Ausbiz Investor Series – Acusensus (ASX:ACE)

18 Mar 2024

As part of ausbiz’s Investor Series, I pitched smart traffic camera developer and operator Acusensus (ASX: ACE) to Juliette Saly. ACE detects driver speed, seatbelt and phone use compliance – all being top priorities for global enforcement agencies.

ACE is currently ‘on sale’ having declined ~40% from a recently elevated share price after missing out on two prospective international contracts. Despite this, the company expects to meet its $50m revenue guidance for FY24 with recurring revenue through much of Australia and the prospect of further contract wins in the US, UK Europe and the Middle East. With an enterprise value of just $60m ($20m in cash) this growth company is well-funded and trading at an attractive valuation.

Link here: presenter series | ausbiz