SenSen Networks Hits Record $4.3M Cash Receipts, Secures $2.2M in New Smart City Contracts

• Record Q1 FY26 cash receipts of $4.3 million, up 27% year-on-year
• Positive operating cashflow of $311,000 achieved
• Secured $2.2 million in new contracts across Singapore, USA, and Australia
• Debt substantially reduced, with only R&D tax incentive-backed loan remaining
• Cash balance of $1.8 million and $2.1 million undrawn debt facilities

Strong Financial Momentum in Q1 FY26

SenSen Networks Limited (ASX, SNS), a leader in AI-powered Smart City solutions, has delivered a standout start to FY26 with record quarterly cash receipts of $4.3 million. This represents a robust 27% increase compared to the same quarter last year, underscoring growing market demand for its Live Awareness AI platform, SenDISA. The company also reported positive operating cashflow of $311,000, a notable achievement that reflects improved operational efficiency alongside revenue growth.

Driving this momentum was a significant $1.5 million contribution from the Agence de mobilité durable de Montréal project, highlighting SenSen’s expanding international footprint. The company’s strategic investments in marketing and sales have further fueled lead generation, particularly at key industry events, positioning SenSen well for continued expansion in the Smart City sector.

New Contracts Across Three Continents

SenSen secured $2.2 million in new contracts during the quarter, spanning Singapore, the United States, and Australia. In Singapore, a $1.1 million deal with the Singapore Transit Authority, facilitated through partner D-Ron, will deploy AI-powered remote compliance solutions. In the US, new orders were received from the City of Philadelphia for digital kerb technology and from West Palm Beach, Florida, for mobile enforcement solutions.

Australian contracts include new orders from the City of Strathfield and Wollongong, alongside expansions with the City of Adelaide and Hillside. Additionally, major fuel retailers Chevron, Ampol, and Solo have extended their rollouts of SenSen’s AI-driven fuel theft and debt recovery solutions, demonstrating strong adoption in commercial sectors.

Debt Reduction and Cash Position Strengthened

SenSen has made significant strides in improving its balance sheet, clearing all debt except for an R&D tax incentive-backed loan, which is expected to be repaid upon receipt of the FY25 R&D tax credit. The company ended the quarter with a healthy cash balance of $1.8 million and undrawn debt facilities of $2.1 million, providing ample liquidity to support ongoing growth initiatives.

CEO Subhash Challa highlighted the company’s focus on delivering AI innovations that create operational value for clients, particularly in enhancing kerbside safety, increasing revenue, and reducing costs. SenSen’s scalable SenDISA platform continues to gain traction as cities and enterprises seek real-time, integrated data solutions to improve urban management.

Looking Ahead

With a solid financial foundation and a growing pipeline of contracts, SenSen is well-positioned to capitalize on the expanding Smart City market. The company’s “land, expand, and scale” strategy aims to deepen customer relationships by broadening deployments and adapting to evolving urban management needs. Investors will be watching closely to see how effectively SenSen converts these new contracts into revenue and how its AI platform continues to evolve in a competitive landscape.

Bottom Line?

SenSen’s record quarter and strengthened cash position set the stage for accelerated growth, but execution on new contracts will be key to sustaining momentum.

Questions in the middle?

• How quickly will SenSen convert its $2.2 million in new contracts into recurring revenue?
• What impact will the repayment of the R&D tax incentive-backed loan have on cashflow in the near term?
• How will SenSen’s AI platform SenDISA differentiate itself amid increasing competition in Smart City solutions?