America and the United Kingdom. The industry has now made
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$13m in staff underpayment added to Star Entertainment’s long list of woes
If a global pandemic resulting in ongoing lockdowns, a regulatory investigation and corporate activity rejection were not enough to upset those at The Star Entertainment Group (ASX: SGR), they can add $13 million in historical staff underpayment to their list of operational issues. Fortunately for the casino operator, the wage underpayments were uncovered internally and
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Luxury online retailer Cettire to jump on multi billion opportunity entering Chinese market
Despite living in track pants for the majority of the last few years, the retail fashion industry is very much thriving. Now that we have dusted off the proverbial cobwebs from the nicer side of our wardrobes, global luxury online retailer Cettire (ASX:CTT) is expanding. With Mainland China set to become the world’s largest market
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Interest rates creating tense competition for the Big Four
After the Reserve Bank of Australia (RBA) announced that they were not increasing interest rates, banks are starting to feel less optimistic about the economy. Australia and New Zealand Banking Group (ASX: ANZ) has unveiled an essentially flat quarterly update today, following a similar update from Westpac (ASX: WBC) last week, saying net interest margins
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REA sales surge on back of housing boom but flags upcoming headwinds
If the fear mongering headlines highlighting just how unreachable a first home is for millennials without outside assistance, the half year financials released by real estate company REA Group (ASX: REA) highlight the crazy demand for housing in 2021 which was hardly impacted by the absence of live auctions. For the Half Year ended 31
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Study results emerge for Proteomics International Laboratories’ latest cancer diagnostic test
Your Friday crash course: Diagnostic biomarkers are in essence, used to determine whether or not a patient has a medical condition. Biomarkers can be molecular, histologic, radiographic and physiological, examples include heart rate, BMI and x-ray findings. Proteomics International Laboratories (ASX: PIQ) is taking molecular biomarkers to a whole new level, utilising proprietary biomarkers to
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Investors bullish on Amazon with price increase for Amazon Prime coming
Weeks after Netflix raised its subscription prices, Amazon (NASDAQ: AMZN) is set to jump on the bandwagon and bump up the cost of its Amazon Prime membership, which was announced alongside its December quarter earnings as investors responded well to the margin hike. The cost of an Amazon Prime membership, which gives the customer free
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Pharmaxis reports progress in clinical trials despite COVID affecting industry
Things are well and truly on track for clinical stage pharmaceutical company Pharmaxis (ASX: PXS), a sentiment confirmed by CEO Gary Phillips in his shareholder address in their recent quarterly results. The Company has made significant progress in three clinical trial programs, with plenty on the horizon for their preclinical pipeline too. Lead asset PXS-5505
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Creso Pharma enters US medicinal cannabis market via $21m Colorado acquisition
Putting behind them the drama of 2021 which resulted in their former Chairman’s offices being raided by Australian Federal Police, medicinal cannabis company Creso Pharma (ASX: CPH) has kicked off the new year with a bang, confirming their entry into the lucrative US market through the acquisition of Sierra Sage Herbs. Founded in 2008 by
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Shares drop 24% aftermarket, is Meta the next quarterly earnings pariah?
The social media giant Meta Platforms (NASDAQ: FB), formerly known as Facebook, issued disappointing guidance for the first quarter in addition to also falling short on its previous quarter user numbers and profit, leaving investors curious about the future of the company. Pivoting from the classic Facebook website and app, the Meta rebrand aims to
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Meet the company behind contactless ordering for your coffee and cocktails
QR codes are having a major moment and I’m definitely not complaining. You’d be lying if you said you don’t enjoy the convenience of being able to order food and drinks to the table, from your phone. No interruptions to conversation, no waiters getting your order wrong, no weird judgemental faces when you reiterate for
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Xref amps up reference checks with exclusive rights to Graduation Verification Service
If you’re trying to get a job by falsifying your education credentials, don’t even bother because it will most likely land you on some sort of blacklist with HR tech company Xref (ASX: XRF) adding a new education feature to their automated reference check platform. The new feature comes via an exclusive partnership with Higher
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Veris sells mining infrastructure company Aqura Technologies to Telstra
Cashing in on a business they have been incubating since 2016, microcap surveying company Veris (ASX: VRS) has reeled in a big fish via their sale of telecommunications subsidiary Aqura Technology to telco powerhouse Telstra (ASX: TLS) for $30 million. The $30m sale represents approximately 98% of Veris’ market capitalisation prior to the announcement. Since
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Novatti riding the wave towards a cashless society with 53% increase in sales revenue
It’s been just three months since digital payments company Novatti Group (ASX: NOV) was granted merchant acquiring licenses but since then, those licences have created new business opportunities to drive Novatti’s sales revenue up 53%. Reporting $5.8 million in sales revenue for the December quarter, a 53% year-on-year increase, Novatti set a new record for
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Flexiroam to connect SouthEast Asia public transport IoT smart city upgrade
While many Austalians lament the lack of reliability of public transport, there will be no such issues in Malaysia, Singapore and Thailand with upgrades to their networks to integrate the Internet of Things (IoT) bringing with it smart city upgrades that can reduce congestion – connected by telecommunications company Flexiroam (ASX: FRX). The public transport
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Console wars heating up as Sony acquires Bungie in $3.6bn game development coup.
Following last week’s blockbuster acquisition that saw Microsoft Corp acquire Activision Blizzard for USD $69 billion, Sony Interactive Entertainment matched it with their own takeover, acquiring independent game developer Bungie for USD $3.6 billion. Upon settlement of the acquisition, Sony will have exclusive access to one of the most popular first-person shooter games which can
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Grow Daily, Grow Quarterly- Nutritional Growth Solutions living up to their name
Global paedeatric nutrition company Nutritional Growth Solutions (ASX: NGS) are doing just that- growing. The Company creates a proprietary line of supplements scientifically formulated to enhance and support growth in children that has expanded significantly both in range and distribution locales. The clinically proven supplement range was formulated based on research into paediatric nutrition at
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Crowd Media signs PangeaMed as first telehealth client to conversational AI platform
Africans located in remote villages could soon have access to medical advice like never before with artificial intelligence company Crowd Media (ASX: CM8) confirming PangeaMed as the first customer of its proprietary Talking Head platform for use in healthcare. Based in South Africa, PangeaMed specialises in enhanced recovery, health advocacy, patient awareness, data, innovation andRead MorePublic
Making their mark: Pharmaxis to continue clinical trials in revolutionary anti-skin scarring drug
In the wake of their oversubscribed capital raising effort, clinical stage pharmaceutical company Pharmaxis (ASX: PXS) is forging ahead with research into their anti-fibrotic drug pipeline. For those unfamiliar with their work, Pharmaxis is developing drugs based on their proprietary amine-oxidase technology. These drugs work by inhibiting an enzyme pathway that is key in the
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Imugene secures patent for new cancer vaccine in major oncology market
Cancer treatment is slowly shifting away from the standard chemo and radiation and more towards immunotherapy as an alternative treatment. Unlike chemotherapy which destroys healthy, rapidly dividing cells in the body, immunotherapy is more targeted, using the patient’s own immune system to fight cancer. Chemotherapy’s attack on healthy cells causes the well known side effects
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AnteoTech shares crunched as TGA requests more data on their Rapid Antigen Tests
It may be a case of missing the boat for life science company AnteoTech (ASX: ADO) which has been advised by Australian regulators that their submission to have their Rapid Diagnostic Test approved for commercialisation has not met the regulatory requirements, despite a glaring shortage of Rapid Antigen Tests in the community. Additional information was
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Apple beats expectations adapting to the global supply chain issues
Apple Inc. (NASDAQ: AAPL) exhibited their first quarter results on Friday, beating out analyst expectations, showing that the tech giant was able to navigate the global supply chain issues and profit off their new products, including the iPhone 13, new MacBooks, and the Apple Watch Series 7. Sales for the first quarter ending December 25
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Kogan.com shares crunched as supply chain woes accelerate downward spiral
Despite the massive surge in online shopping brought upon by the pandemic and subsequent lockdown restrictions, the market has not reacted well to an update from online retailer Kogan.com (ASX:KGN) whose shares tumbled amid profit downgrades. With supply chain disruptions crippling global commerce, some retailers have had a hard time sourcing inventory but in the
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Sales up 40% as Harris Technology leverages eCommerce network to trial new products
As one of the biggest marketplace sellers in Australia, online tech retailer Harris Technology (ASX: HT8) has suitors knocking on their door keen to leverage their eCommerce infrastructure which contributed to a 40% increase in sales. Reporting $13.4 million in revenue for the December quarter, a 40% increase on the previous corresponding period, sales were
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ASX newcomer Alloggio expands further into Noosa accommodation market
Having just come back from a week in Noosa I can totally understand accommodation provider Alloggio’s (ASX: ALO) decision to expand into the Sunshine Coast. The bustling beachside locale is as close to paradise as you can get, boasting something for everyone with their vast array of shops, restaurants, beautiful beaches, surfing spots and walking
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Another online casino launched as Pointsbet goes live with iGaming in West Virginia
Differentiating themselves from standard bookmakers, sports and wagering company PointsBet (ASX: PBH) continues to make strides with its online casinos business, adding West Virginia to the list of US States they can operate their iGaming app in. The launch of the iGaming online casino in West Virginia comes just months after PointsBet secured regulatory approval
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Yearling sales up 28% as Aussie investment surges following Apiam’s equine expansion
Australians are well known to love a punt on the horses but a rising number of Australians are getting involved in racehorse ownership which resulted in a 28% increase in yearling sale prices at this month’s Magic Millions sale on the Gold Coast. With 776 yearlings changing hands, Australian opened their wallets with aplomb for
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Why pigs on this remote Auckland island may be the key to treating Parkinson’s disease
Of all the places in the world where you thought a cure for Parkinson’s disease might be found, the remote sub-Antarctic Auckland Islands might not have been your first choice but that’s exactly where biotech company Living Cell Technologies (ASX: LCT) will obtain tissue for their clinical trials. Specifically, Living Cell Technologies has secured a
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Caught out by stakeholders, Rio Tinto settles Mongolia class action waiving $2.4bn and more
Despite Rio Tinto (ASX: RIO) originally saying the class action lawsuit brought against them over their Mongolian copper-gold project had no merit, the mining giant has agreed to settle the suit acknowledging that they hadn’t disclosed massive costs and delays for the project Rio Tinto operates the Oyu Tolgoi mine in Mongolia via its Canadian
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BetMakers extends data rights for fixed odds betting on New Jersey horse racing
Wagering tech company BetMakers Technology (ASX: BET) is in the midst of sparking a fixed odds revolution in the US with licenses and partners now in place to introduce fixed odds betting in the State of New Jersey for horse racing. The exclusive rights to offer fixed odds betting in the State was granted by
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The Food Revolution Group wants to revolutionise your morning smoothie
Since being inaugurated into the world of full time work my mornings have become increasingly frantic. There’s only so much you can fit in before 9 and after 5 whilst getting adequate rest, exercise and maintaining some semblance of a social life… Eating well sometimes falls to the bottom of the list in favour of
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Contact lenses to slow nearsightedness to get further clinical validation in new trial
In a break from news about contact tracing, I bring you some about contact lenses. Nearsightedness is a very common condition where sufferers can see objects close to them clearly, but struggle with objects further away. The cause of this lies in the shape of the eye causing light rays to bend incorrectly and therefore
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MCS Services expands into traffic management with Highways Traffic acquisition
If the lingering effects of Omicron are drawn out, the labour shortage issues of today will not be going away any time soon, making labour hire businesses like MCS Services (ASX: MSG) even more attractive as they expand their labour suite to include traffic management. With their existing labour hire services primarily positioned around crowd
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HeraMED rolls out new maternal tech in major WA hospital
Whilst the Government might be making (and subsequently reneging on) policy around prenatal care and IVF visits due to COVID, one company is actually making positive strides ahead. Medical data and technology company HeraMED (ASX: HMD) is readying themselves for a full commercial rollout of HeraCARE, their prenatal and foetal health monitoring system to expectant
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Jatcorp leverages China ties with launch of real estate division as dairy product sales rise
Would you like a house with that milk powder and rapid antigen test? When it comes to diversification, the folk at Jatcorp (ASX: JAT) are happy to ride whatever wave is rising and with their strong ties to China through their distribution network, the dairy products company has entered the real estate market with the
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US markets turn red at close as Netflix disappoints on subscriber growth
US markets were trading strongly in the green this morning but turned red in the last few hours of trade. The futures markets have also sold further into the red after Netflix reported after hours. Netflix beat on earnings estimates and revenue but missed on subscriber growth which has investors worried about what’s to come
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High profile investors target Metaverse assets with ASX reject now valued at $5 billion
Two years ago, the ASX decided that gaming company Animoca Brands did not meet the requirements of an ASX-listed company and kicked the Hong Kong-based company out due to their ties to cryptocurrency. At the time, they were valued at $120 million which was no big loss to the ASX, but fast-forward two years and
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Why you need to visit this Fremantle cargo shed turned brewery
One 1926 cargo shed on the bustling Fremantle Harbour got a facelift recently, having been transformed into Good Drinks Australia’s (ASX: GDA) newest venue. Good Drinks Australia is a passionate independent brewer with brands under its belt such as Gage Roads Brew Co, Atomic Beer Project, Matso’s and San Miguel. The flagship site, named Gage
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Demand for obscure wellness products sees strong sales from Eve Health’s probiotic concentrate drinks
Want to look younger but don’t want to prod your face with injections? You’re not alone because it turns out plenty of youth seekers are consuming collagen via less invasive beauty techniques with Eve Health (ASX: EVE) reporting strong sales of their probiotic concentrate drinks, including those infused with collagen. Such demand has seen Eve
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Zip blocks out external noise with record revenue as Aussies BNPL over the holiday season
Cashing in on the busy retail season, buy-now-pay-later company Zip Co (ASX: Z1P) set a new quarterly record as Australians use the popular app over the past few months leaving repayments as a matter for future-self. With interest picking up around their platform, they have signed on 10 million new customers and a total of
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Focus on customer experience sees investors deposit $3.6 billion with HUB24
Having rolled out a major upgrade to their online investment website, fintech company HUB24 (ASX: HUB) has seen immediate results with $3.6 billion in net inflows over the past three months as more investors move their wealth to HUB24 to gain greater control over their portfolios with seamless reporting functionality. Reflecting upgrades to their customer
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This company would definitely be in your dog’s portfolio
If we focus on silver linings, the pandemic actually brought with it many good things. Think the pleasures of click and collect, the convenience of telehealth appointments and the digitisation of almost every business. Another positive born from the crappiness was the rise in pet ownership, as people found themselves home more and in need
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Pulling art from the canvas and onto face masks: How Redbubble is faring
Redbubble (ASX: RBL) has been helping artists transpose their art from the canvas and onto travel mugs, t-shirts and socks since 2006. Today, Redbubble is a thriving online marketplace, complete with the modern day addition of face masks… how 2020. Accelerated growth in online spending throughout the pandemic, including faux-lockdowns caused by the latest Omicron
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Global demand for Aussie Kingfish drives Clean Seas Seafood to record revenues
Unprecedented global demand for Kingfish has resulted in aquaculture company Clean Seas Seafood (ASX: CSS) needing to clear out two years worth of inventory resulting in its seafood sales to soar to all time highs. For the Half Year ended 31 December 2021, Clean Seas set a new sales record to generate $31.25 million in
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UK regulator approves Bod to trial cannabis as a treatment for COVID symptoms
With rising COVID cases around the world following the latest Omicron strain outbreak, UK regulators are willing to try anything to reduce the mortality rate of COVID-19, including the use of medicinal cannabis for which Bod Australia (ASX: BOD) has been approved to commence clinical trials. The Clinical Trial Authorisation (CTA) has been granted by
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Chafing be gone – Step One launches women’s line of underwear
Ladies fear not, you will soon have your own dedicated line of anti-chafing underwear with clothing company Step One (ASX: STP) to release a women’s line of innerwear originally designed for men to combat chafing. Having invested significantly on Australian television over the past 12 months, Step One underwear features organic bamboo fabric and the
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SelfWealth holding off Stake, aiming to be first broker to combine shares and crypto
In what they have described as a “competitive environment” created by the entry of online stockbroker Stake into Australia, local broker SelfWealth (ASX: SWF) appears to be holding the US fintech giant at bay, reporting increases to their revenue and customer trading accounts. For the Quarter ending 31 December 2021, SelfWealth reported $5.07 million in
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Omicron havoc: More setbacks as Qantas and Jetstar cancel 30% of upcoming flights
Two steps forward, one step back. It’s a recurring nightmare for Qantas (ASX: QAN) but with another spike in COVID cases, the national carrier has again been forced to slash its flights as demand for travel instantly dries up amid fears of spreading the virus. With the latest surge of COVID numbers across the eastern
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Mighty Kingdom cashing in on gaming craze with new East Side Games collaboration
Capitalising on the rise of gaming which has been accelerated by the pandemic and substantially more time spent in front of screens, game developer Mighty Kingdom (ASX: MKL) has expanded its partnership with East Side Games Group for future collaborations. The extension comes after the two have been working on a new Sci-Fi franchise game
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Rent.com.au to accelerate RentPay growth following oversubscribed capital raise
Rising demand for alternative payment solutions for rental expenses saw Rent.com.au (ASX: RNT) launch RentPay last year and with rising adoptions amongst renters, the real estate tech company is set to take the payments platform to the next level following a $2.5 million capital raise. The raise was originally only targeting $2 million in funds
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Airport transfers stall but Jayride eyes travel resumptions with new online booking integrations
It’s been tough sledding for the travel industry over the past two years but with holidays having resumed across most of the world, airport transfers company Jayride (ASX: JAY) has something to look forward to with new integrations into some of the world’s busiest online booking platforms. Despite being the world’s largest marketplace for airport
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Record cannabis sales prompt ECS Botanics to build additional processing facilities
After securing regulatory approval for the export of their product, medicinal cannabis company ECS Botanics (ASX: ECS) could soon become one of the larger exporters to the lucrative European market, so much so they need to build a new processing facility to cope with the demand. The surge in demand has seen ECS Botanics report
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Swooping up dark fibre network, telco prepares to offer Adelaide more reliable internet
Identifying an opportunity to repurpose existing infrastructure for better utilisation, telecommunications company Swoop Holdings (ASX: SWP) has committed to providing residents of Adelaide with more reliable internet via their acquisition of a dark fibre network that runs through the City of Churches. The deal will see Swoop acquire the dark fibre network assets and customers
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While rest of world goes cashless, Vortiv expects strong earnings from Indian ATM business
At a time when the developed world is moving towards a cashless society, tech company Vortiv (ASX: VOR) has identified a unique opportunity to monetise old ATM networks which includes their value as surveillance tools over the Indian population. Since announcing the buyout of their joint venture partner in Transaction Solutions International (TSI India), Vortiv
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Utilising the blockchain, Security Matters develops markers to trace organic oyster origination
Don’t get fooled buying premium oysters only to find out they came from some crappy farm. While it may not be an ‘everyday problem’ the possibility of seafood forgery is real and something that could be stamped out of the industry in the future thanks to blockchain tech company Security Matters (ASX: SMX) which has
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IPO Watch: Catalano’s Seafood seeking $5m to expand ocean-to-plate distribution
With Australian seafood consumption rising, food processing company Catalano’s Seafood is set to upgrade its Seafood Management Solution via an IPO seeking to raise $5 million to expand its ‘ocean-to-plate’ distribution network. Founded in 1969, the Perth-based seafood company has established itself as a vital supply chain partner within the aquaculture industry that provides food
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December 2021 Economic Wrap and the ASX Stocks that Moved
US markets were stronger in the month, with the Dow Jones up +5.4% and S&P500 gaining +4.4% to finish 2021 nearly +27% higher, its biggest annual percentage gain since 2019 and its third straight positive year. Sentiment improved as a trio of studies found that the omicron variant led to lower hospitalization risk than the
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Insider buying, confident Novatti boss buys $316k of stock
Kicking off what could be a big year for digital payments company Novatti Group (ASX: NOV), CEO and Managing Director Peter Cook has signaled his intent for the Melbourne-based fintech with a purchase of $316k worth of NOV shares in what could be a sign of news to come in 2022. An original co-founder of
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Papyrus successfully manufactures food containers from 100% banana tree waste
The world continues to find new ways to reduce our reliance on plastic with agritech company Papyrus (ASX: PPY) successfully producing the world’s first food packaging that uses 100% banana fibre. The packaging is a Banana Fibre Clam Shell moulded product which was produced at their manufacturing facility in Sharqiyah, Egypt. With the successful production
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Momentum continues for Pharmaxis with $1.4m in grants following oversubscribed raise
Just days after closing their oversubscribed $9.8 million capital raise, drug developer Pharmaxis (ASX: PXS) has seen further funding devoted to its projects, this time from the Government to apply work towards skin diseases and pancreatic cancer. The NMHRC Drug Development Grant scheme is an Australian government initiative set up to provide financial aid to
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Wide Open Agriculture continues Asian expansion with new distribution partner appointed
The people of Hong Kong and Macau are set to receive yet another non-dairy alternative when it comes to their morning latte or bubble tea. Wide Open Agriculture (ASX: WOA) has signed a distribution agreement with Metro Alliance Ltd. to distribute their carbon-neutral, regenerative oat milk through the region. Metro will also complete sales, marketing
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Latitude makes $335m play for Humm’s BNPL division after BOQ pulls out
Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
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Investing over pancakes: this one app is a millennial essential
Just the other day I was stupefied by the fact that my otherwise financially savvy boyfriend didn’t have Raiz (ASX: RZI) on his phone. “YOU DON’T KNOW ABOUT RAIZ?!” I blurted out, mouth full of pancakes that he’d made (side note: this one is definitely a keeper). “Who doesn’t know about Raiz? Give me your
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More road construction contracts for Decmil with WA and QLD wins
The New Year period may be a time to wind down for some, but it hasn’t been for infrastructure development company Decmil (ASX: DCG) which has been awarded road construction contracts on opposite sides of the country in both Western Australia and Queensland. The larger of the two has been awarded by Main Roads, Western
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RATs – The ASX-listed companies manufacturing Rapid Antigen Tests that you cannot buy
With ‘Rapid Antigen Test’ having only taken several days to likely be one of the most commonly used words of 2022, everyone is looking for them but demand is monumentally outweighing supply. With their surge in use, it may only be a matter of time until Australian regulators fast-track approval of more RAT manufacturers with
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Uh oh…People: A new approach to treating Social Anxiety Disorder
If the festive season has left you feeling depleted and ready for a solid few nights in, cemented to the couch, you’re not alone. Social interactions can be draining at the best of times for my fellow introverts, but it’s even tougher for those with Social Anxiety Disorder. According to the Diagnostic and Statistical Manual
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Season’s Greetings from the Team at The Sentiment!
2021 has been an incredible year for investors that have witnessed the market recover from the onset of a global pandemic to return to its pre-COVID levels. With these investment opportunities, our small team at The Sentiment covered more ASX-listed companies and published more market updates than ever before. We’ll now be taking some time
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Healthia acquires 10 new allied health clinics amid end of year healthcare spending boom
If you’re one of the 14 million Australians with private health insurance, there’s a good chance you’ll be knocking on a door owned by Healthia (ASX: HLA) to utilise your extras coverage for a new pair of glasses or orthotics before the benefits lapse at the end of 2021. That’s because Healthia already has 292Read MorePublic
Crowd Media enters the Metaverse with digital real estate purchase
With public interest in digital worlds accelerated by the transition from Facebook to Meta and the upcoming launch of their Metaverse, artificial intelligence company Crowd Media (ASX: CM8) has given a glimpse into its plans within these digital worlds. Unlike others that are just coming to the party in the form of virtual reality tech,
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BikeExchange to offer fully-built bikes delivered from online sales via Kitzuma acquisition
Online bicycle marketplace operator BikeExchange (ASX: BEX) is addressing one of the biggest pain points to buying a bike online, by offering them fully built without the need to put it together from a box via their acquisition of delivery and logistics company Kitzuma. As a growing business that services all major regions of North
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Creating a culture of wellbeing to become an employer of choice
Whilst they might have just been acquired by fintech giant HUB24 (ASX: HUB) things haven’t changed at Class (ASX: CL1) with regard to their people and culture. Investing in people has always been a priority for the tech company, especially given the so called ‘war on talent’ that has hiring managers and HR staff pulling
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Special delivery: unique drug delivery system receives new US patent
Let’s rewind to Year 10 biology- you know that mitochondria is the powerhouse of the cell, chances are you vaguely remember the golgi apparatus but do you remember what an exosome is? Exosomes, or extracellular vesicles are little packages delivering molecules and enhancing cell-to-cell communication. Clinical- stage biopharmaceutical company Exopharm (ASX: EX1) is utilising exosomes
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Marley Spoon emerges as winner of meal delivery stakes with acquisition of Chefgood
Having ridden out the surge in demand for meal delivery services brought upon by the pandemic, Marley Spoon (ASX: MMM) is set to be one of the few brands that will maintain that momentum in the post-COVID world with the sector poised to undergo a period of consolidation. Demand for such services was first accelerated
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Nine fights back against streaming services, extends NRL broadcast deal by 5 years for $650m
If there’s one thing the NRL can do that the AFL cannot, it is maintain just one partner – in broadcasting terms at least. The 30 year marriage will continue at least to the end of 2027 with the National Rugby League (NRL) agreeing to terms with Nine Entertainment (ASX: NEC) for a 5-year extension
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Stuck in line waiting for a COVID test? This company is loving the 4+ hour wait times
Perhaps the displeasure of waiting in line for hours to get a COVID test this holiday season would be slightly allayed if you were a shareholder in a pathology company doing the leg work? Investors who saw the value in pathology and ‘pro-pandemic’ stocks like Australian Clinical Labs (ASX: ACL) will be glad to read
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Queensland Revenue Office engages SenSen for mobile number plate scanning
Work smarter, not harder. That’s exactly what the Queensland State Revenue Office is going to do going forward as the State increases its smart city capabilities, having engaged tech company SenSen Networks (ASX: SNS) for mobile number plate scanning. The engagement will be for 3 years and is valued at a minimum of $192,000 to
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Shareholders back Pharmaxis liver cancer treatment trials via oversubscribed capital raise
When the University of Rochester came knocking on the door of biopharmaceutical company Pharmaxis (ASX: PXS), it was a boost from a respected group of researchers for their lead drug candidate PXS-5505 which has continued to draw attention from around the world. By agreement with Pharmaxis, the University of Rochester embarked on preclinical work on
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Concussion tech company bringing product to grassroots athletes
Take it from me- concussions are awful. There’s unrelenting dizziness, nausea and that foggy brain feeling, if you’re lucky. Those who fare worse can be left with permanent issues with balance, mood, memory and cognition. A major cause of concussion is sport, where concussion management technology company HITIQ (ASX: HIQ) is working to reduce its
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Lumos receives first orders from Canada for rapid COVID test kits following regulatory approval
Having secured approval from regulators in Canada last month, Lumos Diagnostics (ASX: LDX) is set to dispatch the first orders of their rapid antigen test kit to the Maple nation with the initial orders valued at USD $250,000 (AUD $350,000). The orders are for Lumos’ CoviDx™ test kit which will enable qualified healthcare providers to
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Crowd Media to target the Metaverse with their digital avatar platform
If the artificial intelligence technology being developed by Crowd Media (ASX: CM8) reaches its full potential, there is a pretty good chance you’ll be using it in everyday life for things like banking or doctors appointments. But what may be even more impressive, is that you could be doing it in the Metaverse rather than
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MoneyMe to increases loan book by 72% with SocietyOne acquisition
Deep into the pandemic where debt levels are at all time highs, personal lender MoneyMe (ASX: MME) is set to join forces with rival Society One which will elevate the two lenders in a hugely competitive sector that will increase revenue opportunities while also saving more than $17m per annum in shared expenses. The acquisition
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Tech gets hammered as investors move back to Value
Overnight, the S&P500 failed again at the 4,711 all-time high resistance, Tech and Discretionary stocks hammered lower whilst the more value-based stocks like Banks and Materials pushed higher. Traditionally Value tends to outperform growth when interest rates go up. At this stage, investors are adjusting to the FED meeting yesterday. We saw strong movement in
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Battered but not broken, Qantas brings back workforce despite slow international travel outlook
“I’ve been to cities that never closed down, from New York to Rome and Old London Town but no matter how far or how wide I roam, I still call Australia home.” It’s the iconic sounds of the Australian Boys and Girls Choir that made Australian marketing folklore with Qantas’ heart-tugging 1998 ad. Unfortunately for
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Treasury Wine Estates has a new, sustainable focus on viticulture
Sustainability and environmentalism are important in every aspect of our lives, and every effort counts. Businesses that are environmentally conscious fare better than their counterparts in multiple areas from reduced overheads to appealing to a larger client and talent base. Corporate strategies are being designed with sustainability in mind to ensure longevity and reduce the
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Novatti adds corporate firepower with Abigail Cheadle appointed as a director
With plans to expand throughout SouthEast Asia next year, digital payments company Novatti Group (ASX: NOV) has turned heads with the appointment of Abigail Cheadle to their Board of Directors, bringing with her more than 30 years of experience in corporate strategy. Ms Cheadle is the first new Board appointment by Novatti since they were
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Travel tech platform Alloggio to expand into Great Ocean Road region
Despite omicron related fears looming, travel tech company Alloggio (ASX: ALO) made their ASX debut this month with a $45 million float. The vacation accommodation platform chose to go ahead with their IPO just in time for the holiday season where more Australians are likely to ‘holiday at home’, rediscovering domestic offerings. With their share
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