Latest It Services News

29Metals delivered a solid December 2024 quarter, meeting production and cost targets while strengthening its balance sheet through a $180 million equity raising and senior debt refinancing. The company is poised to extend its Golden Grove mine life with the Gossan Valley investment.

RemSense Technologies delivered a cashflow positive Q2 FY2025, driven by a 78% surge in customer receipts and successful execution of major global contracts. The company’s virtualplant platform continues to gain traction across mining, oil and gas, and new industrial sectors.

Mount Hope Mining has marked a pivotal December quarter with a successful ASX listing and a $5 million capital raise, setting the stage for advanced exploration in the prolific Cobar mining district.

K2 Asset Management has appointed longtime executive Hollie Wight as CEO, signaling a strategic push towards sustained profitability and diversified revenue growth in 2025.

K2 Asset Management Holdings Ltd has won a significant new investment mandate worth approximately A$242 million, expected to increase its revenue by around 15%, reinforcing its strategic growth trajectory.

N1 Holdings Limited reports robust growth in revenue, EBITDA, and profitability for the December 2024 quarter, underpinned by disciplined risk management and a refined funding strategy.

AuKing Mining Limited has advanced its strategic footprint with a 15% earn-in agreement at Queensland’s Cloncurry Gold Project and strengthened its board with seasoned mining experts, while navigating financial challenges and project delays.

Zoom2u Technologies reported a 5% increase in Q2 FY25 revenue to $1.66 million, alongside a modest EBITDA loss of $29,000. The company also adopted a new Treasury Management Policy to accept Bitcoin payments, signaling strategic innovation.

Zoom2u Technologies reports a positive EBITDA and cash flow for the first half of FY25, driven by growth in its Locate2u and Shred2u platforms, despite a revenue dip in its core Zoom2u delivery service during Q2.

Macquarie Investment Management Australia Limited has announced an estimated distribution of 3.9 cents per unit for its Income Opportunities Active ETF for the period ending 31 January 2025, outlining key dates for investors.

Pinnacle has announced a teleconference on 5 February 2025 where its senior executives will discuss the half year FY2025 financial results and engage with investors and analysts.

Singular Health has secured a pivotal MoU with Miami-based Provider Network Solutions and raised $3.7 million to propel its 3Dicom software towards a US commercial pilot, supported by the appointment of esteemed radiologist Dr. Ronny Low.