How these technology stocks fared in September

Highlights

• The fast-growing technology sector delivered AU$167 billion for the Australian economy in 2020–21.
• During the half year ended 30 June 2022, Pivotal Systems registered a surge of 453% in EBITDA.
• HitiQ has been selected to offer concussion management technology on an exclusive basis in the Rugby League World Cup this year.

Technology sector is one of the fastest growing sectors of the world. It has simplified the lives of human beings in multiple aspects and has become one of the indispensables of a normal routine. In Australia too, the tech space has emerged as one of the largest industries. However, the sector still holds a vast growth potential.

According to data from the Australian Trade and Investment Commission, the tech sector delivered AU$167 billion for the Australian economy in 2020–21, making it the third largest provider for the year behind mining and finance.

On that note, we at Kalkine Media® will discuss some of the ASX-listed stocks from the technology sector and their recent updates.

icetana Limited (ASX:ICE)

icetana has gained almost 41.7% in September. The ASX-listed global software company suffered a net loss of AU$3.23 million during FY22.

It is a global SaaS software company offering video analytics technology suing which unforeseen behaviour and abnormal occurrences can be recognised for wide-scale surveillance networks in real time. It is done by integrating the company's software with video management systems and IP cameras.

Rewardle Holdings Ltd (ASX:RXH)

The digital customer engagement company's stock value has gained nearly 36.4% in September. The company's revenue from ordinary activities went up by around 261.3% in the financial year ended 30 June 2022. The company suffered a loss for the consolidated entity after providing for income tax amounted to AU$41,531. As per the company, now it will focus on the growth of merchant services revenue and the launch of new features in the Rewardle app for members that support the generation of additional, high-margin revenue.

Peppermint Innovation Ltd (ASX:PIL)

Peppermint Innovation is an ASX-listed fintech company. Recently, the company signed an exclusive agreement with Visa. The five years agreement will enable Peppermint to substantially grow its digital financial offering around the globe. Initially, the company will focus on major markets of Australia, the Philippines, and Singapore.

Shares of Peppermint Innovation have gained nearly 18.2% in September.

RemSense Technologies Ltd (ASX:REM)

RemSense Technologies recently published its annual report for FY22. Following are the highlights:

• Signed major agreements with global partners, including IBM and SAP
• Established collaboration agreement with Collaboration IP
• Completed first Chevron site
• Signed memorandum of understanding with Qteq

Stock value of the technology solutions company was up by about 13.8% in September.

Security Matters Ltd (ASX:SMX)

During the half year ended 30 June 2022, Security Matters reported a 92% increment in invoices issued compared to H1 2022. In July 2022, the company entered an agreement with  Lionheart III Corp according to which it will list on NASDAQ. The company joined NextCycle Michigan and extended its footprint in North America.

Shares of Security Matters gained almost 12.5% in September.

Gratifii Ltd (ASX:GTI)

During the financial year 2022, Gratifii reported an increment of 263% in operating revenue. The company’s core product, Mosaic platform (SaaS), revenue surged by 8.9%. Similarly, the gross profit of the company surged by 28.1%. During the reporting period, the company has invested in developing additional SaaS modules for the Mosaic platform.

The stock value of the customer enterprise management platform company rose by around 11.1% in September.

Pivotal Systems Corp (ASX:PVS)

Pivotal Systems is involved in the global business of gas flow control. The company has patented technology enabling next-generation semiconductor devices.

During the half year ended 30 June 2022, the company’s EBITDA surged by 453%, new orders increased by 9.1%, and customers increased by 10.5%. The company is anticipating an increment in shipments in the second half of the financial year.

The stock value of Pivotal Systems expanded by about 9.6% in September.

Intelicare Holdings Ltd (ASX:ICR)

Intelicare is an ASX-listed firm offering predictive analytics hardware and software packages for use in the health industry and aged care sector. The company suffered a loss of about AU$3.9 million during FY22. The company's sales revenue surged this year due to direct outbound business-to-business commercial sales in aged care and independent living sectors.

Share price of Intelicare has escalated by about 8.1% in September.

Spirit Technology Solutions Ltd (ASX:ST1)

Spirit specialises in providing IT services. Following are the key points for the performance of different business segments of the company for FY22.

• Collaboration and communication - 143% year-on-year (YoY) growth in Victorian sales expansion
• Cyber security - YoY growth of 34% (excl control periods)
• Managed services (IT&T) – Enhancement in customer profitability insights

The company’s share price rose by about 6.7% in September.

Adslot Ltd (ASX:ADS)

The share value of Adslot has remained unchanged in September. The company is steered by its mission to ease out premium media trading using technology and collaboration. Below are the major financial metrics of the company for FY22:

• 13% surge in total trading technology revenue
• 17% surge in license fee revenue
• 4% decline in trading fee revenue
• Successful launch of Adslot Media solution- Integrated Symphony.

Traffic Technologies Ltd (ASX:TTI)

Traffic Technologies specialises in products and services related to traffic. Earlier this month, the company received an order from Ausgrid for more than 10,000 next-generation streetlights. The order is a part of a smart lighting upgrade program across Australia and is valued at  AU$2.2 million.

Share price of Traffic Technologies has remained unchanged in September.

HitiQ Ltd (ASX:HIQ)

The stock value of the concussion management technology company has depreciated by nearly 3.5% in September.