Fund Manager Summary
The fund managers believe that Acusensus Ltd presents a promising investment opportunity due to its innovative technology in smart traffic cameras, which effectively capture evidence of traffic violations. In their opinion, the company has demonstrated strong performance in the Australian market and is poised for expansion into the US, UK, and Europe, with forecast revenues of $50m in FY24. Despite a recent setback from an unsuccessful contract bid in the Netherlands, which surprised the market and led to a decline in share price, the fund managers remain optimistic about Acusensus's potential. They continue to see significant growth prospects in offshore markets and are committed to maintaining their investment position.
Source: Trading View
Commentary From The Managers
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Cyan Investment Management
31 Oct 2025
$2.00
Summary
- Cyan Investment Management notes that Acusensus (ACE +75%) has delivered impressive results recently.
- Two significant contract announcements have generated strong investor support.
- Most notably, ACE secured its first major US contract worth $34m for a five-year work zone speed control project in Connecticut.
- Additionally, ACE announced a $16m expansion of its speed camera contract in Queensland, which will double the number of ACE trailers in the state.
- While recent price movements may seem generous, Cyan Investment Management highlights the tangible potential for continued major growth in the US market.
- There is significant upside potential considering the company's current market capitalization of under $300m.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Cyan Investment Management
31 Oct 2025
$2.00
- Cyan Investment Management notes that Acusensus (ACE +75%) has delivered impressive results recently.
- Two significant contract announcements have generated strong investor support.
- Most notably, ACE secured its first major US contract worth $34m for a five-year work zone speed control project in Connecticut.
- Additionally, ACE announced a $16m expansion of its speed camera contract in Queensland, which will double the number of ACE trailers in the state.
- While recent price movements may seem generous, Cyan Investment Management highlights the tangible potential for continued major growth in the US market.
- There is significant upside potential considering the company's current market capitalization of under $300m.
Summary
Cyan Investment Management
30 Sept 2025
$1.18
- Acusensus Ltd has shown strong performance with a recent stock increase of 13%.
- The company released impressive FY 25 results, indicating robust financial health.
- In September, Acusensus secured a $8.7 million contract for a five-year fixed camera project in Western Australia.
- Cyan Investment Management continues to hold its position due to these positive developments.
- The ongoing success in securing contracts suggests a strong growth trajectory for Acusensus.
Summary
Cyan Investment Management
31 Aug 2025
$1.00
- Acusensus (ACE +12%) has achieved 20% revenue growth in FY25, with guidance for acceleration to 33%-41% in FY26.
- ACE has dominated the Australian traffic camera market over the past five years.
- For the first time, ACE disclosed that the adjusted EBITDA of the Australian operation is approximately $20m.
- This EBITDA figure serves as a leading indicator for the performance of ACE's international camera and road worker safety businesses, which are still relatively immature and currently loss-making.
- Cyan Investment Management continues to hold ACE as a high conviction position in the Fund.
Summary
Cyan Investment Management
31 Jan 2025
$1.23
- Acusensus Ltd. has seen significant market movement, with shares increasing by 11% following recent contract wins.
- Cyan Investment Management notes that the market is starting to digest these large contract agreements.
- The recent Quarterly Update from Acusensus reported steadily improving revenues.
- Further contract wins were announced, which had not been previously disclosed.
- Although Acusensus has yet to officially upgrade its FY25 guidance, current market expectations appear to be very conservative.
- Cyan Investment Management continues to hold a positive view based on the recent developments surrounding Acusensus.
Summary
Cyan Investment Management
31 Dec 2024
$1.11
- Cyan Investment Management is optimistic about Acusensus Ltd's recent achievements.
- The company secured a nationwide speed camera supplier agreement in New Zealand valued at nearly NZ$100m.
- Additionally, Acusensus expanded its existing mobile phone and seatbelt contract in QLD worth A$27m.
- To finance these contracts, Acusensus raised A$10m through an Institutional Placement at $0.90, with participation from Cyan C3G Fund.
- The company also completed an additional A$2m in an SPP.
- Despite a 20% increase in stock price to $1.11, Cyan Investment Management notes that market reactions could be stronger given the company's modest $150m market cap and a net cash balance of approximately $30m.
Summary
Ellerston Capital
31 Dec 2024
$1.11
- Acusensus (ACE AU) closed the month up 23.3%.
- ACE announced successful application for nation-wide mobile speed camera enforcement in New Zealand.
- This contract is valued at up to NZ$92m over an initial 5 year term, with options for two additional years.
- Queensland Department of Transport and Main Roads expanded its contract, doubling the number of trailers for mobile phone and seatbelt enforcement.
- This contract variation is expected to add around A$27.4m in revenue over the initial 5 year term.
- Contract roll-out is scheduled over the coming 18 months.
- Accompanying these wins, there was a capital injection for business development, fixed assets, product innovation, and working capital.
- Ellerston Capital continues to hold because of these significant contract wins and revenue growth prospects.
Summary
Cyan Investment Management
29 Feb 2024
$0.82
- Acusensus Ltd (ACE) specializes in smart traffic camera technology, focusing on detecting and capturing evidence related to speeding, seatbelt non-compliance, and mobile phone use.
- The company has seen strong success in the Australian market and is actively expanding into international markets including the US, UK, and Europe.
- Forecast revenues for FY24 are projected at $50 million, indicating significant growth potential.
- A strong 1H24 result was positively received by the market, leading to a stock increase of 37% at one point.
- A recent disappointment occurred with a failed contract in the Netherlands, which surprised the market and led to a reduction in stock value.
- Despite recent setbacks, Cyan Investment Management believes that Acusensus will achieve significant success in offshore markets and remains committed to maintaining their investment position.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"While recent setbacks may have shaken investor confidence, the potential for Acusensus to capitalize on its innovative traffic solutions in global markets remains tantalizing. With a solid foothold in Australia and ambitious expansion plans, the future could still shine brightly for ACE."
Last Updated: 31 Oct 2025
Query The Data
Frequently Asked Questions
Who is investing in Acusensus Ltd (ASX:ACE)?
Fund managers including Cyan Investment Management and Ellerston Capital have invested in Acusensus Ltd (ASX:ACE).
Why do fund managers invest in Acusensus Ltd?
Fund managers are investing in Acusensus Ltd due to its innovative smart traffic camera technology, which effectively captures evidence for traffic violations. The company has demonstrated strong performance in the Australian market and is poised for growth in the US, UK, and Europe, with projected revenues of $50 million for FY24. Despite a recent setback in securing a contract in the Netherlands, fund managers maintain confidence in Acusensus's potential for significant success in international markets.
What happened to Acusensus Ltd (ASX:ACE)?
Fund managers are investing in Acusensus Ltd due to its strong revenue growth, with a 20% increase in FY25 and projections of 33%-41% for FY26. The company has established a dominant position in the Australian traffic camera market, reporting an adjusted EBITDA of ~$20 million. Recent contract wins, including a significant $34 million deal in the US and an $8.7 million contract in WA, underscore its growth potential. With a market capitalization under $300 million, Acusensus presents a compelling opportunity for future expansion, particularly in international markets.