Edison Investment Research - SENSEN NETWORKS LTD (SNS) SenSen Networks - Targeting multiple areas to achieve profitability

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Edison Investment Research

Richard Williamson

SenSen Networks - Targeting multiple areas to achieve profitability

SenSen’s FY23 preliminary results show robust revenue growth, albeit missing our forecasts slightly. Losses narrowed year-on-year from efficiency initiatives. The strategic shift towards more predictable opex and cloud contracts continues to improve the revenue mix. Margin expansion is expected in FY24 following efficiency measures, with potential for cash flow positivity. Valuation remains at a discount to peers despite SenSen being one of the few with a positive FY24 EBITDA forecast.

14/09/2023 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 - Targeting multiple areas to achieve profitability

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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