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Vection Technologies (ASX: VR1)

Last close As at 02/07/2024

AUD0.02

— 0.00 (0.00%)

Market capitalisation

AUD23m

Vection Technologies (VR1), an Australian-based software company, operates in the field of extended reality (XR), which encompasses immersive technologies such as augmented reality, virtual reality and mixed reality.

Vection’s prospects are boosted by the two fast-growing markets in which it operates. First is the rapidly evolving metaverse, which is swiftly adding users and potential customers for Vection’s products (Gartner predicts that by 2026, 25% of people will spend at least one hour per day in the metaverse). Second is the XR market, which is expected by various studies to grow by 46–58% in 2022–27.

Latest Insights

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TMT | Update

Vection Technologies — Moving from niche to mainstream markets

TMT | Flash note

Vection Technologies — Contract wins underpin strong start to H224

TMT | Flash note

Vection Technologies — Record half and strong H2 visibility

TMT | Update

Vection Technologies — Established strategy to drive scalable growth
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Sector

TMT

Equity Analyst

Katherine Thompson

Key Management

  • Gianmarco Biagi

    CEO

Balance Sheet

Forecast net debt (A$m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (20.0) (25.9) (56.5)
Relative (20.2) (25.8) (60.6)
52 week high/low A$0.0/A$0.0

Financials

In June, Vection announced that it had won two contracts with a total contract value of A$1.2m, with A$0.4m due to be recognised in FY24 and A$0.8m across FY25 and FY26. The contracts are repeat awards from existing customers, which are technology service providers of cybersecurity and infrastructure security solutions for law enforcement, government agencies and security agencies. The contracts solidify Vection’s role in its customers’ supply chain and pave the way for the integration of spatial computing solutions in future projects in this sector. While positive earnings are expected from this contract, they are unlikely to be material to to earnings per share in FY24.

Y/E Dec Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2022A 18.9 1.4 (7.0) (0.67) N/A N/A
2023A 26.3 1.5 (11.2) (1.05) N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

Research

Flash note

TMT

Vection Technologies — Contract wins underpin strong start to H224

Flash note

TMT

Vection Technologies — Record half and strong H2 visibility

TMT

Update

Vection Technologies — Moving from niche to mainstream markets
View All

Thematics

thematic

TMT

MediaWatch – Glimpses of positivity

thematic

TMT

MediaWatch – Rinse and repeat

thematic

Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

TMT

Deutsches Eigenkapitalforum (EKF) 2023 technology
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