A broadly constructive day for small-cap technology, with trading updates and commercial milestones dominating the agenda. Next 15 Group set an optimistic tone with a positive start-of-year update, while IntelliAM AI reported meaningful early commercial traction and Quartix Technologies reaffirmed its full-year outlook on the back of solid first-half revenue.
Next 15 Group on track for full-year growth
Next 15 Group signalled an encouraging start to its financial year, with chief executive Sam Knights pointing to Digital Transformation as the key growth driver. The group said it remains on track to deliver full-year growth, with the early trading update providing reassurance to investors following what has been a period of broader uncertainty in the marketing and technology services sector.
Quantum Blockchain Technologies produces first AI Oracle models
Quantum Blockchain Technologies (AIM:QBT) reached a development milestone after its University of Milan research team generated initial AI Oracle models trained on data from an ASIC manufacturer's platform. The models represent the first output from QBT's AI-driven mining optimisation programme, with live testing on the Mining Development Kit set to follow once the models clear defined performance thresholds. The shares edged down 2.72% to 0.3502p.
IntelliAM AI books £200,000 in Q1 orders across six customers
IntelliAM AI (AIM:INT) secured £200,000 in purchase orders during the first quarter, spread across six customers and spanning both new wins and platform conversions. New business came from Chivas Brothers, Yeo Valley and Valeo Confectionery, while Edinburgh Airport, Tennent's and Scottish Shellfish were converted from a legacy system onto IntelliAM's AI predictive maintenance software. The shares were quoted at 84.0p.
Quartix Technologies reaffirms guidance as recurring revenue grows 11%
Quartix Technologies (AIM:QTX) estimated first-half revenue of £19.4m and reaffirmed its full-year guidance, underpinned by 11% growth in annualised recurring revenue. The vehicle tracking group's update pointed to a stable subscription base and continued momentum in its core fleet management business. The shares slipped 2.18% to 220.1p.
