SenSen Networks Ltd (ASX:SNS, OTCQB:SNNSF) set another record month for sales cash inflows in June of A$1.8 million following a record month in May of A$1.1 million.

Additionally, the company has successfully pursued its strategy of footing and expansion, winning several contracts with new and existing global customers spanning all business segments including smart cities, casinos, retail fuel and monitoring.

These new contracts will bring the vaults a new total minimum contract value of A$2.7 million starting this financial year, in both initial and recurring Software as a Service (SaaS) revenue.

Additionally, SenSen continues to focus on its additional cost control initiatives with a clear objective of driving the business towards cash positive.

“Several sectors of activity”

Encouraged by another record month, SenSen CEO Dr. Subhash Challa said, “I am delighted to see consecutive months of record client inflows and revenue momentum across all of our business segments. activity.

“The momentum demonstrates our team’s maturity in delivering product and customer service at scale.

“It also proves that our product platform strategy of delivering unique products specific to a vertical from a single configurable platform delivers value to customers across a wide range of users and increases revenue from multiple verticals.”

Collections from customers.

About Sensen

SenSen Networks is primarily focused on developing, marketing and delivering innovative data-driven business process improvement solutions.

The Company’s software combines enterprise video and sensor data acquisition, data fusion, and IoT and big data analytics into a highly scalable and configurable platform that enables customers to improve the speed and accuracy of their decisions.

SenSen’s R&D and sales teams in Melbourne are supported by an Indian team providing administrative and back-end support and services, including software testing, quality assurance and customer support.