Harvest Tech posts 135% revenue growth
Harvest Technology Group records 135% YoY increase in quarterly revenue
Raises $970,000 through mix of debt and convertible note instruments
Dual lists on Frankfurt Stock Exchange to broaden investor base
Special Report: Harvest Technology Group has recorded a 135% YoY increase in quarterly revenue, reaching $1.1 million in Q4 FY25, with the company expecting to exceed $3.5 million in total revenue for the full year.
Cash receipts for remote communications tech-solutions provider Harvest Technology Group (ASX:HTG) for the June quarter came in at $631,000 with net cash inflows of $127,000.
Net operating cash outflows for the quarter totalled $662,000 including $570,000 in R&D, $205,000 in staff, $17,000 in sales and marketing, $371,000 in corporate and administration, $105,000 in interest and $25,000 in other costs.
HTG strengthened its balance sheet during the quarter, raising $970,000 (before costs) through a mix of debt and convertible note instruments including:
$450,000 in unsecured convertible notes launched on June 30;
$130,000 in secured convertible notes launched on June 27; and
$390,000 short-term loan from managing director.
After quarter end, HTG received a further $530,000 in funding in July through additional convertible notes and another loan from the managing director.
In June HTG said it was tracking one year ahead of its pathway-to-profit plan as it focused on achieving a positive EBITDA before July 2026.
As of June 30, HTG had $723,000 cash.
Listing on Frankfurt Stock Exchange
In a significant step toward expanding its international presence, HTG listed its shares on the open market segment of the Frankfurt Stock Exchange in April 2025.
The dual listing is expected to broaden the investor base and increase visibility across European capital markets, with the company already experiencing an increase in trading volumes across both exchanges.
In other key developments during the June quarter, HTG appointed Hugh Bickerstaff as sales and marketing director and strategic advisor.
Bickerstaff brings deep expertise in founding and scaling some of Australia's fastest-growing technology businesses and is an experienced mentor in the sector.
Start of Project Neon and new customer wins
HTG also started project Neon, an Edge AI-enabled solution aimed at improving real-time decision-making in remote environments.
The company secured new customer wins including two subsea services clients, with initial hardware sales and software subscriptions scheduled to begin in Q1 FY26.
Additionally, the company expanded deployments across an existing customer fleet, unlocking further hardware sales and an uplift in recurring revenue from software.
HTG continued engagement with a European defence customer via its Australian channel partner and began deploying its Nodestream technology across a new uncrewed surface vessel fleet in the Middle East.
Enhancements to Nodestream platform
In a major product milestone, HTG successfully integrated its Autopilot and Nodestream systems into a single, IP-rated enclosure.
The robust weatherproof design simplifies installation and reduces the equipment footprint for deployment on autonomous vehicles and maritime vessels.
The company also delivered significant improvements to its Nodestream platform during the quarter including a doubling of available data channels from 10 to 20, enabling more data-intensive operations.
Additionally, the user interface has been overhauled to provide a more intuitive and efficient user experience.
A comprehensive user permissions framework was introduced in Nodestream Live, improving access control and collaboration across distributed teams.
This article was developed in collaboration with Harvest Technology Group, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as Harvest Tech posts 135% quarterly revenue surge
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