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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