External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

External broker reports(aggregated public sources)

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><div><div><div><ul><li>SPZ's 1H24 result illustrated an acceleration in its top-line growth trend, which coupled with its margin expansion to record levels, resulted in a +10% beat to earnings<br>against market expectations.</li><li>Revenue of $27m increased 20% vs. pcp (+26% excl. Aust); CGe $28m) and gross profit of $21m, increased +23% vs. pcp (CGe $20m), representing a gross profit margin of 77% (+500 bps hoh).</li><li>EBITDA of $7.6m increased +44% vs. pcp and was +10% ahead of CGe ($6.6m), driven by its margin expansion to historic highs of 28% (2H23: 27%; 1H23: 24%; 2H22: 19%). </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SPZ's 1H24 result illustrated an acceleration in its top-line growth trend, which coupled with its margin expansion to record levels, resulted in a +10% beat to earnings against market expectations.Revenue of $27m increased 20% vs. pcp (+26% excl. Aust); CGe $28m) and gross profit of $21m, increased +23% vs. pcp (CGe $20m), representing a gross profit margin of 77% (+500 bps hoh).EBITDA of $7.6m increased +44% vs. pcp and was +10% ahead of CGe ($6.6m), driven by its margin expansion to historic highs of 28% (2H23: 27%; 1H23: 24%; 2H22: 19%). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Smart Parking Limited - 1H24 Result; Unit Economics Continue to Strengthen

<ul><li>SPZ held its AGM and provided a positive 1Q24 trading update with revenues increasing +25% to $14m (pcp $10.8m, +30% excl. QLD) and already run-rating at our FY24 forecasts (CGe $58m).</li><li>Adj. EBITDA of +$4m was above expectations with the company reporting record EBITDA margins of 31% (FY24e: 28%, FY23: 25%, FY22a: 26% 1Q23: 25%) illustrating the earnings leverage to growth.</li><li>SPZ 1Q24 EBITDA is now run-rating at ~$17m and +12% above our previous forecasts.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SPZ held its AGM and provided a positive 1Q24 trading update with revenues increasing +25% to $14m (pcp $10.8m, +30% excl. QLD) and already run-rating at our FY24 forecasts (CGe $58m).Adj. EBITDA of +$4m was above expectations with the company reporting record EBITDA margins of 31% (FY24e: 28%, FY23: 25%, FY22a: 26% 1Q23: 25%) illustrating the earnings leverage to growth.SPZ 1Q24 EBITDA is now run-rating at ~$17m and +12% above our previous forecasts.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Smart Parking Limited - Enterprise Software - Software as a Service

Australia

Smart Parking Limited manufactures products for commercial parking facilities operators and regulatory authorities. The Company produces monitoring devices, infrared sensors, guidance systems, license plate readers, and meters.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Smart Parking (SPZ AU)

Smart Parking Limited - 1H24 Result; Unit Economics Continue to Strengthen

EBITDA of $7.6m increased +44% vs. pcp and was +10% ahead of CGe ($6.6m), driven by its margin expansion to historic highs of 28% (2H23: 27%; 1H23:...

Canaccord Genuity

Smart Parking Limited - Enterprise Software - Software as a Service

SPZ held its AGM and provided a positive 1Q24 trading update with revenues increasing +25% to $14m (pcp $10.8m, +30% excl. QLD) and already run...

Canaccord Genuity

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)