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iTWire Thursday, 29 July 2021 12:35 Quarterly revenue up, cash receipts highest since listing for SenSen Featured 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. ....
The company plans to integrate Scancam technology into its proprietary platform SenDISA to provide further value to new and existing retail customers. ....