SenSen Networks (SNS) Q2 2026 earnings summary

Executive summary

• H1 FY26 cash receipts reached $7.5M, a 20% increase year-over-year; Q2 cash receipts were $3.2M, up 11% from the prior corresponding period.

• Five new city contracts secured in North America, expanding the customer base to 27 Smart City clients.

• Usage revenue in H1 FY26 surged 115% to $1.3M, driven by the SenPIC camera innovation and new customer wins.

• 33 new fuel retail sites added in Australia, with significant orders from Ampol.

Financial highlights

• Net cash used in operating activities was $(1.8)M for Q2 and $(1.5)M for H1 FY26.

• Cash balance at quarter end was $0.4M, with undrawn debt facilities of $1.6M.

• Total borrowings at quarter end were $1.45M, with available financing facilities totaling $3.0M.

• Q2 cash flow was impacted by higher equipment purchases, an extra employee pay cycle, and a delayed R&D tax refund of $2.05M.

Outlook and guidance

• Management expects the FY25 R&D tax offset refund of $2.05M to be received, supporting ongoing operations.

• Growth in recurring cash flows and new customer implementations are expected to meet current business objectives.

• Several Victorian councils are set to trial the SenPIC solution in Q3 FY26.