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SenSen Networks raises FY 22 annual recurring revenue guidance to A$4.5 million on US demand

SenSen Networks Ltd (ASX:SNS) (OTCQB:SNNSF) CEO Subhash Challa tells Proactive the Melbourne, Australia-based group has boosted its outlook for the 2022 financial year off the back of continued growth in North America. Challa says the company has lifted FY22 annual recurring revenue (ARR) guidance to A$4.5 million, as ARR from its North American operations is set to exceed A$1.5 million off the back of new orders and contract extensions, including its Smart Cities deals with Chicago Parking Meters the City of Las Vegas.

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Price: 0.125 AUD

Market Cap: $69.68 m

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SenSen Networks records highest cash receipts since listing on ASX

SenSen Networks Ltd (ASX:SNS, OTCQB:SNNSF)'s CEO Dr Subhash Challa tells Proactive the company ended the June quarter with A$1.6 million in cash receipts - the best result since its listed on the ASX. Looking ahead, SenSen has updated its revenue guidance for FY22. It expects to bring in more...

on 08/01/2021

2 min read