Senstar Technologies Corporation Reports Third Quarter 2026 Financial Results

Quarterly profit improved, but nine-month earnings remained below last year and cash and short-term deposits fell from year-end.

Rhea-AI Summary

Senstar Technologies (NASDAQ: SNT) reported record third-quarter 2026 revenue of $13.1 million, with higher earnings and growth across geographic markets. Revenue rose 37% year over year. GAAP net income increased to $1.528 million, or $0.07 per share, from $1.006 million, or $0.04 per share. Gross margin fell to 66.3% from 67.3%, while operating income rose to $1.904 million from $1.148 million.

U.S. revenue grew 23%; EMEA and APAC each grew 50%. LiDAR sales more than doubled. Nine-month revenue increased 14% to $31.589 million, but net income fell to $1.049 million from $3.249 million. Cash and short-term deposits totaled $8.4 million, excluding restricted cash, versus $22.5 million at December 31, 2025; Senstar had no debt at September 30, 2026. Blickfeld acquisition accounting remains preliminary and could affect reported results, including prior periods.

13 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 14 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter revenue rose 37% year over year to a record $13.1 million.
• Moderate pointThird-quarter GAAP net income increased to $1.528 million from $1.006 million; EPS rose to $0.07 from $0.04.
• Moderate pointThird-quarter operating income increased to $1.904 million from $1.148 million a year earlier.
• Moderate pointThird-quarter gross profit grew 35% year over year to $8.660 million.
• Moderate pointThird-quarter adjusted EBITDA, a non-GAAP earnings measure, increased to $2.052 million from $1.322 million.

8 minor points

• Minor pointThird-quarter operating margin improved to 14.6% from 12.1%; net margin rose to 11.7% from 10.6%.
• Minor pointU.S. third-quarter revenue grew 23% year over year, returning to growth.
• Minor pointEMEA and APAC third-quarter revenue each grew 50% year over year.
• Minor pointLiDAR third-quarter sales more than doubled year over year.
• Minor pointBlickfeld achieved its second consecutive quarter of EBITDA profitability.
• Minor pointNine-month revenue increased 14% year over year to $31.589 million.
• Minor pointNine-month gross profit increased 10% year over year to $20.217 million.
• Minor pointNo debt was outstanding at September 30, 2026.

Negative

• Major pointCash and short-term deposits fell to $8.4 million from $22.5 million at December 31, 2025, excluding restricted cash.
• Moderate pointNine-month net income fell to $1.049 million from $3.249 million; EPS declined to $0.04 from $0.14.
• Moderate pointNine-month operating income fell to $1.644 million from $3.168 million a year earlier.
• Moderate pointNine-month adjusted EBITDA declined to $2.201 million from $3.668 million a year earlier.
• Moderate pointNine-month gross margin fell to 64.0% from 66.8%.
• Moderate pointThird-quarter operating expenses rose 29% to $6.755 million, including approximately $1.3 million related to Blickfeld integration. 4.3% of market cap

8 minor points

• Minor pointThird-quarter gross margin declined to 66.3% from 67.3%, primarily reflecting product mix.
• Minor point$0.2 million bad-debt reserve related to a specific customer receivable contributed to third-quarter expense growth.
• Minor pointNine-month operating expenses increased 22% year over year to $18.573 million.
• Minor pointThird-quarter net financial expense of $126,000 replaced net financial income of $282,000 a year earlier.
• Minor pointNine-month net financial expense of $114,000 replaced net financial income of $221,000 a year earlier.
• Minor pointNine-month income taxes increased to $481,000 from $140,000 a year earlier.
• Minor pointNine-month operating margin fell to 5.2% from 11.5%; net margin declined to 3.3% from 11.8%.
• Minor point. Forward-looking: it has not happened yet and may not happen.Blickfeld purchase accounting remains preliminary; valuation adjustments may affect reported results, including previously reported periods.

Key Figures

Revenue: $13.1 million; up 37% year over year Gross margin: 66.3%, compared with 67.3% Operating income: $1.9 million, compared with $1.1 million +3 more

Revenue

$13.1 million; up 37% year over year

Third quarter 2026

Gross margin

66.3%, compared with 67.3%

Third quarter 2026 versus year-ago quarter

Operating income

$1.9 million, compared with $1.1 million

Third quarter 2026 versus year-ago period

Net income

$1.5 million; $0.07 per share

Third quarter 2026, compared with $1.0 million and $0.04 per share

Adjusted EBITDA

$2.1 million; up 55% year over year

Third quarter 2026

Cash and short-term bank deposits

$8.4 million

As of September 30, 2026; excludes restricted cash

Previous Earnings Reports

2 past events · Latest: Aug 25

Same Type 2 events

1. Aug 25

   Q2 earnings

   24h Move

   -3.3%

   Revenue rose 8%, but net income and EBITDA declined amid acquisition-related expense growth.

2. May 26

   Q1 earnings

   24h Move

   -2.1%

   Revenue fell 4%, with operating and net losses as expenses increased.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

lidar, adjusted ebitda, non-gaap financial measure, purchase accounting

4 terms

lidar technical

"LiDAR sales more than doubling year-over-year"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

adjusted ebitda financial

"Adjusted EBITDA is a non-GAAP financial measure"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-gaap financial measure financial

"Adjusted EBITDA is a non-GAAP financial measure calculated by adjusting net income"

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

purchase accounting financial

"The purchase accounting for the Blickfeld acquisition remains preliminary"

Purchase accounting is the method used to record a company acquisition by treating the buyer as if it bought each asset and assumed each liability at their fair values on the purchase date. It matters to investors because this re‑valuation can create or change visible items like goodwill, cause future earnings to be lower or higher as costs are spread out, and alter balance sheet strength—much like re‑tagging items and debts after buying a house affects your net worth and monthly costs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

U.S. market returns to growth with 23% revenue increase, EMEA and APAC each grew 50%

OTTAWA, ON, Nov. 6, 2026 /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, 2026. Management will hold an investors' conference call later today (at 9 a.m. Eastern Time) to discuss the results.

Third Quarter 2026 Business Summary:

(Third quarter 2026 results for the three months ended September 30, 2026, compared to the comparable three-month period of 2025, except as otherwise noted.)

• Revenue increases 37% year-over-year to a record of $13.1 million; LiDAR sales more than double versus the year ago period.
• U.S. GAAP Net income of $1.5 million compared to net income of $1.0 million in the third quarter of last year, driven by revenue growth and diligent investments in innovative security solutions.
• Adjusted EBITDA reached $2.1 million, outpacing revenue growth with a 55% year-over-year increase.
• Cash and short-term bank deposits balance of $8.4 million, excluding restricted cash of $0.1 million, and the Company had no debt as of September 30, 2026, compared with $22.5 million cash balance as of December 31, 2025.

Mr. Fabien Haubert, Chief Executive Officer of Senstar Technologies, stated, "Our strategic focus on scalable deployments, structural revenue conversion and the full integration of Blickfeld drove accelerated revenue growth in the third quarter. Sustained customer demand and the strength of our offering position us well for continued growth. The quarter was a record for Senstar, with revenue rising 37% supported by holistic growth across our core verticals and geographic markets. The U.S. market returned to growth with revenue up 23% following a slow start to the year as U.S. government spending returned to pre-shutdown levels, EMEA and APAC each grew 50%, LiDAR sales expanded rapidly, and our profitability continues to advance. This broad-based performance reflects the customer demand and favorable market trends in the critical and non-critical infrastructure security markets we target, driven in part by LiDAR and fiber demand, and the successful execution of our business development efforts to deepen existing customer relationships and win new customers."

Mr. Haubert continued, "Blickfeld has become a key competitive differentiator for Senstar, with LiDAR sales more than doubling year-over-year and Blickfeld delivering its second consecutive quarter of EBITDA profitability.  Blickfeld's successful integration into Senstar's infrastructure is accelerating growth and broadening our reach across security and non-security offerings, opening verticals we did not previously address and significantly expanding our addressable market within the ones we already serve. Our pipeline is quickly expanding with multiple demonstrations and proof-of-concept projects underway worldwide. This far-reaching growth reflects the strength of our customer relationships, global team, and differentiated technology portfolio. With expanding opportunities across our core verticals and markets, the LiDAR market's notable growth trajectory, and advanced portfolio of innovative solutions, we believe Senstar is well positioned to pursue further growth."

Third Quarter 2026 Financial Results Summary

Revenue for the third quarter of 2026 was $13.1 million, an increase of 37% compared with $9.5 million in the third quarter of 2025. Third quarter gross profit was $8.7 million, or 66.3% gross margin, compared with $6.4 million, or 67.3% of revenue, in the year-ago quarter. The variation in gross margin was primarily due to product mix.

Operating expenses were $6.8 million, an increase of 29% compared to the prior year's third quarter operating expenses of $5.2 million. Of the $1.5 million increase, approximately $1.3 million related to the integration of Blickfeld, and the remaining $0.2 million reflected a bad debt reserve related to a specific customer receivable. Excluding these items, operating expenses were essentially flat year over year, reflecting the Company's continued focus on disciplined cost management to support sustainable long-term growth.

Third quarter of 2026 operating income of $1.9 million compares to operating income of $1.1 million in the year-ago period. The increase is primarily attributable to revenue growth and higher contribution of LiDAR sales.

Financial loss was $126,000 for the third quarter of 2026, compared with financial income of $282,000 in the third quarter last year.

Net income in the third quarter of 2026 was $1.5 million, or $0.07 per share, compared to net income of $1.0 million, or $0.04 per share in the third quarter of last year.

Adjusted EBITDA for the third quarter of 2026 was $2.1 million versus $1.3 million in the third quarter of 2025.

Cash and cash equivalents and short-term bank deposits of $8.4 million, or $0.36 per share as of September 30, 2026, excluding restricted cash of $0.1 million, compared with $22.5 million, or $0.96 per share, at December 31, 2025.

The purchase accounting for the Blickfeld acquisition remains preliminary while the Company completes the valuation of acquired inventory, fixed assets and identifiable intangible assets. The resulting allocation may affect cost of sales, depreciation and amortization, and reported results. The Company is assessing the amounts and timing of those effects, including the impact, if any, on previously reported periods.

The measure previously referred to as EBITDA is now labeled Adjusted EBITDA. The revised label and separate presentation of foreign-exchange adjustments do not change the previously reported amounts. Adjusted EBITDA is a non-GAAP financial measure calculated by adjusting net income for net financial income or expense, including foreign-exchange gains and losses, income taxes, depreciation and amortization.

Adjusted EBITDA is a supplemental measure and should not be considered in isolation or as a substitute for net income or other measures prepared in accordance with U.S. GAAP. Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. A reconciliation of Adjusted EBITDA to net income is provided in the tables below.

Earnings Conference Call Information:

The Company will host a conference call later today, November 06, 2026. The call will begin promptly at 9:00 a.m. Eastern Time. The Company requests that participants dial in 10 minutes before the conference call commences and use the conference ID number 13762790.

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=1777045&tp_key=698e2ce154

Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13762790

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 those risks discussed under the heading "Risk Factors" in Senstar's most recent Annual Report on Form 20-F filed with 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.

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

IR Contact:
Hayden IR
Corbin Woodhull,
Managing Director
Corbin@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,
	2026		2025	% change		2026		2025		% change
Revenue	13,058		9,500	37		31,589		27,602		14
Cost of revenue	4,398		3,108	42		11,372		9,157		24
Gross profit	8,660		6,392	35		20,217		18,445		10
Operating expenses:
Research and development, net	1,422		812	75		3,858		2,612		48
Selling and marketing	3,105		2,335	33		8,462		7,052		20
General and administrative	2,228		2,097	6		6,252		5,613		11
Total operating expenses	6,755		5,244	29		18,573		15,277		22
Operating income (loss)	1,904		1,148			1,644		3,168
Financial income (expenses), net	(126)		282			(114)		221
Income (loss) before income taxes	1,778		1,430			1,530		3,389
Taxes on income (tax benefits)	249		424			481		140
Net income (loss)	1,528		1,006			1,049		3,249
Basic and diluted net income (loss) per share	$0.07		$0.04			$0.04		$0.14
Weighted average number of shares used in computing basic net income (loss) per share	23,331,653		23,331,653			23,331,653		23,328,851
Weighted average number of shares used in computing diluted  net income (loss) per share	23,331,653		23,545,277			23,368,707			23,405,510

SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS
	Three Months Ended September 30,					Nine Months Ended September 30,
	2026 %		2025 %			2026 %		2025 %
Gross margin	66.3		67.3			64.0		66.8
Research and development, net as a % of revenues	10.9		8.5			12.2		9.5
Selling and marketing as a % of revenues	23.8		24.6			26.8		25.5
General and administrative as a % of revenues	17.1		22.1			19.8		20.3
Operating margin	14.6		12.1			5.2		11.5
Net margin	11.7		10.6			3.3		11.8

 

SENSTAR TECHNOLOGIES CORPORATION RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME (LOSS) PREPARED IN ACCORDANCE WITH U.S. GAAP (All numbers expressed in thousands of US$)
		Three Months Ended September 30,					Nine Months Ended September 30,
		2026		2025			2026		2025
U.S. GAAP net income (loss)		1,528		1,006			1,049		3,249
Add: Financial expense, net		21		-			5		-
Less: Financial income, net		-		(98)			-		(193)
Add: Foreign Exchange Losses Less: Foreign Exchange Gains Add: Taxes on income		105 - 249		- (184) 424			109 - 481		- (28) 140
Less: Tax benefits		-		-			-		-
Add: Depreciation and amortization		149		174			557		500
ADJUSTED EBITDA		2,052		1,322			2,201		3,668

 

SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All numbers expressed in thousands of US$)
		September 30,		December 31,
		2026		2025
CURRENT ASSETS:
Cash and cash equivalents		$8,295		$22,341
Short-term bank deposits		122		127
Restricted cash and deposits		109		6
Trade receivables, net		13,340		9,840
Unbilled accounts receivable		140		219
Other accounts receivable and prepaid expenses		2,689		2,710
Inventories		7,547		5,591
Total current assets		32,242		40,834
LONG TERM ASSETS:
Deferred tax assets		313		671
Operating lease right-of-use assets		488		549
Total long-term assets		801		1,220
PROPERTY AND EQUIPMENT, NET		2,505		1,622
INTANGIBLE ASSETS AND GOODWILL		19,261		10,991
TOTAL ASSETS		$54,809		$54,668

 

SENSTAR TECHNOLOGIES CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All numbers expressed in thousands of US$)
		September 30,		December 31,
		2026		2025
CURRENT LIABILITIES:
Trade payables		$2,030		$1,889
Deferred revenues and customer advances		2,648		2,884
Other accounts payable and accrued expenses		3,805		3,993
Short-term operating lease liabilities		372		269
Total current liabilities		8,855		9,035
LONG-TERM LIABILITIES:
Deferred revenues		1,535		1,510
Deferred tax liabilities		560		580
Long-term operating lease liabilities		119		289
Other long-term liabilities		168		38
Total long-term liabilities		2,382		2,417
SHAREHOLDERS' EQUITY
Share Capital: Common shares - 39,748,000 shares authorized -
No par value, 23,331,653 shares issued and outstanding at September 30, 2026 and at December 31, 2025		-		-
Additional paid-in capital		38,220		38,005
Accumulated other comprehensive income (loss)		(538)		(507)
Foreign currency translation adjustments (stand-alone financial statements)		8,788		9,664
Accumulated deficit		(2,898)		(3,946)
TOTAL SHAREHOLDERS' EQUITY		43,572		43,216
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$54,809		$54,668

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/senstar-technologies-corporation-reports-third-quarter-2026-financial-results-302931994.html

SOURCE Senstar Technologies Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Senstar's third-quarter 2026 revenue and earnings?

Senstar reported $13.1 million in revenue and GAAP net income of $1.528 million, or $0.07 per share, for the quarter ended September 30, 2026. Revenue increased 37% year over year, while net income compared with $1.006 million, or $0.04 per share, a year earlier.

Why did Senstar's third-quarter 2026 operating expenses increase?

Third-quarter operating expenses increased with approximately $1.3 million related to Blickfeld integration and a $0.2 million bad-debt reserve for a specific customer receivable. Excluding these items, operating expenses were essentially flat year over year.

What remains unfinished in Senstar's Blickfeld acquisition accounting?

Senstar is completing valuations of acquired inventory, fixed assets and identifiable intangible assets, so the purchase accounting remains preliminary. The allocation may affect cost of sales, depreciation and amortization, and reported results. The company is assessing the amounts and timing, including any impact on previously reported periods.

How does Senstar calculate adjusted EBITDA?

Senstar calculates adjusted EBITDA by adjusting net income for net financial income or expense, including foreign-exchange gains and losses, income taxes, depreciation and amortization. The measure was previously labeled EBITDA; the revised label and separate foreign-exchange presentation do not change previously reported amounts. It is a non-GAAP measure, not a substitute for GAAP net income.