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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 ...
Magal S3(SNT) - 2021 Q1 - Earnings Call Transcript
2021-05-24 17:37
Magal Security Systems Ltd. (MAGS) Q1 2021 Earnings Conference Call May 24, 2021 10:00 AM ET Company Participants Brett Maas - Hayden IR Dror Sharon - CEO Kobi Vinokur - CFO Conference Call Participants Mike Distler - Amnx Holdings Sal DeTurris - Private Investor Operator Greetings and welcome to the Magal Security Systems Ltd. First Quarter 2021 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] ...
Magal S3(SNT) - 2020 Q4 - Annual Report
2021-04-26 18:04
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, 2020 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) - 2020 Q4 - Earnings Call Transcript
2021-04-06 18:08
Magal Security Systems Ltd. (MAGS) Q4 2020 Earnings Conference Call April 6, 2021 10:00 AM ET Company Participants Brett Maas - Investor Relations Dror Sharon - Chief Executive Officer Kobi Vinokur - Chief Financial Officer Operator Greetings and welcome to the Magal Security Systems Fourth Quarter and Year End 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brett Maas of Hayden IR. Thank you, sir. You may ...
Magal S3(SNT) - 2020 Q3 - Earnings Call Transcript
2020-11-16 17:52
Magal Security Systems Ltd. (MAGS) Q3 2020 Earnings Conference Call November 16, 2020 10:00 AM ET Company Participants Kim Rogers - Hayden, IR Dror Sharon - CEO Kobi Vinokur - CFO Conference Call Participants Unidentified Analyst - Sam Rebotsky - SER Asset Management Operator Greetings and welcome to the Magal Security Systems Ltd Third Quarter 2020 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instruction ...
Magal S3(SNT) - 2020 Q2 - Earnings Call Transcript
2020-08-13 20:20
Magal Security Systems Ltd. (MAGS) Q2 2020 Earnings Conference Call August 13, 2020 10:00 AM ET Company Participants Brett Maas - Managing Partner, Hayden, Investor Relations Dror Sharon - Chief Executive Officer Kobi Vinokur - Chief Financial Officer Conference Call Participants Sam Rebotsky - SER Asset Management Ken Liddy - Oppenheimer Operator Greetings, ladies and gentlemen and welcome to the Magal Security Systems Ltd Second Quarter 2020 Earnings Conference Call. [Operator Instructions] As a reminder, ...
Magal S3(SNT) - 2020 Q1 - Earnings Call Transcript
2020-05-16 04:50
Magal Security Systems Ltd. (MAGS) Q1 2020 Earnings Conference Call May 14, 2020 10:00 AM ET Company Participants Brett Maas - Investor Relations Dror Sharon - Chief Executive Officer Kobi Vinokur - Chief Financial Officer Conference Call Participants Todd Schefflin - Private Investor Sherman Willis - Private Investor Sam Rebotsky - SER Asset Management Ken Liddy - Oppenheimer Operator Greetings, ladies and gentlemen and welcome to the Magal Securities First Quarter 2020 Earnings Conference Call. [Operator ...