In a brief assessment of Damstra Holdings's March Q, Morgan Stanley notes revenue showed sequential improvement on the prior two quarters, albeit FY revenue guidance was tightened down to $30-32m from $30-34m.

The quarter's performance was driven broadly by mining and construction reopening, the broker notes, and Damstra has also finalised contract discussions with a new global mining client in North America, and is now finalising implementation plans.

No other details were disclosed, but completion is a catalyst, Morgan Stanley suggests. Equal-weight and 25c target retained. Industry View: In-Line.

Sector: Software & Services.

Target price is $0.25.Current Price is $0.14. Difference: $0.11 - (brackets indicate current price is over target). If DTC meets the Morgan Stanley target it will return approximately 44% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena