Latest Technology Companies News

REA Group announces CEO Owen Wilson will retire in the second half of 2025, concluding a decade marked by strong growth and innovation. The board has commenced a search for his successor to ensure a seamless leadership transition.

NoviqTech Limited has announced a non-renounceable pro-rata entitlement issue of new options aiming to raise approximately $251,000. Eligible shareholders can subscribe at a low issue price, with options exercisable over three years.

Xref Limited’s proposed acquisition by SEEK Limited failed to secure the necessary 75% shareholder approval, leading to the termination of the scheme and a renewed focus on independent growth.

Entyr Limited has received a $3.79 million R&D tax incentive payment for its innovative thermal desorption project targeting rubber waste, reinforcing its position in sustainable tyre recycling technology.

Calix Limited has successfully closed its Share Purchase Plan, raising $2.1 million to complement a prior $20 million institutional placement, strengthening its balance sheet to advance key environmental technology projects.

K-TIG Limited reports steady cash receipts and operational efficiencies while progressing a strategic acquisition and a significant capital raise to fuel growth.

X2M Connect reported a 51% revenue drop in Q2 FY25 as it shifts from hardware to SaaS, yet improved margins and EBITDA signal progress. Strategic partnerships in the Middle East and Taiwan offer promising growth avenues.

Echo IQ confirms the material significance of its pre-submission FDA meeting for EchoSolv HF, marking a pivotal step toward US market entry and commercialisation.

Zimi Limited has secured $2.495 million through a capital raising, appointed new board members, and initiated cost-saving measures exceeding $400,000 annually, while navigating a compliance issue affecting sales to a major distributor.

Uscom Limited reports a 56% increase in cash on hand to $2.17 million for Q2 2024, driven by strategic moves in China and new product regulatory approvals.

Enlitic reported a robust 41.1% increase in quarterly revenue alongside the completion of its strategic acquisition of Laitek, positioning the company for operational cash flow break-even by the end of 2025.

archTIS Limited reported a 12% increase in annual recurring revenue to $4 million and achieved net positive cash flow from operations, while signing a binding term sheet to acquire Direktiv’s assets, signaling strategic growth in data-centric security.