DroneShield has ramped up operations and production with numerous orders in the pipeline and having received $13.9 million in cash receipts, with a further $2 million coming in tax incentives.
Financial solutions business SmartPay Holdings has returned a 62% increase in revenue on the prior year with $77.8 million, with earnings up 81% and higher profit. Shares were riding in response to the bumper year.
Biotech company Mesoblast has released its Q3 financial report, saying that it cut losses after tax to US$18.6 million from US$21.3 million a year ago. Shares rose more than 4% during the group’s quarter improvement.
Chair of Appen Richard Freudenstein cast a sobering reflection on the group’s most recent performance, and over the broader technology industry, stating at the company’s AGM that 2022 was ‘far from satisfactory’.