Unith Ltd
(ASX: UNT) Share Price and News
Introduction to Unith (ASX:UNT)
Unith is an ASX-listed technology company that is responsible for the Talking Heads platform. Talking Heads are digital avatars that can have one-on-one Facetime-like conversations with customers through human-like digital avatars in real time to answer queries, take payments and showcase products.
Compared to text-only chatbots, they provide a better experience for customers and are therefore more likely to convert and/or maintain customers.
Unith's History
Unith was formerly known as Crowd Media and offered subscription-based content products. It was founded in 2009 and listed on the ASX in 2015 after a reverse takeover of digital marketing company Q Ltd.
The company launched Talking Heads in 2022 off the back of all the years' experience it had gained in AI. Within months of launching, the company had secured several clients including one anonymous Big 5 Tech company (i.e. one of Apple, Amazon, Meta, Google and Netflix).
Unith's Future Outlook
Unith faces a positive outlook in light of the rise of AI and having a commercial product that has limited competition. The challenge for the company as a listed stock (and a not yet profitable tech company) will be managing investor sentiment and getting the bottom line into positive territory.
Is Unith (ASX:UNT) a Good Stock to Buy?
Unith represents an intriguing investment prospect in digital technology. The problem is that its share price has followed investor sentiment around AI generally, rather than because of individual achievements the company has made. This, combined with the fact that it is not profitable, makes it a more risky stock and one that investors should approach with caution.
Our Stock Analysis
Can we expect a bull market in 2023?
Will we see a bull market in 2023? Move over bears, Stuart Roberts from Stocks Down Under is bullish for…
Tesla lithium supplier Piedmont (ASX:PLL) signs a fresh deal to begin supply in 2023
Piedmont Lithium (ASX:PLL) is set to become one of the ASX’s Tesla lithium suppliers. The company announced overnight that it…
Which ASX health stocks might get FDA approval in 2023?
It is the dream of many ASX health stocks and their investors for their company’s device or drug to be…
Which ASX retail stocks are at risk of having a poor Christmas in 2022?
The best time of the year for ASX retail stocks is typically Christmas, due to the higher level of shoppers.…
Just how big of a hit will the $120m NSW casino tax be for Star Entertainment Group?
Star Entertainment Group (ASX: SGR) shares have taken a fresh hit thanks to investor fears over the NSW casino tax.…
Echo IQ (ASX: EIQ) is making great use of artificial intelligence
Echo IQ (ASX: EIQ) develops and commercialises AI-assisted diagnostics technology that enhances the diagnosis of structural heart disease starting with…
Frequently Asked Questions
Unith is best known for so-called its Talking Heads - AI-powered avatars with realistic expressions and conversational abilities.