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Dorsavi Ltd (ASX:DVL)

ALERT: Price-sensitive ASX Announcement for DVL
Current share price for DVL : $0.030 -0.022 (-42.31%)+
Release
28 Oct 2025 9:51AM
Price at Release
$0.052
Full Release
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Summary
Dorsavi Ltd released its Quarterly Activities and Cash Flow Report for the quarter ending 30 September 2025, highlighting their initiation of RRAM sensor testing and the formation of Artemis Labs Pty Ltd. The company signed a significant five-year sales agreement with a US Physical Therapy franchise and reported early signs of scale in the US market for its ViMove+ product. Financially, Dorsavi completed an oversubscribed $5.0 million Placement and ended the quarter with a cash balance of $6.257 million. Key executive appointments included Mathew Regan as Group CEO and Edward Doller as Strategic Adviser to accelerate RRAM innovation and global expansion efforts.
Key Points
  • Initiation of RRAM sensor testing in Singapore.
  • Formation of Artemis Labs Pty Ltd for RRAM powered AI and robotics.
  • Five-year sales agreement with a US Physical Therapy franchise.
  • ViMove+ product showing early scaling in the US market.
  • Completion of a $5.0m Placement to fund technology expansion.
  • Cash balance at the end of the quarter was $6.257m.
  • Appointment of Mathew Regan as Group CEO.
  • Appointment of Edward Doller as Strategic Adviser.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.