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Technology
Oxford Metrics Strengthens Smart Manufacturing with Acquisition of The Sempre Group
October 11, 2024 11:01 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Acquisition,: Oxford Metrics acquires The Sempre Group for up to £5.5 million to enhance its smart manufacturing division.,Earnings Boost,: The acquisition is expected to be immediately earnings-enhancing for Oxford Metrics.,Exp...
Blackbird CEO Shares Insights on Innovate UK's Global Business Innovation Programme Selection
October 11, 2024 07:11 PM AEDT| By Team Kalkine MediaHighlights:,Blackbird PLC has been selected for Innovate UK's Creative Catalyst and AI Global Business Innovation Program (GBIP).,The company will showcase its elevate.io platform at the upcoming South by Southwest (SXSW) Conference in Austin, Texas....
Auction Technology Delivers Revenue of $174M Despite Market Challenges
October 10, 2024 08:39 PM AEDT| By Team Kalkine MediaKey Points:,ATG’s FY24 revenue is expected to reach $174 million, a 5% increase, with marketplace revenue up by 7%.,Adjusted EBITDA margin is projected to be between 45% and 46%, driven by cost management and phased expense allocation.,The company’s...
Auction Technology Group Experiences 11% Share Increase After Favorable Trading Update
October 10, 2024 08:04 PM AEDT| By Team Kalkine MediaHighlights:,Auction Technology Group PLC reported a strong year-end trading update, showcasing significant momentum and robust cash generation.,The company’s gross merchandise value (GMV) has shown marked improvement in the second half of the fiscal...
Seeing Machines Shares Insights on Automotive and Aftermarket Progress
October 10, 2024 07:59 PM AEDT| By Team Kalkine MediaHighlights:,Seeing Machines Ltd has secured over $390 million in awarded OEM programs, with significant revenue anticipated by 2028.,The company has more than 2.2 million vehicles equipped with its Driver Monitoring Systems (DMS) and is focused on ex...
Blackbird Selected as Participant in Innovate UK’s Global Business Innovation Programme
October 10, 2024 07:46 PM AEDT| By Team Kalkine MediaHighlights:,Blackbird PLC has been selected to participate in Innovate UK’s Global Business Innovation Programme (GBIP), aimed at fostering international growth for UK businesses.,The initiative includes a fully-funded trip to the South by Southwest...
Rosslyn Data Technologies shares have fallen in value after the announcement of a discounted fundraising campaign
October 09, 2024 09:45 PM AEDT| By Team Kalkine MediaHighlights:,Rosslyn Data Technologies PLC shares fell by 51% following a discounted stock offering announcement.,The company raised £1.64 million by issuing 32.7 million shares at a significant discount to the previous closing price.,Concerns over po...
Cirata Shares Q3 2024 Trading Update and Full-year Guidance
October 09, 2024 07:43 PM AEDT| By Team Kalkine MediaHighlights,Cirata reported Q3 2024 bookings of $1.7 million, keeping full-year guidance at $13-$15 million.,The company signed 16 contracts in Q3, including a significant $983,010 renewal for disaster recovery services.,Cirata aims for an annualized...
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CMC Markets Sees Strong Growth in H1 2025, Driven by Diversification and Cost Management
October 09, 2024 07:28 PM AEDT| By Team Kalkine MediaHighlights,CMC Markets expects a 45% increase in net operating income to approximately £180 million for H1 2025, driven by growth in its B2B segment and high client trading activity.,Operating costs are projected to decrease by about 7%, reflecting e...
1Spatial Secures Key Contract with U.S. Forest Service to Enhance Data Management
October 09, 2024 07:01 PM AEDT| By Team Kalkine MediaKey Points:,1Spatial secures a five-year, $1.4 million contract with the U.S. Forest Service (USFS), expected to generate $300,000 annually.,USFS manages 193 million acres of national forests and aims to improve data governance for informed decision-...
A positive outlook for DiscoverIE Group in relation to AI-driven innovation has been expressed by Deutsche Bank
October 08, 2024 09:48 PM AEDT| By Team Kalkine MediaHighlights:,discoverIE Group PLC poised to benefit from advances in technology, particularly Generative AI, as industrial automation grows.,Analysts at Deutsche Bank anticipate increased demand for bespoke electronics in industrial markets and other...
Senior Reports 5% Rise in Revenue in Nine Months Amidst Challenges in Aerospace Sector
October 08, 2024 06:40 PM AEDT| By Team Kalkine MediaKey Points:,Senior reported a 5% year-on-year increase in revenue for the nine months ending September 2024, driven by a 13% growth in aerospace revenue.,The Group faces temporary challenges in the commercial aerospace sector due to production issues...
Bidco Completes Acquisition of Darktrace in Court-Sanctioned Scheme of Arrangement
October 08, 2024 06:33 PM AEDT| By Team Kalkine MediaKey Points:,Bidco completed the acquisition of Darktrace via a Court-sanctioned scheme of arrangement.,Shareholders had the option to receive payment in GBP, with an exchange rate of $1.30925:£1.,The total GBP amount payable to electing shareholders...
Jefferies Downgrades Apple on Unrealistic iPhone Expectations and High Valuation
October 07, 2024 10:15 PM AEDT| By Team Kalkine MediaHighlights:,Jefferies Downgrades Apple,: Jefferies cuts Apple’s rating to 'hold' and reduces its price target to $212.92 due to concerns over unrealistic iPhone 16 and 17 expectations.,AI Technology Still Years Away,: True AI-enabled smartphones are...
$213M Maritime Surveillance Contract Boosts SRT Marine Shares
October 07, 2024 09:46 PM AEDT| By Team Kalkine MediaHighlights:,$213M Maritime Contract,: SRT Marine Systems secures a major $213M contract to deliver an integrated maritime surveillance system for a sovereign government.,Shares Surge,: The announcement led to a 33% surge in SRT’s stock, reflecting st...
Solid State PLC Secures $5.1 Million US Contracts for Defense Battery Packs
October 07, 2024 09:46 PM AEDT| By Team Kalkine MediaHighlights:,$5.1 Million US Contracts Secured,: Custom Power USA wins contracts to supply battery packs for maritime and aerial defense technologies in harsh environments.,Potential for Multi-Year Agreements,: The contracts may extend into long-term...
FD Technologies to Sell First Derivative Business for £230 Million
October 07, 2024 09:05 PM AEDT| By Team Kalkine MediaHighlights:,FD Technologies Sells First Derivative for £230 Million,: The company plans to focus on its AI-driven analytics platform, KX, after selling its consulting arm.,Debt Repayment and Shareholder Returns,: Proceeds will repay £20 million in ne...
FADEL Signs $0.4 Million Contract to Enhance Brand Compliance for Major Apparel Client
October 07, 2024 06:23 PM AEDT| By Team Kalkine MediaKey Points:,FADEL has secured a $0.4 million contract to provide brand compliance solutions to a major American apparel company.,The Brand Vision platform will automate the management of digital marketing assets, resulting in a projected 66% increase...
Revolut Calls on Meta to Share Fraud Costs Amid Surge in Scams
October 04, 2024 01:39 AM AEST| By Team Kalkine MediaHighlights:,Revolut calls on Meta Platforms to share reimbursement costs for fraud victims, as 62% of scams originate from its platforms.,The fintech criticizes a recent data-sharing initiative with UK banks, calling it insufficient in tackling fraud...
Nanoco Conducts Strategic Review to Enhance Growth and Shareholder Value
October 03, 2024 07:32 PM AEST| By Team Kalkine MediaHighlights:,The Board has appointed CDX Advisors LLC to assess whether the trading business would benefit from alternative ownership structures, including a potential sale.,To optimize financial performance, Nanoco is implementing cost-cutting measur...
AI on the Rise: A Look at Top AI Companies and Their Stocks