Acusensus Ltd

Cyan C3G Fund continues to hold Acusensus (ACE) despite a 6% decline in share price. Acusensus, which designs and operates smart traffic cameras, has demonstrated strong success in the Australian market and is expanding into international markets, including the US, UK, and Europe. The company is forecasting FY24 revenues of $50m. While the company reported a strong 1H24 result, the stock experienced a significant pullback after an anticipated contract in the Netherlands did not materialize, disappointing investors. Despite this setback, Cyan C3G Fund remains optimistic about Acusensus’ potential for success in overseas markets and maintains its commitment to the investment.

Cyan C3G Fund continues to hold its position in Acusensus Ltd. (ACE) following the company’s announcement of two significant contracts: a nationwide speed camera supplier agreement in New Zealand valued at nearly NZ$100 million, and an expansion of its mobile phone and seatbelt contract in Queensland worth A$27 million. To fund these contracts, Acusensus raised A$10 million through an Institutional Placement at $0.90, with Cyan C3G Fund participating, as well as an additional A$2 million through a Share Purchase Plan (SPP). Despite a 20% rise in the stock price to $1.11, the Fund believes that investors have not fully recognized the potential value of these milestones, given the company’s modest market cap of $150 million and a net cash balance of around $30 million. With these new contracts and strong cash reserves, Cyan C3G Fund sees further upside potential in Acusensus and remains confident in the company’s growth trajectory.

Cyan C3G Fund continues to hold Acusensus Ltd. (ACE) following its recent performance, which saw a notable 11% increase in its share price. The rise is attributed to the market's positive reception of Acusensus's recent large contract wins, as well as steadily improving revenues and additional unannounced contracts detailed in the company's quarterly update. While the company has yet to officially revise its FY25 guidance, Cyan C3G Fund believes the current market expectations are highly conservative in light of the strong news flow. Given the company's solid contract pipeline and revenue growth, the fund remains optimistic about Acusensus's prospects.