Senetas Corp Ltd Votiro Business Update Transcript

May 07, 2024 / 12:30AM GMT
Andrew Wilson - Senetas Corp Ltd - Chief Executive Officer, Executive Director

Good morning, everybody. Welcome to the Senetas and Votiro business update following the announcement that we made last week. So I'd like to thank you for tuning in. I'll introduce with some comments about and highlights in relation to where Senetas year-to-date and what we expect for the financial year 2024 and then hand over to Ravi to discuss in more detail, Votiro. And after that, we'll take some questions.

Next slide. So we're continuing to see the cyber security market strengthen for Senetas as we emerge from the component shortage disruptions of recent years. So that's very pleasing to see. So as a result of that, we're expecting the Senetas segment revenue for financial year 2024 to be higher than financial year 2023.

The Senetas reported profit before tax for 2024 is targeted to be up over 20% compared with financial year 2023, excluding the impact of variable consideration, if we exclude that component, then our profit is expected to be significantly stronger than that. And therefore, the cash flow

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