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Senstar Technologies Corporation Reports Second Quarter 2025 Financial Results

1. Senstar's Q2 revenue rose 16.2% to $9.7 million. 2. Gross margin increased to 66.1% driven by cost controls. 3. Net income improved to $1.2 million from $0.5 million. 4. Cash reserves increased to $21.9 million with no debt. 5. Management emphasizes innovation and strategic investments in security solutions.

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$4.6408/26 12:32 AM EDTLatest Updated
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Why Bullish?

The notable revenue and profit growth usually signals positive market sentiment. Historically, similar performance spikes have preceded price rallies.

How important is it?

Strong earnings and strategic direction suggest significant growth potential, influencing investor decisions.

Why Short Term?

Immediate future earnings reports typically capitalize on quarterly performance, likely leading to short-term investment interest.

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SNTADTSWCHLNG
, /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 six months ended June 30, 2025. Management will hold an investors' conference call later today (at 5:00 p.m. Eastern Time) to discuss the results. Second Quarter 2025 Summary: (Second quarter 2025 results for the three months ended June 30, 2025, compared to the comparable three-month period of 2024.) Revenue grew by 16.2% to $9.7 million with gross margin of 66.1% versus revenue of $8.3 million with gross margin of 63.2%. Net income of $1.2 million, a significant growth over prior year. EBITDA increased by 34.6% to $1.1 million for an EBITDA margin of 11.8%, compared to $0.8 million and 10.2%, respectively. Cash and short-term bank deposits as of June 30, 2025, increased to $21.9 million with no debt, compared with a cash and short-term bank deposits balance of $20.6 million as of December 31, 2024. Mr. Fabien Haubert, CEO of Senstar Technologies, stated, "Our second quarter results underscore the strength and resilience of Senstar's business model, driven by the successful execution of our growth strategy. We continue to deliver a powerful combination of revenue growth, margin expansion, and a steadily improving profit trajectory. With a sharp focus on innovation, we are making smart, strategic investments in technology that address the rising global need for intelligent security solutions. By differentiating through integrated hardware and software innovation, Senstar is  positioned to drive long-term value for our stakeholders." Second Quarter 2025 Financial Results Summary Revenue for the second quarter of 2025 was $9.7 million, an increase of 16.2% compared with $8.3 million in the second quarter of 2024. Second quarter gross profit was $6.4 million, or 66.1% gross margin, compared with $5.2 million, or 63.2% gross margin, in the year ago quarter. The increase in gross margin was primarily due to strong cost controls and a well-balanced product mix. Operating expenses were $5.4 million, an increase of 18% compared to the prior year's second quarter operating expenses of $4.6 million. The increase in operating expenses is primarily attributable to nonrecurring administrative costs associated with finalizing the corporate redomiciling to Canada, in addition to  increased headcount of key personnel and targeted selling spend in core growth verticals. Operating income for the second quarter of 2025 was $1.0 million compared to $0.7 million in the year-ago period. The improvement is primarily attributable to increased revenue and gross margin expansion. Financial expense $330,000 compared to financial income of $103,000 in the second quarter last year. EBITDA for the second quarter of 2025 was $1.1 million versus $846,000 in the second quarter of 2024. Net income in the second quarter of 2025 was $1.2 million, or $0.05 per share compared to $0.5 million, or $0.02 per share, in the second quarter of last year. Cash and cash equivalents and short-term bank deposits of $21.9 million, or $0.94 per share as of June 30, 2025, compared with $20.6 million, or $0.88 per share, at December 31, 2024. Earnings Conference Call Information: The Company will host a conference call later today, August 25, 2025. The call will begin promptly at 5:00 p.m. Eastern Time. The Company requests that participants dial in 10 minutes before the conference call commences and use the conference ID number 13754422. Participant Dial-in Numbers: Toll Free: 1-877-407-9716Toll/International: 1-201-493-6779 The conference call will also be available via a live webcast at https://viavid.webcasts.com/starthere.jsp?ei=1725017&tp_key=7954425e56 Replay Dial-in Numbers: Toll Free: 1-844-512-2921Toll/International: 1-412-317-6671Replay Pin Number: 13754422 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 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. For more information:    IR Contact: Senstar Technologies Corporation     Hayden IR                  Alicia Kelly Kim Rogers Chief Financial Officer        Managing Director                  [email protected]    [email protected] +1-541-904-5075 -- Tables follow – SENSTAR TECHNOLOGIES CORPORATION  UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (All numbers except EPS expressed in thousands of US$) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % change 2025 2024 % change Revenue 9,654 8,306 16 18,102 15,817 14 Cost of revenue 3,274 3,059 7 6,049 6,091 (1) Gross profit 6,380 5,247 22 12,053 9,726 24 Operating expenses:    Research and development, net 900 1,060 (15) 1,800 2,042 (12)    Selling and marketing 2,452 2,257 9 4,717 4,352 8    General and administrative 2,055 1,264 63 3,516 2,739 28 Total operating expenses 5,407 4,581 18 10,033 9,133 10 Operating income 973 666 2,020 593 Financial income (expenses), net (330) 103 (61) 157 Income before income taxes 643 769 1,959 750 Taxes on income (tax benefits) (581) 276 (284) 1,003 Net income (loss) 1,224 493 2,243 (253) Basic and diluted net income (loss) per share $0.05 $0.02 $0.10 ($0.01) Weighted average number of shares used in computing basic net income (loss) per share 23,328,191 23,309,987 23,327,426 23,309,987 Weighted average number of shares used in computing diluted  net income (loss) per share 23,335,835 23,309,987 23,334,103 23,309,987 SENSTAR TECHNOLOGIES CORPORATION  UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS (All numbers except EPS expressed in thousands of US$) Three Months Ended June 30, Six Months Ended June 30, 2025 % 2024 % 2025 % 2024 % Gross margin 66.1 63.2 66.6 61.5 Research and development, net as a % of revenues 9.3 12.8 9.9 12.9 Selling and marketing as a % of revenues 25.4 27.2 26.1 27.5 General and administrative as a % of revenues 21.3 15.2 19.4 17.3 Operating margin 10.1 8.0 11.2 3.7 Net margin  12.7 5.9 12.4 - SENSTAR TECHNOLOGIES CORPORATION RECONCILIATION OF EBITDA TO NET INCOME (LOSS) (All numbers expressed in thousands of US$) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 GAAP income (loss) 1,224 493 2,243 (253)    Less:    Financial income (expenses), net (330) 103 (61) 157    Taxes on income (tax benefits) (581) 276 (284) 1,003    Depreciation and amortization (166) (180) (326) (367) EBITDA 1,139 846 2,346 960 SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All numbers expressed in thousands of US$) June 30, December 31, 2025 2024 CURRENT ASSETS: Cash and cash equivalents $21,813 $20,466 Short-term bank deposits 126 111 Restricted cash and deposits 6 5 Trade receivables, net 9,085 10,306 Unbilled accounts receivable 256 228 Other accounts receivable and prepaid expenses 2,078 2,161 Inventories 5,308 4,957 Total current assets 38,672 38,234 Long term ASSETS: Deferred tax assets 1,216 1,158 Operating lease right-of-use assets 421 528 Total long-term assets 1,637 1,686 PROPERTY AND EQUIPMENT, NET 1,584 1,328 INTANGIBLE ASSETS, NET 317 468 GOODWILL 10,889 10,360 Total assets $53,099 $52,076 SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All numbers expressed in thousands of US$) June 30, December 31, 2025 2024 CURRENT LIABILITIES: Trade payables $1,841 $2,689 Deferred revenues and customer advances 2,617 3,044 Other accounts payable and accrued expenses 3,890 6,433 Short-term operating lease liabilities 229 254 Total current liabilities 8,577 12,420 LONG-TERM LIABILITIES: Deferred revenues 1,571 1,171 Deferred tax liabilities 554 443 Long-term operating lease liabilities 213 296 Other long-term liabilities 56 70 Total long-term liabilities 2,394 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 June 30, 2025 and at December 31, 2024, respectively - - Additional paid-in capital 37,693 37,377 Accumulated other comprehensive income (loss) (363) (980) Foreign currency translation adjustments (stand-alone financial statements) 9,718 8,442 Accumulated deficit (4,920) (7,163) TOTAL SHAREHOLDERS' EQUITY 42,128 37,676 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $53,099 $52,076 Logo - https://mma.prnewswire.com/media/1713105/3503459/Senstar_Technologies_Logo.jpg SOURCE Senstar Technologies Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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