This morning Senetas Corporation Limited (ASX: SEN) released its results for the financial year ending June 30, 2019. Below is a summary of the results with comparisons to the prior year.
- Revenue of $21.3m, compared to $18.97m
- Profit before tax and one offs $3.86m
- Statutory profit before tax $320k, compared to $4.43m
- Net loss after tax $463k, compared to profit of $1.95m
- Will pay a cash dividend of $0.000462 per share worth around $0.5m
- No debt and $17.9 million cash on hand
Andrew Wilson the CEO of the cyber-security company commented: "Whilst our Net Profit for FY2019 has been impacted by the first time recognition of Senetas's share of the Votiro loss, changes to the nature of our R&D rebate and some other non-recurring items, our underlying operating profit excluding these items has seen strong growth over the prior year."
Looking at its latest appendix 3B regulatory filing Senetas has a high 1.081 billion shares on issue to give it a market value around $80 million based on a 7.4 cents per share price.
The balance sheet is in decent shape and the company sits in the growing space of cyber security.
It has also been profitable in the past so it's the kind of business some small-cap enthusiasts might want to do some further research on.
Other small caps in the software space include Serko Ltd (ASX: SKO) and Alcidion Group Ltd (ASX: ALC).
