Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
3 ASX Stocks in Focus: Family App Revenue Jumps 40%, Scandium Backs a Chip Start-Up and a Global Bank Builds a Lithium Stake
Highlights:
Introduction
Three ASX-listed companies drew investor attention this week, and all three shares finished higher. Each company released an important update between 9 and 10 November 2026. The updates cover strong earnings, a strategic technology investment and a major shareholder disclosure.
Stocks in Focus:
Subscription Growth Powers Record Quarter
On 9 November 2026, Life360 reported third-quarter results for the period ended 30 September. Revenue rose 40% year-on-year to US$174.1 million. Subscription revenue grew 29% to US$124.2 million, while advertising revenue surged 250% to US$25.4 million, helped by the Nativo acquisition. Monthly active users reached 107.7 million, and paying circles climbed to 3.4 million. Net income came in at US$22.5 million and adjusted EBITDA at US$34.6 million. Management now expects full-year revenue of US$665 million to US$681 million. The company also repurchased US$44.4 million of shares under its buyback program.
Scandium Producer Backs Next-Generation Memory Chips
On 10 November 2026, Sunrise Energy Metals confirmed it had completed its US$5 million investment in Agni Semiconductor, first announced on 15 June 2026. The investment represents roughly 45% of Agni's US$11 million seed round. Agni is developing non-volatile memory chips built on aluminium scandium nitride, a material that retains data without power. The funding will go toward manufacturability and foundry qualification. The deal supports Sunrise's strategy of creating new demand for scandium in high-value uses. It also gives the company exposure to the semiconductor supply chain.
Major Bank Becomes Substantial Holder
A notice dated 9 November 2026 showed that JPMorgan Chase & Co. and its affiliates became a substantial holder in Elevra Lithium on 5 November 2026. The group holds relevant interests in 10,820,248 ordinary shares, equal to 5.58% voting power. Most of this exposure comes from securities lending arrangements, with the rest tied to prime brokerage and investment management activities. Such disclosures are routine under Australian law, and they show where large institutional money is positioned.
Outro
Taken together, these updates show momentum in subscriptions, specialty materials and institutional investment. Investors should read the full company announcements and seek professional advice before making decisions.
Note: All data presented is based on information available at the time of writing.
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