ASX All Ords tech stock Acusensus Ltd (ASX: ACE) is pushing higher today.
Acusensus shares closed yesterday trading for $1.125. At the time of writing, shares are swapping hands for $1.13 apiece, up 0.4%.
For some context, the All Ordinaries Index (ASX: XAO) is down 0.2% at this same time.
Taking a step back, while Acusensus shares remain up 21% over 12 months, the ASX All Ords tech stock has slumped 33.8% in 2026.
And according to Ellerston Capital Australian equities portfolio manager James Barker, that sees this ASX share trading in bargain territory (courtesy of The Australian Financial Review).
Here's why.
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Why this ASX All Ords tech stock is positioned for growth
Asked which stock in his fund is the most undervalued by the market, Barker pointed to Acusensus.
He noted:
Acusensus is a founder-led Australian company whose artificial intelligence camera technology catches drivers using their phones, speeding or not wearing seatbelts, with long-dated government contracts to run road safety enforcement programs across Australia, New Zealand, the US and the UK.
Spurring his bullish outlook, he said that the ASX All Ords tech stock has the potential for significant market growth in the United States.
According to Barker:
It operates in four Australian states and or territories, runs New Zealand's nationwide mobile speed camera program, and has started to get traction in the large US market – a significant growth opportunity.
Revenue should grow around 40% in FY26, with government-backed contracted revenue providing strong visibility for a company this size. Success in the US would step-change the business, and we do not believe this is factored into the price.
What's the latest from Acusensus?
Acusensus reported its half-year results (H1 FY 2026) on 26 February.
Highlights for the six months to 31 December included a 40% year-on-year revenue boost to $40.3 million. And adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 9% to $3.9 million.
On the bottom line, the ASX All Ords tech stock reported a gross profit of $16.4 million, up 21% from H1 FY 2025.
Turning to the balance sheet, as at 31 December, the company held cash (including term deposits) of $41 million.
Commenting on the results on the day, Acusensus co-founder and managing director Alexander Jannink said, "The first half of this financial year has been a remarkable period for Acusensus."
He noted:
We've not only delivered record revenue growth, but importantly, we have expanded our reach and are making significant strides in our mission to reduce road trauma and make roads safer globally.
As for the growth opportunities in the US, Jannink said, "A personal highlight for me was securing our first major, long-term contract in the United States with the Connecticut Department of Transportation."
