Senetas Corporation: Expecting 170pc increase in H1 earnings

  • Senetas Corporation (SEN) is expecting a 170 per cent increase in its underlying earnings before interest, taxes, depreciation, and amortization (EBITDA)
  • The cybersecurity business revealed the strong result as part of its unaudited half-year results for the 2021 financial year
  • The tech stock is also expecting its underlying revenues to hit up to $12.8 million, an increase of 30 per cent
  • In addition to this, Senetas believes its net profit after tax will total between $100,000 and $200,000 for the period
  • The technology stock is expecting more growth in the second half, as its Votiro Cybersec Global investment has picked up by a Fortune 500 company
  • Shares in SEN are trading up 12.3 per cent at 6.4 cents each
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Danske Bank Restricts Customer Data Access Following Address Leak

Danske Bank acts after sensitive customer details exposed to payment recipients.Highlights: Danske Bank reveals a data leak of...

Fintech Veteran Launches Primitive AI Agent Operating System

A groundbreaking platform for AI-driven financial services is unveiled.Highlights: Primitive AI, led by a fintech veteran, introduces a...

Visa Launches Validator Node on Tempo Blockchain, Strengthening Payments Infrastructure

New validator node aims to boost transaction efficiency for Visa services.Highlights: Visa launches a new validator node on...

Amex Launches Agentic Commerce Development Kit to Strengthen Merchant Services

New toolkit aims to enhance payment solutions for businesses.Highlights: Amex unveils Agentic Commerce Development Kit for merchants.The toolkit...