Australia's Sensen eyes best day in 7 weeks on record month of sales cash inflows

Sensen Networks

05/07/2022 04:14

** Shares of SenSen Networks Ltd  SNS.AX  climb as much as
7.1% to A$0.075, set for their best day since May 17, if gains
hold
    ** The AI software and solution provider posts record
monthly sales cash inflows in June at A$1.8 mln ($1.24 mln)
 urn:newsml:reuters.com:*:nASX7lPZ5v
    ** Says it has won contracts with a total new minimum
contract value of nearly A$2.7 mln from FY23 in both upfront and
software as a service (SaaS) recurring revenues
    ** SenSen is implementing additional cost-cutting measures
including staff cost savings and IT costs rationalisation to
turn cash-flow positive
    ** Stock down 53.3% this year, as of last close

     ($1 = 1.4524 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))