INVESTOR NEWS – Harvest Technology Group

Harvest Tech forges ahead on profit plan, eyes positive EBITDA

Marnie Fulmer — Mon, 16 Jun 2025 23:05:46 +0000

Stockhead Special Report: Remote communications tech-solutions provider Harvest Technology Group is tracking one year ahead of its pathway-to-profit plan as it focuses on achieving a positive EBITDA before July 2026.

Harvest Technology Group (ASX:HTG) is currently in stage three of a four-stage plan to profitability.

It’s a plan that came about after an early 2024 board review of the company’s performance and direction, pinpointing strong growth, high recurring revenue and increases in market share.

With the company cost base reset, new sales models in place, the current stage is all about driving to profitability, with the goal to achieve the first month of positive operating EBITDA by the end of FY26.

With high-margin, in-house developed products and full ownership of its IP, HTG expects additional revenue to rapidly boost EBITDA, while operating costs remain low.

HTG aims to have revenue exceed $5 million and EBITDA losses less than $1m in FY26, an improvement from a $6.1m loss in FY24 and an expected less than $3m loss for FY25.

Visit Stockhead to read the full article

Review the latest ASX Announcements

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Accelerating Business Growth: Frankfurt Stock Exchange Listing and Latest Updates

Marnie Fulmer — Thu, 01 May 2025 05:59:33 +0000

Hear from Ilario Faenza our Managing Director, as he shares insights on the latest quarterly results and offers updates on the company’s three-year strategic plan.

Ilario covers off the recent announcement that Harvest Technology Group is now trading on the Frankfurt Open Market (FOE) segment of the FWB under the ticker code N30.

This milestone marks a major achievement for Harvest, granting us access to one of the world’s most prominent capital markets. The listing significantly enhances our visibility and reach among more institutions and investors across Europe.

It is a testament to our dedication in expanding our global footprint and unlocking new growth opportunities, as highlighted in The Australian article, “Harvest Tech lists on Frankfurt Stock Exchange.”

For a deeper look into this achievement, read the full report on Stockhead: Harvest Tech expands European reach with Frankfurt listing.

Review the latest Quarterly Activities/Appendix 4C Cash Flow Report

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Remoteness controlled: Harvest has big-time goals for its real-time streaming tech

Marnie Fulmer — Thu, 20 Feb 2025 03:30:00 +0000

When bad connections won’t cut it, Nodestream is built to step up
Harvest Tech has a three-year plan to make Nodestream a global name
The tech is being used for oil rigs, and in telehealth, defence and maritime

In critical situations, real-time video can make all the difference.

Take the 2010 Deepwater Horizon oil spill, for example. After an explosion on an offshore drilling rig in the Gulf of Mexico, experts needed live video feeds to assess the damage and guide the response efforts.

But the problem was the site was deep in the ocean, far from reliable communication infrastructure.

As a result, video from remotely operated vehicles (ROVs) and underwater cameras, while crucial, often struggled with terrible connectivity – dragging out the response when every second counted.

Fast forward a few years to the 2014 Ebola outbreak in West Africa.

Healthcare teams in remote, infrastructure-poor regions desperately needed clear, real-time video to assist in diagnosing patients and advising local teams.

Unfortunately, the patchy connectivity in those areas made video communication difficult, resulting in delayed decisions… and deaths.

Then, there was 2017’s Hurricane Maria in Puerto Rico.

After the devastating storm, the island’s communication infrastructure was crippled. First responders and aid organisations relied heavily on live video to assess damage and locate survivors.

But the poor connectivity left many areas without reliable video feeds, making it much harder for experts to get the information they needed in real-time.

These incidents highlight the critical role real-time video plays in crisis management. And they show how unreliable connections can get in the way when it’s needed most.

And that’s exactly where ASX-listed Harvest Technology Group (ASX:HTG) believes its technology steps up to the plate.

Keeping connections alive and seamless

The team at Harvest has developed a communications technology it calls Nodestream, which is built to improve and change how industries can stay connected in the toughest of conditions.

Nodestream isn’t just for crises, though, says Harvest Tech – it’s being used in defence, vessels management, remote telehealth, and subsea missions, keeping the connection alive no matter how spotty the signal.

Nodestream can send video, audio, and data securely across networks that might seem impossible. It’s like a better, faster version of the internet’s standard protocol, TCP/IP, built right here in Australia.

But while Nodestream was already a hidden gem, it wasn’t reaching its full potential.

Which is why Ilario Faenza, a “turnaround specialist” stepped in as CEO. He was brought in to make sure this technology doesn’t stay in the shadows and reaches its “game-changing” potential.

‘Why isn’t it everywhere?’

Under Faenza’s leadership, the company is on a three-year mission to turn everything around, boost profits, and get Nodestream in the hands of more customers globally.

After joining the company in January 2024, his first big move was to roll out Nodestream Live – a SaaS version that lets clients hit the ground running and go live on their own hardware in hours, not weeks.

This, he told Stockhead, opens up a whole new world of opportunities, as clients can now get up with zero downtime and start using this technology wherever they need it.

I was sceptical at first,” said Faenza. “But I’ve got a network engineering background, and frankly, the tech amazed me.

“And I equally couldn’t believe it hasn’t been properly commercialised.

“Why isn’t it everywhere?”

Who uses this thing?

Nodestream Live is built to handle video surveillance in places with ‘spotty’ connections and low bandwidth.

This cloud-based platform pulls in video from multiple devices, letting you manage it all in one simple system.

It streams up to 16 channels, even at just 500kbps, so you get crystal-clear video no matter how bad the connection.

Harvest says it’s a plug-and-play, no complicated setup. Just log in and go. Also, it works with most video formats, so you can skip the tech headaches.

Industries like defence, oil and gas and emergency services, where quick decisions matter, could really benefit from this tech, said Faenza.

He added that the launch of Nodestream Live is a significant milestone for the company, with many customers having participated in the beta trials.

“I see Nodestream Live as a key asset for securing enterprise and government clients worldwide.”

Case study for Nodesteam

Imagine you’re a vessel operator, and everything’s running smoothly, until you hit an unexpected issue or need to do a routine inspection.

Traditionally, you’d have to schedule port calls and bring in experts to physically check on the vessel. That’s time-consuming, costly, and sometimes just isn’t feasible when you’re out at sea.

But Nodestream allows you to stream high-definition video and audio in real-time using incredibly low bandwidth – ideal for exactly those poor-quality network connections out at sea.

With Nodestream, your team on land can inspect everything remotely, allowing you to collaborate live with engineers.

Three-year plan on track

The company has recently made its move into Europe with the incorporation of Harvest Technology Europe in Ireland.

“It was a natural evolution, and Ireland, being part of Europe, allows us to be compliant with European clients who prefer to contract with a European entity,” said Faenza.

Harvest has also teamed up with Pulsar International, sealing a reseller agreement to bring the cutting-edge tech to a global market.

“Pulsar has a strong presence in maritime and now, with Nodestream, they can integrate our solutions from the start of projects, as well as offer it to their existing maritime customers.”

In the meantime, the company is making good progress on its three-year plan to hit profitability by FY27.

Its latest Q2 FY25 results show cash receipts up 37% to $672k, and revenue up 32% to $689k – proving the plan is progressing as intended.

“While we are still in the early stages, the cost reduction, increase in recurring revenue percentage, and resulting margin increase are ahead of plan,” Faenza noted.

The company has raised $3.065 million through convertible notes, and secured an order from a ‘Five-Eyes’ defence partner for Nodestream Integrated devices.

“Focus is, of course, on revenue growth and supporting our reseller partners to secure new customers,” emphasised Faenza.

At Stockhead we tell it like it is. While Harvest Technology is a Stockhead advertiser, it did not sponsor this article.

Harvest Tech Q2 Cash receipts up 37% as profitability push continues

Marnie Fulmer — Mon, 03 Feb 2025 03:45:00 +0000

Harvest Technology Group reports cash receipts up 37% on pcp to $672,000 in Q2 FY25
Revenue of $689,000 up 32% on pcp as three-year plan to reach profitability implemented
Company raises $3.065m via a range of convertible note instruments in December quarter

Special Report: Harvest Technology Group (ASX:HTG) has reported its Q2 FY25 results with cash receipts up 37% on the same period in FY24 to $672,000 as it implements a three-year plan to reach profitability in FY27.

The tech solutions provider, specifically focused on overcoming challenges associated with remote video and data streaming, reported revenue of $689,000 for Q2 FY25 which was 32% higher on pcp.

HTG said EBITDA of ($35,000) was a 98% improvement on pcp, mainly due to the recognition of $1.59m of the group’s R&D tax incentive rebate.

The company ended the quarter with a cash balance of $670,000 with overall net cash inflow for the quarter $297,000.

Net operating cash outflows during the quarter were $580,000. HTG said expenses included R&D, staff, sales, marketing, corporate and administration costs plus interest and other costs.

During the quarter HTG repaid $606,000 on FY24 R&D’s loan notes, $420,000 on a short-term loan, and a director’s loan of $100,000.

The company said Q2 also included cash costs of $318,000 related to termination and other costs relating to the restructuring of the company and prior period legal costs relating to the Vroon case.

Going forward, HTG said it expected reduced legal costs and further cost reductions from its cost-saving initiatives.

Cap raising, additional orders and new subsidiary

During the quarter HTG raised $3.065m (before costs) via a range of convertible note instruments.

In December 2024, the company announced it had secured an additional order and full advance payment from its key Five-Eyes defence partner to supply a further 30 NSI (Nodestream Integrated) device units.

Nodestream is the company’s secure integrated platform for real-time collaboration, communication and data exchange.

The company said the platform provides an all-in-one solution accessible from anywhere, deployable at any time and enables users to enhance video, audio and data streaming over unstable networks, ensuring optimal quality-of-service even under difficult conditions.

HTG also executed a binding and non-exclusive worldwide reseller agreement with Pulsar Solution Inc.

Under the agreement, HTG’s products and solutions will be resold across Pulsar’s existing and prospective customer base.

It also established a new wholly owned subsidiary, HTE (Harvest Technology) Ltd, in Ireland.

The new company will re-launch the Harvest Nodestream product range across the UK and European markets.

It also appointed Three Pro Consultants Ltd to act as sales representatives for HTE (Harvest Technology) Ltd in the UK and European market under a sales commission and buyout model.

Update on three-year strategic plan

The HTG board earlier in 2024 undertook a review of the performance and direction of the company to ensure its pathway to commercial success was optimised to deliver strong growth, elevated recurring revenue and increases in market share.

In its quarterly update HTG provided an update on key pillars of its three-year path to growth and profitability plan.

The company said six months of the 36-month plan had been completed with its target of profitability by FY27 on track.

HTG said it was working towards exceeding $10 million revenue growth by FY27 with $7.5 million from its existing Nodestream product range.

The company said it had a 27% increase in recurring revenue compared to the same time last year, reflecting the focus to recurring licencing versus one off sales.

As a result of its focus on recurring revenue licensing, gross margin increased from 67% in the December quarter of 2023 to 86% in the three months to December 31 last year.

Recently signed reseller agreements are also expected to boost revenue growth, with more expected to come online this quarter

HTG said it was still reviewing potential acquisitions but would only move forward on the right acquisition on acceptable terms.

“We are building the services capability in-house and leveraging reseller partners to accelerate growth,” the company said.

While making significant progress with major customer contracts, it said this “was moving slower than desired”.

However, in some further good news HTG said it had completed and exceeded its cost optimisation goal.

On its target of reducing breakeven to $10m from $14m, HTG said it had further targeted cost reductions, aiming to hit $6.5m of projected revenue to achieve breakeven

“While we are still in the early stages, the cost reduction, increase in recurring revenue percentage, and resulting margin increase are ahead of plan,” HTG said.

“Focus is, of course, on revenue growth and supporting our reseller partners to secure new customers.”

This article was developed in collaboration with Harvest Technology Group, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

It’s been a big year for Harvest Technology as it targets breakeven in FY26

Marnie Fulmer — Wed, 27 Nov 2024 01:34:22 +0000

STOCKHEAD Special Report: It has been a big year for Harvest Technology Group as it aims to transform the market for real-time video streaming, live voice and live data and implement its three-year plan to reach profitability.

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Harvest Tech’s freshly laid path to profits

Marnie Fulmer — Tue, 26 Nov 2024 12:19:00 +0000

Stockhead’s Fraser Palamara chats with Harvest Technology Group (ASX:HTG) managing director Ilario Faenza and chairman Jeff Sengelman to dig into the details of a company forging ahead on a new track.

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Harvest Technology makes key moves as it targets profitability

Marnie Fulmer — Mon, 18 Nov 2024 12:25:00 +0000

Stockhead: Harvest Tech targets growth with launch of European subsidiary and Pulsar partnership

Special Report: Harvest Technology Group has made two big moves as it aims to transform the market for real-time video streaming, live voice and live data and implement its three-year plan to reach profitability.

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Long Shortz with Harvest Technology: Leveraging global relationships for tech solutions supply

Marnie Fulmer — Mon, 18 Nov 2024 12:22:00 +0000

Stockhead’s Sarah Hughan sits down with Harvest Technology Group’s (ASX:HTG) managing director Ilario Faenza to get the short end of the long story on the company’s latest news.

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Harvest Technology teams with Alto Capital.

Marnie Fulmer — Wed, 23 Oct 2024 12:09:00 +0000

STOCKHEAD Special Report: Harvest Technology Group, a provider of tech solutions to overcome challenges associated with remote video and data streaming, has appointed Alto Capital as its corporate adviser.

Follow Harvest Technology Group on LinkedIn for our latest news and updates.

Harvest Tech bolsters balance sheet with investor support as it targets profit in three years

Marnie Fulmer — Thu, 29 Aug 2024 11:43:00 +0000

STOCKHEAD Special Report: Harvest Technology Group has raised $2.2m via sophisticated investors since July 1 to refocus on growth with the company completing most of a restructuring program as part of its three-year plan to profitability.

Follow Harvest Technology Group on LinkedIn for our latest news and updates.