Latest Hardware News

InteliCare ended the September quarter with A$1.394 million in cash after an operating cash outflow of A$1.271 million, leaving just 1.10 quarters of estimated funding. The company is relying on customer receipts from expanding deployments, while continuing to assess funding options.

CONNEQT Health ended the September quarter with just A$501,000 in cash after a A$3.06 million operating outflow, equivalent to 0.16 quarters of funding at the reported burn rate. The company is pursuing R&D-backed debt, inventory finance and an equity raising as Pulse sales recover from an inventory disruption.

Strategic Elements has moved its EdgeiQ platform closer to commercial mining pilots while Energy Ink progresses towards a system-level demonstration. The ASX-listed venture developer ended September with $3.918 million in cash and an estimated 4.32 quarters of funding at the quarter’s spending rate.

Visionflex ended the September quarter with A$657,000 in cash and estimated funding for just 2.1 quarters, while aged care subscription losses drove a 25% fall in reported ARR. Revenue edged higher and costs improved, but the company now needs hardware wins to become recurring income before liquidity tightens further.

Pure Resources has moved its Garnet Hills strategy from concept towards laboratory validation, with heavy rare earths recovered into solution, CNTF fabrics manufactured in-house and garnet meeting key abrasive standards. The milestones remain early-stage, with no quantified rare earth recovery or commercial revenue reported.

Metal Powder Works has secured its first multi-year order, lifting backlog to approximately A$1.3 million and bringing forward its 800-tonne annual capacity target. The commercial progress comes with a sharper funding question, as quarterly operating cash outflow reached A$3.3 million against A$6.9 million of cash.

xReality Group expanded its Operator XR customer base, recurring revenue and sales pipeline in the first quarter, while securing its first US Marine Corps order after quarter end. But the company remains focused on completing its FY26 audit and reinstating trading, with $1.4 million in quarter-end cash against $4.55 million of secured debt.

Novatti’s AU/NZ quarterly transaction value rose to $1.2 billion, but regulatory disruption to international BPAY payments pushed revenue lower and left Cash EBITDA negative. The company is targeting an early 2027 relaunch while relying on pipeline conversion and product mix improvements to support its next phase of growth.

Carnegie Clean Energy has completed fabrication of the main CETO buoyant actuator ahead of a staged deployment in Spain, bringing its wave-energy prototype closer to offshore testing. The progress comes alongside a fully drawn A$3.5 million loan facility and quarterly operating cash outflow of A$916,000.

Beonic has launched its in-house Vision platform across four countries while delivering a profitable first quarter, with EBITDA of A$853,000 and an 83.0% gross margin. The stronger operating result came alongside weaker total revenue, negative operating cash flow and only 1.7 quarters of estimated funding.

Gowing Bros has reported a $3.49 million FY2026 net loss, with Surf Hardware International remaining deeply loss-making and shopping centre values falling by $3 million. The diversified investment group maintained a fully franked 3 cents per share final dividend as cash declined and borrowings increased.

4DS Memory has completed its acquisition of Jenesys and appointed founder Jaspal Sarai as CEO, combining autonomous-systems software with its ReRAM technology. The company has A$6.6 million in quarter-end cash plus a further A$2 million placement, but has yet to secure a binding customer agreement.