Senstar Technologies Corporation Common Shares - SNT STOCK NEWS

Senstar Technologies (NASDAQ: SNT), a provider of sensing and information management solutions, has filed its Annual Report on Form 20-F for the year ending December 31, 2022, with the SEC. The report is accessible on both Senstar's website and the SEC's site. Shareholders can request a hard copy at no charge. Senstar offers high-tech perimeter intrusion detection systems, including fence, buried, and above-ground sensors, alongside integrated solutions such as video management and access control. With over 40 years of experience, the company serves various sectors, focusing on utilities, logistics, correction facilities, and energy markets.

Senstar Technologies (NASDAQ: SNT) reported its financial results for the year and fourth quarter ended December 31, 2022, highlighting a 10% increase in Q4 revenue to $9.9 million and full-year revenue growth of 1.8% to $35.6 million. The gross margin fell to 57% from 58% in Q4 2021, while annual gross margin also declined to 60.5% from 63%. Notably, the company achieved a net income of $4.0 million for 2022, rebounding from a loss of $(2.2) million in 2021. Operating income surged 37% year-over-year to $1.5 million. Cash reserves totaled $15.0 million, with no debt reported.

Senstar Technologies (NASDAQ: SNT), a notable provider of sensing and information management solutions, will announce its financial results for the fourth quarter and full year ending December 31, 2022, on April 20, 2023. A conference call is scheduled for 10:00 a.m. Eastern Time to discuss the results. Participants are encouraged to call in 10 minutes early and use conference ID number 13737922. The call will be accessible via a live webcast. For those unable to attend, a replay will be available after 1:00 p.m. Eastern Time on the same day, lasting until May 4, 2023. Senstar has been delivering innovative solutions for perimeter intrusion detection and security management for over 40 years, focusing on various sectors, including utilities and logistics.

Senstar Technologies (NASDAQ: SNT) announced on March 1, 2023, that it has secured a significant oil pipeline project in Africa. This project aims to enhance the security of a major pipeline through a comprehensive perimeter intrusion detection system utilizing advanced fiber optic technologies. The company will collaborate with local partners to implement a multi-layered solution, ensuring ongoing operation support. Senstar, with over 40 years of experience, specializes in providing integrated security solutions for various sectors, including utilities and energy markets.

Senstar Technologies (NASDAQ: SNT) reported its Q3 2022 financial results, showing a 5% increase in revenue to $9.7 million compared to $9.3 million in Q3 2021. Net income rose to $1.3 million, or $0.06 per share, up from a net loss of $0.2 million last year. EBITDA from continuing operations was $1.5 million, improving from $1.1 million in the previous year. Despite cash and equivalents dropping to $15.2 million from $26.4 million at year-end 2021, the company maintains zero debt and reports a strong backlog of projects expected within 12 months.

Senstar Technologies (NASDAQ: SNT) will announce its financial results for Q3 2022, ending September 30, on December 22, 2022. The company will host a conference call at 10:00 a.m. Eastern Time to discuss these results. Participants can access the call via specific dial-in numbers and are advised to join 10 minutes early using conference ID 13734956. A replay of the call will be available after 1:00 p.m. ET on the same day until January 5, 2023. Senstar specializes in physical and video security solutions.

Senstar Technologies (NASDAQ: SNT) reported its Q2 2022 financial results, revealing a revenue of $9.1 million, down from $10.1 million in Q2 2021, marking a 9.7% decline. Net income decreased to $0.2 million or $0.01 per share from $11.8 million or $0.51 per share a year ago. EBITDA dropped to $0.5 million compared to $2.5 million in the same quarter last year. Cash reserves also fell to $17.9 million, reflecting operational challenges. CEO Dror Sharon highlighted a strong project pipeline and anticipated improvements in the latter half of 2022.

Senstar Technologies (NASDAQ: SNT), a leader in security solutions, will announce its second quarter financial results for the period ending June 30, 2022, on September 22, 2022. A conference call is scheduled for 10:00 a.m. Eastern Time to discuss the results. Participants can join by dialing in 10 minutes early using conference ID 13732521. The call can also be accessed via a live webcast. A replay will be available from September 22 to October 6, 2022, on Senstar's website.

Senstar (NASDAQ: SNT) has secured two major contracts in the energy sector, valued over $2 million USD, aimed at enhancing the security of key strategic sites in the USA and Canada. These contracts will implement advanced perimeter intrusion detection systems, utilizing technologies such as FiberPatrol and Flexzone sensors. CEO Dror Sharon emphasized that Senstar's innovative solutions and strong brand reputation were crucial in winning these contracts, contributing to the company's expanding market share in sectors like logistics, energy, and utilities.