SenSen Networks Limited (ASX: SNS) reported its second consecutive cash flow positive quarter for Q1 FY25, with an operating cash flow of AU$0.3Millions, an improvement of AU$1.4Millions year-on-year. The company achieved record cash receipts of AU$3.4Millions and continued reducing operating expenses, which dropped to AU$9.2Millions from AU$10.6Millions in Q4 FY24. SenSen also reduced its net debt by AU$0.2Millions to AU$0.5Millions. The company won another tender in Toronto, adding to recent successes in Calgary and Montreal.
SenSen now serves 12 Canadian cities and has gained new U.S. contracts, including one with the Seattle-Tacoma International Airport. In Australia, SenSen received additional orders from multiple councils and rebranded its Scancam acquisition as SenShield. The company focuses on sales growth, recurring revenue, and cost efficiencies, further strengthening its balance sheet. The company also maintains AU$3.7Millions in available financing facilities.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
