iTWire - Quarterly revenue up, cash receipts highest since l

iTWire - Quarterly revenue up, cash receipts highest since listing for SenSen


iTWire
Thursday, 29 July 2021 12:35
Quarterly revenue up, cash receipts highest since listing for SenSen
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SenSen CEO Dr. Subhash Challa
Artificial intelligence solutions provider SenSen Networks recorded cash receipts from customers in the fourth quarter 2021 of $1.6 million, which it says is the highest quarterly cash receipts since listing, and $200,000 more than in Q4 2020.
Releasing its results for the quarter ended 30 June 2021 SenSen
(ASX: SNS) said it expected revenue (unaudited) for the FY21 to be between $5.3 million and $5.5 million, representing a 40% increase over FY20.
During this period of growth, SenSen managed to reduce cash used in operating activities by 33% to $1.2m for Q4 FY21, when compared to the previous comparable period of $1.8m for Q3 FY21.

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