Latest Technology News

Codan has set a first-half FY27 NPAT floor of $162 million after delivering record FY26 results, while targeting Communications revenue growth at the upper end of its 30% to 40% range. The company is benefiting from exceptional demand for unmanned systems, although visibility in conflict markets remains limited beyond the near term.

Freelancer returned to operating profit in 3Q26 after cutting operating expenses 11%, but its core marketplace remained under pressure. Record activity at Loadshift and stronger Escrow.com GMV provided the brighter spots while management works to restore demand at Freelancer.

icetana AI has started FY27 with a sharp lift in recurring revenue and quarterly sales, while its Antara Core platform reached its first commercial deployment. The progress came alongside higher operating cash outflows and a $3.9 million cash balance.

Blackpearl Group narrowed its quarterly EBITDAF loss to $2.97 million and is now targeting profitability in Q1 FY28. The company has also secured a non-binding US distribution agreement with a potential pipeline of more than 70 enterprise customers.

IODM has posted its strongest-ever September revenue as new university contributions accelerate across the UK and Europe, while its cash position leaves little room for execution missteps. The company ended the quarter with A$747,000 in cash and an estimated 1.2 quarters of funding.

RAS Technology has agreed to a $49.8 million all-cash takeover by The Press Association, giving shareholders a 93% premium to the last traded price. The deal has board and founder support, but still requires an independent expert’s endorsement, shareholder approval and Federal Court sanction.

Swift TV has agreed to extend its fully drawn $5.53 million secured facility by 12 months, giving it until March 2028 to repay the debt. The extension comes with a higher interest rate, a capitalised fee and 100 million warrants for lender Pure Asset Management, and still requires ASX clearance or shareholder approval.

Adveritas has secured a $2 million placement at a 42.9% premium to its last close, with the proceeds earmarked for product development, marketing and working capital. The funding comes as the company pushes beyond sports betting and gaming while managing delayed Brazilian customer payments.

Integrated Research’s FY26 annual report confirms a sharp earnings deterioration, with revenue down 16% and net profit collapsing to A$1.2 million. A stronger cash balance and new AI products offer financial resilience, but FY27 now hinges on turning product launches into commercial adoption.

WiseTech Global’s FY26 annual report charts a year of extraordinary expansion, with revenue up 79% after the e2open acquisition and underlying EBITDA up 56%. But the stronger earnings base comes with heavier debt, a major workforce reset and unresolved regulatory risks.

Vection Technologies has secured a multi-year framework agreement with Italian telecommunications provider Retelit Digital Service, which has committed to generate at least approximately A$19.5 million in revenue for the company by June 2030. The deal expands Vection’s route into enterprise customers across Italy and Europe, although margins and payment terms remain undisclosed.

FortifAI says independent verification found its NOL8 AI Data Plane delivered up to 118 times more data per infrastructure dollar than Google RE2 at the highest workload tested. The result supports NOL8’s commercialisation push, while also triggering the vesting of 52,516,667 Class C Performance Rights.