Tech Top 5: Alexium reckons its new body armour tech could boost revenues
Here are the biggest tech players in early trade, Tuesday October 19.
Cool mattress tech player Alexium jumped 9.3% today off the back of its September quarterly.
The company said cash receipts of US$2.9 million and sales of US$2.6 million were driven by its BioCool product sales.
New revenue streams are expected in the next two quarters from Alexium’s Eclipsys for body armour technology, which enhances the rate of cooling of textile/foam products by up to 200% over established thermal management technologies.
As part of the company’s strategic initiative to develop adjacent markets to bedding applications, body armour was identified as a target market due to the significant impact of Eclipsys for improved comfort and the ability to reduce thermal stress on the wearer, AJX said.
The sustainability platform was up 8% today off the back of an operations update which detailed annual recurring revenue in its in its energy division rose by 10% across Australia and the UK.
It’s all part of the company’s plans to achieve growing revenues from the newly revamped CarbonView suite of products at a time when market interest in Net Zero and carbon emissions management is increasingly topical.
The CarbonView platform helps companies measure and report their sustainability performance and metrics around carbon emissions and the company recently launched a new website to boost market awareness of the product.
Simble says the increased need for companies to disclose and report on performance against their Net Zero targets presents an attractive and very scalable opportunity for the company.
The company also sees increasing opportunities for SimbleSense – its energy monitoring and visualisation platform – to be deployed across to residential and commercial customers through its community of partners in the energy efficiency, solar industry, energy retail sectors and LED lighting sectors.
Employee wellbeing SaaS player Limeade was up 7.7% today after releasing its Q1 FY22 report,
LME maintained its FY21 guidance of $50-$53 million in revenue, with an EBITDA loss of $5-8 million and a net loss after tax of $7-10 million.
The company signed three new enterprise contracts during the September quarter, including the US operations of a large global banking group.
“During the quarter we focussed on serving our core enterprise well-being customers, integrating the TINYpulse acquisition and readying for the launch of an immersive well-being entry into the mid-market,” CEO Henry Albrecht said.
“Whether a company has 2,000 or 200,000 employees, they seek to listen better and do more for their people to maximise business performance.
“We were very pleased at the acceleration of our late-stage enterprise sales pipeline to finalist and verbal stages as well, providing Limeade with a solid platform for growth in 2022.”
Delivery platform Zoom2U rose slightly off the back of its Q1 FY22 report today, up 3.8%.
The company’s gross marketplace value was $5.7 million and group revenue was $1.4 million, up 81% and 60% respectively on the prior corresponding period.
Founder and CEO Steve Orenstein said that although COVID-19 lockdowns in Sydney and Melbourne contributed to an increase in demand for deliveries, growth was also driven by a notable increase in new customers using the Zoom2u platform due to the accelerated need for e-commerce and retail businesses to offer a faster delivery service.
“During the quarter, over 5,500 new individual, SME and enterprise customers used the platform for the first time (including Telstra, Bing Lee, PricewaterhouseCoopers and 99 Bikes); representing a record number of first-time active customers on the Zoom2u platform in one quarter,” he said.
The company also signed its first enterprise customer for Locate2u in Amart Furniture during the quarter.
While it reported a third consecutive record quarter of revenue, fraud prevention tech company Kyckr’s share price was unchanged today.
The company reported revenue of $869,000 up 32% prior year (5% prior quarter) and annual recurring revenue of $1.95 million, up 291% prior year (30% prior quarter).
Net revenue retention was 130% – driven by increased demand for services from existing customers and partners.
The company says its on track to launch a new enterprise portal with existing customers in Q3 FY22 which will improve scale capabilities and enhance user experience.