The S&P/ASX 200 Index (ASX: XJO) is having a subdued finish to the week. In afternoon trade, the benchmark index is down slightly to 9,170.7 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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4DMedical Ltd (ASX: 4DX)
The 4DMedical share price is up 7.5% to $4.00. Investors have been buying the respiratory imaging solutions provider's shares following the release of its half-year results. 4D Medical reported a 1% decline in revenue to $2.8 million and an adjusted net loss of $16.2 million. The latter was an improvement of 18% on the prior corresponding period. At the end of the period, the company had a pro forma cash position of $206.2 million. Looking ahead, the company highlights that its recently approved CT:VQ product has a major market opportunity. It said: "CT:VQ addresses a substantial market opportunity, with over one million nuclear VQ scans performed annually in the U.S. at an average reimbursement of approximately US$1,150 per scan, representing an initial addressable market exceeding US$1.1 billion annually in the U.S. alone (estimated at over US$2.6 billion globally)."
Block Inc (ASX: XYZ)
The Block share price is up 28% to $93.95. This has been driven by the release of the payments giant's full-year results and the announcement of major job cuts. For the 12 months ended 31 December, Block's gross profit increased 17% to US$10.36 billion. This reflects a 21% jump in Cash App gross profit to US$6.34 billion and a 9% lift in Square gross profit to US$3.94 billion. But the big news was Block's founder and CEO, Jack Dorsey, revealing a massive reduction in its workforce. He said: " Today we shared a difficult decision with our team. We're reducing Block by nearly half, from over 10,000 people to just under 6,000. […] The core thesis is simple. Intelligence tools have changed what it means to build and run a company. We're already seeing it internally. A significantly smaller team, using the tools we're building, can do more and do it better. And intelligence tool capabilities are compounding faster every week. I don't think we're early to this realization. I think most companies are late."
PEXA Group Ltd (ASX: PXA)
The PEXA share price is up 6.5% to $15.23. This morning, this property settlements technology company released its half-year results. It reported a 10% increase in revenue to $215.3 million and a 33% jump in group NPATA to $40.3 million. PEXA's CEO, Russell Cohen, said: "PEXA delivered a strong result in the first half in FY26, underpinned by record transaction volumes in Australia, disciplined cost management and continued progress in the UK."
Weebit Nano Ltd (ASX: WBT)
The Weebit Nano share price is up 3% to $4.88. This follows the release of the semiconductor company's half-year results. Weebit Nano reported record half-year revenue of $5.6 million. This means it is on track to achieve its full-year revenue guidance of $10 million. Weebit Nano's CEO, Coby Hanoch, said: "The first half of FY26 has marked Weebit's strongest start to a fiscal year in the company's 10-year history as technical and commercial momentum continues to build."
