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SP3 Spectur InvestorHub RaaS Report 2023 09 14.pdf

A very recent (and the first) independent research report prepared on Spectur.  Notables:

- Pretty close to how I would tell the story (but not exactly)

- Some interesting observations in the peer comparison

Key points from our report: Spectur develops, manufactures and sells solar- and battery-powered, remotely-connected hardware, which is driven by SP3’s firmware, software, cloud and web-apps, providing data and solutions to its customers; Spectur delivered FY23 revenue of $7.37m, an increase of 26% on the previous corresponding period (pcp) and its highest-ever result. The company noted that its organically generated growth rate was 18% for the year; The company is trading at a significant discount to a group of ASX-listed surveillance technology companies and to the All-Tech Index.

RaaS Independent Research Report