SNS 0.00% 4.6¢ sensen networks limited

The statement about recording its most lucrative quarter is...

  1. Eqz
    3,513 Posts.
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    The statement about recording its most lucrative quarter is referring to prior quarter.

    Q1 will only be around $750k unless a contract is won beforeQuarter end.
    Cash burn is expected to be $700k so yes cash flow positive, but this is on a 35% reduction on salaries.

    Driver distraction program will take until the end of the year. I don't think thiswill be a strong revenue driver for SNS, ~approx. $120k in fines per year at10k fines issued per month. SNS may take10-30% of this + upfront installation cost.

    The board has done well to continue operations, grow the business and match burn with revenue.
    $2M COH will need to be used for investments in R&D and I fear a CR is likely this FY, perhaps Q2 if no major contracts are won.

    10c valuation = $44Mcap with only 3.5M ARR =12x multiple. (outside of my range of comfort for SaaS plays).

    Good luck guys - I really like the company - hope it plays out well for you.

 
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