Daily Roundup

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Activeport Exceeds NaaS Sales Expectations

Activeport Group Ltd has received over $1.2M in new Network-as-a-Service (NaaS) orders in June, far exceeding expectations. The company launched its Global Edge NaaS platform in collaboration with the Fibreconx network late last year, and the market response has been overwhelming.

In the first month of marketing the service, Activeport secured 75 new NaaS port commitments in Sydney and Melbourne, beating the anticipated run-rate immediately after launch. The Global Edge portal is now live, delivering a self-service edge-to-cloud network in these cities, with Brisbane to come in the second half of the year.

Activeport's innovative platform offers a unique self-service last-mile fibre network to Australia's major data centres. The company anticipates an average gross margin of around 65% for the NaaS service as volume accumulates on the platform. Additional products like managed firewalls, cloud on-ramps, and virtual edge services are expected to further increase revenue and margins in the coming months.

Karoon Energy Secures Six Blocks in Santos Basin

Karoon Energy Ltd has successfully bid for six blocks in the Santos Basin offshore Brazil, including two that contain the Piracucá discovery. This discovery could potentially be tied back to Karoon's proposed Neon FPSO, subject to necessary approvals.

The company also acquired four deepwater blocks to consolidate its position in the area, at a low entry cost. This strategic move will complement Karoon's existing exploration acreage around 80 kilometres southeast of the Baúna field.

To fund the signature bonus payments and work program guarantees, Karoon has increased its 2025 capital expenditure guidance to US$120-140 million.

Acusensus Faces Legal Action from Redflex

Acusensus Ltd has announced that Redflex Traffic Systems Pty Ltd has initiated legal proceedings against the company, alleging infringement of Redflex's intellectual property rights. Acusensus says it is reviewing the claims and will defend its position, but has not provided any further details on the nature of the legal proceedings or the potential impact on its business.

Motio Upgrades FY25 Guidance

Motio Limited (ASX:MXO) has announced an upgrade to its guidance for the Financial Year 2025 (FY25) due to stronger than expected trading conditions. The company has experienced a period of elevated performance in its national advertising business, as well as increased spending in its programmatic channel.

As a result, Motio has upgraded its revenue guidance from $8.5-$8.9M+ to $9.0 to $9.5M, and its cash EBITDA target from $1.35M+ to $1.9M+. The company also reports a cash balance of $2.65M as of June 18, 2025.

Archtis Ltd Pauses and Suspends Trading

Archtis Ltd has announced a temporary pause in trading of its securities, pending a further announcement from the company. No details were provided on the reason for the trading pause.

Subsequently, Archtis Ltd (AR9.ASX) has been immediately suspended from quotation by ASX under Listing Rule 17.3.2 to prevent a disorderly or uninformed market. ASX has issued a price query to the company.