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Has Senetas finally got something that will earn revenue?
Remains to be seen.
Remains to be seen.
SEN - Senetas Corporation
- Thread starter Lachlan6
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Dona Ferentes
Did the Thessalonians write back?
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SEN has been up 38 per cent this morning. Just under 10 million shares went through early on at 1.5c. then bid up to 1.8c, now 1.7c. .... no news (none since early May)
...has a $20 million MC .
Dona Ferentes
Did the Thessalonians write back?
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I saw something about SEN working on quantum resistant encryption, but got 404
As a tiddler, it's still around but not building on last year's run
.
HY2025 Group Highlights
• Votiro sale to Menlo Security Inc. announced on 20 February 2025 – Votiro operating results continue to be consolidated into Senetas results for HY2025
• Good growth in consolidated group revenue – up 22%
• Senetas operating revenue was up 2% with a higher portion of 3rd party sales and lower inventory transfers
• Votiro operating revenue was up 66%
• Senetas segment profit before tax was up 31% to $1.9 million and gross margins were up to 87%
• Votiro segment loss before tax was down 41% to $5.6 million as a result of both higher revenue and lower costs
• Net loss after tax attributable to members was down 64% to $1.4 million driven by good growth in Senetas profit and a substantially lower Votiro loss
• Consolidated group cash on hand at 31 December 2024 was $8.8 million with no debt
.
so what are we left with ?
Outlook
• Continue to expect good customer sales of Senetas products to be maintained through the remainder of FY2025
• Customer sales pipeline growth through HY2025 provides solid momentum into late FY2025
• Thales inventory reduced by 29% in HY2025 – which will continue to affect inventory transfers and top line revenue growth; however, higher gross margins and good cash flow should continue
• Some key sales opportunities in the Middle East may provide upside to expected FY2025 revenue; however, the timing of these opportunities remains uncertain and have long lead times so may not fall in FY2025
• We expect an increasing investment in, and opportunities relating to, the previously announced work we have been doing relating to embedding Senetas encryption on Autonomous Vehicles (Drones), and working with a US multinational company with regard to potential AUKUS projects
• Capital management options to be consideration by the Senetas board as cash proceeds from the Votiro transaction are realised
• Overall, the outlook for the Senetas operating business remains strong, with good profit and cash flow expected to continue
As a tiddler, it's still around but not building on last year's run
.
HY2025 Group Highlights
• Votiro sale to Menlo Security Inc. announced on 20 February 2025 – Votiro operating results continue to be consolidated into Senetas results for HY2025
• Good growth in consolidated group revenue – up 22%
• Senetas operating revenue was up 2% with a higher portion of 3rd party sales and lower inventory transfers
• Votiro operating revenue was up 66%
• Senetas segment profit before tax was up 31% to $1.9 million and gross margins were up to 87%
• Votiro segment loss before tax was down 41% to $5.6 million as a result of both higher revenue and lower costs
• Net loss after tax attributable to members was down 64% to $1.4 million driven by good growth in Senetas profit and a substantially lower Votiro loss
• Consolidated group cash on hand at 31 December 2024 was $8.8 million with no debt
.
so what are we left with ?
Outlook
• Continue to expect good customer sales of Senetas products to be maintained through the remainder of FY2025
• Customer sales pipeline growth through HY2025 provides solid momentum into late FY2025
• Thales inventory reduced by 29% in HY2025 – which will continue to affect inventory transfers and top line revenue growth; however, higher gross margins and good cash flow should continue
• Some key sales opportunities in the Middle East may provide upside to expected FY2025 revenue; however, the timing of these opportunities remains uncertain and have long lead times so may not fall in FY2025
• We expect an increasing investment in, and opportunities relating to, the previously announced work we have been doing relating to embedding Senetas encryption on Autonomous Vehicles (Drones), and working with a US multinational company with regard to potential AUKUS projects
• Capital management options to be consideration by the Senetas board as cash proceeds from the Votiro transaction are realised
• Overall, the outlook for the Senetas operating business remains strong, with good profit and cash flow expected to continue
Dona Ferentes
Did the Thessalonians write back?
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$0.02
"A successful year of strategic transformation, culminating in the divestment of the Votiro business and a renewed focus on its profitable and cash-generative core network encryption operations. A significant net profit for the period attributable to members of $27.8 million was realised following the sale of the Votiro business in February 2025. This gain primarily reflects the positive accounting impact of removing Votiro’s previously reported negative financial position (where its liabilities were greater than its assets) from the Company's balance sheet, with the sale consideration received in cash and shares in Menlo Security Inc."
Highlights:
• Consolidated Senetas revenue of $19.3 million – in line with expectations but below FY2024
• Senetas business operating profit before tax and non-cash impairments of $3.4 million
• The Group reported an underlying net profit of $1.5 million from its continuing operations attributable to members. However, the total reported net profit for the period attributed to members was a significant $27.8 million
• Strong growth in cash balance and outlook has resulted in a capital management and reconstruction proposal to be put to Senetas shareholders at the 2025 AGM on 14 November 2025
− Proposed initial equal capital reduction to return approximately $2 million of capital to shareholders
− Senetas is applying for a class ruling from the ATO to confirm the tax treatment of the payment to shareholders
− Proposed 100:1 share consolidation
− The Senetas Board will consider further capital management activity as cash builds above business requirements
• Senetas finishes FY2025 with:
− A strong, profitable and cash generative outlook for the underlying Senetas operating business and a record high future sales pipeline
− $11.6 million of cash on hand at 30 June 2025 and no debt
− An investment in Menlo Security Inc. currently valued at in excess of $17.5 million
"A successful year of strategic transformation, culminating in the divestment of the Votiro business and a renewed focus on its profitable and cash-generative core network encryption operations. A significant net profit for the period attributable to members of $27.8 million was realised following the sale of the Votiro business in February 2025. This gain primarily reflects the positive accounting impact of removing Votiro’s previously reported negative financial position (where its liabilities were greater than its assets) from the Company's balance sheet, with the sale consideration received in cash and shares in Menlo Security Inc."
Highlights:
• Consolidated Senetas revenue of $19.3 million – in line with expectations but below FY2024
• Senetas business operating profit before tax and non-cash impairments of $3.4 million
• The Group reported an underlying net profit of $1.5 million from its continuing operations attributable to members. However, the total reported net profit for the period attributed to members was a significant $27.8 million
• Strong growth in cash balance and outlook has resulted in a capital management and reconstruction proposal to be put to Senetas shareholders at the 2025 AGM on 14 November 2025
− Proposed initial equal capital reduction to return approximately $2 million of capital to shareholders
− Senetas is applying for a class ruling from the ATO to confirm the tax treatment of the payment to shareholders
− Proposed 100:1 share consolidation
− The Senetas Board will consider further capital management activity as cash builds above business requirements
• Senetas finishes FY2025 with:
− A strong, profitable and cash generative outlook for the underlying Senetas operating business and a record high future sales pipeline
− $11.6 million of cash on hand at 30 June 2025 and no debt
− An investment in Menlo Security Inc. currently valued at in excess of $17.5 million
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