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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul style="list-style-type: disc;"><li><p>ACE release a strong 1Q24 with revenues increasing to +$12.1m (pcp $9.9m, +22% revg) and is run-rating close to our FY24 forecasts of $49m (FY23: $42m, FY22: $29m).</p></li><li><p>ACE revenues are long duration and recurring in nature and therefore largely immune to economic cycles, in our view. We believe ongoing contract momentum in both domestic and international markets presents upside risk to our forward growth estimates.</p></li><li><p>Key highlights during 1Q24 include: i) Australia - expansion of QLD contract by +$10m over five years (+50% increase in contract size); ii) North America - commenced contract discussions with four potential states in addition to North Carolina (up from three, initial contract size US$1m for one year); iii) United Kingdom - delivered three trailers in July 2023 that are fully utilised for FY24 with “further enforcement trailers anticipated” in future periods; iv) Western Europe (CGe Netherlands) expects the outcome of a six-year tender in 2H24 with revenues commencing in FY25 (CGe initial trailers ~30x; ~$10m p.a. rev, ~&gt;50% incremental gp margins).</p></li></ul></div></div></div></div><p><em>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.</em></p>

ACE release a strong 1Q24 with revenues increasing to +$12.1m (pcp $9.9m, +22% revg) and is run-rating close to our FY24 forecasts of $49m (FY23: $42m, FY22: $29m).ACE revenues are long duration and recurring in nature and therefore largely immune to economic cycles, in our view. We believe ongoing contract momentum in both domestic and international markets presents upside risk to our forward growth estimates.Key highlights during 1Q24 include: i) Australia - expansion of QLD contract by +$10m over five years (+50% increase in contract size); ii) North America - commenced contract discussions with four potential states in addition to North Carolina (up from three, initial contract size US$1m for one year); iii) United Kingdom - delivered three trailers in July 2023 that are fully utilised for FY24 with “further enforcement trailers anticipated” in future periods; iv) Western Europe (CGe Netherlands) expects the outcome of a six-year tender in 2H24 with revenues commencing in FY25 (CGe initial trailers ~30x; ~$10m p.a. rev, ~&gt;50% incremental gp margins).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 - Sales Pipeline Justifies Doubling of Units In-Field During CY24

Acusensus Limited

Acusensus Ltd - Sales Pipeline Justifies Doubling of Units In-Field During CY24