<WIRE> Sensen Networks (ASX:SNS) Initiates Further Significant Cost Decreasing Tactics in Australia and Singapore

Sensen Networks (ASX:SNS) has initiated further significant cost reduction strategies in both Australia and Singapore.

Furthermore, the company has undertaken an overall 5% reduction in its total staff count, leading to an annual cost-saving of over A$800,000.

Significantly, Sensen Networks (ASX:SNS) anticipates this reduction in headcount to have no impact on the company’s ability to generate revenue.

The ultimate aim is for Sensen Networks (ASX:SNS) to reach a state of being cash-flow positive by FY24.

Sensen Networks (ASX:SNS) is a technology company focused on developing and delivering world-leading AI-driven solutions for smart cities.

View full chart on Save $30 on a Pro or Premium TradingView account

Save $30 on a Pro or Premium TradingView account

Supported by

<SPON> Trade share CFDs with Plus500

Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.


Subscribe to the newsletter

Receive whispers every day in your inbox.