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Senstar Technologies Corporation Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-08-25 20:10
Core Viewpoint - Senstar Technologies Corporation reported strong financial results for the second quarter of 2025, highlighting revenue growth, margin expansion, and a focus on innovation in security solutions [2][3]. Financial Performance - Revenue for Q2 2025 was $9.7 million, a 16.2% increase from $8.3 million in Q2 2024 [3][9]. - Gross profit for Q2 2025 was $6.4 million, resulting in a gross margin of 66.1%, up from 63.2% in the previous year [3][9]. - Operating income increased to $1.0 million in Q2 2025 from $0.7 million in Q2 2024, driven by higher revenue and gross margin [5][9]. - Net income for Q2 2025 was $1.2 million, or $0.05 per share, compared to $0.5 million, or $0.02 per share, in the same quarter last year [6][9]. - EBITDA for Q2 2025 was $1.1 million, a 34.6% increase from $846,000 in Q2 2024 [5][9]. Operating Expenses - Operating expenses for Q2 2025 were $5.4 million, an 18% increase from $4.6 million in Q2 2024, primarily due to nonrecurring administrative costs and increased headcount [4][9]. - Research and development expenses as a percentage of revenue decreased to 9.3% in Q2 2025 from 12.8% in Q2 2024 [15]. - General and administrative expenses increased significantly by 63% year-over-year [4][15]. Cash Position - As of June 30, 2025, cash and cash equivalents, along with short-term bank deposits, totaled $21.9 million, up from $20.6 million at the end of 2024 [6][9]. - The company reported no debt as of the latest financial statement [9]. Strategic Focus - The CEO emphasized the company's commitment to innovation and strategic investments in technology to meet the growing global demand for intelligent security solutions [2]. - Senstar aims to differentiate itself through integrated hardware and software innovations, positioning itself for long-term value creation [2].
Senstar Technologies to Report Second Quarter 2025 Results on Monday, August 25, 2025
Prnewswire· 2025-08-11 11:00
Core Insights - Senstar Technologies Corporation will report its financial results for the second quarter ended June 30, 2025, on August 25, 2025 [1] - A conference call will be held at 5:00 p.m. Eastern Time on the same day to review the financial results [1] Earnings Conference Call Information - Participants are requested to dial in 10 minutes before the conference call begins using the provided teleconferencing numbers and reference conference ID number 13754422 [2] - Toll-free dial-in number is 1-877-407-9716, and the international number is 1-201-493-6779 [3] Replay Information - A replay of the conference call will be available starting August 25, 2025, after 7:00 p.m. Eastern Time until September 8, 2025, at 11:59 p.m. Eastern Time [4] - Replay toll-free number is 1-844-512-2921, and the international number is 1-412-317-6671, with a replay pin number of 13754422 [4] Company Overview - Senstar Technologies specializes in comprehensive physical, video, and access control security products and solutions [1] - The company has been in operation for 40 years, focusing on safeguarding people, places, and property, particularly in utilities, logistics, correction facilities, and the energy market [5]