|
|
|
|
99.1
|
Press Release: Senstar Technologies Corporation Reports Third Quarter 2025 Financial Results on November 25, 2025.
|
| 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 of $9.5 million with gross margin of 67.3% compared to $9.7 million and 68.0%, respectively in the third quarter of last year. Year-to-date revenue increased by 8% compared to the same period in 2024.
|
|
|
• |
Net income of $1.0 million compared to $1.3 million in the third quarter of last year; year-to-date net income increased to $3.2 million from $1.0 million year-to-date in 2024.
|
|
|
• |
Third quarter EBITDA of $1.3 million compared to $2.0 million in the third quarter of last year; year-to-date EBITDA increased to $3.7 million, up from $3.0 million compared to the same period in 2024.
|
|
|
• |
Ended the quarter with a sound and flexible balance sheet, including $21.7 million in cash and short-term bank deposits and no debt, compared with $20.6 million as of December 31, 2024.
|
|
2
|
Page
|
| For more information: | IR Contact: |
| Senstar Technologies Corporation | Hayden IR |
| Alicia Kelly, |
Corbin Woodhull,
|
| Chief Financial Officer |
Managing Director
|
| Alicia.Kelly@senstar.com | Kim@HaydenIR.com |
| +1-602-476-1821 |
|
3
|
Page
|
|
Three Months
Ended September 30,
|
Nine Months
Ended September 30,
|
|||||||||||||||||||||
|
2025
|
2024
|
% change
|
2025
|
2024
|
% change
|
|||||||||||||||||
|
Revenue
|
9,500
|
9,701
|
(2)
|
|
27,602
|
25,518
|
8
|
|||||||||||||||
|
Cost of revenue
|
3,108
|
3,109
|
-
|
9,157
|
9,200
|
(1)
|
|
|||||||||||||||
|
Gross profit
|
6,392
|
6,592
|
(3)
|
|
18,445
|
16,318
|
13
|
|||||||||||||||
|
Operating expenses:
|
||||||||||||||||||||||
|
Research and development, net
|
812
|
1,300
|
(38)
|
|
2,612
|
3,342
|
(22)
|
|
||||||||||||||
|
Selling and marketing
|
2,335
|
2,041
|
14
|
7,052
|
6,393
|
10
|
||||||||||||||||
|
General and administrative
|
2,097
|
1,427
|
47
|
5,613
|
4,166
|
35
|
||||||||||||||||
|
Total operating expenses
|
5,244
|
4,768
|
10
|
15,277
|
13,901
|
10
|
||||||||||||||||
|
Operating income
|
1,148
|
1,824
|
3,168
|
2,417
|
||||||||||||||||||
|
Financial income (expenses), net
|
282
|
111
|
221
|
268
|
||||||||||||||||||
|
Income before income taxes
|
1,430
|
1,935
|
3,389
|
2,685
|
||||||||||||||||||
|
Taxes on income (tax benefits)
|
424
|
650
|
140
|
1,653
|
||||||||||||||||||
|
Net income
|
1,006
|
1,285
|
3,249
|
1,032
|
||||||||||||||||||
|
Basic and diluted net income per share
|
$
|
0.04
|
$
|
0.06
|
$
|
0.14
|
$
|
0.04
|
||||||||||||||
|
Weighted average number of shares used in computing basic net income (loss) per share
|
23,331,653
|
23,309,987
|
23,328,851
|
23,309,987
|
||||||||||||||||||
|
Weighted average number of shares used in computing diluted net income (loss) per share
|
23,545,277
|
23,309,987
|
23,405,510
|
23,309,987
|
||||||||||||||||||
|
4
|
Page
|
|
Three Months
Ended September 30,
|
Nine Months
Ended September 30,
|
|||||||||||||||
|
2025%
|
2024%
|
2025%
|
2024%
|
|||||||||||||
|
Gross margin
|
67.3
|
68.0
|
66.8
|
63.9
|
||||||||||||
|
Research and development, net as a % of revenues
|
8.5
|
13.4
|
9.5
|
13.1
|
||||||||||||
|
Selling and marketing as a % of revenues
|
24.6
|
21.0
|
25.5
|
25.1
|
||||||||||||
|
General and administrative as a % of revenues
|
22.1
|
14.7
|
20.3
|
16.3
|
||||||||||||
|
Operating margin
|
12.1
|
18.8
|
11.5
|
9.5
|
||||||||||||
|
Net margin
|
10.6
|
13.2
|
11.8
|
4.0
|
||||||||||||
|
5
|
Page
|
|
Three Months
Ended September 30,
|
Nine Months
Ended September 30,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
GAAP income
|
1,006
|
1,285
|
3,249
|
1,032
|
||||||||||||
|
Less:
|
||||||||||||||||
|
Financial income (expenses), net
|
282
|
111
|
221
|
268
|
||||||||||||
|
Taxes on income (tax benefits)
|
424
|
650
|
140
|
1,653
|
||||||||||||
|
Depreciation and amortization
|
(174
|
)
|
(185
|
)
|
(500
|
)
|
(552
|
)
|
||||||||
|
EBITDA
|
1,322
|
2,009
|
3,668
|
2,969
|
||||||||||||
|
6
|
Page
|
|
September 30,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
CURRENT ASSETS:
|
||||||||
|
Cash and cash equivalents
|
$
|
21,538
|
$
|
20,466
|
||||
|
Short-term bank deposits
|
126
|
111
|
||||||
|
Restricted cash and deposits
|
6
|
5
|
||||||
|
Trade receivables, net
|
10,125
|
10,306
|
||||||
|
Unbilled accounts receivable
|
225
|
228
|
||||||
|
Other accounts receivable and prepaid expenses
|
2,323
|
2,161
|
||||||
|
Inventories
|
5,562
|
4,957
|
||||||
|
Total current assets
|
39,905
|
38,234
|
||||||
|
LONG TERM ASSETS:
|
||||||||
|
Deferred tax assets
|
1,076
|
1,158
|
||||||
|
Operating lease right-of-use assets
|
348
|
528
|
||||||
|
Total long-term assets
|
1,424
|
1,686
|
||||||
|
PROPERTY AND EQUIPMENT, NET
|
1,623
|
1,328
|
||||||
|
INTANGIBLE ASSETS, NET
|
223
|
468
|
||||||
|
GOODWILL
|
10,722
|
10,360
|
||||||
|
TOTAL ASSETS
|
$
|
53,897
|
$
|
52,076
|
||||
|
7
|
Page
|
|
September 30,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
CURRENT LIABILITIES:
|
||||||||
|
Trade payables
|
$
|
2,372
|
$
|
2,689
|
||||
|
Deferred revenues and customer advances
|
2,724
|
3,044
|
||||||
|
Other accounts payable and accrued expenses
|
3,880
|
6,433
|
||||||
|
Short-term operating lease liabilities
|
199
|
254
|
||||||
|
Total current liabilities
|
9,175
|
12,420
|
||||||
|
LONG-TERM LIABILITIES:
|
||||||||
|
Deferred revenues
|
1,262
|
1,171
|
||||||
|
Deferred tax liabilities
|
548
|
443
|
||||||
|
Long-term operating lease liabilities
|
167
|
296
|
||||||
|
Other long-term liabilities
|
46
|
70
|
||||||
|
Total long-term liabilities
|
2,023
|
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 September 30, 2025 and at December 31, 2024, respectively
|
-
|
-
|
||||||
|
Additional paid-in capital
|
37,861
|
37,377
|
||||||
|
Accumulated other comprehensive income (loss)
|
(504
|
)
|
(980
|
)
|
||||
|
Foreign currency translation adjustments (stand-alone financial statements)
|
9,256
|
8,442
|
||||||
|
Accumulated deficit
|
(3,914
|
)
|
(7,163
|
)
|
||||
|
TOTAL SHAREHOLDERS' EQUITY
|
42,699
|
37,676
|
||||||
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
|
$
|
53,897
|
$
|
52,076
|
||||
|
8
|
Page
|