SENETAS CORPORATION LIMITED only | |
use | Senetas Corporation Limited |
ersonal | 2022 Half Year Results - 25 February 2022 |
Slide 1 | |
© 2022 Senetas Corporation |
HY2022 Group Highlights
• | Group operating revenue of $12.9 million - down 10% on HY2021 | |
only• | • Votiro revenue up 82% to $2.8 million | |
• COVID and other supply chain delays have led to a global shortage of electronic components that | ||
temporarily impacted Senetas revenue which was 21% lower | ||
Votiro annual recurring revenue (ARR) of US$3.9 million at December 2021 (up 63%) | ||
• Votiro's subscription (SaaS) ARR was up 135% to US$2.6 million driven by the strong uptake of the | ||
SaaS subscription model | ||
• | Group net loss before tax was $4.8 million (includes Votiro net loss before tax of $5.8 | |
use | million) | |
ersonal | • The Votiro loss includes non-cash items of $1.8 million relating to amortisation and share based | |
payments expense) | ||
• | Group net loss after tax attributable to members of $2.8 million | |
• | Balance sheet remains strong with $9.7 million of cash on hand at 31 December | |
2021 and no debt | ||
© 2022 Senetas Corporation | Slide 2 |
FY2022
• | Votiro's growth outlook remains very encouraging with strong momentum building | |
only | across both the US and Asia Pacific regions | |
• The December 2021 quarter was Votiro's strongest quarter ever and its total contract value at the | ||
end of 2021 was US$7.3 million | ||
• Continuing to build a strong pipeline of proof of concept (POC) trials and POC conversion remains | ||
use | very strong | |
• ARR is expected to more than double in the next 12 months driven by growth in sales of Votiro's SaaS | ||
offering with the non-SaaS ARR (support and maintenance in Japan) to remain largely constant | ||
• | The Senetas business will continue to be impacted by global component shortages | |
ersonal | • Senetas's pipeline of customer orders is very strong and significantly ahead of any other time in the | |
past 12 months, however, global electronic component shortages are causing delays to customer | ||
network upgrade projects - increasing the lead time for shipment of Senetas's products | ||
• These global shortages are largely COVID related and are expected to impact the industry through | ||
2022, however, Senetas has significantly increased inventory levels to mitigate the impact on sales | ||
• As a result of these temporary factors we anticipate Senetas revenue could be up to 10% lower in | ||
FY2022, however, we continue to expect consolidated group revenue to be higher than in FY2021 | ||
© 2022 Senetas Corporation | Slide 3 |
use only | HY2022 VOTIRO |
ersonal | Slide 4 |
© 2022 Senetas Corporation | |
HY2022 Highlights - Votiro
only | Annual Recurring | Subscription (SaaS) | A$2.8m | |||||||
US$3.9m | US$2.6m | |||||||||
Revenue (ARR) | ARR | Revenue | ||||||||
use | Up 63% since 31 | Up 135% since 31 | Up 82% from HY2021 | |||||||
December 2020 | December 2020 | |||||||||
Total Contract | Customer Renewal | |||||||||
ersonal | Value | Rate | ||||||||
US$7.3m | >95% | |||||||||
At 31 December 2021 | 2021 calendar year | |||||||||
© 2022 Senetas Corporation | Slide 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Senetas Corporation Limited published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 23:25:58 UTC.
