TECH BULLETIN

Tuesday, August 4, 2026

Tech Market Context: Macro Drivers

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Market Commentary

Today's Interesting Company News

Spectra Systems: New Licensing Agreement

(LSE/AIM:SPSY) Spectra Systems Corporation has executed a licensing agreement with Oberthur Fiduciare SAS for Kryptonome, a new public security feature for polymer banknote patented by Oberthur Fiduciare SAS. The gravure cylinder design for Kryptonome was jointly developed by Spectra's secure printing group, formed from the acquisition of Cartor Security Printers in December of 2023, and Riverside Gravure Ltd. Spectra and Riverside Gravure Ltd have patent pending intellectual property which is expected to issue in 2027. Dr. Nabil Lawandy, Chief Executive Officer, stated that the product can be manufactured at high speeds on their gravure presses. The announcement states that Kryptonome is a highly robust security feature with a significant price point advantage over costly foils. The licensing agreement is described as being on favourable terms.

Cap-XX: Oversubscribed Retail Offer, Notice of GM & TVR

(AIM: CPX) CAP-XX Limited announced that the Retail Offer, which was oversubscribed, successfully completed and closed at 5.00 p.m. on 3 August 2026, raising gross proceeds of £0.1 million through the issue of 66,666,666 new Ordinary Shares at the Issue Price of 0.15 pence per share. The Company has conditionally raised aggregate gross proceeds of approximately £2.3 million at the Issue Price via the Fundraising. First Admission took place at 8.00 a.m. on 3 August 2026 when 869,599,016 New Ordinary Shares were admitted to trading on AIM. The Company will be required to issue and allot 663,733,350 Second Fundraising Shares, conditional upon the Resolution being passed at the General Meeting and Second Admission becoming effective at 8.00 a.m. on 3 September 2026. Application will be made to the London Stock Exchange for the 663,733,350 Second Fundraising Shares and 93,333,313 Director Fee Shares to be admitted to trading on AIM. Immediately following Second Admission, the issued share capital of the Company is expected to comprise 7,423,992,457 Ordinary Shares. The General Meeting will be held virtually at 5.00 p.m. AEST, 8.00 a.m. BST on 26 August 2026.

Stakk Lifts Combined Pro Forma FY26 Revenue 9pc to $45m

(ASX:SKK) Stakk has upgraded its combined pro forma FY26 revenue to approximately $45 million following final accounting. Stakk generated $14.66 million while ParaScript delivered $30.35 million, lifting group revenue 9%. The new total comes in well above the $41.3m estimate given when Stakk first announced plans to buy ParaScript on July 6, 2026. Standalone unaudited FY2026 revenue hit A$14.66 million for Stakk and A$30.35 million for US-based ParaScript. Together, these standalone results bump up the combined group’s historical revenue by about 9%, or A$3.7 million. The network will process over 100 billion digital interactions a year across banking, government, healthcare, and telecommunications. Stakk plans to release its preliminary FY2026 financial results later this month. The company projects that full pro forma figures for the combined business will come with that report.

FlexiRoam Signs Landmark Two-Year Agreement With Etihad Airways

(ASX: FRX) FlexiRoam has secured a major two-year enterprise agreement with Etihad Airways, consolidating three core operational use cases under a single recurring subscription framework. Under the master agreement, FlexiRoam will manage pooled data allowances for Etihad personnel, onboard aircraft routers, and pilot flight iPads across more than 125 countries. The agreement operates on a recurring monthly subscription model based on data pool access, provisioning fees, and usage-based charges. Recurring revenue represented 55% of the company's total revenue in FY26, reaching 66% in the fourth quarter. As at 30 June 2026, FlexiRoam's partnership with Mastercard covered 1,270 card programs across 418 issuing banks in 78 countries. FlexiRoam delivers connectivity through physical SIMs and digital eSIM technology across more than 190 countries by partnering with over 600 global telecom carriers. The company projects potential expansion into consumer-facing channels (B2B2C) with Etihad, including airline-funded data roaming for loyalty members or international passengers, subject to separate terms.

Teads Files Lawsuit Against Google Seeking Financial Damages Following Federal Court Antitrust Ruling

(NASDAQ:TEAD) Teads Holding Co. announced that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against Google LLC and Alphabet Inc. seeking financial damages and other legal remedies. The lawsuit follows a ruling by the U.S. District Court for the Eastern District of Virginia, which found that Google LLC had engaged in unlawful anticompetitive practices and monopolistic conduct in certain digital advertising technology markets. Teads' complaint alleges that Google's exclusionary ad tech practices restricted fair competition and limited growth and revenue potential for independent platforms, publishers, and advertisers. Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, New York, with a global team of around 1,700 people in 30+ countries. A copy of the complaint is attached as Exhibit 99.2 to Teads’ Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on August 3, 2026. The company projects that the outcome of the lawsuit and the amount of damages or other remedies it may recover are subject to risks, uncertainties, and other factors.

CACI Partners With Oracle to Deliver Federal Human Resources it Modernization to the Office of Personnel Management

(NYSE: CACI) CACI International Inc announced that it will serve as one of Oracle's technology partners for the U.S. Office of Personnel Management's (OPM) Federal Human Resources Information Technology (HRIT) Modernization contract, a 10-year contract worth nearly $400 million. CACI will work alongside Oracle, Baker Tilly, and Deloitte to modernize and consolidate disparate federal human resource systems into a single, secure, cloud-based platform for federal civilian employees. The consolidation of federal HR systems into a single shared platform is expected to reduce taxpayer costs by more than 90 percent while improving efficiency, security, and service delivery across the government. CACI will support the development, deployment, and implementation of the Oracle Fusion HCM SaaS solution, which will include embedded artificial intelligence, standardized data exchange, and continuously updated privacy and security protections. IPPS-A now supports more than 1.1 million soldiers and established a proven model for transforming complex federal HR systems.

Ultra Clean Reports Second Quarter 2026 Financial Results

(NASDAQ: UCTT) Ultra Clean Holdings, Inc. reported total revenue of $644.9 million for the second quarter ended June 26, 2026. Products contributed $572.7 million and Services added $72.2 million to total revenues. GAAP gross margin was 16.1%, operating margin was 4.6%, and net income was $8.7 million or $0.19 per diluted share, compared to a net loss of $(17.9) million or $(0.40) per diluted share in the prior quarter. On a non-GAAP basis, gross margin was 16.7%, operating margin was 7.0%, and net income was $32.3 million or $0.70 per diluted share. The company expects third quarter 2026 revenue in the range of $700 million to $750 million, with GAAP diluted net income per share between $0.67 and $0.87 and non-GAAP diluted net income per share between $0.83 and $1.03. Cash and cash equivalents as of June 26, 2026 were $255.9 million, and long-term debt was $599.4 million. Ultra Clean Holdings, Inc. is headquartered in Hayward, California and primarily serves the semiconductor industry.

Intuitive Machines Completes Acquisition of Goonhilly Earth Station and COMSAT

(NASDAQ:LUNR) Intuitive Machines, Inc. announced it has completed its previously announced acquisition of Goonhilly Earth Station Limited and completed the acquisition of COMSAT LLC, both deep space communications providers with major ground station assets in the United Kingdom and the United States. The company has built more than 300 spacecraft and delivered over 260 kilograms of payload to the lunar surface. Goonhilly provides Earth-to-space connectivity for spacecraft operating beyond geostationary orbit and delivers sovereign radio frequency Space Domain Awareness (SDA) data. COMSAT operates a portfolio of over 90 hosted and leased antennas and has supported satellite operators, service integrators, downstream data users, and government customers for more than five decades. IM-3, part of NASA’s CLPS initiative, returns Intuitive Machines to the Moon for the third time, while the Altus-1 mission launches the company’s first lunar data relay satellite. The company intends to leverage its expanded network for upcoming IM‑3 and Altus‑1 missions. The company projects increased capacity for communications, data transport, and PNT services, enabling customers to execute more complex operations with greater confidence and at a faster cadence.

Onsemi Reports Second Quarter 2026 Results

(NASDAQ:ON) onsemi announced its second quarter 2026 results, reporting revenue of $1,604 million, an increase of 9% year-over-year. The company achieved a GAAP gross margin of 38.4% and a non-GAAP gross margin of 39.3%, with a GAAP operating margin of 16.1% and non-GAAP operating margin of 20.8%. GAAP diluted earnings per share were $0.56, while non-GAAP diluted earnings per share reached $0.74. Cash from operations increased by 150% and free cash flow of $425.4 million quadrupled year-over-year, with share repurchases totaling $332 million, bringing year-to-date shareholder returns to approximately 105% of free cash flow. Business highlights include the planned acquisition of Synaptics, expansion in the NVIDIA MGX ecosystem, and strategic AI data center platform wins with Great Wall, a leading China cloud infrastructure power supplier. For the third quarter of 2026, onsemi projects revenue of $1,650 to $1,750 million, gross margin of 39.9% to 41.9% GAAP (40.0% to 42.0% non-GAAP), and diluted earnings per share of $0.79 to $0.91 GAAP ($0.81 to $0.93 non-GAAP). The company launched GaNEXUS, a gallium nitride power portfolio spanning 40V to 650V, and extended its leadership in automotive zonal architecture and on-board charging with Rivian’s R2 platform.

Gen Launches the Fearless Planet Index

(NASDAQ:GEN) Gen, a global leader dedicated to powering Digital Freedom through its family of trusted consumer brands, launched the Fearless Planet Index (FPI), a continuously updated Cyber Safety intelligence hub. The FPI tracks the most prominent threats across 245 countries and territories and detected 120M+ phishing attacks in the latest 30-day snapshot. Over 80% of categorized threats were scams or malicious advertising rather than traditional malware. North America recorded the highest average digital risk at 29.6%, followed by Europe at 28.5%, Asia-Pacific at 27.4%, Middle East & Africa at 25.6%, and Latin America at 22.0%. The FPI provides real-time insights into scams, cyber threats, and identity risks, helping people understand where threats are emerging and how to protect themselves. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection, and financial wellness to nearly 500 million users in more than 150 countries. The company projects that the FPI will help people see where digital risks are emerging, which scams are most active, and how those patterns evolve over time.

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