Latest news with #HarvestTechnologyGroup
The Australian
04-08-2025
- Business
- The Australian
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.
Herald Sun
31-07-2025
- Business
- Herald Sun
Harvest Tech posts 135% revenue growth
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 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
Yahoo
02-03-2025
- Business
- Yahoo
Harvest Technology Group First Half 2025 Earnings: AU$0.004 loss per share (vs AU$0.003 loss in 1H 2024)
Revenue: AU$3.03m (down 2.1% from 1H 2024). Net loss: AU$3.36m (loss widened by 90% from 1H 2024). AU$0.004 loss per share (further deteriorated from AU$0.003 loss in 1H 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Harvest Technology Group shares are down 5.9% from a week ago. Be aware that Harvest Technology Group is showing 6 warning signs in our investment analysis and 4 of those are significant... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
