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SenSen Networks Limited (ASX:SNS)

ALERT: Price-sensitive ASX Announcement for SNS
Current share price for SNS : $0.026 -0.037 (-58.73%)+
Announcement
Release
28 Jan 2026 9:22AM
Price at Release
$0.063
Full Release
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Summary
SenSen Networks Limited reported strong performance for the quarter and half-year ended 31 December 2025. The company recorded a 20% year-on-year growth in cash receipts for H1 FY26, reaching $7.5 million. This growth was largely driven by new customer acquisitions and increased revenue from existing customers, particularly in North America where five new city contracts were secured. In Australia, significant interest was seen for the SenPIC solution among Victorian councils. The report highlights a 115% increase in usage revenue, attributed to technological innovations such as the solar-powered SenPIC cameras. Despite higher costs in Q2 FY26 due to increased investment in inventory and a timing difference in staff payments, the company's balance sheet remains strong, with a cash balance of $0.4 million and undrawn debt facilities of $1.6 million. The company expects to receive a $2.05 million R&D tax offset refund, which, along with recurring revenues and prudent expense management, should support ongoing operations.
Key Points
  • H1 cash receipts increased by 20% year-on-year to $7.5 million.
  • Secured five new city contracts in North America.
  • SenPIC solution trials to start with Victorian councils in Q3 FY26.
  • 115% increase in usage revenue driven by new technology.
  • Cash balance of $0.4 million with undrawn debt facilities of $1.6 million.
  • Expecting a $2.05 million R&D tax offset refund.
  • Higher costs due to inventory investments and staff payment timing differences.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.