Nanoveu Soars, Gratifii Slides as Tech Investors Back Revenue and Defence Wins

Nanoveu (ASX:NVU) led the technology board with a 38.64% weekly gain after saying its ECS-DoT chip lifted drone cruise efficiency by as much as 51% in live tests and after buying Spinoff Robotics. Gratifii (ASX:GTI) was the sharpest faller, down 29.63%, after it locked in the Mosh acquisition but pushed out the Simplicity deal to early 2027 under revised terms. X2M Connect (ASX:X2M) fell 20.00% after raising $2 million at 0.4 cents a share, with the stock reopening at the raising price and then slipping again.

Defence and drones kept drawing money

Elsight (ASX:ELS) delivered one of the strongest operating updates of the week. First-half revenue hit US$23.4 million, up 387%, and the company expects non-GAAP net profit above US$10 million. Investors cared because this was not just a story about future promise. It showed cash-generating sales now, helped by US defence demand, Blue UAS approval for Halo, and a fresh public safety order. Adisyn (ASX:AI1) and Harvest Technology Group (ASX:HTG) also stayed in the defence conversation, but their share prices moved the other way. Adisyn fell 9.38% even after reporting repeatable low-temperature graphene work and drone stealth partnerships. Harvest lost 8.33% after signing a non-binding Ukrainian defence technology agreement. In plain terms, investors often pay less for early-stage deals that are not yet binding and do not yet show near-term revenue.

Software names rose when sales and cash receipts did the work

Pureprofile (ASX:PPL) climbed 17.86% after posting record FY26 revenue of $65 million and 25% EBITDA growth. That matters because EBITDA is a rough measure of operating profit before some accounting items. Platform revenue jumped 74%, which told the market customers were using the company’s own technology more heavily. Connexion Mobility (ASX:CXZ), SenSen Networks (ASX:SNS), Orcoda (ASX:ODA), Credit Clear (ASX:CCR) and Locate Technologies (ASX:LOC) all gave investors something concrete to work with: revenue growth, profit growth, recurring income or positive normalised EBITDA. Locate’s update was notable because its normalised EBITDA turned positive while Locate2u revenue rose 54%. In simple terms, the business says it is earning more from its core software and is moving closer to standing on its own cash generation. Axtec (ASX:AXI) added 7.69% after signing a three-year deal with MRI Software. Investors liked the agreement because it opens a distribution route into real estate agency software already used across Australia. WiseTech Global (ASX:WTC), by contrast, fell 14.11% despite buying FRDM.ai. The deal may help VerifyWise over time, but acquisitions can still bring short-term concern about price paid, integration work and whether new sales arrive quickly enough.

Fundraisings split the board

Several companies tapped investors for fresh cash. Activeport (ASX:ATV) raised $3.6 million in an oversubscribed placement and also announced a third major Asian carrier deal in a week. Even so, the shares finished flat for the week and sat below the reopening price. Early gains evaporated, which usually means buyers liked the news but did not want to chase the stock after the discounted issue. Wrkr (ASX:WRK) took a firmer route, raising $10 million and launching a $2 million share purchase plan while pointing to record onboarding ahead of Payday Super. X2M, Unith (ASX:UNT), Codeifai (ASX:CDE), WhiteHawk (ASX:WHK) and FBR (ASX:FBR) all reminded the market that fresh capital can cut both ways. New money helps fund growth or cover working capital, but it also means more shares on issue or, in FBR’s case, debt that may later convert into shares. That can pressure prices if investors worry future gains will be spread across a larger base.

Data-centre and AI infrastructure stayed active

NEXTDC (ASX:NXT) edged up 2.29% after lifting contracted utilisation to 740MW and pushing its forward order book to 565MW. In plain English, more capacity is already spoken for, which gives better visibility on future revenue. X2M is trying to ride the same broad build-out from a different angle by selling tools aimed at lowering energy use in data-centre precincts. Elsewhere, Weebit Nano (ASX:WBT) raised its FY26 revenue guidance to $13.5 million, while Streamplay (ASX:SP8) gained 12.50% after Winter Burrow passed $5.7 million in sales and set a 30 September mobile launch. For both names, the next test is simple. Investors now want proof that customer demand keeps building after the announcement, not just on the day it lands.

Where caution stayed high

Adslot (ASX:ADS) remained tangled in process rather than growth. One update dealt with a Takeovers Panel application over a large off-market share transfer. Another said its subsidiary won creditor approval for a deed arrangement so it can keep trading. For beginners, that means investors are dealing with legal and balance-sheet questions before they can think about growth. Atturra (ASX:ATA) also showed why not every update is easy to read as positive or negative. Earnings stayed in line with guidance, but the company cut revenue expectations and flagged a $20 million to $25 million non-cash goodwill write-down. That accounting charge does not mean cash left the business this week, but it does tell investors past assets are now judged to be worth less than first thought. PEXA (ASX:PXA) faced a different problem, arguing with the regulator about how its asset base should be valued in a fee review. Investors care because lower allowed fees can hit future earnings.