3 ASX Technology Stocks Moving Higher on Tuesday: What’s Behind the Gains?

Sonal Goyal

27 October 2026 02:26 PM AEDT

3 ASX Technology Stocks Moving Higher on Tuesday: What’s Behind the Gains?

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Key Highlights

DXN (ASX:DXN) traded at $0.285, up 11.77%. FY26 revenue was $10.1 million, down 33%, while backlog reached $40.9 million at 30 August 2026.
Hiremii (ASX:HMI) traded at $0.036, up 12.50%. FY26 revenue was $32.4 million, up 8.6%, with adjusted EBITDA of $0.03 million.
Iondrive (ASX:ION) traded at $0.092, up 12.20%. Oklahoma accepted Iondrive’s Quality Jobs application, with about US$5.2 million of potential benefits identified for Module 1.

Shares in DXN Ltd (ASX:DXN), Hiremii Ltd (ASX:HMI) and Iondrive Ltd (ASX:ION) were trading higher during the 27 October 2026 trading session: DXN (ASX:DXN) at $0.285, up 11.77%; Hiremii (ASX:HMI) at $0.036, up 12.50%; Iondrive (ASX:ION) at $0.092, up 12.20%. The S&P/ASX 200 index was at 8,817.80, up 0.090% (7.90 points), at 12:36 pm GMT+11. Three technology companies with data centre, workforce software and rare earth recycling businesses traded higher.

DXN Ltd (ASX:DXN)

DXN shares traded at $0.285, up 11.77%, during the session. DXN reported FY26 revenue of $10.1 million, backlog of $40.9 million at 30 August 2026 and a maiden AI high-performance compute contract. The company held $11.0 million in cash at 30 June 2026.

Hiremii Ltd (ASX:HMI)

Hiremii shares traded at $0.036, up 12.50%, during the session. Hiremii reported FY26 revenue of $32.4 million, gross profit of $3.7 million and adjusted EBITDA of $0.03 million, in an announcement dated 26 August 2026. The company raised $2.4 million before fees in FY26.

Iondrive Ltd (ASX:ION)

Iondrive shares traded at $0.092, up 12.20%, during the session. Oklahoma formally accepted Iondrive’s Quality Jobs application, advancing about US$5.2 million of potential Module 1 incentives, though none has been awarded. The company is pursuing a US$18 million USDA-backed facility.

Sector Context

The S&P/ASX 200 index was at 8,817.80, up 0.090% (7.90 points), at 12:36 pm GMT+11. Technology companies on the ASX range from hardware builders to software platforms, and report differently on backlog, subscriptions and project milestones.

What to Watch Ahead

Items noted in the companies’ materials include backlog conversion and the AI proof of concept for DXN, the AGM vote on the name change for Hiremii and eligibility determination and lender approvals for Iondrive.

Risks

Factors noted in the materials include contingent follow-on opportunities at DXN, a thin gross margin and near-breakeven EBITDA at Hiremii and incentives and loans not yet awarded at Iondrive. Share price moves reflect a single trading session.

The Bottom Line

DXN, HMI and ION rose during the session. Their updates cover annual results, a rebrand and an incentive application.

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