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- Sensor solutions provider, Sensera (SE1) enters a trading halt ahead of a capital raise
- It isn’t yet clear how much money will be raised or what it will be used for
- Yesterday the company released its June quarterly report which noted increased revenue and cash receipts, as well as US$787,000 (A$1.06 million) in cash by the end of the period
- Sensera expects to remain in the trading halt until Monday, August 2, by which time the capital raise details would have been announced
- Company shares last traded at 4.5 cents on Wednesday July 28
Sensera (SE1) has entered a trading halt ahead of a capital raise.
Sensera is an internet of things (IoT) sensor solutions provider which designs and makes MicroElectroMechanical Systems (MEMS) and sensors.
At this stage, it isn’t clear how much money will be raised or what it will be used for.
Yesterday Sensera released its quarterly report for the three months ending June 30.
The report highlighted a quarterly revenue of US$633,000 (A$858,000) which was up from US$451,000 (A$611,376) in the previous quarter. The company also noted a material increase in cash receipts from US$383,000 (A$519,195) to US$807,000 (A$1.09 million).
During the quarter, Sensera’s largest volume customer, Abiomed, increased its sensor demand which the company believes will continue to drive revenue throughout FY22. The increase comes from a new sensor product which is now available as part of the Impella cardiac assist device.
The company spent US$130,000 (A$176,199) on operating activities which mainly went towards staff costs, and product manufacturing and operating costs.
At the end of the quarter, Sensera had US$787,000 (A$1.06 million) in cash and 6.1 estimated quarters left based on the June quarter spending.
Sensera expects to remain in the trading halt until Monday, August 2, by which time the capital raise details would have been announced.
Company shares last traded at 4.5 cents on Wednesday July 28.
