Edison Investment Research - SENSEN NETWORKS LTD (SNS) SenSen Networks - Strong finish to FY23, positive start to FY24

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Edison Investment Research

Richard Williamson

SenSen Networks - Strong finish to FY23, positive start to FY24

SenSen’s Q423 update shows robust quarter-on-quarter growth in cash receipts, broadly aligning with our full year revenue forecast. Lead indicators for FY24 are positive, highlighted by the recent signing of a A$1.4m three-year contract with a new Asian casino customer, as well as a strong contract pipeline. SenSen also launched several new solution variants in Q4, which could lead to high-margin upsell opportunities. The group has identified cost-cutting measures for H124, with the aim of becoming cash flow positive for the full year, which we have reflected in our updated forecasts.

26/07/2023 1 EN

Underlying

SENSEN NETWORKS LTD

SenSen Networks is engaged in acquiring, exploring and developing coal projects in Indonesia and Australia.

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AU000000SNS0 Australian Securities Exchange Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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SenSen Networks - Strong finish to FY23, positive start to FY24

SenSen Networks Limited: 1 director

SenSen Networks - Time to scale

SenSen Networks - Clear path to sustainable cash generation

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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