Latest Technology News

AoFrio’s nine-month revenue fell 20% to NZ$50.3 million as motor sales plunged, while EBITDA dropped to NZ$0.8 million. The NZX-listed refrigeration technology company is relying on new US bottler orders, Food Retail expansion and its IoT platform to support a more profitable 2027.

Tinybeans has delivered a US$65,000 adjusted EBITDA profit and its fourth consecutive quarter of positive operating cash flow, with revenue rising 35% to US$1.60 million. The result came as subscription revenue climbed 74%, although customer acquisition costs increased across both platforms.

Thrive Tribe Technologies has made progress on its defence and veteran software ambitions, but ended September with just A$20,000 in cash after a A$573,000 operating outflow. Its proposed A$2 million placement remains uncommitted and requires shareholder approval in November.

Zimi has moved its next-generation Matter smart-home range closer to certification and production, while securing access to more than 10,000 retail outlets through Directed. But the company ended September with $344,000 in cash after burning $714,000 on operations, leaving further funding firmly in the frame.

XPON Technologies has completed the Datisan disposal for $8.1 million in initial cash, repaid its short-term loan and redirected its attention to Wondaris and applied AI acquisitions. The company’s next test is whether that cash can translate into stronger platform growth.

Hydrix reported stronger contract momentum and launched a defence strategy in FY26, but revenue fell, cash burn increased and its statutory loss widened to $6.72 million. The auditor identified a material uncertainty over the company’s ability to continue as a going concern, despite a $5.2 million capital raising and planned debt conversions.

SCX.ai has reported positive operating cash flow in its first quarter as an ASX-listed company, alongside a 54% increase in annualised recurring revenue since its prospectus. The sovereign AI infrastructure provider also has more than 100 commercial customers and $23.9 million in cash, but its next test is converting new capacity and partnerships into durable revenue.

icetana AI returned to revenue growth in FY26, with sales up 31% to $2.47 million and annual recurring revenue reaching $2.6 million. The company remains loss-making, but entered FY27 with stronger recurring revenue, new distribution channels and $4.79 million in cash.

DataDot Technology Limited (ASX:DDT) delivered a stronger FY26, with revenue rising 14.1% to $3.85 million and profit before tax nearly tripling to $327,420. The sharper result was driven largely by PropertyVAULT’s first full year of insurance services, although key insurer relationships remain pilots or works in progress.

Yojee has expanded its MOSAIC freight software customer base to 17 signed agreements, with five customers now processing live jobs after the platform’s July commercial launch. The company has $11.2 million in cash and no debt, but must now turn early usage into billable activity.

Adveritas lifted annualised recurring revenue 47% to $17.9 million while building new customer channels through its SME platform, US partner Vaudit and ChatGPT ad-fraud detection. The growth story is developing alongside a sharp cash-burn warning, with the company reporting 0.82 quarters of funding before its post-quarter-end placement.

Dubber reported $1.3 million of positive operating cash flow in Q1 FY27, alongside $7.7 million in revenue and $16.2 million of total liquidity. The company is now shifting from cost reduction towards growth, with new AI products and the proposed Daisee acquisition next in line.