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Currency in AUD
Last close As at 07/06/2023
AUD0.05
— 0.00 (0.00%)
Market capitalisation
AUD31m
Australia-based technology company SenSen Networks operates in the field of sensor artificial intelligence (AI). By applying its SenDISA AI platform to physical space monitoring, it extracts real-time insights for customers. It provides solutions to customers in the smart city, gaming, retail and surveillance verticals.
SenSen operates in the fast-growing, global AI market, which is expected to expand at about a 43% CAGR and reach US$126bn by 2025 (source: Tractica). As it executes its ‘Land Grab’ strategy, SenSen should benefit as AI is increasingly used in verticals that involve monitoring physical spaces and as it expands its business across multiple geographies.
Associate Analyst
Christian Stevens
CFO
David Smith
Executive director and COO
Subhash Challa
CEO
Forecast net cash (A$m)
2.9
Forecast gearing ratio (%)
N/A
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 0.0 | (9.3) | (43.7) |
| Relative | 3.1 | (7.0) | (42.3) |
| 52 week high/low | A$0.1/A$0.0 |
SenSen Networks reported its ninth consecutive quarter of year-on-year record cash receipts in Q323, with growth across all key verticals and no customer churn. The company has also introduced further measures to achieve cash flow positivity and profitability from Q423, focusing on upselling to existing customers and introducing a salary sacrifice scheme for senior staff. We moderate our revenue growth forecasts to reflect these measures but upgrade our profitability and cash forecasts as a result. The short to medium term is likely to see greater focus on the smart cities segment, where the company has established a promising international market presence and where it has considerable scope to expand its engagements in its existing customer base. This positions SenSen well to scale more profitably in the mid-term.
| Y/E Jun | Revenue (A$m) | EBITDA (A$m) | PBT (A$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2021A | 5.5 | (2.2) | (2.9) | (0.59) | N/A | N/A |
| 2022A | 9.1 | (7.8) | (8.6) | (1.42) | N/A | N/A |
| 2023E | 11.1 | (3.5) | (4.2) | (0.62) | N/A | N/A |
| 2024E | 17.0 | 3.6 | 3.0 | 0.33 | 15.2 | 12.7 |
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