Latest Technology News

Vection Technologies has confirmed a $1.35m FY27 annual revenue order from a classified national security and law enforcement customer, extending a programme that has run continuously for more than five years. The revenue is expected to be fully recognised during FY27, although the customer and contract terms remain undisclosed.

Kinatico has started FY27 with SaaS revenue up 17.8% and cash 21.8% higher, while its expanded compliance platform moves into production with Civeo and new customers. The company is also pursuing an exclusive childcare partnership with OWNA, but the commercial terms remain undisclosed.

dorsaVi has commercially launched its first wearable capable of analysing movement and delivering feedback directly on-device, while its RRAM chip program moves into fabrication and testing. The progress comes alongside a post-quarter A$3.0 million capital raising, against quarter-end cash of $1.12 million and operating cash outflow of about $996,000.

X2M Connect has secured 60-day exclusivity over a Queensland site for a planned 10MW AI-enabled data centre, with development approval and 2.5MW of grid capacity already in place. The estimated $250 million project could add delivery revenue, recurring platform fees and a potential token revenue share, but key commercial terms remain unresolved.

Acusensus has secured a five-year ACT Government traffic enforcement contract valued at approximately $63 million, with extension options that could lift the total to $210 million. The deal broadens its role from specialist detection to a territory-wide enforcement platform, although rollout is not expected until mid-2027.

IKE has lowered its previously indicated FY27 subscription revenue growth expectation of about 35%, citing contract timing rather than weaker demand or churn. The NZX and ASX-listed software company still expects its subscription exit run rate to grow by more than 30% by March 2027, while three new products remain on track for launch.

Energy Technologies has outlined two signed commercial arrangements for its Cogenic laser display technology, including a SYNCH purchasing framework worth up to US$10 million and a 5% royalty licence with Amalgamated Vision. The opportunity is meaningful, but the SYNCH arrangement carries no minimum order commitment and still depends on product specifications, acceptance and purchase orders.

Airtasker delivered its strongest GMV growth in four years in FY26, but the expansion still consumed cash as international investment accelerated. The ASX-listed marketplace is now targeting positive free cash flow in FY27 while scaling membership and reducing UK investment.

SenSen Networks has opened FY27 with record quarterly customer cash receipts of A$5.3 million, 17% annualised recurring revenue growth and positive operating cash flow. The ASX-listed AI enforcement software company also secured A$2.6 million in new and expansion contracts, although converting those wins into recurring revenue remains the next test.

Orcoda has opened FY27 with unaudited quarterly revenue of $6.2 million, up 63% from the previous quarter, while annual recurring revenue reached approximately $14.7 million. The strongest contribution came from its Resource and Infrastructure division, where revenue more than doubled as the company reduced reliance on a single major customer.

Camplify Holdings generated $1.438 million in operating cash flow in the first quarter of FY27 and ended September with $11.333 million in cash and no debt. But GTV fell 27% year on year and forward bookings remained 17% below the prior corresponding period, leaving the summer booking cycle as the key test.

Excite Technology Services has secured a $2.9 million, 24-month contract with an unnamed Australian Federal Government regulator. The award expands its government work in digital forensics and investigative analytics, although standard termination and scope variation rights limit certainty around the full value.