Senstar Technologies Corporation Reports Third Quarter 2025 Financial Results

Core Viewpoint - Senstar Technologies Corporation reported its financial results for the third quarter of 2025, highlighting a slight decline in revenue but an overall positive trend in year-to-date performance, particularly in high-value verticals such as Corrections and Energy [2][3]. Financial Performance - Revenue for Q3 2025 was $9.5 million, a decrease of 2.1% from $9.7 million in Q3 2024 [3][6]. - Gross profit for the third quarter was $6.4 million, resulting in a gross margin of 67.3%, compared to $6.6 million and 68.0% in the same quarter last year [3][6]. - Operating expenses rose to $5.2 million from $4.8 million in Q3 2024, primarily due to increased general and administrative costs related to strategic growth consulting [4][6]. - Operating income decreased to $1.1 million from $1.8 million year-over-year, influenced by the aforementioned consulting costs [4][6]. - Net income for Q3 2025 was $1.0 million, or $0.04 per share, down from $1.3 million, or $0.06 per share, in Q3 2024 [5][6]. - Year-to-date revenue increased by 8% compared to the same period in 2024, with year-to-date net income rising to $3.2 million from $1.0 million [6]. Operational Highlights - The company maintained a gross margin above targets, reflecting the effectiveness of its differentiated technology and operational efficiency [2]. - A robust pipeline and diversified geographic presence, along with a debt-free balance sheet featuring $21.7 million in cash, position the company for sustainable growth [2][6]. Market Position - Senstar is experiencing growth in its core verticals, particularly in Corrections and Energy, driven by increased investment in infrastructure protection globally [2]. - The company is gaining market share and strengthening its momentum in Utilities, Transport, and Data Centers through the adoption of advanced perimeter security solutions [2].