Senstar Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue declined 4% year-over-year to $8.1M, mainly due to project delays in the U.S. and APAC, but LiDAR revenue surged to 11% of total sales. EMEA grew 43%, and two major product launches are set for H2 2026.
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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Q3 2025 revenue was $9.5M, down 2% YoY but up 8% year-to-date, with strong U.S. growth and robust gross margins. Net income reached $1M, and cash rose to $21.7M with no debt. Exceptional consulting fees impacted G&A, while investments in AI and innovation continue.
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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 performance in Canada, EMEA, and APAC offset a slight U.S. decline, while new product launches and strategic hires support future growth.
Fiscal Year 2024
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Revenue and profitability rose sharply in 2024, driven by strong growth in the U.S. and EMEA, major contract wins, and improved gross margins. Cash position remains robust with no debt, and management is optimistic about continued demand for security solutions.
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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.