Linius Technologies (ASX:LNU) announced financial results for the quarter ended 30 September 2022.

New deal with Australian Professional Leagues(APL)which will see MatchVision deployed league-wide for the A-Leagues, Australia?s professional football (soccer) league, announced post-quarter.

Ongoing global sports marketing campaign implemented based on replicable, scalable product MatchVision. Generating significant new pipeline opportunities in teams, leagues, and broadcasters around the world.

Sports opportunities progressing more rapidly through the sales cycle due to the results achieved by existing deployments and referenceable proof points.

Pipeline shows the value of Linius? B2B search and edit tool for sports archives, currently deployed at Racing.com. This product has now been packaged as Linius Archive Search & Edit and is well advanced in the deal cycle with several prospects.

Cost reduction and restructuring measures implemented in the June quarter take effect with reduced costs achieved as planned.

Existing clients start new seasons in the Sports sector and class terms in the Education sector with continued usage and growth of their Linius solutions.

Following the announcement the company?s share price rose 33.333%.