These two tech stocks had a good news today to boost its shares.
Archer Materials Limited (ASX: AXE)
Archer Materials Limited (ASX: AXE) Ltd has announced the launch of its TMR sensor project, leveraging its quantum expertise to develop bespoke sensors for industrial applications. The company is set to optimise the TMR sensor design and engage with potential customers, potentially accelerating revenue generation while continuing progress on its flagship 12CQ quantum computing project. Notable advancements were also made in the Biochip program, with a significant reduction of 97% in the size of the Biochip’s graphene field-effect transistor (gFET) design through collaboration with a foundry partner. This cost-effective miniaturisation improves manufacturing readiness and positions the Biochip closer to feasibility for chronic kidney disease detection. Enhanced testing accuracy further supports this goal.
Key progress was achieved in the 12CQ project with the development of new device architecture enabling the observation of the “Coulomb Blockade” phenomenon at room temperature. This milestone reflects improved control of the quantum system. Additionally, extended spin coherence lifetimes were demonstrated for Archer’s proprietary carbon nanospheres and novel carbon films, with increased reproducibility across samples—a critical step toward scalable manufacturing. The company remains in a strong financial position with $16.8 million in cash and no debt. Archer also received a $2.1 million rebate under Australia’s R&D Tax Incentive program, ensuring sufficient funding to advance its technological milestones.
Management highlighted the strategic focus on expanding its technology pipeline with the TMR sensor project, which leverages the company’s quantum capabilities to address industrial market needs. This initiative is expected to unlock new revenue opportunities while complementing existing efforts in quantum computing and Biochip development. Archer’s Biochip team has made strides toward at-home testing for chronic kidney disease by refining the gFET sensor design, processing, and operation. Parallel advancements in the 12CQ quantum project bolster the feasibility of room-temperature quantum computing with scalable materials and architectures. Archer’s combination of cutting-edge innovation, a well-capitalized balance sheet, and a strong technical team positions it to deliver value as it advances its transformative technologies toward commercialization.
Etherstack Plc (ASX: ESK)
Etherstack Plc (ASX: ESK) announced on 22 January 2025 that it had secured a new contract valued at AUD $519,000 (approx. USD $327,000) for the provision of digital radio technology to a mine site in Western Australia. This marks the eighth communication network deployment for the world’s largest iron ore producer, reinforcing Etherstack’s position as a trusted technology provider in the resource sector. The company’s customer, Radlink Communications, a long-standing partner, will implement Etherstack's APCO P25 digital communications technology. The contract, expected to generate revenue in the first half of the current financial year, is also likely to lead to a stream of recurring support revenues, typical for utility, public safety, and resource sector contracts, which tend to span over ten years. Etherstack has also made notable progress in its international business development, with increasing support revenues from various digital radio networks for public safety agencies worldwide, alongside multiple utilities in the US, Canada, and Australia.
Additionally, Etherstack announced a significant US$1.2 million agreement with AT&T Services Inc. for the supply of wireless network equipment and associated services. The partnership is part of Etherstack’s ongoing involvement in AT&T’s FirstNet project, the largest mission-critical push-to-talk initiative globally. This deal further solidifies Etherstack’s capability to provide cutting-edge solutions for major telecommunications and switch vendors. Financially, Etherstack’s half-year results for the period ending June 30, 2024, showed a 14% increase in revenue, reaching $3.26 million, primarily driven by defense sector projects and growth in support revenues. While the company reported a statutory net loss of $1.49 million for the period, strong cash receipts of $4.58 million and positive operating cash flow of $869,000 highlighted improved financial performance. Looking forward, Etherstack anticipates a stronger second half of the year, driven by the completion of key project milestones and new opportunities across various sectors.
Source: Company’s Report
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