SNS.ASX: Business Update Successful Delivery of Major Contract

Business Update Successful Delivery of Major Contract

Stock	Sensen Networks Ltd (SNS.ASX)
Release Time	30 Jun 2025, 10:11 a.m.
Price Sensitive	Yes

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SenSen Delivers Major Contract, Expects Record Revenue

Key Points

Successful delivery of significant contract with Agence de mobilité durable de Montréal
Full-year revenue expected to be A$14.6 million to A$15.3 million, over 20% YoY growth
Cash collections for the year expected to be A$13.5 million to A$14.1 million

Full Summary

SenSen Networks Limited (ASX: SNS) has achieved successful delivery and customer acceptance of its initial order for the supply of vehicle mounted mobile enforcement systems and software with Agence de mobilité durable de Montréal in Canada. The upfront revenue of approximately A$1.7 million linked to this contract will now be recognised in Q4 FY25, with the cash expected to be received in Q1 FY26. As a result, the Company now expects full-year revenue to be in the range A$14.6 million to A$15.3 million subject to final audit, a record full year revenue result. The Company's full year cash collections are expected to be in the range A$13.5 million to A$14.1 million, a new high for the Company, with collections continuing until close of business on 30 June. The successful and timely delivery of this and other projects in FY25 is a key driver of SenSen's year-on-year revenue growth.

Guidance

Full-year revenue expected to be in the range A$14.6 million to A$15.3 million, delivering over 20% year-on-year growth. Cash collections for the year expected to be in the range A$13.5 million to A$14.1 million.