|
99.1
|
Press Release: Senstar Technologies Corporation Reports Second Quarter 2025 Financial Results on August 25, 2025.
|
|
Senstar Technologies Corporation
|
||
|
By:
|
/s/ Alicia Kelly | |
| Name: | Alicia Kelly | |
| Title: | Chief Financial Officer | |
|
EXHIBIT NO.
|
DESCRIPTION
|
![]() |
Senstar Technologies Corporation
|
||
|
119 John Cavanaugh Drive
|
T: +1-613-839-5572
|
||
|
Ottawa, ON
|
|||
|
Canada K0A 1L0
|
www.senstar.com
|
|
|
• |
Revenue grew by 16.2% to $9.7 million with gross margin of 66.1% versus revenue of $8.3 million with gross margin of 63.2%.
|
|
|
• |
Net income of $1.2 million a significant growth over prior year.
|
|
|
• |
EBITDA increased by 34.6% to $1.1 million for an EBITDA margin of 11.8%, compared to $0.8 million and 10.2%, respectively.
|
|
|
• |
Cash and short-term bank deposits as of June 30, 2025, increased to $21.9 million with no debt, compared with a cash and short-term bank deposits balance of $20.6 million as of December 31, 2024.
|
| For more information: | IR Contact: |
| Senstar Technologies Corporation | Hayden IR |
| Alicia Kelly, | Kim Rogers, |
| Chief Financial Officer | Managing Director |
| Alicia.Kelly@senstar.com | Kim@HaydenIR.com |
| +1-541-904-5075 |
|
Three Months
Ended June 30,
|
Six Months
Ended June 30,
|
|||||||||||||||||||||||
|
2025
|
2024
|
% change
|
2025
|
2024
|
% change
|
|||||||||||||||||||
|
Revenue
|
9,654
|
8,306
|
16
|
18,102
|
15,817
|
14
|
||||||||||||||||||
|
Cost of revenue
|
3,274
|
3,059
|
7
|
6,049
|
6,091
|
(1
|
)
|
|||||||||||||||||
|
Gross profit
|
6,380
|
5,247
|
22
|
12,053
|
9,726
|
24
|
||||||||||||||||||
|
Operating expenses:
|
||||||||||||||||||||||||
|
Research and development, net
|
900
|
1,060
|
(15
|
)
|
1,800
|
2,042
|
(12
|
)
|
||||||||||||||||
|
Selling and marketing
|
2,452
|
2,257
|
9
|
4,717
|
4,352
|
8
|
||||||||||||||||||
|
General and administrative
|
2,055
|
1,264
|
63
|
3,516
|
2,739
|
28
|
||||||||||||||||||
|
Total operating expenses
|
5,407
|
4,581
|
18
|
10,033
|
9,133
|
10
|
||||||||||||||||||
|
Operating income
|
973
|
666
|
2,020
|
593
|
||||||||||||||||||||
|
Financial income (expenses), net
|
(330
|
)
|
103
|
(61
|
)
|
157
|
||||||||||||||||||
|
Income before income taxes
|
643
|
769
|
1,959
|
750
|
||||||||||||||||||||
|
Taxes on income (tax benefits)
|
(581
|
)
|
276
|
(284
|
)
|
1,003
|
||||||||||||||||||
|
Net income (loss)
|
1,224
|
493
|
2,243
|
(253
|
)
|
|||||||||||||||||||
|
Basic and diluted net income (loss) per share
|
$
|
0.05
|
$
|
0.02
|
$
|
0.10
|
$
|
(0.01
|
)
|
|||||||||||||||
|
Weighted average number of shares used in computing basic net income (loss) per share
|
23,328,191
|
23,309,987
|
23,327,426
|
23,309,987
|
||||||||||||||||||||
|
Weighted average number of shares used in computing diluted net income (loss) per share
|
23,335,835
|
23,309,987
|
23,334,103
|
23,309,987
|
||||||||||||||||||||
|
Three Months
Ended June 30,
|
Six Months
Ended June 30,
|
|||||||||||||||
|
2025
%
|
2024
%
|
2025
%
|
2024
%
|
|||||||||||||
|
Gross margin
|
66.1
|
63.2
|
66.6
|
61.5
|
||||||||||||
|
Research and development, net as a % of revenues
|
9.3
|
12.8
|
9.9
|
12.9
|
||||||||||||
|
Selling and marketing as a % of revenues
|
25.4
|
27.2
|
26.1
|
27.5
|
||||||||||||
|
General and administrative as a % of revenues
|
21.3
|
15.2
|
19.4
|
17.3
|
||||||||||||
|
Operating margin
|
10.1
|
8.0
|
11.2
|
3.7
|
||||||||||||
|
Net margin
|
12.7
|
5.9
|
12.4
|
-
|
||||||||||||
|
Three Months
Ended June 30,
|
Six Months
Ended June 30,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
GAAP income (loss)
|
1,224
|
493
|
2,243
|
(253
|
)
|
|||||||||||
|
Less:
|
||||||||||||||||
|
Financial income (expenses), net
|
(330
|
)
|
103
|
(61
|
)
|
157
|
||||||||||
|
Taxes on income (tax benefits)
|
(581
|
)
|
276
|
(284
|
)
|
1,003
|
||||||||||
|
Depreciation and amortization
|
(166
|
)
|
(180
|
)
|
(326
|
)
|
(367
|
)
|
||||||||
|
EBITDA
|
1,139
|
846
|
2,346
|
960
|
||||||||||||
|
June 30,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
CURRENT ASSETS:
|
||||||||
|
Cash and cash equivalents
|
$
|
21,813
|
$
|
20,466
|
||||
|
Short-term bank deposits
|
126
|
111
|
||||||
|
Restricted cash and deposits
|
6
|
5
|
||||||
|
Trade receivables, net
|
9,085
|
10,306
|
||||||
|
Unbilled accounts receivable
|
256
|
228
|
||||||
|
Other accounts receivable and prepaid expenses
|
2,078
|
2,161
|
||||||
|
Inventories
|
5,308
|
4,957
|
||||||
|
Total current assets
|
38,672
|
38,234
|
||||||
|
LONG TERM ASSETS:
|
||||||||
|
Deferred tax assets
|
1,216
|
1,158
|
||||||
|
Operating lease right-of-use assets
|
421
|
528
|
||||||
|
Total long-term assets
|
1,637
|
1,686
|
||||||
|
PROPERTY AND EQUIPMENT, NET
|
1,584
|
1,328
|
||||||
|
INTANGIBLE ASSETS, NET
|
317
|
468
|
||||||
|
GOODWILL
|
10,889
|
10,360
|
||||||
|
TOTAL ASSETS
|
$
|
53,099
|
$
|
52,076
|
||||
|
June 30,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
CURRENT LIABILITIES:
|
||||||||
|
Trade payables
|
$
|
1,841
|
$
|
2,689
|
||||
|
Deferred revenues and customer advances
|
2,617
|
3,044
|
||||||
|
Other accounts payable and accrued expenses
|
3,890
|
6,433
|
||||||
|
Short-term operating lease liabilities
|
229
|
254
|
||||||
|
Total current liabilities
|
8,577
|
12,420
|
||||||
|
LONG-TERM LIABILITIES:
|
||||||||
|
Deferred revenues
|
1,571
|
1,171
|
||||||
|
Deferred tax liabilities
|
554
|
443
|
||||||
|
Long-term operating lease liabilities
|
213
|
296
|
||||||
|
Other long-term liabilities
|
56
|
70
|
||||||
|
Total long-term liabilities
|
2,394
|
1,980
|
||||||
|
SHAREHOLDERS' EQUITY
|
||||||||
|
Share Capital: Common shares - 39,748,000 shares authorized -
|
||||||||
|
No par value, 23,331,653 and 23,326,653 shares issued and outstanding at June 30, 2025 and at December 31, 2024, respectively
|
-
|
-
|
||||||
|
Additional paid-in capital
|
37,693
|
37,377
|
||||||
|
Accumulated other comprehensive income (loss)
|
(363
|
)
|
(980
|
)
|
||||
|
Foreign currency translation adjustments (stand-alone financial statements)
|
9,718
|
8,442
|
||||||
|
Accumulated deficit
|
(4,920
|
)
|
(7,163
|
)
|
||||
|
TOTAL SHAREHOLDERS' EQUITY
|
42,128
|
37,676
|
||||||
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
|
$
|
53,099
|
$
|
52,076
|
||||