Latest news with #Stockhead
The Australian
5 hours ago
- Business
- The Australian
Long Shortz: Audeara
Tylah Tully chats with Audeara (ASX:AUA) CEO Dr James Fielding after the company released a strong quarterly report. The company delivered a 38% increase in year-on-year growth in cash receipts, driven by growing Australian wholesale momentum and strategic tech partnerships. Looking ahead, Audeara plans to build on its product offerings and launch a major medical device initiative into China. Watch the video to learn more. This video was developed in collaboration with Audeara, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
Mercury
7 hours ago
- Business
- Mercury
X2M Connect is wiring Asia's smart cities and it's only getting started
AI boom puts X2M Connect at heart of Asia's smart cities From solar farms to safety alarms, this Aussie tech is everywhere The company is scaling fast across the region Smart cities are no longer futuristic puzzles, they're being built in real time across Asia. From Seoul's live 3D model of the city to India's purpose-built GIFT City, the region is racing to stitch data into the fabric of daily life. And with investment surging and AI stepping in as the city's co-pilot, urban living is getting a full-blown tech makeover. Into this rapidly evolving ecosystem steps X2M Connect (ASX:X2M). If you haven't heard of it, you're not alone. But this Aussie outfit has quietly become the digital spine behind some of Asia's smartest cities. X2M owns a patented software platform that connects almost any device – old or new – to the internet, collects data and sends instructions back, often without needing a human to step in. 'Our business is data aggregation, data management and data distribution,' CEO Mohan Jesudason explained to Stockhead. 'We can collect data from any device – analogue, digital, smart, dumb. We see ourselves as a software platform that is a key enabler of artificial intelligence." He adds that smart devices can be connected quickly, while older ones can be retrofitted with a chip to send and receive data, making nearly any machine controllable through X2M's platform. And that's exactly what it's doing today across half a million devices and counting in South Korea, Japan, Taiwan and the UAE. From utilities to AI X2M's platform started in water and gas, replacing manual meter reading with real-time digital data. In cities like Gochang, South Korea, it helped detect leaks, improve billing and even uncovered more than 200 welfare cases where residents had stopped using water. In Japan, it's used to predict when bottled gas will run out, cutting truck trips and slashing supplier costs by nearly 20%. But while the early focus was utilities, the ambition was always bigger. Today, that same platform powers solar forecasting, smart city systems and emergency response. In June, for example, X2M signed a $3 million deal to roll out 100,000 'Help Me' safety devices across Seoul, linking directly to police and CCTV in real time. 'It gives the police your exact location, and directs all the public CCTV cameras to you, so that they can track you to help,' said Jesudason. The project could scale to 1 million units, he said, showing X2M's platform was now critical infrastructure. Jesudason breaks the AI value chain into three layers: engines, data aggregation and management. 'In that data collection space, there are lots of hidden gems. That's an undiscovered, in my view, valuable layer.' And that is exactly where X2M is staking its ground. Solar, smarter One of X2M's biggest growth areas is renewable energy. Through its platform, built in partnership with UAE-based Sirius Digitech, X2M provides data that helps solar operators forecast demand, detect faults and boost efficiency. In Taiwan, delivers forecasts in 15-minute intervals for up to 30 days with better than 90% accuracy (according to the company's data). And when you're managing a solar farm with 100,000 panels, that level of insight is crucial. 'You might have a few thousand panels that are not working or that are about to stop working. And our AI engines can tell you that these panels are not working,' said Jesudason. The platform helps lift earnings by up to 10%, cut costs and improve decision-making. 'We are the provider of data for artificial intelligence applications in the renewable energy space,' Jesudason said. Fast to deploy, easy to scale According to Jesudason, X2M can also deploy its solution in a new market in a matter of days, thanks to its microengine and network-agnostic design. 'For instance, we've integrated into a large Indian company in under seven days, and we don't need any capex to scale up," he said. India's massive 250-million-meter digitisation program is indeed a clear target for the company. 'We will move into the Indian market in the foreseeable future.' So is the UAE, where X2M's partner Dicode has already secured two commercial contracts. The company also expects Australia and the US to open up within 12-18 months. And once X2M's platform is in, it tends to stick. Switching away is expensive and in many regions, the platform is already listed on official government websites. What the market doesn't see, yet… X2M is now entering what it calls 'Horizon Three", a transformation phase focused on scaling and hitting profitability. Horizon One was about building and validating the platform. Horizon Two was expansion, getting enterprise and government customers onto the system and locking them in. 'Horizon Three is, how do you scale this business up? How do you take it to profitability? How do you end up with a share price that's many times what it is today?' Jesudason said. He says X2M will become profitable when revenue hits $15–16 million, and from there, it's highly scalable. 'Once you get past that 15, 16 million dollar hump, then you tend to grow your earnings exponentially. And it's a business that spits out a lot of cash.' 'But I think right now, investors haven't got their heads around the value that's going to accrue to companies that can capture and manage and distribute data quickly, efficiently and cheaply." The proverbial penny, he believes, will eventually drop that there is a lot of value to be had in this space. At Stockhead we tell it like it is. While X2M Connect is a Stockhead advertiser, it did not sponsor this article. This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decision. Originally published as X2M Connect is wiring Asia's smart cities and it's only getting started
Courier-Mail
13 hours ago
- Business
- Courier-Mail
ASX lifts as energy sector leads gains
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Cheery start to the morning The ASX has started the day off with a quiet but positive open, dipping slightly at first before moving into positive territory. At the time of writing, we're up 0.17% in the first hour of trade. Energy is leading gains (+0.74%) alongside healthcare, consumer discretionary, staples and financials. Oil prices jumped 3.5% overnight to US$72.51 a barrel of brent as US President Trump threatened Russia with fresh sanctions should they fail to negotiate a ceasefire with Ukraine. Gold also ticked up 0.4% to US$3324 an ounce and iron ore appreciated 0.3% to US$98.98 a tonne as markets anticipated more thawing in US-China relations ahead of the next round of trade talks. Back on the ASX, the top 7 banks index is providing some support (+0.32%), while the ASX 200 Resources (-0.07%) and All Ords Gold (-0.03%) indices hover in vaguely negative territory and the All Tech retreats -0.76%. WINNERS Code Name Last % Change Volume Market Cap MX1 Micro-X Limited 0.084 35% 668310 $41,366,540 SFG Seafarms Group Ltd 0.002 33% 583466 $7,254,899 SP3 Specturltd 0.016 33% 3536664 $3,802,801 BSA BSA Limited 0.12 33% 4432767 $6,777,023 ECT Env Clean Tech Ltd. 0.0025 25% 4252072 $8,030,871 MOH Moho Resources 0.005 25% 880329 $2,981,656 PIM Pinnacleminerals 0.048 20% 298948 $1,818,533 H2G Greenhy2 Limited 0.019 19% 110000 $11,006,589 IPB IPB Petroleum Ltd 0.007 17% 11020 $4,238,418 M4M Macro Metals Limited 0.007 17% 325588 $23,864,505 In the news... Cold cathode x-ray technology specialist Micro-X (ASX:MX1) has tapped into a nationwide network of 700 hospitals, surgical centres and outpatient facilities with a new supply agreement through a major US healthcare provider, the first of its kind for the company. MX1 will provide its Rover Plus mobile radiology system to interested facilities over an initial agreement period of three years. The company is in discussions with a second major procurement group for a similar supply agreement. Remote surveillance company Spectur (ASX:SP3) increased both total revenue (+10%) and recurring revenue (+20%) year-on-year, bringing in positive operating cash flow of $263k for the financial year. SP3 has been aggressively restructuring in recent months, reducing staff costs from $970k in the third quarter to $715k in the fourth. The company also ramped up R&D spending in a move to upgrade cloud infrastructure and software systems. Pinnacle Minerals (ASX:PIM) is climbing despite launching a $1.76m share placement at $0.04 per share, a more than 25% discount on its intraday trading price of $0.054 a share. PIM is also offering a free attaching option at $0.08 each for every two shares subscribed for. The fresh capital will go to exploration programs at the Adina East project in Quebec next door to several significant lithium projects and Pinnacle's rare earth and heavy mineral sands projects in Australia. LAGGARDS Code Name Last % Change Volume Market Cap SCP Scalare Partners 0.14 -22% 15500 $7,530,304 CZN Corazon Ltd 0.002 -20% 4000000 $2,961,431 JAV Javelin Minerals Ltd 0.002 -20% 3415417 $15,630,562 AMS Atomos 0.005 -17% 31450 $7,290,111 SHE Stonehorse Energy Lt 0.005 -17% 100000 $4,106,610 ENT Enterprise Metals 0.003 -14% 150 $4,799,610 GTR Gti Energy Ltd 0.003 -14% 2271683 $13,029,292 M2R Miramar 0.0035 -13% 242500 $3,987,293 FHS Freehill Mining Ltd. 0.004 -11% 690000 $15,362,341 MPR Mpower Group Limited 0.008 -11% 43068 $3,093,330 This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Top 10 at 11: ASX positive after muted open as Micro-X nets first major US supply deal
News.com.au
15 hours ago
- Business
- News.com.au
Top 10 at 11: ASX positive after muted open as Micro-X nets first major US supply deal
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Cheery start to the morning The ASX has started the day off with a quiet but positive open, dipping slightly at first before moving into positive territory. At the time of writing, we're up 0.17% in the first hour of trade. Energy is leading gains (+0.74%) alongside healthcare, consumer discretionary, staples and financials. Oil prices jumped 3.5% overnight to US$72.51 a barrel of brent as US President Trump threatened Russia with fresh sanctions should they fail to negotiate a ceasefire with Ukraine. Gold also ticked up 0.4% to US$3324 an ounce and iron ore appreciated 0.3% to US$98.98 a tonne as markets anticipated more thawing in US-China relations ahead of the next round of trade talks. Back on the ASX, the top 7 banks index is providing some support (+0.32%), while the ASX 200 Resources (-0.07%) and All Ords Gold (-0.03%) indices hover in vaguely negative territory and the All Tech retreats -0.76%. WINNERS Code Name Last % Change Volume Market Cap MX1 Micro-X Limited 0.084 35% 668310 $41,366,540 SFG Seafarms Group Ltd 0.002 33% 583466 $7,254,899 SP3 Specturltd 0.016 33% 3536664 $3,802,801 BSA BSA Limited 0.12 33% 4432767 $6,777,023 ECT Env Clean Tech Ltd. 0.0025 25% 4252072 $8,030,871 MOH Moho Resources 0.005 25% 880329 $2,981,656 PIM Pinnacleminerals 0.048 20% 298948 $1,818,533 H2G Greenhy2 Limited 0.019 19% 110000 $11,006,589 IPB IPB Petroleum Ltd 0.007 17% 11020 $4,238,418 M4M Macro Metals Limited 0.007 17% 325588 $23,864,505 In the news... Cold cathode x-ray technology specialist Micro-X (ASX:MX1) has tapped into a nationwide network of 700 hospitals, surgical centres and outpatient facilities with a new supply agreement through a major US healthcare provider, the first of its kind for the company. MX1 will provide its Rover Plus mobile radiology system to interested facilities over an initial agreement period of three years. The company is in discussions with a second major procurement group for a similar supply agreement. Remote surveillance company Spectur (ASX:SP3) increased both total revenue (+10%) and recurring revenue (+20%) year-on-year, bringing in positive operating cash flow of $263k for the financial year. SP3 has been aggressively restructuring in recent months, reducing staff costs from $970k in the third quarter to $715k in the fourth. The company also ramped up R&D spending in a move to upgrade cloud infrastructure and software systems. Pinnacle Minerals (ASX:PIM) is climbing despite launching a $1.76m share placement at $0.04 per share, a more than 25% discount on its intraday trading price of $0.054 a share. PIM is also offering a free attaching option at $0.08 each for every two shares subscribed for. The fresh capital will go to exploration programs at the Adina East project in Quebec next door to several significant lithium projects and Pinnacle's rare earth and heavy mineral sands projects in Australia. LAGGARDS Code Name Last % Change Volume Market Cap SCP Scalare Partners 0.14 -22% 15500 $7,530,304 CZN Corazon Ltd 0.002 -20% 4000000 $2,961,431 JAV Javelin Minerals Ltd 0.002 -20% 3415417 $15,630,562 AMS Atomos 0.005 -17% 31450 $7,290,111 SHE Stonehorse Energy Lt 0.005 -17% 100000 $4,106,610 ENT Enterprise Metals 0.003 -14% 150 $4,799,610 GTR Gti Energy Ltd 0.003 -14% 2271683 $13,029,292 M2R Miramar 0.0035 -13% 242500 $3,987,293 FHS Freehill Mining Ltd. 0.004 -11% 690000 $15,362,341
Mercury
15 hours ago
- Business
- Mercury
ASX lifts as energy sector leads gains
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Cheery start to the morning The ASX has started the day off with a quiet but positive open, dipping slightly at first before moving into positive territory. At the time of writing, we're up 0.17% in the first hour of trade. Energy is leading gains (+0.74%) alongside healthcare, consumer discretionary, staples and financials. Oil prices jumped 3.5% overnight to US$72.51 a barrel of brent as US President Trump threatened Russia with fresh sanctions should they fail to negotiate a ceasefire with Ukraine. Gold also ticked up 0.4% to US$3324 an ounce and iron ore appreciated 0.3% to US$98.98 a tonne as markets anticipated more thawing in US-China relations ahead of the next round of trade talks. Back on the ASX, the top 7 banks index is providing some support (+0.32%), while the ASX 200 Resources (-0.07%) and All Ords Gold (-0.03%) indices hover in vaguely negative territory and the All Tech retreats -0.76%. WINNERS Code Name Last % Change Volume Market Cap MX1 Micro-X Limited 0.084 35% 668310 $41,366,540 SFG Seafarms Group Ltd 0.002 33% 583466 $7,254,899 SP3 Specturltd 0.016 33% 3536664 $3,802,801 BSA BSA Limited 0.12 33% 4432767 $6,777,023 ECT Env Clean Tech Ltd. 0.0025 25% 4252072 $8,030,871 MOH Moho Resources 0.005 25% 880329 $2,981,656 PIM Pinnacleminerals 0.048 20% 298948 $1,818,533 H2G Greenhy2 Limited 0.019 19% 110000 $11,006,589 IPB IPB Petroleum Ltd 0.007 17% 11020 $4,238,418 M4M Macro Metals Limited 0.007 17% 325588 $23,864,505 In the news... Cold cathode x-ray technology specialist Micro-X (ASX:MX1) has tapped into a nationwide network of 700 hospitals, surgical centres and outpatient facilities with a new supply agreement through a major US healthcare provider, the first of its kind for the company. MX1 will provide its Rover Plus mobile radiology system to interested facilities over an initial agreement period of three years. The company is in discussions with a second major procurement group for a similar supply agreement. Remote surveillance company Spectur (ASX:SP3) increased both total revenue (+10%) and recurring revenue (+20%) year-on-year, bringing in positive operating cash flow of $263k for the financial year. SP3 has been aggressively restructuring in recent months, reducing staff costs from $970k in the third quarter to $715k in the fourth. The company also ramped up R&D spending in a move to upgrade cloud infrastructure and software systems. Pinnacle Minerals (ASX:PIM) is climbing despite launching a $1.76m share placement at $0.04 per share, a more than 25% discount on its intraday trading price of $0.054 a share. PIM is also offering a free attaching option at $0.08 each for every two shares subscribed for. The fresh capital will go to exploration programs at the Adina East project in Quebec next door to several significant lithium projects and Pinnacle's rare earth and heavy mineral sands projects in Australia. LAGGARDS Code Name Last % Change Volume Market Cap SCP Scalare Partners 0.14 -22% 15500 $7,530,304 CZN Corazon Ltd 0.002 -20% 4000000 $2,961,431 JAV Javelin Minerals Ltd 0.002 -20% 3415417 $15,630,562 AMS Atomos 0.005 -17% 31450 $7,290,111 SHE Stonehorse Energy Lt 0.005 -17% 100000 $4,106,610 ENT Enterprise Metals 0.003 -14% 150 $4,799,610 GTR Gti Energy Ltd 0.003 -14% 2271683 $13,029,292 M2R Miramar 0.0035 -13% 242500 $3,987,293 FHS Freehill Mining Ltd. 0.004 -11% 690000 $15,362,341 MPR Mpower Group Limited 0.008 -11% 43068 $3,093,330 This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Top 10 at 11: ASX positive after muted open as Micro-X nets first major US supply deal
