SenSen Networks (SNS) Q2 2025 earnings summary

Executive summary

• Achieved third consecutive quarter of positive operating cash flow, totaling $1.3M for Q2 FY25, compared to $1.7M in the prior corresponding period (PCP).

• Cash receipts for the quarter were $2.9M, in line with continuing operations from the PCP after adjusting for discontinued business.

• Transitioned from net debt of $0.5M in September 2024 to a net cash position of $0.6M by December 2024.

• Received annual R&D grant of $2.3M, used to repay Rocking Horse loan and interest.

Financial highlights

• Operating cash flow for Q2 FY25 was $1.3M, with year-to-date operating cash flow at $1.57M.

• Customer cash receipts for the quarter were $2.87M.

• Payments for staff costs, administration, and corporate costs totaled $2.75M for the quarter.

• Net cash from financing activities was negative $1.07M, reflecting loan repayments.

• Cash and cash equivalents at quarter end were $1.7M.

Outlook and guidance

• Significant revenues from Canadian projects in Calgary, Montreal, and Toronto are expected in H2 FY25.

• Ongoing working capital needs anticipated for upfront costs of large projects, expected to be met by existing finance facilities.