Indicate by check mark whether the registrant files
or will file annual reports under cover Form 20-F or Form 40-F.
This Form 6-K and its exhibit (except the quotes in the third and fourth
paragraphs) are being incorporated by reference into the Registrant’s Form S-8 Registration Statements File No. 333-286710 and 333-282348.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
|
Senstar Technologies Corporation |
|
|
| 119 John Cavanaugh Drive |
|
T: +1-613-839-5572 |
| Ottawa, ON |
|
|
| Canada K0A 1L0 |
|
www.senstar.com |
Senstar Technologies
Corporation
Reports Third
Quarter 2026 Financial Results
U.S. market returns to growth with 23% revenue
increase, EMEA and APAC each grew 50%
Ottawa, Ontario, November 06, 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: |
IR Contact: |
| Senstar Technologies Corporation |
Hayden IR |
| Alicia Kelly, |
Corbin Woodhull, |
| Chief Financial Officer |
Managing Director |
| Alicia.Kelly@senstar.com |
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$)
| | |
Three Months Ended September 30, | | |
Nine Months Ended September 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| U.S. GAAP net income (loss) | |
| 1,528 | | |
| 1,006 | | |
| 1,049 | | |
| 3,249 | |
| Add: Financial expense, net | |
| 21 | | |
| - | | |
| 5 | | |
| - | |
| Less: Financial income, net | |
| - | | |
| (98 | ) | |
| - | | |
| (193 | ) |
| Add: Foreign Exchange Losses | |
| 105 | | |
| - | | |
| 109 | | |
| - | |
| Less: Foreign Exchange Gains | |
| - | | |
| (184 | ) | |
| - | | |
| (28 | ) |
| Add: Taxes on income | |
| 249 | | |
| 424 | | |
| 481 | | |
| 140 | |
| Less: Tax benefits | |
| - | | |
| - | | |
| - | | |
| - | |
| Add: Depreciation and amortization | |
| 149 | | |
| 174 | | |
| 557 | | |
| 500 | |
| ADJUSTED EBITDA | |
| 2,052 | | |
| 1,322 | | |
| 2,201 | | |
| 3,668 | |
SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE
SHEETS
(All numbers expressed in thousands of US$)
| | |
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 | |
Page 9