Senetas Reports Revenue Growth Amidst Net Loss

Senetas Corporation Limited (AU:SEN) has released an update.

Senetas Corporation Limited reported a consolidated group revenue increase of 6.5% to $31.2 million for FY2024, with significant sales growth, particularly a record sale to a Middle East Government customer and a 49% uptick in Votiro’s annual recurring revenue. Despite these gains, the company faced a net loss after tax of $6.1 million, which was an improvement over the previous year’s $7.3 million loss. The company also highlighted a strong cash position with $9.4 million on hand at the end of the period.

For further insights into AU:SEN stock, check out TipRanks’ Stock Analysis page.