Senetas Scores Record Encryption Order, Votiro Grows

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

Senetas Corporation Limited has landed its biggest order ever for high-speed ethernet encryptors from a Middle Eastern government, set to significantly boost its FY2024 revenue by up to $3 million and profit before tax by up to $2.3 million. Meanwhile, its subsidiary Votiro continues to expand, reaching $10.2 million in annual recurring revenue as of April 2024, with expectations of sustained growth following the launch of a pioneering Zero Trust Data Detection and Response platform. Despite a minor delay impacting cash flow, Votiro’s momentum remains strong, with a robust sales pipeline and support from Senetas’s cash reserves.

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