An announcement from Senetas Corporation Limited ( (AU:SEN) ) is now available.
Senetas Corporation Limited reported a 21.5% increase in consolidated group revenue to $16.4 million for the half-year ending December 2024, with a significant contribution from the Votiro segment, which saw a 66% rise in revenue. The recent sale of the Votiro business to Menlo Security Inc. is expected to accelerate Votiro’s growth, while Senetas continues to focus on R&D and expanding its encryption solutions, including projects related to autonomous vehicles and potential AUKUS collaborations. The company’s financial performance improved, with a 31% increase in profit before tax for the Senetas segment, despite a consolidated net loss after tax of $1.4 million.
More about Senetas Corporation Limited
Senetas Corporation Limited operates in the cybersecurity industry, focusing on encryption solutions. The company provides high-assurance encryption hardware and software, catering primarily to government and enterprise markets. Senetas is known for its secure network encryption products, which are used globally to protect sensitive data.
YTD Price Performance: -16.67%
Average Trading Volume: 987,139
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$41.39M
For detailed information about SEN stock, go to TipRanks’ Stock Analysis page.