Group 1 - SoundHound AI, Inc. (SOUN) shares increased by 9.2% to $10.73, following a period of 2.8% loss over the past four weeks, indicating a significant trading volume [1][2] - The recent stock rally is attributed to investor enthusiasm driven by the overall rise in artificial intelligence stocks and confidence in the company's voice-AI capabilities, particularly in automotive and restaurant sectors [2] - The company is expected to report a quarterly loss of $0.06 per share, which is a 45.5% improvement year-over-year, with revenues projected at $33.03 million, reflecting a 145.4% increase from the previous year [3] Group 2 - The consensus EPS estimate for SoundHound AI has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without earnings estimate revisions [4] - SoundHound AI holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other stocks in the same industry [5] - Amdocs, a peer in the Computers - IT Services industry, has a Zacks Rank of 4 (Sell) and reported a slight increase of 0.3% in its stock price, contrasting with its -0.8% return over the past month [5][6]

Company Overview - Sagtec Global Limited has signed a US$10 million agreement with SMD Tech to develop a smart hospitality technology solution, marking its entry into the US$30 billion smart tourism sector [1][2] - The company specializes in customizable enterprise software solutions, primarily serving the Food & Beverage sector, and is expanding into the hospitality technology domain [7] Contract Details - The contract includes the development and management of a next-generation Hotel Self Check-In/Out System, which encompasses software licensing, systems integration, data analytics, and long-term service and maintenance [2][3] - Over 60% of the contract value is expected to generate multi-year recurring revenue streams, indicating a stable revenue model for the company [3] Market Context - The UAE's hospitality sector is experiencing significant digital transformation, driven by government initiatives and a rebound in travel post-pandemic, with the market projected to reach US$37.7 billion by 2033, growing at a CAGR of 5.2% from 2025 [5][6] - Sagtec's solutions are designed to enhance operational efficiency and customer experience, which are critical for premium hospitality operators in the region [6] Strategic Importance - The partnership with SMD Tech is seen as a strategic move that not only showcases Sagtec's innovation capabilities but also opens new market opportunities in a rapidly growing tourism economy [4]

Company Overview - Sagtec Global Limited is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector, and also offers software development, data management, and social media management [5] - The company operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd [5] Recent Developments - Sagtec announced the successful delivery of 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to its exclusive UAE partner, SMD Tech, invoiced at US$1,345,000 [1][2] - This delivery represents 80% fulfillment of the initial 10,000-license commitment under a five-year Master Dealership Agreement with SMD Tech [2] Strategic Impact - The integration of FoodKiosk machines adds a critical hardware component to the Speed+ ecosystem, enabling a fully automated customer ordering experience in both dine-in and quick-service environments [2] - The installed Speed+ platform allows for real-time order management, advanced analytics, and automated marketing integration, which helps businesses reduce wait times, optimize manpower, and enhance customer engagement [3] Market Context - There is a growing regional demand for contactless ordering and smart automation, with the Middle East's cloud-based POS market projected to reach US$1 billion by 2030 [4] - SMD Tech's local presence and domain knowledge are accelerating deployment across key commercial zones, including malls, airports, and major F&B franchise groups [4]

Core Viewpoint - Sagtec Global Limited reported strong financial results for the fiscal year 2024, achieving a record revenue of US$11.6 million, reflecting a 78% year-over-year growth, driven by robust performance across all core verticals and strategic market expansions [2][3][5]. Financial Results - Total revenue for fiscal year 2024 was US$11.6 million, a 78% increase from US$6.5 million in fiscal year 2023 [3][4]. - Revenue from services surged by 122% to US$6.9 million, while revenue from tangible products grew by 50% to US$4.8 million [4][6]. - Gross profit increased by 49% year-over-year to US$2.8 million, with EBITDA standing at US$2.1 million, reflecting a 17.7% margin [5][10]. - Net income for fiscal year 2024 was US$1.6 million, up from US$1.0 million in fiscal year 2023, with earnings per share increasing by 56% to US$0.14 [7][11]. Cost Structure - Cost of service increased by 140% to US$5.9 million, driven by higher server capacity and maintenance expenses [8][14]. - Total cost of sales reached US$8.9 million, an 89% increase from US$4.7 million in fiscal year 2023 [7][8]. Cash Position and Capital Allocation - Net cash generated from operating activities was US$1.3 million, a 134% increase from US$0.5 million in fiscal year 2023 [12]. - Cash and cash equivalents improved significantly to US$82 thousand, compared to -US$52 thousand in the previous year [15]. Strategic Focus - The company aims to accelerate expansion into key regional markets, including Indonesia and Hong Kong, to capitalize on the growing demand for its innovative solutions [2]. - Sagtec is shifting its business model away from rental services to direct machine sales, enhancing its operational efficiency [6]. Company Overview - Sagtec Global Limited specializes in customizable software solutions, primarily serving the Food & Beverage sector, and also operates power-bank charging stations across Malaysia [16].

KUALA LUMPUR, Malaysia, March 27, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, proudly announced its expansion to Indonesia through a Master Dealership Agreement with PT Kiwari Asih Solusi (“Kiwari”), appointing Kiwari as the exclusive master dealer for Sagtec’s Speed+ Could Base Smart Ordering System (“Speed+”). Kiwari has committed to a minimum annual purchase of 10,000 licenses, generating an estimated re ...