On 16 September 2020, SenSen Networks Ltd (ASX:SNS) released an investor presentation, providing an overview of the Company, product offerings and latest financial highlights.
In the report, SenSen emphasized on delivering both productivity as well as safety solutions to citizens, companies and cities with its multi-Camera, multi-Sensor Data Fusion software platform, the SenDISA Platform.
The platform can be reconfigured on demand to fulfil numerous use case requirements of the clients.
Globally, SenSen’s numerous potential future ARR customers are engaged in technology trials across various areas such as Parking, Road Safety, Tolls & Traffic, Infra Audits and Public Safety.
SenSen has also provided the following financial highlights:
- Over 20 customers are generating ARR as of Q1 2020, a growth from 16 in FY 2020 and 8 in FY 2019.
- As of Q1 2020, contracted total revenue stands at A$5.4 million including ARR of A$3.3 million.
- ARR comprises ~60% of the total revenue, growing steadily y-o-y from 35% in FY19.
- The average ARR per client is ~A$160 thousand per customer.
SenSen highlighted that the Company is well placed to have a record year for both total revenue as well as ARR.
On 16 September 2020, SNS closed at AU$0.089, up by 2.299% from the previous close.
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