Acusensus's US Contract Win Sets Up a Record Result

A $34 million Connecticut work zone speed contract marked Acusensus's US breakthrough, and a record FY26 result later confirmed the growth story fund managers say the market still underprices.

30 Sep 2026 · 3 min read

Acusensus rode a wave of major contract wins to a 75 percent monthly rally in October, headlined by its first major US contract for automated work zone speed enforcement in Connecticut, before the stock drifted lower through a quiet patch in mid-2026, only to rebound strongly after a record FY26 result beat top-end EBITDA guidance.

A run of contract wins across multiple continents

Cyan Investment Management said Acusensus continued its recent run after releasing impressive FY25 results, following up in September with a new $8.7 million, five-year fixed camera contract in Western Australia. In October, the stock rose 75 percent as two contract announcements generated huge investor support, most notably the company's first major US contract, a $34 million, five-year automated work zone speed control deal in Connecticut, alongside a $16 million expansion of its speed camera contract in Queensland that doubled its scope. Ellerston Capital said Acusensus was its strongest contributor for the month, rising 70 percent, as contract momentum continued building following the FY25 results, with a contract extension and a significant new state-wide enforcement deal in the US adding to an already expanding pipeline.

Of most relevance was the company's first major US contract, a $34m, five year work zone speed control contract in Connecticut. At the end of the month, ACE also announced a $16m expansion of its speed camera contract in Queensland, doubling the scope.

— Cyan Investment Management, Monthly Report, October 2025

A quiet patch tests conviction

Cyan Investment Management said the stock fell 21 percent, appearing to drop from a simple absence of positive news, having been in a downtrend for a few months like other smaller tech-focused stocks despite winning major multi-million dollar contracts earlier in the year, though it noted a newly announced US contract had already begun reversing some of the decline. Ellerston Capital described Acusensus as an Australian company whose AI camera-based technology tracks driver behaviour around red-light running and speeding, with cameras deployed across Australia, New Zealand, the UK and US, expecting strong FY26 revenue growth backed by government contracts that lock in revenue visibility, arguing the market does not currently price in the business's future growth.

Revenue should grow strongly in FY26, with government contracts that lock in revenue visibility, and we do not believe the market currently prices in the future growth of the business.

— Ellerston Capital, Article, July 2026

A record result confirms the story

Cyan Investment Management said Acusensus rebounded strongly after a record FY26 result that beat top-end EBITDA guidance, framing the traffic camera operator as building a stable, recurring revenue base through expanding global camera deployments, pointing to ongoing contract negotiations, the rollout of a new product called Foresite, and around $26 million of net cash as reasons it still sees upside in the stock.

What fund managers say they are watching next is continued contract wins across the US, UK, Australia and New Zealand, progress on the Foresite product rollout, delivery of the recurring revenue base's growth trajectory, and whether the market eventually prices in the future growth Ellerston believes remains underappreciated.