ACUSENSUS LIMITED (ACE)
Share Price Analysis and Chart

09/10/2025

1

Speculative Buy

$2.05

21.30%

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 revenue guidance to be in the $82-87m range.

The broker also notes progress in new $25m 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.

16/10/2025

1

Buy

$2.00

18.34%

Canaccord Genuity notes Acusensus has announced its largest US contract with a five-year US$23m program for automated workzone speed enforcement in Connecticut.

Post a long tender process, the company succeeded in beating the incumbent operator Verra Mobility, who operated the initial pilot program.

The analyst believes the contract reinforces Acusensus' technology in the US market and sees further opportunities in other states where new legislation is now in place, including Kentucky, Michigan, and Vermont.

Target price is lifted higher to $2 from $1.65 and Buy rating remains unchanged. The analyst also lifts its revenue forecasts by 3% for FY27 and 7% for both FY27 and FY28.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.40 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.10 cents.