Adacel Technologies Limited (ASX: ADA) and ClearVue Technologies Limited (ASX: CPV) are two emerging technology stocks. Adacel has recently announced about its S&P DJI March 2019 quarterly rebalance report while ClearVue has released its investor presentation report. Let’s have a closer look at these stocks-
Adacel Technologies Limited (ASX: ADA)
Adacel Technologies Limited (ASX: ADA) is an Australian listed software development company which sells simulations for the civil and military aerospace sectors in Australia, Canada, and the United States.
Recently, the company has disclosed that ADA stock, as per March 2019 Quarterly Rebalance of the Ordinaries S&P Dow Jones Indices, was removed from All Ordinaries, effective from March 18, 2018.
In its H1FY19 results, ADA reported a decrease in its revenue from continuing operations by 6.4% to $23.75 Mn in H1FY19 as compared to $25.379 Mn in H1FY18. This was due to a decrease in systems and services revenue by 4.33% pcp and 7.8% pcp, respectively. Its EBITDA in the same period stood at $2.6 Mn as compared to $5.05 Mn in H1FY18 due to the lower gross margins and incremental G&A and R&D costs.
Its net profit after tax decreased by 57.1% to $1.454 Mn in H1FY19 from $3.39 Mn in H1FY18. The Board of Directors of the company declared a dividend of 1 cps with payment date on March 28, 2019, and record date on March 14, 2019.
As per the company reports, stronger growth for the second half is anticipated as the key systems installations has completed. The PBT guidance for FY2019 is set to be below 21-32% from FY2018. Further strong pipeline for additional ATM systems, and new ATM business unit to be launched in March. Its USAF support contract has been renewed for another 5 years.
On stock information, ADA’s share last traded at $0.835, up 1.212% on March 22, 2019, with the market capitalization of ~$63.22 Mn. Its current PE multiple is at 10.14x, and its earnings per share stood at 0.081 AUD. Its annual dividend yield (DY) was recorded at 4.24%. Today, its day’s high stood at $0.840 and day’s low at $0.820 with the day’s volume of 75,663. Its 52 weeks high was at $2.277 and 52 weeks low at $0.6 at an average volume of 139,146. Its absolute return for 5 yrs, 1 yr, and 3 months are 118.30%, -63.3%, and 27.91%, respectively.
ClearVue Technologies Limited
ClearVue Technologies Limited (ASX: CPV) is a renewable energy solution provider which operates in the Building Integrated Photovoltaic segment. It incorporates solar energy generation into a transparent glass and building surfaces to produce localized renewable energy.
It has been granted 34 patents throughout the World along with the 39 patent applications underway. With the $1.6 Mn grant from the Australian Federal Government, it will build a grid-independent greenhouse in early 2019.
The company recently raised $5 Mn through IPO and got listed on ASX on May 25, 2018.
As per the release, it is expected that by 2025 there will be more than 29 megacities with 10 Mn plus people. Buildings can be a significant source of one’s own energy needs, and insulation properties will reduce heating and cooling costs. There will be a tremendous opportunity for Building owners as they can obtain a faster payback from energy-generating structures. It is expected that skylights would be the fastest new window market globally. In another update, in order to look at the scaling for commercialization and development of all inorganic micro-patterned clear thin film solar cells, the company has entered into a Research Agreement with Edith Cowan University for a duration of 12-month. The Company has entered into a few MOUs during the half-year to further the development and distribution the ClearVue products in Australia and Europe.
In its half-yearly report, it reported an increase in its revenue by 257% to $727,997 in H1FY19 from $ 463,064 in H1FY18. Its loss after tax from ordinary activities attributable to members increased by 495% to $2,667,754 in H1FY19 from $448,560 in H1FY18.
On stock information, ClearVue’s share traded at $0.245, down 7.547% on March 22, 2019, with the market capitalization of ~$25.9 Mn. Its 52 weeks high was at $0.83 and 52 weeks low at $0.11 with the average volume of 205,820. Its absolute return for 6 months, 3 months, and 1 months are -57.89%, -6.67%, and -8.2% respectively.
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