Welcome to our dedicated page for Senstar Technologies Corporation Common Shares news (Ticker: SNT), a resource for investors and traders seeking the latest updates and insights on Senstar Technologies Corporation Common Shares stock.
Senstar Technologies Corporation (NASDAQ: SNT) is a globally recognized provider of comprehensive physical, video, and access control security products and solutions. With over 40 years of experience, Senstar specializes in safeguarding vital infrastructures like utilities, logistics, correctional facilities, and energy markets.
Senstar’s product portfolio is extensive, featuring advanced perimeter intrusion detection systems, which include fence sensors, buried sensors, and above-ground sensors. These systems are complemented by their intelligent video management, video analytics, and access control solutions, designed to reduce complexity, enhance performance, and unify support.
Recently, Senstar introduced their groundbreaking MultiSensor™, an AI-driven intrusion detection system with an embedded sensor fusion engine. This innovative system combines data from multiple sensing technologies—such as radar, PIR, accelerometer, high-frequency vibration, and image sensors—to provide unparalleled situational awareness and virtually eliminate false alarms. The MultiSensor™ system has garnered significant attention and has been recognized with the Platinum award for the Best Intrusion Detection and Prevention Solution from American Security Today’s ASTORS’ Homeland Security Awards 2023.
Financially, the company continues to demonstrate resilience and growth. In the second quarter of 2023, Senstar achieved a revenue of $8.4 million, with a gross margin of 60.7%. Despite a year-over-year revenue decline, the company maintained a positive operating income and EBITDA. The third quarter of 2023 saw a revenue of $9.0 million, with a gross margin of 56.5%, showcasing sustained strength in Europe and Latin America.
Senstar is currently in the process of redomiciling from Israel to Ontario, Canada, aligning its corporate domicile with the majority of its employees and operational assets. This strategic move is expected to be completed by the fourth quarter of 2023 and aims to support the company’s long-term objectives without disrupting day-to-day operations.
For investors and stakeholders, Senstar remains a robust entity committed to innovation and market expansion. The company's latest financial results and developments are regularly updated on their website and through investor conference calls.
Senstar Technologies (NASDAQ: SNT) reported strong Q3 2024 financial results with revenue growth of 8.2% to $9.7 million, compared to $9.0 million in Q3 2023. The company achieved significant improvements in profitability, with gross margin expanding to 68.0% from 56.5% year-over-year. Operating expenses decreased by 3.6% to $4.8 million, leading to a net income of $1.3 million compared to a net loss of $122,000 in the prior year. EBITDA improved to $2.0 million from $322,000, while cash position strengthened to $19.5 million with no debt.
Senstar Technologies (NASDAQ: SNT), a provider of physical, video and access control security solutions, has announced it will release its third quarter 2024 financial results on Tuesday, November 12, 2024. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. A live webcast will be available, and a replay can be accessed until November 26, 2024.
Senstar Technologies (NASDAQ: SNT) reported its Q2 2024 financial results, showing strong business momentum and the full launch of Senstar MultiSensor. Key highlights include:
- Revenue of $8.3 million, slightly down from $8.4 million in Q2 2023
- Gross margin improved to 63.2% from 60.7%
- Operating expenses decreased by 9.1% to $4.6 million
- Net income increased to $493,000 from $275,000
- EBITDA rose to $846,000 from $290,000
- Cash balance grew to $15.1 million with no debt
The company saw 5% growth in its four key verticals during Q2 and 14% year-to-date. The newly launched MultiSensor product is generating substantial market interest and is expected to be a critical growth driver.
Senstar Technologies (NASDAQ: SNT), a leading provider of comprehensive physical, video, and access control security solutions, has announced its plans to report second quarter 2024 financial results on Monday, August 26, 2024. The company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. Investors can participate via teleconference or live webcast. The call will use conference ID 13748488. A replay will be available after 7:00 p.m. Eastern time until September 9, 2024, both via phone and on the company's website.
Senstar Technologies (NASDAQ: SNT) reported its Q1 2024 financial results, showcasing a 17% revenue increase to $7.5 million, up from $6.4 million in Q1 2023.
Gross margin improved to 59.6%, and operating expenses decreased by 15%.
The net loss narrowed to $0.7 million from $1.9 million, with positive EBITDA of $114,000 compared to a negative EBITDA of $1.4 million in the same period last year.
Cash and short-term deposits stood at $15.8 million with no debt as of March 31, 2024.
The company completed its redomiciliation to Canada and made strategic leadership appointments.
Preparations for the launch of the MultiSensor AI-based intrusion detection system are on schedule, with sales expected to begin in the fall of 2024.
Senstar Technologies (NASDAQ: SNT) announced it will release its first quarter 2024 financial results on June 13, 2024.
The results will cover the three months ending March 31, 2024.
Management will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results.
The call will also be available via a live webcast. Participants are encouraged to dial in 10 minutes before the call starts using the provided toll-free and international numbers, or the UK toll-free number.
A replay of the call will be accessible starting at 8 p.m. Eastern Time on June 13, 2024, until June 27, 2024.
FAQ
What is the current stock price of Senstar Technologies Corporation Common Shares (SNT)?
What is the market cap of Senstar Technologies Corporation Common Shares (SNT)?
What does Senstar Technologies Corporation specialize in?
What are some key products offered by Senstar?
What is the Senstar MultiSensor™?
How did Senstar perform financially in the second quarter of 2023?
What are the recent innovations by Senstar?
Where is Senstar Technologies Corporation redomiciling to?
How does Senstar support its customers?
What has been the impact of the Senstar MultiSensor™ in the market?
What are the primary industries served by Senstar?
How can investors stay updated on Senstar's financial performance?
