ASX Tech Stocks: Xref jumps 16pc off banger September sales for its reference checking software
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Human resources tech company Xref Limited (ASX:XF1) jumped 16.3% off the back of its September quarter release today.
Unaudited results for the quarter show sales of $5.4 million, strong cash receipts at $5.8 million and revenue of $3.9 million.
Xref said the results are particularly strong considering that the first fiscal quarter is traditionally the company’s lowest sales period due to seasonal fluctuations in the Australian recruitment industry, following the financial year-end and the summer holiday season in the Northern hemisphere.
New sales opportunities grew by 104% and average deal size grew by 45% compared to the corresponding quarter in our 2021 financial year (Q1 FY21)
As a result, total new client acquisitions grew by 78% when compared to Q1 FY21.
New notable clients include The Arnotts Group, Fortescue Future Industries and Ozcare in Australia. Kiwibank in New Zealand, Maybourne Hotels and H&M Group in the UK, UEFA in Switzerland, The University of Pittsburgh in The United States and Home and Community Care services in Canada, Xref said.
Wat 2 Vat’s share price rose 7.3% today after it announced a partnership with international technology and software company Zoho to integrate its software solutions with Zoho Marketplace and Zoho Expense.
The partnership makes Way2VAT the only company offering a full end-to-end VAT (value-added tax or GST) reclaim solution for both the domestic and global SMB market.
The integration will be rolled out to 6,000 SMBs predominantly in UK and Europe and then offered to a further 24,000 SMBs in 50 countries.
Geospatial tech player Aerometrex jumped 6.34% today after selling a high resolution 3D model of San Francisco for A$250,000 to digital metaverse developer Terrestrial Software.
Lunaverse.io is a website which promotes Lunaverse, an implementation of a digital metaverse, a virtual digital world which is built on the Terra blockchain.
“We are really pleased to see our vision for our 3D modelling service in the USA being realised in the emergence of a new market with global potential,” managing director Mark Deuter said.
“We are now working hard to expand our city coverages to enable a wider offer of city environments to this new market.”
The company’s 3D modelling services are used by a wide variety of businesses including internet media, real estate, property development, engineering and construction, transport systems, virtual reality and augmented reality systems, security and event management.
They can even be used as a replacement for ground-surveyed measurement by engineers and town planners, allowing much faster and cheaper development of major projects – providing cost-effective, safer and a more comprehensive alternative to traditional ground surveying.
DigitalX rose 5.9% today after commencing trading on the OTCQB market in the United States.
DCC said upgrading from the Pink Market to the OTCQB offers the company the opportunity to further build visibility, expand liquidity and diversify its shareholder base in the US -which has shown a deep understanding of blockchain and blockchain related companies.
It noted that companies such as Coinbase (NASDAQ: COIN), Marathon Digital (NASDAQ:MARA), Riot Blockchain (NASDAQ:RIOT) and Microstrategy (NASDAQ: MSTR) have all completed significant raisings during the last twelve months to further advance their blockchain related business or to acquire digital assets on balance sheet.
Harvest rose 2.23% today after rebranding its wholly owned US software-as-a-service subsidiary as Opsivity Inc.
Opsivity is designed to run on the full range of devices that field technicians already use in industries like oil and gas, utilities, offshore marine, transport and logistics, telecommunications and repair services.
It will provide operational support including:
Software company Nuix dipped 1.17% after it announced it had appointed two non-executive directors to its board in Jacqueline Korhonen and Robert Mactier.
Nuix independent chair, the Hon. Jeff Bleich said Korhonen and Mactier are “outstanding individuals who will make great contributions.
“Their respective careers and experiences are highly complementary to existing Directors, deepening and building capabilities and insights in key areas including corporate strategy and transformations, risk management and governance, and data and technology,” he said.
Archer’s share price also dropped 4.9% today. The company announced the board appointment of Bernadette Harkin as a non-executive director.
“Bernadette’s international experience in directing global technology organisations and client-facing leadership roles in the US, Europe and Asia, will be valuable as the company considers opportunities to pursue development operations for its technologies, including the 12CQ chip, in the US,” Archer executive chairman Greg English said.
The appointment will be confirmed by Archer shareholders at the 2021 Annual General Meeting scheduled for 24 November 2021.