External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

External broker reports(aggregated public sources)

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Reckon Limited distributes, publishes, supports and markets financial management software in Australia.  The Company's products are developed locally by the Group or republished under license from Intuit.  The Company's software targets personal financial management, SME financial management and financial planning and are sold under the "Quicken" brand.

<ul><li>RKN has had an active December, with two material transactions taking place: Acquiring Adelaide-based accounting and payroll software, Cashflow Manager (CM), for $8.75 million.</li><li>This is expected to add 20,000 users and bring 1,000 accounting and bookkeeping advisors into the RKN fray; and</li><li>Committing US$3.75 (A$5.9m) in additional funding to support nQZ’s BillingQ growth and expansion plans.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

RKN has had an active December, with two material transactions taking place: Acquiring Adelaide-based accounting and payroll software, Cashflow Manager (CM), for $8.75 million.This is expected to add 20,000 users and bring 1,000 accounting and bookkeeping advisors into the RKN fray; andCommitting US$3.75 (A$5.9m) in additional funding to support nQZ’s BillingQ growth and expansion plans.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reckon Limited (RKN) - Acquiring and Aspiring: Cashflow Manager & NQZ Confidence

Director, RaaS Research Group, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Research Group

Insightful Financial Models and Research Analysis

Connect to the right investors through smart and insightful financial models and research analysis.

Structural Monitoring Cdi / Equity Bottom-Up

Structural Monitoring Systems plc is involved in the development of a technology which monitors and tests the structural integrity of various materials and products.  The tests are done on structures such as aircrafts, ships, power plants and rolling stocks.

<ul><li>RaaS has published an update on vertically-integrated aviation designer and manufacturer Structural Monitoring Systems (ASX:SMN) following the company's update on its guidance which suggests that 80% or $24m of the $30m low-end FY25 revenue guidance is now contracted.</li><li>SMN has provided an update to FY25 guidance announced on November 1, where revenue was guided to $30m-$34m, +14% at the midpoint on FY24, and for EBITDA of between $7.6m and $9.1m, +300% at the midpoint on FY24.</li><li>The update suggests 80% or $24m of the $30m low-end revenue guidance is now contracted following a successful year-end sales campaign for the new Forest Radio product.</li></ul>

RaaS has published an update on vertically-integrated aviation designer and manufacturer Structural Monitoring Systems (ASX:SMN) following the company's update on its guidance which suggests that 80% or $24m of the $30m low-end FY25 revenue guidance is now contracted.SMN has provided an update to FY25 guidance announced on November 1, where revenue was guided to $30m-$34m, +14% at the midpoint on FY24, and for EBITDA of between $7.6m and $9.1m, +300% at the midpoint on FY24.The update suggests 80% or $24m of the $30m low-end revenue guidance is now contracted following a successful year-end sales campaign for the new Forest Radio product.

Structural Monitoring Systems - 80% of low-end revenue guidance covered

Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

NOVONIX is a battery materials and technology company providing revolutionary solutions to the battery industry that enable the adoption of clean energy. The company manufactures battery cell testing equipment, is growing its high-performance synthetic graphite manufacturing operations, and has developed an all-dry, zero-waste cathode synthesis process.

<ul><li>Each of NVX's 3 operating units is expected to play an important role in its development & growth, as NVX leverages proprietary R&D & patented technology to develop critical materials for the battery sector.</li><li>The Anode unit is moving towards commercial production at the Riverside facility.</li><li>NVX's goal as it advances its cathode unit - the cathode active material (CAM) market is expected to reach >$100B globally by 2030 - is to maximize sustainability & cost efficiency around its processes.</li></ul>

Each of NVX's 3 operating units is expected to play an important role in its development & growth, as NVX leverages proprietary R&D & patented technology to develop critical materials for the battery sector.The Anode unit is moving towards commercial production at the Riverside facility.NVX's goal as it advances its cathode unit - the cathode active material (CAM) market is expected to reach >$100B globally by 2030 - is to maximize sustainability & cost efficiency around its processes.

NVX: Positive Takeaways From Analyst Day Include Company's Successful Attainment of 2024 Key Objectives

Mad Paws Holdings Limited designs and develops application software. The Company builds a software platform that enables pet owners to find pet sitters that provide housing for pet and other services including dog walking, training, and grooming. Mad Paws serves customers worldwide.

<ul><li>MPA’s sum-of-the-parts (SOTP) are worth materially more than its current share price.</li><li>We value the marketplace assets at ~14c/share and eCommerce assets at ~6c/share (MPA last close 6.9c).</li><li>Following expressions of interest in both segments and the appointment of an advisor, we are of the view that there is a reasonable possibility that this value can be unlocked.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MPA’s sum-of-the-parts (SOTP) are worth materially more than its current share price.We value the marketplace assets at ~14c/share and eCommerce assets at ~6c/share (MPA last close 6.9c).Following expressions of interest in both segments and the appointment of an advisor, we are of the view that there is a reasonable possibility that this value can be unlocked.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mad Paws Holdings Limited (MPA) - Initiation – Optionality In A Leading PetTech Business

External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Acusensus Limited provides traffic management solutions. The Company offers road safety and traffic enforcement solutions to address road safety challenges. Acusensus serves customers worldwide.

<div><ul><li>ACE released a strong 1Q25 with revenues of $14m (+17% pcp/+10% qoq), tracking ahead of CGe FY25E revg. of +14% to $57m.</li><li>ACE revenues are derived from highly predictable, long duration government contracts with no contract churn since inception and a historically high level of cross sell/upsell success (~75% of incremental revenue from existing contracts).</li><li>The company remains focused on balancing profitability and investment to globalize its growing suite of products, generating positive FCF (+$0.6m) which has translated to a cash balance of $18m.</li></ul></div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ACE released a strong 1Q25 with revenues of $14m (+17% pcp/+10% qoq), tracking ahead of CGe FY25E revg. of +14% to $57m.ACE revenues are derived from highly predictable, long duration government contracts with no contract churn since inception and a historically high level of cross sell/upsell success (~75% of incremental revenue from existing contracts).The company remains focused on balancing profitability and investment to globalize its growing suite of products, generating positive FCF (+$0.6m) which has translated to a cash balance of $18m.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Acusensus Ltd - Momentum Building in All Markets

Australia TMT
Insight on Australia TMT companies

Reckon Limited (RKN) - Acquiring and Aspiring: Cashflow Manager & NQZ Confidence

RKN has had an active December, with two material transactions taking place: Acquiring Adelaide-based accounting and payroll software, Cashflow...

Taylor Collison

Structural Monitoring Systems - 80% of low-end revenue guidance covered

RaaS has published an update on vertically-integrated aviation designer and manufacturer Structural Monitoring Systems (ASX:SMN) following the...

Research as a Service (RaaS)

NVX: Positive Takeaways From Analyst Day Include Company's Successful Attainment of 2024 Key Objectives

Each of NVX's 3 operating units is expected to play an important role in its development & growth, as NVX leverages proprietary R&D &...

Zacks Small Cap Research

Mad Paws Holdings Limited (MPA) - Initiation – Optionality In A Leading PetTech Business

MPA’s sum-of-the-parts (SOTP) are worth materially more than its current share price. We value the marketplace assets at ~14c/share and eCommerce...

Taylor Collison

Acusensus Ltd - Momentum Building in All Markets

ACE revenues are derived from highly predictable, long duration government contracts with no contract churn since inception and a historically high...

Canaccord Genuity