SensOre enjoys another record quarter for invoices
July 31, 2023 at 01:16 pm EDT
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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.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Premier1 Lithium Limited, formerly SensOre Ltd., is an Australia-based company, which combines its geoscience platform and its proprietary target generation and validation technology with its geosciences expertise to discover viable mineral deposits and at pace for clients and for itself. The Company operates through four segments: Technology, Exploration, Intrepid and Corporate. It invests in the continuous improvement of its technology and IP assets, including DPT, Data Cube, Geomodeller, Cauchy Downward Continuation (CDC), 2.5D AEM, AGLADS, iFertile, iDeposit and the SensOre Discoveries Database. It has a tenement portfolio of wholly owned and joint ventured tenement assets in Western Australia that it conducts exploration and evaluation activities on. It has acquired Intrepid, a provider of geophysics software and services, which distributes and resells globally. Its Corporate segment includes corporate related salaries and oncosts, administration, marketing, and compliance costs.