Brief: Sensen Networks Says Q1 Customer Cash Receipts Up 139%
31/10/2022 01:32
Oct 31 (Reuters) - Sensen Networks Ltd SNS.AX :
* Q1 CUSTOMER CASH RECEIPTS OF A$2.6M, A 139% INCREASE OVER
PCP
* EXPECTED TO BE APPROACHING AN ANNUALISED ARR OF ABOUT
A$10.0M BY
END OF FY23
* WILL BE IMPLEMENTING FURTHER REDUCTIONS IN STAFF COSTS,
PROFESSIONAL SERVICES, IT, TRAVEL AND ADMINISTRATIVE COSTS OVER
H2
* WILL BE IMPLEMENTING ABOUT A$1.1 MILLION IN ANNUALISED
COST
SAVINGS IN CURRENT QUARTER
* STRATEGY EXPECTED TO SEE SENSEN DELIVER A CASH-FLOW
NEUTRAL
OUTCOME FROM NOW TO END OF FY23
Source text for Eikon: ID:nASX72yh9m
Further company coverage: SNS.AX
((Reuters.Briefs@thomsonreuters.com;))
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