Latest Innovation News

ikeGPS Group Limited reported a 33% surge in subscription revenue to NZ$19.2 million for FY26, driven by AI-powered product innovation and expanding adoption among North American utilities. The company achieved positive underlying EBITDA in March and ended the year with NZ$33 million cash and no debt.

Collins Foods delivered record FY26 revenue and underlying profit, declaring a 15c fully franked final dividend while exiting Taco Bell to sharpen focus on KFC expansion in Australia and Europe.

BauMart has reached a pivotal milestone in its BuildMart Modular project with the delivery of four modular homes to Fremantle, marking a practical demonstration of offsite construction's efficiency and quality.

Booster Innovation Fund reported a $1.593 million profit for the year ended March 2026, supported by increased net assets. However, valuation risks persist due to early-stage investments and recent capital raises at lower prices.

BCAL Diagnostics has locked in an additional $4.9 million under its existing convertible note facility alongside a $1.4 million R&D tax offset tranche, reinforcing its funding runway into FY2027 for early cancer detection test development.

Clarity Pharmaceuticals will present compelling data at EANM 2026 demonstrating its 64Cu-SAR-bisPSMA imaging agent’s superior detection of prostate cancer recurrence and promising therapeutic results from 67Cu-SAR-bisPSMA in advanced disease.

Lumos Diagnostics has received a A$709,837 cash refund from the Australian Government’s R&D Tax Incentive, bolstering its investment in proprietary point-of-care diagnostic technologies.

Venus Metals has unveiled promising auger soil sampling results at its Henderson Gold Project and significant base metals anomalies at Youanmi, alongside initiating a titanium extraction research program with Murdoch University.

Veris Limited has secured two new work orders under its Digital Twin Victoria partnership, expected to generate over $1 million in revenue across nine months, reinforcing its government digital consulting growth.

FortifAI has appointed David Walker and Tim Edwards to its newly formed Advisory Board, reinforcing its push towards the commercial launch of the Nol8 AI Data Plane. These appointments bring heavyweight technology and financial services expertise to the company as it scales.

Turners Automotive Group posted a record $63.2 million normalised NPBT for FY26, beating guidance and declaring a 14% higher dividend as it accelerates branch expansion and ecosystem integration.

Pacific Edge reported a $35.8 million loss in FY26 amid a 47% revenue drop following Medicare coverage loss, but a draft Medicare policy and $36.1 million capital raise set the stage for recovery.