For those who may be new to Sensera here is a very good summary as to why SE1 is totally unique in the MEMS space and why they offer excellent value at present prices and why they present far better value compared to other asx listed mems companies.....
Sensera is a high margin business they operate a Boston based micro fabrication facility and provides design engineering and manufacturing services for clients producing high value low volume MEMS based products: They specialise in complex MEMS based technologies and provides services to external customers whilst pursuing a strategy of acquiring products that will benefit from their in house micro fab capability.
So basically they have 2 facets to their business model:
Contract manufacturing and an IP strategy.
In the SE1 recent FY2017 update they stated that they are on track for min $2m in revenue for CY2017, and to achieve a min $7m in future forecast customer orders by end of CY2017, they also stated that they will identify and complete their first acquisition in 2H CY17.... This could really be a catalyst for a major re rate as this is a big part of their strategy going forward....
their first IP product which they are already working on is a water leakage detection product "Towakon" which can detect minute drips and leaks in toilets and plumbing, with possible commercialization in 2018....
SE1 current fully diluted market cap $39m
Other notable MEMS based ASX listed companies are as follows:
AKP: Audio Pixels: Only an IP company without the microfab manufacturing potential, they need to source externally.... Market cap got as high as $900m last year at its highs and currently around $600m
PSY: Panarama synergy: Only an IP company, they only seem to have one or 2 product that they are pursuing, once again they dont have a microfab manufacturing facility like SE1 does. market cap reached $45m just the other day and in 2014 reached a peak of $275m
I really like the SE1 story, management are of the highest calibre with Ross Haghighat an advisor (also EMC director) and also the largest share holder in SE1 and founder of the company (incidentally one of Ross's previous MEMS companies Coretek was acquired for US $1.43b in 2000, so if anyone knows this space its him) Then you have George Lauro as non exc director a highly experienced tech entrepreneur having been involved in M&A exceeding US $2b in value.
IMO SE1 could be the next Altium (ALU) long term
DYOR as always
