Senetas Corporation Achieves Record Sales Growth

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

Senetas Corporation Limited reports a robust financial performance for FY2024, with a record-breaking sale to a Middle Eastern government and a significant increase in hardware sales, driven by a partnership with Thales. The company’s segment adjusted profit soared by 63% to $3.6 million, while Votiro, its subsidiary, experienced a 25% revenue growth and an ARR surge to US$10.4 million. Senetas also raised $5 million through a placement and entitlement offer, bolstering its cash reserves to $9.4 million.

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