Australia's Sensen Networks rises after record quarterly cash receipts

Sensen Networks

15/04/2025 01:49

** Shares of Sensen Networks SNS.AX rise 25% to A$0.03, their biggest intraday pct gain since mid-September 2024

** The AI solutions provider hits its highest level since March 11

** Co posts record third-quarter cash receipts of A$3.7 million ($2.34 million), up 61% from last year

** Says it received new orders worth ~A$1 million and A$0.5 million in third quarter

** Rise in shares help co cut YTD losses to ~16%, including the day's move, from loss of over 33% on Monday's close

($1 = 1.5813 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))