Senetas Corporation Reports Strong Growth in FY2024

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

Senetas Corporation Limited has reported a significant surge in customer sales, resulting in a 6.5% increase in group revenue to $31.2 million and a substantial 12.6% rise in gross profit for the fiscal year 2024. Despite a net loss after tax, the company celebrated record sales to Thales for a Middle Eastern government and a robust 49% growth in annual recurring revenue from its Votiro segment. Senetas’s successful expansion in the Middle East and Votiro’s strong performance are key highlights, with the latter’s sales pipeline exceeding US$35 million.

For further insights into AU:SEN stock, check out TipRanks’ Stock Analysis page.