Universal Store Holdings Ltd. operates offline and online clothing stores. The company is headquartered in Brisbane, Queensland. The firm is principally engaged in retail operations in the fashion market segment in Australia. The company has approximately 76 physical stores, with 73 Universal Stores and three Perfect Stranger stores. Universal Store brand targets a network of 100+ sites across Australia and New Zealand. The firm offers clothing, shoes and accessories for both females and males. The company offers various types of clothing products, which include tops and shirts, t-shirts and tank tops, jeans, dresses, sets and coordinates, jumpers and knits, coats and jackets, pants, skirts, shorts, underwear, swimwear, hoodies and sweaters, jackets and coats, shirts and polos, pants, shorts, muscle shirts and singlets, and other. Its shoe offerings include boots, heels, platform shoes, slides and sandals, sneakers, kids shoes and other. The company also offers various type of accessories, including bags, gifts and lifestyle, hair and beauty, jewelry and other.

Here are the latest articles on Universal Store Holdings (ASX: UNI)

AML3D announces stronger FY26, with positive EBITDA reported in the second half

Adelaide-based metal printing group books record $12.5 million revenue and a record $78 million sales pipeline as its bet on American defence manufacturing starts to pay off. AML3D Limited (ASX:AL3) has released 2026 financial year (FY26) results that included record revenue and order book levels, a positive EBITDA in the second half of the year,

Refurbished tech gives Harris Technology a second life

Harris Technology has found a higher-margin growth engine in an unlikely place: the market for second-hand laptops, computers and other electronic equipment, as cost-conscious Australians increasingly trade new-for-new for value. Harris Technology Group (ASX: HT8) has delivered what management describes as an inflection point, with a sharp rise in refurbished technology sales helping the online

Imagion Biosystems Advances MagSense® Phase 2 Trial

Imagion Biosystems (ASX: IBX) is moving its MagSense® HER2 Imaging Agent Phase 1b/2 clinical trial towards patient enrolment, with key study partners now engaged and the investigational product ready for distribution. This impending trial takes the company a step closer to developing a more precise cancer imaging offering that fills a key gap in clinical

Acrux-developed Menopause Hormone Therapy to enter Australian market

Acrux (ASX:ACR) is set to bring its transdermal Estradiol spray Lenzetto® to the Australian market after expanding its licensing agreement with long-term partner Gedeon Richter Plc. The move could deliver Acrux up to AUD 5.4 million in milestone payments over a set period. The amended agreement comes at a critical time for Australian women, with

Evion Expands Critical Minerals Push with Nevada Fluorspar Option

The race to secure Western-aligned critical minerals supply chains is accelerating as governments and industry look to reduce dependence on imported materials used across batteries, semiconductors, defence and advanced manufacturing. Against that backdrop, Evion Group NL (ASX:EVG) has moved to establish exposure to another strategic mineral, announcing an option agreement over the historically producing CARP

Green360 Secures Holcim as First Commercial Eco-Clay Customer in Major Validation Milestone

Green360 Technologies (ASX:GT3) has taken a major step forward in the commercialisation of its low-carbon cement replacement product Eco-Clay, signing a non-binding Memorandum of Understanding (MOU) with Holcim (Australia) Pty Ltd for supply into Holcim’s Victorian concrete operations. The agreement marks the first named commercial customer for Eco-Clay and comes just weeks after Green360 completed

Aerometrex Expands MetroMap Partner Program as Scalable Model Gains Traction

Australia’s growing reliance on geospatial data across industries, from solar and property to environmental management, is driving demand for scalable aerial intelligence platforms. As more businesses embed location-based data into everyday workflows, distribution models that integrate directly into industry platforms are emerging as a key pathway to growth. Against this backdrop, Aerometrex Limited (ASX: AMX)

Middle East Conflict Starts to Hurt Corporate Earnings Outlooks

Companies’ efforts to grow their businesses can be compromised when factors outside their control start to adversely impact their financial performance. Market conditions at a sector- or even broader macro-level can seriously erode earnings potential – and with it, share price performance. Oftentimes these adverse effects are fleeting, and more normal trading conditions quickly return.

European Lithium and Critical Metals Secure Control of Tanbreez Rare Earth Project

European Lithium (ASX: EUR) has confirmed that Critical Metals Corp. (NASDAQ: CRML) has secured 92.5% ownership of the Tanbreez Rare Earth Project in Greenland, following government approval to acquire the remaining 50.5% interest. The milestone, which will see European Lithium retain a minority stake in the latter project, gives Critical Metals Corp majority control over

Harris Technology’s refurbished boom signals FY26 profit inflection

Harris Technology Group (ASX: HT8) is on the cusp of a return to profitability, with surging demand for refurbished technology driving a material turnaround in its financial performance through FY26. In its March quarter update, the Company reported $4.6 million in revenue, underpinned by consistent momentum in its refurbished division, where monthly sales exceeded $0.7

Predictive Discovery and Robex Complete Merger to Form West African Gold Leader

Predictive Discovery (ASX: PDI) and Robex Resources (ASX: RXR) have completed their merger, creating a leading West African gold production and development company targeting annual production of more than 400,000 ounces by 2029. Transformational Merger Completed Under the terms of the merger, Predictive Discovery has acquired 100% of Robex’s issued shares. Robex shareholders received Predictive

Aquirian Secures $48 Million Drillforce Contract with Brightstar Resources

Aquirian (ASX: AQN) has secured a three year drilling and energetics services contract through its subsidiary Drillforce with Brightstar Resources (ASX: BTR) for its Lord Byron open pit mine in Western Australia. The agreement represents a key milestone in Aquirian’s efforts to grow the client list for its technology-led mining services offering. Long-Term Contract Secured

Champion Iron Completes Acquisition of Rana Gruber, Expands Global High-Purity Iron Ore Platform

Champion Iron (ASX: CIA) has completed its acquisition of Norwegian iron ore producer Rana Gruber, securing a controlling interest through a cash offer and marking a significant step in building a diversified, global high-purity iron ore business. Transformational Acquisition Strengthens Market Position The Company received acceptances representing over 92% of Rana Gruber’s issued capital, enabling

Jindalee Signs Agreement to List McDermitt Lithium Project on NASDAQ

Jindalee Lithium (ASX: JLL) has executed a binding Business Combination Agreement with Constellation Acquisition Corp I to establish US Elemental Inc. as a NASDAQ listed company holding its US assets, including the McDermitt Lithium Project in Oregon. The transaction represents a key step in accessing US capital markets to support development of one of the

Xamble Advances AI Transformation Strategy Following YouthsToday Acquisition

Xamble Group (ASX: XGL) has outlined a major AI-driven transformation strategy ahead of completing its acquisition of YouthsToday, targeting improved profitability, operational efficiency, and scalable growth across Southeast Asia. The initiative is expected to deliver material cost savings while positioning the Company as a full-spectrum influencer platform in the region. Transformational Acquisition Expands Regional Platform

Kina Securities (ASX:KSL): Earnings growth, dividend strength & expanding in Papua New Guinea

Transcription of The Stock Network Interview with Kina Securities (ASX:KSL), CEO Ivan Vidovich Lel Smits: Kina Securities, one of the leading financial services groups in Papua New Guinea, has delivered a strong full year result highlighted by double-digit earnings growth, diversified revenue expansion and disciplined investment in organizational capabilities. Kina also strengthened its balance sheet

Ore Resources Completes Randalls Gold Project Acquisition, Expanding Kal East Footprint

Ore Resources (ASX: OR3) has completed the acquisition of the Randalls Gold Project, consolidating its Kal East Gold Projects into a contiguous 740.5 km² landholding in Western Australia’s Goldfields. The milestone strengthens the Company’s position in a highly prospective gold district and supports the advancement of multiple exploration targets. Strategic Consolidation of Kal East The

KGL Resources Secures US$300M Streaming Agreement to Fund Jervois Project

KGL Resources (ASX: KGL) has entered into a US$300 million precious metals streaming agreement with Wheaton Precious Metals to support development of its Jervois Copper Project in the Northern Territory. The funding marks a major step toward construction, positioning KGL Resources as a potential new Australian copper producer. Major Funding Milestone for Jervois The agreement

Omega Advances Taroom Trough Expansion with H&P Rig Contract

Australia’s energy sector is increasingly focused on unlocking new domestic oil and gas supply, with emerging basins like the Taroom Trough drawing significant attention. As drilling activity ramps up across the region in 2026, operators are positioning to delineate the reservoir and resource distribution that could contribute to long-term energy and liquid-fuel security. Against this

Swift Expands Offshore Footprint with Oil and Gas Vessel Deployment

Offshore oil and gas operations present a unique environment for technology deployment, where connectivity, communication and workforce engagement are critical. As operators look to improve living conditions and operational efficiency on remote assets, integrated digital platforms are emerging as a key solution. Swift TV (ASX:STV) has taken a step into this market and received a

Advanced Innergy to Acquire Matrix Composites & Engineering

Advanced Innergy Holdings (ASX: AIH) has submitted a non-binding and indicative proposal to the Board of Matrix Composites & Engineering (ASX: MCE) to acquire all of the shares in Matrix for AUD$0.40 per share via a scheme of arrangement. The proposed takeover price is a significant 66.3% premium to the 5-day VWAP, and marks a

Elixir Energy Completes Teelba 2D Seismic Survey

Elixir Energy (ASX: EXR) has successfully completed the Teelba 2D seismic survey in Queensland’s Taroom Trough, achieving this exploration milestone on schedule and on budget. The survey collected 225 km of high-resolution seismic data across some of the Company’s most prospective acreage, supporting the potential definition of a new 2C Contingent gas-condensate Resource. High-Resolution Seismic

Tetratherix (ASX:TTX): Advancing a multi-product regenerative medicine platform

Transcription of The Stock Network Interview with Tetratherix (ASX:TTX), CEO Will Knox Lel Smits: Tetratherix is progressing a portfolio of regenerative medicine technologies built on its proprietary Tetra Matrix platform, designed to support bone regeneration, tissue spacing, and tissue healing across multiple surgical applications. With several products moving through clinical validation and regulatory pathways, Tetratherix is

Janus Electric Secures $2.75M Funding to Advance Zero-Emission Transport Rollout

The transition to zero-emission transport is accelerating as freight and logistics operators seek viable pathways to electrification. With increasing focus on reducing emissions across heavy vehicle fleets, access to capital for technology development and deployment remains a key factor in scaling solutions. Janus Electric Holdings (ASX:JNS) has secured new funding to support this shift, locking

InteliCare Lands $8.8M Aged Care Deal to Drive Platform Expansion

Australia’s aged care sector is under increasing pressure from rising costs, workforce shortages and more complex resident needs. As providers look to improve efficiency and care outcomes, technology-enabled models, particularly those using data and real-time monitoring, are becoming central to future service delivery. InteliCare Holdings (ASX:ICR) has secured a major contract in this space, signing

Surefire Identifies New Gold Discovery at Yidby with High-Grade Surface Results

Strong gold prices and continued exploration across Western Australia are driving renewed focus on underexplored regions with historical mineralisation. Projects demonstrating high-grade surface results are attracting attention as potential sources of future discoveries. Surefire Resources (ASX:SRN) has reported a new gold discovery at its Yidby Gold Project in Western Australia, with high-grade surface rock samples

EVE Targets Expansion in Global Pharma Markets Following $0.9m Raise

Pharmaceutical companies are increasingly targeting drugs nearing patent expiry, using reformulation strategies to unlock value in large, established markets. By improving the delivery and usability of known compounds, companies can access significant global opportunities while leveraging existing safety profiles. EVE Health Group Limited (ASX:EVE) is advancing this approach, raising $0.9 million to support expansion across

Emyria Expands Into Victoria as Medibank Backs Mental Health Programs

Australia’s mental health system continues to face rising demand, with nearly half the population expected to experience a mental health condition in their lifetime. Access to specialist care for complex conditions like treatment-resistant depression and PTSD remains limited, often constrained by cost and availability. Emyria Limited (ASX:EMD) is targeting this gap by expanding insurer-backed treatment

Far East Gold (ASX:FEG): High-grade gold extensions at Sua with JORC resource update pending

Transcription of The Stock Network Interview with Far East Gold (ASX:FEG), CEO Shane Menere Lel Smits: Far East Gold is advancing its flagship Eidenberg Gold project in Papua, Indonesia, where recent extension drilling at the sewer prospect has confirmed high-grade gold mineralisation extending both down-dip and along-strike. I’m joined today by Managing Director and CEO,

Nuchev Shifts to Distribution Model to Drive Margins and Scale Growth

Health, wellness and beauty categories continue to expand, driven by long-term consumer trends around self-care and preventative health. As these segments grow, companies with control over pricing, brand execution and distribution are better positioned to capture margin and scale efficiently. Nuchev Limited (ASX:NUC) is moving to strengthen its position across these categories, entering a new

FlexiRoam Targets Travel Insurance Market with Generali AI Partnership

The global travel insurance sector is expanding rapidly, creating new opportunities to embed digital services directly into customer journeys. With the market projected to reach US$132.9 billion by 2034 according to Allied Market Research, companies offering seamless, value-added solutions are positioning for early advantage. FlexiRoam Limited (ASX:FRX) is moving into this space through a new

Kincora Copper (ASX & TSXV: KCC): Expanding Cowal East & deploying next-generation exploration tech

Transcription of The Stock Network Interview with Kincora Copper (ASX & TSXV: KCC), President and CEO Sam Spring Lel Smits: Kincora Copper has expanded its wholly owned Cowl East project in the highly prospective Cowl Igneous complex in New South Wales, increasing its landholding by 40% and commencing the first exploration activities on the ground

Recce Expands Patent Footprint into Brazil’s Growing Antibiotics Market

As demand grows for new solutions to combat antibiotic resistance, Brazil is emerging as a key market for anti-infective developers, offering both scale and steady growth. Recce Pharmaceuticals Limited (ASX:RCE) has moved to capitalise on this opportunity, securing a new patent grant that strengthens its global intellectual property position. Recce Expands Patent Protection Recce has

Mount Ridley Defines Major Heavy Rare Earth Resource with 41% HREE Ratio

Demand for heavy rare earth elements is rising globally, driven by their critical role in high performance magnets used in electric vehicles, wind turbines and advanced defence technologies. Projects with high proportions of valuable heavy rare earths such as dysprosium and terbium are becoming highly important within global supply chains. Mount Ridley Mines (ASX:MRD) has

49 Metals (ASX:49M): Nevada gold ASX IPO targets high-grade discovery at Gold Mountain

Transcription of The Stock Network Interview with 49 Metals (ASX:49M), Chief Executive Officer Phil Carter Lel Smits: 9Metals is preparing to list on the ASX with a $10 million IPO to advance its highly prospective Nevada gold portfolio. The company’s immediate focus is the drill-ready gold mountain project in the Walker Lane trend, where an

Energy Technologies Acquires Maradin IP to Advance Laser Projection Commercialisation via Cogenic

Demand for advanced optical and projection technologies is increasing globally, driven by growth in Defence, Aerospace, and Extended Reality applications. As industries move toward more immersive and high-performance display solutions, technologies enabling precision projection, flexibility, and scalability are becoming increasingly important. Energy Technologies (ASX:EGY) has capitalised on this trend, acquiring Maradin Ltd’s Laser Optical Engineering

Baumgartners: Top strategies for tax & business efficiency in Australia’s racing & business sectors

Lel Smits: Paul Carrazzo is a partner at Baumgartner’s, a full-service tax accounting audit and business advisory practice, recognized as an AFR top 100 firm. Paul is widely regarded as Australia’s leading tax advisor to the thoroughbred racing and breeding industry, while also supporting a broad range of clients including multinational enterprises. Ahead of appearing

TMK Energy Completes Heavily Oversubscribed $6M Placement to Accelerate Gas Growth

Strong investor demand for advancing energy projects is continuing as companies move closer to production and commercialisation milestones. Capital is increasingly flowing to assets demonstrating progress, scale potential, and near-term development pathways. TMK Energy (ASX:TMK) has secured firm commitments to raise $6.0 million through a heavily oversubscribed placement, attracting strong support from institutional investors, high

Synertec Secures TasNetworks Contract for Powerhouse Community Battery Deployments Under ARENA Program

Demand for energy storage and grid stabilisation technologies is rising across Australia’s energy sector, driven by the transition to renewables, increasing rooftop solar, and the need to improve network reliability. Community battery systems are becoming increasingly important to support energy resources and enable more efficient electricity networks. Synertec Corporation (ASX:SOP) has capitalised on this trend,

Lunnon Metals (ASX:LM8): First gold production at Lady Herial & strengthening growth pipeline

Transcription of The Stock Network Interview with Lunnon Metals (ASX:LM8), Managing Director Edmund Ainscough Lel Smits: Lunnon Metals is advancing a pivotal phase of growth at its gold-focused operations within Western Australia’s St Ives Gold Camp. During the December 2025 quarter, the company progressed drilling, permitting and de-risking activities across its portfolio, culminating post-quarter in

Far East Gold (ASX:FEG): De-risking Indonesian gold growth by strong government & community ties

Transcription of The Stock Network Interview with Far East Gold (ASX:FEG), Country Director and Co-Founder Jimbarlow Gultom Lel Smits: Far East Gold is advancing a portfolio of copper and gold projects across Indonesia and Australia underpinned by combined JORC resources of gold and copper. In Indonesia, the company continues to deliver high-grade drilling results at

Boom in refurbished tech adoption drives Harris Technology into profitability

Online retailer Harris Technology Group (ASX: HT8) has returned to profitability after a two-year turnaround, with the pure-play online retailer crediting its aggressive expansion into refurbished technology for driving a sharp improvement in earnings and cash flow. The company reported sales revenue of $8.3 million for the six months to 31 December 2025, up 18.9% year-on-year.

Monash IVF charts steady recovery after turbulent year

Fertility services provider Monash IVF Group (ASX: MVF) says it is on a path back to stability after a tumultuous year marked by an IVF laboratory incident that triggered executive turnover, dented patient confidence and weighed on earnings. The company reported first-half FY26 revenue of $137.9 million, down 1.8% on the prior corresponding period, and

Capral sees lift in sales and outlook as with Government push for new home builds

Aluminium products company Capral (ASX: CAA) has posted higher earnings for FY25, positioning itself for further growth as early signs of a recovery in new home construction begin to flow through to demand for aluminium products. Australia’s largest extruder and distributor of aluminium reported revenue of $686 million for the 12 months to 31 December 2025,

Tabcorp delivers double-digit earnings growth as cost cutting offsets soft sports wagering

Tabcorp (ASX: TAH) has delivered a steady first-half performance for FY26, posting double-digit earnings growth despite challenging conditions across Australia’s highly competitive wagering market. The wagering and media group reported revenue of $1.34 billion for the six months to 31 December 2025, up 1.0% on the prior corresponding period. Group EBITDA rose 14.3% to $217.4 million,

Refurbished tech pivot gathers momentum as Harris Technology’s margins expand and cash flow turns positive

After several challenging years for Australian retailers grappling with cost-of-living pressures and post-COVID inflation, eCommerce company Harris Technology (ASX: HT8) is emerging with renewed momentum, driven by the rapid scaling of its refurbished tech division. For the quarter ended 31 December 2025, The online retailer generated $4.4 million in sales revenue, up 16% on the

Semtech and EMASS Bring Intelligence to the Edge as AI Meets Long-Range IoT

Australia’s industrial and IoT sectors are racing toward smarter, more autonomous sensing and one of the clearest opportunities is at the extreme edge, where devices must operate on tiny batteries and stay connected across vast distances. That gap between intelligence and efficiency is exactly where Nanoveu’s (ASX:NVU) subsidiary EMASS and US-listed Semtech believe they can

Control Bionics Moves to Fully Acquire NeuroBounce Program as EMG-Based Performance Tech Gains Momentum

As interest in neuromuscular activation tools accelerates across elite sport, Control Bionics Limited (ASX:CBL) is positioning itself to capture a growing performance market by moving to acquire full ownership of Neuro Elite Athletics, the U.S. group behind the NeuroBounce program. The company has been building an adjacent footprint in athletic performance through electromyography (EMG)-driven technology,

SKS Technologies Moves to Expand NSW Footprint With Delta Elcom Acquisition

Australia’s data-centre construction sector continues to surge on the back of cloud adoption, AI-driven computing needs and hyperscale investment. NSW remains the country’s dominant hub, making it a key battleground for contractors seeking scale, capability and recurring mission-critical work. Against this backdrop, SKS Technologies Group (ASX:SKS) has moved to deepen its position in the state,

Monash University Partners with HITIQ to Advance Concussion Science Using Smart Mouthguards

A major Australian research initiative is set to push forward global understanding of brain injury, with Monash University selecting HITIQ’s PROTEQT™ instrumented mouthguard technology for a prestigious Australian Research Council (ARC) Discovery Project. The $799,866 grant will fund a study that aims to define the thresholds at which repeated head impacts cause brain injury –

Harris Technology targets return to profitability amid surging Refurbished Tech sales and Apple expansion

Following a successful FY25 which saw a boost in gross profit after launching its refurbished technology division, Harris Technology (ASX: HT8) has started FY26 with strong momentum, propelled by the addition of Apple products to its refurbished portfolio. For the quarter ending 30 September 2025, the online retailer reported $3.8 million in sales – a

Pivotal Metals Secures $5.4M to Fast-Track Quebec Drill Program

Pivotal Metals (ASX:PVT) has locked in $5.4 million in fresh funding to accelerate exploration across its 100%-owned Quebec copper portfolio, in what Managing Director Ivan Fairhall calls a “transformational milestone” for the company. “This is a transformational milestone for Pivotal, and a significant validation for our Quebec project portfolio,” Fairhall said. “Our Belleterre project hosts

Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise

Biotech company Biotron Limited (ASX:BIT) has announced a bold step into the anaesthetics sector, acquiring Sedarex Limited, a private company developing a next-generation general anaesthetic, alongside a $2.5 million capital raising to support the deal and future development. The move positions Biotron in a multi-billion-dollar global anaesthetics market – one increasingly focused on safer, more

DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment

DroneShield (ASX:DRO) is expanding its Australian footprint with a $13 million investment to establish a new research and development facility in Adelaide, South Australia, strengthening the state’s growing reputation as a hub for advanced defence and aerospace technology. Expanding into Australia’s Defence Capital The three-year investment will fund operational and capital expenditure to build a

Stakk Secures T-Mobile Contract to Power Super App Expansion

Australian fintech Stakk (ASX:SKK) has signed a three-year agreement with U.S. telecommunications giant T-Mobile USA, Inc., positioning itself inside one of the world’s largest telco ecosystems. The deal places Stakk’s embedded finance technology directly into T-Mobile’s new T-Life Super App, supporting the T-Mobile Money service and giving the company exposure to a potential base of

Medibank Backs Emyria with Landmark Depression Care Deal

Australia’s mental health burden is growing – and one of the toughest challenges is treatment-resistant depression (TRD). Around 4.6% of Australians experience depression in any given year, and about a third of these cases fail to respond to standard therapies. For this group, new models of care are urgently needed. Against this backdrop, Medibank Private

NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI

NoviqTech Limited (ASX:NVQ) has taken a decisive step into the quantum computing market, unveiling the beta launch of its first two commercial products under subsidiary Quantum Intelligence Pty Ltd (QI). The release of QI Provenance and QI AI positions the company at the front of efforts to integrate quantum-classical computing into enterprise systems. NoviqTech leverages

BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil

Brazilian Rare Earths Limited (ASX:BRE) has cleared its last regulatory hurdle to begin pilot operations at its rare earth beneficiation and hydrometallurgy plant within the Camaçari Petrochemical Complex located in Bahia, Brazil, with operations expected to commence in mid-2026. The company says this marks a decisive step in moving from discovery to development in a

Harris Technology eyes profitability as refurbished tech sales surge

In an era of rising living costs and shifting consumer priorities, one Australian company is rewriting the rules of technology retail. Harris Technology (ASX: HT8) has reinvented itself from a traditional IT supplier into a refurbished tech leader, climbing to the top of Amazon Australia’s refurbished IT rankings in under two years. With Australians increasingly

QIC Fund Backs Ark Mines with $4.5m to Accelerate Sandy Mitchell Development

Queensland’s push to strengthen its critical minerals supply chain has taken another step forward, with Ark Mines (ASX:AHK) securing a $4.5 million investment from the state-owned QIC Critical Minerals and Battery Technology Fund (QCMBTF). The funding package is designed to accelerate work at the company’s Sandy Mitchell Rare Earth and Heavy Mineral Project, located 230km

Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services

Oil and gas operations continue to offer steady demand for specialist technology services, with Swift Networks (ASX:SW1) securing another foothold through a $2.4 million renewal agreement. The company announced it will continue providing 24/7 technical support and entertainment services across three Chevron facilities, in a deal signed with Compass Group. The 12-month contract covers Chevron’s

FBR’s tech could help reduce housing construction-related cost pressures

If there was one extra house built for every so-called expert out there offering up solutions to Australia’s seemingly intractable housing crisis, the problem would be solved. Oftentimes, these solutions entail supply side initiatives that will supposedly see the number of dwellings available for sale expand to growing demand. But simply saying that a ‘build,

Atomo Locks in US$410K Pascal Order as FebriDx Demand Accelerates in the US

Atomo Diagnostics (ASX:AT1) has secured a significant new order for its patented Pascal cassette, with strategic partner Lumos Diagnostics (ASX:LDX) placing a US$410,000 (A$630,000) order to support increasing demand for the FebriDx® test in the United States. This is the first Pascal order since Lumos entered a six-year exclusive US distribution agreement with PHASE Scientific,

June 2025 quarter CPI no roadblock to August RBA rate cut

The June 2025 quarter CPI data released today were cheered by mortgage holders and share market investors alike. They also put smiles on the faces of Federal politicians on the government side of the house! This because all these groups quickly surmised that these heavily scrutinised price statistics give the Reserve Bank of Australia (RBA)

Vection Secures $7.3M Defence Extension as AI Demand Strengthens

AI Gains Ground in Defence Sector As governments increase investment in defence technology, AI-powered tools are carving out a central role in modern military infrastructure. Vection Technologies (ASX:VR1) has secured a $7.3 million extension to an existing defence contract, confirming its foothold in a multi-year digital transformation program for a European client. “This follow-up award

Calix Secures $44.9m ARENA Grant to Build Green Iron Plant with ZESTY Technology

Calix Limited (ASX:CXL) has taken a significant leap forward in developing Australia’s low-emissions steel value chain, executing a $44.9 million funding agreement with the Australian Renewable Energy Agency (ARENA) to build a ZESTY Green Iron Demonstration Plant. The award marks a turning point for Australia’s role in global decarbonisation efforts, particularly in heavy industry, with

Harris Technology boosts retail margins in FY25 through growth of refurbished tech

Online tech retailer Harris Technology (ASX: HT8) has delivered a strong lift in gross product margins across FY25, thanks to a strategic pivot towards refurbished technology products that has produced big growth opportunities for the Company in an otherwise subdued retail market. Despite a drop in total sales revenue for the year ended 30 June

Lumos Diagnostics Secures US$317M Deal to Distribute FebriDx® in U.S.

In a significant move set to reshape rapid diagnostics in the U.S., ASX-listed Lumos Diagnostics (ASX:LDX) has signed an exclusive six-year distribution agreement with PHASE Scientific, valued at up to US$317 million (A$487 million), for the supply of its flagship test, FebriDx®. Targeting a High-Growth Market The deal places Lumos’ FebriDx® at the forefront of

dorsaVi Powers Ahead with High-Speed RRAM for Smarter Wearables and Edge AI

The race to enable faster, smarter, and lower-power edge AI systems is intensifying – and dorsaVi (ASX:DVL) is stepping up with validation data that positions its next-gen RRAM (Resistive Random-Access Memory) technology as a serious contender in the embedded systems space. With the global surge in demand for AI-capable wearable devices, robotics, and autonomous edge

Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform

Semiconductor Market Opens Door to Global Expansion Australian tech innovator Nanoveu (ASX:NVU) has locked in a strategic $2 million placement to accelerate the commercial rollout of its ECS-DoT chip and EMASS modular AIoT platform – two technologies that sit at the heart of next-gen edge computing and smart device development. The funding comes at a

Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing

ASX-listed semiconductor company Archer Materials (ASX:AXE) has hit a key technical milestone, demonstrating that its tunnel magnetoresistance (TMR) sensor technology can function in extreme cryogenic conditions. The result opens the door to potential application across multiple quantum computing platforms and sets the foundation for broader commercial opportunities in advanced sensing markets. TMR Sensors Show Promise

EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges

PFAS Regulation Drives Urgent Market Need As global pressure mounts to tackle man-made chemicals, The Environmental Group Limited (ASX:EGL) has secured a new $1.9 million contract for the design and construction of a PFAS (per- and polyfluoroalkyl substances) treatment plant – its first commercial deployment of proprietary PFAS separation technology. PFAS are synthetic compounds used

RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site

In a move that underlines the growing role of automation in the resources sector, RocketDNA Ltd (ASX:RKT) has inked a new 18-month contract with Vault Minerals (ASX:VAU) for advanced aerial data services at the King of the Hills (KOTH) gold operation in Western Australia. The agreement, worth an estimated $705,000, significantly expands on RocketDNA’s previous

BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote

Australia’s broadcast technology sector is experiencing rapid global expansion, driven by demand for IP video production tools and live streaming capabilities across enterprise, education, and media. Within this niche, BirdDog Technology (ASX:BDT) has made a name for itself with high-performance, Network Device Interface (NDI)-enabled video solutions. Now, the company is preparing for a major structural

AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain

Advanced Manufacturing Hits U.S. Soil AML3D Limited (ASX:AL3), a leader in Wire-arc Additive Manufacturing (WAM®), has officially opened its new Technology Facility in Stow, Ohio, a major milestone in expanding America’s advanced manufacturing capabilities and deepening the AUKUS defence collaboration. The plant also creates new jobs in the Ohio economy. Supporting Submarines and Security The

Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot

Vection Technologies (ASX:VR1) has announced a $520,000 partnership with Rider Srl, part of the Italian Procmatech Group, to co-develop a modular robotics platform aimed at revolutionising open-field agriculture. The agreement marks Vection’s entry into the fast-expanding agricultural robotics sector – projected to grow to US$48 billion by 2030 – and reflects increasing demand for AI-driven

Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships

Digital human and conversation design solutions company Unith Limited (ASX:UNT) has announced strong year-on-year growth in its platform usage metrics and Strategic Partner collaborations, highlighting significant traction for its proprietary technology platform and product offerings. The uplift has been achieved without heavy marketing expenditure, indicating that the company’s solutions are organically resonating with target markets

FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project

Robotic technology company FBR Limited (ASX: FBR, OTCQB: FBRKF) has officially entered into an Engineering Service Agreement with Samsung Heavy Industries (SHI), marking the commencement of the first phase of a shipbuilding automation project aimed at revolutionising the global ship construction process. This agreement represents a significant milestone in FBR’s expansion into new applications for

Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace

Industry Growth Opens Doors for Pharma Innovators With the global psychedelic drugs market projected to reach A$14 billion by 2032, and the medical cannabis sector already generating more than A$3 billion annually across Australia, Germany, the UK and the EU, Bioxyne Limited (ASX:BXN) is growing revenues as it meets increased demand. The company announced an

dorsaVi Secures Breakthrough Memory Tech to Supercharge Sensor Capabilities

In a move that impacts the future of wearable sensing and edge computing, Australian motion-analysis company dorsaVi (ASX:DVL) has secured exclusive worldwide rights to a transformative memory technology developed by Singapore’s Nanyang Technological University (NTU). The deal grants dorsaVi access to nine families of resistive random-access memory (RRAM) patents designed to power the next generation

Australia’s GDP inches higher in March 2025 quarter

Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, edged higher by a lower than expected 0.2 per cent in the March 2025 quarter. The accompanying ABS-prepared commentary noted that extreme weather events dampened domestic demand and reduced exports. It added that weather impacts were particularly evident

Soul Patts and Brickworks Strike $14 Billion Deal to Create a Newly Capitalised ASX-Listed Company

A Transformative $14 Billion Merger In a bold move that will reshape Australia’s industrial and investment sectors, Washington H. Soul Pattinson (ASX:SOL) and Brickworks (ASX:BKW) have agreed to a transformative merger that will create a new $14 billion ASX-listed entity. The deal will dismantle their long-standing cross-shareholding and replace it with a unified, more investable

TruScreen Secures NZ$2.35M in Fresh Capital to Expand Global Cervical Screening Footprint

TruScreen Group Limited (NZX/ASX:TRU), a medical device company focused on real-time cervical cancer screening, has raised NZ$2.35 million from a share placement that drew strong interest from  investors across Asia, including some new investors from Singapore and Hong Kong. These additional funds will be used to advance the company’s AI-powered cervical cancer detection technology amid

WiseTech Expands Global Footprint with $2.1B Acquisition of e2open

WiseTech Global (ASX:WTC) has taken a decisive step toward cementing its position as a leading force in global logistics technology, announcing a binding agreement to acquire US-based e2open (NYSE:ETWO) for an enterprise value of US$2.1 billion. The acquisition is poised to transform WiseTech’s global reach and accelerate its vision of becoming the operating system for

The RBA eases monetary policy, but still sees a cloudy outlook

RBA benchmark rate is cut by 25 basis points at the May Board meeting As was widely expected by all and sundry, the RBA’s benchmark interest rate was reduced by 25 basis points to 3.85% at the 19-20 May RBA Board meeting. Policy makers even briefly considered whether a 50 basis point cut was an

Saunders Secures $27M Contract to Boost Gold Production at Kalgoorlie

Expanding Western Australia’s Gold Processing Capacity The Australian resources sector has gained fresh momentum as Saunders International Limited (ASX:SND) announced a significant contract win. The $27 million agreement, awarded by Primero, marks Saunders’ continued involvement in enhancing operations at Kalgoorlie Consolidated Gold Mines (KCGM), one of Western Australia’s iconic mining sites. This contract will see

4DMedical Secures U.S. Deal with Intermountain Health, Unlocking Growth Path

A growing U.S. demand for faster, AI-powered tools in cardiopulmonary care is opening up substantial commercial opportunities for Australian medtech company 4DMedical (ASX:4DX). The Melbourne-based imaging innovator has secured a significant contract with Intermountain Health—one of the United States’ largest and most respected health systems—for the rollout of its newly FDA-cleared Pulmonary Hypertension Analysis (PHA™)

Race Oncology Doses First Patient in RC220 Trial, Advancing Tumour Program

Race Oncology (ASX:RAC) has taken a step towards the development of a new cancer-fighting drug therapy, dosing the first patient in its Phase 1 trial of RC220, a reformulated version of bisantrene, aimed at treating advanced solid tumours. The early-stage trial marks a key milestone for Australia’s biotech sector and positions Race Oncology at the forefront

March 2025 quarter CPI above expectations – but RBA cut still likely

The March 2025 quarter CPI data released today were a touch above market expectations. The headline CPI rose by 0.9% over the quarter, well up on the slight 0.2% increase reported in the prior quarter. This delivered an annual CPI increase in the March 2025 quarter of 2.4%, which matched that reported in the prior

Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians

Just 12 months after launching their refurbished tech division, eCommerce company Harris Technology (ASX: HT8) is set to consolidate its position as a leading seller of refurbished tech products in Australia by expanding into new product categories.  The expansion opportunity comes after Harris Technology caught the attention of Taiwanese tech giant FSP Technology Inc which

PYC Therapeutics Moves Toward First Treatment for Blinding Childhood Eye Disease

Australian biotech PYC Therapeutics (ASX:PYC) has taken a major step forward with its lead program, presenting clinical data that signals a significant opportunity in the treatment of genetic eye diseases — a space where no treatments currently exist. The company announced that interim results from its Phase 1/2 trials for VP-001 — a drug candidate

Impact Minerals Accelerates HPA Market Entry with Strategic HiPurA® Acquisition

Australia’s Push To Lead In High Purity Alumina (HPA) Impact Minerals (ASX:IPT) has secured a 50% stake in Alluminous Pty Ltd, which recently acquired the high-potential HiPurA® HPA processing technology. The move is a step in Impact’s strategy to become a vertically integrated HPA producer and could shave years off its path to commercialisation. “This

Equity Story Acquires Baker Young to Accelerate Retail Stockbroking Expansion

Equity Story Group Taps Booming Advisory Sector Equity Story Group Ltd (ASX:EQS) has taken a major step into full-service wealth management, signing a binding agreement to acquire long-standing financial advisory firm Baker Young Limited. The strategic acquisition aims to expand Equity Story’s footprint into retail stockbroking and corporate advisory—two segments showing significant growth amid increasing

Condor Confirms 3 Billion Barrel Oil Potential in Tumbes Basin

Independent Resource Estimate Highlights Massive Oil Exploration Upside A new independent assessment has confirmed a best estimate of 3 billion barrels of oil across five high-impact exploration prospects offshore northern Peru — putting Condor Energy (ASX:CND) firmly on the radar of investors seeking exposure to large-scale frontier oil opportunities. “The independent resource estimate … validates

Atomo Scales Up HIV Self-Testing Through National Vending Machine Rollout

Federal Funding Unlocks New Health Access Opportunity Atomo Diagnostics (ASX:AT1) has received a $230,000 order from Thorne Harbour Health (THH) to support the national rollout of its HIV self-test kits through public-funded vending machines. The initiative is part of the Federal Government’s CONNECT Programme, announced in the May 2024 Budget, and signals a shift toward

Spenda Secures $3M Term Loan to Accelerate Growth

Funding Injection Strengthens Spenda’s Push Towards Operational Break-Even Spenda Limited (ASX:SPX) has executed a $3 million term loan facility with Capricorn Society Limited. The facility bolsters Spenda’s financial position and signals confidence in its strategic direction, The facility’s flexible funding arrangement is designed to support the company’s capital expenditure and working capital requirements as it

Argent BioPharma Expands in Europe with German Approval for CannEpil™

Cannabinoid Therapy Gains Foothold in Germany’s Epilepsy Market Argent BioPharma (ASX:RGT) has secured approval for its flagship cannabinoid-based epilepsy treatment, CannEpil™, to be prescribed in Germany. This milestone marks a major step in the company’s European expansion and strengthens its presence in one of the region’s key pharmaceutical markets. Germany has approximately 816,000 epilepsy patients,

Koonenberry Gold Strikes High-Grade Gold at Enmore Project

Enmore Gold Project Shows Exploration Potential Koonenberry Gold (ASX:KNB) has returned high-grade gold intercepts from its first diamond drillhole at the Enmore Gold Project in northeast New South Wales. The results validate historical drill data and highlight the potential for a significant mineralised system. Managing Director Dan Power described the outcome as “a truly exciting

AVJennings Strikes Takeover Deal with AVID Property

Property Market Shift Opens Opportunities Australia’s property sector continues to attract strong investor interest, with major players eyeing strategic acquisitions. AVJennings Limited (ASX:AVJ) has now entered into a Scheme Implementation Deed (SID) with AVID Property Group, in partnership with Proprium Capital Partners, in a deal valued at $0.655 per share. This agreement provides a significant

The RBA sits pat on rates as Federal election, US tariffs beckon

The RBA’s benchmark interest rate was left unchanged at 4.10% at the Bank’s 31 March-1 April Board meeting, with our central bank deciding to leave well enough alone ahead of a swag of political and economic uncertainties hitting markets over coming weeks. This left the RBA rate a touch under the existing US Fed Funds

Altech Secures €2.5M Funding Through Bearer Bond Agreement

Funding Agreement with Deutsche Balaton AG Altech Batteries (ASX:ATC) has entered into a bearer bond agreement with major shareholder Deutsche Balaton AG, allowing the company to access up to €2.5 million in funding. The agreement, which requires shareholder approval, will provide cash in increments of €500,000. The interest payable on the bearer bonds will be

Memphasys Delivers Clinical Milestone as Felix™ Fertility System Clears Key Trial Benchmark

Fertility Tech Market Expands, With Memphasys Ready to Capitalise The global assisted reproductive technology (ART) sector continues to grow rapidly, with IVF cycles projected to exceed 4 million annually by 2030. The demand for technologies that improve embryo success rates is stronger than ever — and Memphasys (ASX:MEM) with its Felix™ System appears poised to

GreenHy2 Secures European Technology Deal to Strengthen Energy Storage Offering

The opportunity for next-generation energy storage continues to grow, and GreenHy2 Limited (ASX:H2G) has taken a step forward by signing a contract with European supplier H2Core. The agreement provides GreenHy2 with access to leading-edge supercapacitor battery and hydrogen storage technologies, offering significant advantages in cost, safety, and operational efficiency over traditional solutions. Supercapacitor Batteries Promise

Icetana AI Secures A$1.7 Million Contract, Tapping into Middle East Growth Opportunity

Baghdad Safe City Project Drives Major Milestone for Australian AI Company The Middle East continues to show strong demand for advanced security technology, and Australian AI video analytics firm icetana Limited (ASX:ICE) has seized the moment. The company has secured its largest contract to date — an A$1.7 million purchase order for its AI-powered video

EMVision Takes to the Skies as Stroke Scanner Proves Air-Ready

A major opportunity is emerging for early stroke and brain injury diagnosis in remote and aeromedical settings, as EMVision’s (ASX:EMV) First Responder device passes its first critical air-based test. Stroke and traumatic brain injury (TBI) are two of the most time-sensitive medical emergencies. In regional Australia, patients face long delays to diagnosis and specialist care

Norwood Secures $2.98 Million Optus Voicemail Contract

Voicemail Market Evolves with AI Opportunity The growing demand for modern, AI-driven telecommunications services has opened up a new industry opportunity—and Norwood Systems (ASX:NOR) is positioning itself to capitalise. Norwood develops advanced voice communication platforms leveraging conversational and generative AI technologies.  The company has signed a five-year supply contract with Optus to replace its existing

On Nut Road Limited Launches A$55 Million Play for Donaco in All-Cash Deal

Industry Headwinds Open the Door for Shareholder Certainty The Asian gaming and entertainment sector faces increasing complexity as regulatory shifts and border operational risks continue to challenge smaller operators. Against this backdrop, Donaco International Limited (ASX:DNA) has announced a proposed acquisition by On Nut Road Limited (ONR), an Argyle Street Management (ASM)-backed investment vehicle. A

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Renergen Overcomes Key Challenges and Begins Commercial Liquid Helium

Helium Market Gains a New Supplier
 Renergen (ASX:RLT) has taken a significant step forward in the global helium market, announcing its first successful commercial fill of liquid helium. The milestone marks the company’s transition from development to sales, a crucial moment for investors tracking the Virginia Gas Project’s progress. The global helium market has faced

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Race Oncology Secures Ethics Approval for RC220 Solid Tumour Trial

Ethics Approval Clears Path for RC220 Clinical Trial Race Oncology (ASX:RAC) has received a major regulatory green light, with the Bellberry Human Research Ethics Committee (HREC) granting approval for its Phase 1 clinical trial of RC220 in combination with doxorubicin for solid tumour patients. This milestone enables the lead site, Southside Cancer Care Centre in

Proteomics International Launches PromarkerD to Tackle Australia’s Diabetes Crisis

Predictive Test Aims to Revolutionise Kidney Disease Management Australia’s healthcare system is facing a growing challenge: diabetes-related kidney disease. With over 1.3 million Australians living with diabetes, more than half are at risk of developing chronic kidney disease (DKD), a leading cause of dialysis and kidney failure. In a significant step forward, Proteomics International Laboratories

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BlinkLab Kicks Off U.S. Autism Diagnostic Study with First Patient Tested

Addressing Critical Gaps in Autism Diagnosis Autism spectrum disorder (ASD) affects millions of children worldwide, yet early diagnosis remains a major challenge. Despite recommendations from the American Academy of Paediatrics (AAP) for autism screening at 18 and 24 months, many children experience delays in diagnosis, missing the crucial window for early intervention. BlinkLab Limited (ASX:BB1)

Wide Open Agriculture Expands Global Footprint with New Sales in Europe, Latin America & Australia

Lupin Protein Gains Global Momentum Wide Open Agriculture (ASX:WOA) is making significant strides in the global plant-based protein market, securing initial commercial sales and purchase orders across five continents. This latest development highlights the growing demand for WOA’s lupin protein isolates, and positions the company as a key player in the alternative protein sector. “These

Hillgrove Hits Record Copper Production in February

Kanmantoo’s Output Surges as Operations Strengthen Hillgrove Resources (ASX:HGO) has delivered a record-breaking month at its Kanmantoo Copper Mine, producing 1,105 tonnes of copper in February 2025. This marks the highest monthly production since the site began processing underground material in February 2024, reinforcing the mine’s steady operational improvement. CEO Highlights Operational Gains Hillgrove CEO

Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium

One of the world’s largest manufacturers of power supply units has identified an investment opportunity in Australia through a $1.5 million investment made in eCommerce company Harris Technology (ASX: HT8) at a substantial premium to their share price.  The investment by FSP Technology was completed through a private Placement at an issue price of 2

Delorean Secures $6.1 Million ARENA Grant to Advance Bioenergy Facility

Renewable Gas Gains Momentum with Delorean’s SA1 Project The push for renewable energy in Australia has received a major boost, with Delorean Corporation Ltd (ASX:DEL) securing a $6.08 million grant from the Australian Renewable Energy Agency (ARENA). The funding will accelerate the development of the company’s SA1 bioenergy facility in Edinburgh Parks, South Australia. Delorean

Spacetalk Leverages AI to Help Wearables PredictHealth Risks

AI Innovation Opens New Doors in Health Monitoring Spacetalk Ltd (ASX:SPA) has taken a significant step in its transformation journey by securing an exclusive, worldwide licence for Watch Walk AI, an AI-powered gait biomarker algorithm. Developed by a team of researchers from Neuroscience Research Australia (NeuRA) and the University of New South Wales (UNSW), this

Australia’s GDP strengthens in December 2024 quarter

Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, rose by a 0.6% in the December 2024 quarter, to be a 1.3% higher on an annual (through the year) basis. This annual movement was in the ball-park of market expectations, and a definite improvement on the mediocre

InFocus Secures US$1.5 Million Deal to Develop Stablecoin Payments Platform

Crypto Payments Opportunity Grows as InFocus Wins Multi-Phase Deal The global demand for seamless, cross-border payment solutions continues to rise, with stablecoin technology emerging as a key player in the financial landscape. Australian-listed data analytics and software solutions company InFocus Group Holdings Limited (ASX:IFG) has secured a US$1.5 million service agreement with GBO Assets Ltd,

Forbidden Foods Sales Surge 147 per cent as Multi-Brand Strategy Delivers Growth

Strong Start to calendar 2025 with Robust Sales Growth Reported Forbidden Foods Ltd (ASX:FFF) has kicked off the 2025 calendar year with a strong sales performance, reporting a 147% increase in year-to-date sales compared to the previous corresponding period. For the first two months of the year, the company recorded net sales of $577,857, reflecting

Vinyl Group Expands Media Reach with Concrete Playground Acquisition

Vinyl Group Seizes Growth Opportunity in Digital Media Vinyl Group (ASX:VNL), Australia’s only ASX-listed music company, has completed its acquisition of digital city guide Concrete Playground for $5.56 million. This strategic move strengthens Vinyl Group’s media and advertising division, positioning the company for accelerated growth and a faster path to positive cash flow. CEO Josh

Stealth Secures Exclusive Distribution Deals, Strengthening Market Position

Tool Market Opportunity Expands with Major Brand Agreements The Australian and New Zealand power and hand tool market is set for a shake-up as Stealth Group Holdings Ltd (ASX:SGI) secures exclusive distribution rights for CAT® Power Tools, Wesco Power Tools, and Harden Hand Tools. This move significantly strengthens Stealth’s exclusive brand strategy, positioning it as

Harris Technology nears profitability as refurbished tech division gains traction

While most retailers in Australia have been reeling over the past 12 months as macroeconomic pressure has seen consumer spending plummet, tech retailer Harris Technology (ASX: HT8) is on the verge of a major turnaround that has seen a 56% improvement in its results.  For the Half Year ended 31 December 2024, Harris Technology reported

BlueBet Moves to Acquire PointsBet in $360M Deal

BlueBet Targets Growth with PointsBet Takeover Australia’s online wagering sector is set for a shake-up as BlueBet Holdings Limited (ASX:BBT) has made an offer to acquire PointsBet Holdings Limited in a deal valued between $340 million and $360 million. If successful, the acquisition is expected to generate at least $40 million in annual synergies, positioning

Nickel Industries Limited: Strengthening Its Global Position Amid Market Challenges

Despite a challenging macroeconomic environment, Nickel Industries Limited has achieved remarkable milestones in its 12 months ended 31 December 2024 financial year, setting new production records and securing strategic acquisitions that strengthen its position as a leading global nickel producer. The company produced an impressive 135,602 tonnes of finished nickel metal across Nickel Pig Iron

HeraMED Teams Up with Garmin to Transform Pregnancy Monitoring

Expanding Digital Maternity Care with Wearable Technology HeraMED (ASX:HMD), a leader in digital maternity care, has secured a strategic collaboration with global smartwatch giant Garmin (NYSE:GRMN). The agreement enables seamless integration of Garmin’s smartwatch data into HeraMED’s remote pregnancy monitoring platform, HeraCARE—offering expectant mothers and healthcare providers a more comprehensive view of maternal health. HeraMED

Mayne Pharma Board Supports $672 Million takeover by Cosette

Cosette’s Offer Price Well In Excess of Mayne’s Last Close Mayne Pharma (ASX:MYX) has received a takeover offer from U.S.-based Cosette Pharmaceuticals, Inc., marking a major milestone in the Australian pharmaceutical sector. The agreement, structured as a Scheme of Arrangement, will see Cosette acquire 100% of Mayne Pharma’s shares for $7.40 per share, valuing the

Vitura Finalises Candor Medical Acquisition Expanding Digital Health Reach

Industry Sees Growth in Digital Health and Medicinal Cannabis The digital health and medicinal cannabis sectors are rapidly evolving, with demand for telehealth services and alternative treatments on the rise. Vitura Health Limited (ASX:VIT) is capitalising on this opportunity, having officially completed its acquisition of Candor Medical, a provider of innovative prescription treatments via telehealth.

Clean Seas Seafood Weighs Indicative Merger Proposal from Yumbah

Aquaculture Sector Sees Major Opportunity The Australian aquaculture industry is on the brink of a significant shake-up as Clean Seas Seafood Limited (ASX:CSS) considers a merger proposal from Yumbah Aquaculture Ltd. If successful, the deal would combine two leading Australian seafood producers, bringing together Clean Seas’ premium Yellowtail Kingfish operations with Yumbah’s extensive shellfish portfolio.

Meridian Moves to Acquire NZ Windfarms in Landmark Deal

Wind Energy Opportunity Expands in New Zealand The renewable energy sector in New Zealand is poised for significant growth, with Meridian Energy Limited (ASX/NZX:MEL) announcing its intention to acquire full ownership of NZ Windfarms Limited (NZX:NZWF). The acquisition will provide Meridian with complete control over NZ Windfarms’ assets, including the pivotal Te Rere Hau Wind

The RBA’s benchmark interest rate reduced to 4.10%

In a move that has brought a smile to the faces of personal and business borrower alike (and a few under-the-pump politicians!), the Reserve Bank of Australia (RBA) reduced its benchmark interest rate by 25 basis points to 4.10% at its 17-18 February 2025 Board meeting. The last time this benchmark rate was reduced was

Recce Pharmaceuticals Accelerates Commercialisation with Strong Phase II Trial Results

USD 26 Billion Market Opportunity The global market for Acute Bacterial Skin and Skin Structure Infections (ABSSSI) is expected to grow from USD 7.3 billion in 2018 to USD 26 billion by 2032, highlighting an urgent need for effective new treatments. With the rise of antimicrobial resistance (AMR), demand for novel broad-spectrum antibiotics is at

Infomedia Seizes AI Opportunity with 50% Stake in Intellegam

A Strategic Move into AI-Driven Automotive Solutions The automotive industry is at a turning point, driven by the rise of connected cars, changing customer expectations, and a need for efficiency. As businesses scramble for smarter solutions, Infomedia Ltd (ASX:IFM) has made a bold move—securing a 50% stake in European AI startup Intellegam GmbH for €6.1

Imugene Advances Cancer Fight with 57% Complete Response Rate in CAR-T Trial

Industry Opportunity: Addressing a Critical Unmet Need The fight against blood cancer is evolving, and Imugene Limited (ASX:IMU) is at the forefront of this battle. With a new wave of promising results from its Phase 1b trial, Imugene’s allogeneic off-the-shelf CD19 CAR-T therapy, azer-cel, is demonstrating significant potential for patients with relapsed/refractory diffuse large B-cell

MTM Unlocks Breakthrough in Gallium and Germanium Recovery

A Game-Changer for Critical Metals Supply The global semiconductor and defence industries are facing a critical supply chain challenge, with key materials like gallium (Ga) and germanium (Ge) largely controlled by Chinese exports. MTM Critical Metals (ASX:MTM) has taken a major step towards addressing this issue, achieving high recovery rates of these metals from semiconductor

Vinyl Group Expands Media Footprint with Launch of Vinyl Media

Vinyl Group seizes cultural opportunity with premium publishing expansion Vinyl Group (ASX:VNL) is making bold moves in the Australian media landscape, unveiling a major rebrand and restructure of its media division as Vinyl Media. The company, Australia’s only ASX-listed music entity, is positioning itself as a powerhouse for cultural storytelling, blending premium publishing with audience

Memphasys Reaches Key Milestone in Felix™ Clinical Trial, Data Lock Expected Soon

Advanced Sperm Selection Technology Moves Closer to Market Memphasys Limited (ASX:MEM) has hit a critical milestone in its pivotal clinical trial for the Felix™ System, an innovative sperm selection technology designed for Assisted Reproductive Technology (ART) procedures. With the Last Patient Last Visit (LPLV) now completed, the company is entering the final phase before results

Radiopharm’s RAD 101 Shows Promise in Detecting Brain Metastases

New Imaging Breakthrough Targets Growing Brain Metastases Challenge Brain metastases are becoming increasingly prevalent due to improved cancer treatments extending patient survival. However, accurate detection remains a major clinical challenge. A new study highlights promising results for Radiopharm Theranostics’ (ASX:RAD, NASDAQ: RADX) novel imaging agent, RAD 101 (18F-Pivalate), in detecting brain metastases with high precision.

Eureka Expands into All-Age Rental Market with Gladstone Acquisition

Seizing an Opportunity in Affordable Rentals With home ownership in Australia becoming increasingly out of reach and rental demand surging, the all-age rental sector presents a significant growth opportunity. According to the most recent National Census, nearly 30% of Australians rent their homes, and 85% of these renters are under the age of 55. Eureka

SportsHero Expands Indonesian Reach with XL Axiata Partnership

Indonesia’s gaming industry is on a rapid growth trajectory, driven by a tech-savvy, youthful population and increasing government support for esports. With over 8.3 million dedicated PC gamers, the market presents a significant opportunity for digital entertainment providers. SportsHero Limited (ASX: SHO) has now secured a key position in this expanding sector through a two-year

Altair Expands Portfolio with High-Grade Copper Acquisition in Peru

Altair Minerals Limited (ASX: ALR) has announced the proposed acquisition of the Venatica Copper Project in Peru, If completed, this transaction would position the company within one of the world’s most prolific copper-producing regions. Located just 60km from Monger Gold’s (ASX:MMG) Las Bambas Mine, which is responsible for 2% of the world’s copper supply. Venatica

OncoSil Gains Momentum in Germany as 120 Hospitals Secure Negotiation Rights

The fight against pancreatic cancer has taken a step forward in Germany, with 120 hospitals now legally entitled to negotiate funding for OncoSil Medical’s (ASX:OSL) innovative treatment device. This marks a 43% increase from the previous year and highlights growing recognition of the OncoSil™ device within the German healthcare system. German Hospitals Embrace OncoSil’s Innovation

Optiscan Advances GI Imaging with New Study in Germany

Tackling a Major Health Challenge Gastrointestinal (GI) diseases, including colorectal cancer, are a significant global health issue. In 2020 alone, there were an estimated 1.9 million new cases of colorectal cancer and more than 930,000 related deaths worldwide. Early detection and precise intervention are crucial, but traditional diagnostic methods often lack the real-time precision required

December 2024 quarter CPI has interest rate doves cooing

Slightly below expectations December 2024 quarter CPI data released today were warmly received by stock market investors. The stats, which have ramifications for Australia’s monetary policy settings, bolstered hopes that the Reserve Bank of Australia (RBA) will reduce its benchmark interest rate ahead of the next Federal election, which must be held by May 2025. 

Harris Technology sees big opportunity for refurbished tech in 2025 with positive cash flow

Amid a challenging retail landscape that has seen the collapse of major players like Catch, Harris Technology (ASX: HT8) has been treading water with its retail tech business but unearthed a rapidly firing refurbished tech business that is poised to breakout in 2025. For the December 2024 quarter, Harris Technology reported sales revenue of $3.6

OncoSil Medical strengthens board with appointment of governance expert

In a strategic move to bolster its governance and corporate strategy, OncoSil Medical Limited (ASX:OSL), a leader in pancreatic cancer treatment innovation, has today appointed Ms. Lel Smits as a Non-Executive Director. The addition of Ms. Smits, a renowned figure in corporate governance and investor relations, signals OncoSil’s commitment to enhancing its market position and

Mesoblast RYONCIL® Therapy Approved by FDA

RYONCIL® (remestemcel-L) becomes the first mesenchymal stromal cell (MSC) product approved by the US Food and Drug Administration (FDA) for any indication. RYONCIL® is also the first FDA-approved therapy for children aged 2 months and older, including adolescents and teenagers, with steroid-refractory acute graft versus host disease (SR-aGvHD), a life-threatening condition with high mortality rates.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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,

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

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

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. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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,

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,

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

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

XJO to open flat with US markets back around resistance

The XJO is expected to open flat this morning. The U.S rallied Friday night, however they stalled at key resistance which roughly represents both their all-time high and the ceiling of their recent consolidation range. Alongside their flat futures, our market is pausing this morning as we wait to see where they trade from here.

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

XJO to rise despite slight US pullback

The XJO is expected to open higher this morning despite a pullback in the U.S last night. Our market is being remarkably resilient. The past couple of sessions have seen our index retake intraday lows to finish flat or slightly in the red. This morning, we are set to bounce higher, with an expected open

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

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

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

US markets close lower ahead of NVIDIA report, which disappoints

The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are flat. Yesterday some secondary CPI data came out slightly higher than expected. In response our market dipped, however we managed to retake all our intraday losses to finish flat. The stronger than expected CPI would mean

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

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

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

Investors take pause ahead of key NVIDIA report

The XJO is expected to open lower this morning. The U.S closed slightly higher overnight, retracing from their intraday lows as they continue to consolidate sideward. Whilst the U.S has tracked sideward over the past few sessions however, our market has maintained its strength, pushing towards our all-time highs. This morning’s pullback is likely to

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

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

US shares stall with prices around highs

The XJO is expected to open flat this morning following a small pullback in the U.S overnight. U.S and major Asian futures are also in the red, so by market open we could also follow suit. We finished firmly in the green yesterday in the face of a flat U.S close on Friday and even

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). 

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

Powell pumps markets higher again

The XJO is expected to rally on open this morning following a rebound in the U.S on Friday night which saw their market retake the previous session’s losses. The past few sessions of movement for the XJO have been fairly indecisive. We have retraced both intraday losses and given up intraday gains, but have ground

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

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

Lower open expected after record string of gains

The XJO is expected to open lower this morning following a strong pullback in the U.S overnight. Their futures are slightly in the green. We have tracked largely sideward over the pat few sessions, likely waiting to see whether the U.S would break through their all-time high resistance or fail and rebound off it. With

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

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,

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

XJO expected higher for the 10th straight session

The XJO is expected to open higher this morning following a continued move higher in the U.S overnight. Their futures are flat. Yesterday we retraced from our lows, bolstered by positive U.S futures during our session to, finish marginally in the green. This morning we will continue that strength and open near 8,025, and if

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

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

Shares stall after 8 days of strong gains

The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are flat this morning. Our market yesterday was skeptical of the U.S run, and didn’t really price in their strong move higher from the night before. Our doji yesterday was the beginning of an evening star reversal

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

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

Unbelievable gains continue

The XJO is expected to open higher once again with a continued move from the U.S overnight. Their futures have edged into the red. We should flirt with key resistance near 8,000 on open this morning. The strength from the U.S is quite shocking considering they have not really paused since their recent lows. Our

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

Flat open expected as US markets eke out small gain

The XJO is expected to edge lower on open this morning following U.S markets on Friday night that managed to close slightly higher after retaking intraday losses. U.S futures are also in the green. With the U.S pausing on Friday, but managing to hold ground, our market will be inclined to do something similar today.

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

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,

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

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

Shares continue to rally

The XJO is expected to open higher this morning following a strong jump from the U.S overnight. Their futures are flat. Despite the stella run we have seen over the past couple of the weeks, the U.S managed to rally once again overnight, breaking the 50 day MA and the tentative downtrend line. Our market

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

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

US shares close higher with inflation continuing to fall

The XJO is expected to open mildly higher following a similar move from the U.S last night and their positive futures this morning. Yesterday we practically rebounded off key resistance at 7,900 intraday and pulled back to give up most of the day’s gains. We settled back on the 50 day MA, which is also

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,

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,

Quick Update: Who bought the dip? Iron ore update + more

Who bought the dip?  We often hear how retail money often rushes in to buy the dip in scenarios we had earlier this week. Well this time it was different. When the markets crashed on Monday, it was the retail investors who sold whilst institutional investors gradually increased their buying as the carnage rolled on

Shares rise after lower US producer prices

The XJO is expected to rally on open this morning following a strong move higher in the U.S overnight. Their futures have edged into the red. We are expected to open near 7,850 at time of writing, however CBA reported this morning, and the market will likely still be digesting it. Considering CBA is the

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

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

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

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

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

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

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

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

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

Shares rebound as recession fears subside

The XJO is expected to rally on open this morning following a rebound in the U.S overnight. U.S futures are also in the green. We should open near 7,775 and with green U.S futures we should push further. Due to our market tracking sideward in tight range for much of this year, there is practically

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

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

US shares reverse to close lower, XJO to open around support

The XJO is expected to fall on open this morning. U.S futures yesterday heralded a positive market last night, however they shed all their intraday gains to finish marginally in the red. Our market will give up all of yesterday’s meagre gains in response, with an expected open near 7,670. U.S futures have also dipped

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

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

US markets rebound but give up most of their intra-day gains

The XJO is expected to edge lower on open this morning. Last night the U.S rebounded, much like we did yesterday, but gave up roughly half their intraday gains by close. Their futures have edged into the red, likely contributing to our muted open this morning. Markets have paused for now. Our market found support

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

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

Global panic drops markets, XJO expected fairly flat

The XJO is expected to open flat this morning. The U.S had another strong night of falls, which were heralded by their futures yesterday. Our muted open likely indicates that we had already priced in their expected falls during our session yesterday. Furthermore, their futures have moved strongly in the green this morning. This could

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

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

Shares to extend losses

The XJO is expected to extend the losses from last week on open this morning, following another strong pullback in the U.S on Friday. Scares around U.S recession have flowed directly into our market, with our futures set to open near 7,775 at time of writing. This sheds practically all of July’s gains and puts

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

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

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,

Shares fall on weak economic data

The XJO is expected to fall this morning following both a strong pullback in the U.S overnight and their negative futures this morning. Yesterday we set all-time highs once again, though we gave up most our intraday gains to finish near the open. This signal was the beginning of an evening star reversal pattern, and

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

What if we are NOT in a new “commodities supercycle”?

The narrative around a “new commodities supercycle” has received a lot of airplay in recent years. Commodities have seen a material rally in prices from their 2020 lows, which only adds fuel to the narrative. It is a worthwhile exercise considering the opposing argument in this narrative – what is the market missing?   There have

Shares rise on beneficial rate outlook

The XJO is expected to rally on open this morning following a similar move from the U.S overnight. Their futures are also mildly in the green. Yesterday we opened higher, but it wasn’t until the CPI release at 11:30am (AEST) did our market truly drive higher. CPI came in as expected, but trimmed CPI came

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

US shares close mostly lower, XJO to rise ahead of key CPI data

The XJO is expected to rally on open this morning despite a small pullback in the U.S overnight. U.S futures are in the red. Yesterday we bounced off key support at roughly 7,900 intraday to retake over half the day’s losses. This morning we should open near 8,000. We seem to be hanging around these

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

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

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

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

XJO expected lower as US markets struggle to make fresh gains

The XJO is expected to open lower this morning following a muted night of trading in the U.S. Their futures are also flat. Our market may have gotten ahead of itself yesterday. With the U.S not following suit, our market is due to give up most of yesterday’s gains on open. We should open near

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),

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

Markets jump strongly higher

The XJO is expected to jump strongly higher this morning following a strong positive session from US markets on Friday. Though US shares closed a fair bit off from their highs on Friday, their futures have pushed strongly higher this morning. Given all of this, our market is expected to open around the 8,000 point

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

Tech continues to sell while other US shares hold, XJO to open higher

The XJO is expected to edge higher on open this morning despite a small pullback in the U.S last night. Their futures are in the green. U.S tech was the main contributor to their falls which is not as well represented in our market. Coupled with our likely overextension to the downside yesterday, it helps

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

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

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

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

US shares drop with tech selling, XJO to continue lower

The XJO is expected to tumble on open this morning following a strong pullback in the U.S overnight. Their market broke both the uptrend line and key support to move back under their previous all-time high resistance. Our market is expected to do the same on open. U.S futures have moved a decent measure into

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

Flat open expected as US markets stall

The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures have moved into the red. Ever since the breakout recently, our index has been pretty much copied the overnight moves from the U.S. Their futures during our sessions have not done much, and therefore

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

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

Shares rebound off support

The XJO is expected to rally on open this morning following a strong recovery in the U.S overnight. Their futures are mildly in the green. The U.S bounced off their previous all-time high resistance as support, and our market is set to do the same this morning. Yesterday we reached practically reached 7,900 intraday and

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

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

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

Lower start expected as US sees more profit taking

Our market is expected to start the week lower. The U.S on Friday continued their selling, and our market will simply follow suit. U.S futures are mildly in the green this morning. On Friday we managed to retake half the intraday losses by close. This morning, we should retest Friday’s lows with an open near

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

Second day of US selling to force XJO lower

The XJO is expected to open lower this morning following another night of selling in the U.S. Their futures are in the green. It’s a similar scenario we were looking at yesterday morning pre-open, where we have seen the U.S sell down overnight but their futures are marginally in the green. The difference is, the

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%

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

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

US shares mostly pull back, XJO to open lower

The XJO is expected to fall on open this morning following a strong pullback in the U.S overnight. Their futures have moved into the green. Yesterday we rallied from the small breather we had the prior session and managed to hold most of the gains into the close. Our highs were roughly 8,100, and with

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

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

Fresh highs again after strong US earnings

The XJO is expected to open higher this morning following a renewed rally in the U.S overnight. Their futures have moved into the green. The rally in the U.S was largely across the board rather than be limited to just tech and tech adjacent sectors – and so our market will feel comfortable pricing in

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

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

US shares push further but unable to hold daily strength

The XJO is expected to open flat this morning following a similar night in the U.S. Their futures are in the green. Our market set fresh highs once again yesterday, holding most of its strength into the close. Yesterday was the third day of solid bullish movement and today we are set to take a

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

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

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

US shares higher on Friday, XJO expected at 8,000

The XJO is expected to open higher this morning following an indecisive but bullish night in the U.S on Friday. Their futures are flat. Our market was squeezing the point of a pennant, and like a spring, we have rocketed higher. We are finally playing catch up to the U.S, so for Friday and today

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. 

Coventry 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

Lower inflation in the US, XJO expected to reach all-time highs

The XJO is expected to extend yesterday’s gains this morning despite a strong pullback in the U.S overnight. Their futures are in the green. CPI came in softer than expected, yet their market still sold down. This is perhaps due to a rotation out of the large companies that have seen the lion share of

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

Unbelievable US strength to drag XJO back towards all-time high

The XJO is expected to open higher this morning following a strong night of gains which saw the U.S once again finish in fresh all-time highs. Their futures are flat. We should open near 7,900, roughly our all-time high resistance. It would be hard to suggest that we will break through today, especially when we

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

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,

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,

How the Chevron Doctrine decision could shake the environment and investors

The Chevron Doctrine is referring to the US Supreme Court’s decision 40 years ago, giving deference to the Environmental Protection Agency’s (EPA) answer or interpretation of environmental laws. It was coined after a landmark case, Chevron USA, Inc. v. Natural Resources Defense Council, Inc. On June 28, 2024, in Loper Bright Enterprises v. Raimondo, the Supreme

XJO to fall as US markets stall

The XJO is expected to open lower this morning following another lacklustre night of trading in the U.S. Their futures are also flat. Yesterday we managed to retest key resistance at roughly 7,830. There is also a downtrend line that comes in at similar levels which we are likely still flirting with. Without continued strength

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

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

Monthly Wrap: US attempting to quell China’s control on semiconductors and AI

As a warning shot to the rest of the world, the US is openly scared of the power being accumulated by China and its rising market share in semiconductors, quantum computing and artificial intelligence industries. To address this and limit China’s influence on global supply chains, the US Treasury Department is advancing plans to limit

US shares flat, XJO expected to retrace some of yesterdays losses

The XJO is expected to edge higher on open this morning following a lackluster night of trading in the U.S overnight. Their futures are in the green. Yesterday we sold off back to the middle of the range as a point of comfort, which seems to be the status quo at the moment. What will

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%

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

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

US shares higher again, XJO to open flat

The XJO is expected to open flat despite a continued rally in the U.S which saw their market break into fresh all-time highs once again. Their futures are flat. Last Thursday our market had a strong rally after the U.S initially made new highs, but we stalled at both a key level of resistance, and

Why a tsunami of liquidity might be on its way

World financial markets are addicted to liquidity to maintain the price level of assets. In a move reminiscent of the over-lending in the 2008 GFC asset bubble, Congress is voting on allowing lending on Second Mortgages by Federal Agencies in a move that could lead to a tsunami of liquidity. Congress recently approved a pilot

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

XJO to stall without US leads

The XJO is expected to edge lower on open this morning. The U.S was closed overnight, and their futures did little. This could translate into a similar day of no action, or our market may decide to profit take. Our market closed firmly in the green yesterday, but didn’t manage to push through key resistance.

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

XJO to jump as US markets continue higher

The XJO is expected to rally on open this morning following a break higher in the U.S overnight which saw their market close into fresh all-time highs once again. We should open just above 7,800 – flirting with key resistance around these levels. It is difficult to predict whether we will extend the gains during

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

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

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

XJO to rise as US shares set fresh records

The XJO is expected to edge higher on open this morning following a U.S which managed to finish in all-time highs. Their market is still arguably trading in a tight range and so our market is likely skeptical of their rise. Yesterday we held towards the day’s lows into the close. We continue to grind

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

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

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

XJO to open lower with Tech holding up US markets

The XJO is expected to edge lower on open this morning following another lackluster night of sidewards movement from the U.S. Their futures have also edged into the red. Yesterday we kept in step with the past few sessions. Our market once again tried to move away from the middle of the range, but retraced

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

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

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

XJO to drift lower after US markets give up early gains

The XJO is expected to edge lower on open this morning following a small pullback in the U.S on Friday. Their futures have edged into the green. The past few sessions have been very volatile, trading like a whipsaw. Each time we seem to make ground, we reverse and move back to the middle of

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

XJO to rebound back to 7,800

The XJO is expected to open higher this morning following a small rise in the U.S overnight. Their futures sit flat. Yesterday we managed to crawl back most of our intraday losses, bouncing off an underlying uptrend line. We saw the same moves in both our materials and financials. Ultimately it seems we still want

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

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,

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

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

XJO to fall on rate concerns

The XJO is expected to open lower this morning despite another small rise in the U.S overnight. We should open near 7,700 key support as our market continues to sell off. There are a few likely reasons for our extended sell down this morning. Firstly, U.S futures have moved into the red. Secondly, the financials

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

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

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

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

XJO to drift lower as most US sectors fall

The XJO is expected to edge lower on open this morning following despite a small rise in the U.S overnight. Their futures are flat. We had an unexpectedly strong rally yesterday, where we almost reached key resistance at roughly 7,850. With the U.S continuing to track sideward overnight, our pullback this morning is likely our

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

XJO to rise as most US sectors finish higher

The XJO is expected to jump around 40 points on open this morning, back to the rough resistance level at 7,780, though this level could be possibly be drawn anywhere from 7,770 – 7,800. The gains come after most US sectors closed in the green overnight, with only US technology stocks seeing notable selling. Iron

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

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

A quick explainer on Hybrids and why people trade them

ASX hybrid securities are financial instruments listed on the Australian Securities Exchange (ASX) that combine features of both equity and debt securities. These hybrids offer investors a blend of the characteristics of bonds and shares, providing unique benefits and risks. Understanding ASX Hybrids Hybrid securities can take various forms, including convertible bonds, preference shares, and

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

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

XJO to drift lower with SP500 stalling at 5,500

The XJO is expected to open around 15 points lower this morning, at roughly 7,780 index points. This comes after US markets saw slight selling on Friday, though movements were small. The Australian market continues to be pulled higher by strong US markets, with the fresh all-time highs in the US helping to spur buying

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

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,

Tech leads US markets lower, though most sectors close higher – XJO to rise

The XJO is expected to open modestly higher this morning, with futures pointing to an open around the potential resistance at 7,775. That 7,775 level has been a sticking point for the past week, so if we push through that level is could indicate further upwards movement. There might be an additional level of resistance

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

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

XJO to drift lower with US markets closed for a public holiday

The XJO is expected to open moderately lower this morning, with futures pointing to an open around 7,750. Yesterday our market again held resistance around 7,775 – 7,800, which would have to break for further gains to look likely. To the downside, 7,700 is the key support to watch. Our market seems to be in

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

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

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

US ticks slightly further into all-time highs, XJO to open flat

The XJO is expected to open flat this morning following a slightly higher finish for the U.S overnight. Their futures are also flat. Yesterday we opened testing key resistance at 7,750 but managed to break through and hold our highs into the close. 7,775 – 7,800 seems to be another level of resistance which we

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

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

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

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

XJO to bounce as US continues into blue sky

The XJO is expected to open higher this morning following renewed buying in the U.S overnight which saw their market once again make fresh all-time highs. We should translate their move to an open near 7,750 – a resistance level we will contend with during our session today. U.S futures are in the green, and

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

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

XJO to drift lower with US shares continuing to stall

The XJO is expected to edge lower on open this morning following another indecisive night of trading in the US which saw their market finish slightly in the red. Over the past month or so, our market has also been making slightly lower peaks, and slightly higher troughs as we slowly form a broad pennant.

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

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

XJO expected to open flat, with Tech holding US markets high

The XJO is expected to edge lower on open this morning following a muted night of trading in the U.S which saw their market retake intraday losses to finish marginally higher. Yesterday we tried to retake some of the losses from earlier in the week, but didn’t have the conviction to move away from the

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

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

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

US inflation slows to its lowest pace in two years, XJO to rebound

The XJO is expected to open higher today following a strong night in the U.S on the back of softer than expected CPI. Their futures are flat this morning. Keeping with current trends, the U.S continues to move higher. Whether we can continue to follow them remains to be seen. This morning we will begin

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

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

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

Tech keeps US markets high, XJO to fall

The XJO is expected to continue yesterday’s fall on open this morning despite a small rise in the U.S on Friday. Their futures are in the green overnight. The U.S was mainly driven by tech overnight, which is not as well represented in our market. Furthermore, their financials were the worst performing sector overnight. Our

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

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

XJO to reopen around 7,800 with US markets stalling

The XJO is expected to open lower this morning. Without a strong U.S, which is instead tracking sideward, our market doesn’t have the confidence to hold the top of the range. We should rebound off 7,850 key resistance, with our expected open near 7,800 key support. There is also a short-term uptrend line that comes

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

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

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

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

US shares stall but dont fall

The XJO is expected to edge higher on open this morning following a night where the U.S was able to retake meek intraday losses to finish fairly flat. Their futures are also flat. All is quiet on the western front as we wait for U.S jobs data tonight which will no doubt set the tone

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

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

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,

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

US shares record fresh all-time highs, XJO to rise back above 7,800

The XJO is expected to rally on open following a strong night of buying in the U.S. Their futures are flat. We should flirt with 7,800 resistance on open, potentially breaking higher in the morning session. Beyond that we have the top of the range at 7,850 to 7,900, with 7,900 also representing approximately our

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

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

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

US shares slightly higher after late buying, XJO to open flat

Our market is set to open flat once again following another indecisive night in the U.S. For the past few days their market has retaken intraday losses to finish marginally in the green. Our market has translated this to our own sideward movement, and we should expect the same today. U.S futures are in the

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

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

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

US shares trade back and forth to finish flat, XJO to open slightly lower

The XJO is expected to open flat this morning following another tumultuous night of trading in the U.S which saw their market retake intraday losses to finish marginally in the green. Their futures are also flat this morning. Yesterday we managed to hold onto most of our gains as we broke the short-term countertrend higher.

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

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

US shares rise in the last hour of trade to ensure XJO will start the week high

We continue to trade range bound, with the top of the range being roughly 7,850 to 7,900 (our all-time highs), and the bottom of the range being roughly 7,550 to 7,500. We got within arms reach of the bottom of the range on Thursday and rebounded. Now it looks like we are heading back to

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

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

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

XJO to rebound with most US shares closing higher

The XJO is expected to rally on open this morning despite a pullback in the U.S last night. Their futures are also in the red. Perhaps it is because our market has already fallen over 3.5%, where as the U.S has barely fallen half of that, as to why our market is finding strength this

Who is going to power the AI boom?

It appears global investors are waking up and suddenly realising – who is going to power the artificial intelligence (AI) demand boom? We know the software and chipmaker companies who will benefit from the AI boom, as reflected in their share prices. However, attention has, rightly, also turned to how we are going to provide

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

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

XJO to fall further as US markets hit by selling

The XJO is expected to extend its falls again this morning following a pullback in the US overnight. Their futures are also heavily in the red, likely exacerbating our selldown. Yesterday was an unusually large fall on open considering the little leads we got from the U.S the night prior. However at 11:30am AEST, our

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

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

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

XJO to fall as US markets stall

The XJO is expected to tumble on open this morning. The U.S was flat overnight and their futures are also flat this morning. With little to no leads from overseas, our market is expected to pullback out of caution as we head into both a CPI update at 11:30am (AEST), and U.S GDP data on

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

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

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

US to edge higher with US markets closed overnight

The XJO is expected to open flat this morning. The U.S recovered overnight and their futures are flat this morning. We recovered well yesterday, rebounding off the underlying uptrend line, key support at 7,700, and the 50 Day MA. We stalled at 7,800 though, and this morning we will test it again. Markets are likely

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

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

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.

US shares rebound on Friday, XJO to open higher

The XJO is expected to open higher following a recovery in the U.S on Friday. Their futures are flat. For a moment there it looked like the U.S was going to break lower with its strong pullback last Thursday. However, during their Friday session they were able to retake much of the previous session’s losses

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

Understanding the Federal Budget from an investor perspective

The Australian Federal Government recently handed down the 2024-25 Australian Federal Budget – it was all about a bigger government role and fiscal policy support. The government handed down a second consecutive surplus thanks largely to higher commodity prices and ongoing strength in the labour market. Below we discuss key components of the budget.  Big

US shares reverse from all-time highs, XJO to fall

The XJO is set to tumble again today following a pullback in the U.S overnight. Their futures are flat. Our market should retreat back to the comfort of the 50 day MA on open this morning, which comes in at roughly 7,740. We may selldown further to 7,700 support if things get worse come open,

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

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

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?

Shares fall as Fed more hawkish than expected

The XJO is expected to open lower this morning following a tentative night of trading in the U.S, continuing on their sideward consolidation. Their futures are mixed, with Nvidia boosting aftermarket trading with their positive report. BHP on the other hand fell close to five per cent as their offer for Anglo was knocked back

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

US shares push higher and stall at all-time high

The XJO is expected to open higher this morning following a small move higher in the U.S overnight. Their futures have also edged into the green. The U.S managed to hold their gains and once again flirt with their all-time high resistance. Our market is expected to somewhat follow suit, but we may not exactly

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

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

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

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

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

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

XJO to open lower as strong Tech stocks hold US markets flat

The XJO is expected edge lower on open this morning following a flat session in the U.S overnight. Their futures have edged into the red. Volatility is coming out of the market. We had another inside day yesterday but managed to hold the gains. We pushed through 7,850 and should retest it on open this

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

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

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

US shares flat to higher on Friday, XJO to rise

The XJO is expected to open higher this morning following a flat night in the U.S on Friday. Their futures have edged into the green. The U.S managed to hold on Friday night, bouncing from the previous all-time high to retake intraday losses and finish fairly flat. Our market on Friday sold off two thirds

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

Shares stall despite lower CPI

The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are also flat, providing little to no leads. We had a big day of rallies yesterday. We blew through key resistance at 7,800 and 7,850, managing to finish the session by testing our all-time high resistance at

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

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

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

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

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

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

US markets drift back towards all-time highs ahead of key CPI reading

The XJO is expected to open higher this morning following renewed buying from the U.S overnight. Their futures have also edged into the green. We should open just below key support at 7,800 and it seems likely we test it today. It would be hard to expect our market to break with both the U.S

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

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

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

Markets treading water ahead of key CPI reading

The XJO is expected to open flat this morning following both a lackluster night of trading in the U.S and their flat futures this morning. It seems markets at this stage are waiting to for the CPI reading tomorrow night from the U.S. Before then it would be hard to expect too movement either way.

SCEE 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

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

US markets stable, XJO to open lower

The XJO is expected to edge lower on open this morning despite a meek rise in the U.S on Friday. Their futures are flat. The U.S is within arm’s reach of their all-time highs, but our market is struggling to follow suit. On Friday we managed to bounce from both the 50 day MA and

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

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

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

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

US markets resume rising, XJO to open higher

The XJO is expected to open higher this morning following renewed buying in the U.S overnight. Their futures are also in the green. Yesterday we had a strong pullback, reversing much of the past couple of session’s gains. We finished on a short-term uptrend line that has formed since the recent lows at 7,550. This

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

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

Markets stall but don’t fall

The XJO is expected to edge lower on open this morning following a U.S market which managed to retake intraday losses to finish exactly flat. Their futures are in the green. Yesterday we saw the momentum leave, or at least pause. Our meek open this morning further confirms the consolidation as we digest the recent

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

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

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

US shares stall, XJO to continue monster run

The XJO is expected to edge higher on open this morning following a flat night of trading in the U.S. Their futures are also flat. Yesterday our RBA kept interest rates unchanged at 4.35%, however Bullock in her statement was about as dovish as she could be given the current environment of sticky inflation and

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

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

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

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

Another strong US session to drive Australian market higher

The XJO is expected to rally on open this morning following another strong move higher in the U.S overnight. Their futures are flat this morning. We should open just above key resistance at 7,700 and test the 50 day MA. It seems reasonable that we hold the gains today, provided U.S futures don’t move too

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

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

US shares continue to rise, XJO to be dragged higher

The XJO is expected to rally on open this morning following a strong move higher in the U.S on Friday. Their futures are also in the green. Tech rallied, Apple announced a buy-back, and employment data was slightly softer than expected – all things their market needed to run higher. This will flow into our

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

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

US shares start to rebound following FED, Futures boosted by Apple

The XJO is expected to edge higher on open this morning following a meek recovery in the U.S overnight. Their futures are strongly in the green this morning, though led by tech, which is not well represented in our market. We should open near the highs of yesterday, and with positive U.S futures, should continue

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

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

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,

US shares relatively stable as FED tries to calm the market, XJO expected flat

The XJO is expected to open flat this morning following a tumultuous night of trading in the U.S overnight. Their futures have moved into the green however. Their market has taken the Fed meeting last night with mixed feelings. Our market is likely willing to hold key support at roughly these levels, bolstered by their

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

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

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

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

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

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

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

Flat open expected as markets tread water

The XJO is expected to edge higher on open this morning following a similar move in the U.S overnight and their flat futures this morning. It felt like our market was dragged higher kicking and screaming yesterday by positive U.S futures which heralded a stronger night than what ended up being delivered. They managed to

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

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

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

US strength to help XJO start the week in the green

The XJO is expected to edge higher on open this morning following a rebound in the U.S on Friday. Their futures are also in the green. On Friday, we practically managed to hold 7,600 key support. U.S futures were in the green during that session, which is what likely helped keep our market from tumbling

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

XJO to open back around 7,600 after CPI concerns and with US markets stalling

The XJO is expected to open lower this morning following a tumultuous night of trading in the U.S which saw their market retake intraday losses to finish slightly lower. Their futures are in the green. We should open near 7,600, about one per cent lower. This is likely on the back of unease in the

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

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

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,

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

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

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

US markets rebound, XJO to open higher

The XJO is expected to open higher once again following a continued rally in the U.S overnight. Their futures are flat. Yesterday we crept higher and managed to hold onto our gains into the close. We should flirt with both key resistance at 7,700 and the 50 day MA today. This means that our market

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

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. 

US markets finally finish higher after terrible run, XJO to rise

The XJO is expected to open higher once gain this morning following a rebound in the U.S overnight. Their futures are flat. Yesterday we managed to lead the U.S with our own rally which pushed as back above 7,600 to test 7,650. Though, we were bolstered by positive U.S futures throughout our session – so

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

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

US sees tech selling, XJO to start the week higher

The XJO is expected to open higher this morning despite a continued selldown in the U.S on Friday. Their futures have moved into the green. During our session on Friday, U.S futures smashed heavily into the red following an attack on Iran by Israel. The previous night, a Fed member also made hawkish comments on

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

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,

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

US markets lower again, but strong iron ore to help XJO higher on open

The XJO is expected to open lower this morning following another night of selling in the U.S, which saw their market once again shed their early session gains to finish marginally in the red. Their futures have edged into the green. During our past couple of sessions, U.S futures have heralded a rebound, but they

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

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

US markets lower again, but strong iron ore to help XJO higher on open

The XJO is expected to edge higher on open this morning despite continued falls in the U.S. overnight. Their futures have edged into the green. Our positive open is likely thanks to our two largest sectors, financials and materials, being in a good position to hold. The financials were up in the U.S overnight, and

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

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

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

US markets mostly stable as Powell less dovish

The XJO is expected to edge lower on open this morning after the U.S stalled overnight. Their futures have moved into the green. Yesterday our market seemed to fall out of nowhere, as volatility returned with a gusto following strong retail sales numbers from the U.S the previous night. We smashed through support at 7,700

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

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

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

US markets continue lower as rate cut hopes dashed

The XJO is expected to open lower this morning following continued selling in the U.S overnight. Their futures are flat this morning. Yesterday we managed to hold 7,750 support, likely bolstered by positive U.S futures throughout session. However, U.S retail sales came in stronger than expected, strengthening the creeping fear that rate cuts are at

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

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

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

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

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

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

US shares reverse most of their CPI losses, XJO expected slightly lower

The XJO is expected to edge lower on open this morning despite a strong rebound in the U.S overnight. Their market managed to hold support, and reverse most of the previous session’s losses. Their futures are also mildly in the green. Our market is expected to open near 7,800, which seems to be a popular

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

US CPI stronger than expected, markets move lower

The XJO is expected to open lower this morning following a strong pullback in the U.S overnight. Their falls are likely attributed to a stronger than expected CPI reading, which indicates that rate cuts are likely to be pushed further out. U.S futures are also in the red and if they remain so during our

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

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

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

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

US markets flat again ahead of key CPI reading

The XJO is expected to edge higher on open this morning following a U.S session which was mostly down but managed to crawl back intraday losses to finish marginally in the green. Their futures have also edged into the green. We should open testing 7,850 resistance, though it is hard to suggest we will break

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

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

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

US markets close flat, XJO to rise as iron ore rebounds

The XJO is expected to open higher this morning despite a flat session in the U.S overnight. Their futures are also flat. Our expected positive open may be due to a strong move higher in iron ore yesterday, with the iron ore miners rising sharply in the US. Yesterday we meekly priced in some of

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

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

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

US shares rebound with strong jobs data, XJO to rise on open

The XJO is expected to rally on open this morning following a strong rebound in the U.S on Friday which saw their market move back above their key support. Their futures are also in the green. On Friday we managed to retake almost half of the intraday losses by close as we rebounded off key

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

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

US shares fall on hawkish FED comments, XJO to reverse yesterday’s gains

The XJO is expected to open lower this morning following a big selloff in the U.S overnight. Their futures are flat. We should wipe off yesterday’s relief rally and continue the decent we started on Wednesday. 7,750 support will be tested on open this morning, and will likely fail. 7,700 is the next key level

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

US shares mostly higher despite late selling, XJO to rise

The XJO is expected to open higher this morning following a recovery in the U.S which saw their market rebound from support and their underlying uptrend line. Our market should open just above 7,800. Like the U.S, we are also bouncing from key support at 7,750 which we stalled at yesterday. With U.S futures being

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

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

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

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

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

Markets drift lower on little news

The XJO is expected to edge lower on open this morning following a pullback in the U.S overnight. Our market remains overbought in the short-term, and a move like last night should lead to selling, however at this stage our market looks resilient. This may be due to a combination of flat U.S futures, and

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)

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

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

Flat open expected after US markets rise on Thursday but fall overnight

The XJO is expected to open flat this morning following the easter long weekend. The U.S were fairly flat on Thursday and Monday night as their market continues to track sideward into their underlying uptrend line. We made fresh highs during our last session on Thursday. We managed to hold onto the gains, finishing near

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

US markets return to all-time high, XJO likely to open at record

The XJO is expected to open higher this morning following a renewed rally in the U.S overnight. Their futures have dipped into the red however, and if they remain so during our session, we could see an intraday pullback from our highs. We should retest all-time highs at roughly 7,850 on open. We may have

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.

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

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

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

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

US markets continue to drift, relatively flat open expected

The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures have edged into the green. Our market pulled back yesterday to test the short-term uptrend line and this morning we should test it again. With U.S futures in the green, we may continue to

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

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

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,

XJO futures lower after US markets slightly lower for the second session

The XJO is expected to open lower this morning following another small pullback in the U.S overnight. Their futures have edged into the green. Yesterday we reached all-time high resistance at roughly 7,850 and then pulled back intraday to give up almost half the day’s gains – keeping in step with the general indecisive movements

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,

XJO to drift higher on open after US shares take a breather on Friday

The XJO is expected to edge higher on open this morning following a mixed and uneventful night of trading in the U.S on Friday. Their futures are flat. We crawled back most of our intraday losses on Friday, to finish marginally in the red. We bounced off key support at roughly 7,750 as well as

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

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

XJO to open slightly lower after US shares give up much of their gains

The XJO is expected to edge lower on open this morning despite a continued rally in the U.S overnight. Their futures are flat. As to be expected, yesterday’s momentum will likely die down back into meek and indecisive movement. Despite the underlying uptrend still likely in play, our market looks set to continue trading sideward

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

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

FED retains dovish stance and markets rise

The XJO is expected to rally on open this morning following a surge higher in the U.S overnight. Their futures are flat. The Fed maintained a dovish tone, fueling further gains overseas, and at this stage our market is happy to follow along. We should flirt with 7,750 on open this morning as we did

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

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

US shares trade back to highs ahead of key Fed meeting

The XJO is expected to edge higher on open this morning following a rally in the U.S overnight which saw their market return back to all-time high resistance. Yesterday we managed to crawl higher, but we arguably held resistance at roughly 7,700. This morning we should clear it, albeit meekly. We continue to trade in

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

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

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

XJO to open flat after US markets give up much of their overnight gains

The XJO is expected to open flat this morning despite a rally in the U.S overnight. Their futures are flat. Yesterday we were also flat as we grinded along resistance near 7,700. Our market continues to trade in a fashion where we get one or two days of volatility, which is immediately met with meek

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

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

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

XJO to open slightly lower after Friday’s craziness

The XJO is expected to open flat this morning. U.S futures are also flat at this stage. The U.S pulled back on Friday night, but our market had already gone through the mill during our Friday session. We sold off for much of the day but bounced off both 7,600 key support and the 50

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

XJO to fall on open after further strong US price data

The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures have also edged into the red. We should open near 7,650, breaking through support near 7,700. This would also break the uptrend line we have traded on since the rally began back in October. 7,600 is the

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

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

US markets mostly lower, XJO to rise on open

The XJO is expected to edge higher on open this morning following a flat night in the U.S. Their futures have edged into the green this morning. As expected, markets have continued trading in a way where we see one or two sessions of volatility, followed by rather lackluster sessions of sideward movement. This ultimately

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,

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

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

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

US markets rise despite lift in CPI, XJO to open higher

The XJO is expected to edge higher on open this morning following a strong rally in the U.S overnight. Their futures are flat this morning. Most of their rally was in tech, which is not as well represented in our market, and with a lamenting materials sector we will not likely rally to the same

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

Markets stabilise as they await important CPI reading

The XJO is expected to edge higher on open this morning. The U.S finished close to flat after rebounding intraday from their lows. Our market sold off quite heavily yesterday, and so with the U.S holding overnight, we should claw back some of the extended losses. U.S futures are also mildly in the green. Yesterday

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

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

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

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.

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

US shares reverse from all-time highs, XJO to open lower

The XJO is expected to open lower this morning following a pullback in the U.S on Friday. Their futures have edged into the red this morning. We managed to break higher on Friday and make fresh highs once again, however, as usual, our new heights are being met with selling. The market remains indecisive and

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

Powell suggest that rate cuts are getting closer, markets continue higher

The XJO is expected to rally on open this morning following a rebound overnight in the U.S. Their futures are flat this morning. Recently we have been leading the U.S. Yesterday we rebounded from key support at roughly 7,700, and roughly where the uptrend line comes in. The U.S overnight followed suit. GDP data came

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

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

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.

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

US shares close higher, XJO to rise back towards highs

The XJO is expected to rally on open this morning following a rebound overnight in the U.S. Their futures are flat this morning. Recently we have been leading the U.S. Yesterday we rebounded from key support at roughly 7,700, and roughly where the uptrend line comes in. The U.S overnight followed suit. GDP data came

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

Zoono and OSY team up to tackle food waste in exclusive agreement

Despite global efforts, food waste remains a challenging problem to solve. Each year, 1.3 billion tons of food is wasted due to poor handling, costing the global economy $1.5 trillion. This waste contributes 6-8% of annual greenhouse gas emissions and, what’s more, if saved, it could have fed about 1.26 billion people. No doubt, food

US shares fall back to the trend line, XJO to drift lower

The XJO is expected to open flat this morning despite a strong pullback in the U.S overnight. Yesterday we pulled back to form an evening star reversal pattern. We also led the U.S, who followed us lower overnight, however their move was far more exaggerated. Our mute response to their pullback overnight, aside from us

Cynata recruits first patient for Phase 2 trial of stem cells for graft vs host disease

Aussie clinical stage biotech company Cynata Therapeutics (ASX: CYP) has marked a milestone in its Phase 2 clinical trial of CYP-001 for high-risk acute graft versus host disease (aGvHD) with the enrolment and treatment of its first patient. High-risk acute graft versus host disease (aGvHD) is a serious complication that can occur after a stem

Revasum extends voluntary suspension in pursuit of takeover offer

While the artificial intelligence industry has been a big winner from the bumper financials delivered by semiconductor company NVIDIA last month, shareholders of semiconductor equipment firm Revasum (ASX: RVS) are still waiting to see the share price gains delivered by peers. The wait could take another two weeks, with Revasum extending its voluntary suspension in

Beforepay launches Carrington Labs, aims to revolutionise B2B lending with artificial intelligence modelling

With a name that evoked interest amid the Buy-Now-Pay-Later boom led by Afterpay, it came as no surprise that Beforepay (ASX: B4P) drew initial interest in its lending products before shares tanked as the BNPL bubble burst. But unlike its more high profile peer, Beforepay has turned things around financially and with better tech, is

Shares drift lower from all-time highs

The XJO is expected to open lower this morning following an intraday retracement in the U.S overnight, which saw their market finish marginally in the red. Their futures have also moved into the red, and if they remain so during our session today, expect the opening losses to extend. It seems over the past couple

Cost reductions, new management and more: Jayride’s strategic review brings hope

Online travel aggregator Jayride (ASX: JAY) had little choice but to undertake a comprehensive strategic review following dwindling profit margins. In November 2023, during a Shareholder Address, Chairman Rod Cuthbert acknowledged the pit, or “challenging position”, the Company was in. Founded in 2012, Jayride aggregates ride service companies and distributes them to travellers at Jayride.com,

FBR and Liebherr sign a maintenance agreement for the Hadrian X robot before its US debut

Instead of toiling away in the sun, rain and hail, construction workers will soon be able to catch a break as the bricklaying robot Hadrian X paves its way to commercialisation. Robotics tech company FBR (ASX: FBR) has announced its collaboration with manufacturing company Liebherr USA Co. in Miami, Florida. Liebherr’s facilities will serve as

Shares at their highest ever levels

The XJO is expected to edge higher on open this morning. On Friday we broke higher, making fresh all-time highs. The U.S followed suit in their session Friday night and their futures are flat this morning. Their market has consistently dog-legged higher, so it is good to see our market finally have the courage to

Dubber uncovers financial anomaly, immediately attempts to recoup $26.6m and suspends CEO

Dubber Corporation (ASX: DUB) has found itself embroiled in a financial quagmire during its audit process which has prompted the tech company to notify the market that efforts have commenced immediately to locate $26.6 million which was believed to be held in term deposits. It also led to the immediate suspension of Managing Director Steve

From Families to Funerals: AF Legal to acquire will disputes division of Armstrong Legal for $3.7m

Australian law firm AF Legal (ASX: AFL), which specialises in family and relationship law, is all set to acquire the contested wills and estates practice of Go To Court Lawyers Pty Ltd (GTC), trading as Armstrong Legal, for a sum of $3.7 million.  This move comes amidst a backdrop of increasing intergenerational wealth transfers and

Markets back to all-time highs

The XJO is expected to open flat this morning following a small rebound in the U.S overnight. Their futures have edged into the green. Yesterday we managed to reach key resistance at roughly at 7,700 and stalled. With the U.S continuing its sideward march overnight, our market likely feels reluctant to push through and make

UNITH to integrate Digital Human platform with WordPress and Shopify plugins

In an ever-expanding digital landscape, artificial intelligence company UNITH (ASX: UNT) is poised to integrate its Digital Human platform with two of the world’s largest online platforms. Through new plugins, UNITH digital humans will be effortless to deploy by WordPress and Shopify users, leveraging their widespread adoption to propel AI-powered digital humans to new heights.

Capitol Health pulls the plug on unprofitable sites, focuses on larger clinics and acquisitions

In Australia, the landscape of diagnostic imaging is evolving rapidly, especially in response to the needs of an ageing population. With Medicare expanding its coverage of diagnostic imaging items, there’s a newfound impetus for individuals to prioritise early detection and preventative healthcare measures, ushering in a promising era of proactive health management. In keeping with

Aussies look for simple online tax return systems, One Click’s revenue surges

Most Australians onboard a tax agent to lodge their tax returns—it’s simpler and enables them to maximise their returns. But that’s not the only reason they avoid taking the digital route. There’s also the perception that filing tax returns online is complicated.   To address that, FinTech platform One Click Group (ASX: 1CG) has used every

Booktopia sales plummet as Australians say no to books as Christmas presents

They may be Australia’s largest online bookstore but based on Booktopia’s (ASX: BKG) results, books were not popular at all over Christmas as orders waned and revenue fell significantly compared to the previous retail season.  For the Half Year ended 31 December 2023, Booktopia reported $86.3 million, marking a substantial 22% decrease compared to the

US markets drift lower with inflation concerns, XJO to open lower

The XJO is expected to open lower this morning. This follows a fairly flat night in the U.S, however their futures have moved well into the red this morning which will likely weigh on our market today. Yesterday was in step with the indecisive and low volatility environment we have been trading in for the

Harris Technology reports surge in profit margins on tech products despite economic headwinds

Amidst the challenging economic landscape of Australia’s cost-of-living crisis, eCommerce company Harris Technology (ASX: HT8) has emerged as one of the consumer friendly retailers offering low-cost alternative tech products that have proven immensely popular amongst cash-strapped households.  As economic pressure tightened the purse strings of these households, customers have shunned discretionary retail in droves, a

Novatti’s business transformation takes shape under new leadership with revenue up and expenses down

Since undertaking its first major leadership change since listing on the ASX, digital payments company Novatti Group (ASX: NOV) has reported encouraging results, six months into a business transformation that has streamlined the previously fragmented fintech.  For the Half Year ended 31 December 2023, Novatti generated $21.4 million in sales revenue which represented a 12.1%

Next Science sees wound care sales quadruple, boosts investment in direct sales

Sydney-based MedTech company Next Science (ASX: NXS) has reported a bumper result with its annual sales, reaching $33.7 million, a 90% increase compared to the previous year. This surge is primarily attributed to the expansion in the Wound Care and Surgical segments, driven by a strategic focus on direct sales and the successful implementation of

Fleetwood returns to profitability, boosted by buildings and communities

Amid Australia’s housing crisis, people’s ambitious plans to set up and expand their businesses have anything but halted. Thanks to the anticipated demand from the post-pandemic population growth, construction and building companies like Fleetwood (ASX: FWD) are winning big.   In H1 FY24, Fleetwood recorded a net profit after tax (NPAT) of $3.9 million following an

Shares stable at the top of the range

The XJO is expected to edge higher on open this morning following a small intraday recovery from the U.S overnight which saw their market finish marginally in the green. Their futures are flat. Our market continues to trade at the point of the pennant pattern. Yesterday we rebounded off the underlying uptrend line and managed

City Chic sees sharp revenue fall amid dwindling consumer confidence

Plus-size clothing retailer City Chic (ASX: CCX) has posted a 29% revenue decline for H1 FY24, citing inflationary pressures. Dwindling consumer confidence caused the Company’s sales revenue to drop to $105.8 million compared to H1 FY23’s $149.9 million.  Online sales also remained challenging, but there were signs of improvement in stores during Q2. Going by

Revenue increases, occupancy remains flat: G8 carries on with divestments and fee hikes in CY24

After increasing fees following an uptick in childcare subsidies for parents and reducing wages, early childhood care provider G8 Education (ASX: GEM) ended CY23 on a high. The Company reported a 9.1% increase in revenue, reaching $983.4 million, alongside a 53.1% rise in Statutory NPAT to $56.1 million compared to CY22. This growth was primarily

TZ Limited swings back into profitability after global restructure to capitalise on smart locker demand

With the convenience of eCommerce and having goods delivered to your door, it’s no surprise that doorstop theft has become one of the biggest issues facing the industry. It’s why smart lockers from TZ Limited (ASX: TZL) are proving immensely popular and swinging the Company into profitability following a global restructure of their operations and

Markets stall out around their peaks

The XJO is expected to open flat this morning despite a small pullback in the in the U.S overnight. Their futures are flat this morning. We continue to trade in an ascending triangle, and possibly a pennant pattern. Yesterday we stalled at possibly a countertrend line. Regardless, the uptrend line comes in just above 7,600,

Auswide Bank sees NPAT decline by over 45% in the face of tough competition

From being a building society—offering financial services like loans and mortgages—to being an Aussie-owned bank, Auswide Bank (ASX: ABA) hasn’t had an easy rise up to take on the Big Four with intense competition on the home loans and deposit fronts. Auswide Bank reported a 45.7% decrease in its Statutory NPAT to $7.6 million amidst

No discount? No deal: Value-oriented customers leave Adairs in the lurch

Who doesn’t love a discount? The amount of nods to this question has increased over the past year thanks to rising prices and inflation. It’s no wonder then that luxury retailers like Adairs are not gaining consumers’ favour. In the first half of FY24, household retailer Adairs (ASX: ADH), like many others, dealt with reduced

US markets reverse early gains to close flat, flat open expected for Australian shares

The XJO is expected to open flat this morning following an indecisive night of trading in the U.S which saw their market also finish flat. Their futures have edged into the red. We continue trading in our broad ascending triangle. The U.S managed to push through theirs late last week, thanks to a strong rally

Devastating storms and cancellations see Coast Entertainment’s earnings decline

With a new name, attractions and spirit, theme parks and entertainment company Coast Entertainment Holdings (ASX: CEH) has kicked off life to shed baggage of yesteryear dramas but not even a surge in ticket sales was able to offset losses incurred from storm damage to its attractions.  A class action lawsuit (costing the Company about

Monash IVF sees surge in LGBT+ patient registrations amidst strong revenue growth

A strong uptick in patient registrations from the LGBT+ community for reproductive services has seen a healthy upswing in revenue for Monash IVF (ASX: MVF) which has seen no impact to its business despite a major pullback in discretionary spending across the country.  The Company’s Half Year results for the period ended 31 December 2023

LaserBond expands into Western Australia with strategic investment into Gateway Parts and Services

Perth-based equipment parts and servicing business Gateway Group has been partially acquired by surface engineering company LaserBond (ASX: LBL) in a move that strengthens the Company’s presence in Western Australia and opens doors to new market segments. The acquisition, valued at 4.5 times Gateway’s EBITDA, involves a mix of cash and scrip. LaserBond will initially

NVIDIA drives global markets higher

The XJO is expected to rally on open this morning following a massive move higher in the U.S overnight which saw their market once again make fresh highs. Most of the rally was driven by NVDIA, so it is not reasonable to expect the same gains in our market. We should open near 7,650 and

In-store theft rises as The Reject Shop cites the impact of shrinkage on margins

At a time when about half of younger Aussies are spending over 50% of their income on rent, the affordability crisis is magnified. It’s no wonder then that discount store chains like The Reject Shop (ASX: TRS) are gaining consumers’ favour.  The Reject Shop is a merchandise-led business that collects cancelled orders, overproduced products and

Lark Distilling gears up to enter Singapore, Indonesia and more Asian regions

Due to inflation and rising costs, consumers tightened their belts, leaving their liquor glasses half-full and wallets fuller. It so appears, the domestic glasses will remain half empty for a while, with luxury whisky and liquor company Lark Distilling (ASX: LRK) still reeling under the economic hangover. In H1 FY24, Lark’s net sales revenue was

Futures flat, but NVIDIA shines aftermarket

The XJO is expected to open flat this morning, following a U.S market that managed to rally from their lows to finish marginally in the green. Their futures have also moved into the green this morning. The U.S looks like it is willing to hold their underlying uptrend line by bouncing from it intraday last

UniLodge partners with Novatti, enabling international students to pay bills from digital wallets with fixed fees

Australia is currently home to more than 850,000 international students, as one of the world’s most sought after countries for higher education, generating more than $38.9 billion per annum. For many of these students, adapting to a new culture is extremely difficult and why student services business UniLodge has teamed up with digital payments company

Strong demand for leisure travel in Aus and NZ drives Helloworld’s revenue doubles and earnings return

Coming off the summer break, Australia and New Zealand-based travel distribution company Helloworld Travel (ASX: HLO) reported strong financial results for the first half of FY24, driven by growing demand for leisure travel.  The Company’s earnings surged to $34 million, marking a 117.7% increase from the previous corresponding period’s $15.6 million, while Total Transaction Values

Lower customer spending affecting lottery uptake, says The Lottery Corp

How much would you be willing to spend to test your luck? While the cost of a Powerball lottery ticket might not be much—ranging between $6 and $31 (or more, depending on the game type), Aussies collectively spend billions on lottery tickets. However, for consumers, affording the luck of the draw has been paling in

Iron ore falls strongly, likely dragging XJO

The XJO is expected to edge lower on open this morning. Yesterday, U.S futures heralded a stronger pullback which our market was skeptical to start pricing in and we managed to hold flat in the face of it. It seems we were vindicated, with the U.S overnight managing to claw back almost half of the

Labour shortages and cost inflation slug Integral Diagnostics, hopes for better second half than first

Australia’s labour shortage struggles are far from over, continuing to impact companies like diagnostic imaging services provider Integral Diagnostics (ASX: IDX). This impact was reflected in its mixed results for the first half of FY24.  Integral Diagnostics is an Australia and New Zealand-based medical diagnostics company offering radiology services—from X-rays and CT scans to ultrasounds,

A hot winter not great for KMD Brands with poor Kathmandu sales delivering a disappointing result

At the start of a year, many of us pledge to make massive improvements to our lives—spending less on unnecessary things, cooking more, working harder and such. Typically, around halfway, we call it quits and get on with our lives as they were. Then comes the guilt, the resentment, and the new year with new

Bubbas cop economic pressure as Baby Bunting sales struggle, profits squeezed

Once the little angels that lit up young family households, it seems that even our littl’ist bubbas are flying with a pair of low-cost wings as Australia’s cost-of-living pressures have flowed down to our smallest residents, evidenced by a lacklustre half year reported by Baby Bunting (ASX: BBN).  For the Half Year ended 31 December

Flat open expected with US markets closed overnight

The XJO is expected to open flat with no leads from a closed U.S market overnight. Yesterday we did very little as we continue to track near all-time high resistance at roughly 7,700. Today we should not expect much either. We continue to trade in an ascending triangle pattern, with the uptrend line coming in

Victor Group invests $2m in FinTech company LIT, eyes Southeast Asia expansion

Cloud-enabled smart education platform operator Victor Group Holdings (ASX: VIG) has entered into a strategic investment agreement to acquire a 25% ownership stake in LIT Technology Pty Ltd for $2 million. This marks its transition from being an exclusively e-learning platform to dipping its toes in buy now, pay later and FinTech at large.  This

More sites under management, Smart Parking sees revenue surge by 20%

After seeing a major uptick in its share price over the past year, parking tech company Smart Parking (ASX: SPZ) attributed its growth to the strategic expansion of its managed sites, pointing to a promising trajectory for the Company. For the Half Year ended 31 December 2023, Smart Parking revealed a 20% increase in revenue

US shares pull back from all-time highs, XJO to open flat

The XJO is expected to open flat this morning following a pullback in the U.S on Friday. U.S futures have moved into the red, and they are likely to drag us down if they remain so by market open. On Friday we pretty much moved back to our all-time high resistance and level and pulled

Abacus Storage King reports nine acquisitions in H1 FY24 in bid to assert self-storage dominance

Owing to frequent supply chain bottlenecks and a surge in online retail, the importance of self-storage units spread across a region has come to the forefront. This is true for both companies as well as consumers who have accumulated goods or are planning a big house move. At such a time, self-storage operation platforms like

Seven West Media to invest over $9m in Mad Paws to boost reach via ads

Pet sitting and online pet services company Mad Paws (ASX: MPA) has received a strategic investment of up to $9.25 million from the media house Seven West Media (ASX: SWM). This investment comprises $5.25 million in the initial tranche, including $1.25 million in cash and advertising equivalent to $4 million. This investment will help boost

Chatting with Asset Manager Tom Milner and how he’s overseen $1 billion paid in dividends

In a recent podcast episode , I chatted with Tom Milner, Portfolio Manager at Contact Asset Manager, to explore the evolution and investment strategies of his firm. As they commemorated the 20th anniversary of BKI Investment Company's (ASX: BKI) listing in 2003, Tom detailed the company's journey from a $172 million market cap to an

Back to all-time highs?

The XJO is expected to open higher this morning following another strong night of gains in the U.S. Their futures are flat. The U.S is unashamedly rising in the face of stronger than expected economic data, and we are being dragged kicking and screaming along with it. Our market recently has been skeptical of the

Syntara partners with University of Newcastle and ALLG to reduce blood transfusion dependence in blood cancer patients

Blood cancer patients undergoing chemotherapy could soon have a reduced dependence on blood transfusions thanks to a new clinical study announced, run in partnership between biotech company Syntara (ASX: SNT), the University of Newcastle and the Australasian Leukaemia and Lymphoma Group (ALLG).  The Phase 2 clinical study has been backed by a $0.83m grant to

Cambium Bio to enter ASX through backdoor listing via merger with Regeneus to treat dry eye disease

If you’ve ever had dry itchy eyes, you’re not alone. In just the United States, there are more than 17 million people suffering from dry eye disease (DED) which Cambium Bio is seeking to address through Phase 3 clinical trials that will be assisted by access to new capital as an ASX-listed company upon completion

Shares rebound as investors shrug-off negativity

The XJO is expected to open higher this morning following a rebound in the U.S overnight. Their futures are flat this morning. The U.S quite clearly rebounded from their uptrend line and we are set to do the same this morning. Yesterday we heralded the rebound, as we retook roughly half the intraday losses into

International Bank of Australia continues funding round with valuation uplift for Novatti

The International Bank of Australia could soon be the next challenger bank set to take on the traditional banking landscape with investors keen for a slice of the digital bank which is in the middle of a funding round, most recently raising at a pre-money valuation of $24.7 million.  International Bank of Australia (IBoA) was

Aussie real estate market signals return to growth with Domain revenue up 11%

Rounding up the first half of FY24, digital real estate portal Domain (ASX: DHG) was relieved to find a positive environment in Sydney and Melbourne, with early signs of improvement in smaller markets. As buyers dealt with higher interest rates and cost of living, demand continued to soar, benefitting real estate companies. Domain reported a

Shares fall as stronger inflation data pushes out rate cut timetable

The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their CPI came in stronger than expected and though their reaction last night was visceral, they managed to retake some intraday losses into the close whilst rebounding from their uptrend line. Furthermore, their futures are flat this morning, rather

Airtasker’s Journey: An interview with co-founder and CEO Tim Fung

As part of a recent Sydney trip, I chatted with Tim Fung, co-founder and CEO of Airtasker (ASX: ART), to discuss the platform's transformative journey from a local concept to a flourishing global marketplace. Airtasker, renowned for connecting individuals with a broad spectrum of service needs to those willing to fulfill them, has seen remarkable

Platinum Asset Management sees cancer treatment potential, boosts stake in Syntara to 19.24%

Heads have turned in biotech circles with an ASX filing confirming that Platinum Asset Management has increased its stake in clinical-stage drug developer Syntara to 19.24%, fresh off the commencement of a Phase 2a clinical study that has the potential to become a new treatment for patients diagnosed with myelofibrosis (bone marrow cancer). The combination

Seek maintains revenue ambitions despite businesses finding cheaper alternatives to job advertising

It is not just a tough environment for job seekers but also for job portals like SEEK (ASX: SEK), which are grappling with lowered ad revenue. In H1 FY24, SEEK reported a 5% decline in revenue compared to H1 FY23, totaling $596.8 million. EBITDA saw an 11% decline to $252.9 million, while net profit after

Seven revenue and profits continue decline as Aussies streaming services pinch eyeballs and advertising demand

As more Aussies turn to streaming services, traditional TV networks like Seven West Media (ASX: SWM) are facing tough times. Less people are watching TV, which means less money spent on ads, hitting Seven’s finances hard. Last year, Australian TV ads dropped by 8%, while the total TV market declined by 9%, reflecting the trend

Shares mixed, but mostly flat

The XJO is expected to edge higher on open this morning despite a small pullback in the U.S overnight. Their futures have also edged into the red. The sidewards consolidation continues as we track around 6,950. Key support remains 7,550, and key resistance remains roughly 7,700. It seems markets are quiet heading into the CPI

HighCom flags profit downgrade despite global conflicts driving demand for body armour

War may be ravaging through parts of the Middle East and Ukraine, prompting many contract wins over the past 12 months but that hasn’t translated into profit for body armour and ballistics manufacturer HighCom (ASX: HCL) which has confirmed large losses are now anticipated. The profit downgrade, which HighCom announced after the market closed on

Cheaper pap smears for Saudi women as TruScreen gets reimbursement approval from insurers

In a much-needed and laudable development for women’s healthcare in Saudi Arabia, medical devices company TruScreen’s (ASX: TRU) distributor, Bettalife, has successfully obtained reimbursement approval from the majority of private health insurance companies in the country. With reimbursement in place, women who are insured and opt for TruScreen over the conventional Pap Smear will receive

Appen announces a plan for a Google-less FY24 and beyond

After losing a major customer contract with Google, machine intelligence and data company Appen (ASX: APX) has been taking proactive steps to address its financial impact. On January 20, 2024, Appen received notice from Google LLC that, as part of a strategic review process, Google would be terminating its global inbound services contract with Appen.

US shares continue higher, XJO expected to open flat

The XJO is expected to open flat this morning, despite a small rally in the U.S on Friday. Their futures have edged into the red. Despite the continued strength in the U.S, our market is simply consolidating at the top of the range. Why, could come down to a few different things, but wholistically, our

Nido secures $67m debt facility to boost acquisitions as ACCC cracks down on misuse of childcare subsidies

In the face of a mounting affordability crisis, childcare operators are being scrutinised for potentially exploiting government-mandated relief meant for struggling parents. However, regulatory changes could soon put an end to this. A parliamentary inquiry is set to delve into concerns about childcare centres hiking fees whenever subsidies increase. This move comes as Australian parents

UNITH’s investment in generative AI sees 100% growth, driven by AudioStack’s synthetic audio and voice cloning

Artificial intelligence company UNITH (ASX: UNT) has witnessed a 100% increase in the value of its investment in AudioStack, a testament to its foresight in the realm of generative AI with UNITH’s 9.7% rising to $3.9m, up from $2m in just 8 months.  AudioStack, formerly known as Aflorithmic Labs, recently concluded a significant pre-Series A

SP500 flat at 5,000, XJO to open flat

The XJO is expected to open flat this morning following an uneventful night of trading in the U.S. Their futures are flat this morning. With little to go off last night, our market is likely in no mood to make any real decisions today. Key Asian markets are in the red this morning, so with

Genus wins $40m project to develop solar farm and substation on Queensland crown land

National essential power and communications infrastructure provider GenusPlus (ASX: GNP) has secured a $40 million contract from ACCIONA Energia for the design and construction of the Substation Works for the Aldoga Solar Farm project in Queensland.  The development of the Aldoga Solar Farm and its 275kV Substation (for electrical generation and distribution) represents a significant

REA reports 18% revenue growth despite housing market volatility, expects slower second half

Despite the ongoing volatility in the real estate market (if you’ve been house hunting, you already know), digital property group REA Group (ASX: REA) has shown strong results in H1 FY24, driven by greater demand and higher prices.   Compared to H1 FY23, the Company saw an 18% surge in revenue to $726 million, coupled with

SP500 approaches 5,000, XJO futures flat

The XJO is expected to edge higher on open this morning despite a continued rally higher in the U.S which saw their market make another set of fresh highs. We could see their strength flow into our market by the time it opens, however we remain tentative as we continue to trade near the top

Sequoia Financial Group launches legal action against former employee, seeks $3.5m in damages

Things may not have been as they appeared on the surface when Sequoia Financial Group (ASX: SEQ) acquired three media businesses in 2022 before an internal matter entered the public space via former employee Tim McGowen, who is now being sued by Sequoia to the tune of $3.5 million.  Sequoia has commenced legal action against

Cettire plans China entry after reporting strongest half year result

Luxury retail platform Cettire (ASX: CTT) is coming off a pretty successful first half FY24—a remarkable feat at a time when luxury spending has taken a backseat. The Company saw a major uptick in gross revenue, reaching $460.5 million, a 90% increase compared to the previous corresponding period. Sales revenue also soared to $354.3 million,

Is beer a thing of the past? Good Drinks Australia says it’s getting there

Are you no longer reaching out for pints when you head out? You’re not alone. The cost-of-living crisis has hit the beer, and companies like independent brewers Good Drinks Australia (ASX: GDA) are having to navigate the new consumer sentiment. In fact, reports suggest that Aussies are slowing down their alcohol intake altogether, with more

US shares hold near their highs, XJO likely to rebound on open

The XJO is expected to open higher this morning following a small rise in the U.S overnight. We are expected to open near 7,650, retaking much of the past couple of days losses. The recent sell down we have seen was pre-emptive, and largely led by the materials. With the U.S once again tracking sidewards

Janison inks $45m deal with NSW Department of Education to deliver computer-based testing

Aussie EdTech company Janison Education Group (ASX: JAN) has clinched a major deal with the NSW Department of Education and Cambridge University Press & Assessment. The partnership aims to modernise the state’s selective education placement tests by leveraging Janison’s digital assessment platform.  The agreement—which is the outcome of a competitive tender process—designates Janison to handle

Taking AdVantage: BetMakers and PA Betting join forces to introduce global wagering platform

Wagering tech company BetMakers Technology (ASX: BET) has unveiled a five-year partnership with PA Betting Services, a division of the UK-based PA Media Group. The duo is gearing up to launch a broadcast streaming and wagering platform for intended distribution into world racing markets. The platform, dubbed “The AdVantage Platform”, will combine the latest wagering

Shares drift lower, RBA to come

The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures are flat this morning. Yesterday we pulled back and held on to most of the day’s losses into the close. This morning, we should open near 7,600, and retest the lows of yesterday. We

New campuses, courses and strategies: NextEd gears up for increased international student intake in 2024

Australian tertiary education provider NextEd Group (ASX: NXD) is all set up for the new student intake season. It has secured regulatory accreditation for three new vocational healthcare courses—aged care, individual support, and community services—to cater to international students. With marketing efforts in full swing, targeting English language students and using recruitment agency networks, the

MCS Services shifts focus to national clients, plans sale of regional security company for $3 million

Security and traffic services provider MCS Services (ASX: MSG) has entered into a conditional agreement to sell its security business for a cash consideration of $3 million to Vibrant Services. MCS Security Group is the Company’s wholly-owned subsidiary and a leading supplier of security services at commercial property sites and retail shopping centres, principally in

US markets driven higher by Facebook and Amazon, but XJO to open lower

The XJO is expected to fall this morning despite a continued rally in the U.S on Friday which saw their market make fresh all-time highs. We should give up most of Friday’s gains, opening near 7,600. Our market is likely nervous heading into the RBA meeting tomorrow. Rates are expected to remain on hold, but

Pentanet reports 7% revenue growth in H1, looks to control churn rate

When 5G tech was introduced, Australia became the first country in the southern hemisphere to adopt it. Around four in five Australians have access to 5G already and by 2025, 95% are set to have 5G coverage.  Companies like Perth-based telecommunication and gaming company, Pentanet (ASX: 5GG) are at the forefront of this adoption. In

US markets retract most of Fed driven losses, XJO to rebound

The XJO is expected to open higher this morning following a strong recovery in the U.S overnight. Their futures are mixed this morning. Well, the pullback was short-lived. What was roughly eight days of straight gains in a tremendous run higher, has been met with only a pause for now. We of course could see

Nanoveu receives two orders from South Korean company, demonstrates tech in the US

Deloitte’s report on the fourth industrial revolution revealed that 44% of Chief Experience Officers expect a significant impact from nanotechnology on their organisations. These impacts could be across a range of industries from healthcare to entertainment. For instance, ever wondered how cool it would be if you could convert the videos on your phone into

Thrive Tribe adds new features to Instagram-like wellness app to improve user experience

Sydney-based HR and wellness company Thrive Tribe Technology (ASX: 1TT) has been driving the development of its Sixty app in Q2 FY24. Besides improving existing features, like user-friendly dashboards and a convenient storage library, efforts have been focused on expanding the Sixty platform to elevate the overall user experience. Last year, Thrive Tribe went full

Fed pushes out rate cut timetable, XJO to move lower

The XJO is expected to open lower this morning following a strong pullback I the U.S overnight. Their futures have edged into the green. The U.S reacted poorly to the Fed meeting last night and will drag us down with them this morning. Our market managed to just squeeze fresh highs yesterday, and as usual,

UNITH sets stage for mass adoption of digital humans with big interest from recruiters

In a major stride towards redefining the landscape of artificial intelligence, UNITH (ASX: UNT) has achieved a significant milestone with the soft launch of its self-service Digital Human platform. The controlled soft launch, aimed at a select group of users and clients, has already demonstrated promising results, leading to an expansion of licences by existing

US markets stall as prices look expensive

The XJO is expected to open lower this morning following a night of very little movement in the U.S overnight. Their futures have edged into the red, so it seems likely that their market is tentative heading into the Fed meeting tonight. Our market yesterday bounced intraday from our all-time resistance level, giving up roughly

Fluence halts Israel operations, posts best quarter performance in Q4 CY23

After zooming out and reviewing the Company’s strategic moves, wastewater solutions company Fluence (ASX: FLC) took a new approach to CY23, highlighting new products and strategic realignments. And the results seem to be returning a major thumbs up. Q4 CY23 marked Fluence’s strongest financial and operational quarter of the year. The quarter saw revenues of

Novatti’s strategic moves pave the way for positive cash flow amidst $4m in cost reductions

Just six months after undertaking a leadership transition to install a leading digital payment executive Mark Healy at the helm of Novatti Group (ASX: NOV), the Melbourne-based fintech has a clear line of sight to positive cash flow having undertaken an internal restructure.  Novatti has strategically positioned itself to achieve its ambitious cash flow positive

New products, new partnerships: EZZ sees sales growth in Q2 FY24

Genomic life science company EZZ Life Science Holdings Limited (ASX: EZZ) has demonstrated strong financial performance in the second quarter of FY24, with a focus on key health challenges and strategic expansions. EZZ closed Q2 FY24 with $13.6 million in cash inflows from customers, marking a 57% increase from the same quarter last year and

Archer Materials primed to deliver on chip tech milestones and manufacturing runs

If you’re somewhat versed in the tech world, you have probably heard terms like semiconductors, quantum computing and bioelectronics, and their potential to change the world. While some companies might suggest that these have a long way to go before they are usable by the layman, Archer Materials is readying to inject them into our

Renewed online focus proves profitable for Mosaic, sees 50% NPAT growth in H1 FY24

Even as discretionary spending takes a hit, fashion retail company Mosaic Brands (ASX: MOZ) has come out strong, ending the first half of FY24 with a 50% increase in its Net Profit After Tax (NPAT) on PCP. As per its recently released unaudited trading update, the Company expects to report an approximate NPAT of $5.9

BlueBet has launched in Louisiana, responds to merger speculations

In a major stride towards its ‘Capital Lite’ US market entry strategy, mobile-first online wagering provider BlueBet Holdings (ASX: BBT) said that its wholly-owned subsidiary, BlueBet Louisiana LLC is now licensed to operate in Louisiana. Under the ClutchBet B2C brand, the subsidiary has already accepted its first wagers, marking Louisiana as the third US state

US shares keep jumping higher, dragging Australian shares with them

The XJO is expected to open higher on open this morning following a renewed rally in the U.S overnight. We should open near 7,630 – right on our key level of resistance and practically at our all-time highs. U.S futures have moved into the red this morning, so it seems unlikely we will have the

HIV, Covid and pregnancy tests drive Atomo revenue growth in Q2 FY24

Aussie medical device company Atomo Diagnostics (ASX: AT1), which provides rapid diagnostic tests, witnessed strong growth in revenue and margins across its business ventures, especially its HIV Self-Test business. Thanks to improved awareness and accessibility, the self-test sold over 130,000 units in Q2 FY24, ending December 2023. The sales were primarily in high-value developed markets

SEEK’s Certsy teams up with Xref to simplify reference checks in hiring processes

Job hunting is a painful process. From the time you send in your application to when you hear back for an interview, provide references and sign the official contract—it could take months. It’s a frustrating process that some employment portals are aiming to simplify and, most importantly, speed up.  Certsy, a SEEK (ASX: SEK)-owned credential

US shares continue to grind along all-time high, Australian shares to start the week higher

Our market has found some optimism lying around over the extended weekend as we are expected to open near 7,600 despite a fairly flat U.S. It seems we are still happy to play catch up, with 7,600 only a stone’s throw away from retesting our all-time high resistance level. U.S futures have edged into the

US-based Devo to incorporate Prophecy’s cybersecurity solution to boost threat detection

In a move to enhance threat detection capabilities, Devo Technology, a US-based security data analytics company, is set to integrate Snare, the cybersecurity solution from business software developer Prophecy International Holdings (ASX: PRO). The collaboration aims to offer accelerated threat detection and response, strengthening the global cybersecurity landscape. With the global cybersecurity market projected to

Respiri and Echo IQ team up to expand into the US with heart disease detection and remote post-consultation care

AI and medical technology firm Echo IQ Limited (ASX: EIQ) has inked a commercial licensing agreement with respiratory health MedTech company Respiri Limited (ASX: RSH) to incorporate Echo IQ’s EchoSolv cardiovascular decision support into Respiri’s remote patient monitoring (RPM) user base. As per the agreement, Respiri will integrate EchoSolv cardiovascular solutions into its U.S. Remote

US shares higher again but reverse most of the gains, XJO to rise

The XJO is expected to edge higher on open this morning following a tumultuous night of trading in the U.S which saw their market give up their intraday day gains to finish flat. Their futures have edged into the green which is likely giving our market the confidence it needs to continue holding ground. Yesterday

Novatti consolidates it’s digital finance portfolio as AUDD closes pre-seed funding round at $600k

Rising interest in blockchain-based digital finance has seen AUDD close its pre-seed funding round at $600k as investors sought to increase their early stage-investment in the business. In the two years since its inception, the AUDD multichain stablecoin has rapidly gained traction in the market, exceeding more than $25 million in payments volume, within just

Harris Technology surges ahead with consecutive cash flow positive quarters as demand for low-cost tech grows

As Australia has grappled with extreme cost-of-living pressures prompted by rising interest rates and inflation, eCommerce company Harris Technology (ASX: HT8) has demonstrated resilience and strategic prowess to deliver consecutive cash flow positive quarters, expanding its low-cost alternative tech products that have proven hugely popular.  For the quarter ended 31 December 2023, Harris Technology reported

US shares eke out another gain, XJO to open slightly higher

The XJO is expected to open higher once again this morning with the U.S showing overnight that they are happy to hold gains after making fresh all-time highs recently. Their futures are flat. Optimism has clearly returned to our market, with three days in a row of decent rallies. With our expected green open once

Harvest Tech gets additional orders from prominent Five-Eyes customer, expects more in 2024

Remote tech provider Harvest Technology Group Limited (ASX: HTG) has confirmed the reception of second and third orders for its Nodestream technology, totalling approximately $380k, from a prominent Five-Eyes defence customer. The Five-Eyes alliance includes Australia, New Zealand, the UK, the US, and Canada. Notably, the entire amount has been received upfront, underlining the confidence

They see me rollin, they lovin: Control Bionics receives $577k grant from the ALS association to develop self-driving wheelchairs

If you thought only cars could be autonomous (hey, Tesla), think again. Medical device company Control Bionics (ASX: CBL) has wheeled the technology into autonomous wheelchairs, ensuring people with Amyotrophic Lateral Sclerosis (ALS)—a motor neuron disease—live a better, “freer” life.  In support of that, the Company’s wholly-owned US subsidiary has secured a research grant of

RocketBoots makes big moves in the UK, locks in four contracts including a Big 4

Customer service software provider for retailers and retail banks, RocketBoots (ASX: ROC) has announced two significant agreements in the UK. The first agreement is with a major retail bank in the UK, part of the prestigious Big 4, while the second is with the Scottish Midland Co-op Society, overseeing around 200 retail grocery stores across

Broncos scores big: Expects up to 80% profit growth following 2023 audit

Just yesterday, Brisbane Broncos’s captain Adam Reynolds left fans holding their breath as he limped off the field, only to be later cleared of any serious injury. However, the real excitement for Broncos enthusiasts lies off the field, as the NRL team reports an uptick in profit and an array of revenue streams that contributed

US shares higher but unable to maintain intra-day peaks, XJO to open flat

The XJO is expected to open flat this morning following a meek rise in the U.S which saw their market give up most of their early session gains into the close. Their futures have edged into the red this morning, and if they remain so during our session, our market will struggle to hold ground

What is Appening? Google terminates contract with Aussie AI without warning

Upon entering January 2024, Google employees likely felt an eerie sense of deja vu as they received emails from their CEO Sundar Pichai, warning them of impending layoffs. Last year, during the same period, Pichai sent out an email informing employees about the “difficult decision” to reduce headcount. Big tech companies have become synonymous with

Hold your horses for Stake.com has chosen Racing and Sports Tech to take racing global

In what can be considered a massive win, horse racing and wagering company Racing and Sports Technology (ASX: RTH) has bagged the support of global online casino and sportsbook Stake.com—whose sponsorship portfolio includes the likes of Canadian singer Drake and the Stake F1 team, UFC, among others. This partnership will aim to establish racing (and,

US markets break into all-time highs

The XJO is expected to open higher this morning following a strong rally in the U.S on Friday which saw their market make fresh all-time highs. Their futures are flat this morning. The rally in the U.S was largely led by big tech, which is not as represented in our market. We are expected to

Spectur records highest revenue month in company history in December, reduced debt while swinging deals

Australian-based developer and manufacturer of security, surveillance, warning, environmental monitoring and AI solutions and platforms Spectur (ASX: SP3) disclosed its financial performance for the second quarter of FY24, highlighting notable achievements, including its best revenue month in history, December. For the quarter ended December 31, 2023, Spectur experienced growth in recurring revenue, constituting 63% of

Michael Hill removes senior management roles, cuts costs following poor 2023 performance

After three years of record results, 2023 finally broke jewellery retailer Michael Hill (ASX: MHJ). Like many Aussies, the Company faced tough retail conditions prompting cost-cutting measures. The fine jewellery brand encountered formidable headwinds due to a bitter cocktail of factors, including the macroeconomic environment impacting consumer sentiment, tough trading conditions, inflated input costs, and

Seasonal trends give IncentiaPay revenue a boost, retain members and appointment of Chief Growth Officer

Prices have risen across the board, leaving little room for discretionary spending. Any help—gift cards, rewards—is appreciated on that front, allowing platforms like entertainment, lifestyle and rewards platform operator IncentiaPay (ASX: INP) to gain a leg up. In Q2 FY24, when seasonal events like Christmas, Black Friday and more prompted consumers to loosen the wallet

Buying to return as continued US strength holds markets higher

The XJO is expected to open higher this morning following a bullish night in the U.S which saw their market return near their all-time highs. Their futures are flat this morning. Yesterday we managed to retake about a third of our opening losses, to settled on the key support at about 7,350. We are set

Novatti payments infrastructure strengthens as expert forecasts Australia to be cashless within years

Australia is accelerating towards becoming a cashless society. The Reserve Bank of Australia (RBA), national banks and financial experts have collectively foreshadowed that the country will be rid of cash in the next couple of years. However, this transition demands the preparedness of a robust digital payments infrastructure which is just one reason investors are

Mad Paws reports second consecutive quarter of cash flow paws-itivity with revenue crossing $7 million

Aussie pet services company Mad Paws (ASX: MPA) spent over $20 million on product development and operations in H1 FY24. As it edges closer to EBITDA breakeven, the Company ditched excessive marketing spending to focus on data-driven strategies and growth across key brands. In Q2 FY24, Mad Paws saw Group Operating Revenues reach $7.6 million,

Raiz a glass as micro investment platform reports 23.2% revenue uptick and edges closer to profit

If you recently spotted an ad for the investment app Raiz (ASX: RZI) on TV, know that it’s all part of the Company’s latest brand awareness campaign and you’ve joined its roster of potential customers.  In December 2023, Raiz launched the ‘Raiz Your Game’ marketing campaign. By early January 2024, as a result of the

Shares continue to move lower as investors start to worry about expected March rate cut

The XJO is expected to open lower again this morning following a pullback in the U.S overnight. Once again, their market managed to retake much of the intraday losses, however our market is looking for any excuse to sell at the moment. It is becoming clear that a short-term countertrend has formed since our peak

Dynamic Group acquires Airwell Flow Testing for $2m as revenue continues to rise

Mining company Dynamic Group (ASX: DDB) has entered into a binding agreement to acquire Airwell Flow Testing which is a division of the French fluids management company, Airwell Group. This strategic move is expected to reinforce Dynamic’s position in the water-well industry and tap into the burgeoning flow testing sector, known for its lower capital

Kinatico’s regtech SaaS pivot proves successful, ups profit to $400k

Workplace compliance—monitoring safety, health and legal aspects of employment—can be demanding and expensive. Unless you’re an AI robot. Then it’s all seamless, mind-numbing work. In a notable shift from its roots as a credential checking business, Australian RegTech company Kinatico Limited (ASX: KYP) has been pivoting to become an all-encompassing provider of simplified daily compliance

XJO to open flat as US worries about the likelihood of a March rate cut

The XJO is expected to open flat this morning following another indecisive night of trading in the U.S which saw their market retake intraday losses to finish mildly in the red. Their futures are flat. Yesterday our market broke support at around 7,450, driven lower by negative U.S futures. We settled on roughly 7,400 key

Former Big Pharma VP takes helm of Syntara Board, accelerates cancer drug development

Clinical-stage biotech company Syntara (ASX: SNT) has stepped into a transformative year with a renewed focus on drug development. Entering 2024, the Company took the “new year, new me” concept seriously, divesting its Pharmaxis mannitol business and rebranding as Syntara with new leadership to include high profile biotech experts that have commercialised drugs for Big

Unhappy with Mighty Kingdom’s progress, Major shareholder Shane Yeend again calls to remove existing board

Time to vote this board out and make history, reads the clarion call of Shane Yeend, a major shareholder of the independent Aussie game developer Mighty Kingdom (ASX: MKL). Yeend is bringing shareholders together to vote out the current board in favour of a “no nonsense board with extensive track records of successful ASX turnarounds”

XJO to fall with US markets closed

The XJO is expected to open lower this morning. The U.S was closed overnight. Yesterday we had basically the same session as Friday. We retook intraday losses to finish mildly in the red as we continued the sidewards march of consolidation. This morning we are expected to retest support around 7,480. With U.S futures remaining

Despite seasonal dip, Coventry reports EBITDA uptick to $9.8m

Specialised industrial products provider Coventry Group (ASX: CYG) has announced notable financial results for the first half of FY24. Its group sales reached $185.3 million, reflecting a substantial 5.4% increase from the prior year. Unaudited EBITDA also demonstrated significant growth, rising by 18.1% to $9.8 million. These results are aligned with last month’s forecasted figures—H1

TZ smart lockers reports more positive cash flow in Q2 as it guns for profitability in FY24

Smart lockers company TZ Limited (ASX: TZL), serving clients like Apple, JLL, adidas, NSW Health and more, has reported a positive net cash inflow from operating activities, totaling $775,000 in Q2 FY24. Key components of the operating cash flows included receipts of $5 million, coming to $8.8 million year to date. It also reported payments

Biome probiotics bound for United Kingdom and Ireland, upgrades revenue guidance

Unveiling a string of good news to begin 2024, microbiome health company Biome (ASX: BIO) has announced the launch of its Activated Probiotics in major European health retail outlets starting January 2024. Key distributors are CLF in the UK and iiHealthfoods in Ireland, with funding for the expansion coming from Biome’s current working capital. What’s

US shares test resistance, XJO to open flat

The XJO is expected to edge higher on open this morning following another indecisive night of trading in the U.S which saw their market continue to flirt with resistance and close fairly flat. We should open near 7,500, in step with the sideward consolidation we have seen for all of last week. U.S futures are

Black Friday and Cyber Monday boost Spacetalk subscriber growth, improve revenue forecast for H1 2024

Besides coveted cosmetics, shoes and tech, safety was a major item on the Black Friday bucket list for parents. Just in time for the new school year, parents put Spacetalk’s Telstra-enabled Mobile plan on their list for affordable data and network connection. During the second quarter of FY24, software services and smartwatch company Spacetalk Mobile

Stronger than expected US CPI reading triggers whippy session for shares

The XJO is expected to open mildly lower this morning following a tumultuous night of trading in the U.S which saw their market retake earlier session losses to finish slightly in the red. Their futures are also slightly in the red. U.S CPI came out this morning. The reaction was rather mixed, with the general

Compumedics sees 74% sales growth driven by sales in China

Medical device company Compumedics (ASX: CMP) has reported an impressive surge in sales, projecting a revenue of $26 million for H1 FY24. This marks a major 35% increase compared to H1 FY23. The performance is attributed to key factors including the Company’s second MEG sale to Tianjin Normal University (TJNU) in China and successful initial

Frugl to acquire Trienpont to integrate machine learning and AI into projects

Australia’s ongoing cost of living crisis is no secret. People now read the price tag thrice to determine if the item deserves a spot in their cart. They are cost comparing and cutting, making sure to find the best deals. Retail intelligence ecosystem Frugl (ASX: FGL) had set up a grocery app to make this

UNITH unveils new customer panel during soft launch of Digital Human platform as a self-service offering

While the market may have taken a break over the Christmas and New Year period, artificial intelligence company UNITH (ASX: UNT) quietly launched its self-service platform – a development that will be instrumental in rapidly signing up users who will be able to generate their own digital human, working for them 24/7. The soft launch

Shares to drift higher despite weakness in iron ore

The XJO is expected to edge higher on open this morning following a move higher in the U.S overnight. Their futures are flat. Our market is clearly tentative heading into the U.S CPI reading. Their market has returned back to all-time high territory and flirted with the key level of resistance last night. However our

TGA gives green light to Emyria’s psychiatrists for MDMA therapy for PTSD

Mental health treatment provider Emyria (ASX: EMD) has announced that its psychiatry specialist has been granted “Authorised Prescriber” status by the Therapeutic Goods Administration (TGA).  The authorisation enables the prescribing of MDMA according to an ethics committee endorsed care model developed by Emyria and within the strict regulatory framework established by the TGA for the

Vape imports banned, Vitura introduces nicotine vaping products to tap new market

In a bid to crack down on excessive vaping among the Aussie youth, the Australian government decided to nip the problem in the bud. From January 1, 2024, the Therapeutic Goods Administration (TGA) declared that disposable vapes can’t be imported to Australia, regardless of nicotine or therapeutic claims. Plus, come March 1, 2024, importing all

Shares see a small pullback ahead of CPI readings

The XJO is expected to edge lower on open this morning. This follows a U.S session which saw their market retake earlier session losses to finish marginally lower. Their futures have also edged into the red. Our market didn’t not rally as much as we would have hoped yesterday, despite the strong leads from the

Conflict, tensions, and the end of aggressive hiking | Monthly Market Wrap

US markets: US markets were stronger in the month, with the Dow Jones up +4.8% and S&P500 up +4.4%, as Fed held interest rates steady at 5.25-5.5% for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting 75bps of cuts in 2024 as the officials downgraded both

Jatcorp appoints Sunny Jianxin Liang as new CEO, unveils strategic growth initiatives

Aussie dairy products company Jatcorp (ASX: JAT) is having a particularly productive start to the year with its Board of Directors appointing Sunny Jianxin Liang as the new Chief Executive Officer (CEO) of the company. Liang, a seasoned senior business leader with over 13 years of experience in the export industry, particularly in infant formula,

Nova Eye Medical reports surge in USA sales despite Medicare reimbursement uncertainty

Aussie MedTech company Nova Eye Medical (ASX: EYE) has kicked off the new year with good news for investors, recording an impressive $7.6 million in sales in the US for its glaucoma surgical devices during the six months concluding on December 31, 2023 (unaudited).  This represents a remarkable 65% growth compared to the previous corresponding

US shares show unbelievable strength as bond yields and inflation expectations fall

The XJO is expected to open higher this morning following renewed buying in the U.S overnight, which saw them return to being within arms reach of their all-time highs. Their futures are flat. Our market yesterday broke lower, perhaps anticipating a continued fall in the U.S. We are on the tail end of the holiday

Syntara prepares for new clinical trials led by Professor Fiona Wood to restore elasticity into burn scars

Beyond the searing pain of burns, permanent scarring of the skin has a devastating lifelong impact on quality of life. Imagine reaching up for the top shelf and having a sharp pain surge down your arm and back. Unfortunately this is the reality for millions of burn victims where skin does not heal with the

Wide Open Agriculture charts new plan for 2024 following lengthy ASX suspension

“I have more gray hair in my beard – and less overall hair of any color –  after a year like we’ve just had,” Wide Open Agriculture (ASX: WOA) CEO Jay Albany remarked, reflecting on the Company’s 2023—the year in which it was suspended from the ASX for six months. Besides reeling under the impact

Algorae teams up with HL Pharma to supply cannaboids for research projects

Aussie pharma development company Algorae Pharmaceuticals (ASX: 1AI) has partnered with HL Pharma, an Australian company registered with the Victorian Department of Health, for the sourcing, supply, and distribution of various cannabinoid compounds for research purposes. The collaboration is governed by a comprehensive three-year agreement, adhering to Good Distribution Practice (GDP). Under the terms, HL

Strong US jobs report leads to questions around expected rate cut timetable

The XJO is expected to open flat this morning, following another night of indecisive trading in the U.S on Friday. Their futures have edged into the red. Ultimately it seems markets are consolidating as they grind along their key supports. For the U.S, that level is roughly 4,700. For the us, that level is roughly

Industry mail says interest rate cuts will be the flavour of 2024 with ASX to resume bullish momentum

Our XJO is expected to rise around 20 points this morning to roughly 7,515 index points. This is despite a fourth night of selling in US markets, which has occurred with bond yields bouncing back up, and with investors reducing bets on the pace and number of rate cuts expected this year. The XJO futures

Gamers in turmoil as China announce new regulations on spending limits and rewards, ASX to dip

Futures are pointing to a fall of around 1 percent this morning (77 points) to roughly 7,550 index points. This comes after reasonable selling in US markets overnight, though most of the selling was confined to the technology stocks after a rebound in bond yields. Markets have jumped strongly higher recently on the back of

Geopolitical tensions flow through Red Sea and Taiwan Strait, prompting an ASX pullback

Our XJO is expected to open around 22 points lower this morning, at roughly 7,560 index points. This follows moderate falls from the US on Friday. Overall optimism remains around the potential for interest rate cuts this year. However, potential negative factors are also starting to build-up. These include recent natural disasters, including a massive

Markets kick off 2024 flat as policy makers flag year of consolidation amid lending pullback

The XJO is expected to edge lower on open this morning following a flat night of trading in the US. Their futures are also flat. Our expected pullback this morning is likely chalked up to a handful of factors. Firstly, like the US, we are holding the key resistance that represents our all-time highs (which

ASX to edge lower, Japan prepares for first interest rate rise since 2007

The XJO is expected to edge lower on open this morning following a flat night of trading in the U.S. Their futures are also flat. Our expected pullback this morning is likely chalked up to a handful of factors. Firstly, like the U.S, we are holding the key resistance that represents our all-time highs (which

Profits from Chinese industrials soar with global markets following suit

Our XJO is expected to open around 30 points higher this morning, just below the key 7,600 level. This level is a fraction off the all-time high for our market, and it looks like we could record a new high in the coming days. As economic data, traders, and market volumes return in the new

ASX continues Christmas rally with US housing data revealing ninth straight month of growth

The XJO is expected to open modestly higher this morning, with US markets trading higher again on light volumes overnight. Our market has drifted lower for the past two sessions, though movements have been small. With US markets drifting higher in that time, it is possible we see a little buying today. There isn’t much

Season’s Greetings from the Team at The Sentiment!

Seasons Greetings from the Team at The Sentiment! We’ll now be taking some time off to enjoy with our families but below are a few of the most popular stories of 2023 and look forward to returning in the New Year. ASX News Scarless healing one step closer as Fiona Wood-led clinical trials demonstrate collagen

Reviewing the Share Markets in 2023

The Australian share market remains in a trading range of 6,500 to 7,500 since 2021 as shown in Figure 1.  Over these past three years, there have been market rallies and there have been sell-offs of equal proportions, keeping the market range-bound.  As of the writing of this letter on 21 December, the Australian share

PharmAust invited by FightMND to submit a funding request for up to $1.8m

Biotech company PharmAust (ASX: PAA) has been invited by not-for-profit organisation FightMND to submit a comprehensive grant application which could grant up to $1.8 million to fund Phase 2 and 3 clinical trials in an effort to find a treatment for Motor Neurone Disease (MND) Earlier this month, PharmAust submitted a Letter of Intent to

Shares rebound, retracing some of the prior sessions’ losses

The XJO is expected to edge higher on open this morning following a small turn around in the U.S last night which saw their market retake much of the previous session’s losses. Their futures are flat. Yesterday we didn’t fall has as much as what our futures were posting this time yesterday morning. Indeed, by

Earlypay secures $220m funding for invoice and trade finance facility with major Aus bank

Picking itself up after a year of losses, financial services company Earlypay Limited (ASX: EPY) has secured a new invoice and trade finance warehouse facility with an initial senior funding commitment limit of $220 million. The financial settlement of the facility is set to take place in January 2024. In addition to this milestone, Earlypay

Vinyl gets bragging rights with Rolling Stone and Variety Australia publisher The Brag Media’s acquisition

It’s a new name, new game energy, as music company Vinyl (ASX: VNL)—formerly Jaxsta—acquires entertainment giant The Brag Media, the Australian publisher of Variety magazine and Rolling Stone AU/NZ. Vinyl will fully acquire the publisher, including its premium network of mastheads and events funded by a new investment by WiseTech Global (ASX: WTC) Founder and

Profit taking and a pullback

The XJO is expected to open lower this morning following a strong pullback in the U.S overnight. Their futures are flat. The inevitable pullback happened last night in no uncertain terms. It is hard to suggest this is the result of anything serious or a genuine change in trend, but rather some well overdue profit

Proteomics signs deal with Omics Global Solutions to provide Chile with early diabetic kidney disease detection

In Chile, one in eight adults have diabetes. The number of people with the condition there has risen almost 50% in the past ten years. By 2030, the healthcare spending on diabetes in Chile is set to surpass $4 billion. Chile’s healthcare needs demand companies like medical tech company Proteomics (ASX: PIQ) that emphasise early

Kathmandu sales fall by 21.6% as Aussie summer kicks off and consumer sentiment dwindles

The first four months of FY24 have not been kind on clothing retailer KMD Brands (ASX: KMD), the Group behind the ubiquitous winterwear retailer Kathmandu (spotting Kathmandu jackets during Aussie winters could very well be a drinking game). However, with winters having passed, KMD has reported a 12.5% decline in group sales compared to the

All-time highs?

The XJO is expected to open higher this morning following another night of gains in the U.S. Their futures are flat. Yesterday we managed to break through key resistance at roughly 7,450 and today we look set to test the next key level at roughly 7,550. The strength underpinning markets is almost dizzying and it

Institutional investors back Syntara with $10 million to increase stakes in hot M&A space

In a significant move signalling strong confidence in Syntara (ASX: SNT) and their drugs in development, institutional investors have subscribed for $10 million of shares, driven by the immediate commercial prospects of their leading drug SNT-5505. The funds will also support an emerging pipeline of drugs addressing Parkinson’s disease and skin scar trials. The $10m

Monash IVF to acquire 80% of Perth fertility clinic for $12m in expansion bid

Fertility specialists Monash IVF (ASX: MVF) appears to have found fertile ground for growth, as it locks in the acquisition of Perth-based IVF and fertility clinic Fertility North. Fertility North services Perth’s northern suburbs, helping MVF attract new clientele. Monash IVF will acquire 80% of Fertility North through an initial upfront cash payment estimated at

First time in 25 years, Tissue Repair set to introduce drug for Venous Leg Ulcers, wins US patent for compound

The US Patent and Trademark Office (USPTO) has recently approved the third patent application submitted by the biotech company Tissue Repair (ASX: TRP), which focuses on developing wound-healing agents. This patent—titled “BIOLOGICAL POLYSACCHARIDE COMPOUND” ]—includes claims that extend to the Glucoprime® compound and its molecule, allowing for various applications.  Glucoprime and its derivatives serve as

G8 Education issues 69% profit growth guidance, driven by managing educator wages

With the largest workforce of early childhood educators in the country, G8 Education (ASX: GEM) has long struggled to manage their wage bill while delivering maximum profit for shareholders. That looks to have changed in 2023 though, with the Company divesting unprofitable centres and streamlining their workforce, in lieu of occupancy growth.  The Company announced

Grind higher continues

The XJO is expected to edge higher on open this morning following renewed buying in the U.S overnight. Their futures are flat. Yesterday we managed to crawl back most our opening losses to finish marginally flat. We were likely driven by positive U.S futures that moved higher through our session, heralding the renewed buying we

After TGA and Chairman fiasco, Rhythm Biosciences concedes no commercial sales are possible for its bowel cancer kits

Medical diagnostics company Rhythm Biosciences (ASX: RHY) has undertaken a comprehensive strategic review following major shareholder discontent and a subsequent S249D notice requesting a vote to remove the Chairman. In October, the Company faced regulatory scrutiny as its stock value plunged from 32¢ to 20¢, triggering an ASX “speeding ticket”. Later, the stock was trading

Black Friday gives Bedshed a much-needed boost after prior lull, acquires new stores

Kitchen, wardrobe and other household products supplier Joyce Corporation (ASX: JYC) has announced the expansion of its bedding subsidiary, Bedshed, with the acquisition of two prime locations in suburban Sydney. The franchise agreements, finalised with two franchisees, will see Bedshed taking control of stores in Alexandria and Castle Hill. The move is part of Bedshed’s

Australian market to pull back after recent stellar run

The XJO is expected to open lower this morning following a small pullback in the U.S on Friday. Their futures are flat this morning. The U.S is starting to show a slowdown or consolidation after it dog-legged higher recently to be within arms reach of their all-time highs. Our market, which had finally decided to

Have interest rates peaked? MyState Bank forewarns a reduction in lending growth

For the past 12 months, MyState Bank (ASX: MYS) has been hot in the lending market as Australians seeking to refinance their mortgages to the lowest available rate have regularly landed at MyState which has consistently been more competitive than the Big Four banks. But with all of those new loans written, the Tasmanian-based MyState

Novatti’s AUDD stablecoin passes $4 million minted milestone, attracts new fintech investors

As blockchain technology continues to disrupt traditional financial institutions, digital payments company Novatti Group (ASX: NOV) has secured a range of new investors keen for a slice of their AUDD stablecoin business which has minted more than $4 million since launching.  AUDD is a 1:1 fiat-backed stablecoin that enables businesses, people and governments to make

Wrkr pilots its employer services solution trial with Rest Super

Rest, one of Australia’s premier profit-to-member superannuation funds and a key ally of Link, has entered into a trial partnership with workplace compliance solutions provider Wrkr (ASX: WRK). The collaboration aims to test various innovative solutions that could reshape the landscape of superannuation administration. Rest manages about $75 billion in funds with nearly two million

IPO Watch: The Australian Wealth Advisory Group set for ASX entrance

Despite the challenges of COVID-19, Australia’s wealth management market saw a 3% rise, reaching $1.2 trillion in assets (excluding superannuation). Thanks to a resilient stock market, rising asset values, and increased savings, the future looks promising especially over the next five years, according to research by management consulting firm Oliver Wyman. Finance professionals are often

All time highs in sights?

The XJO is expected to rally once again on open this morning following an indecisive night in the U.S. Their futures have edged into the red. Our expected open is near key resistance at roughly 7,450 which we seem likely we test today. Our strength despite the U.S, is likely us simply playing catchup since

Argenica completes production of brain stroke drug, prepares for Phase 2 trial

Biotech company Argenica Therapeutics Limited (ASX: AGN), which is developing novel therapeutics to reduce brain tissue death after stroke, has completed the production of its neuroprotective peptide candidate ARG-007 in powder form. The Company is gearing up for its Phase 2 clinical trials, and the final manufacturing of the sterile drug product in vials is

Are New York’s finest now New York’s most autonomous? Ask Nightingale Intelligent Systems

The largest police department in the United States is set to unveil a squadron of drones that will act as first responders to scenes across the city, powered by artificial intelligence and supplied by drone company Nightingale Intelligent Systems (ASX: NGL). The 3-year supply contract is with the unnamed Police Department but a simple Google

Smart ways to survive: PlaySide inks deal with Warner Bros subsidiary for multi-game license

Video game developer PlaySide Studios (ASX: PLY), the studio behind popular games like “Dumb Ways to Die” and “Age of Darkness: Final Stand”, has signed a multi-game license deal with Warner Bros. Interactive Entertainment, a subsidiary of Warner Bros. Discovery, Inc. The agreement grants PlaySide access to a well-known intellectual property, allowing the development of

Fed sees three rate cuts in 2024

The XJO is expected to open higher this morning following a strong rally in the U.S overnight. Their futures are flat this morning. The U.S has obviously interpreted the news surrounding next year’s guidance on monetary policy extraordinary well and their positivity should directly flow into our market. We should open near 7,350 resistance, but

Syntara doses first blood cancer patient for combination treatment of SNT-5505 and ruxolitinib

Clinical stage drug development company Syntara (ASX:SNT) is set to get a big boost in exposure within the blood cancer industry as it forges ahead with dosing patients in its Phase 2 clinical trial of SNT-5505 in combination with approved drug ruxolitinib. SNT-5505, a pan-LOX inhibitor designed to target myelofibrosis, a bone marrow cancer where

Baker Hughes commits to substantial investment in SRJ’s BoltEx flange clamps following product training session

Following a product training session conducted by asset integrity management solution SRJ Technologies (ASX: SRJ) with Baker Hughes’ global engineering team, the latter has announced a commitment to procure SRJ’s BoltEx® flange clamps. SRJ, a specialised provider of engineering services and containment management solutions, disclosed that Baker Hughes’ initial order amounted to an impressive $231,000.

Wallis Lake has finally reopened for business, and East 33 is shuckin’ thrilled

The farming industry tests many of your abilities beyond the act of farming itself—there’s marketing, distribution, and even disease management. Between September 26 and 30, 2023, the Sydney Rock Oyster producer and supplier East 33’s (ASX: E33) Wallis Lake operations were plagued (literally and fiscally) with ill oysters. Consequently, the Wallis Lake operations, along with

Shares rise despite mixed US CPI

The XJO is expected to open flat this morning despite a continued rally in the U.S overnight. Their futures have also edged into the green. Yesterday we managed to price in their gains despite a meek open, so it could be reasonable to expect the same today. However, we may simply track sidewards or even

Market at a pivot point as inflation surge likely to return in March | Economic update

Investing is very difficult around key pivot points. If it were easy everyone would be getting double returns consistently. After a short lull in the economy over the past 6 months, we expect that some time in the March quarter we will begin to see inflation, or at least the factors that will lead to

Titomic and Stärke team up to provide manufacturing solutions to defence, aerospace and other industries

Manufacturing tech company Titomic (ASX: TTT) has entered into a strategic partnership with Stärke Advanced Manufacturing Group, a global player in advanced manufacturing based in South Australia, to cater to clients in high-performance sectors. The collaboration aims to leverage the advanced manufacturing capabilities of both companies, combining Titomic’s technological skillset with Stärke’s industry connections and

Cycliq’s Black Friday campaign proves successful, rakes in $1.2 million in November

Bike cameras and accessories company Cycliq (ASX: CYQ) won big in November as a result of its Black Friday ad campaigns, offering 30% off storewide. The Company reported earning $1.2 million in Gross Revenue. At the same time, it saw successful sales of the Cycliq Fly 12 Sport safety camera. This year’s Black Friday campaigns

Archer Materials expands Biochip development with a semiconductor foundry in Spain

Working closer towards commercialising its cutting-edge graphene Biochip, semiconductor company Archer Materials (ASX: AXE) has dispatched its latest chip design iteration to a certified foundry in Spain for fabrication through a whole wafer manufacturing run. This move is part of Archer’s ongoing commitment to pushing the boundaries in both quantum computing and medical diagnostics while

Slow grind higher ahead of US CPI, Fed meeting

The XJO is expected to open higher this morning following a continued rally in the U.S overnight and their positive futures this morning. Yesterday our cowardly market was unable to hold onto the opening gains, finishing only marginally higher. It was good to see that we tried to push through 7,200, and this morning we

Whitehawk expands $1.8m cyber risk contract with global social media company

Big techs have been spending billions on cybersecurity, ramping up investments in 2021 when cyber crimes picked up pace. Growing cybercrime has not only weighed heavily on companies’ wallets but has also reduced users’ trust, especially when it comes to social media apps where people hold some of their most private information.  In line with

New leadership at Schrole delivers highest monthly sales reaching $1.2 million

After implementing some strategic and leadership changes, human resources Software-as-a-Service (SaaS) provider Schrole Group (ASX: SCL) saw increased sales in November 2023 in its software and training divisions and ongoing improvement in software renewal rates.  As per the Company, this marks its highest November sales, totaling $1.2 million, reflecting a 17% increase compared to the

ASX to inch higher as US jobs market strengthens and RBA downplays mortgage stress

The XJO is expected to inch higher, following a US lead with Wall Street returning to its strongest levels since March 2022 thanks to an improving job market which exceeded forecasts. These expected gains follow RBA commentary last week that outlined how financial stress is unlikely to impact stability as majority of borrowers remain able

Spacetalk enters New Zealand retail market with child smartwatches that limit browsing access to illicit content

Parents in New Zealand will soon be able to get their hands on cutting-edge technology designed for child safety with tech company Spacetalk (ASX: SPA) signing a partnership agreement with New Zealand-based retailer, The Warehouse Group NZ, to have their smartwatch products sold in 145 stores.  The Adventurer 2 and Spacetalk Loop smartwatches are designed

Just can’t debt enough: Pioneer acquires debt portfolio from Panthera for $24.1 million

When debt goes unpaid for too long, even banks and major financial institutions need to get some help on board. That’s when financial services like Pioneer (ASX: PNC) come to the fore, promising to recover that debt while keeping customers’ financial needs in mind.  Australian debt recovery specialist Pioneer has acquired a Debt Portfolio from

Australian shares facing slightly lower open despite continued US strength

The XJO is expected to edge lower on open this morning despite a small rise from the U.S overnight. Our meek open may be put down to a few reasons. Firstly, U.S futures have edged into the red. Secondly, we managed to hold our gains yesterday despite a pullback in the U.S the night before,

Imagion Biosystems’ cancer tumour detection tech produces early positive results

In 2023, cancer is responsible for about three in 10 deaths across Australia. And among women, breast cancer remains the most commonly diagnosed. Over two million women worldwide are diagnosed with breast cancer annually, and approximately 20% of them are diagnosed with HER2+ (human epidermal growth factor receptor 2) breast cancer. The growing ageing population

Wisr fourth ABS transaction to free up cost of funding, signals investor confidence following both Nantes departures

After ousting Anthony Nantes as CEO in August 2023 (and subsequently seeing John Nantes depart as Chairman), consumer lending company Wisr (ASX: WZR) has been on a cost management journey, trying to regain shareholders’ faith.  In the face of its declining loan book balance and revenue, the Company has established the pricing for its fourth

Little Green Pharma to target growing medicinal cannabis market thanks to legal changes

A healthcare policy change passed in France is likely to see the country quickly targeted by medicinal cannabis companies with Little Green Pharma (ASX: LGP) quick to confirm their plans to increase product distribution to the country thanks to newly favourable healthcare legislation.  The recent amendment to the Projet de loi de financement de la

US markets fail at resistance, XJO to open lower

The XJO is expected to open lower this morning after a tumultuous night of trading in the U.S overnight. Their futures have edged into the green. Our market isn’t likely to be inspired today as the U.S quite clearly rebounded intraday from both their key resistance and yearly highs overnight to finish marginally in the

Dovish Fed comments and weak economic data provide a boost to markets | Monthly Wrap

Global Markets Update US markets: US markets were stronger, with the Dow Jones up +8.8% and S&P500 up +8.9%, as dovish comments from several Fed officials following weak economic data saw swaps pricing in a 50% chance of a U.S. rate cut in March with the effective fed funds rate to fall to about 4.06%

IOUpay reports $36m in losses amid legal battles against former Board for alleged misappropriation of funds

Haven’t heard of the company IOUPay (ASX: IOU) in a while? You’re probably not alone because their shares have been suspended from trading since March 2023 while the new Board of Directors attempt to unravel the utter mess left to them from the previous Board, and it’s cost them $36 million according to the FY23

AVA Risk secures critical surveillance contract with Sydney Trains for train yards security

In a strategic move to fortify the security infrastructure of Sydney Trains, Ava Risk Group (ASX: AVA) has inked a five-year support agreement to enhance the safety of vital transportation assets with intrusion detection technology.  The contract is valued at approximately $500k and is an extension of the existing contract Ava has had in place

Bond yields continue to fall as markets convinced on peak rates

The XJO is expected to open higher this morning following a small rebound in the U.S overnight as they continue to track sidewards at the top of the range. Their futures have edged into the red however. Yesterday was a dismal showing for our market as we fled back to the safety of roughly 7,050.

UNITH delivers eSocial Worker for public health services across 14 countries

Access to high quality medical advice 24/7 will soon be launched in 14 European countries by the Alliance for Public Health (APH) which has delivered its digital human social worker from artificial intelligence company UNITH (ASX: UNT), specialists in AI solutions.  The eSocial Worker, is the AI solution sought by APH which issued a public

Cyclopharm makes US entry with Duke University Hospital the first contract for Technegas

After gaining US FDA approval in September 2023, nuclear medicine company Cyclopharm (ASX: CYC) has made an official entry into the country with the signing of its inaugural commercial contract for Technegas in the United States with Duke University Hospital the first institution to enter into a formal agreement to use Technegas. Technegas, an imaging

Australian shares to pull back after US selling, RBA to come

The XJO is expected to open lower this morning following a pullback in the U.S overnight as they settled back into their consolidation range. Their move last Friday was a false break higher and our market feels uncomfortable holding yesterday’s gains in the wake of their return to indecision. Their futures are also flat giving

Immuron enrols first patients into Phase 2 trials for treatment to combat infectious diarrhea

Infectious diarrhea could soon be not so infectious with confirmation from biotech company Immuron (ASX: IMC) that the first patients have enrolled for their Phase 2 clinical trial seeking to address issues that arise from unpleasant episodes.  The trial is a response to the persistent challenge of infectious diarrhea among travellers and military personnel deployed

Are we in the eye of the inflation storm? | Economic update

During November the market consensus shifted towards the FOMC and ECB remaining on hold throughout 2024. This reflects a forecast that inflation will continue to deflate while unemployment remains low, and the economy keeps growing but at a slow pace. This is the “Goldilocks” scenario. The alternative view is that inflation will begin to rise

Fragrances to treat allergies? Microba and IFF enter stage two of novel treatments

Precision microbiome company Microba (ASX: MAP) and the US-based F&B company International Flavors & Fragrances (IFF) have entered the second phase of their joint research initiative, aiming to develop novel microbiome-based treatments for various allergies. The collaboration, a strategic move within the bioscience and health sectors, signals a step forward in addressing the need for

RAS Technology dives deeper into European wagering with Playbook Engineering partnership

Quickly becoming the go-to supplier of critical data within the global wagering industry, RAS Technology (ASX: RTH) has been engaged by Playbook Engineering, a leading UK-based platform provider, for wagering technology, racing data, and editorial content for Playbook’s diverse portfolio of sportsbook brands. The 3-year contract is expected to be valued at $800k per annum

BluGlass signs $2.6 million contract with North Carolina State Uni to develop lasers

After becoming a member of the US CLAWS hub in October 2023, semiconductor developer BluGlass (ASX: BLG) has signed its first contract: a $2.6 million (US$1.775m) contract with North Carolina State University (NCSU) to develop lasers in FY24.  As part of its contract for FY24, BluGlass is working on single-frequency DFB (Distributed-feedback) lasers and progressing

Markets continue to push higher as Powell signals peak rates

The XJO is expected to open higher this morning following a strong night in the U.S on Friday. Their futures have also edged into the green. Over the past few sessions our market has been meekly rising, with Thursday’s strong day breaking the flag pattern (signalled by the break of the short-term descending channel). We

Amid debt dispute, Electro Optic Systems reports revenue guidance of $210 to $230 million

In the midst of a debt dispute with a major lender, Australian security technology company Electro Optic Systems (ASX: EOS), which operates in the defence and space sectors, has announced a robust revenue projection for the calendar year 2023. The Company anticipates its revenue to range between $210 million and $230 million for CY23. This

Use your mobile to check for arrhythmia as Advanced Health Intelligence launches AF-Scan

HealthTech company Advanced Health Intelligence (ASX: AHI) is set to launch a medically-approved mobile phone-based atrial fibrillation (AF) assessment in Q2 CY24 in collaboration with Belgium-based Qompium NV, a company specialising in mobile scanning tech.  Globally, there are about 60 million cases of atrial fibrillation (AF), which is a form of arrhythmia involving irregular heartbeat.

The Calmer Co reports monthly record of eCommerce kava sales thanks to Black Friday

Derived from the roots of the Piper methysticum plant native to the Pacific Islands, Kava has gained popularity for its potential health benefits as evidenced by The Calmer Co (ASX: CCO), which reported $110,000 in sales through the month of November for it’s eCommerce channels. These sales primarily came from The Calmer Co’s online Shopify

US markets see late drive higher, XJO to open flat

The XJO is expected to open flat this morning following a continued move sideward from the U.S overnight. Their market finished marginally higher, and their futures are flat this morning. Yesterday we had a moment of uncharacteristic clarity as we extended the previous sessions’ gains with a strong move higher. The cause for the vigour

Little Green Pharma has big news: a new CEO and 37% revenue growth

Over the years, the Australian cannabis market has consistently posted revenue growth and is expected to be valued at $1.1 billion by 2028. Both Aussies and Europeans are big consumers of cannabis, making them attractive markets for medical cannabis companies like Little Green Pharma (ASX: LGP).  Little Green Pharma posted a 37% revenue spike to

The BESS-T bet: GenusPlus and Samsung joint venture awarded $200m to build energy solution

National power and communications infrastructure provider GenusPlus (ASX: GNP) has secured three contracts in collaboration with Samsung C&T Corporation. These contracts with the Melbourne Renewable Energy Hub (MREH) include the engineering, procurement, construction, and commissioning of the Balance of Plant scope (i.e. the supporting components of a power plant), as well as the installation of

Markets flatten out as they await the next move

The XJO is expected to edge higher on open this morning despite a small pullback in the U.S overnight. Their futures this morning are pointing higher, likely giving our market some confidence to extend the past couple of sessions’ meek gains. We continue to trade in the short descending channel that could be part of

Lights, camera, caught: Transport NSW extends Acusensus contract for mobile phone detection cameras

Hands-free or not, if you’ve been using your smartphone while driving, you’re putting your life in danger. Studies have found that drivers glued to their phones are ten times more likely to crash. Besides that, in NSW, you can be fined anywhere between $387 and $514 (if in a school zone) for using your phone

EROAD sees loss worsen, joins hands with Microsoft for generative AI product for fleets

Implementing a strategy upgrade after two fiscal years of negative free cash flow, fleet management company EROAD (ASX: ERD) is joining the artificial intelligence bandwagon. As of the first half of FY24, i.e. six months ending September 30, 2023, the Company has partnered with tech giant Microsoft to develop a Generative AI product aimed at

XJO to grind higher after continued US strength

The XJO is expected edge higher on open this morning following another lacklustre night in the U.S which saw their market finish marginally higher. Their futures are also flat as the they continue to track sideward near their all-time highs. We managed to retake some losses yesterday, but gave up roughly half our intraday gains

The Bank of Japan doesn’t remember how inflation works | Economic update

Last week was a big one for the history of Japanese monetary policy. If you did not notice this, you are forgiven. Getting any news on Japan – one of our largest trading partners – in Australia is apparently beyond the average attention span of any Australian journalist, so if you are expecting something about

NAB and Plenti team up to launch car and EV loan in 2024

FinTech lender Plenti Group (ASX: PLT) and National Australia Bank (NAB) have teamed up to launch a “NAB powered by Plenti” car and electric vehicle (EV) loan, thus making Plenti renewable energy finance available to NAB customers. With 38% of Aussies now considering sustainability actively in their purchase decisions, loans like these are well-timed, helping

BikeExchange AI platform wins big during Black Friday in Germany

Online bike marketplace BikeExchange (ASX: BEX) has successfully launched its AI Consumer Marketplace Platform in Germany, achieving a record-breaking Black Friday with €322k (A$534k) in sales—20% higher than the previous year.  The platform, set to expand to six more key markets, improves customer experience, simplifying the bike hunting and buying process. The platform’s uptake is

InteliCare forges strategic partnership with Bolton Clarke to digitise aged care with AI technology

Seeking to reshape the landscape of aged care in Australia, tech company InteliCare (ASX: ICR), an Australian software company specialising in AI-driven solutions for the aged, disability, and healthcare sectors, has entered into a non-binding Memorandum of Understanding (MoU) with Bolton Clarke, the country’s largest independent not-for-profit aged care provider. The strategic partnership signals a

Flat open expected after yesterday’s selling, retail sales to come

The XJO is expected to open flat this morning following another lacklustre night of trading in the U.S which saw their market finish marginally lower. Their futures are also flat. Yesterday we pulled back, helped largely by negative U.S futures that heralded a stronger pullback than what was actually produced last night. We may feel

Harris Technology gears up for Christmas as consumer electronics and household tipped to be among most popular purchases

For retailers, Christmas is a time to significantly boost sales amidst customers hunting for bargains for gift-giving. Monash Business School Research is forecasting a specific surge in online spending for consumer electronics.  How Aussies spend money this Christmas may vary due to the rising cost of living, but whether it’s the holiday “ritual” or the

Feeling un-adored: Adore Beauty rejects acquisition proposal which undervalued Company

The thing about most trends is that they are fleeting: ripped jeans, polka-dotted shirts and such. COVID-19 gave birth to many more: Dalgona coffee, TikTok dances, inflation and the consequential e-commerce boom and bust. Since mid-2022, Australia has seen e-commerce sales decline due to inflation; however, that hasn’t compelled online retailers like Adore Beauty (ASX:

EMVision names brain scanner device emu to signal future-first approach

The Australian bird Emu is known for many things—for instance, it’s not a commitment kind of bird, with its relationships typically lasting for only about five months. Even so, Emus set a great example for couples in post-pregnancy, as the male and female Emus share the load after an egg is hatched, with the male

Another small drift higher expected on open

The XJO is expected to edge higher on open this morning, continuing the tight consolidation as we wait for further leads from the U.S who seem to be stalling near their all-time highs. Certainly, the U.S looks ready for a spat of profit taking, with of course the real possibility of new highs being set

Global dairy giant FrieslandCampina places $2 million order for pallets with Range International

At a time when multinational companies are reviewing their supply chains in search of greener solutions that contribute to their sustainability targets, dairy products giant FrieslandCampina subsidiary, P.T. Frisian Flag Indonesia, has partnered with the Indonesian subsidiary of Range International (ASX: RAN) for $2 million of pallets made entirely from recovered plastics. Frisian Flag has

Sparc Technologies completes prototype testing for its water-splitting tech, kicks off pre-FEED study

Renewable energy might soon gain a new player, with graphene tech company Sparc Technologies (ASX: SPN) wrapping up prototype testing for its solar reactor, Sparc Hydrogen. The product can split water using sunlight and a photocatalyst, saving time, cost and energy.   Sparc Hydrogen is a joint venture between the University of Adelaide (28%), Fortescue (20%)

Adairs counting on upcoming Black Friday weekend to boost declining sales

The rising cost of living has come for all our throats—furniture and manchester store Adairs (ASX: ADH) is no exception. The Company, like many others, has felt the pinch as higher interest rates and increased living expenses contributed to a notable decrease in foot traffic. To combat that, the Company’s mission has been to ensure

Australian shares to drift higher on open after US markets closed for Thanksgiving

The XJO is expected to edge higher on open this morning in what is expected to be another lacklustre day of trading. The U.S was closed overnight due to thanksgiving. Their futures closed flat, and they remain flat this morning. All of which provides no leads for our market. Yesterday we sold off to roughly

Linius Technologies sprints into the US college sports with automated game highlight technology

College sports are an integral part of American culture, with many universities having acclaimed athletic programs. Communities often rally behind their local college teams, especially in areas without professional teams, creating a sports euphoria and fandomhood of its own. Seizing an opportunity to join the fervour, Australian video tech provider Linius Technologies (ASX: LNU) has

TAB New Zealand to acquire SENZ digital & audio for $3.7 million from Sports Entertainment Network

Injecting some much-needed cash into the business, Aussie sports and entertainment agency Sports Entertainment Group (ASX: SEG) has entered a non-binding agreement between its wholly owned subsidiary Sports Entertainment Network NZ (SEN NZ) and TAB New Zealand. TAB will acquire SEN NZ’s digital and audio businesses, including the SENZ brand, app and website, and its

Jayride to seek buyers as FY24 forecast looks bleak with downgrade of cash flow targets

After reaffirming its FY24 guidance of becoming cash flow positive across multiple reports, the online travel aggregator Jayride (ASX: JAY) is revising the narrative. The Company, dealing with declining profit margins and lower net revenue per trip, is no longer expecting to be cash flow positive. What’s more, it is looking for a buyer to

Healthia shareholders overwhelmingly approve acquisition by Pacific Equity Partners at handsome premium

Shareholders of allied health company Healthia (ASX: HLA) are set for a handy payday after emphatically voting in favour of the Company to be acquired by funds manager Pacific Equity Partners (PEP).  The Scheme of Arrangement, which required a requisite majority of shareholders and votes, offered HLA shareholders $1.80 per share, valuing the clinic operator

Australian market to open lower after US shares struggle to hold highs

The XJO is expected to edge lower on open this morning despite a small rally in the U.S overnight. Their futures are flat, and so it is sort of puzzling as to why our market is so reluctant to price in their gains. Aside from the clear cynical and meek attitude our market typically has,

Administrators return Blue Horseshoe back to Directors as Aspermont pores over its 44% stake

In August 2021, media services company Aspermont (ASX: ASP) co-founded a FinTech startup, Blue Horseshoe Ventures, that was set to democratise and revolutionise the investment space. The same digital capital-raising platform has since entered voluntary administration and been returned to its directors. On August 17, 2023, the Company said Blue Horseshoe Ventures had entered voluntary

Webjet sees international bookings increase, campervan life suffers due to high prices

Post-Covid travel coupled with increasing prices has created a bittersweet cocktail for online travel agency Webjet (ASX: WEB), which saw bookings rise but still remain lower than pre-Covid levels. Webjet’s international bookings grew even as it battled inflationary pressures and reduced discretionary spending. The Company’s international flights market share grew 24% compared to H1 FY23,

Shares stall but don’t fall

The XJO is expected to edge lower on open this morning following a marginal pullback in the U.S overnight. Their futures sit flat. Technically our market looks like it is trading in a small ascending triangle. There is an uptrend line that has formed since the lows of roughly 6,750 and comes in roughly at

After ASX suspension over finances, My Rewards secures a $1 million loan from iGoDirect

After a particularly tumultuous FY23—ending with $0 in cash equivalents and a resulting ASX suspension, the engagement and loyalty management platform My Rewards International (ASX: MRI) has entered into a $1 million loan agreement with promotional intelligence company iGoDirect Group. This loan is expected to support the Company for the medium term.  It is critical

HeraMED’s pregnancy monitoring device expands reach to rural GPs and customers via Telstra Health partnership

Making maternity care more accessible to all expectant parents including those in regional and rural Australians, HeraMED (ASX: HMD) has been promoting at-home pregnancy management using its digital monitoring device HeraCARE. Now the Company has levelled up its strategic shift for the device by securing a new Partner Agreement with Telstra Health, expanding its customer

More discounts to come at Universal Stores as Aussies reduce discretionary spending

For the first twenty weeks of FY24, Aussie fashion retail company Universal Stores (ASX: UNI) has had to place its focus on promotions and discounts to cater to increasingly price-conscious consumers. Universal saw a spending decline in the regional areas of eastern Australia, contrasting with the more robust performance in metropolitan and CBD locations. In

Why the CPI report reaction surprised so much | Economic update

We were surprised last week by the reaction to the slightly better than expected US CPI monthly report. In aggregate the headline month-on-month CPI rate was flat versus a 0.1% forecast and core inflation was 0.2% versus 0.3% expected. A great deal of care needs to be taken when interpreting monthly data because inflation readings

US shares continue to grind higher, though Australian shares are reluctant to follow

The XJO is expected to edge higher on open this morning despite the U.S renewing their buying with a strong bullish session to finish within a stone’s throw of their all-time high. Their futures are flat this morning. Much of the rally was driven by tech in the U.S, which is underrepresented in our market

Another US win for 4D Medical with FDA approval for CT lung ventilation analysis product

The US Food and Drug Administration (FDA) has given the green light to respiratory imaging technology company 4DMedical (ASX: 4DX) for its CT-based lung ventilation analysis product (CT LVAS™). This FDA clearance will allow 4DMedical to leverage the US’s available CT hardware and boost its presence in the region. The FDA clearance follows the rollout

ASIC and RBA give green light to new ASX CHESS replacement after years of delays and failures

Questions regarding reliability, transparency and scalability came to the fore after the multi-asset exchange company Australian Stock Exchange (ASX: ASX) decided to replace its 25-year-old clearing and settlements system CHESS with blockchain tech in 2016. To do so, the ASX brought on the New York-based tech startup Digital Asset.  However, after multiple delays and issues,

XTEK secures $6.9m worth of armour orders amidst rising global tensions

Major conflicts in Israel and the Ukraine are tearing nations apart but for ballistics defence company XTEK (ASX: XTE), someone needs to offer protection to the people involved and if that means lacing them up in high-end ballistic body armour products, they’re happy to do it.  Some might call it a coincidence but since Russia’s

Australian shares to open higher after US markets hold firm

The XJO is expected to rise this morning following continued strength in US markets on Friday. Our futures are pointing to a rise of around 20 points, to roughly 7,070 index points. Our XJO traded a bit nervously towards the end of last week as if we were almost expecting a US pullback, but should

COG Financial buys 19.99% of Centrepoint shares from ClearView following Diverger deal fallout

In what might be construed as a slow takeover bid, asset finance broking group COG Financial Services Limited (ASX: COG) has acquired 19.99% of diversified financial services company Centrepoint Alliance (ASX: CAF) for a consideration of $13 million.  COG has utilised cash and debt to fund the acquisition. The approximately 39.56 million shares were bought

Within a month of its Forest Service radio’s launch, AEM signs contract with Canadian Helicopter provider for deployment

AEM’s newly launched Forest Service radio, the MTP136D, is flying off the shelves, as the electronics manufacturer Structural Monitoring Systems (ASX: SMN) subsidiary signed a contract with a Canadian-based helicopter provider within a month of its launch. The contract has been signed with Yellowhead Helicopters, based in British Columbia and Alberta. For over fifty years,

US shares flat again, XJO expected to do the same

The XJO is expected to edge higher on open this morning following a second night of indecision in the U.S which saw their market finish marginally higher. Their futures are also meekly in the green. Our market pulled back yesterday, likely due to sticky unemployment numbers which our market would have preferred to see come

Novatti cashing out of Reckon investment, clears debt to simplify payments business

Digital payments company Novatti Group (ASX: NOV) will save $4 million over the next four years having cleared their balance sheet of debt and corresponding interest payments after selling their stake in business software company Reckon (ASX: RKN) in favourable circumstances.  As shareholders of Reckon, Novatti has earned $15.2 million in cash dividends since acquiring

Australian Agricultural Company beefs up cost-saving efforts after declining sales

Two hundred years ago, the cattle farming company Australian Agricultural Company (ASX: AAC) was set up to produce wool, tobacco, flax and more until it transitioned to cattle breeding. While its problems then had to do with the quality of land; now, it is part of the modern zeitgeist, having to bear massive inflationary pressures. 

Rice, rice, baby: YPB Group signs three-year deal with Addera for rice packaging in Peru

Authentication and consumer engagement solutions creator YPB Group (ASX: YPB) has signed a three-year Master Service Agreement (MSA) with Addera, a Peru-based packaging company with clients in the country’s rice industry. Rice is a significant industry in Peru, accounting for 12% of agricultural production by value. Come 2026, the South American country is expected to

Markets stall after the recent strong gains

The XJO is expected to edge lower on open this morning following a flat night in the U.S which saw their market hold their key resistance. Weakness is also likely stemming from their negative futures this morning. Yesterday we had a strong rally to follow the U.S’s extraordinary break higher on Tuesday night. Their market

Are digital humans the future of online business? McKinsey and UNITH say yes

A 2023 McKinsey report shed light on research wherein one company with 5,000 customer service agents saw its issue resolution improve by 14% an hour, time spent reduce by 9%, and requests to speak to a manager decline by 25%—and it’s all thanks to generative AI.  According to McKinsey, USD $4.4 trillion of value that

OnTheHouse integrates Openn Offers after customers complain of missing price info and competition

No more under-the-table deals, greasing palms, and paying more than you should, only to discover later that you got duped and were embarrassed to do anything about it. PropTech company Openn (ASX: OPN), through its private treaty platform Openn Offers, is attempting to enable fair market exchange between property buyers and sellers. In doing so,

The ugly side of the beauty business: McPherson’s to lay off 40 employees following poor year

A streamlined portfolio, new leadership, and layoffs—Aussie health, wellness and beauty products brand McPherson’s (ASX: MCP), the brand behind Manicare, Lady Jayne and Fusion Health, has begun damage control after its FY23 financials painted a worrying picture for shareholders. The Company’s new strategy will focus on its higher margin and higher growth categories where McPherson’s

Shares skyrocket higher after US CPI comes in lower than expected

The XJO is expected to open higher this morning following an extraordinary move higher in the U.S overnight. Their move was largely on the back of a lower CPI reading that vindicated pundits whom believe the Fed tightening cycle is at an end. Their futures are also in the green. With the U.S crystalising their

MedAdvisor’s PlusOne platform wins Queensland healthcare pilot contract

Covid-19 reimagined the world’s approach to healthcare. While it put excessive strain on healthcare employees, it urged companies and governments to think outside the box and develop a more sustainable system for the post-pandemic world. Of course, that looked different for everyone.  For countries like Estonia and the US, it entailed boosting telehealth services. For

First patients dosed in Phase 2 clinical trials to tackle Parkinson’s disease

Parkinson’s UK, in collaboration with Australian researchers, has taken a major step towards preventing the development of Parkinson’s disease with the first Australian patient in a Phase 2 clinical trial having been dosed with PXS-4708, a novel drug aimed at tackling  Parkinson’s before its onset, along with other neurodegenerative disorders. The multi-national trial was initiated

Catapult generates positive cash flow for the first time since 2021, becomes official supplier for NASCAR

After months of investing in new products and signing new contracts, sports performance analytics company Catapult (ASX: CAT) has scored big. For the first time since September 2021, the Company has generated positive free cash flow amounting to $2.2 million. And that is just scratching the surface. Catapult’s total revenue grew to $77 million, up

Prices continuing higher on peak rate hopes, XJO to jump

The XJO is expected to open higher this morning following a flat US overnight. Their futures are also flat. The fact they held gains despite what their negative futures heralded yesterday is likely giving our market the confidence it needs to perhaps start pricing in their break higher on Friday. Our market held the consolidation

Pivotal week for global markets as the ticking time bomb awaits

The week ahead may prove pivotal for the global bond markets. The US has roughly $33 trillion in Federal debt, at an average interest rate of roughly 3%, which generates around $1 trillion per year of interest cost. Based on current expectations, the Congressional Budget Office guesses that the government deficit from 2024 through 2033

ECS ditches new cartridges to enter vapes and pastilles market

As of early 2023, over three million Aussies aged 14 and above were found to either smoke or vape. With a greater number of teens and young Aussies taking up vaping, it has created a massive potential market for cannabis cultivators and manufacturers like ECS Botanics (ASX: ECS). ECS is launching a range of GMP-certified

Skyfii signs $5 million contract with Abu Dhabi International Airport amid rebranding initiatives

Make passengers stand long enough in a queue, and you will eventually face their wrath. This is especially true at airports, where concerns about missing a flight take precedence (sometimes even over civility). As artificial intelligence (AI) grows, it can be helpful in analysing passenger data, helping you optimise how long it takes for them

Sierra Rutile faces cash crunch as High Court of Sierra Leone rules against them

Legal proceedings against rutile miner Sierra Rutile (ASX: SRX) in 2018 are to finally reach a conclusion with the High Court of Sierra Leone ruling against the producer, ordering the company to pay USD $1.16 million (approx. AUD $1.8m) to Transcend International Resources.  The judgement ruled in favour of Transcend which lodged a claim totalling

Massive US rally from US on Friday, XJO futures modestly higher

The XJO is expected to edge higher on open this morning following a strong move up in the U.S on Friday. Their futures are in the red this morning which may help explain our relative muted open despite their renewed confidence on Friday. We should retest 7,000 open, a level of resistance our market has

From design to development: Archer successfully validates its Biochip gFET design with German foundry

According to UBS, 3.16 billion people cannot reach a healthcare facility by foot within an hour, with many battling with poverty and inaccessibility to resources. But what if people didn’t have to delay? What if they could use a microchip to diagnose, monitor and upload their data, which a doctor could digitally survey? That’s the

REA listings see increase amid rising interest rates and home values

The average Australian’s home-owning dream is all but out of reach, with rising interest rates being dubbed more persistent than ever. Home values are increasing, as are financial pressures. For property and real estate companies like REA Group (ASX: REA), this has meant dwindling consumer confidence.  In Q1 FY24, REA saw a modest 1% increase

Some selling creeps in after days of strong gains

The XJO is expected to edge lower on open this morning following a sell-off in the U.S overnight. Their futures are flat this morning which at least would indicate that the selling hasn’t extended yet. Powell set the record straight overnight, pulling inline market pundits who have been buying up the U.S markets on the

Join the FAM: Centrepoint Alliance acquires Financial Advice Matters for $10 million

Financial services company Centrepoint Alliance Limited (ASX: CAF) is set to acquire Brisbane-based financial advice firm Financial Advice Matters (FAM). The $10 million acquisition of FAM is forecasted to add significant revenue to Centrepoint, expand its team of salaried financial advisers to 19, and create a financial advice group with the scale to expand in

SHAPE reports $291 million in project wins so far in FY24

From JW Marriott’s Gold Coast Spa to Curtin University’s computer lab, Sydney-based national fit-out and construction services specialist SHAPE Australia (ASX: SHA) has worked on about 7,000 projects raking in $9 billion.  In keeping with that, the Company has kicked off FY24 strongly, with more project wins across its core business and three growth and

US markets stall, but don’t fall

The XJO is expected to edge higher on open this morning following a U.S overnight that showed a continued willingness to hold their highs. Their futures are flat this morning. Markets are consolidating at the top of the range as they hold their highs but are unwilling to break through key resistance. Our market is

Mighty Kingdom’s largest shareholder warns of bankruptcy, demands Chairperson’s removal at upcoming AGM

In a story-line fit for a video game, gaming company Mighty Kingdom (ASX: MKL) is set for a drama-packed AGM on November 29 with the Company’s largest shareholder Shane Yeend utilising his massive social network to highlight Mighty Kingdom’s dire financial situation in order to have current Chairperson, Michelle Guthrie, ousted.  In a LinkedIn post

Vitura receives first MDMA for its newly-minted psychedelics arm Cortexa

In May 2023, diversified digital health company Vitura Health (ASX: VIT) announced a joint venture with Canadian psychedelic company PharmAla Biotech, giving birth to its Melbourne-based psychedelics arm, Cortexa. Providing an update on the 50-50 venture, the Company has noted an “Australian first” win. Its MDMA bulk GMP (good manufacturing practice) Active Pharmaceutical Ingredient (API)

Parkway partners with Energy Estate to boost sustainability initiatives in Queensland

Aussie CleanTech company Parkway Corporate (ASX: PWN) and Australian clean energy development firm Energy Estate have entered into a strategic partnership to advance sustainability initiatives in regional Queensland. The partnership seeks to leverage the strengths of both organisations to address several vital opportunities. Key focus areas include renewable energy, green chemicals, and waste disposal, with

Can our market shake off the rate rise?

The XJO is expected to open flat this morning following another small rise in the U.S overnight. Yesterday the RBA raised the cash rate by 25 basis point from 4.1% to 4.35%. The statement was rather wishy-washy, but indicated that they feel we have seen peak inflation and that it would be likely unnecessary to

Island Pharmaceuticals receives ethics approval for Dengue fever drug

The world could soon be one step closer to a preventative for Dengue fever with Island Pharmaceuticals (ASX: ILA), an Australian antiviral drug development company obtaining Human Research Ethics Committee (HREC) approval to initiate its human trials for drug ISLA-101.  This step of the regulatory approval framework is a significant step forward in the Company’s

Markets get caught by a triple surprise | Economic Update

Interest Rates The markets were caught by a triple surprise last week. Firstly, the Treasury opted to issue less 10 and 30-year bonds and more 3-5 year bonds for its refinancing, then the ISM manufacturing and services PMI data was weaker, and finally the non-farm payrolls were weaker than expected. This brought about what looks

US markets slow as Australian focus turns to RBA

The XJO is expected to edge lower on open this morning despite a small rise in the U.S overnight. We are likely being cautious as we head into the pivotal RBA meeting today at 2:30pm (AEDT). In addition, U.S futures have edged into the red, and we are trading at resistance. Yesterday we failed at

How Australia’s ag sector can unleash innovation with local agtechs

Innovation is crucial in most sectors – but especially so to ensure sustainable and resilient agricultural production. Yet despite the advances over the past few decades to improve yields and strengthen resilience and adaptability, the global agchem companies have not been able to develop enough new agrochemicals to sustain agricultural production against nature’s challenges. A

It’s official: Weebit Nano has achieved its first dollar of revenue!

This is no wee bit of news; it’s a major milestone for Aussie semiconductor company Weebit Nano (ASX: WBT). The Company, known for developing advanced memory technologies for the global semiconductor industry, has received its first IP licensing revenue worth $153,536 (US$100k) for its embedded Resistive Random-Access Memory (ReRAM) technology.  Though this revenue is small,

Pureprofile reports 36% earnings growth as global expansion plans bear fruit

Data is everything. Today, consumer data rules the roost, driving business decisions and platform updates. And how do you get this data? One way is through the Pureprofile platform (ASX: PPL). Pureprofile is a data, insights and advertising company focusing on getting consumer surveys and helping ad agencies. In Q1 FY24, the Company saw its

Optimism around peak rates continues

The XJO is expected to edge higher on open this morning following a continued rally in the U.S on Friday. Their futures have also edged into the green. The U.S is showing extraordinary strength, having rallied roughly six per cent over the past five sessions. On one hand, this instils confidence that the bulls have

TZ Limited secures $2.6m purchase order for smart lockers in pursuit of ambitious profit target

A global transport and logistics operator has tapped Aussie tech company TZ Limited (ASX: TZL) for $2.6 million worth of smart lockers and software, a rapidly growing technology in the online shopping era where products (even food) is becoming increasingly at risk of theft. The order is expected to be delivered by TZL by early

Archer makes major advances towards lab-on-a-chip technology

A semiconductor company with a quantum computing and medical diagnostics focus, Archer Materials Limited (ASX: AXE), has announced a notable development in its advanced Biochip graphene field effect transistor (gFET) technology. Archer has successfully demonstrated multiplexing readout capabilities for its Biochip, i.e. they have shown the device can make sense of multiple liquid samples arriving

Austco Healthcare wins $3.8 million contract to update nurse call system for two Singapore hospitals

HealthTech company Austco Healthcare (ASX: AHC) has locked in a $3.8 million contract to update the Tacera Nurse Call system at Ng Teng Fong General Hospital (NTFGH), a 700-bed facility, and Jurong Community Hospital (JCH), a 400-bed facility, both part of the Jurong Health Campus. The upgraded Care Communications System will introduce updates to elevate

Findi wins extension contract with the State Bank of India till new contract is enforced

Following its 10-year-long contract win with the State Bank of India (SBI) starting September 2024, digital payment and financial services provider Findi Limited (ASX: FND) has extended its current outsourcing agreement till the new one kicks in.  The extended SBI contract is expected to deliver $27 to $29 million in revenue and $9 to $10

US shares jump strongly higher again as market bets on pivot

The Australian market should open strongly higher again today after another big jump from US shares overnight. Our XJO futures are pointing to a rise of around 70 points on open, which should see us open not too far below the key 7,000 point level. All major sectors of the US markets rose strongly overnight,

AUB subsidiary Tysers settles case with US Department of Justice for over $72 million as company reports revenue growth

In March 2022, London-based insurance broker Tysers came under the scanner of the US and UK authorities. A few insurance brokers, including Tysers, were accused of bribing Ecuador’s government officials to secure clients. As Tysers dealt with the investigation, in May 2022, Aussie insurance brokers AUB Group (ASX: AUB) acquired it for $880 million. As

Is the Fed starting to ‘pivot’?

The XJO is expected to open higher this morning after another strong night of gains in the U.S. Despite a cautionary tone from the Fed, their market rallied back to their 200 day MA following the interest rate decision to leave the cash rate on hold. Our market is finally set to share in some

Insights from an Investment Managers Trip to Hong Kong

Last week we travelled to Hong Kong to attend a global investment conference and conducted several meetings with – Hong Kong listed companies (some of the largest companies with not only exposure to Chinese markets but assets in developed markets), buy side investors, strategists, fund managers and bottom up equity analysts. These trips support our

Range achieves revenue growth as it awaits hearing date for the Indonesian tax office case

After struggling with cash and being suspended from the ASX, Range International (ASX: RAN), the manufacturer of Re>Pal ‘zero-waste’ plastic pallets, has reported its Q3 2023 results, achieving its second-highest quarterly sales revenue.  The impact of the US currency exchange rate was evident in Re>Pal Indonesia’s Q3 2023 sales revenues, which, at $802.1k, fell below

As cash dwindles, Advanced Health Intelligence lists collabs and partnerships to turn things around

With its cash reserves dwindling, digital health company Advanced Health Intelligence (ASX: AHI) is having to make a strong case for itself among shareholders. One of its bigger moves is the US FDA submission of July 2023. The purpose of an FDA Section 513(g) submission is to obtain clarification on the regulatory pathway for a

US shares higher again as European CPI returns to normal levels

The XJO is expected to open higher this morning following a continued move higher in the U.S overnight. Yesterday we tried to follow them higher from their initial rebound on Monday night, however we seemed to just give up halfway through the day to give up virtually all the opening rally. Considering the negativity underpinning

Keypath Education’s healthcare focus in the US and APAC boosts EBITDA

The global healthcare workforce is set to experience a squeeze, as the WHO estimates 10 million fewer workers by 2030. Lack of funding, disproportionate migration and low wages are just some of the reasons. This is a worrying picture, especially following the Covid-19 pandemic.  One company working towards remedying this is the global EdTech provider

Netlinkz undertakes capital raising, secures contracts for its satellite division Starlink

After a brief ASX suspension for not reporting its financials on time and incurring a loss of nearly $12 million in FY23, software company Netlinkz (ASX: NET) is looking to alter its course in FY24.  In Q1 FY24, the Company, which develops intelligent networking solutions, reported revenue of $6 million, marking a 34% uptick on

Good Drinks Australia’s hospitality revenues boom even as overall beer market softens

By 2027, Australia’s beer market is set to be worth $25.11 billion, but with growing competition, it’s not enough to just sell great beer; companies must now sell an experience. That’s why Australian brewing company Good Drinks Australia (ASX: GDA) has left behind its pokies days to focus on more beer.  In Q1 FY24, the

Anagenics reports steady earnings as beauty, health, and wellness spending remains intact

Despite evolving lifestyles encouraging more thoughtful financial choices, Australians remain committed to investing in premium beauty, health, and wellness products. The nation claims the 10th spot globally with US$84 billion spent on wellness items, while the national revenue in the Beauty & Personal Care market amounts to US$7.22 billion in 2023. Amidst economic challenges, Anagenics

XJO to rise after US rebound

The XJO is expected to open higher following a strong rebound in the U.S overnight. Their futures are flat this morning. The rebound is likely built simply on oversold conditions attracting bargain chasers, and so it is hard to suggest it will be anything but a relief rally with a finite life. We will test

Bond market wakes up from its hypnosis | Economic update

In Australia the release of the monthly CPI data upset the bond market that had been hypnotised by the relentless beat of the banks, media, and government messaging that inflation would keep declining. Although no one expects inflation to decline, or rise for the matter, in a linear manner, many in the market did the

Identifying future small caps

In a world where macro news is nothing short of chaotic and confusing, it’s worth focusing on the micro for a change. The resilience of both the Australian economy and the share market has been well documented, but it masks massive divergence and slow-moving trends that can be profound over time. Just like a leaky

Adore Beauty’s loyalty programs prove fruitful with revenue bump in tough retail conditions

Aussies and discretionary spending have a love-hate relationship right now. Treating yourself to something nice can temporarily relieve the stress of ongoing financial pressures, but it’s often accompanied by a hint of guilt. Rising costs have hurt both consumers and businesses as they try to focus on strategies to stay afloat. For online beauty retailer

Novatti seizes opportunity in Australia’s cashless transition as revenues rise while expenses drop

Capitalising on the evolving financial landscape where the Reserve Bank of Australia is preparing for legislative changes in line with the direction of a cashless economy, digital payments company Novatti Group (ASX: NOV) has reported strengthened results with both revenue growth and expense reduction.  Over the past six months, Novatti has been undertaking a strategic

Pointerra bags $500k contract with Enel, teams up with Carbonix and Emesent for its data analysis platform

After suffering some major financial blows in FY23, Data-as-a-Service (DaaS) company Pointerra (ASX: 3DP) is offering some relief for shareholders. The Company has signed three agreements, with Enel Colombia, Emesent and Carbonix, for its data tech. However, the contract value of only one of these is known, leaving investors wondering how these will impact revenue

EVZ celebrates strong quarter with contract wins and engineering projects meeting delivery milestones

A bevy of large contract wins have delivered a financial boost to engineering and construction company EVZ (ASX: EVZ) which has expanded into new regions that are seeing growth thanks to major project works.  Brockman Engineering, a key subsidiary under EVZ, continues to make significant strides with their Viva Energy Strategic Storage project, located adjacent

Markets lower again as Israel moves into Gaza

The XJO is expected to open lower this morning following continued selling in the U.S on Friday. Their futures have also edged into the red. On Friday, our market showed uncharacteristic resilience despite U.S falls the previous night. There were a few underlying reasons, but one may have simply been an expectation that the U.S

JATCorp sues Chinese competitor for calling products “fake”, posts 186% revenue increase in September quarter

In any industry, there is more than one way to get ahead. One, of course, is doing your job and doing it better than anyone else. Another is destroying the competitors’ image so you are the only reliable option left standing. The latter is the approach Australia-Asia food trade specialist JATCorp (ASX: JAT)’s Chinese competitor

Webcentral enters agreement to partially sell its domains business at mammoth valuation

Digital services company Webcentral (ASX: WCG) has pulled off a substantial M&A coup having secured an agreement to sell two-thirds of its domains business for $165 million. Making the deal most remarkable is the fact Webcentral was trading with a market cap of just $36 million ($0.11 per share) prior to the deal being formalised.  

US markets push lower again, XJO to open fairly flat

The XJO is expected to open flat this morning despite the U.S committing to the break lower and continuing their falls. Their futures have edged into the green, which may help prescribe some of the uncharacteristic resilience our market is showing this morning. It may also be because our market has led the falls, breaking

Algorae Pharmaceuticals collaborates with UNSW for AI biopharmaceutical prediction platform for dementia and heart diseases

As of 2023, over 400,000 Australians live with dementia, with over a million people assigned to their care. It is the second leading cause of death in the country overall and the leading cause of death in women. What’s worse, Australia’s growing ageing population makes this statistic all the more worrying.  In a bid to

G8 sells off 31 underperforming childcare centres to Genius Education for reallocation of resources

Early education provider G8 Education (ASX: GEM) has signed a conditional agreement to sell 31 centres to TAK Operations, part of the private national childcare provider Genius Education Group. What’s more, G8 will pay $26.5 million to Genius, comprising transaction costs and adjustments, with the funds to be allocated across its 31 centres. The 31

Mad Paws inches closer towards cash flow positivity as Aussies won’t hold back on pet care spending

With one of the world’s highest pet ownership rates at 69%, Australia’s 2022 national pet survey reveals Aussies spare no expense in caring for their pets, of which they are parting with over $33.2 billion per year for the well-being, including food, grooming, and accessories of their beloved fur friends.  Online pet ecosystem operator Mad

Dumb Ways to Die: the viral audio that perked up PlaySide’s revenue

You’ve probably heard the Dumb Ways to Die audio while scrolling on Instagram or TikTok, but did you know where it’s from? The Melbourne rail campaign, Dumb Ways to Die—the franchise which has been under Aussie video game developer PlaySide Studios (ASX: PLY) for about two years now. Besides that, the studio has a broad

Harris Technology to expand private label tech products into Australia in time for retail season

As consumers around the world face inflationary pressures, there has been a rising trend towards low-cost alternative tech products, a trend that eCommerce company Harris Technology (ASX: HT8) is capitalising on overseas and is set to make these products available to Australians in time for Christmas. Over the past 12 months, Australia’s retail industry has

Markets continue to look negative, with potentially more rate rises to come

The XJO is expected to open lower this morning following a pullback in the U.S overnight. They managed to break lower and hold their lows, and their futures are marginally in the red. Our muted open is likely due to large portion of their selling coming from tech, which is not overly represented in our

Reduced household budgets hurt Cluey’s revenue, cost-cutting measures introduced

Even after its cost-cutting initiatives proved helpful, tutoring firm Cluey (ASX: CLU) has been dealing with setbacks in the face of reduced household budgets. The Company reported a 17% decline in revenue, with earnings taking a hit. In Q1 FY24, the EdTech company made notable improvements in its financial performance in other areas. The Company

After selling US arm to focus on Australia, PointsBet gets the winning ball rolling

While most companies create grand plans to enter the US, online wagering company PointsBet (ASX: PBH) is glad to wash its hand off its American arm since selling it off to Fanatics Betting and Gaming in August 2023.  With the first installment of $275.4 million being received, PointsBet is finally focusing on its Australian and

IncentiaPay rejects takeover offer, cites undervaluation and uncertainty

Loyalty pays. Just ask IncentiaPay (ASX: INP) which has firmly rejected an unsolicited takeover proposal from a Melbourne-based loyalty and rewards program operator with a focus on the dining sector. The indicative offer, made on October 20, 2023, sought to acquire 100% of the IncentiaPay’s shares for a cash value of $0.0049 per share. INP

Very important CPI reading ahead

The XJO is expected to open marginally higher despite a strong bounce from key support in the U.S last night. Their futures are flat, which may help explain our muted open, but it is more likely that our market is simply being cautious heading into the CPI reading today. Our market has also been rather

Syntara accelerates clinical trials and blood cancer drug pipeline following mannitol business sale

Syntara – it’s a name that biotech investors will be hearing a lot in the years to come with the Company set to accelerate clinical development of its novel drugs to treat blood cancers.  Syntara* will be the new name for Pharmaxis (ASX: PXS) which has sold its mannitol respiratory business and is pursuing an

Bubs goes full steam ahead with US FDA trials in rising market for infant formula

Baby formula and food company Bubs Australia (ASX: BUB) spent a large part of FY23 undertaking reputation management as its dirty laundry was hung for the world to see. Boardroom disputes, miffed shareholders, lawsuits, and a CEO ousting—the Company had to work in overdrive to maintain shareholder confidence. The impact of its decisions can be

Cash Converters revenue rises as Australians battle inflation and seek loans

Cash Converters (ASX: CCV) is like that great friend who lends you money (few questions asked) and gives you their hand-me-downs and takes things you no longer want. As a bonus, Cash Converters gives you money for taking things you no longer want. With more interest rate hikes anticipated and people reeling under financial stress,

Luring the enemy into a trap – October 2023 Monthly Wrap

Another proxy theatre of war opens The mainstream commentariat’s assessment of the war between Hamas and Israel is cast in a narrow dimension of a ‘territorial war’. While it is definitely that, and we are not here to take either side, our view is unequivocally that the wider perspective of this war’s role in the

RBA’s interest rate dilemma and the importance of timing | Economic Update

The markets, at both a bond and currency level, are now forecasting that the RBA has fallen behind the curve with its interest rate moves. The RBA is now expected to increase rates by 25bps at the November meeting and then remain on hold until the February meeting, when a new RBA interest setting board

US markets stabilise

Our market is set to pause its falls on open this morning following an indecisive night of trading in the U.S last night. Their futures have edged into the green, and they managed to rebound from their lows and continue holding 4,200. Our market yesterday continued lower, breaking the yearly lows at roughly 6,900 and

Streamplay expands its reach to Vanuatu in collaboration with Digicel Pacific

The 335,000 residents of Vanuatu will soon be targeted by mobile gaming and entertainment company Streamplay Studio (ASX: SP8) which has expanded into the island nation through its strategic partnership with Digicel Pacific, the largest telecommunications provider in the region.  The expansion will include marketing Streamplay’s competitive casual gaming and esports technology, music streaming services,

Whispir CEO resigns, as company undertakes capital raising following a difficult year

In November 2022, Software-as-a-service (SaaS) communications workflow platform Whispir Limited (ASX: WSP) laid off 30% of its staff, saving millions of dollars and sending its share price soaring by 40%. However, that didn’t entail disembarking from its cost-cutting train. Whispir is continuing to consider avenues for savings, and as it does so, its CEO has

Love Group swipes left on revenue as Bangkok and Hong Kong see falling demand for consultations

While shows like Indian Matchmaking and Bachelor in Paradise might make you chuckle, there is no denying the reality they are rooted in. Many singles, struggling to find a partner using their own devices, turn to professionals to make their romantic dreams come true. By 2026, the global matchmaking industry is set to be worth

Mayfield Childcare reaches settlement to recoup $1 million from former CEO

Mayfield Childcare (ASX: MFD) is set to recoup $1 million from its former CEO Dean Clarke after a settlement was reached between the early childhood operator and its former boss in relation to misappropriation of funds which promptly led to Clarke’s termination in 2022. The misappropriation of funds was first brought to public attention in

Pain continues for markets

The XJO is expected to open lower this morning following another night of selling in the U.S on Friday. Their futures are also slightly in the red. Our market fell to key support at roughly 6,900 on Friday and held. This level is roughly our yearly lows and represent the bottom of the broad trading

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