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
Is NAB (ASX: NAB) the best Big 4 bank?
NAB (ASX: NAB) is one of Australia’s so-called “Big Four” Banks and is the second largest by market capitalization –…
3 reasons to stay away from Credit Corp (ASX:CCP) right now
On 2 August, the ASX’s largest pureplay debt collector Credit Corp (ASX:CCP) was one of the first companies to release…
Block (ASX: SQ2) results disappoint, but FY23 is looking better
Block (ASX: SQ2) shares in Australia and on Wall Street fell on Friday after the company’s 2Q22 results. Shares had…
Zeotech (ASX: ZEO) has a great future ahead!
Who is Zeotech? Zeotech (ASX: ZEO) is a mineral processing company. It was primarily an explorer for kaolin deposits through…
DGL Group’s (ASX: DGL) CEO created a massive buying opportunity
DGL reached our $4 target price in April DGL Group (ASX: DGL) is an end-to-end chemicals business operating across Australia…
Can Pro Medicus (ASX: PME) live up to market expectations?
Who is Pro Medicus (ASX:PME)? Pro Medicus (ASX: PME) develops and sells picture archiving and communication systems (PACS) and radiology…
Frequently Asked Questions
Unith is best known for so-called its Talking Heads - AI-powered avatars with realistic expressions and conversational abilities.