VR1 research note is out and what a good looking note this is. Not only does it solidify what I already think about the company, it far exceeds my current expectations. Here's some of the juice I found in the note.
HIGHLIGHTS
- Fair value 12c - 20c
- Cometa aims to scale the deployment of the VR1 Algho AI powered solution across 500 institutions generating an expected $3.6m by 2025
- Recurring revenue growth (Q1 FY25) grew 140% year-on-year.
- Total revenue for 2024 reached $32.82m with projected revenues of...
$51.50m in 2025
$60.50m in 2026
$73.00m in 2027
This strong growth is bolstered by strategic partnerships and expanded applications of the Algho platform in key sectors like Education, Healthcare, and transportation.
- Vection is projected to achieve positive EBITDA of AUD $7.26m in 2025, this is very significant marking a major turnaround.
- EBITDA OUTLOOK.
FY26, EBITDA is expected to grow further to AUD 12.8 million.
FY27 projecting a robust EBITDA of AUD 18.34 million, representing consistent year-on-year growth.
Leveraging its position as a first mover in AI and XR for SMEs, the Algho platform is projected to achieve an ARR of AUD 100 MILLION by FY31, unlocking significant value for the company. These projections demonstrate Vection’s potential for sustainable growth and long-term profitability. The company’s success in the defense sector and its expansion into other industries highlight its ability to deliver mission-critical and data-sensitive solutions. With a growing customer base and global market reach, Vection continues to scale its solutions and strengthen its leadership in AI and XR enterprise applications.
These numbers aren't to be borked at, this is the real deal company IMO and what an opportunity we have before us here getting set around these levels.
Good luck to all holders!
All In My Own Opinion and not Financial Advise.
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