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Harvest Technology Group Ltd. ( (AU:HTG) ) has issued an announcement.
Harvest Technology Group reported first-half FY26 revenue of $2.73 million and a reduced EBITDA loss of $0.52 million, with December-quarter cash receipts of $2.534 million delivering a small positive operating cash flow and quarter net cash outflow of $390,000. The company strengthened liquidity through an additional $1 million drawdown on its existing funding facility, receipt of a $1.279 million R&D tax incentive rebate and $730,000 legal settlement, and the repayment of $1.2 million of convertible notes, ending the period with $782,000 in cash and $3.5 million in undrawn facilities. Operationally, Harvest advanced its Nodestream technology rollout via an exclusive MENATISA reseller deal with Pyxis Controls, a memorandum of understanding with Annex Digital to pursue government and defence tenders, and the production deployment of a national maritime surveillance system scaling beyond 30 unmanned surface vessels. The company reported growing traction in defence and marine markets, including initial and follow-on NATO-related orders, new field testing by a major U.S. defence contractor, increased uptake from existing marine customers seeking enterprise licences, and the development of a dedicated defence strategy, while intensifying investor relations efforts and roadshows amid rising European interest in defence-related technology.
The most recent analyst rating on (AU:HTG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Harvest Technology Group Ltd. stock, see the AU:HTG Stock Forecast page.
More about Harvest Technology Group Ltd.
Harvest Technology Group Ltd is an Australian technology company focused on its Nodestream™ low-bandwidth, high-security communications platform, targeting sectors including national security, defence, energy, marine, and government communications. The Group provides solutions to support remote operations, autonomous and unmanned systems, and integrated surveillance, with a growing strategic emphasis on defence and maritime applications in regions such as MENATISA, NATO markets, and the United States.
Average Trading Volume: 937,432
Technical Sentiment Signal: Sell
Current Market Cap: A$22.79M
For a thorough assessment of HTG stock, go to TipRanks’ Stock Analysis page.