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    Senstar Technologies Corporation Reports Third Quarter 2025 Financial Results

    11/25/25 4:10:00 PM ET
    $MAGS
    $SNT
    Telecommunications Equipment
    Capital Goods
    Telecommunications Equipment
    Telecommunications
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    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.

     

    Senstar Logo

     

    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.

    Logo: https://mma.prnewswire.com/media/1713105/Senstar_Technologies_Logo.jpg

    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

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (All numbers except EPS expressed in thousands of US$)























    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

    computing basic net income (loss) per share

    23,331,653



    23,309,987





    23,328,851



    23,309,987











































    Weighted average number of shares used in

    computing diluted net income (loss) per share

    23,545,277



    23,309,987





    23,405,510



    23,309,987















































     

     

     

    SENSTAR TECHNOLOGIES CORPORATION 

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS

    (All numbers except EPS expressed in thousands of US$)



























    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

    RECONCILIATION OF EBITDA TO NET INCOME (LOSS)

    (All numbers expressed in thousands of US$)























    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

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (All numbers expressed in thousands of US$)



















    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

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (All numbers expressed in thousands of US$)



















    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

    September 30, 2025 and at December 31, 2024, respectively

    -



    -

    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

     

     

     

    Cision View original content:https://www.prnewswire.com/news-releases/senstar-technologies-corporation-reports-third-quarter-2025-financial-results-302625991.html

    SOURCE Senstar Technologies Corporation

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