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artec technologies

New strategy is beginning to deliver

Update | Technology | 02 Oct 2018

artec returned to the black in H118 as revenues more than doubled. The results reflect the impact of the three significant contract wins announced earlier this year. These wins came in the wake of the 2016/17 period that artec spent modernising its software platform and the strong momentum has been continuing, with further new business added in recent weeks in the public sector security segment. If management can sustain the momentum, we believe there is significant upside in the shares.

artec technologies

Positioning for growth

Update | Technology | 06 Jun 2018

artec spent the 2016/17 period highly focused on modernising its software platform and, as a consequence, revenues dipped by 41% in FY17. However, in recent months, the company has won three prestigious new contracts with high-profile customers in Germany. These contracts provide a significant endorsement of the new platform, and the artec carried out a 10% capital increase to provide working capital to help deliver these contracts. If management can successfully scale the business, we believe there is significant upside in the shares.

artec technologies

Contract wins provide excellent references

Update | Technology | 09 Mar 2018

artec has won three prestigious new contracts in recent months that provide a strong endorsement of the company’s new platform. The wins come in the wake of the 2016/17 period, which the company used to focus on modernising its software platform. artec has subsequently undertaken a 10% capital increase that will provide working capital to help it deliver the new contracts. During the upcoming FY17 results release in April, management intends to reveal a new business plan, which will outline how it intends to address the range of market opportunities.

artec technologies

Anticipating a strong H2

Update | Technology | 11 Oct 2017

The last 18 months has been a transitional period for artec, with the group repositioning itself as a provider of cloud-based data analysis systems. The new cloud platform is highly scalable and will enable artec to generate recurring revenues. While the group ran at a loss in H117, the cloud pipeline is growing and new cloud customers are expected to sign up in H2. The second stage of expansion is set to begin on a project in Qatar and the group has won a new MULTIEYE order with a betting company, which was driven by artec’s ability to provide access control, face recognition and data protection. Consequently, management expects sales and earnings to rebound strongly in H2.

artec technologies

Patented logging and surveillance

Initiation | Technology | 04 Jul 2017

artec technologies is a small company that specialises in the recording and storage of audiovisual information for a range of applications. The company can trace its roots back over 20 years, and has established an enviable customer base along with some excellent case studies. However, it has been challenging to drive profitable growth. Backed by targeted investment in FY16, artec is shifting to a cloud-based business model, which we believe will better enable management to scale the business.