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Currency in AUD
Last close As at 25/03/2023
AUD0.06
— 0.00 (0.00%)
Market capitalisation
AUD43m
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 artificial intelligence (AI) market, which is expected to expand at about a 43% CAGR and reach US$126bn by 2025 (source: Tractica). As it executes its ‘Land Grab’ strategy, SenSen should benefit as AI is increasingly used in verticals that involve monitoring physical spaces and as it expands its business across multiple geographies.
Director, TMT
Christian Stevens
CFO
David Smith
Executive director and COO
Subhash Challa
CEO
Forecast net cash (A$m)
2.9
Forecast gearing ratio (%)
N/A
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | 21.2 | 0.0 | (49.6) |
| Relative | 14.3 | (8.5) | (51.7) |
| 52 week high/low | A$0.1/A$0.0 |
SenSen Networks (SNS) maintained its streak of record year-on-year cash receipts in Q223, with customer receipts up 70% against Q222 to A$2.6m. SNS continues to see growth across its key verticals of smart cities, gaming, retail and surveillance, boosting annual recurring revenues (ARR) to c A$8m, and leaving the company well on track to meet management’s expected ARR of A$10m by the end of FY23. SNS’s operational restructuring and previously announced A$2.5m in cost saving efforts should support management’s goal of cash flow neutrality by the end of the fiscal year. These results lead us to maintain our forecasts and if SenSen can continue to grow ARR, then the valuation gap between peers can potentially close.
| Y/E Jun | Revenue (A$m) | EBITDA (A$m) | PBT (A$m) | EPS (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2021A | 5.5 | (2.2) | (3.0) | (0.62) | N/A | N/A |
| 2022A | 9.1 | (7.8) | (12.3) | (2.02) | N/A | N/A |
| 2023E | 15.5 | (2.8) | (5.6) | (0.83) | N/A | N/A |
| 2024E | 23.5 | 3.2 | 0.4 | 0.05 | 100.0 | 18.6 |
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