SE1 3.53% 8.2¢ sensera limited

US $3m+ of COVID Detection Sensor Orders

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    Here's some highlights from today's announcement, in particular relating to the outlook on it's micro-devices business:

    - After paying back US $6.1m of debt, the company will be now be debt-free saving US $700k/year on interest payments
    - MD recorded a 41% increase in revenue for FY20 and the current financial year is also expected to grow materially
    - Over US$3.0m of orders have now been obtained for development and delivery of the COVID detection sensor
    - Delivering growing volumes to its largest customer Abiomed as demand has grown due to procedures influenced by COVID-19
    - Previously announced customer, DiDi, Chuxing Technology has re-initiated the development of the automated car sensor design after a COVID-19 related work disruption
    - Several new unannounced customers are providing additional designs and development-based revenue that are expected to ramp into production in the second half of FY21
    - One of those customers, IonQ, recently announced the world’s most powerful quantum supercomputer using a Sensera built ion-trapping MEMS device

    At today's closing price of 6.2c, the company is sitting at an undiluted market cap of only AUD $20m and no longer has any debt hanging over its head. With many tech stocks booming of late, I can see the share price going north from here.

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