Daily Roundup

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RAS Technology Holdings is building momentum with a string of new deals and contract extensions that will add $2.0 million in annualised revenue to the company's bottom line. The gaming and wagering technology provider has partnered with UK-based Altenar as a platform provider, with three customer brands already live and more coming down the pipeline. On the content side, RAS has locked in a five-year extension with TABtouch, expanding its reach across Australian thoroughbred, harness, and greyhound racing data. The company has also kicked off its commercial agreement with LeoVegas, starting with BetMGM Sweden and planning to roll out major UK brands by Q1 FY27. Management expects additional deals to close before the end of FY26, with the Asian business performing particularly well ahead of expectations.

Over in the defence tech space, Xreality Group's Operator XR subsidiary has landed its first European contract—a significant milestone. The Swedish military has ordered an OP-2 Virtual Reality tactical training system valued at approximately A$450,000, marking not only Operator XR's entry into Europe but also its first deployment with a NATO member's armed forces. The deal, executed through Swedish distribution partner PROMOTEQ i Sandviken AB, is slated for delivery in Q4 FY26. This reference customer in Europe complements the company's existing momentum in North America and Asia-Pacific.

GenusPlus Group is raising capital to fuel an acquisition. The essential power and communications infrastructure provider announced a $200 million placement to help fund its purchase of MPC Kinetic Holdings Pty Ltd, which it plans to complete by 1 July 2026. The company is issuing approximately 21.6 million shares at $9.25 per share—a 5% discount to the last closing price. Bell Potter Securities and Euroz Hartleys are leading the placement.

Sports technology company Catapult Sports delivered a record-breaking FY26, with annualized contract value climbing 28% to US$133.8 million on a constant currency basis. Revenue hit a new high of US$140.7 million, up 19% year-over-year, while management EBITDA surged 67% to US$24.7 million, lifting the EBITDA margin to 18%. The company's SaaS revenue grew 21%, and it successfully integrated acquisitions Perch and IMPECT into its platform. Customer retention remained strong at 96%, and multi-solution Pro Teams jumped 62%. Free cash flow came in at US$6.5 million, above expectations. Looking ahead to FY27, Catapult expects continued ACV growth, low churn, margin improvement, and higher free cash flow.

Healthcare software company MACH7 Technologies has signed a new customer and dramatically shortened its sales cycle. American Radiologist Network Inc., a US-based teleradiology provider, has committed to a five-year subscription licence for eUnity Viewer worth A$1.7 million based on a minimum of 0.675 million studies annually. What's particularly noteworthy is the deployment speed—MACH7 has cut the time to first productive use down to just 45 days, a massive improvement from the typical 12-month timeline. This reflects the company's commercial transformation and suggests its go-to-market strategy is hitting its stride.