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
Invion (ASX:IVX): Using Photodynamic Therapy to fight cancer
Unless you’re a professional dermatologist, you may not have ever heard of Photodynamic Therapy, let alone thought of it as…
Bio Gene Technology (ASX:BGT): Commercialising a new class of insecticides
Bio Gene Technology (ASX:BGT) ASX-listed AgTech company developing two compounds – Flavocide™ and Qcide™ – as insecticides. Investors may hear…
Paradigm Biopharmaceuticals (ASX:PAR): An osteoarthritis solution that could hit the market within 3 years
If you thought the were plenty of treatments for osteoarthritis already, Paradigm Biopharmaceuticals (ASX:PAR) is a company that has something…
Cann Group (ASX:CAN): Successfully producing GMP medicinal cannabis since 2017
Cann Group (ASX:CAN) is the first company in Australia that was issued a medicinal cannabis license, granted by the Australian…
CET1 ratio: If you invest in ASX bank stocks, here’s why it is an important metric to know
In this article we look at the Common Equity Tier 1 (CET1) ratio – what it is and why it…
Star Entertainment Group (ASX:SGR): Where to now in a post-COVID world? Can it avoid a looming cash crunch?
In a July interview with the AFR, Star Entertainment Group boss Steve McCann admitted that his company’s pre-pandemic glory days…
Frequently Asked Questions
Unith is best known for so-called its Talking Heads - AI-powered avatars with realistic expressions and conversational abilities.