A new partnership is also announced with Landing Zones Canada Inc., expanding opportunities for Prairie Rose students through hands-on learning, industry mentorship, and career pathways in advanced manufacturing and aerospace.

MEDICINE HAT, AB, Aug. 5, 2026 /CNW/ — Nine students from southern Alberta have won first place in an international autonomous-vehicle competition at the Massachusetts Institute of Technology (MIT) Beaver Works Summer Institute — the first Canadian team to claim the title.

Competing in the internationally recognized RACECAR (Rapid Autonomous Complex Environment Competing Ackermann steering Robot) program, the Prairie Rose team recorded the fastest overall time in the program’s final competition and was named the International Team Winner, outperforming teams from around the world.

The MIT Beaver Works Summer Institute is a world-renowned STEM program that provides high achieving high school students with advanced learning opportunities in artificial intelligence, robotics, autonomous systems, and programming.

The Prairie Rose team spent the second semester of the school year completing rigorous university level coursework before attending the summer institute in Cambridge, Massachusetts. During the program, students participated in intensive daily instruction, hands-on technical training, collaborative engineering challenges, and presentations from leading experts in science, engineering, and technology.

This exceptional experience concluded with Race Day, where teams tested their custom programmed autonomous vehicles in a series of timed challenges. Prairie Rose’s nine student team earned the fastest overall performance, securing first place in the time trials and the title of International Team Winner; a first for Alberta, and a first for Canada!

“The dedication shown by our students and teachers throughout this entire experience has been nothing short of inspiring,” said Darren MacMillan, Director of Strategic Programming and Innovation. “Spending a semester preparing for and then excelling in a world class environment like MIT speaks to their work ethic, brilliance, and passion for technology.”

“This remarkable achievement demonstrates what is possible when students are challenged to think beyond the classroom and are supported by passionate educators who believe in their potential,” said Reagan Weeks, Superintendent of Prairie Rose Public Schools. “No Canadian team had ever won this title before, and it was students from southern Alberta who did it. That is a historic moment for our division and for this province, and it is exactly what happens when we give young people the chance to compete at the highest level.”

Prairie Rose Public Schools congratulates the nine students and two teacher leaders whose commitment, perseverance, and countless hours of preparation made this outstanding achievement possible. Prairie Rose is also expanding the opportunities available to its students beyond the classroom via a new partnership with Landing Zones Canada – a fellow southern Alberta company and a world leader in autonomous systems design and manufacturing. This partnership is opening doors to mentorship, hands-on learning, and early exposure to careers in advanced manufacturing and aerospace.

About Prairie Rose Public Schools

Prairie Rose Public Schools serves approximately 6,600 students across southeastern Alberta through 20 public schools, 18 colony schools, two Calgary schools, two online learning programs, and a home education program. The division is committed to providing innovative, future focused learning opportunities that prepare students for success in school, career, and life.

About Landing Zones Canada Inc.

Landing Zones Canada Inc. is a pan-Canadian company with facilities in Alberta and Ontario, and a Canadian leader in the design, development, production, and deployment of advanced uncrewed aerial systems (UAS) and sub-systems for civil environmental protection. The company is recognized for pioneering sustainable and reusable aerial technologies, including stratospheric drone platforms, and has established strategic partnerships with leading global aerospace organizations.

Media Contact(s):

Angela Baron
Director of Strategic Communications and Implementation
Prairie Rose Public Schools
Email: angelabaron@prrd8.ca

Landing Zones Canada
Email: info@landingzones.com, www.landingzones.com

SOURCE Landing Zones Canada Inc.

MELBOURNE, Australia, Aug. 6, 2026 /PRNewswire/ — CFD broker Mitrade received Global Business Magazine’s 2026 AI Broker of the Year award as the latest AI model powering MitradeGPT rolls out in selected regions, with Australia to follow. It speaks to a central AI debate: how to accelerate research without displacing trader judgement.

Young Australians are testing AI for financial research, even as regulators urge caution over its limits. ASIC’s “Moneysmart Gen Z Financial Behaviours Report 2026” found 18% of Gen Z Australians use AI for financial information, while 64% trust AI platforms for financial guidance. Against that backdrop, Mitrade’s principle is straightforward: AI should support research, not make trading decisions.

That principle shapes the latest model behind MitradeGPT, an AI research tool already on Mitrade’s platform outside the EU. The new AI model is now live in several regions Mitrade provides services for, with Australia planned for a later phase. Where available, MitradeGPT organises news research in one place: finding related coverage, sorting it into categories, grouping key developments, and extracting main viewpoints.

For traders, that means less repetitive research, less noise to sift through, and clearer market context.

“AI can process information at a remarkable speed, but it cannot replace human judgement,” said Elven Jong, CEO of Mitrade AU. “Its proper role is not to tell traders what to do, but to reduce information overload and make market context easier to understand. At Mitrade, we focus on providing clearer context and education so traders can question the information, weigh competing views and retain control over every decision.”

Mitrade also recently received Global Business Review Magazine’s Most Trusted CFD Broker – Global 2026 and World Business Stars Magazine’s Best New CFD Broker LATAM 2026 and Most Reliable Broker Global 2026.

About Mitrade  
Mitrade is an award-winning CFD trading platform founded in Melbourne, trusted by 7M+ traders worldwide. It operates under top-tier financial regulators—Australia’s ASIC (AFSL398528), Cyprus’ CySEC (CIF438/23), UAE’s CMA (License No. 20200000397), Cayman Islands’ CIMA (SIB1612446), South Africa’s FSCA (54842), and Mauritius’s FSC (GB20025791)—delivering a secure, seamless, and intuitive trading experience.  

The platform provides 1,000+ CFDs on indices, forex, commodities, ETFs, and shares. Mitrade redefines trading with millisecond execution, razor-thin spreads, robust risk management, and multi-device compatibility.  

Trading involves risks. This article is for informational purposes only and does not constitute financial advice, an offer, or a solicitation.  

Visit https://www.mitrade.com for more information.

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SOURCE Mitrade Group

Q2 pro forma ARR and pro forma revenue both grew 27% year over yearQ2 pro forma Adjusted EBITDA improved 51% year over yearReaffirming calendar year 2026 outlook for 20%+ ARR growth and positive free cash flow from transaction close to year-end

BOSTON, Aug. 5, 2026 /PRNewswire/ — Aura Consolidated Group, Inc. ARBN 695 488 843 (ASX: AXQ) (“Aura” or “the Company”), a global leader in online safety and wellbeing, today announced its financial results for the second quarter of 2026, its first earnings announcement following the completion of its July 17 acquisition of Qoria Limited (“Qoria”) (formerly ASX: QOR), a global leader in student safety and wellbeing.

On a pro forma basis, the Company exited the quarter with approximately US$339.7 million in annual recurring revenue (“ARR”), representing 27% year-over-year growth, and remains on track to generate positive free cash flow in 2026 from acquisition completion. With a $100 million equity raise and an upsized $100 million debt facility completed in connection with the transaction close, Aura enters its next phase of growth with a strengthened capital position and enhanced financial flexibility.

“It has been a momentous few months for Aura. We posted very strong second quarter financial results on a pro forma basis, completed the previously announced acquisition of Qoria, enhancing our mission to be a global leader in online safety, and began trading on the ASX under the ticker symbol AXQ. These milestones align with our mission and strategic priorities and further the vision we have for this Company,” said Hari Ravichandran, Founder and CEO of Aura. “All of this, while we continue to invest in the innovation that has differentiated Aura from the rest of the industry. I could not be more proud of the position we are in and excited about the vision we have as we enter the second half of 2026.”

Aura’s Chief Financial Officer, Brian DeCenzo, added, “Our second-quarter results highlight the strength and increasing efficiency of our model, with ARR and GAAP revenue each growing 27% year over year and Adjusted EBITDA improving substantially. At the same time, we have actioned $27 million in direct and operating cost savings year to date and increased the efficiency of our marketing investments. This combination of growth and operating discipline gives us confidence in our ability to achieve our strategic and financial goals.”

Aura continues to execute its integration roadmap and remains on track to achieve full product integration by the second quarter of 2027.

Cost Reductions

Aura is executing ahead of plan on the $55 million cost-out program outlined to investors in February 2026. The Company has actioned $27 million in annualized run-rate direct and operating cost reductions to date, ahead of its $25 million target. In addition, the Company achieved a $7 million reduction in brand and performance marketing spend in the first half of 2026, with a further $28 million reduction planned for the second half. These cost actions, combined with expanding operating leverage and consistent top-line growth, support Aura’s path to achieving its free cash flow goals in the second half of 2026.

Q2’26 Pro Forma Financial Highlights

Because the acquisition closed after the end of the second quarter, Aura’s statutory financial statements reflect Aura on a standalone basis. To provide context on the combined company as it will operate going forward, Aura is presenting unaudited pro forma summary financial results for the merged group, reflecting Aura’s historical financial information combined with Qoria’s historical financial information prepared in accordance with U.S. GAAP accounting standards.

GAAP revenue was $85.1 million, an increase of 27% year over year.ARR1 was $339.7 million, an increase of 27% year over year.Adjusted EBITDA2 loss of $12.6 million represents a 51% year-over-year improvement.As of the transaction close on July 17, 2026, Total Liquidity3 was $124.0 million, fortified by a $100 million equity raise and an upsized $100 million debt facility, leaving the business well-capitalized to execute on its plan and reach profitability.

Q2’26 Business Highlights

Completed the acquisition of Qoria and commenced unrestricted trading on the ASX under the ticker “AXQ” on July 20, 2026, following implementation of the scheme of arrangement on July 17, 2026.Launched Aura Business in April 2026, an enterprise security solution designed to address identity-based security risks for managed service providers and small and mid-sized businesses.Introduced new AI-powered capabilities, including the continued evolution of Aura Intelligence into an embedded, context-aware intelligence layer and the release of a new self-harm detection model to support child wellbeing.Strengthened executive leadership across marketing, product, and AI with the appointments of Steven Young as Global Chief Marketing Officer and Adam Medros as Chief Product Officer.

Investor Conference Call

A conference call will be held today as follows:

US EDT: Wednesday, August 5, 2026 at 8:30pm
AEST: Thursday, August 6, 2026 at 10:30am

Link to register: https://events.q4inc.com/attendee/280029693

This conference call and related materials will be publicly available and can be accessed at investors.aura.com. A replay will also be made available after the call.

The release of this announcement was authorized by the Aura Board of Directors.

About Aura

Aura (ASX: AXQ) is a global leader in online safety and wellbeing. Built on the belief that people deserve a trusted, always-on layer of protection, Aura’s AI-powered platform delivers protection for individuals, families, and enterprises—from proactive protection against identity theft, financial fraud, and online threats to tools that help schools and parents protect children from cyberbullying, harmful content, and threats to their wellbeing. Aura’s platform spans the environments that matter most—home, school, and work—empowering people of all ages with end-to-end protection for every aspect of online life. Learn more at aura.com.

Forward-looking statements

This announcement and the accompanying presentation and conference call include certain statements that constitute “forward-looking statements” and “forward-looking information” regarding possible or assumed future performance or potential growth of the Company that involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” “will,” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. They appear in a number of places throughout these materials and include statements regarding management’s intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, the industry in which the Company operates in, and other information that is not historical information. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although management of the Company believes that it has a reasonable basis for each forward-looking statement contained in these materials, the Company cannot assure you that the Company will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Except as required by applicable regulations or by law, the Company does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events.

Non-GAAP financial information

This announcement and the accompanying presentation and conference call contain pro forma information and certain measures of financial performance not determined in accordance with U.S. generally accepted accounting principles (“GAAP”), such as Adjusted EBITDA and Total Liquidity at transaction close (the “non-GAAP financial measures”). The non-GAAP financial measures are used by Company management to evaluate financial performance of, and determine resource allocation for, the Company’s operations. Items excluded from each of the non-GAAP financial measures are significant components in understanding and assessing financial performance. The non-GAAP financial measures should not be considered in isolation, or as alternatives to, or substitutes for, pro forma net income, pro forma general and administrative expense, or other financial statement data presented in the Company’s consolidated financial statements as indicators of financial performance or liquidity. Because the non-GAAP financial measures are not measurements determined in accordance with GAAP and are thus susceptible to varying definitions, the non-GAAP financial measurements as presented may not be comparable to other similarly titled measures of other companies. Please refer to the accompanying presentation for additional information. The pro forma financial information has not been subject to audit or review by the Company’s independent auditor.

Note: The financial information in this release is unaudited. All monetary figures are reported in U.S. dollars, unless otherwise noted.

1Annualized Recurring Revenue (“ARR”) reflects annualized recurring GAAP revenue recognized in the final month of a given period. Prior disclosures combined Aura and Qoria ARR as calculated under each company’s historical methodology. Post-close, the methodologies were aligned, and the definition above will be used for future reporting. Using the methodology applied in prior disclosures, Q2’26 ARR would have been $354.0 million.

2Adjusted EBITDA is defined as net income (loss), adjusted to exclude interest, taxes, depreciation and amortization, IPO readiness costs, acquisition-related costs, stock-based compensation, mark-to-market gains/losses, and foreign currency exchange gains/losses.

3Total Liquidity represents available sources of funding, consisting of cash plus available borrowing capacity under the Company’s revolving credit facility, assuming payment of estimated transaction costs.

CATEGORY: Financial News

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SOURCE Aura