Senstar Technologies Earnings Call Transcripts
Fiscal Year 2025
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Full-year revenue grew 2% to $36.4M with gross margin expansion and net income of $3.2M, despite a Q4 revenue decline due to project delays. The Blickfeld acquisition positions the company for growth in Lidar and new verticals in 2026.
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Revenue from core verticals grew 12% year-over-year, with strong U.S. and EMEA performance. Gross margin remained above 67%, and net income reached $1 million for Q3. One-time consulting fees impacted expenses, while innovation and business development drive future growth.
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Q2 2025 saw 16.2% revenue growth, margin expansion, and strong gains in EMEA and North America, with net income more than doubling year-over-year. One-time costs from redomiciliation impacted expenses, but cash reserves grew and the company remains debt-free.
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First-quarter revenue grew 12.5% year-over-year to $8.4 million, with gross margin expanding to 67.2% and EBITDA margin reaching 14.3%. Strong growth in Canada, APAC, and EMEA offset a slight U.S. decline, while innovation and cost control supported profitability.
Fiscal Year 2024
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Revenue and profitability rose sharply in 2024, with strong growth in the U.S., EMEA, and APAC, and gross margin expansion to 64.1%. Major wins in utilities, data centers, and corrections, plus new AI-powered products, drove results. Cash position remains robust.
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Q3 2024 saw 8% revenue growth and a gross margin jump to 68%, with strong gains in the U.S. and EMEA. Operating income and net income rose sharply, driven by expense controls and robust demand in correctional, utilities, and transport sectors.
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Q2 2024 revenue was $8.3M, nearly flat year-over-year, with gross margin at 63.2% and net income of $493K. APAC saw strong growth, Europe faced project delays, and the new MultiSensor product launched with initial orders received.
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Q1 2024 saw 17% revenue growth, improved margins, and a near break-even operating result, driven by strong performance in key verticals and geographies. The launch of the AI-based MultiSensor is expected to drive future growth, with strong market interest already evident.