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How RemSense’s Tier-1 Project Wins Are Shaping Its Turnaround in FY26
8:30am on Thursday 26th of February, 2026 AEDT
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Technology
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How RemSense’s Tier-1 Project Wins Are Shaping Its Turnaround in FY26
8:30am on Thursday 26th of February, 2026 AEDT
Key Points
H1 FY26 revenue declined 49% to $1.587 million due to milestone-based delivery timing
EBITDA turned positive at $109K, with cash EBITDA reaching $237.7K
Strong Q2 invoicing of $1.685 million from Tier-1 energy and resources projects
Recurring subscription revenue expanded with renewals from Woodside and Newmont
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