Harvest Technology Group (ASX:HTG) Advances Profit Pathway One Year Early
Accelerated Pathway to Profit
Harvest Technology Group Limited (ASX:HTG) announced it is tracking one year ahead of schedule on its 3-Year Pathway to Profit strategy. The company forecasts over a 50% reduction in EBITDA loss for FY25 compared to FY24, driven by streamlined operations, increased margin capture, and reduced operating expenses.
Product and Technology Expansion
The company is set to launch NEON in the first half of FY26, an Edge AI-enabled solution that enhances remote operations with powerful edge computing, video/audio recording, and playback capabilities. This launch builds on Harvest’s leadership in ultra-low bandwidth livestreaming and remote operations technology.
Strategic Growth Initiatives
Harvest is accelerating revenue and margin growth through recurring software licensing and bundled solution offerings. The enhanced go-to-market model targets the Marine, Defence, and Industrial sectors, supported by a growing pipeline with significant interest from global defence integrators. Additionally, Harvest has initiated dual trading on the Frankfurt Stock Exchange (FSE:HTE) to broaden access to European capital markets, enhancing liquidity and global visibility.
Operational Scalability and Market Position
The company has right-sized its operations to scale globally, aligning with global energy and defence megatrends. Harvest’s business is positioned to expand beyond telemetry to include secure real-time video and audio transmission, ensuring a robust market position.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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