Senstar Technologies Corporation Reports Third Quarter 2025 Financial Results

Rhea-AI Summary

Senstar Technologies (NASDAQ: SNT) reported third quarter results for the three months ended September 30, 2025. Q3 revenue was $9.5M (down 2.1% year-over-year) with a 67.3% gross margin. Q3 net income was $1.0M ($0.04/share) and Q3 EBITDA was $1.3M. Year-to-date revenue rose 8% and year-to-date net income increased to $3.2M from $1.0M. Cash and short-term deposits totaled $21.7M with no debt. Operating expenses rose to $5.2M mainly due to an exceptional consulting cost tied to strategic growth. Management will host a conference call on Nov 25, 2025 at 5:00 PM ET.

Positive

• Year-to-date revenue up 8%
• Year-to-date net income rose to $3.2M from $1.0M
• Cash and short-term deposits of $21.7M with no debt
• Year-to-date EBITDA increased to $3.7M from $3.0M

Negative

• Q3 revenue declined 2.1% to $9.5M
• Q3 net income fell to $1.0M from $1.3M
• Q3 EBITDA decreased to $1.3M from $2.0M
• Operating expenses rose to $5.2M due to exceptional consulting cost

Insights

Senior Financial Analyst

Mixed quarterly read: slight revenue dip but stronger year‑to‑date profitability and a debt‑free balance sheet leave the update neutral.

Senstar Technologies reported third quarter revenue of $9.5 million, down versus prior-year $9.7 million, with gross margin near target at 67.3%. Quarterly net income fell to $1.0 million from $1.3 million, while year‑to‑date revenue rose 8% and year‑to‑date net income improved to $3.2 million from $1.0 million. The company ended the quarter with $21.7 million in cash and short‑term deposits and no debt.

The operating picture hinges on two facts in the release: an exceptional consulting charge drove higher operating expenses this quarter, and management says core verticals show double‑digit growth year‑to‑date. These facts explain the quarterly profit decline despite stronger cumulative profitability. The balance sheet strength and rising YTD EBITDA to $3.7 million moderate downside risk from the single‑quarter softness.

Watch the investor call today (November 25, 2025) for management detail on the nature and expected duration of the consulting costs, the sustainability of double‑digit vertical growth, and near‑term order visibility. Relevant near‑term horizons: next quarter results for momentum confirmation and fiscal year‑end metrics for full‑year confirmation of improved profitability.

OTTAWA, Nov. 25, 2025 /PRNewswire/ -- Senstar Technologies Corporation (NASDAQ: SNT), a leading international provider of comprehensive physical, video and access control security products and solutions, today announced its financial results for the three and nine months ended September 30, 2025. Management will hold an investors' conference call later today (at 5:00 p.m. Eastern Time) to discuss the results.

 

 

Third Quarter 2025 Summary:

(Third quarter 2025 results for the three months ended September 30, 2025, compared to the three months ended September 30, 2024)

• 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.

Mr. Fabien Haubert, CEO, stated, "Our performance year-to-date reflects consistent execution and continued expansion in our highest-value verticals. Core vertical revenues grew double digits in both the quarter and year-to-date periods, supported by rising investment in critical and non-critical infrastructure protection globally. We are gaining measurable share in Corrections and Energy, where our business development strategy is driving repeatable deployments and scalable account growth. Our Utilities, Transport and Data Centers momentum is strengthening rapidly with the increasing adoption of our advanced perimeter security solutions among both existing as well as rising new customers."

Mr. Haubert continued, "Consistant with prior quarters, gross margin remained above targets in the third quarter, underscoring the value of our differentiated technology and operational efficiency. With a robust pipeline, diversified geographic footprint, and a debt-free balance sheet with $21.7 million in cash, we are positioned to continue delivering sustainable, profitable business going forward."

Third Quarter 2025 Financial Results Summary

Revenue for the third quarter of 2025 was $9.5 million, a decline of 2.1% compared with $9.7 million for the third quarter of 2024. Third quarter gross profit was $6.4 million, or 67.3% gross margin, compared with $6.6 million, or 68.0% gross margin, for the third quarter of 2024. The stability in gross margin is primarily a reflection of a well-balanced product mix.

Operating expenses increased to $5.2 million, compared to $4.8 million for the third quarter of 2024. The increase was mainly driven by general and administrative expenses, due to an exceptional consulting cost related to our strategic growth.

Operating income for the third quarter of 2025 was $1.1 million compared to $1.8 million for the third quarter of last year. The variation in operating income is primarily attributable to an exceptional consulting cost related to our strategic growth.

Financial income increased to $282,000 compared to financial income of $111,000 for the third quarter of last year.

Net income in the third quarter of 2025 was $1.0 million, or $0.04 per share compared to $1.3 million, or $0.06 per share, in the third quarter of last year.

EBITDA for the third quarter of 2025 was $1.3 million compared to $2.0 million in the third quarter of 2024. 

Cash and cash equivalents and short-term bank deposits were $21.7 million, or $0.93 per share as of September 30, 2025, compared to $20.6 million, or $0.88 per share, as of December 31, 2024.

Earnings Conference Call Information:

We will host a conference call later today, November 25, 2025. The call will begin promptly at 5:00 p.m. Eastern Time. We request that participants dial in 10 minutes before the conference call commences and use the conference ID number 13757069.

Participant Dial-in Numbers:
Toll Free: 1-877-407-9716
Toll/International: 1-201-493-6779

The conference call will also be available via a live webcast at:
https://viavid.webcasts.com/starthere.jsp?ei=1742093&tp_key=c0e8762f70

Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13757069

About Senstar Technologies Corporation

With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance, and unify support. For 40 years, Senstar has been safeguarding people, places, and property for organizations around the world, with a special focus on utilities, logistics, correction facilities and energy markets.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario), which we refer to collectively as forward-looking statements. These forward-looking statements are not limited to historical facts, but reflect Senstar's current beliefs, expectations or intentions regarding future events. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "seek," "estimate," "predict," "potential," "pursue," "target," "continue," and similar expressions are intended to identify such forward-looking statements. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including the effect of tariffs imposed by governments in countries in which we operate and those risks discussed under the heading "Risk Factors" in Senstar's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission, or the SEC, and in other filings with the SEC. These forward-looking statements are made only as of the date hereof, and, except as required by applicable law or regulation, Senstar undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Logo: https://mma.prnewswire.com/media/1713105/Senstar_Technologies_Logo.jpg

For more information:
Senstar Technologies Corporation 
Alicia Kelly 
Chief Financial Officer
alicia.kelly@senstar.com

IR Contact: 
Hayden IR 
Corbin Woodhull
Managing Director 
kim@haydenir.com
+1-602-476-1821

-- Tables follow –

 

 

 

SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (All numbers except EPS expressed in thousands of US$)
	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

 

 

 

SENSTAR TECHNOLOGIES CORPORATION  UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS (All numbers except EPS expressed in thousands of US$)
	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

 

 

 

SENSTAR TECHNOLOGIES CORPORATION RECONCILIATION OF EBITDA TO NET INCOME (LOSS) (All numbers expressed in thousands of US$)
	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

 

 

 

SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All numbers expressed in thousands of US$)
	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

 

 

 

SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All numbers expressed in thousands of US$)
	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

 

 

 

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SOURCE Senstar Technologies Corporation

FAQ

What were Senstar (SNT) Q3 2025 revenue and gross margin?

Senstar reported Q3 2025 revenue of $9.5M with a 67.3% gross margin.

How did Senstar (SNT) Q3 2025 net income and EPS perform?

Senstar reported Q3 net income of $1.0M, or $0.04 per share.

What is Senstar's (SNT) cash position and debt as of Sept 30, 2025?

Senstar held $21.7M in cash and short-term deposits and reported no debt.

Why did Senstar's (SNT) operating expenses increase in Q3 2025?

Operating expenses rose to $5.2M principally from an exceptional consulting cost for strategic growth.

Did Senstar (SNT) report year-to-date improvements for 2025?

Yes; year-to-date revenue rose 8% and year-to-date net income increased to $3.2M.