Eye-tracking and facial recognition specialist Seeing Machines Limited (LON:SEE) expects to beat market expectations when it reports its full-year results next month.
For the 12 months ended 30 June, the Australia-based, London-listed group generated total revenues “in excess of” A$13mln. That’s more than double what it posted last year on a like-for-like basis.
Elsewhere in the technology sector, FairFX Group Plc (LON:FFX) has agreed to acquire digital banking and current account group CardOne for £15mln in a deal the currency card specialist flagged last week.
A conditional placing to raise a net £25mln at 58p per share will fund the acquisition, with up to a further £1mln to come from an open offer.
The revised product strategy at mporium Group PLC (LON:MPM) is driving improved performance, the digital marketing services provider told investors, as it unveiled a narrower half-year loss despite a substantial increase in the size of the work force.
In the resources sector, Amur Minerals Corporation (LON:AMC) has unveiled what it highlights as a ‘record drill result’ at the Kun Manie project in Russia’s far east, where it is advancing a drill programme designed to expand the project.
The company kicked off the programme in May, and it has so far drilled out some 13,142 metres - with just over 6,000 metres at the IKEN area and 7,136 metres at the KUB area. It accounts for around 65% of the planned programme.
Meanwhile, Range Resources Ltd (LON:RRL) is moving in a new direction, with the acquisition of an interest in oil and gas assets in Indonesia.
In a deal worth US$3.2mln, paid out of existing cash resources, the company is acquiring an initial 23% stake in the Perlak field which is said to have a long history of oil production.
IronRidge Resources Ltd (LON:IRR) has appointed a new exploration manager to support the group’s ongoing expansion in Africa. Joe Clarry takes up the role which will see him work closely with the existing management team to oversee the company's diverse and extensive project pipeline throughout Ghana, Chad, Ivory Coast, Gabon and Australia.
In the biotech space, Clinigen Group PLC (LON:CLIN) said the European Commission has approved an update to the product information for a key oncology product that would allow doctors to consider its use in children.
The label change relates to Cardioxane, which is given to protect the heart against certain chemotherapies called anthracyclines.
The AIM-listed incubator company Frontier IP Group Plc (LON:FIPP) has added a new investment to its portfolio. It is taking a 21% stake in The Vaccine Group, a spinout company from the University of Plymouth. In return it will provide commercialisation services, industry expertise and “strong links” to the pharmaceutical sector.
Another investment company, emerging markets income specialist APQ Global Limited (LON:AQ) has announced the appointment of Yan Naung Lynn to its International Advisory Council (IAC), with immediate effect. It added that, in his role on the IAC, Yan will be focused on investment opportunities in the region of Southeast Asia, with particular expertise in Myanmar.
Finally, Real Good Food PLC (LON:RGD) has undertaken a boardroom clear-out following last week’s shock profit warning and revelation of undisclosed consultancy payments to directors. Pieter Totté, executive chairman, has resigned with immediate effect along with finance director David Newman.