SNT

Image source: The Motley Fool. Tuesday, Aug. 25, 2026 at 9:00 a.m. ET Investor Relations - Corbin Woodhull Chief Executive Officer - Fabien Haubert Chief Financial Officer - Alicia Kelly Operator: Welcome to Senstar Technologies Conference Call to discuss its Second Quarter 26 Results. All participants are currently in a listen-only mode. Instructions for the question and answer session will follow the management's prepared remarks. As a reminder, this conference call is being recorded. I would now like to turn the call over to Corbin Woodhull of Hayden IR. Corbin, please begin. Corbin Woodhull: Thank you, Sherry. Welcome everyone joining us today, and thank you to Sensor Technologies management for hosting the call. Joining us today are Mr. Fabien Haubert, CEO of Senstar Technologies, Ms. Alicia Kelly, the CFO of Sensor Technologies. Fabien will summarize key business and financial highlights, followed by Alicia who will review Senstar's second quarter 26 financial results. We will then open the call for questions. Unless otherwise indicated, all financial figures discussed today are in U. S. Dollars all comparisons year over year. Before we begin, please note that this conference call may contain forward looking statements. Including projections regarding future events and Senstar's future performance. These statements are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied by such statements. For a discussion of these and other risks, please refer to the risk factors and other information in Senstar's filings with the U. S. Securities and Exchange Commission. Senstar undertakes no obligation to update any forward looking statements except as required by law. During the call, we will also discuss certain non GAAP financial measures. These measures should be considered in addition to and not as a substitute for the most directly comparable GAAP measures. Reconciliations are included in our earnings release in accordance with Regulation G. You can also refer to Senstar's website at www.senstar.com for the most directly comparable financial measures and related reconciliations. With that, I will turn the call over to CEO, Fabien Haubert. Fabien, please go ahead. Fabien Haubert: Thank you, Corbin, and thank you to everyone joining us today to review Senstar Technologies' second quarter 26 result. Our second quarter results reflect continued execution of our strategy including revenue of 10.4 million up 8% year over year, and a return to profitability. LiDAR, again, performed strongly and continues to be an important contributor to our growth. We believe this momentum reflect the contribution of Senstar's sales infrastructure to Blickfield growth. The combined business is beginning to generate synergies and Blickfield reported positive EBITDA in the second quarter. We believe integration is progressing as planned, and we are working to realize efficiency gain and expand our addressable markets. Let me provide some context on the demand environment, which remains healthy. We saw particularly strong momentum in EMEA and APAC supported by demand from utilities, data centers, and airports. EMEA's performance in the first quarter continued into the second quarter with revenue increasing 14% year over year and 6 26% year to date. Growth was primarily driven by utilities data centers, airports, and energy. LiDAR sales momentum is building. Supported by increasing business development, investment, including the recent hiring of a regional sales director in the Middle East. Our EMEA pipeline continues to strengthen and we expect the region to remain an important contributor to the business. Asia Pacific was the fastest growing region in the second quarter. With revenue increasing 93% year over year. A rebound from the prior quarter. Revenue in the region grew 21% year to date. Growth in the second quarter was driven by utilities, data centers, corrections, and airports, reflecting improved activity in South Asia and Japan. LiDAR sales in the region remain at an early stage. Which we believe provides an opportunity as adoption develops. In The US, second quarter revenue declined 14% year over year, and 17% year to date. The correction vertical continues to experience project delays, related to the federal government shutdown. No major project have been canceled, and we are seeing initial signs of recovery. We expect activity to resume in the second half of the year. Growth in U.S. LiDAR sales and continued strength in utilities substantially offset the softness in U.S. corrections. We also continue to add talent including the appointments of a new Vice President of Sales, USA and Latin America with experience across security, LiDAR, utilities, and data center. Turning to our 4 core vertical markets. Performance was mixed in the quarter, declining approximately 18% year over year, primarily because of the slower activity in the corrections market during the first half of the year. Utilities was a highlight with sales increasing 17% year over year. Driven by data centers, telecommunication, and solar farms. Growth with broad based across regions. Transport also grew in the quarter, and we remain focused on adding new logos and expanding relationship. With existing customers through cross selling. More broadly, the performance of 4 verticals continues to be affected by weakness in The U.S. corrections market. However, underlying demand remains active We have not experienced customer project losses, and we recorded several wins in APAC during the quarter. LiDAR remains a key proof point of our strategy. On a combined basis, LiDAR solutions grew nearly 100% year over year, and now represents 20% of our global sales. Compared with 11% in the first quarter. Sensor sales force generating a meaningful portion of that growth. We believe the results support the strategic rationale of the Blickfield acquisition, which combined Blickfield technology and know how with Senstar partner network and Salesforce. This combination enhances our position in targeted vertical markets. We are seeing a growing pipeline in security and volume monitoring application with opportunities across North America, Latin America, EMEA, and APAC. Blickfield is also complementary to our existing portfolio. With limited overlap across sales channels. Its LiDAR solution primarily competes with thermal camera solution and perimeter outdoor application. Growth reported by our closest peers in LIDAR across security volume monitoring, and traffic monitoring reinforces our confidence the long term market opportunity. Product innovation remains important to Senstar. And we continue to advance product and solution we add in response to customer needs. Specifically in the final development stage of 2 planned launches, Embedded FiberPatrol, our next generation fiber optic sensing technology designed for perimeter intrusion detection systems and critical infrastructure protection. is expected to be fully released at the end of the third quarter. The Embedded FiberPatrol is intended to broaden the FiberPatrol markets to include short distance application, traditionally using alternative technologies. Its embedded AI engine is designed to improve situational awareness when evaluation intrusion attempts and reduce nuisance alarm rate. Symphony workflow engine. The customizable tool is integrated into the Senstar Symphony common operating to automate tasks for security and logistics operators. We expect the workflow engine to support software sales and recurring revenue over time. We currently expect both innovations to be released in the second half 26, and we intend to showcase the security solution at the upcoming global security exchange in Atlanta. Overall, our confidence is supported by customer engagement order activity, geographic diversification, and expanding LiDAR opportunity. We believe the benefits of the Blickfield acquisition are beginning to emerge alongside continued growth in utilities, growth in EMEA and APAC, and an expected recovery of The U.S. corrections market. Our diversified pipeline is converting to revenue and improving revenue conversion remains a key priority. With our team, products, solutions, and experience in place, we believe we are positioned to execute on our goals for the year and pursue sustainable profitable growth. Before turning the call over to Alicia, I would like to thank our employees for their continued dedication. Our customers for their trust, and our shareholders for their support. I will now turn the call over to Alicia for more detailed review of the financial results. Alicia Kelly: Thank you, Fabien. Revenue in the second quarter of 26 was $10.4 million. Compared to 9.7 million in the year ago quarter. And was in line with our financial plan. This 8% year increase over year reflected strength in APAC, and EMEA. LiDAR sales nearly doubled, partially offsetting continued weakness in The US corrections vertical related to project delays following the federal government shutdown in late 25. APAC was the strongest performing geographic market in the quarter. With revenue increasing 93% year over year. Growth was driven by steady demand in utilities, data centers, corrections, and airports. Japan and South Asia reported accelerated growth during the quarter while LiDAR is showing encouraging early indicators. EMEA's strength in the first quarter continued into the second quarter, with revenue increasing 14% year over year. Performance related broad based gains across the region with particular strength in utilities, airport, data centers, and energy. LiDAR applications continue to generate inbound customer interest. And our business development efforts remain focused on capturing the long term growth opportunities in the region. Revenue from North America declined 12% in the quarter, driven by a 14% decline in The US. As Fabien noted, U.S. performance reflected challenging market condition including continued pressure on the corrections vertical and project delays related to the federal government shutdown. We have not lost any customer projects. And we expect activity to resume in the second half of the year as early signs of recovery have emerged. Canada returned to growth after a challenging first quarter. With revenue increasing 19%. Canada remains an important market, and we will continue to focus on serving customers in the region. The geographical breakdown of the second quarter revenue compared to the prior quarter was as follows. North America, 43% versus 53%. EMEA, 37% versus 35%. APAC, 19% versus 11%. And all other regions immaterial in both periods. Second quarter gross margin was 64.2% compared with 66.1% in the year-ago quarter. The change primarily reflected product mix. The second quarter margin was in line with our plan. Sequentially, our gross margin increased from 60% in the first quarter of 26 driven by healthier product mix in the second quarter. Operating expenses were $6.4 million up 18% from $5.4 million in the year ago quarter. And represented 60.9% of revenue. Compared to 56% in the year-ago period. The increased primarily reflected $1.2 million of cost associated with the Blickfield acquisition partially offset by lower corporate costs, including due diligence costs for Blickfield incurred in the second quarter of 25. Operating income for the second quarter of 26 was $343 thousand compared to $1 million in the second quarter of 25 Operating income and revenue were in line with internal forecast for the quarter. With operating income primarily affected by Blickfield integration expenses. EBITDA for the second quarter was $551 thousand compared to $1.1 million in the second quarter of 25. The decline from the prior year quarter primarily reflected slightly lower gross margin and higher costs associated with the Blickfield acquisition. Compared with the first quarter of 26. EBITDA improved from a loss of $403 thousand Financial income was $61 thousand in the second quarter of 26. Compared with financial loss of $330 thousand in the second quarter of 25. The primary difference reflects a noncash accounting effect from adjustments to the valuation of monetary assets and liabilities denominated in currencies other than the functional currency of the group's operating entities in accordance with GAAP. Net income attributable to Senstar's shareholders was $351 thousand or $02 per share, in the second quarter of 26 compared with net income of $1.2 million or $0.05 per share in the second quarter of 25. Net income also reflects company platform expenses and amortization of intangible assets from historical acquisitions. Corporate expenses in the second quarter were approximately $588 thousand compared to $865 thousand in the year-ago period. Turning next to the balance sheet. Cash and cash equivalents and short term bank deposits excluding $100 thousand of restricted cash related to deal closing balances. Were $8 million as of June 30, 2026, or $0.34 per share. This compares to $22.5 million or $0.96 per share as of December 31, 2025. The company had no debt as of 06/30/2026. The decrease in cash during the period ended 06/30/2026 primarily reflected the €10.4 million cash funded acquisition of Blickfield, which closed in February 2026. That concludes my remarks. Operator, we would like to open the call now for questions. Operator: Thank you. You may press '2' if you would like to remove your question from the queue. Before pressing the star keys. Please limit to just 1. Our first question is from Fred Eisenman with Private Investor. Please proceed. Fred Erman: Hi, Fabien and Alicia. The increase in revenue, how much was that attributed to your Blickfield acquisition? Fabien Haubert: So thanks very much, Fred, for this question. it is hard to answer in this sense. First of all, we are only closing. We are running our company as a single company. And on top of it, the sales were driven both by the existing Blickfield team, but as well at the sensor sales team, which have been selling Blickfield first on the OEM before. So indeed, LiDAR has been a high contribution in the growth, absolutely, but generated by both simultaneously. We cannot disclose basically which 1 generated which. I hope I have answered your question, Fred. Thank you. Operator: Our next question is from Ken Liddy with Oppenheimer and Company. Please proceed. Ken Liddy: Hi. In the quarter, your research and development costs were up higher Than I Can Remember. Is that due to Blickfield? that is all. Fabien Haubert: So I understand you want to understand the rise of R&D in the second quarter. Do I get your question right? Ken Liddy: Yes. Is it attributed to the synergies of developing new products with the Blickfield acquisition or is it something else? Alicia Kelly: Yeah. So we did integrate the Blickfield team into the group. And Blickfield makes up about 300 thousand of the of the total R&D expense. And that would be most of the change that occurred period over period. Ken Liddy: And is there a dollar amount that you can expect quarter to quarter or annually that you are targeting? Research and development, or a percentage of sales? Number? Alicia Kelly: I think the number that we have incurred for Q2 is fairly normal for the group now. So, like $1.3 million or so? Yep. The thing that changed with that is if we continue to look for opportunities around IRAP, which is the research and development program from Canada where we would get a grant or if there was a grant that was eligible from Germany. We would also be looking for those opportunities that could potentially reduce the future cost. Ken Liddy: Great. And I have another question. Regarding The U. S. Sales, I understand they have got pushed off from late last year. Are you expecting US sales to normalize the second half of the year? Or in this quarter, the next quarter? Fabien Haubert: it is our expectation that the business and the corrections indeed will resume in the second half. it is our expectation. As mentioned, we are seeing first signs of this recovery. But it remains our expectation. On top of it, we are just having onboarded a new vice president of sales with a very strong experience and utilities and data centers. To help us on top of strengthening the position in our historical verticals among with the correction to further accelerate our development in data centers and utilities, end user markets. So we are taking the problem of the issue of the challenge very seriously. Indeed, we expect a recovery and then growth, of course, over time in the other verticals. Ken Liddy: Great. And do you expect to see any more opportunities with LiDAR? You talked extensively last call. Is there anything that is materializing since the last call? Fabien Haubert: 100%. Oh, so we are we are online so far. So there are 3 elements I would like to add to this question, and thank you for raising it, Ken. The first thing is that our LiDAR sales, if you take in combines, quarter-over-quarter, and over the first half, is around 100%. So we absolutely feel the growth of the LiDAR segments, basically of the LiDAR product. In our in our target. And we are working hard to cross sell our existing markets, number 1, in security. And as mentioned, we are not willing to give detailed figures, but to this extent, Sensor has highly contributed to the growth of LiDAR. On top of it, the historical verticals of Blickfield are increasing tremendously in volume monitoring and traffic. And finally, we believe that there is no we do not see any overlap with our existing solution. But we perceive LiDAR 3D as the main competitor of thermal camera which is a product we did not have in our portfolio. Per se historically. And which is extending the TAM tremendously and is not competing to our current solution range. So on the 3 elements, we expect LiDAR sales to indeed keep growing. And I would like to mention that we are monitoring closely our peers, and we see that they are sustaining very high growth rate, 2 digits. Ken Liddy: And in relationship to that, could you speak about the new products that innovations that you have coming out in September, I think you said, and how that relates to your verticals? Fabien Haubert: Yeah. 100%. We are releasing a new fiber detection systems and embedded platform with an AI algorithm, which provides better detection, sharper detection, which we will focus on lower distances where there is today a mix of different technologies and we would like to basically gain leverage on the fiber by providing this fiber solution that can cover from very short distances to very long ranges. Expanding again our addressable market. Number 2, we are providing we are going to release the Senstar Flow, which is next generation of software algorithm on top of first the Senstar Symphony platform and the purpose is to basically boost the sales of software application next to our traditional bids, develop the recurring revenue. Which is 1 of our main challenges for the future. And we will happily demonstrate both solution during the GSX in Atlanta in September. Great. that is good to hear. Okay. that is all I have for now. I appreciate your answers. Thanks. Ken Liddy: Thank you, Ken. Fabien Haubert: Thank you for your trust. Operator: There are no further questions at this time. Mr. Haubert, would you like to make your concluding statement? Fabien Haubert: On behalf of Senstar management, I would like to thank our investors for their interest and long term support of our business. Have a good day. Operator: Thank you. This will conclude today's conference. 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See the 10 stocks » *Stock Advisor returns as of August 25, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Senstar (SNT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

OTTAWA, ON, Aug. 25, 2026 /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, 2026. Management will hold an investors' conference call later today (at 9 a.m. Eastern Time) to discuss the results. Second Quarter 2026 Business Summary: (Second quarter 2026 results for the three months ended June 30, 2026, compared to the comparable three-month period of 2025, except as otherwise noted.) Revenue increases 8% year-over-year to $10.4 million with gross margin of 64.2% versus revenue of $9.7 million with gross margin of 66.1% Net income of $0.4 million compared to net income of $1.2 million in the second quarter of last year, driven by diligent investments in innovative security solutions. Cash and short-term bank deposits balance of $8.0 million, excluding restricted cash of $0.1 million, and the Company had no debt as of June 30, 2026, compared with $22.5 million cash balance as of December 31, 2025 Mr. Fabien Haubert, Chief Executive Officer of Senstar Technologies, stated, "Our second quarter results reflect the continued execution of our strategy and a successful return to growth and profitability, with revenue increasing by 8% over the year-ago quarter. LiDAR once again delivered a standout performance, delivering strong growth and further solidifying its role as a material driver of our overall growth trajectory. This momentum provides clear validation that Senstar's sales infrastructure is accelerating Blickfeld's growth. The combined business is generating meaningful synergies, with Blickfeld delivering a profitable EBITDA in Q2, an important milestone that demonstrates the strategic rationale behind the combination. The integration is progressing on schedule, already unlocking efficiency gains and broadening our addressable markets." Mr. Haubert continued, "The underlying demand environment for our solutions remains robust, with particularly strong momentum in the EMEA and APAC regions supported by notable strength from utilities, data centers, and airports. While our U.S. corrections vertical continues to face temporary impacts from government shutdown related project delays, our pipeline remains healthy and we expect a solid resumption of activity throughout second half of this year. We continue to prioritize improved revenue conversion and are generating meaningful progress in advancing previously delayed projects into scalable deployments. We remain confident in our strategy and ability to deliver sustainable, profitable growth as we execute on our strategic initiatives through the balance of 2026." Second Quarter 2026 Financial Results Summary Revenue for the second quarter of 2026 was $10.4 million, an increase of 8% compared with $9.7 million in the second quarter of 2025. Second quarter gross profit was $6.7 million, or 64.2% gross margin, compared with $6.4 million, or 66.1% of revenue, in the year-ago quarter. The variation in gross margin was primarily due to changes in product and customer mix and the inclusion of Blickfeld in the consolidated results. Operating expenses were $6.4 million, an increase of 18% compared to the prior year's second quarter operating expenses of $5.4 million. The increase in operating expenses is primarily attributable to targeted investments in innovative security solutions, and costs associated with the Blickfeld acquisition, both of which are aimed at generating sustainable long-term growth. Second quarter of 2026 operating income of $0.3 million compares to operating income of $1.0 million in the year-ago period. The decline is primarily attributable to the inclusion of Blickfeld on a consolidated basis. Financial income was $61,000 for the second quarter of 2026, an improvement compared to financial loss of ($330,000) in the second quarter last year. Net income in the second quarter of 2026 was $0.4 million, or $0.02 per share compared to net income of $1.2 million, or $0.05 per share in the second quarter of last year. EBITDA for the second quarter of 2026 was $0.6 million versus $1.1 million in the second quarter of 2025. Cash and cash equivalents and short-term bank deposits of $8.0 million, or $0.34 per share as of June 30, 2026, excluding restricted cash of $0.1 million, compared with $22.5 million, or $0.96 per share, at December 31, 2025. Earnings Conference Call Information: The Company will host a conference call later today, August 25, 2026. The call will begin promptly at 9:00 a.m. Eastern Time. The Company requests that participants dial in 10 minutes before the conference call commences and use the conference ID number 13761365. 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=1768265&tp_key=69ce239a68 Replay Dial-in Numbers:Toll Free: 1-844-512-2921Toll/International: 1-412-317-6671Replay Pin Number: 13761365 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 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 IRAlicia Kelly, Corbin Woodhull,Chief Financial Officer Managing [email protected] [email protected] +1-602-476-1821 -- Tables follow – View original content to download multimedia:https://www.prnewswire.com/news-releases/senstar-technologies-corporation-reports-second-quarter-2026-financial-results-302859230.html

This article first appeared on GuruFocus. Revenue: $10.4 million, up 8% year-over-year. Gross Margin: 64.2%, compared to 66.1% in the year-ago quarter. Operating Expenses: $6.4 million, up 18% from $5.4 million in the year-ago quarter. Operating Income: $343,000, compared to $1 million in the second quarter of 2025. EBITDA: $551,000, compared to $1.1 million in the second quarter of 2025. Net Income: $351,000, or $0.02 per share, compared to $1.2 million, or $0.05 per share, in the year-ago quarter. Cash and Cash Equivalents: $8 million as of June 30, 2026, compared to $22.5 million as of December 31, 2025. Regional Revenue: North America declined 12%, EMEA increased 14%, APAC increased 93%, and Canada increased 19%. LiDAR Sales: Nearly doubled year-over-year, representing 20% of global sales. Warning! GuruFocus has detected 4 Warning Sign with STU:L74. Is SNT fairly valued? Test your thesis with our free DCF calculator. Release Date: August 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue increased 8% year-over-year to $10.4 million, with a return to profitability. LiDAR solutions grew nearly 100% year-over-year, now representing 20% of global sales, up from 11% in Q1. EMEA revenue grew 14% year-over-year and 26% year-to-date, driven by utilities, data centers, airports, and energy. APAC was the fastest-growing region, with revenue up 93% year-over-year, led by utilities, data centers, corrections, and airports. Blickfeld reported positive EBITDA in Q2, indicating early synergies from the acquisition are materializing. US revenue declined 14% year-over-year and 17% year-to-date, impacted by project delays in the corrections vertical due to the federal government shutdown. Gross margin decreased to 64.2% from 66.1% in the prior-year quarter, reflecting product mix. Operating expenses rose 18% year-over-year, driven by $1.2 million in Blickfeld acquisition-related costs. Operating income fell to $343,000 from $1 million in Q2 2025, impacted by integration expenses and lower margins. Cash and cash equivalents dropped significantly to $8 million from $22.5 million at year-end 2025, primarily due to the cash-funded Blickfeld acquisition. Q: How much of the revenue increase was attributed to the Blickfeld acquisition? A: Fabien Haubert, CEO, explained that it is difficult to quantify precisely because the company now operates as a single entity. Sales growth was driven by both the existing Blickfeld team and the Senstar sales force, which had been selling Blickfeld products on an OEM basis before the acquisition. LiDAR was a high contributor to growth, but the specific revenue split between the two teams cannot be disclosed. Q: Are you expecting US sales to normalize in the second half of the year? A: Fabien Haubert, CEO, confirmed that the company expects the US corrections business to resume in the second half of the year, citing early signs of recovery. He also noted the recent onboarding of a new Vice President of Sales for the USA and Latin America, who brings strong experience in utilities and data centers, to help accelerate development in these verticals and address the challenges in the corrections market. Q: Are there any new LiDAR opportunities materializing since the last call? A: Fabien Haubert, CEO, highlighted that combined LiDAR sales grew nearly 100% quarter-over-quarter and in the first half of the year. He emphasized three key points: Senstar has highly contributed to LiDAR growth through cross-selling in its existing security markets; Blickfeld's historical verticals in volume monitoring and traffic are increasing tremendously; and LiDAR 3D is seen as the main competitor to thermal cameras, a product not previously in Senstar's portfolio, thus expanding its addressable market without overlapping existing solutions. Q: Can you speak about the new product innovations coming in September and how they relate to your verticals? A: Fabien Haubert, CEO, detailed two planned launches. First, a new embedded fiber detection system with an AI algorithm for sharper detection, targeting shorter distances where multiple technologies are currently used, thereby expanding the addressable market for fiber solutions. Second, the Senstar Flow workflow engine, a next-generation software tool integrated into the Senstar Symphony platform, designed to boost software sales and develop recurring revenue. Both solutions will be showcased at the GSX in Atlanta in September. Q: The increase in revenue, how much was that attributed to your Blickfeld acquisition? A: Fabien Haubert, CEO, reiterated that it's hard to answer because the company is running as a single entity post-closing. Sales were driven by both the existing Blickfeld team and the Senstar sales team, which had been selling Blickfeld products on an OEM basis. LiDAR was a high contributor to growth, but the specific attribution between the two teams cannot be disclosed. Q: In the quarter, your research and development costs were up higher than I can remember. Is that due to Blickfeld? A: Alicia Kelly, CFO, confirmed that the increase in R&D expenses is primarily due to the integration of the Blickfeld team into the group. Blickfeld makes up about $300,000 of the total R&D expense, which accounts for most of the period-over-period change. Q: Is there a dollar amount or percentage of sales that you're targeting for research and development? A: Alicia Kelly, CFO, stated that the Q2 R&D number is fairly normal for the group now. She also mentioned that the company is looking for opportunities around IRAP (Industrial Research Assistance Program) in Canada and potential grants from Germany, which could potentially reduce future costs. Q: Do you expect to see any more opportunities with LiDAR? A: Fabien Haubert, CEO, confirmed that LiDAR sales are expected to keep growing. He noted that combined LiDAR sales grew around 100% in the first half, Senstar has highly contributed to this growth through cross-selling, Blickfeld's historical verticals are increasing, and LiDAR 3D is seen as the main competitor to thermal cameras, which expands Senstar's addressable market without overlapping its existing solutions. He also mentioned that peers in the LiDAR space are sustaining high double-digit growth rates. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Revenue growth of 8% year-over-year was primarily driven by strong momentum in EMEA and APAC, particularly within the utilities, data centers, and airport sectors. The Blickfield acquisition is already yielding synergies, with the combined LiDAR business growing nearly 100% year-over-year and representing 20% of global sales. Management attributes the return to profitability to the successful integration of Blickfield, which reported positive EBITDA in its first full quarter under Senstar. U.S. performance was hindered by a 14% revenue decline due to project delays in the corrections vertical following a late 2025 federal government shutdown. Strategic positioning of LiDAR as a competitor to thermal camera solutions is expanding the total addressable market without cannibalizing existing product lines. Operational focus remains on improving revenue conversion and leveraging the Senstar partner network to accelerate Blickfield's technology adoption. Management expects a recovery in the U.S. corrections market during the second half of 2026, noting that no major projects have been canceled. Two major product launches are scheduled for late Q3 2026: Embedded FiberPatrol for short-distance applications and the Symphony workflow engine to drive recurring software revenue. The company anticipates sustained growth in EMEA and APAC, supported by a strengthening pipeline and new regional sales leadership in the Middle East and U.S. R&D expenses are expected to stabilize at approximately $1.3 million per quarter following the full integration of the Blickfield team. Future profitability goals rely on cross-selling LiDAR into existing security markets and expanding into volume and traffic monitoring. Operating expenses included $1.2 million in costs specifically associated with the Blickfield acquisition and integration. Gross margin fluctuated to 64.2% from 66.1% year-over-year, which management attributed to a shift in product mix rather than structural pricing issues. Cash reserves decreased to $8 million from $22.5 million primarily due to the 10.4 million Euro cash-funded acquisition of Blickfield in February 2026. Financial income was impacted by non-cash accounting adjustments related to the valuation of monetary assets denominated in foreign currencies. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management declined to provide a specific breakdown, stating the company is now operated as a single entity with integrated sales teams. Confirmed that both the original Blickfield team and Senstar's existing sales force contributed significantly to the 100% LiDAR growth. The $1.3 million quarterly R&D spend is considered the 'new normal' for the group following the integration of Blickfield's team. Management is actively seeking government grants in Canada and Germany to potentially offset these costs in future periods. Management expressed confidence in a second-half recovery based on 'initial signs' of activity resuming. A new VP of Sales for the USA has been hired to diversify revenue streams into utilities and data centers to mitigate future vertical-specific volatility.

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. In contrast to all that, many investors prefer to focus on companies like Santam (JSE:SNT), which has not only revenues, but also profits. While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That means EPS growth is considered a real positive by most successful long-term investors. It certainly is nice to see that Santam has managed to grow EPS by 27% per year over three years. If growth like this continues on into the future, then shareholders will have plenty to smile about. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. It's noted that Santam's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. The good news is that Santam is growing revenues, and EBIT margins improved by 4.0 percentage points to 18%, over the last year. That's great to see, on both counts. The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers. View our latest analysis for Santam While we live in the present moment, there's little doubt that the future matters most in the investment decision process. So why not check this interactive chart depicting future EPS estimates, for Santam? As a general rule, it's worth considering how much the CEO is paid, since unreasonably high rates could be considered against the interests of shareholders. Our analysis has discovered that the median total compensation for the CEOs of companies like Santam with market caps between R33b and R106b is about R28m. The Santam CEO received R25m in compensation for the year ending December 2025. That seems pretty reasonable, especially given it's below the median for similar sized companies. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense. You can't deny that Santam has grown its earnings per share at a very impressive rate. That's attractive. The fast growth bodes well while the very reasonable CEO pay assists builds some confidence in the board. We think that based on its merits alone, this stock is worth watching into the future. It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Santam , and understanding them should be part of your investment process. Although Santam certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of South African companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

OTTAWA, ON, May 26, 2026 /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 months ended March 31, 2026. Management will hold an investors' conference call later today (at 9 a.m. Eastern Time) to discuss the results. First Quarter 2026 Business Summary: (First quarter 2026 results for the three months ended March 31, 2026, compared to the comparable three-month period of 2025, except as mentioned.) Revenue of $8.1 million with gross margin of 60.0% versus revenue of $8.4 million with gross margin of 67.2% Net loss of $(0.8) million compared to net income of $1.0 million in the first quarter of last year Cash, cash equivalents and short-term bank deposits of totaled $10.6 million, excluding restricted cash of $0.9 million, and the company had no debt as of March 31, 2026, compared with $22.5 million cash balance as of December 31, 2025 Senstar completed the acquisition of Blickfeld on the February 13, 2026, which affected first- quarter operating results Mr. Fabien Haubert, Chief Executive Officer of Senstar Technologies, stated, "Our first quarter results were impacted by continued project timing delays and elongated customer procurement cycles, particularly in portions of the U.S. government verticals, including disruption associated with the temporary U.S. federal government shutdown. While these conditions impacted near-term revenue conversion and profitability, we do not believe they reflect a deterioration in the underlying demand environment for our solutions. We continue to see healthy customer engagement across several of our key vertical markets, including energy, critical infrastructure, data centers, and LiDAR-related applications. Importantly, many projects impacted by delayed timing remain active in our pipeline, and we continue to work closely with customers to convert delayed opportunities into scheduled deployments and revenue." Despite broader project timing delays that affected near-term revenue conversion, LiDAR-related activity continued to show strong momentum across the business. Consolidated LiDAR sales increased approximately fourfold from the first quarter of 2025 to the first quarter of 2026 and represented a substantially larger percentage group revenue, expanding Senstar's opportunity set in intelligent sensing applications. The Senstar and Blickfeld teams continue to strengthen collaboration and jointly promote LiDAR solutions across multiple regions, further streamlining go-to-market strategies and supporting long-term growth opportunities in intelligent sensing applications. Mr. Haubert continued, "Our focus remains on executing against our pipeline, improving visibility, and converting opportunities into revenue as market conditions normalize. Supported by a strong balance sheet, we believe Senstar remains well positioned to capitalize on growing demand for intelligent security and sensing solutions." First Quarter 2026 Financial Results Summary Revenue for the first quarter of 2026 was $8.1 million, a decline of 4% compared with $8.4 million in the first quarter of 2025. First quarter gross profit was $4.9 million, or 60.0% gross margin, compared with $5.7 million, or 67.2% of revenue, in the year ago quarter. The variation in gross margin was primarily due to changes in product mix and lower seasonal volume. Operating expenses were $5.5 million, an 18% increase compared to $4.6 million in the prior-year first quarter. The increase was primarily attributable to the acquisition of Blickfeld on February 13, 2026, as well as the timing of a major trade show and event-related expenditures, which occurred earlier in the year compared to the prior-year period. In addition, the acquisition contributed incremental operating expenses ahead of a full-quarter revenue contribution, resulting in a temporary imbalance between revenue and expenses during the quarter. First quarter of 2026 operating loss of $(0.6) million compares to operating income of $1.0 million in the year-ago period. The decline is primarily attributable to lower revenue and the inclusion of Blickfeld on a consolidated basis. Financial loss was $(49,000) compared to financial income of $269,000 in the first quarter last year. Net loss in the first quarter of 2026 was $(0.8) million, or $(0.04) per share compared to net income of $1.0 million, or $0.04 per share in the first quarter of last year. EBITDA for the first quarter of 2026 was $(403,000) versus $1.2 million in the first quarter of 2025. Cash and cash equivalents and short term bank deposits of $10.6 million or $0.45 per share as of March 31, 2026, excluding restricted cash of $0.9 million, compared with $22.5 million, or $0.96 per share, at December 31, 2025. Earnings Conference Call Information: The Company will host a conference call later today, May 26, 2026. The call will begin promptly at 9:00 a.m. Eastern Time. The Company requests that participants dial in 10 minutes before the conference call commences and use the conference ID number 13760900. 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=1765342&tp_key=dcdad435ba Replay Dial-in Numbers:Toll Free: 1-844-512-2921Toll/International: 1-412-317-6671Replay Pin Number: 13760900 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 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:Senstar Technologies CorporationAlicia Kelly,Chief Financial [email protected] IR Contact:Hayden IRCorbin Woodhull,Managing [email protected]+1-602-476-1821 -- Tables follow – Logo: https://mma.prnewswire.com/media/2747363/5463351/Senstar_Logo.jpg View original content:https://www.prnewswire.com/news-releases/senstar-technologies-corporation-reports-first-quarter-2026-financial-results-302781358.html

Interested in Senstar Technologies Ltd.? Here are five stocks we like better. Senstar posted a Q1 loss as revenue fell to $8.1 million from $8.4 million a year earlier, with management blaming project timing delays, a U.S. government shutdown impact, and a tough comparison to a prior-year APAC energy project. Profitability weakened sharply: gross margin dropped to 60% from 67.2%, operating loss widened to $603,000, and net loss was $800,000, partly due to lower revenue and added expenses from the Blickfeld acquisition. Lidar is becoming a bigger strategic focus, with lidar revenue reaching 11% of sales and management reporting strong order intake and about fourfold growth in combined lidar sales, while new products from ISC West are expected to launch in the second half of 2026. Complete Solaria, Senti, and POET: 3 High Volume Penny Stocks Senstar Technologies (NASDAQ:SNT) reported a first-quarter loss as revenue declined modestly from a year earlier, with management pointing to project timing delays, elongated procurement cycles and delayed U.S. government-related activity as key factors weighing on results. Chief Executive Officer Fabien Haubert said the quarter was “transitional” and affected by several timing-related issues, particularly in the U.S. corrections market and by the absence of a large, non-recurring energy project in the Asia-Pacific region that benefited the prior-year period. He said the company did not record any major project losses in U.S. corrections and expects most delayed projects to convert over the remainder of 2026. → Voya Financial Grows Earnings Across All 3 Business Segments “Despite this near-term pressure, we continue to see healthy customer engagement and pipeline activity across several of our strategic growth areas,” Haubert said. Chief Financial Officer Alicia Kelly said first-quarter revenue was $8.1 million, compared with $8.4 million in the year-ago quarter. The decline was attributed to non-recurring project timing in APAC and the impact of the U.S. federal government shutdown, partly offset by stronger lidar revenue. → SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns By geography, EMEA was the company’s strongest region, with revenue rising 43% year over year. Kelly said growth in the region was driven by demand in utilities, telecom, energy, corrections, solar farms and military markets. EMEA accounted for 45% of first-quarter revenue, up from 30% a year earlier. North America revenue declined 20%, including a 21% decline in the U.S. Kelly said the U.S. performance reflected challenging market dynamics, including a 35% decline in the corrections vertical tied to the federal government shutdown and related project delays. Canada revenue fell 14% in the quarter. North America represented 41% of total revenue, down from 49% a year earlier. → 3 Rare Earth Stocks That Win No Matter What China Does Next APAC revenue declined 30%, largely due to a difficult comparison with a large energy project in the first quarter of 2025 that did not repeat. The region accounted for 13% of revenue, compared with 17% in the prior-year quarter. Gross margin fell to 60% from 67.2% in the year-ago quarter. Kelly said the change was primarily due to less favorable product mix, lower revenue and overhead expense savings. Operating expenses rose 18% to $5.5 million from $4.6 million a year earlier, representing 67.5% of revenue compared with 54.8% in the prior-year period. Kelly said the acquisition of Blickfeld added approximately $600,000 of operating expenses during the ownership period. The largest increases were in general and administrative expenses and marketing, reflecting Blickfeld’s commercial structure, targeted sales and marketing investments, foreign exchange impacts and an extraordinary bad debt provision of about $100,000. Senstar reported an operating loss of $603,000, compared with operating income of $1 million in the first quarter of last year. EBITDA was a loss of $403,000, compared with positive EBITDA of $1.2 million a year earlier. Net loss attributable to Senstar shareholders was $800,000, or $0.04 per share, compared with net income of $1 million, or $0.04 per share, in the prior-year quarter. As of March 31, 2026, Senstar had cash, cash equivalents and short-term bank deposits of $10.6 million, or $0.45 per share, excluding restricted cash of $900,000 related to Blickfeld’s closing balances. The company had no debt at quarter-end. Haubert highlighted lidar as an increasingly important part of Senstar’s strategy following the Blickfeld acquisition. He said consolidated lidar revenue reached 11% of total revenue in the quarter, with strong order intake and most recent bookings scheduled for delivery in the second quarter and beyond. Haubert said combined lidar sales across Blickfeld and Senstar grew by about four times in the first quarter, which he said validated the strategic rationale for the acquisition and demonstrated early commercial traction. He noted that the figures were provided for context and may not be disclosed quarterly in the future. “Lidar is becoming a technological cornerstone of Senstar Technologies and plays an increasingly important role in our long-term strategic plan,” Haubert said. Management said lidar applications are gaining traction both within and beyond traditional security markets. In the question-and-answer session, Haubert said non-security lidar opportunities include volume monitoring for bulk materials such as salt, sand, fertilizer and petrochemicals, as well as traffic monitoring applications for smart city infrastructure. He said traffic applications can classify vehicles, bikes and trucks, measure speed and direction, and provide information for managing intersections and roads. Haubert also said the company is seeing lidar interest across existing security verticals, including corrections, airports and data centers, and that Senstar is working with both existing customers and distributors to broaden market reach. Senstar also discussed two product innovations introduced at ISC West in Las Vegas. Haubert said the company’s next-generation embedded fiber platform includes a compact, ruggedized, AI-enhanced architecture designed to improve detection performance, deployment and operational robustness, along with a redesigned graphical user interface. The company also introduced the Senstar Sensor Fusion Engine, described as an enhancement to its Symphony software management platform. Haubert said the system brings workflow engine functionality and a new graphical interface intended to support scenario understanding across sensors. Both products are on track for market release in the second half of 2026, according to Haubert, who said they are expected to support Senstar’s competitive positioning and expansion within existing accounts. Management said project timing remains a near-term issue but emphasized customer engagement, order activity and pipeline diversification across geographies and end markets. Haubert said the overall pipeline is “kind of comparable” with the level at the end of December, while the lidar pipeline is increasing “tremendously” quarter to quarter. Haubert said Senstar remains focused on improving revenue conversion over the coming quarters while continuing to pursue opportunities in EMEA, U.S. corrections, utilities, data centers, energy and lidar-related markets. Senstar Technologies is a global provider of physical security solutions, specializing in perimeter intrusion detection and video security management. The company develops and markets a comprehensive suite of sensors and systems designed to protect critical infrastructure, commercial facilities and government sites from unauthorized access and potential security threats. Its core technology offerings include fiber optic sensing, fence-mounted detectors, microwave barriers and advanced video analytics, which can be deployed independently or fully integrated into existing security frameworks. Among its flagship products are fiber optic perimeter intrusion detection systems that use optical sensing to detect disturbances along fences or perimeter lines, as well as active infrared and microwave sensors that create virtual detection zones. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Senstar Technologies Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

This article first appeared on GuruFocus. Revenue: $8.1 million, a 4% decline from the first quarter of 2025. Gross Margin: 60%, down from 67.2% in the year-ago quarter. Operating Expenses: $5.5 million, an 18% increase from $4.6 million in the prior year. Operating Loss: $603,000 compared to operating income of $1 million in the previous year. EBITDA: Loss of $403,000 compared to positive EBITDA of $1.2 million last year. Net Income: Loss of $800,000 or $0.04 per share, compared to net income of $1 million or $0.04 per share last year. Cash and Cash Equivalents: $10.6 million as of March 31, 2026, down from $22.5 million as of December 31, 2025. LiDAR Revenue: 11% of total revenue, with significant growth in order intake. EMEA Revenue Growth: 43% year-over-year increase. North America Revenue Decline: 20% decrease, with a 21% decline in the U.S. APAC Revenue Decline: 30% decrease due to challenging year-over-year comparisons. Warning! GuruFocus has detected 1 Warning Sign with CSW. Is SNT fairly valued? Test your thesis with our free DCF calculator. Release Date: May 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Senstar Technologies Corp (NASDAQ:SNT) reported strong growth in the EMEA region, with revenue increasing by 43% year-over-year, driven by demand in utilities, telecom, energy, and military sectors. LiDAR technology is becoming a significant growth driver, with consolidated LiDAR revenue reaching 11% of total revenue in the first quarter. The company is launching two new innovative products in the second half of 2026, expected to reinforce competitive positioning and support expansion within existing accounts. Senstar Technologies Corp (NASDAQ:SNT) is experiencing encouraging traction in important markets and geographies, particularly in Europe, Middle East, and Africa. The integration of Blickfeld and Senstar commercial teams is progressing well, aligning go-to-market strategies across multiple regions. Consolidated revenue for the first quarter of 2026 was $8.1 million, a 4% decline compared to the first quarter of 2025. The U.S. correction market faced pressure due to the federal government shutdown, impacting portions of the business and delaying procurement activity. Gross margin decreased to 60% from 67.2% in the year-ago quarter, primarily due to less favorable product mix and lower revenue. Operating expenses increased by 18% year-over-year, driven by higher G&A and marketing costs, including expenses related to the Blickfeld acquisition. The company reported an operating loss of $603,000 for the first quarter of 2026, compared to operating income of $1 million in the first quarter of the previous year. Q: Could you talk more about your opportunities that are not security-related for LiDAR? A: Fabien Haubert, Vice President and Managing Director of Senstar, explained that the main non-security application for LiDAR is volume metering, which involves using LiDAR to measure volumes of bulk materials like salt, sand, and petrochemicals. This application has strong traction, especially in the U.S., and is expanding into other areas like petrochemicals and fertilizers. Q: Regarding traffic, could you talk about what type of application you foresee? A: Fabien Haubert highlighted that traffic monitoring has strong growth potential, with applications in highways and crossroads. LiDAR can classify vehicle types, measure speed and direction, and provide data for smart city management. This business is gaining traction globally, with Blickfeld having secured initial wins prior to the acquisition. Q: Are there any opportunities similar to the small airport project in Europe where you previously worked with Blickfeld? A: Fabien Haubert confirmed that there are numerous opportunities. LiDAR sales have grown significantly, representing 11% of total revenue for the quarter. The company is seeing success in various sectors, including corrections, airports, and data centers, and expects high growth potential in security applications. Q: Are you converting more long-term customers into permanent customers rather than repeat customers? A: Fabien Haubert stated that they see three types of customers: existing customers adding LiDAR to their current relationship, new customers for other applications, and distributors for broader market reach. There is traction in both existing and new verticals. Q: With regards to your overall pipeline for the company, is it greater now than it was at the end of last year? A: Fabien Haubert mentioned that the overall pipeline is comparable to the end of last year, but the LiDAR pipeline is increasing significantly quarter over quarter. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

This article first appeared on GuruFocus. Full Year Revenue: $36.4 million, a 2% increase from 2024. Fourth Quarter Revenue: $8.8 million, a 14% decline year-over-year. Gross Margin (Full Year): 65.5%, up from 64.1% in 2024. Gross Margin (Fourth Quarter): 61.5%, down from 64.5% in the prior year quarter. Net Income (Full Year): $3.2 million or $0.14 per share, compared to $2.6 million or $0.11 per share in 2024. Net Loss (Fourth Quarter): $33,000 or $0.00 per share, compared to net income of $1.6 million or $0.07 per share in the prior year quarter. Operating Expenses (Full Year): $20.8 million, a 9% increase from 2024. Operating Expenses (Fourth Quarter): $5.6 million, up 8% year-over-year. EBITDA (Full Year): $3.7 million, down from $4.6 million in 2024. EBITDA (Fourth Quarter): $35,000, compared to $1.6 million in the prior year quarter. Cash and Cash Equivalents: $22.5 million as of December 31, 2025, with no debt. Revenue Growth by Region (Full Year): North America 9%, EMEA stable, APAC declined 9%. Revenue Growth by Region (Fourth Quarter): APAC increased 21%, US and LatAm declined 20%, Canada increased 110%, EMEA declined 24%. Warning! GuruFocus has detected 5 Warning Sign with ARR. Is SNT fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Senstar Technologies Corp (NASDAQ:SNT) reported a full-year revenue growth of 2% to $36.4 million, with a gross margin expansion to 65.5%. The company maintained a strong balance sheet with $22.5 million in cash and no debt, reflecting financial stability. Revenue from core verticals grew by 5% for the year, driven by strong performance in correction and energy sectors, particularly in North America and EMEA. The acquisition of Blickfeld is expected to enhance Senstar's competitive position and expand its market reach, particularly in LiDAR technology applications. Canada showed significant growth with a 110% increase in revenue in the fourth quarter, driven by wins in correction and utilities sectors. Fourth-quarter revenue declined by 14% year-over-year to $8.8 million, impacted by nonrecurring and timing-related factors. The US and LatAm regions experienced a 20% revenue decline in the fourth quarter due to government project delays following a federal shutdown. Operating expenses increased by 8% in the fourth quarter, primarily due to transaction costs associated with the Blickfeld acquisition. The EMEA region saw a 24% revenue decline in the fourth quarter, affected by a challenging comparison with a large telecom project from the previous year. Net loss attributable to shareholders in the fourth quarter was $33,000, compared to a net income of $1.6 million in the same period last year. Q: With regards to the Blickfeld acquisition, is there a specific vertical or opportunity you see for the technology? A: Fabien Haubert, Vice President, Managing Director of Senstar and Head of the Product Division, explained that the acquisition of Blickfeld opens up three main growth paths. First, LiDAR technology increases the addressable market within current verticals by providing solutions where traditional sensors are not feasible. Second, it allows addressing new areas such as sally ports and roofs. Third, Blickfeld's existing footprint in volume monitoring and traffic applications presents additional growth opportunities. Q: Are the charges related to the Blickfeld acquisition expected to continue into the first quarter? A: Alicia Kelly, Chief Financial Officer, stated that while some costs related to the Blickfeld acquisition will continue into future periods, they are not expected to be substantial. Q: Regarding the delayed projects in the United States, have any of these projects moved forward? A: Fabien Haubert confirmed that all identified projects are still active and progressing. There is optimism about converting some of these projects into revenue in the upcoming quarters, although external factors like government shutdowns could impact timelines. Q: Is the telecom project in the EMEA region expected to contribute to revenue in 2026? A: Fabien Haubert confirmed that parts of the telecom project are expected to contribute to revenue in 2026. The project is multiphase, and while some phases were delayed, they are anticipated to resume in the coming quarters. Q: What is the current employee count after the Blickfeld acquisition? A: Alicia Kelly stated that the employee count increased by 28 people with the acquisition, bringing the total to approximately 150 employees. For the complete transcript of the earnings call, please refer to the full earnings call transcript.