tiprankstipranks
Trending News
More News >
Harvest Technology Group Ltd. (AU:HTG)
ASX:HTG
Australian Market

Harvest Technology Group Ltd. (HTG) AI Stock Analysis

Compare
4 Followers

Top Page

AU

Harvest Technology Group Ltd.

(Sydney:HTG)

Rating:44Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall stock score is heavily influenced by severe financial weaknesses, including negative revenue growth and high leverage. Technical indicators suggest limited short-term upside, compounded by unattractive valuation metrics due to ongoing losses.

Harvest Technology Group Ltd. (HTG) vs. iShares MSCI Australia ETF (EWA)

Harvest Technology Group Ltd. Business Overview & Revenue Model

Company DescriptionHarvest Technology Group Ltd. (HTG) is a technology company specializing in remote operations and communications solutions. The company operates primarily in the energy, resources, and maritime sectors, providing advanced software and hardware products designed to enable real-time data transfer, management, and remote operations. Their core services include remote video streaming, data transmission, and secure communications solutions, aimed at enhancing operational efficiency and safety for industries operating in challenging environments.
How the Company Makes MoneyHarvest Technology Group Ltd. generates revenue through the sale and licensing of its proprietary technologies and products. The company offers a range of software solutions and hardware systems that are designed to facilitate secure and efficient remote communications in harsh and remote environments. Revenue streams include licensing fees for software platforms, sales of communication hardware, and service contracts for ongoing support and maintenance. Key partnerships with major industry players in sectors such as maritime and energy also contribute to their earnings, as these collaborations often lead to recurring revenue through long-term contracts and joint ventures.

Harvest Technology Group Ltd. Financial Statement Overview

Summary
Harvest Technology Group Ltd. is facing significant financial challenges, with persistent losses, high leverage, and negative cash flows. The company's inability to generate profit and positive cash flow raises concerns about its financial health and sustainability in the software application industry.
Income Statement
25
Negative
The company has experienced a significant decline in revenue compared to earlier years, with a negative revenue growth trend. Consistent negative EBIT and net income indicate ongoing operational challenges and lack of profitability. Margins are deeply negative, reflecting inefficiencies or high expenses relative to revenue.
Balance Sheet
15
Very Negative
The debt-to-equity ratio is extremely high due to negative stockholders' equity, indicating financial instability and high leverage. The negative equity ratio suggests that liabilities exceed assets, presenting a risky financial position.
Cash Flow
20
Very Negative
Cash flow from operations is consistently negative, reflecting poor cash generation from core activities. The free cash flow is also negative, indicating that the company is not generating sufficient cash to cover operational and capital expenditures. This poses a concern for liquidity and long-term sustainability.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue4.24M2.65M3.04M2.15M2.09M11.56M
Gross Profit-456.32K2.19M-7.05M-9.07M-3.58M-1.29M
EBITDA-11.35M-12.30M-7.39M-11.14M-7.63M-3.24M
Net Income-14.42M-13.33M-10.00M-14.50M-10.24M-6.15M
Balance Sheet
Total Assets2.57M3.49M10.57M18.75M24.60M26.36M
Cash, Cash Equivalents and Short-Term Investments677.96K444.94K992.02K4.50M6.76M11.31M
Total Debt8.81M6.60M5.54M5.65M4.11M6.78M
Total Liabilities10.30M9.18M6.98M7.33M8.77M13.72M
Stockholders Equity-7.73M-5.69M3.59M11.42M15.83M12.64M
Cash Flow
Free Cash Flow-3.89M-4.83M-4.64M-9.83M-9.43M-1.17M
Operating Cash Flow-5.26M-4.80M-4.59M-9.00M-9.04M-1.08M
Investing Cash Flow1.38M70.05K-149.41K-1.53M-1.34M-3.89M
Financing Cash Flow3.93M4.19M1.23M8.27M5.83M14.10M

Harvest Technology Group Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Positive
RSI
67.94
Neutral
STOCH
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HTG, the sentiment is Positive. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 67.94 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HTG.

Harvest Technology Group Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$34.07B6.13-11.73%1.80%5.33%-18.31%
AU1CG
50
Neutral
AU$11.82M-86.94%26.58%32.43%
AUPFM
47
Neutral
AU$15.19M-25.95%26.33%31.67%
AUHTG
44
Neutral
AU$16.36M
0.82%-58.82%
AUAMX
44
Neutral
AU$20.42M-24.21%-11.35%-49.13%
AUSIS
39
Underperform
AU$5.89M
-8.86%38.46%
AUNVU
35
Underperform
AU$40.60M-243.28%-32.45%33.72%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:HTG
Harvest Technology Group Ltd.
0.02
0.01
100.00%
AU:AMX
Aerometrex Ltd.
0.22
-0.23
-51.11%
AU:1CG
UUV Aquabotix Ltd.
0.01
-0.01
-50.00%
AU:PFM
Cape Range Ltd.
0.08
-0.06
-42.86%
AU:SIS
Simble Solutions Ltd.
AU:NVU
Nanoveu Ltd.
0.05
0.03
150.00%

Harvest Technology Group Ltd. Corporate Events

Harvest Technology Group Issues Shares Under Employee Incentive Plan
Jul 2, 2025

Harvest Technology Group Limited has issued 13,071,574 fully paid ordinary shares under its Employee Incentive Plan, as announced on 2 July 2025. This issuance is exempt from disclosure requirements under section 708A(5) of the Corporations Act 2001, allowing for the on-sale of these shares. The company confirms compliance with relevant legislative provisions and assures that no undisclosed information would impact investors’ ability to assess its financial standing or the rights attached to the shares.

Harvest Technology Group Ltd Lists New Securities on ASX
Jul 2, 2025

Harvest Technology Group Ltd announced the quotation of 13,071,574 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of July 2, 2025. This move, involving securities issued under an employee incentive scheme, is expected to strengthen the company’s market position and provide liquidity, potentially enhancing shareholder value.

Harvest Technology Group Ltd Issues Convertible Notes to Enhance Financial Strategy
Jul 2, 2025

Harvest Technology Group Ltd announced the issuance of 255 convertible notes as part of a previously announced transaction. This move is part of their strategic financial operations, potentially impacting their market positioning and offering opportunities for stakeholders to engage with the company’s growth initiatives.

Harvest Technology Group Invests in TRU Recognition to Enhance Visual AI Capabilities
Jul 1, 2025

Harvest Technology Group Limited has announced its subscription for convertible notes in TRU Recognition Holdings Ltd, with an initial investment of $255,000 and an option to invest an additional $245,000. This strategic move aims to leverage TRU’s vision-based technology platform, which transforms camera networks into intelligent business tools, potentially complementing Harvest’s Nodestream technology. The collaboration could unlock new use cases for intelligent video and visual AI, enhancing business impact without significant infrastructure changes. This investment may also pave the way for a potential partnership between the two companies.

Harvest Technology Group Ltd Announces Proposed Issue of Convertible Notes
Jul 1, 2025

Harvest Technology Group Ltd has announced a proposed issue of securities, specifically 500 convertible notes, with the aim of enhancing its financial position and supporting future growth initiatives. This strategic move is expected to strengthen the company’s market position and provide additional resources for its ongoing technological advancements, potentially benefiting stakeholders by improving the company’s operational capabilities and market competitiveness.

Harvest Technology Group Secures $500,000 Funding for Growth
Jul 1, 2025

Harvest Technology Group Limited has secured $500,000 in funding through unsecured convertible notes from sophisticated investors at Alto Capital. This funding supports their three-year pathway to profit plan, demonstrating strong investor confidence and potentially enhancing their market position in the remote operations industry.

Harvest Technology Group Ltd Announces Convertible Notes Issuance
Jun 27, 2025

Harvest Technology Group Ltd announced a proposed issue of 255 convertible notes, set to be issued on June 30, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its financial flexibility and market positioning. The issuance could attract investor interest and support the company’s growth initiatives.

Harvest Technology Group Surpasses Profit Milestones Ahead of Schedule
Jun 16, 2025

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.

Harvest Technology Group Shifts Share Registry Services to Xcend
Jun 13, 2025

Harvest Technology Group Limited announced a change in its share registry services, transferring responsibilities from Computershare Investor Services Pty Limited to Xcend Pty Ltd, effective 16 June 2025. This transition to XCEND is expected to enhance shareholder management through a secure online portal, allowing efficient handling of shareholder details, transactions, and documents, potentially improving stakeholder engagement and operational efficiency.

Harvest Technology Group Reports Financial and Operational Progress in Q3 FY2025
Apr 30, 2025

Harvest Technology Group Ltd. reported a 19% improvement in EBITDA on a normalized basis for Q3 FY2025, alongside a significant increase in cash receipts and revenue. The company is seeing positive impacts from cost-saving measures and a doubling of its sales pipeline due to new partnerships. Key developments include the launch of new hardware devices, a major software upgrade, and ongoing strategic efforts to enhance profitability and revenue growth, with a focus on expanding reseller partnerships and improving gross margins.

Harvest Technology Group Expands European Presence with Frankfurt Listing
Apr 22, 2025

Harvest Technology Group Limited has listed its shares on the Frankfurt Stock Exchange’s Open Market, aiming to expand its investor base and increase visibility in European capital markets. This strategic move aligns with HTG’s growth objectives, particularly in sectors like defence, cybersecurity, aerospace, and telecommunications, where European demand is growing. The listing is expected to enhance liquidity and attract new investors without diluting existing shareholders, as no new shares will be issued. HTG plans a targeted European investor engagement program in June 2025 to showcase its technologies and align its investor base with its commercial footprint.

Harvest Technology Group Issues New Shares Under Employee and Consultant Plans
Apr 8, 2025

Harvest Technology Group Limited has issued 8,346,103 fully paid ordinary shares, with 5,336,906 shares allocated under the Employee Incentive Plan and 3,009,197 shares issued to consultants for services. This issuance is exempt from disclosure requirements under the Corporations Act, allowing for the on-sale of these shares. The company confirms compliance with relevant provisions of the Act and assures that no undisclosed information would affect investors’ assessments of the company’s financial standing or the rights attached to the shares.

Harvest Technology Group Ltd Issues New Securities Under Employee Incentive Scheme
Apr 8, 2025

Harvest Technology Group Ltd announced the issuance of 5,336,906 ordinary fully paid securities, which will be quoted on the ASX. This move is part of an employee incentive scheme, reflecting the company’s commitment to rewarding its workforce and potentially enhancing its market position by aligning employee interests with shareholder value.

Harvest Technology Group Ltd Announces Quotation of New Securities
Apr 8, 2025

Harvest Technology Group Ltd has announced the quotation of 3,009,197 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s market presence and provide additional liquidity for stakeholders.

Harvest Technology Group Announces Proposed Securities Issue
Apr 7, 2025

Harvest Technology Group Ltd has announced a proposed issue of 3,009,197 ordinary fully paid securities, set for issuance on April 8, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s capital structure and market positioning, offering new opportunities for growth and investment.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 04, 2025