• Group revenue of $1.43 million, down 0.1% from prior period
• Net loss of $3.38 million, up 48% from prior period
• Secured $1.5 million in convertible note funding and extended maturity of existing notes

Harvest Technology Group Limited has released its half-yearly financial report for the period ended 31 December 2024. The report shows the company's revenue from technology sales totaled $1,434,808, a slight decrease of 0.1% from the prior corresponding period. The group recorded a net loss of $3,379,876, up 48% from the prior period, which included significant non-cash expenses such as depreciation, impairment, and equity-settled payments. The company incurred a net cash inflow of $233,019 for the period, mainly contributed by funds raised through various debt and convertible note instruments. Despite a working capital deficiency and net operating cash outflow, the directors believe the company is a going concern due to the recent $1.5 million convertible note funding commitment, an agreement to extend the maturity of existing secured convertible notes, and expected benefits from recent cost reduction plans. The company continues to invest in research and development to maintain its position as a global leader in network-optimized remote operations technology.