Daily Roundup

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RAS Technology Holdings is firing on all cylinders with a fresh batch of deals and contract extensions that'll inject $2.0 million in annualized revenue into the business. The company has inked a platform provider partnership with UK-based Altenar, with three customer brands already live and more coming down the pipeline. On top of that, RAS has locked in a five-year extension of its content agreement with TABtouch, beefing up the data and content offerings for Australian thoroughbred, harness, and greyhound racing. The company also launched its commercial agreement with LeoVegas, starting with BetMGM Sweden and planning to roll out major UK brands by Q1 FY27. The momentum is particularly strong in Asia, where the business is performing ahead of expectations, and management anticipates more deals will close before the end of FY26.

Xreality Group's Operator XR has just cracked the European market with its first contract—a A$450,000 deal with the Swedish military. The contract includes an OP-2 Virtual Reality tactical training system, software licenses, integrated training hardware, and ongoing support services. What makes this particularly significant is that it marks Operator XR's first deployment with a NATO member's armed forces, complementing the momentum already building in North America and Asia-Pacific. The deal was brokered through the company's Swedish distribution partner, PROMETEQ i Sandviken AB, with delivery scheduled for Q4 FY26.

GenusPlus Group is raising A$200 million to fund its acquisition of MPC Kinetic Holdings. The company is issuing approximately 21.6 million shares at A$9.25 per share—a 5% discount to the last closing price. The deal is expected to complete by 1 July 2026, with Bell Potter Securities and Euroz Hartleys acting as joint lead managers.

Catapult Sports delivered a record-breaking FY26, with annualized contract value surging 28% to US$133.8 million on a constant currency basis. Revenue climbed 19% to US$140.7 million, while management EBITDA nearly doubled, jumping 67% to US$24.7 million and pushing the EBITDA margin to 18%. The sports technology company maintained a stellar 96% ACV retention rate and saw a 62% increase in multi-solution Pro Teams. The successful integration of acquisitions Perch and IMPECT clearly paid off, and free cash flow came in at US$6.5 million, above expectations. Looking ahead to FY27, the company is eyeing continued ACV growth, low churn, margin improvement toward targets, and higher free cash flow.

MACH7 Technologies has signed a new customer in American Radiologist Network Inc., a US-based teleradiology provider, with a five-year contract valued at A$1.7 million based on 0.675 million studies annually. What's particularly impressive here is the dramatic acceleration in the sales and deployment cycle—MACH7 has cut the typical 12-month timeline down to just 45 days, a testament to the company's commercial transformation. Volumes are projected to exceed 1 million studies over the five-year term.