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4th May 2024
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SenSen Networks Key Info.
Code: SNS | Market Cap: $28m | Current Price: $0.04
Price Target: N/A | Sector: Technology | Broker: Edison
SenSen Networks - Overview
SenSen Networks Limited develops and sells SenDISA platform-based products and services in Australia overseas. The company operates through its Smart Cities, Casinos, and Retail segments.
The SenDISA platform combines enterprise video, sensor data analytics and edge-to-cloud servers, meaning customers can automate their business processes and make fast and accurate decisions.
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Highlights
SenSen has won a major contract with Australia’s National Heavy Vehicle Regulator (NHVR), generating A$1.5m in upfront revenue and approximately $500,000 in annual recurring revenue.
The broker views the deal as validation of both SenSen’s technology and its land and expansion strategy.
The contract follows on from the 2021 trial, expanding from five to 32 cameras deployed across New South Wales, South Australia, Tasmania and Victoria, with the potential to expand the footprint across all NHVR jurisdictions in the future.
You can access the SenSen Networks Research Report here.
