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An update from Harvest Technology Group Ltd. ( (AU:HTG) ) is now available.
Harvest Technology Group Limited has announced that it is one year ahead of its 3-Year Pathway to Profit strategy, initially set in July 2024, marking a significant stride towards sustainable profitability. The company anticipates a more than 50% reduction in EBITDA loss for FY25, driven by streamlined operations and increased margin capture. The launch of its NEON product in 1H26, an edge AI-enabled solution, is set to enhance its existing ultra-low bandwidth livestreaming and remote operations technology. Harvest is also expanding its market reach with dual trading on the Frankfurt Stock Exchange and increased investor communication efforts, targeting sectors such as Marine, Defence, and Industrial. This strategic growth is supported by a growing pipeline and interest from global defence integrators, positioning the company for global scalability and alignment with energy and defence megatrends.
More about Harvest Technology Group Ltd.
Harvest Technology Group is a global leader in network-optimised remote operations, offering real-time control, communications, and monitoring through ultra-low bandwidth livestreaming. Based in Perth, Australia, the company focuses on transforming remote industrial services by enabling global connectivity in constrained bandwidth environments.
Average Trading Volume: 687,393
Technical Sentiment Signal: Sell
Current Market Cap: A$14.34M
See more data about HTG stock on TipRanks’ Stock Analysis page.