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ASX Tech Stocks: Streamplay Studio sees solid revenue for Jan from new Pacific division
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- Streamplay reports $200k+ revenue in January from new Pacific division
- Acusensus to provide speed camera tech to rural Queensland
- Felix nabbs software deal with Laing O’Rourke Australia
Gaming, music and eSports player Streamplay Studio (ASX:SP8) says the first month of trading of its new Pacific division has generated over $200,000 revenue in January across its three key markets: Papua New Guinea, Solomon Islands and (combined) American Samoa and Tonga.
Revenue growth was observed in the Solomon Islands with 20% month-on-month increase, and Papua New Guinea generated nearly $70,000 revenue from four subscription products.
The division saw around 300,000 subscribers to various product subscriptions, including the popular mJams music streaming app for local music and content creators.
The plan now is to begin “cross pollination” of all products within the group of companies (the ‘Streamplay Group’) with Streamplay’s ArcadeX casual gaming platform to be launched next quarter in the Pacific Island markets branded as ‘mGames’.
“The company’s existing products in the Pacific continue to be well received by users,” Streamplay Pacific CEO Todd Emmanuelli said.
“mJams music in particular has become a favourite among subscribers, with its wide selection of local indigenous music and video content that can be streamed on demand. Added to this suite is the new iteration of mGames which will help drive growth.”
The company expects to bank ~50% of topline revenue after revenue shares with Mobile Network Operators (MNOs) partners.
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The AI road safety company has scored a five-plus year, $11.7 million contract with the Queensland Department of Transport and Main Roads to supply speed enforcement across the state using trailer-based road safety speed camera services using the Acusensus Harmony solution.
The solution has been in use in New South Wales since July 2021 under the NSW Government’s mobile speed enforcement camera program, and will have to separately undergo a Queensland testing and approval process before it can be deployed for enforcement action in Queensland.
The solutions will be deployed and maintained by ACE from regional bases located throughout the state.
The Software-as-a-Service (SaaS) company has signed a three-year deal with engineering and construction company Laing O’Rourke Australia, for Felix’s full suite of modules and an API licence, which will generate base annual recurring licence fees of $249,000 – representing 8% of the company’s Q2 FY23 contracted contractor Annual Recurring Revenue (ARR).
This follows the recent recent enterprise deal with BMD Group and separate agreement signed in Q2 FY23 with the Nexus Consortium ($89,000 ARR), led by Laing O’Rourke, for the use of Felix’s platform on part of Victoria’s multi-billion dollar North East Link Project.
“This contract provides further validation from another Tier 1 contractor as Felix continues to execute on its contractor-led growth strategy,” the company says.
The contract includes provisions for additional licence tiers as usage uptake increases, providing scope for considerable increases in ARR.
The company has raised $10 million via a placement at $0.30 per share and is undertaking a share purchase plan to raise a further $3 million to bring its post transaction pro forma cash balance to around $27.2 million – with the goal of funding the build-up of inventory in response to recent and anticipated contract wins and the scaling of engineering, manufacturing and sales teams.
“This capital raise enables DroneShield to take full advantage of opportunities for rapid growth, following our two record $11 million sales announced in December 2022 and January 2023, as the market demand for counterdrone equipment is rapidly heating up around the world,” CEO Oleg Vornik said.
“This is underpinned by rising defence and security budgets and an increasing role of drone technology in armed conflicts, terrorism and other nefarious applications.”
ACE, FLX and DRO share prices today:
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