
- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
November 17, 2024
Solar security, sensing and visual AI solutions and platforms company Spectur Limited (ASX: SP3) (Spectur or the Company) is pleased to announce the signing of a three-year contract for $787,428 with Transport for NSW (Contract No: CW2592803), with optional extensions to nine (9) years (Total price – nine year term - $2,632,284).
Highlights
- Spectur entity 3 Crowns Technologies Pty Ltd has signed a contract with Transport for NSW for the provision of cameras and analytic services.
- The value of the three-year contract is a minimum $787,428 with an optional extension of a further three plus three years for a total of 9 years (Total price $2,362,284).
- Expansion to new sites included in this contract may increase the annual contract value between $50,000 and $200,000 subject to final scope confirmation, giving a potential contract value of almost $1.4M.
- Year to date sales exceeds all previous records with $4.18m sold (13 November YTD FY25), compared with $2.205m sold October YTD in FY24.
This contract includes the provision of the following services and products:
- Live webcam vision with night vision enabled cameras for 23 existing locations including all hardware supply, installation, maintenance, software and data provisions as a managed service
- Expansion of these 23 locations to new fixed locations. This is currently being scoped
- Provision of new mobile trailer systems. Quantity to be confirmed, with the potential to increase the base contract value of $ 787,427.
The contract follows on from an ongoing smaller contract with 100%-owned entity 3 Crowns Technologies Pty Ltd (3CT), which was extended by 6 months earlier in 2024 and will be replaced when this contract is implemented, anticipated to be in January 2025. There is an optional extension of an additional three plus three years, extending the potential duration of the contract to nine years. This contract will be executed through the 3CT entity.
Key material terms of the contract are included in Appendix A.
This contract win follows on from earlier substantial contract wins with other 3CT entities in Q1, in addition to general growth within the Spectur business. Total sales (including longer term contracts) to date this financial year (at 13 November 2024) are $4.18m, a 90% increase over FY24 October YTD results of $2.205m. Whilst many of these sales are longer term contracts and have not yet converted into revenue in FY25, they underpin long term, secured recurring revenues.
Executive commentary
Spectur Managing Director, Gerard Dyson, said:
“The portion of revenue that is coming from high gross margin recurring revenue continues to increase at Spectur, with current run rates in excess of 60% of total revenue. Many of the projects that form this growing base, including the recent win with Transport for NSW, arise through the growth of existing relationships and accounts. The Spectur ecosystem is becoming increasingly flexible and expandable, with an ever greater number of opportunities to add in third party AI, sensors, cameras, devices and other applications. It is becoming a core platform for many customers, and an increasing number of resellers.
“Spectur continues to win increasingly large projects as evidenced by the year-to-date sales. This funnel of revenue continues to grow and is the product of many years of cultivation that are bearing rewards now and into the future. Ongoing strong, high margin sales, combined with recent cost control activities in response to productivity improvement, underpins the ‘fitness’ of Spectur going forward. These long- term contracts ultimately reduce and then remove the requirements for hardware sales and service to cover costs, ushering in a new era of profitability and a platform for accelerating growth.”
Click here for the full ASX Release
This article includes content from Spectur Limited, 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.
The Conversation (0)
05 June
Web Summit 2025: AI Innovation, Investment Shifts and Global Tech Alliances Take Center Stage
The Vancouver edition of Web Summit took place last week, bringing 15,727 attendees from 117 countries together, including 159 partners, 681 investors and 50 trade delegations.
A record-breaking 1,108 startups across a range of tech-touching industries exhibited, showcasing their products, services and ideas, from groundbreaking biotech advancements to revolutionary sustainable energy solutions.
Artificial intelligence (AI) was a prominent feature across all these innovations, underscoring the rapid pace of technological advancement and its pervasive influence across all aspects of modern life.
Discussions revealed diverse opinions, with many emphasizing AI's practical usefulness, the economic viability of large language models and the importance of real-world value in AI research.
Self-described AI skeptic Gary Marcus, a scientist and author, proposed neuro-symbolic AI as a path to enhanced reliability. While pointing out the shortcomings of existing AI, such as ethical reasoning issues and hallucination tendencies, he acknowledged its worth, particularly in the field of biology.
The event provided a crucial snapshot of where the tech industry stands on AI, both in terms of technological advancements and its growing influence on investment and business strategy.
AI reshaping the investment landscape
Despite challenges in public and private markets, experts across multiple panels agreed that AI is fueling the rapid development of new markets, influencing capital allocation and funding trends.
Speakers on a panel focused on the current state of venture capital (VC) highlighted AI's potential to revolutionize the VC landscape, with Freestyle Capital general partner Maria Palma asserting that AI technology has revitalized the industry by creating new opportunities and altering market dynamics.
She argued that VCs are inherently optimistic, but must adapt to longer fund cycles and prioritize top talent migrating to startups, while also considering AI's influence on liquidity and the speed of company building and scaling.
Palma pointed to development platform Lovable, which brought in US$50 million in revenue in five months.
“You didn't see that 10 years ago in any company ... I think that the pace of ability to build and ability to attack different markets is different than it's ever been,” she told the Web Summit audience.
In another panel, Brett Gibson, managing partner at Initialized Capital, pointed to a broader shift toward authoring software and the potential for widespread fragmentation and consolidation in the software market. 500 Global CEO Christine Tsai discussed the volatility of emerging tech stacks, while Andy McLaughlin, managing partner at Uncork Capital, stressed the importance of spotting opportunities outside mega platforms.
The consensus was that AI is fueling new business models, pushing investors to rethink how value is defined.
AI transforming how businesses operate
During the "Smart Money in 2025"presentation, speakers Alfred Chuang of Race Capital and Wesley Chan of FPV Ventures emphasized that investors now see AI as the foundation of new hyper-focused platforms.
The industry-specific approach of legal tech unicorn Clio was showcased at the "Vertical Software is Eating the World" discussion, andhighlighted the growing interest in AI-powered vertical SaaS business models.
“There is a huge amount of opportunity that remains, and a disruptive opportunity to unseat the incumbents in software verticals today with AI native companies, and also an opportunity for incumbents in the space to embrace AI and tap into what is an exponential opportunity for AI,” Clio CEO Jack Newton told the audience.
Chuang elaborated on the transformative role of AI in the software industry. “I think SaaS has a huge opportunity for basically a re-up for all the different applications. We're going to see a whole new wave of apps. Now we can automate the process, and a process can write code to automate another process … these are opportunities we have never seen before. It's a very exciting time. We're going to be hugely more productive going forward.”
Chan stressed to the audience that AI utility matters more than AI branding, echoing Marcus’ earlier sentiment on its potential to increase productivity for life science companies. He cited recently announced results for Strand Therapeutics’ mRNA cancer drug, which was developed with the help of AI.
Uncork Capital’s McLoughlin pointed to Toronto-based software company Tailscaleas an example of a firm that is enabling core functionality for AI at scale without branding itself around AI.
“They build virtual private networks that have become fundamentally important to the AI economy. Every single (AI) hyperscaler is using Tailscale to network together this kind of global cluster of GPUs," he said.
"We didn't think about that when we first invested in 2019. We liked the idea of connected devices and people, but we never thought of a future where actually this would be a killer use case.”
Discussions also honed in on generative AI's uses in areas like customer service co-pilots and sales automation, and how AI agents are developing into more proactive partners, freeing human teams to focus on strategy. However, as AI agents begin to reason, act and potentially make decisions that carry real-world consequences, the conversation consistently circled back to the importance of accountability, privacy protection and regulation.
While agentic AI may not yet be mainstream, it’s quickly becoming a frontier for productivity, ethics and innovation.
Trade tensions recalibrating tech alliances
Speakers on the "All in on AI"panelalso discussedthe potential for emerging markets to provide liquidity and foreign buyers, noting the increasing importance of non-US markets in the context of regulatory changes.
“One thing that's really quite unprecedented about this wave versus other waves is just how much of a national agenda (AI) is for so many countries around the world,” said 500 Global's Tsai, noting that Silicon Valley still has its place among the great global founders. Palma shared that sentiment during "The State of Venture Capital" talk, adding that the bigger problem is not the listing exchange, but whether entrepreneurs still desire to go public at all.
The rise of non-US markets and a more globally dispersed talent pool are occurring against a backdrop of evolving international trade relations and policies. Several panels focused on the US-China relationship while addressing how tariffs are shaping the global tech economy, from talent acquisition to material sourcing.
Economist William Lazonick called out the inefficacy of the current tariff strategy in terms of encouraging innovation, highlighting Big Tech's underinvestment in research and development and prioritization of share buybacks.
Separately, Bison Ventures founding partner Tom Biegala noted the shift toward onshoring and AI-enabled robotics in manufacturing to enhance productivity and reduce labor costs. He also touched on opportunities in the defense tech sector, driven by the need for critical components to be US- or western-made for national security reasons.
“I think that has certainly been accelerated in today's environment, and it's bleeding over into a whole bunch of more traditional industries, from 3D printing to manufacturing of what are typically commodity components,” he said.
While much of the discussion focused on US policy, another takeaway was Canada's potential to thrive in a changing trade landscape, with several noteworthy announcements taking place throughout the week.
One came at a Bell press conference, where the telecommunications company unveiled Bell AI Fabric, an initiative to build a network of data centers across the country, with Kamloops as its first hub. Later, Diana Gibson, BC's minister of jobs, economic development and innovation, announced the expansion of the Integrated Marketplace Program with an additional C$30 million in funding, supporting over 30 startups across the province.
While the province supports its tech sector, challenges like high costs and regulations remain. Gibson and Rocky Tung, director and head of policy research at Hong Kong’s Financial Services Development Council, addressed BC's need for stronger ties, particularly in finance, VC and web3. Even so, Canada's stability and innovation ecosystem could be attractive to investors seeking a haven and fertile ground for growth amid international volatility.
Investor takeaway
Web Summit served as a vital forum for exploring the multifaceted impact of AI on the tech industry and beyond, highlighting its role as both a disruptive force and a catalyst for innovation.
As AI continues to reshape industries and markets, the insights shared at the Vancouver-based Web Summit provide a valuable roadmap for navigating the future of technology and investment.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
05 June
Trump Admin Strips "Safety" from AI Oversight Institute in Move to Rebrand
The Trump administration announced a rebrand of the US Artificial Intelligence (AI) Safety Institute, stripping the word “safety” from the organization's title and mission.
The institute, once tasked with developing standards to ensure AI model transparency, robustness and reliability, will now be known as the Center for AI Standards and Innovation (CAISI). According to the announcement, its focus will be on enhancing US competitiveness and guarding against foreign threats, not constraining the industry with regulations.
The decision, announced on Tuesday (June 3) by US Secretary of Commerce Howard Lutnick, marks a sharp departure from the Biden-era posture on AI governance.
"For far too long, censorship and regulations have been used under the guise of national security. Innovators will no longer be limited by these standards,” Lutnick said in a statement.
“CAISI will evaluate and enhance US innovation of these rapidly developing commercial AI systems while ensuring they remain secure to our national security standards.”
Established in November 2023 under President Joe Biden’s executive order on AI, the original AI Safety Institute was housed within the National Institute of Standards and Technology (NIST). It aimed to assess AI risks, publish safety benchmarks and convene stakeholders in a consortium focused on responsible AI development.
But with the Trump administration’s return to the White House, the emphasis has shifted.
Instead of curbing AI risks through regulation and safety protocols, the renamed CAISI will now prioritize “pro-innovation” objectives, including the evaluation of foreign AI threats, mitigation of potential backdoors and malware in adversarial models and avoidance of what the administration sees as regulatory overreach from foreign governments.
According to the commerce department, CAISI’s primary tasks will include collaborating with NIST laboratories to help the private sector develop voluntary standards that enhance the security of AI systems, particularly in areas like cybersecurity, biosecurity and the misuse of chemical technologies. The center will also establish voluntary agreements with AI developers and evaluators, and lead unclassified evaluations of AI capabilities that may pose national security risks.
In addition to those directives, CAISI will lead comprehensive assessments of both domestic and foreign AI systems, focusing on how adversary technologies are being adopted and used, and identifying any vulnerabilities, such as backdoors or covert malicious behavior, that could pose security threats.
The center is also expected to work closely with the Department of Defense, the Department of Energy, the Department of Homeland Security, the Office of Science and Technology Policy, and the intelligence community.
CAISI will remain housed within NIST and will continue to work with NIST’s internal organizations, including the Information Technology Laboratory and the Bureau of Industry and Security.
Rise of foreign AI spurs national security concerns
The reformation of the institute reflects Trump’s broader AI strategy: loosen domestic oversight while doubling down on global AI dominance. Within his first week back in office, Trump signed an executive order revoking Biden’s prior directives on AI governance and removed his AI policy documents from the White House website.
That same week, he announced the US$500 billion Stargate initiative — a massive public-private partnership involving OpenAI, Oracle and SoftBank Group (OTC Pink:SOBKY,TSE:9984) that is intended to make the US the global leader in AI.
The Trump administration’s pivot has been partly catalyzed by growing concerns over foreign AI competition, particularly from China. In January, Chinese tech firm DeepSeek unveiled a powerful AI assistant app, raising alarms in Washington due to its technical sophistication and uncertain security architecture.
Trump called the app a "wake-up call,” and lawmakers quickly moved to introduce legislation banning DeepSeek from all government devices. The Navy also issued internal guidance advising its personnel not to use the app “in any capacity.”
Signs of an impending transformation had emerged earlier in the year.
Reuters reported in February that no one from the original AI Safety Institute attended the high-profile AI summit in Paris that month, despite Vice President JD Vance representing the US delegation.
Trump’s One Big Beautiful Bill reshaping US AI governance
Trump’s massive One Big Beautiful Bill, which includes much of the aforementioned legislation, is poised to dramatically reshape the landscape of AI regulation in the US. The bill introduces a 10 year moratorium on state-level AI laws, effectively centralizing regulatory authority at the federal level.
This move aims to eliminate the patchwork of state regulations, which the administration claims would foster a uniform national framework to bolster American competitiveness in the global AI arena.
The bill's provision to preempt state AI regulations has sparked significant controversy.
A coalition of 260 bipartisan state lawmakers from all 50 states has urged to remove this clause, arguing that it undermines state autonomy and hampers the ability to address local AI-related concerns. Critics also warn that the moratorium could delay necessary protections, potentially endangering innovation, transparency and public trust. They argue that it may isolate the US from global AI norms and reinforce monopolies within the industry.
Despite the backlash, proponents within the Trump administration assert that the bill is essential for maintaining US leadership in AI. The One Big Beautiful Bill is currently being debated in the US Senate.
Don’t forget to follow us @INN_Technology for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
29 May
NVIDIA Rallies After Strong Q1, AI Demand Outshines China Export Hit
NVIDIA (NASDAQ:NVDA) shares rose over 5 percent to hit US$142.50 on Thursday (May 29), extending a powerful rally that reflects Wall Street’s optimism in the chipmaker’s long-term trajectory
The company's positive performance came despite a bruising blow from US export restrictions to China.
The semiconductor giant, seen by many industry experts as the backbone of the global artificial intelligence (AI) boom, reported better-than-expected financial results for its first fiscal quarter of 2026 on Wednesday (May 28), allaying fears that geopolitical tensions and tighter trade controls could derail its momentum.
In the face of a projected US$8 billion revenue hit from the export ban on China and a US$4.5 billion writedown on unsold inventory, investors appeared to focus on NVIDIA's dominant position in the fast-expanding AI market.
“There is one chip in the world fueling the AI Revolution and it's Nvidia,” wrote Dan Ives, a tech analyst at Wedbush Securities. “That narrative is clear from these results and the positive commentary from Jensen.”
NVIDIA posted quarterly revenues of US$44.1 billion, beating consensus analyst estimates of US$43.3 billion. That's also a staggering 69 percent increase from the US$26 billion reported in the same quarter last year.
The company’s flagship data center division, which supplies AI chips to major clients like Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META), reported US$39.1 billion in sales.
Although that's a slight miss from Wall Street’s US$39.2 billion forecast, it's still up from US$22.5 billion last year.
“Our breakthrough Blackwell NVL72 AI supercomputer — a ‘thinking machine’ designed for reasoning — is now in full-scale production across system makers and cloud service providers,” said Jensen Huang, founder and CEO of NVIDIA.
“Global demand for NVIDIA’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate.”
Earlier this month, Huang traveled with US President Donald Trump to the Middle East, where the company reportedly secured orders for hundreds of thousands of chips from Saudi Arabia.
Yet NVIDIA's latest results also expose the mounting risks the firm faces as global trade policy tightens.
In recent months, Washington has sharply escalated restrictions on semiconductor exports to China, targeting chips like NVIDIA's H20 — a China-specific product designed to comply with US rules. The US Department of Commerce has banned shipments of these chips to Chinese firms, citing concerns about potential military applications.
The move forced NVIDIA to write off US$4.5 billion in H20 inventory, and the company estimates a US$2.5 billion revenue loss in the current quarter as a result. Huang placed the broader impact of the China restrictions at US$15 billion.
“The US$50 billion China market is effectively closed to US industry,” he said in an interview. “We are exploring limited ways to compete, but Hopper is no longer an option. China's AI moves on with or without US chips.”
While NVIDIA has previously indicated that it could redesign chips to meet evolving US export rules, Huang has become increasingly vocal in his criticism of Washington’s policy direction. Speaking to reporters after NVIDIA's earnings call, he described the restrictions as a “failure” that will ultimately hurt American companies more than Chinese rivals.
The pressure on NVIDIA intensified further this week, as the Financial Times reported that Trump has instructed US suppliers of chip-design software to halt sales to Chinese firms.
Nonetheless, NVIDIA's strong earnings, coupled with a federal court ruling blocking some of Trump’s proposed tariffs, have reassured investors. AI-driven demand appears robust enough to offset near-term geopolitical volatility.
For now, the markets have spoken — and they’re betting big on NVIDIA's future.
“Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation,” Huang emphasized post-earnings.
NVIDIA's share price spike this week put it on track for its highest close since January, and triggered a broader rally across the semiconductor sector.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
09 May
Tech 5: OpenAI Restructures, Apple Pursues AI Search, Constellation Shares Jump
This week proved pivotal for the tech and energy sectors as market dynamics and the regulatory landscape shifted.
Apple (NASDAQ:AAPL) made waves by signaling a foray into artificial intelligence (AI) search and challenging app store regulations, while OpenAI underwent a major restructuring amid legal battles with Elon Musk.
Meanwhile, legislation targeting AI chip tracking gained momentum, and the nuclear energy sector saw increased activity with Ontario Power Generation's new reactor project and potential White House actions.
Earnings reports from major players like Palantir (NASDAQ:PLTR), AMD (NASDAQ:AMD), Arm Holdings (NASDAQ:ARM) and Super Micro Computer (NASDAQ:SMCI) painted a complex picture of growth and challenges in a turbulent economic environment.
The interplay of innovation, regulation and market forces played out against a backdrop of trade developments between the US and the UK, with optimism regarding forthcoming negotiations with China boosting sentiment toward the end of the week.
Read on to dive deeper into this week's top stories.
1. Apple's App Store appeal, AI search plans and chip news
Apple is formally contesting last week’s judicial ruling mandating a reduction in its App Store commission.
The company filed an appeal against the order that would compel it to lower the existing 27 percent fee imposed on businesses offering links within their apps to external payment processing alternatives.
In related news, Apple executive Eddy Cue revealed during federal court testimony that the tech giant is investigating the development of its own AI-powered search engine for the Safari web browser. The news had an immediate impact on Alphabet’s (NASDAQ:GOOGL) shares, resulting in a 9 percent decline on Wednesday (May 7) afternoon.
In other news, Apple is reportedly making advances in its in-house silicon development.
The company is designing new proprietary chips intended to serve as the main central processing units for a range of future Apple products. These include anticipated devices such as smart glasses, more powerful iterations of its Mac computer line and specialized AI servers.
Combined with this week’s macroeconomic and geopolitical developments, Apple’s share price experienced turbulence, ultimately closing 2.25 percent below Monday’s (May 5) opening price on Friday (May 9).
2. OpenAI announces restructuring, acquisition and leadership changes
In a notable week for AI giant OpenAI, CEO Sam Altman shared a reorganization strategy on Monday, announcing that its operational arm will transition into a new public benefit corporation, with its non-profit arm acting as the primary shareholder. The decision follows talks with civic leaders and state attorneys general.
A person familiar with the matter told Business Insider that the new plan will let the company receive the full US$30 billion investment from SoftBank (TSE:9984). Meanwhile, sources told Bloomberg on Monday that Microsoft (NASDAQ:MSFT) and OpenAI are still in negotiations regarding a restructuring plan. A later report from the Information reveals that OpenAI plans to slash its 20 percent revenue-sharing agreement with Microsoft to 10 percent by 2030.
Regarding the ongoing legal dispute between Sam Altman and Tesla (NADAQ:TSLA) CEO Musk, who alleges that the company has strayed from its founding mission, Musk’s attorney, Marc Toberoff, told Reuters on Monday that the team intends to proceed with the lawsuit. Toberoff also called the restructuring a “cosmetic” move that turns charitable assets into private wealth, adding that “the founding mission remains betrayed.”
In other news, OpenAI made its largest acquisition to date this week, agreeing to buy AI-assisted coding tool Windsurf for about US$3 billion, and named ex-Instacart (NASDAQ:CART) CEO Fidji Simo as its new head of applications.
According to reports, Simo will manage operations and report directly to Sam Altman, who will retain his title as CEO. Altman will shift his focus to research, safety efforts and advancing artificial general intelligence.
3. AI chip regulatory developments
US Representative Bill Foster is preparing to introduce legislation aimed at tracking the location of AI chips, such as those produced by NVIDIA (NASDAQ:NVDA), after they are sold.
The proposed bill, first reported by Reuters on Monday, would task US regulators with developing rules to monitor these chips, ensuring they remain in authorized locations under export control licenses.
It would also seek to prevent unlicensed chips from being activated outside of authorized locations.
In other chip-related news, NVIDIA shares rose following news that the Trump administration plans to eliminate the so-called “AI diffusion rule.” However, a spokesperson from the US Department of Commerce clarified upcoming plans in a statement to CNBC’s Kif Leswing on Wednesday, commenting:
“The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation. We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance.”
The announcement highlights the Trump administration's intention to keep some guardrails in place to protect US interests, despite pushback from tech industry executives.
At a Congressional hearing on Thursday (May 8), OpenAI CEO Sam Altman emphasized the importance of maintaining US leadership in AI development. He cautioned against overregulation, warning that poorly designed rules could hinder America’s competitive edge, particularly against China.
4. Palantir, AMD, Arm and Super Micro share results
Palantir’s Q1 revenue rose 39 percent year-on-year to US$884 million, driven by demand for its data analytics software in the US. The company expects demand to continue, forecasting Q2 revenue between US$934 million and US$938 million. Palantir’s share price fell by 8 percent after hours as investors anticipated even stronger results. The company posted a loss of 5.6 percent for the week after a volatile week for tech stocks, as overvaluation concerns persist.
Advanced Micro Devices' Q1 earnings report shows quarterly revenue of US$7.4 billion, an annual increase of 36 percent, with adjusted earnings per share of US$0.96. Despite an initial 7 percent stock surge following a positive quarterly report, AMD shares fell following the company's announcement of a projected US$1.5 billion revenue decrease this year, attributed to US government limitations on the sale of AI chips to China.
Palantir, Super Micro, AMD and Arm performance, May 6 to 9, 2025.
Chart via Google Finance.
For Q4 2024, Arm Holdings reported quarterly revenue of more than US$1 billion for the first time in its history, but forecast revenue and profit for Q1 2025 below Wall Street estimates, resulting in a 4 percent slump on Thursday morning
Super Micro Computer’s net sales increased from US$3,85 billion in Q3 2024 to US$4.6 billion, while the company's earnings per share fell year-on-year from US$0.66 to US$0.17.
The company lowered its full-year revenue guidance from US$23.5 billion to US$25 billion, down to US$21.8 billion to US$22.6 billion, with trade war-induced uncertainty and increasing competition cited as obstacles to growth. The company’s share price opened over 5 percent lower the next day and fell by over 3 percent this week.
5. Constellation shares jump, White House plans reactor push
Shares of Constellation Energy (NASDAQ:CEG) rose nearly 10 percent in two days ahead of the Tuesday (May 6) release of its Q1 earnings report, which revealed revenue that exceeded expectations by over 20 percent.
Later, during an earnings call, CEO Joe Dominguez said the company was close to inking multiple long-term deals to provide nuclear power to meet surging energy demands, further bolstering investors’ optimistic outlook.
In another significant development within the nuclear energy sector, Ontario Power Generation said it has secured the necessary approvals to commence construction on the first of four small modular reactors (SMR) designed by GE Verona (NYSE:GEV), which will be located at the company’s Darlington site near Toronto.
The Darlington project is anticipated to be the first deployment of this particular SMR technology within a G7 nation.
Separately, Axios reported on Tuesday that sources familiar with the matter say the White House is in the final stages of preparing executive actions intended to accelerate the deployment of nuclear reactors. These plans, reportedly under consideration for several weeks, could be officially announced imminently.
On Friday, NPR said its reporters have seen a draft of such an order. According to the report, the order instructs the Nuclear Regulatory Commission (NRC) to send new reactor safety guidelines to the White House for review and possible amendments. The draft also calls for a reduction of NRC’s staff and a “wholesale revision of its regulation” in coordination with the administration and the Department of Government Efficiency.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
29 April
March 2025 Quarterly Activities and Cash Flow Report
29 April
RemSense Technologies: Enabling Industrial Digital Transformations
RemSense Technologies Limited (ASX:REM) is an Australian technology company driving digital transformation in asset-intensive industries through advanced asset visualisation and drone services. Founded in 2006 as a developer of drone systems for the defence and industrial sectors, RemSense expanded into professional drone services in 2012.
In 2019, the company broadened its focus to include high-resolution 3D asset capture and visualisation, leading to the creation of its flagship platform, virtualplant. This evolution reflects broader trends in digital transformation across sectors such as energy, resources, infrastructure, and utilities. RemSense was listed on the Australian Securities Exchange in 2021.
RemSense is strongly positioned to capitalise on the accelerating adoption of digital twin technologies, particularly across the mining, oil and gas, manufacturing, utilities, defence, marine, and aerospace sectors. As these industries increasingly turn to digital solutions to enhance safety, reduce costs, and optimise asset management, demand for RemSense’s innovative offerings continues to grow.
Company Highlights
- Profitable Growth: Delivered $3.12 million in revenue in H1 FY25 – a 178 percent increase year-over-year
- Tier-1 Client Base: Trusted by major global operators including Chevron, Newmont and Woodside Energy for digital twin and drone technology services.
- Flagship Platform – virtualplant: A scalable, cutting edge digital twin solution providing real-time operational insights for industrial facilities and infrastructure.
- Strong legacy drone operations: RPAS Services features CASA-certified pilots and a fleet of custom-engineered drones supporting multiple industrial applications.
- Serving Critical Industries: Solutions deployed across energy, resources, utilities and infrastructure sectors undergoing rapid digital transformation.
This RemSense Technologies profile is part of a paid investor education campaign.*
Click here to connect with RemSense Technologies (ASX:REM) to receive an Investor Presentation
Keep reading...Show less
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.