Latest United States News

Bubs Australia has expanded its US footprint to more than 12,000 stores after securing permanent FDA authorisation, but quarterly revenue fell 9.8% and operating cash outflow increased. The company ended September with A$13.4 million of available liquidity, equivalent to 2.2 quarters at the reported cash-burn rate.

Titomic has strengthened its balance sheet with A$16.5 million in new equity and approval for a further US$10.3 million EXIM loan, while reporting more than A$11.8 million in orders since September. The progress comes with a sharper funding test: quarter-end cash was A$18.1 million after a A$10.4 million operating outflow, and the EXIM facility remains undrawn.

Control Bionics has begun converting its expanded product and regulatory pipeline into revenue, while a completed $9.75 million capital raising gives the company a larger cash buffer. The next test is whether partner-led sales and NeuroStrip trial conversions can reduce its cash burn as planned.

Everest Metals has built Mt Dimer’s ROM stockpile to more than 142,000 tonnes while advancing toll processing, a Revere development study and a strategic review of its Mt Edon rubidium project. The company ended September with A$4.1 million in cash, leaving execution and funding as the next tests.

Ragusa Minerals has identified 14 priority drill targets at its Black Rock manganese prospect in Arizona, opening the next stage of its maiden resource campaign. The exploration milestone arrives alongside a stark funding warning: the company held about A$65,000 in cash at quarter-end, equivalent to 0.38 quarters of funding at reported outflow rates.

GCM Corporation has shipped 18 VHD heat-sink products for customer evaluation, while preliminary LED testing recorded lower surface temperatures than aluminium comparators. The commercial progress comes with qualification taking longer than expected and A$4.2 million of cash supporting an estimated two quarters of funding.

Innovaero Technologies has reported a $5.917 million FY2026 loss as it prepares to scale OWL drone production after its ASX debut and $40 million capital raise. The annual report shows a better-funded business, but one still reliant on government contracts, certification and forecast production work.

Energy World has received US$60 million directly from Hallador Energy and secured a further US$265 million in escrow after delivering two gas turbines. The remaining payments depend on inspection, refurbishment and completion milestones expected by February 2027.

PainChek is concentrating its commercial effort on residential aged care after signing new US and UK business, including an 808-licence Sabra expansion and an approximately 1,800-licence Hallmark contract. Revenue and retention improved, but activated ARR growth slowed to 1.2% for the quarter and cash covered an estimated 2.5 quarters of historical operating outflows.

Hastings Technology Metals has completed its 49% acquisition of a Thai hydrometallurgical plant, with upgrades targeting 12,000 tonnes per annum of Mixed Rare Earth Chloride output. The company now faces the harder test: commissioning the facility, securing customers and converting a contracted feedstock position into sales.

Thrive Tribe Technologies has made progress on its defence and veteran software ambitions, but ended September with just A$20,000 in cash after a A$573,000 operating outflow. Its proposed A$2 million placement remains uncommitted and requires shareholder approval in November.

Avecho has resumed recruitment for the final cohort of its pivotal Phase III insomnia trial after an interim review supported continuing at the original 519-participant target. The biotechnology company is also pursuing international licensing while holding $5.3 million in cash.