
OTTAWA, Nov. 25, 2025 /PRNewswire/ -- Senstar Technologies Corporation (NASDAQ: SNT), a leading international provider of comprehensive physical, video and access control security products and solutions, today announced its financial results for the three and nine months ended September 30, 2025. Management will hold an investors' conference call later today (at 5:00 p.m. Eastern Time) to discuss the results.
Third Quarter 2025 Summary:
(Third quarter 2025 results for the three months ended September 30, 2025, compared to the three months ended September 30, 2024)
- Revenue of $9.5 million with gross margin of 67.3% compared to $9.7 million and 68.0%, respectively in the third quarter of last year. Year-to-date revenue increased by 8% compared to the same period in 2024.
- Net income of $1.0 million compared to $1.3 million in the third quarter of last year; year-to-date net income increased to $3.2 million from $1.0 million year-to-date in 2024.
- Third quarter EBITDA of $1.3 million compared to $2.0 million in the third quarter of last year; year-to-date EBITDA increased to $3.7 million, up from $3.0 million compared to the same period in 2024.
- Ended the quarter with a sound and flexible balance sheet, including $21.7 million in cash and short-term bank deposits and no debt, compared with $20.6 million as of December 31, 2024.
Mr. Fabien Haubert, CEO, stated, "Our performance year-to-date reflects consistent execution and continued expansion in our highest-value verticals. Core vertical revenues grew double digits in both the quarter and year-to-date periods, supported by rising investment in critical and non-critical infrastructure protection globally. We are gaining measurable share in Corrections and Energy, where our business development strategy is driving repeatable deployments and scalable account growth. Our Utilities, Transport and Data Centers momentum is strengthening rapidly with the increasing adoption of our advanced perimeter security solutions among both existing as well as rising new customers."
Mr. Haubert continued, "Consistant with prior quarters, gross margin remained above targets in the third quarter, underscoring the value of our differentiated technology and operational efficiency. With a robust pipeline, diversified geographic footprint, and a debt-free balance sheet with $21.7 million in cash, we are positioned to continue delivering sustainable, profitable business going forward."
Third Quarter 2025 Financial Results Summary
Revenue for the third quarter of 2025 was $9.5 million, a decline of 2.1% compared with $9.7 million for the third quarter of 2024. Third quarter gross profit was $6.4 million, or 67.3% gross margin, compared with $6.6 million, or 68.0% gross margin, for the third quarter of 2024. The stability in gross margin is primarily a reflection of a well-balanced product mix.
Operating expenses increased to $5.2 million, compared to $4.8 million for the third quarter of 2024. The increase was mainly driven by general and administrative expenses, due to an exceptional consulting cost related to our strategic growth.
Operating income for the third quarter of 2025 was $1.1 million compared to $1.8 million for the third quarter of last year. The variation in operating income is primarily attributable to an exceptional consulting cost related to our strategic growth.
Financial income increased to $282,000 compared to financial income of $111,000 for the third quarter of last year.
Net income in the third quarter of 2025 was $1.0 million, or $0.04 per share compared to $1.3 million, or $0.06 per share, in the third quarter of last year.
EBITDA for the third quarter of 2025 was $1.3 million compared to $2.0 million in the third quarter of 2024.
Cash and cash equivalents and short-term bank deposits were $21.7 million, or $0.93 per share as of September 30, 2025, compared to $20.6 million, or $0.88 per share, as of December 31, 2024.
Earnings Conference Call Information:
We will host a conference call later today, November 25, 2025. The call will begin promptly at 5:00 p.m. Eastern Time. We request that participants dial in 10 minutes before the conference call commences and use the conference ID number 13757069.
Participant Dial-in Numbers:
Toll Free: 1-877-407-9716
Toll/International: 1-201-493-6779
The conference call will also be available via a live webcast at:
https://viavid.webcasts.com/starthere.jsp?ei=1742093&tp_key=c0e8762f70
Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13757069
About Senstar Technologies Corporation
With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance, and unify support. For 40 years, Senstar has been safeguarding people, places, and property for organizations around the world, with a special focus on utilities, logistics, correction facilities and energy markets.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario), which we refer to collectively as forward-looking statements. These forward-looking statements are not limited to historical facts, but reflect Senstar's current beliefs, expectations or intentions regarding future events. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "seek," "estimate," "predict," "potential," "pursue," "target," "continue," and similar expressions are intended to identify such forward-looking statements. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including the effect of tariffs imposed by governments in countries in which we operate and those risks discussed under the heading "Risk Factors" in Senstar's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission, or the SEC, and in other filings with the SEC. These forward-looking statements are made only as of the date hereof, and, except as required by applicable law or regulation, Senstar undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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For more information:
Senstar Technologies Corporation
Alicia Kelly
Chief Financial Officer
[email protected]
IR Contact:
Hayden IR
Corbin Woodhull
Managing Director
[email protected]
+1-602-476-1821
-- Tables follow –
SENSTAR TECHNOLOGIES CORPORATION |
|||||||||||
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||||
2025 |
2024 |
% change |
2025 |
2024 |
% change |
||||||
Revenue |
9,500 |
9,701 |
(2) |
27,602 |
25,518 |
8 |
|||||
Cost of revenue |
3,108 |
3,109 |
- |
9,157 |
9,200 |
(1) |
|||||
Gross profit |
6,392 |
6,592 |
(3) |
18,445 |
16,318 |
13 |
|||||
Operating expenses: |
|||||||||||
Research and development, net |
812 |
1,300 |
(38) |
2,612 |
3,342 |
(22) |
|||||
Selling and marketing |
2,335 |
2,041 |
14 |
7,052 |
6,393 |
10 |
|||||
General and administrative |
2,097 |
1,427 |
47 |
5,613 |
4,166 |
35 |
|||||
Total operating expenses |
5,244 |
4,768 |
10 |
15,277 |
13,901 |
10 |
|||||
Operating income |
1,148 |
1,824 |
3,168 |
2,417 |
|||||||
Financial income (expenses), net |
282 |
111 |
221 |
268 |
|||||||
Income before income taxes |
1,430 |
1,935 |
3,389 |
2,685 |
|||||||
Taxes on income (tax benefits) |
424 |
650 |
140 |
1,653 |
|||||||
Net income |
1,006 |
1,285 |
3,249 |
1,032 |
|||||||
Basic and diluted net income per share |
$0.04 |
$0.06 |
$0.14 |
$0.04 |
|||||||
Weighted average number of shares used in |
23,331,653 |
23,309,987 |
23,328,851 |
23,309,987 |
|||||||
Weighted average number of shares used in |
23,545,277 |
23,309,987 |
23,405,510 |
23,309,987 |
|||||||
SENSTAR TECHNOLOGIES CORPORATION |
|||||||||
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||||
2025 % |
2024 % |
2025 % |
2024 % |
||||||
Gross margin |
67.3 |
68.0 |
66.8 |
63.9 |
|||||
Research and development, net as a % of revenues |
8.5 |
13.4 |
9.5 |
13.1 |
|||||
Selling and marketing as a % of revenues |
24.6 |
21.0 |
25.5 |
25.1 |
|||||
General and administrative as a % of revenues |
22.1 |
14.7 |
20.3 |
16.3 |
|||||
Operating margin |
12.1 |
18.8 |
11.5 |
9.5 |
|||||
Net margin |
10.6 |
13.2 |
11.8 |
4.0 |
|||||
SENSTAR TECHNOLOGIES CORPORATION |
||||||||
Three Months Ended September 30, |
Nine Months Ended September 30, |
|||||||
2025 |
2024 |
2025 |
2024 |
|||||
GAAP income |
1,006 |
1,285 |
3,249 |
1,032 |
||||
Less: |
||||||||
Financial income (expenses), net |
282 |
111 |
221 |
268 |
||||
Taxes on income (tax benefits) |
424 |
650 |
140 |
1,653 |
||||
Depreciation and amortization |
(174) |
(185) |
(500) |
(552) |
||||
EBITDA |
1,322 |
2,009 |
3,668 |
2,969 |
||||
SENSTAR TECHNOLOGIES CORPORATION |
|||
September 30, |
December 31, |
||
2025 |
2024 |
||
CURRENT ASSETS: |
|||
Cash and cash equivalents |
$21,538 |
$20,466 |
|
Short-term bank deposits |
126 |
111 |
|
Restricted cash and deposits |
6 |
5 |
|
Trade receivables, net |
10,125 |
10,306 |
|
Unbilled accounts receivable |
225 |
228 |
|
Other accounts receivable and prepaid expenses |
2,323 |
2,161 |
|
Inventories |
5,562 |
4,957 |
|
Total current assets |
39,905 |
38,234 |
|
Long term ASSETS: |
|||
Deferred tax assets |
1,076 |
1,158 |
|
Operating lease right-of-use assets |
348 |
528 |
|
Total long-term assets |
1,424 |
1,686 |
|
PROPERTY AND EQUIPMENT, NET |
1,623 |
1,328 |
|
INTANGIBLE ASSETS, NET |
223 |
468 |
|
GOODWILL |
10,722 |
10,360 |
|
Total assets |
$53,897 |
52,076 |
|
SENSTAR TECHNOLOGIES CORPORATION |
|||
September 30, |
December 31, |
||
2025 |
2024 |
||
CURRENT LIABILITIES: |
|||
Trade payables |
$2,372 |
$2,689 |
|
Deferred revenues and customer advances |
2,724 |
3,044 |
|
Other accounts payable and accrued expenses |
3,880 |
6,433 |
|
Short-term operating lease liabilities |
199 |
254 |
|
Total current liabilities |
9,175 |
12,420 |
|
LONG-TERM LIABILITIES: |
|||
Deferred revenues |
1,262 |
1,171 |
|
Deferred tax liabilities |
548 |
443 |
|
Long-term operating lease liabilities |
167 |
296 |
|
Other long-term liabilities |
46 |
70 |
|
Total long-term liabilities |
2,023 |
1,980 |
|
SHAREHOLDERS' EQUITY
|
|||
Share Capital: Common shares - 39,748,000 shares authorized - |
|||
No par value, 23,331,653 and 23,326,653 shares issued and outstanding at |
- |
- |
|
Additional paid-in capital |
37,861 |
37,377 |
|
Accumulated other comprehensive income (loss) |
(504) |
(980) |
|
Foreign currency translation adjustments (stand-alone financial statements) |
9,256 |
8,442 |
|
Accumulated deficit |
(3,914) |
(7,163) |
|
TOTAL SHAREHOLDERS' EQUITY |
42,699 |
37,676 |
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
$53,897 |
$52,076 |
|
SOURCE Senstar Technologies Corporation
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