ACUSENSUS LIMITED (ACE)
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26/10/2026

1

Speculative Buy

$2.10

87.50%

Acusensus has obtained a new territory-wide traffic enforcement contract with the ACT government worth $63m over an initial 5-year term.

Morgans notes this is the company's largest total contract win to date, with two further 5-year extension options taking the estimated value to $210m if exercised.

A staged roll-out will start mid-2027. The broker lifts FY28 and FY29 revenue and margin forecasts to capture the upside from the contract and this increases EBITDA forecasts by 16% in each year.

Morgans retains a Speculative Buy rating and raises the target to $2.10 from $2.00.

FORECAST
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -3.60 cents.
Morgans forecasts a full year FY28 dividend of 0.00 cents and EPS of minus -2.50 cents.

27/10/2026

1

Buy

$2.50

123.21%

Canaccord Genuity maintains a Buy rating for Acusensus with a $2.50 target price following the execution of a transformational $63m five-year contract with the ACT government.

The agreement expands the total contracted book by 29% to approximately $283m, positioning the business to run-rate FY28 revenue estimates of approximately $116m.

Deployment comprises approximately 40 enforcement assets across multi-function, speed, and red-light capabilities, delivering expected blended gross margins above 40%.

Management sees further medium-term expansion potential from its road-worker safety product Forsite alongside open responses across 18 US states.

The analyst considers the company well-funded with $26m cash and $15m in undrawn debt facilities to restart the guidance upgrade cycle.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.20 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 0.00 cents and EPS of 0.20 cents.