Daily Roundup

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RAS Technology Holdings is firing on all cylinders, announcing a slate of new deals and contract extensions that'll inject at least $2.0 million in annualised revenue into the business. The company has inked a platform provider partnership with UK-based Altenar, with three customer brands already live and more queued up. On the content side, RAS has locked in a five-year extension with TABtouch, beefing up its data and content offerings across Australian thoroughbred, harness, and greyhound racing. The company has also kicked off its commercial agreement with LeoVegas, launching BetMGM Sweden initially and planning to roll out major UK brands by Q1 FY27. Management expects more deals to close before the end of FY26, with the Asian business performing ahead of expectations.

Xreality Group's Operator XR has cracked the European market, securing its first contract on the continent with the Swedish military. The deal, worth approximately A$450,000, includes an OP-2 Virtual Reality tactical training system, software licenses, and ongoing support. It's a meaningful milestone—not just Operator XR's first European sale, but also its first deployment with a NATO member's armed forces. Delivery is scheduled for Q4 FY26, and the company is leveraging its Swedish distribution partner, PROMOTEQ i Sandviken AB, to build momentum in the region.

GenusPlus Group is raising capital to fuel an acquisition, announcing a $200 million placement to help fund the purchase of MPC Kinetic Holdings. The company is issuing approximately 21.6 million shares at $9.25 each—a 5% discount to the last closing price. The acquisition is expected to wrap up by 1 July 2026, with Bell Potter Securities and Euroz Hartleys acting as lead managers on the placement.

Catapult Sports delivered a record-breaking FY26, posting impressive growth across the board. Annualized Contract Value surged 28% to US$133.8 million, while revenue climbed 19% to US$140.7 million. The real standout was Management EBITDA, which jumped 67% to US$24.7 million, pushing the EBITDA margin up to 18%. The company maintained a strong ACV retention rate of 96% and saw a 62% increase in multi-solution Pro Teams, signalling that customers are buying more of what Catapult is selling. The successful integration of acquisitions Perch and IMPECT contributed meaningfully to the growth. Looking ahead, management expects continued ACV growth, low churn, margin improvement, and higher free cash flow in FY27.

MACH7 Technologies has signed a new customer and dramatically shortened its sales cycle. The healthcare software company locked in a five-year contract with American Radiologist Network Inc., a US-based teleradiology provider, valued at A$1.7 million based on a minimum of 0.675 million studies per annum. The real headline here is the speed—MACH7 has slashed its typical 12-month deployment timeline down to just 45 days, a reflection of the company's commercial transformation gaining traction.