External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

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.

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><ul><li><span style="font-size: var(--content-font-size);">Over the next 12 months, five tenders will be awarded presenting a 50% revenue upside, with 20% revenue at risk with renewals;</span></li></ul><div><ul style="list-style-type: disc;"><li><p>One major contract with FAA up for tender which we believe ADA should win (pg 2);</p></li><li><p>Recurring revenue business on 5 – 10 year contracts with a largely fixed cost base; and</p></li></ul><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></div></div>

Over the next 12 months, five tenders will be awarded presenting a 50% revenue upside, with 20% revenue at risk with renewals;One major contract with FAA up for tender which we believe ADA should win (pg 2);Recurring revenue business on 5 – 10 year contracts with a largely fixed cost base; andContent 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.

Adacel Technologies Limited (ADA) - FY23 Results – A Bet on Tender Wins