Acusensus Ltd
ASX:ACE
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Acusensus Ltd
ASX:ACE
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AU |
Acusensus Ltd
Acusensus Ltd. engages in automated camera enforcement technology. The company is headquartered in Melbourne, Victoria. The company went IPO on 2023-01-12. The firm's enforcement solution is designed to give authorities a tool to drive behavioral change on the road network. Its solutions include Heads-Up, Heads-Up Realtime and Harmony. Its Heads-Up solution is based on its patented technology, which is used to detect and capture prosecutable evidence of drivers illegally using mobile phones while driving. Its Heads-Up Realtime solution provides real-time alerts to police officers of drivers using a phone, speeding, not wearing a seatbelt or on an automatic number plate recognition wanted list. Its Harmony solution provides speed enforcement with features, such as secondary speed measurements for all offenses and an all-weather imaging system that can capture photos in adverse conditions, such as against a rising or setting sun.
Acusensus Ltd. engages in automated camera enforcement technology. The company is headquartered in Melbourne, Victoria. The company went IPO on 2023-01-12. The firm's enforcement solution is designed to give authorities a tool to drive behavioral change on the road network. Its solutions include Heads-Up, Heads-Up Realtime and Harmony. Its Heads-Up solution is based on its patented technology, which is used to detect and capture prosecutable evidence of drivers illegally using mobile phones while driving. Its Heads-Up Realtime solution provides real-time alerts to police officers of drivers using a phone, speeding, not wearing a seatbelt or on an automatic number plate recognition wanted list. Its Harmony solution provides speed enforcement with features, such as secondary speed measurements for all offenses and an all-weather imaging system that can capture photos in adverse conditions, such as against a rising or setting sun.
Revenue Surge: Revenue jumped 40% to $40.3 million for the half, driven by new contract wins and expansions in both Australia and overseas.
International Momentum: International revenue more than tripled to $9 million and now makes up 22% of group revenue, with New Zealand and the U.S. as key contributors.
Record Backlog: Work remaining hit a record $212 million, not including over $24 million in new recent wins such as Western Australia.
Profitability & Margins: Gross profit rose 21% to $16.4 million, and international operations turned EBITDA positive, though gross margin moderated to 40.7% due to contract mix.
Litigation Impact: Net profit after tax fell to a loss of $20.8 million, mainly due to a $16 million provision related to the Redflex litigation settlement.
Strong Balance Sheet: Ended the half with $41 million in cash and access to a $25 million debt facility.
Guidance Reaffirmed: Management affirmed FY '26 revenue guidance of $83–87 million and introduced adjusted EBITDA guidance of $7.2–8.2 million.
Forsite Launch: The new road worker safety product Forsite signed 4 customers to long-term contracts in its first two months, but revenue contribution remains minor for now.
