Australia's Senestas Corp climbs on upbeat forecast

Senetas

26/06/2023 03:15

** Shares of Senetas Corp Ltd  SEN.AX  rise as much as 19%
to A$0.025
    ** Data encryption hardware co expects revenue in its
namesake segment to be 5%-10% higher than prior year in full
year 2023
    ** The company also forecasts profit before tax to increase
by 70% in the segment
    ** Sees cash flow break-even in the Voltiro segment by the
middle of 2024
    ** Stock had fallen ~42% this year, as of last close

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.bedi@thomsonreuters.com))