Senstar Technologies Ltd Stock Price, News & Analysis

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.

Senstar Technologies Ltd. (NASDAQ: SNT) has opened a software development branch in Timisoara, Romania, enhancing its software solution portfolio. This new facility aims to tap into Romania's strong technical talent pool and will focus on expanding the Senstar Symphony™ platform, which integrates various security management systems. The platform's Sensor Fusion Engine combines data from multiple sources for improved performance. This strategic move is expected to allow Senstar to better address customer needs and improve product development capabilities.

Senstar Technologies Ltd. (NASDAQ: SNT) announced that its Senstar Symphony Common Operating Platform with Sensor Fusion Engine received dual recognition in the security industry. It won the platinum award for Best IP Video Surveillance Solution at American Security Today's ASTORS' Homeland Security Awards and was listed among the Top 30 Technology Innovations by Security Sales and Integration for 2021. This platform enhances security management by integrating video analytics and sensor data, providing advanced capabilities in perimeter intrusion detection.

Senstar Technologies Ltd. (NASDAQ: SNT) will present at the Imperial Capital Security Investor Conference on December 15, 2021, at the InterContinental New York Barclay. The session will feature CEO Dror Sharon and Managing Director Fabien Haubert, including a group presentation at 10:00 am ET. The conference aims to showcase Senstar's innovations in video management and perimeter intrusion detection systems, enhancing security solutions for various sectors globally.

Senstar Technologies Ltd. (NASDAQ: SNT) reported its financial results for the three and nine months ending September 30, 2021. Revenue for the nine-month period rose 9% to $25.9 million, with net income increasing substantially to $9.6 million, up from $1.2 million in 2020. Despite a 10.6% revenue increase in Q3, gross margin decreased to 60.7% due to higher material costs and currency fluctuations. Operating expenses grew by 10.1%, reflecting increased marketing efforts. The company maintains a solid cash position of $24 million and has zero debt. A cash distribution of $1.725 per share was completed, totaling approximately $40 million.

Senstar Technologies Ltd. (NASDAQ: SNT) is set to release its financial results for Q3 2021, ending September 30, on November 16, 2021, at 10:00 a.m. Eastern Time. A conference call will follow to discuss these results. Participants can join using toll-free numbers or international lines, and are encouraged to connect 10 minutes early with the conference ID 13724320. The call will also be available via a live webcast. A replay will be accessible on Senstar's website starting November 16, post 1:00 p.m. Eastern Time, until November 30.