Edison Investment Research - VECTION TECHNOLOGIES LTD (VR1) Vection Technologies - Poised to reach guidance after a strong quarter

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Edison Investment Research

Richard Williamson

Vection Technologies - Poised to reach guidance after a strong quarter

Vection Technologies’ Q323 activities report confirms that contract growth continued to accelerate in H223, with the company reporting 100% total contract value (TCV) growth from the end of January to 28 April. The momentum in TCV growth indicates that management is well-positioned to deliver the triple-digit half-on-half top-line growth required to reach its FY23 expectations. Cash receipts on a quarterly and nine-month basis increased year-on-year. Vection Technologies’ balance sheet is set to be sustained by a further A$3.5m in Q423 from an R&D tax receipt and outstanding invoices, supporting the company’s M&A pipeline.

04/05/2023 1 EN

Underlying

VECTION TECHNOLOGIES LTD

Servtech Global Holdings is engaged in providing software services and administrative support for real estate and finance related operations.

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AU0000067522 Australia

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Vection Technologies - Poised to reach guidance after a strong quarter

Vection Technologies - Moving from niche to mainstream markets

Vection Technologies - Contract wins underpin strong start to H224

Vection Technologies - Record half and strong H2 visibility

Topps Tiles - Accelerating growth through Q125

Baillie Gifford US Growth Trust - A unique high-growth strategy meriting support

Greggs - More challenging environment in H224

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