ACUSENSUS LIMITED (ACE)
Share Price Analysis and Chart

09/10/2025

1

Speculative Buy

$2.05

22.02%

Acusensus secured its largest US contract worth US$22.6m with the Connecticut Department of Transportation for automated speed enforcement over five years.

Morgans notes the win validates the company's technology in the US and strengthens its position for future contracts. Based on the annualised contract value of US$4.4m, the broker expects the initial ramp up to lift incremental revenue by $3.3m in FY26.

This is expected to rise to $6.8m annually from FY27. The broker expects FY26 guidance to be in the $82-87m range.

The broker also notes progress in $25m in new bank funding, improving flexibility and reducing capital risk.

Speculative Buy. Target rises to $2.05 from $1.30 on lift in earnings forecasts and applying a premium to valuation.

This report was published Wednesday.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.70 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.80 cents.

02/09/2025

1

Buy

$1.65

-1.79%

Acusensus' FY25 result showed solid revenue growth of 20% y/y to $59m, in line with Canaccord Genuity's forecast. Opex grew 26% y/y to $22m, but that was due to investment into growth mainly through headcount increases.

Total contracted value rose 84% y/y to $376m, and the company now has 17 long-term contracts across Australia, NZ, UK and US. 

FY26 guidance is for $79-84m, above the broker's earlier estimate of $75m. The broker lifted FY26 EBITDA forecast by 14% and FY27 by 1%, driven by a stronger revenue growth outlook.

Target rises to $1.65 from $1.50. Buy retained.

FORECAST
Canaccord Genuity forecasts a full year FY26 EPS of minus -1.80 cents.
Canaccord Genuity forecasts a full year FY27 EPS of minus -1.40 cents.