SenSen Networks (ASX: SNS)

Last close As at 27/03/2024

AUD0.02

0.00 (−8.70%)

Market capitalisation

AUD18m

SenSen Networks is an Australian live awareness company with a global presence. Its SenDISA platform uses AI to provide real-time insights across cities, retail and gaming, where its versatility provides opportunities across verticals and geographies.

Innovations in cloud technologies, mobile connected devices and IoT are proliferating the amount of data available to companies and are primary drivers of AI technology. The popularity of platforms like ChatGPT underscore momentum in the sector and highlight rising public interest. SenSen operates in a less concentrated market with its live awareness technology but could still leverage this momentum with its proven software.

Latest Insights

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TMT | edison tv

SenSen Networks – executive interview

TMT | edison tv

SenSen Networks – executive interview

Digital signals flying over highway. Digital transformation. Internet of Things.

Sector

TMT

Equity Analyst

Max Hayes

Max Hayes

Associate Analyst

Dan Ridsdale

Head of Technology

Key Management

  • Christian Stevens

    CFO

  • David Smith

    Executive director and COO

  • Subhash Challa

    CEO

Balance Sheet

Forecast net cash (A$m)

2.3

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (20.7) (34.3) (53.8)
Relative (22.0) (36.8) (58.9)
52 week high/low A$0.1/A$0.0

Financials

Q2 was a pivotal quarter for SenSen, with the business making significant progress commercially, operationally and financially. Customer cash receipts grew 17% to A$3m and the company generated positive cash flows for the first time. Notable wins in Australia with the NHVR and a newly announced contract with Sourcewell in the US should support further growth while further validating SenSen’s technology. The shift to focus the business solely on smart cities is enabling a further $A2m in cost efficiencies to be made, while financial headroom was strengthened by a A$2m (net) entitlement offer. Estimates look well supported and we believe SenSen looks well positioned to remain self-funding and generate positive cash flows on an annual basis.

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 9.1 (7.6) (8.4) (1.40) N/A N/A
2023A 10.8 (5.1) (6.1) (0.91) N/A N/A
2024E 13.0 0.6 (0.3) (0.04) N/A 23.8
2025E N/A N/A N/A N/A N/A N/A

Thematics

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