Picture: Getty Images
Tech
‘Tis the season of H1 FY23 reports and today’s announcement from Software-as-a-Service (SaaS) player Activeport (ASX:ATV) flagged a tidy 96.9% bump in group revenue to $9.2 million.
The company makes its money by licensing its software to customers that use it to orchestrate their networks and connect their customers to the cloud on one single screen – regardless of vendor.
Gross profit rose 166.8% in the half year to $3.8 million, with its software deployed to 12 telecomms customers across 11 countries.
“The results continue to validate the unique cloud and network orchestration offering, with growing global market demand,” ATV said.
The company expects to see more growth over the remainder of the financial year, and has already started several projects to develop operational capabilities both onshore and off, and has expansion plans for Africa, Middle East, South-East Asia and India.
The additive manufacturing company has received a purchase order from Boeing Space, Intelligence, and Weapons Systems for $132,174 for the continuation of flight qualifications of its Kinetic Fusion manufactured components, which were initiated in 2021.
Even though it’s not a lot of dough, MD Herbert Koeck says it’s a “significant milestone” for the company and “affirms the exceptional work our team has been doing”.
“We are honoured to continue collaborating with Boeing in developing advanced manufacturing applications for aerospace components using our Titomic Kinetic Fusion technology,” he said.
“It is a strong testament to the success we’ve achieved in our testing and development, bringing us one step closer to commercialising our technology on a larger scale.”
Another company in the additive manufacturing space, A3D, has kicked off manufacturing ad testing of its AL250 commercial laser powder bed fusion printer – and plans to formally launch it to target industry peers in the coming months.
The printer’s material paramaters have been optimised for low power and 1500W printing to deliver printed marteial quality compliant with industrial and aerospace standards – with those sectors the company’s main marketing focus.
“We are really excited by the strength of our initial commercial printer offering, the Al250, and the incorporation of distinctive features to progress high productivity printing for industrial, defence and research customers,” CEO Peter Snowsill said.
The company is also expanding engagement across Australian universities to open up industry-based research opportunities to strengthen the domestic AM sector.
BLG president Jim Haden has moved to the top job of CEO, after being “instrumental in transforming BluGlass from our R&D origins into a commercial provider of GaN lasers,” chair James Walker said.
“Our technical and commercial progress since his appointment cannot be overstated.
“We are now a genuine player in a fast-growing market with very few competitors and high barriers to entry.”
Walker said customer feedback on the company’s newly launched laser products have reaffirmed they have the right team and strategy in place.
“As CEO, Jim will have greater operational control across our three production facilities in Sydney, Silicon Valley, and Nashua and will be responsible for the continued transition to revenue generation and sustainability,” he said.
Tech
Tech
Tech
Get the latest Stockhead news delivered free to your inbox.
