Three ASX Tech Stocks Slump Today: Vinyl Group, Sportshero and Stakk Shares Lower

Sonal Goyal

12 November 2026 09:34 PM AEDT

Three ASX Tech Stocks Slump Today: Vinyl Group, Sportshero and Stakk Shares Lower

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Key Highlights

Vinyl Group (ASX:VNL) closed at $0.033, Sportshero (ASX:SHO) at $0.032 and Stakk (ASX:SKK) at $0.015 on 12 November 2026.
The falls were 23.26%, 17.95% and 11.77% respectively on the session.
Vinyl's investor presentation is dated 12 November 2026, the same day as its share price move, while the other two updates predate it.

Three ASX technology and digital media companies closed lower on 12 November 2026. Vinyl Group (ASX:VNL) closed at $0.033, down 23.26%, Sportshero (ASX:SHO) closed at $0.032, down 17.95%, and Stakk (ASX:SKK) closed at $0.015, down 11.77%. The S&P/ASX 200 closed at 9,146.80, lower by about 6.40 points or roughly 0.07%.

Vinyl Group (ASX:VNL): Record Q1 FY27 Revenue and Guidance

Vinyl's Q1 FY27 investor presentation, dated 12 November 2026, reported record first-quarter revenue of $6.33 million, up 38% on the previous quarter and 30% on the prior corresponding period. Net operating cash outflow was $1.8 million, an improvement of 56% on the prior quarter, and the company entered its second quarter with more than $5 million in receivables.

Vinyl confirmed FY27 revenue guidance of $38 million to $40 million and forecast EBITDA of $3.5 million, which it describes as its first EBITDA-positive year. It is targeting a sustainably EBITDA-positive monthly run-rate from December 2026.

Sportshero (ASX:SHO): HeroPlay Gaming Universe Soft Launch

Sportshero's update, dated 10 November 2026, reported the soft launch of the HeroPlay Gaming Universe, timed around the MLBB MPL Indonesia Season 18 playoffs from 4 to 8 November. Over five days the platform logged more than 80,000 site visits and 9,322 new registered users, a visit-to-registration conversion of 11.6%.

About 40% of registered users redeemed in-game rewards. The company said the expanded product range, including top-up vouchers and webshops, will be integrated over the coming weeks.

Stakk (ASX:SKK): Q1 FY27 Cash Flow and ParaScript

Stakk's Appendix 4C, dated 30 October 2026, reported net Operating Cash Flow of A$731,000 for the September quarter, up about 193.6%, and its second consecutive positive quarter. Pro-forma unaudited group revenue was A$16.075 million, including A$9.26 million from the ParaScript business, which completed its Acquisition on 14 September 2026.

Consolidated cash was A$11.814 million at 30 September 2026, after A$37.168 million of acquisition-related cash outflows. The company said the December quarter will be its first full consolidated cash flow period.

Final Word

The three companies show revenue and cash flow developments in different forms, from Vinyl's record quarter to Sportshero's user uptake and Stakk's consolidation. The share price falls on 12 November were concentrated in the stocks themselves rather than in the broader index, and the next reports from each company will show how these developments progress.

FAQs

Q: Why did Vinyl Group shares fall on 12 November 2026?

A: Vinyl closed at $0.033, down 23.26%, the same day it released its Q1 FY27 investor presentation, which is why that move is linked to a same-day update.

Q: When was the Sportshero soft launch update released?

A: The update is dated 10 November 2026.

Q: How much cash did Stakk report?

A: Consolidated cash was A$11.814 million at 30 September 2026.

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