ASX tech stocks: Zimi up 15% after delivering smart lighting devices to Beacon, who used them on The Block
Link copied to
Leader of the tech pack today was smart home automation provider Zimi Limited (ASX:ZMM), up 15.38% after announcing it had delivered 30,000 Powermesh devices – representing sales in excess of $1.7 million – to GSM Electrical, Beacon Lighting Group (ASX:BLX) and Steel Line Garage Doors.
Plus, Beacon Lighting have featured the company’s devices on Nine Entertainment’s popular renovation show, The Block.
And Beacon have rolled out the devices to their stores and are beginning a soft launch of the co-marketing campaign announced in July, slightly later than planned due to the COVID lockdowns.
And, following the announcement of the new distributor and integration partner, Polyaire is set to begin its formal launch of the integrated devices in October.
In total, Zimi has received customer receipts of over $480,000 for the quarter ending 30 September 2021 – along with an R&D tax rebate of $0.7 million.
Elsewhere, enterprise protection software provider Damstra was up 6.4% after announcing a share sale agreement to acquire 100% of the shares in TIKS Solutions Pty Ltd (TIKS) for $18 million.
TIKS is a Sydney, Australia-based workplace safety and compliance management company.
“TIKS is an exciting natural fit for Damstra that will bring further scale to our business, enhancing our leadership position in workforce management in Australia and expanding our international footprint,” Damstra CEO Christian Damstra said.
“The business is already cash flow positive with potential for operational and co-location synergies and will bolster our product development capability.
“We’re are also excited to welcome TIKS CEO and Founder, Sam Marciano, to Damstra, who is demonstrating his commitment to the business and our long-term strategy by taking the majority of his consideration in escrowed Damstra shares.”
And up 2.32% was kids smartphone watch player Spacetalk after announcing FY21 revenue was up 44% to $15.1 million – compared to FY20 revenue of $10.5 million.
The company brought two new devices to market in FY21 including the next-generation Spacetalk ADVENTURER for kids and Spacetalk LIFE for seniors.
Chairman Mark Fortunatow said the company benefits from nearly two decades of history as a leader in communication technologies for schools and families.
“This extensive experience brings an in-depth understanding of what families want and value in a kids wearable device, which is reliability to always remain confidently connected, data security and privacy to make sure their kids are safe, and no social media or open internet,” he said.