• Record Q3 cash collections of $3.7M, up 61% over PCP
• Overhead costs down $0.8M over PCP
• Fourth consecutive quarter of positive operating cash flow

SenSen Networks Limited (ASX:SNS) has provided an update on its activities for the quarter ended 31 March 2025 (Q3 FY25). The company delivered record Q3 cash collections of $3.7M, up $1.4M (61%) over the prior corresponding period (PCP) of $2.3M. This strong cash performance was driven by the on-time delivery of all significant projects, ongoing management of operating costs, and refined business processes that have allowed the company to scale its operations. SenSen also reported a reduction in overhead costs of $0.8M over PCP, resulting in the company's fourth consecutive quarter of positive operating cash flow of $0.2M, an improvement of $2.3M over PCP of ($2.1M). Year-to-date operating cash flow was $1.8M, an improvement of $3.3M over PCP of ($1.5M). The company's net cash position grew to $0.7M, compared to a net debt position of ($1.0M) in the PCP. SenSen also reported strong sales momentum, with new orders worth ~$1M (upfront) and $0.5M (ARR) received in Q3, with cash receipts expected in the following quarters. Key new orders included an expansion with Brisbane City Council, an upgrade with the City of Vancouver, and additional orders from the National Heavy Vehicle Regulator and AMPOL.

The company is focused on establishing the foundations for delivering sustainable cash flow positive operations, and is pleased to report its fourth consecutive cash flow positive quarter and highest ever Q3 collections since inception. The company continues to develop groundbreaking innovations like SenPIC to rapidly grow the business and improve citizen's lives across the globe.