Senstar Technologies Ltd Stock Price, News & Analysis

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.

Senstar Technologies (NASDAQ: SNT) reported a 4% revenue increase to $6.8 million for Q1 2022, compared to $6.5 million in Q1 2021. The net loss improved to ($1.1) million from ($2.0) million a year prior. EBITDA loss also improved to ($0.3) million, down from ($0.4) million. The company maintains a strong balance sheet with $24.2 million in cash and no debt. CEO Dror Sharon highlighted a promising pipeline and expected revenue growth in 2022, driven by recovery in key markets.

Senstar Technologies (NASDAQ: SNT) will announce its first quarter financial results for the period ending March 31, 2022, on May 26, 2022. A conference call to discuss these results is scheduled for 10:00 a.m. Eastern Time on the same day. Participants are advised to dial in 10 minutes early using conference ID 13730020. The conference will also be available via live webcast. Interested parties can access a replay from June 9, 2022, at 11:59 p.m. Eastern Time.

Senstar Technologies (NASDAQ: SNT) announced the filing of its annual report on Form 20-F, which includes audited consolidated financial statements for the year ending December 31, 2021. The report is filed with the U.S. Securities and Exchange Commission and is accessible on the company's website. Shareholders can request a hard copy of the report free of charge. Senstar specializes in physical, video, and access control security solutions, catering to utilities, logistics, corrections, and energy markets.

Senstar Technologies (NASDAQ: SNT) reported its financial results for 2021 with a revenue increase of 4.7% to $34.9 million. Net income surged to $6.4 million from $0.4 million in 2020, reflecting recovery from COVID-19 impacts. However, EBITDA dropped to $2.6 million from $4.3 million year-over-year. The fourth quarter saw a 6.4% revenue decline at $9.0 million, with net losses of $3.2 million. The company has a strong balance sheet with $26.4 million in cash and no debt. Management expresses optimism for 2022, citing new product introductions and restructuring efforts.

Senstar Technologies (NASDAQ: SNT) will announce its financial results for Q4 and the full year ending December 31, 2021, on April 27, 2022. The management team will host a conference call at 10:00 a.m. Eastern Time to discuss these results. Participants can join via toll-free and international numbers, with a request to dial in 10 minutes early. The call will also be webcast live, and a replay will be accessible from April 27 to May 11, 2022. Senstar is known for its innovative security solutions, protecting assets for over 40 years.