Senstar Technologies (NASDAQ:SNT) Issues Earnings Results

Senstar Technologies (NASDAQ:SNT) released its quarterly earnings data on Friday. The industrial products company reported $0.07 EPS for the quarter, Zacks reports. The firm had revenue of $13.06 million during the quarter. Senstar Technologies had a net margin of 1.34% and a return on equity of 1.16%.

Here are the key takeaways from Senstar Technologies’ conference call:

• Positive Sentiment: Third-quarter revenue rose 37% year over year to a record $13.1 million, with growth across Senstar’s core regions and verticals. Operating income increased to $1.9 million from $1.1 million, while adjusted EBITDA rose 55% to $2.1 million.
• Positive Sentiment: LiDAR sales more than doubled year over year and accounted for 20% of third-quarter sales; Blickfeld was adjusted EBITDA profitable for a second consecutive quarter. Senstar cited a growing pipeline and new applications in security, industrial monitoring, and traffic.
• Positive Sentiment: U.S. revenue returned to growth as correction activity recovered to pre-shutdown levels, while demand also strengthened in utilities, data centers, and other target markets. Management said it expects correction to remain a strong vertical.
• Negative Sentiment: Cash and short-term deposits were $8.4 million at quarter-end, down from $22.5 million at year-end, primarily reflecting the cash-funded Blickfeld acquisition; Senstar reported no debt. Operating expenses rose 29%, including acquisition integration costs and a $200,000 bad-debt reserve, and the acquisition’s purchase accounting remains preliminary.

Senstar Technologies Stock Performance

Shares of SNT stock traded up $0.60 on Friday, hitting $1.90. The company’s stock had a trading volume of 6,200,408 shares, compared to its average volume of 58,651. The stock’s 50 day moving average is $1.56 and its 200-day moving average is $2.42. Senstar Technologies has a fifty-two week low of $1.28 and a fifty-two week high of $4.95. The company has a market capitalization of $44.33 million, a PE ratio of 95.05 and a beta of 2.31.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Senstar Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Senstar Technologies

Senstar Technologies Ltd. (NASDAQ: SNT) is a security technology company that develops and supplies solutions designed to protect critical infrastructure, industrial facilities, government sites and other high-security environments. Its offerings are intended to help organizations detect, assess and respond to physical security threats across perimeter and site operations.

The company’s product portfolio includes perimeter intrusion detection systems, intelligent video surveillance and management software, security management platforms, access control solutions and related security sensors.