The Globe and Mail reports in its Wednesday, Jan. 29, edition that Echelon Partners analyst Amr Ezzat believes secular industry tailwinds provide Voti Detection with "with an exceptional running room of top line and earnings growth." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ezzat commenced coverage of the technology company that develops X-ray security systems based on 3-D technology with a "speculative buy" rating. Mr. Ezzat targets the shares at $3. Mr. Ezzat says in a note: "The X-ray screening market is forecasted to grow at a 5-per-cent CAGR over the next five years supported by increased global focus on safety and security. X-ray screening systems remain the preferred choice and solution when it comes to non-intrusive inspection and optimal throughput reducing the threat of substitutes. We expect VOTI to continue to showcase strong momentum. Namely, we forecast top line growing at an 18.5-per-cent CAGR through fiscal 2023, driven by strong unit sales growth and minimal increases in ASPs. Our gross profit margins grow from 32 per cent in F2018 to 37.5 per cent in F2023 driven by increased service revenues. The margin expansion enable gross profits to grow at a 20.5-per-cent CAGR.".