Acusensus (ASX:ACE) reported an unaudited revenue of AU$14.9 million in the fiscal third quarter, up 23% from the year-ago period, according to a Thursday Australian bourse filing.
New contracts in Australia and globally, as well as increased scope from existing customers, were among the drivers of its revenue growth during the quarter.
The company signed a new long-term contract with Transport for NSW, a New South Wales Government transport services and roads agency, for mobile phone and seat belt-detection services. It also secured programs with the Nebraska and Colorado state governments for the real-time distracted driving and seat belt enforcement for commercial vehicles.
It executed pilot agreements with a traffic management firm and a roadside assistance company for its roadworker safety technology. A commercial release for the technology is expected in the second half.
The company reaffirmed its fiscal 2025 revenue guidance of AU$58 million to AU$61 million, as well as earnings before interest, taxes, depreciation, and amortization of AU$4.3 million to AU$5.5 million.
Acusensus' shares fell almost 5% in recent trading on Thursday.
Price (AUD): $1.00, Change: $-0.050, Percent Change: -4.76%
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