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Technology
Tech Giants Clash Dow Jones Sues Perplexity AI Over Copyright Infringement
October 23, 2024 03:00 PM AEDT| By Team Kalkine MediaHighlights,Dow Jones, parent company of Wall Street Journal and New York Post, sues Perplexity AI for unauthorized content use.,Lawsuit accuses Perplexity of diverting traffic from news platforms through unlawful scraping.,AI content usage without co...
Microcap Chip Stock Adisyn Acknowledged in ASX Speeding Ticket Context
October 23, 2024 02:50 PM AEDT| By Team Kalkine MediaHighlights,Market Dynamics,: Adisyn attributes recent share price activity to excitement surrounding the microchip sector, particularly influenced by competitor Nanoveu's acquisition announcement.,Strategic Acquisition,: Adisyn plans to acquire 2D Ge...
WiseTech (ASX:WTC) Faces Challenges Amid Leadership Controversy
October 23, 2024 11:46 AM AEDT| By Team Kalkine MediaHighlights,WiseTech's,CEO controversy is causing concerns.,Potential leadership changes may,impact,growth.,Recent stock decline adds to uncertainty.,WiseTech Global (ASX:WTC) is currently facing increased scrutiny due to recent revelations surroundin...
Understanding PEXA Group's Price-to-Sales Ratio (ASX:PXA) and Its Impact
October 22, 2024 04:22 PM AEDT| By Team Kalkine MediaHighlights,PEXA Group Limited shows a higher P/S ratio compared to industry peers,.,Revenue growth outpaces other companies in the real estate sector,.,Future revenue estimates suggest continued strength for PEXA Group,.,In Australia’s real estate in...
WiseTech Shares Recover After Sharp Drop Amid Founder’s Share Sale
October 22, 2024 04:16 PM AEDT| By Team Kalkine MediaHighlights,WiseTech,shares rebound after earlier sharp decline,Founder’s share sale tied to personal divorce settlement,Initial drop followed by 4% recovery during the trading session,WiseTech Global (ASX:WTC) shares rebounded during Tuesday's tradin...
Audinate Shares Plunge After Underwhelming Quarterly Performance and Adjusted Outlook
October 22, 2024 03:13 PM AEDT| By Team Kalkine MediaKey Points,Audinate Group experienced an,11.7% drop,in its share price on 22 October 2024.,The company reported an unaudited quarterly gross profit of,US$7.2 million,(AU$10.6 million), falling short of expectations amid various operational challenges...
Praemium Reports Growth in Funds Under Administration and Positive Net Inflows for September Quarter
October 22, 2024 03:08 PM AEDT| By Team Kalkine MediaKey Points,Praemium's total funds under administration (FUA) reached,$59.4 billion,for the quarter ending September 30, 2024, marking a,33% increase,from $44.6 billion a year ago.,The company reported,$139 million,in net inflows for the quarter, a su...
Advanced Braking Technology Secures Global Distribution Agreement with RaptorTech for BrakeiQ System
October 22, 2024 03:06 PM AEDT| By Team Kalkine MediaKey Points,Advanced Braking Technology Ltd (ABT) has entered a significant global distribution agreement with RaptorTech Pty Ltd to distribute the innovative BrakeiQ auto braking system, enhancing safety in commercial vehicles.,BrakeiQ is designed fo...
Audinate Group Ltd (ASX: AD8) Faces Challenges in FY25 Q1 Trading Update
October 22, 2024 01:21 PM AEDT| By Team Kalkine MediaHighlights,Audinate,reports challenges in FY25 Q1, gross profit falls.,Softer demand and industry headwinds expected to persist into Q2 FY25.,Positive outlook for long-term growth despite current hurdles.,Audinate Group Ltd (ASX: AD8) has provided a...
Super Funds Reassess WiseTech Holdings Amid CEO Allegations
October 21, 2024 05:20 PM AEDT| By Team Kalkine MediaHighlights,Superannuation funds reconsider WiseTech Global holdings amid CEO allegations.,WiseTech shares dropped following CEO legal proceedings.,Ethical concerns prompt internal review by WiseTech’s board.,Australia’s largest superannuation funds a...
Chrysos Corporation (ASX:C79) expects EBITDA to double in FY25
October 21, 2024 04:38 PM AEDT| By Team Kalkine MediaHighlights,In FY24, C79’s EBITDA surged by 156% YoY to AUD 8.98 million; however, the company reported a net loss of AUD 0.7 million,C79 is expanding internationally, though indirect costs are becoming progressively incremental.,The company forecasts...
WiseTech Global Ltd (ASX: WTC) Shares Plunge 12% Amid Controversy
October 21, 2024 04:34 PM AEDT| By Team Kalkine MediaHighlights:,WiseTech shares drop 11.7% in early trading, extending losses to over 18% in a week.,Controversies surrounding CEO Richard White spark emergency board meetings.,The future of WiseTech remains uncertain as the board reviews recent allegati...
Bigtincan Records 9% Increase in Shares Amid Nasdaq Listing Plans
October 21, 2024 04:04 PM AEDT| By Team Kalkine MediaHighlights:,Bigtincan Holdings is set to merge with Investcorp AI Acquisition Corp, paving the way for a Nasdaq listing in early 2025.,Existing shareholders will retain approximately 75% ownership in the new entity, Bigtincan Limited.,The merger is a...
Richard White Reduces Stake in WiseTech Once Again
October 21, 2024 11:41 AM AEDT| By Team Kalkine MediaHighlights,Richard White continues to reduce his stake in,WiseTech,.,White sold over 350K shares between October 11 and October 17.,WiseTech,shares have seen a rise of more than 60% this year.,WiseTech Global Ltd (AX:WTC) has once again seen its bill...
WiseTech Global Reviews Allegations Involving CEO Richard White
October 21, 2024 11:29 AM AEDT| By Team Kalkine MediaHighlights,WiseTech,Global reviews allegations against,CEO,.,Richard White settles case involving millions.,Board,monitors,the situation closely.,The board of WiseTech Global (ASX:WTC) has initiated a review in response to allegations made against th...
AnteoTech Shares Surge Over 15% Following ASX Query Response and Key EV Order Announcement
October 18, 2024 05:07 PM AEDT| By Team Kalkine MediaHighlights,AnteoTech shares rose by over 15% following the announcement.,Mercedes-Benz Partnership - Confirmed as the buyer of AnteoTech’s Ultranode™ battery anode.,Ultranode™ Technology is designed to enhance EV battery performance, addressing the g...
Institutions and Individual Stakeholders of Tyro Payments Limited (ASX:TYR) Face 11% Value Loss
October 18, 2024 03:54 PM AEDT| By Team Kalkine MediaHighlights:,Individual investors hold a significant 55% stake in Tyro Payments, influencing management and strategic decisions.,Institutional investors own 29% of the company, indicating a level of confidence from financial institutions.,The top 25 s...
Nanoveu (ASX:NVU) Rises as AI Chip Testing Begins
October 18, 2024 02:55 PM AEDT| By Team Kalkine MediaHighlights,Nanoveu surges after starting AI chip testing.,Focus on benchmarks for person detection and image classification.,Potential applications include drones and smart home systems.,Nanoveu (ASX:NVU) has seen a notable rise in its stock price, c...
An Examination of XRO Shares as a Growth Candidate
October 17, 2024 03:39 PM AEDT| By Team Kalkine MediaHighlights:,Xero Ltd has experienced a significant share price increase of 32.6% since the start of 2024, reflecting strong market performance.,Washington H Soul Pattinson & Company Ltd is currently 4.1% away from its 52-week high, indicating sustain...
Netwealth Group Limited Under Increased Market Scrutiny
October 17, 2024 03:25 PM AEDT| By Team Kalkine MediaHighlights:,Netwealth Group Limited has a price-to-sales (P/S) ratio of 27x, significantly higher than the average for the Capital Markets industry in Australia, where many companies exhibit P/S ratios below 5.7x.,The company has experienced impressi...
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