SenSen Networks (SNS) Q3 2026 earnings summary

Executive summary

• Achieved record year-to-date customer cash receipts of $10.7 million, up 7% year-over-year.

• Positive Q3 operating cash flow of $0.9 million, a 417% increase compared to the same quarter last year.

• Annual Recurring Revenue (ARR) grew 17% year-over-year to $11.0 million, driven by new customers and increased usage revenue.

• Successfully deployed the AI platform in India for a major smart city initiative and expanded fuel retail solutions.

Financial highlights

• Q3 customer cash receipts totaled $5.2 million, including a $2.05 million R&D tax offset refund.

• Closing cash balance at quarter end was $1.2 million, with $2.2 million in undrawn debt facilities.

• Net cash (debt) position improved to ($227,000) from ($1.01 million) in the previous quarter.

• Q3 customer cash receipts were 14% lower than the prior corresponding period due to project delays.

Outlook and guidance

• Revenue for H2 FY26 expected to be broadly in line with H2 FY25; full-year FY26 revenue slightly ahead of FY25.

• Full-year FY26 EBITDA forecasted to be significantly higher than FY25.