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Magal S3(SNT) - 2022 Q4 - Annual Report
2023-04-20 17:07
(Full year 2022 results for the twelve months ended December 31, 2022 are compared to the comparable twelve month period of 2021, except as mentioned.) Fourth Quarter 2022 Business Highlights: (Fourth quarter 2022 results for the three months ended December 31, 2022 compared to the comparable three month period of 2021, except as mentioned.) • Revenue grew to $35.6 million versus $34.9 million, with gross margin of 61% compared to 63%. • Operating expense reduced by 4% for an operating income increase of ov ...
Magal S3(SNT) - 2022 Q4 - Earnings Call Transcript
2023-04-20 15:18
Kim Rogers I would also like to acknowledge the exceptional work down by our team in navigating the COVID-19 pandemic. As the world faced these challenges, our team remains steadfast in its commitment to serving our customers, while ensuring our employees' safety and well-being. Through the [indiscernible] and the strategic action, we adapted to the changing in landscape during COVID and the supply chain challenges, which allows us to continue providing essential products and services to our customers. Alth ...
Magal S3(SNT) - 2022 Q3 - Earnings Call Transcript
2022-12-22 20:27
Senstar Technologies Ltd. (NASDAQ:SNT) Q3 2022 Earnings Conference Call December 22, 2022 10:00 AM ET Company Participants Kim Rogers - Hayden IR Dror Sharon - CEO Tomer Hay - CFO Conference Call Participants Mike Distler - AMX Operator Greetings and welcome to Senstar Technologies' Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference is being record ...
Magal S3(SNT) - 2022 Q2 - Earnings Call Transcript
2022-09-22 15:54
Senstar Technologies Ltd. (NASDAQ:SNT) Q2 2022 Results Conference Call September 22, 2022 10:00 AM ET Company Participants Doron Kerbel - Company Secretary & V.P. General Counsel Dror Sharon - Chief Executive Officer Tomer Hay - Chief Financial Officer Operator Greetings. Welcome to Senstar Technologies Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this confer ...
Magal S3(SNT) - 2022 Q1 - Earnings Call Transcript
2022-05-26 17:16
Senstar Technologies Ltd. (NASDAQ:SNT) Q1 2022 Earnings Conference Call May 26, 2022 10:00 AM ET Company Participants Kim Rogers – Managing Director-Hayden IR Dror Sharon – Chief Executive Officer Tomer Hay – Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to Senstar TechnologiesÂ' First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions ...
Magal S3(SNT) - 2021 Q4 - Annual Report
2022-04-27 18:50
SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...
Magal S3(SNT) - 2021 Q4 - Annual Report
2022-04-27 18:18
EXHIBIT 99.1 Senstar Technologies Ltd. 10th F. Gibor Sport TowerT: +972-74-794-5200 7 Menachem Begin Road Ramat Gan 5268102, Israel www.senstartechnologies.com Senstar Technologies Reports Fourth Quarter and Full Year 2021 Financial Results Ramat Gan, Israel, April 27, 2022 – Senstar Technologies (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 twelve months ended Decem ...
Magal S3(SNT) - 2021 Q4 - Earnings Call Transcript
2022-04-27 16:07
Senstar Technologies Ltd. (NASDAQ:SNT) Q4 2021 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Dror Sharon - CEO Tomer Hay - CFO Kim Rogers - Hayden IR Conference Call Participants Ken Liddy - Oppenheimer Operator Greetings, and welcome to the Senstar Technologies Fourth Quarter and Full Year 2021 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, thi ...
Magal S3(SNT) - 2021 Q3 - Earnings Call Transcript
2021-11-16 17:28
Financial Data and Key Metrics Changes - Reported revenues for Q3 2021 were $9.3 million, an increase of 10.6% compared to $8.4 million in Q3 2020, primarily due to increased sales in the APAC region [27] - Gross profit for Q3 was $5.6 million, with a gross margin of 61%, down from 64% in the previous year, impacted by higher material costs and labor costs [10][28] - Net income for Q3 declined by $800,000, with an EBITDA margin of 12%, down from 15% in the same quarter last year [16] Business Line Data and Key Metrics Changes - The company experienced revenue growth in its four key verticals: energy, corrections, logistics, and critical infrastructure, attributed to enhanced technology-rich bids and software offerings [18] - Operating expenses increased by 10% year-over-year to $4.8 million, primarily due to increased marketing and selling expenses related to travel and trade shows [29] Market Data and Key Metrics Changes - Geographic revenue breakdown showed North America at 46% (down from 51%), Europe at 24% (down from 53%), APAC at 26% (up from 13%), and Latin America at 4% (up from 3%) [28] - Business activity is returning to pre-COVID levels in many regions, with travel restrictions being lifted and trade shows resuming, although some constraints remain in EMEA and APAC [12] Company Strategy and Development Direction - The company is focused on gross revenue from its four key verticals and plans to leverage new distribution channels through OEMs and system integrators [18] - A strategy is in place to cross-sell and up-sell products to the existing customer base, with new innovative products launched in time for the busy trade show season [17] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the outlook for 2022, expecting growth and a positive impact from new product offerings, including a thermal camera and a fusion hardware-software engine [14][15] - Supply chain challenges are anticipated to continue affecting gross margins into 2022, but gross margins are expected to remain above 60% for the full year [11] Other Important Information - Cash balance at the end of the quarter was $24 million after a $40 million cash distribution to shareholders [25] - The company is exploring M&A opportunities to bring innovative technology to support brand leadership while balancing capital allocation between R&D and strategic acquisitions [25] Q&A Session Summary - No specific questions or answers were recorded in the provided content, as the call concluded without a detailed Q&A segment [33][34]
Magal S3(SNT) - 2021 Q2 - Earnings Call Transcript
2021-08-12 16:56
Senstar Technologies Ltd (MAGS) Q2 2021 Earnings Conference Call August 12, 2021 10:00 AM ET Company Participants Brett Maas - IR Dror Sharon - CEO Tomer Hay - CFO Conference Call Participants Sam Rebotsky - SER Asset Management Operator Greetings, and welcome to the Senstar Technologies Second Quarter 2021 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brett Maas, with Hayden IR. Thank you. Please go ahead. B ...