ASX Tech Stocks: Stadium software player MSL Solutions (ASX:MSL) jumps 12.5% backed by impressive partnerships
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Sports and hospitality software provider MSL Solutions (ASX:MSL) leads the ASX tech stocks today, up 12.5% off the back of its June quarterly.
The company basically helps stadium operators manage workforces and see analytics in real time and it looks like its services are in demand – with major contract wins over the quarter including the Doshii Partnership, ASM Global UK and with RAC Arena Perth.
Plus, after the quarters’ end MSL signed a three-year contract with Manchester City FC owner, City Football Group, to deploy POS solutions across two stadiums in Manchester.
“Our fourth quarterly operational cash surplus, which we delivered without any material government subsidies, reflects the firm footing that MSL has established as we enter a period of technology investment among venue operators rising at a rapid pace,” CEO Pat Howard said.
Sensera (ASX:SE1) +10.26%
MEMS (micro-electromechanical systems) producer jumped 10.26% today off the back off a strong quarterly highlighting revenue of US$633,000 and cash receipts of US$807,000.
This was mainly because Abiomed – the company’s largest volume customer – increased its sensor demand which is expected to ramp up further next year.
Abiomed has indicated demand that is in excess of US$4 million for FY22 and has started placing orders to cover their near-term requirements.
Sensera reckons this demand increase comes from the new sensor product production ramps that are now available as part of the industry leading Impella cardiac assist device.
The real-time software company was up 4.11% today after it announced an update from its architecture, engineering & construction (AEC) and real estate division – which it established in April after acquiring Blank Canvas.
The aim was to evolve the studio’s industry leading architectural visualisation offering beyond traditional 3D rendering services into transformative XR products and experiences.
While the increase in sales to customers in the sector wasn’t individually material, the company thinks its on the right track with plans to offer smartphone based virtual reality solutions down the track.
“We believe our VR solutions have the potential to deliver a significant increase in marketing and sales ROI for our developer clients, and we’re actively exploring new revenue models that reflect the value we can create,” Vection AEC and real estate division director and Blank Canvas general manager Paul Clayton said.
Imexhs (ASX:IME) +1.57%
The medical imaging tech provider was up a tiny 1.57% today after announcing the acquisition of Colombia-based radiology services provider RIMAB SAS (RIMAB) for A$8.5 million.
Chairman Doug Flynn said the acquisition allows the company to “continue its focus as a developer and provider of state-of-the-art cloud-based medical imaging technology throughout Latin America and the USA.”
Proptech Group (ASX:PTG) +0.68%
The acuqistion of Eagle Software (a real estate CRM) for $7.5 million did little for the company’s share price today – which only managed a 068% bump.
The company said the acquisition advances its objective to own, operate and invest in high-quality property technology businesses that primarily focus on the Australian, New Zealand and United Kingdom residential and commercial real estate markets.
It also increases PropTech’s market share from 31% to 38% in the Australian and New Zealand (ANZ) real estate CRM market.
Visioneeing Technologies (ASX:VTI) unchanged
The company’s share price was unchanged today – even after announcing a distribution partnership with Adelaide’s Innovatus Technology.
VTI will be the exclusive sales and distribution partner in the United States and Canada for Forge Ortho-K lenses and Bespoke corneal gas permeable contact lenses, both of which are ordered using Innovatus’ EyeSpace software system.
Archtis (ASX:AR9) -1.43%
The company dropped slightly by 1.43% today even after successfully merging with Nucleus Cyber.
“The overall market fit, increase in new customers and partners, retention of existing customers, and the added experience of the Nucleus Cyber executive team has helped archTIS towards becoming the leading cybersecurity software development firm on the ASX,” managing director Daniel Lai said.
Announcing it had secured a patent for its Sterilized packaging system for catheter invention wasn’t enough to bump up Anteris today – instead the company dropped 3.75%
The company said that having a specialized, proprietary sterilization system for its products enhances the intellectual property barrier around key technologies, in particular, for its ComASURTM Transfemoral Delivery System – and maintains product sterile status in the delivery chain from manufacturing point to surgical theatre.
The biggest loser today was Digital Wine Ventures down 6.10%
The company advised that its WINEDEPOT platform – which is designed to streamline distribution – generated total revenue of $1.02 million in the quarter.
That’s 33% higher than last quarter, and up 274% from the prior year comparative period.
“The evolution of the wine distribution model in Australia is long overdue,” CEO Dean Taylor said.
“Technology has brought vast changes in the way we produce wine and sell to consumers, but in the middle, supply chains and wholesaling are still plagued by inefficiency.”