SensOre enjoys another record quarter for invoices
Melbourne, Victoria
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July 31, 2023 01:15 PM Eastern Daylight Time
SensOre Ltd (ASX:S3N) CEO Richard Taylor talks Proactive through the highlights of its June quarter. The company reported another record quarter for invoices, an increase of 67% versus the prior quarter. Total contract value increased 25% compared to Q3 FY2023 and importantly S3N achieved positive operating cashflow in the period.
“The team at SensOre are extremely encouraged by the performance of the group across all business segments this quarter and financial year. Operationally we reported another record quarter for invoices, an increase of 67% versus the prior quarter. TCV increased 25% compared to Q3 FY2023. Importantly for a high growth company, we achieved positive operating cashflow this reporting period. We continued to see strong demand from existing and new clients for our technology, with sales of key geochemistry and geophysics tools accelerating in the June quarter.
“Our Lithium targeting with Deutsche Rohstoff is ramping up and we expect this to be a key focus area next year. Post the capital raise in the June quarter we are poised for another transformative year of growth across Technology Products, Services and Exploration.”
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Proactive Investors
Jonathan Jackson
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