Linius Technologies Limited

Linius Closes Successful Quarter, Forging Key Industry Partnerships and Launching with American Football

Melbourne Australia – 31 July 2024: Linius Technologies Limited (ASX:LNU) (Company or Linius) is pleased to provide its Quarterly Activities Report and Appendix 4C for the quarter ending 30 June 2024, along with the following financial and operational update.


Highlights:

  • Quarterly billings of $181,600, 42% higher than Q4FY23. Importantly, 94% of billings were from recurring fees
  • Year-to-date billings through Q4 of $760,300, 57% higher than the prior year period, and YTD cash receipts of $748,000 up 51% over the prior year period
  • Forged key industry partnerships to scale revenue growth
    • In April, signed partnership with Magnifi, leading provider of AI-driven automated highlights
      • After launch and rapid adoption of our auto-highlights product, we gained the attention of and now partnered with the #2 provider in this space
      • Together, Linius and Magnifi have a highly differentiated solution, well positioned to disrupt the automated highlights market
      • Magnifi will integrate and resell Linius Whizzard as their solution for archives as well as Linius Captivate personalised video product for fan engagement
      • Linius gains access to advanced AI technology for metadata and curation
      • Initial product integration and go-to-market planning are complete, with both companies now executing on opportunities with existing and new clients. Multiple proposals are in with potential customers
      • Magnifi is targeting its existing installed base of global broadcast and federation customers with upsell opportunities for these new solutions
      • Joint solution was demonstrated at the National Association of Broadcasters (NAB) Show in Las Vegas in April 2024
  • Integration license agreement with Avid
    • With Whizzard disrupting archive search and curation workflows, it makes perfect sense to integrate into professional editing suites from industry leaders like Avid
    • Linius is one of the first partners to access the new SDK for Avid Media Composer, which will embed Whizzard into Media Composer UI and workflows, exposing Whizzard to Avid’s customer base of most major broadcasters and federations.
    • Integration is scheduled to be complete and demonstrated at upcoming IBC tradeshow in September
    • In June, Linius went live with its first deployment in American football
      • Linius Whizzard is now live with users at Lone Star Conference (LSC) for their American Football and basketball content from the 2023 season onwards
      • LSC, Linius’ second customer in the US college sports market, signed a 3-year agreement in April 2024 covering football and basketball
      • LSC using Whizzard to curate highlights and for automated highlights of all games
      • Deployment marks the first use of Linius solutions in American football, one of the most highly monetized sports globally
      • Reduced deployment time driving cost efficiencies for future growth in this market
      • Significant opportunity for Linius in US college sport as NCAA has 150 conferences and 1,100 schools

    Linius CEO James Brennan commented, “Q4 was focused on executing our strategies to scale revenue more rapidly in FY25. By far, the most important achievement in Q4 was our partnership with Magnifi, the #2 and fastest growing provider in the automated highlights segment. The combination of Linius’ highly efficient virtualized video and data-driven, personalized video assembly with Magnifi’s AI-driven live highlights solutions creates a combined solution that is set to disrupt the automated highlights segment. Through the quarter, we executed technical, product, and commercial integrations, with both companies now actively developing multiple joint opportunities with existing and new clients. We look forward to sharing the first successes from this partnership early in FY25.”

    “Additionally, we further penetrated the US college sport market, deploying our second college conference and our first live deployment for American Football, the sport that generates more revenue than any other globally. The football content for LSC looks amazing and truly showcases the power of Whizzard and Whizzard Highlights. We are also excited that existing customer PBC has chosen to expand their Whizzard deployment, adding men’s and women’s soccer in the fall.”


    Click here for the full ASX Release

    This article includes content from Linius Technologies, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

    LNU:AU
    Linius Technologies

    Linius Technologies Investor Kit

    • Corporate info
    • Insights
    • Growth strategies
    • Upcoming projects

    GET YOUR FREE INVESTOR KIT

    The Conversation (0)
    Linius Technologies

    Linius Technologies


    Keep reading...Show less
    Syntheia Rings the Opening Bell on the Canadian Securities Exchange

    Syntheia Rings the Opening Bell on the Canadian Securities Exchange

    Syntheia Corp. ("Syntheia" or the "Company") (Syntheia.ai), CSE SYAI, a Canadian leader in conversational AI, is pleased to announce that the Company's leadership team rang the bell to open the market in collaboration with the Canadian Securities Exchange to celebrate its successful listing under the symbol "SYAI".

    " We look forward to great success through our partnership with the CSE as we commercially launch our conversational AI to the market. On behalf of the Company, I would like to thank everyone who has made this milestone happen, " commented Tony Di Benedetto, Chief Executive Officer at Syntheia.

    News Provided by Business Wire via QuoteMedia

    Keep reading...Show less
    Provaris Energy

    Notice of Initial Substantial Holder - Regal Funds Management Pty Ltd

    Provaris Energy Ltd (ASX.PV1, Provaris, the Company) is pleased to present the notice of initial substantial holder.


    Keep reading...Show less
    Syntheia Set to Enhance Customer Communication with Its AI-Powered Virtual Assistant

    Syntheia Set to Enhance Customer Communication with Its AI-Powered Virtual Assistant

    Syntheia Corp. ("Syntheia" or the "Company") (Syntheia.ai), CSE SYAI, a Canadian leader in conversational AI, announces that its innovative SaaS platform, designed to transform how businesses manage inbound telephone calls is set to launch in January of 2025. Leveraging advanced Natural Language Processing (NLP), Syntheia's virtual assistants enhance communication and efficiency targeting small and medium businesses in this large global marketplace.

    " Our mission is to eliminate as many inefficiencies as we can with managing inbound calls that small to medium-sized businesses face utilizing the power of AI" said Tony Di Benedetto, CEO of Syntheia. "With AI-driven virtual assistants, we provide these businesses with tools to improve customer satisfaction while reducing operational costs. We are gearing up now for commercial launch in January of 2025, less than 8 weeks away."

    News Provided by Business Wire via QuoteMedia

    Keep reading...Show less
    Canadian Securities Exchange Reports October 2024 Performance Figures

    Canadian Securities Exchange Reports October 2024 Performance Figures

    The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for October 2024.

    October 2024 Operating Statistics

    News Provided by Newsfile via QuoteMedia

    Keep reading...Show less
    Sona Nanotech to Showcase Its THT Cancer Therapy at NCL 20th Anniversary Symposium and Provides Corporate Update

    Sona Nanotech to Showcase Its THT Cancer Therapy at NCL 20th Anniversary Symposium and Provides Corporate Update

    Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company", "Sona") is pleased to announce that its Chief Scientific Officer, Dr. Len Pagliaro, has been invited to showcase Sona's developing Targeted Hyperthermia Therapy ("THT") cancer treatment today at the Nanotechnology Characterization Laboratory ("NCL"). Sona will be one of six commercial and academic collaborators to present its research at the NCL's 20th anniversary "Advancing Medical Applications of Cancer Nanotechnology" symposium. Sona's subsidiary was previously selected for the NCL Assay Cascade Program, the premier program in the World for bringing nanomaterials through critical preclinical stages and facilitating regulatory review, in which Sona's materials were assessed for biocompatibility. The NCL was established by the National Cancer Institute ("NCI") to accelerate the progress of nanomedicine by providing preclinical characterization and safety testing of nanoparticles. The NCL is a collaborative effort between NCI, the U.S. Food and Drug Administration ("FDA"), and the National Institute of Standards and Technology.

    News Provided by Newsfile via QuoteMedia

    Keep reading...Show less
    XReality Group

    Quarterly Activities Report and Appendix 4C - 30 Sept 24

    xReality Group Limited (ASX:XRG) (xReality) is pleased to provide the following Quarterly Activities Report and Appendix 4C for the quarter ending 30th September 2024 together with an Operational Update.

    Keep reading...Show less
    Linius Technologies

    Linius Technologies Investor Kit

    • Corporate info
    • Insights
    • Growth strategies
    • Upcoming projects

    GET YOUR FREE INVESTOR KIT

    Latest Press Releases

    Related News

    ×