Connect with us

Technology

Senstar Technologies Corporation Reports First Quarter 2025 Financial Results

Published

on

OTTAWA, ON, May 27, 2025 /PRNewswire/ — Senstar Technologies Corporation (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 months ended March 31, 2025. Management will hold an investors’ conference call later today (at 5 p.m. Eastern Time) to discuss the results.

 

 

First Quarter 2025 Business Summary:

(First quarter 2025 results for the three months ended March 31, 2025, compared to the comparable three-month period of 2024, except as mentioned.)

Revenue of $8.4 million with gross margin of 67.2% versus revenue of $7.5 million with gross margin of 59.6%.Net income of $1.0 million versus a net loss of ($0.7) million; EBITDA of $1.2 million versus EBITDA of $114,000.Cash and short-term bank deposits balance of $22 million and no debt as of March 31, 2025, compared with $20.6 million as of December 31, 2024.

Mr. Fabien Haubert, Chief Executive Officer of Senstar Technologies, stated, “Senstar delivered a notable start to 2025, with double-digit revenue growth, a 752 basis point improvement in gross margin and over a 1,277 basis point expansion in EBITDA margin to 14.3% for the first quarter, reflecting the scalability of our model and disciplined execution. We achieved strong results across our core verticals, namely Corrections, Energy and Logistics, and experienced growing global demand for our MultiSensor solution. With our Business Development team now fully in place and focused on high-growth verticals, we are well positioned to expand our market presence and drive sustainable momentum moving forward.” 

First Quarter 2025 Financial Results Summary

Revenue for the first quarter of 2025 was $8.4 million, an increase of 12.5% compared with $7.5 million in the first quarter of 2024.  First quarter gross profit was $5.7 million, or 67.2% of revenue, compared with $4.5 million, or 59.6% of revenue, in the year ago quarter. The increase in gross margin was primarily due to a well-balanced product mix, component and design cost optimization and efficient cost control.

Operating expenses were $4.6 million, an increase of 2% compared to the prior year’s first quarter operating expenses of $4.5 million. The increase in operating expenses is primarily attributable to targeting marketing and selling spend in core growth verticals, positively offset by R&D investment optimization.

Operating income for the first quarter of 2025 was $1.0 million compared to an operating loss of $73,000 in the year-ago period. The improvement is primarily attributable to increased revenue and gross margin expansion.

Financial income was $269,000 compared to $54,000 in the first quarter last year.

Net income in the first quarter of 2025 was $1.0 million, or $0.04 per share compared to a loss of ($0.7) million, or ($0.03) per share, in the first quarter of last year.

EBITDA for the first quarter of 2025 was $1.2 million versus $114,000 in the first quarter of 2024.

Cash and cash equivalents and short-term bank deposits of $22 million, or $0.94 per share as of March 31, 2025, compared with $20.6 million, or $0.88 per share, at December 31, 2024.  

Earnings Conference Call Information:

The Company will host a conference call later today, May 27, 2025. The call will begin promptly at 5:00 p.m. Eastern Time. The Company requests that participants dial in 10 minutes before the conference call commences and use the conference ID number 13753875.

Participant Dial-in Numbers:
Toll Free: 1-877-407-9716
Toll/International: 1-201-493-6779

The conference call will also be available via a live webcast at:
https://viavid.webcasts.com/starthere.jsp?ei=1720224&tp_key=5654aa67a6

Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13753875

About Senstar Technologies Corporation

With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance, and unify support. For 40 years, Senstar has been safeguarding people, places, and property for organizations around the world, with a special focus on utilities, logistics, correction facilities and energy markets.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario), which we refer to collectively as forward-looking statements. These forward-looking statements are not limited to historical facts, but reflect Senstar’s current beliefs, expectations or intentions regarding future events. Words such as “may,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “seek,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” and similar expressions are intended to identify such forward-looking statements. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including the effect of tariffs imposed by governments in countries in which we operate and those risks discussed under the heading “Risk Factors” in Senstar’s most recent Annual Report on Form 20-F filed with the SEC and in other filings with the SEC. These forward-looking statements are made only as of the date hereof, and, except as required by applicable law or regulation, Senstar undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Logo: https://mma.prnewswire.com/media/1713105/3503459/Senstar_Technologies_Logo.jpg

For more information:
Senstar Technologies Corporation
Alicia Kelly
Chief Financial Officer
alicia.kelly@senstar.com                                                    

IR Contact:
Hayden IR
Kim Rogers
Managing Director
kim@haydenir.com 
+1-541-904-5075

— Tables follow –

 

 

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(All numbers except EPS expressed in thousands of US$)

Three Months

Ended March 31,

2025

2024

%
change

Revenue

8,448

7,511

12

Cost of revenue

2,775

3,032

(8)

Gross profit

5,673

4,479

27

Operating expenses:

   Research and development, net

900

982

(8)

   Selling and marketing

2,265

2,095

8

   General and administrative

1,461

1,475

(1)

Total operating expenses

4,626

4,552

2

Operating income (loss)

1,047

(73)

Financial income (expenses), net

269

54

Income (loss) before income taxes

1,316

(19)

Taxes on income (tax benefits)

297

727

Net income (loss)

1,019

(746)

Basic and diluted net income (loss) per share

$0.04

($0.03)

Weighted average number of shares used in computing
basic net income (loss) per share

23,326,653

23,309,987

Weighted average number of shares used in computing
diluted net income (loss) per share

23,332,362

23,309,987

 

 

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS
(All numbers except EPS expressed in thousands of US$)

Three Months

Ended March 31,

2025

%

2024

%

Gross margin

67.2

59.6

Research and development, net as a % of revenues

10.7

13.1

Selling and marketing as a % of revenues

26.8

27.9

General and administrative as a % of revenues

17.3

19.6

Operating margin

12.4

Net margin 

12.1

 

 

 

SENSTAR TECHNOLOGIES CORPORATION
RECONCILIATION OF EBITDA TO NET INCOME (LOSS)
(All numbers expressed in thousands of US$)

Three Months

Ended March 31,

2025

2024

GAAP income (loss)

1,019

(746)

   Less:

   Financial income (expenses), net

269

54

   Taxes on income (tax benefits)

297

727

   Depreciation and amortization

(160)

(187)

EBITDA

1,207

114

 

 

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)

March 31,

December 31,

2025

2024

CURRENT ASSETS:

Cash and cash equivalents

$21,879

$20,466

Short-term bank deposits

116

111

Restricted cash and deposits

5

5

Trade receivables, net

8,565

10,306

Unbilled accounts receivable

252

228

Other accounts receivable and prepaid expenses

2,298

2,161

Inventories

5,231

4,957

Total current assets

38,346

38,234

 

Long term ASSETS:

Deferred tax assets

1,310

1,158

Operating lease right-of-use assets

463

528

Total long-term assets

1,773

1,686

PROPERTY AND EQUIPMENT, NET

1,454

1,328

INTANGIBLE ASSETS, NET

385

468

GOODWILL

10,399

10,360

Total assets

$52,357

$52,076

 

 

 

SENSTAR TECHNOLOGIES CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)

March 31,

December 31,

2025

2024

CURRENT LIABILITIES:

Trade payables

$2,047

$2,689

Deferred revenues and customer advances

2,712

3,044

Other accounts payable and accrued expenses

6,169

6,433

Short-term operating lease liabilities

237

254

Total current liabilities

11,165

12,420

LONG-TERM LIABILITIES:

Deferred revenues

1,373

1,171

Deferred tax liabilities

450

443

Long-term operating lease liabilities

248

296

Other long-term liabilities

62

70

Total long-term liabilities

2,133

1,980

SHAREHOLDERS’ EQUITY

 

Share Capital: Common shares – 39,748,000 shares authorized –

No par value, 23,326,653 shares issued and outstanding at March 31, 2025
and at December 31, 2024

Additional paid-in capital

37,527

37,377

Accumulated other comprehensive income (loss)

(796)

(980)

Foreign currency translation adjustments (stand-alone financial statements)

8,472

8,442

Accumulated deficit

(6,144)

(7,163)

TOTAL SHAREHOLDERS’ EQUITY

39,059

37,676

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$52,357

$52,076

 

 

View original content:https://www.prnewswire.com/news-releases/senstar-technologies-corporation-reports-first-quarter-2025-financial-results-302465998.html

SOURCE Senstar Technologies Corporation

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Vipboss Marks Earth Day with Renewed Commitment to Green Energy Solutions

Published

on

By

NEW YORK, April 18, 2026 /PRNewswire/ — As Earth Day draws global attention to environmental responsibility, Vipboss, a specialist manufacturer and developer of lithium iron phosphate (LiFePO4) battery packs for energy storage and mobility applications, is underscoring its long‑term commitment to sustainable energy practices through its Environmental Advocacy. This advocacy is devoid of ornate language; its inspiration stems from the brand’s unwavering conviction in LiFePO4 batteries as a green energy solution. To align this message with practical action, the brand is also running a themed sales campaign on its official website during April 18th to 30th. It highlights how practical product solutions, rather than abstract concepts, can support cleaner energy use in everyday life.

Across the world, energy consumption patterns are undergoing rapid change. Households, outdoor users, and light‑mobility sectors are increasingly seeking energy systems that are safe, sustainable, and low‑emission. Within this shift, LiFePO4 batteries have emerged as a preferred technology for clean‑energy applications. Their long service life, high safety profile, and absence of cobalt, which is an element associated with higher environmental and ethical risks, position them as a responsible choice in the global transition toward greener power.

LiFePO4 technology forms the foundation of Vipboss’s approach to sustainable energy. Its extended cycle life reduces the frequency of battery replacement, lowering resource consumption and easing the environmental burden associated with disposal. The material’s inherent stability also minimizes the risk of thermal runaway, offering a safer experience in homes, recreational vehicles, and public environments. In practical use cases such as home backup systems, RV travel, and golf‑course operations, LiFePO4 batteries deliver efficient storage and stable output, helping reduce reliance on fossil‑fuel‑based energy sources and supporting lower‑carbon lifestyles.

Vipboss’s environmental advocacy extends beyond the technical advantages of its products. The brand promotes responsible energy use as an integral part of sustainable living, emphasizing that product design and informed application must work together to achieve meaningful environmental outcomes. As a provider of energy solutions for home, travel, and leisure scenarios, Vipboss continues to participate in the long‑term process of green transformation through ongoing technological refinement and product evolution.

Earth Day serves as a reminder that lasting environmental impact is built through small, consistent actions. Looking ahead, Vipboss will continue advancing safer, more durable, and more efficient energy products that support individuals and families in adopting more sustainable energy habits. Through these efforts, the brand aims to contribute enduring value to the wider adoption of clean energy and the collective pursuit of a more sustainable future.

About Vipboss

Vipboss is a specialist in the lithium battery industry, focusing on the research, production, and manufacturing of lithium iron phosphate (LiFePO4) battery packs. The company is committed to advancing battery technology with an emphasis on reliable performance, safety, and extended service life. Its mission is to deliver safe, efficient, and environmentally responsible energy solutions that contribute to a cleaner, more sustainable future.

For more information, please visit: https://vipbosspower.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vipboss-marks-earth-day-with-renewed-commitment-to-green-energy-solutions-302746462.html

SOURCE Vipboss

Continue Reading

Technology

Pastor Dino Rizzo Marks 100 Days to Serve Day Ahead of Global Outreach Initiative

Published

on

By

Pastor Dino Rizzo highlighted the milestone of 100 days until Serve Day 2026, as thousands of churches prepare to serve their communities through coordinated acts of kindness on July 11.

BIRMINGHAM, Ala., April 18, 2026 /PRNewswire/ — Pastor Dino Rizzo joined church leaders and teams on April 2 to mark 100 days until Serve Day 2026, a global outreach initiative set for July 11. The milestone brings together more than 2,900 churches preparing to serve their local communities through practical acts of kindness and outreach.

Serve Day, led by many churches within the Association of Related Churches, provides a coordinated opportunity for churches worldwide to engage their cities and demonstrate their faith through service. Pastor Dino Rizzo, who serves as Executive Director of ARC, emphasized the significance of the initiative as both a single-day event and a broader movement.

“Serve Day provides churches across the world with opportunities to serve their local communities and share the love of God through practical acts of kindness,” Rizzo said. “Our hope is that serving others becomes our focus throughout the year.”

The April 2 milestone reflects growing participation and anticipation among churches globally. Leaders are currently equipping teams, organizing projects, and connecting with local communities in preparation for July. Churches that join the initiative gain access to resources, including the Serve Day playbook, monthly leadership calls, and a private online community designed to support collaboration and planning.

Pastor Dino Rizzo has long championed the role of service within the church through the Servolution movement. Introduced through his 2009 book Servolution: Starting a Church Revolution Through Serving, the concept calls churches to embed serving into their culture rather than limit it to occasional events. The message has since influenced hundreds of churches across multiple countries, including the United States, Peru, New Zealand, and Poland.

“Serving is not just about an event. It is about building a culture where meeting needs and reaching people becomes part of who we are,” Rizzo has shared in previous teachings, reinforcing the long-term vision behind initiatives like Serve Day.

In addition to leading Serve Day, Pastor Dino Rizzo continues his work with ARC, which has planted over 1200 churches and continues to train and equip new church leaders. His involvement in conferences, leadership development, and global outreach initiatives reflects a consistent focus on sustainable church growth and community impact.

Churches interested in participating in Serve Day 2026 can learn more through ARC’s official website and access resources designed to support local outreach efforts.

About Pastor Dino Rizzo

Pastor Dino Rizzo is a pastor, author, and church leader known for his emphasis on service, leadership, and healthy church culture. He serves as Executive Director of the Association of Related Churches, an organization that has helped launch hundreds of churches worldwide. Rizzo is also the author of Servolution, a book that has inspired a global movement centered on serving others as a core expression of faith.

Media Contact
Organization: Mercury News Media
Email: info@mercurynewsmedia.com
Phone: 303 800 6186
Website:
https://www.mercurynewsmedia.com/
Contact Name: Jessica Brown

View original content:https://www.prnewswire.com/news-releases/pastor-dino-rizzo-marks-100-days-to-serve-day-ahead-of-global-outreach-initiative-302746143.html

SOURCE Dino Rizzo

Continue Reading

Technology

WOMEN in the Spotlight! The 2026 Yiwugo Top Boss Ladies Awards Gala Held

Published

on

By

YIWU, China, April 18, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. In the bright and warm days of April, with spring in full bloom, the grand ballroom on the third floor of the Yiwu Marriott Hotel was a vibrant gathering. Outstanding female entrepreneurs from various sections of the Yiwu Market gathered in their elegant attire to share the glorious moment of the 2026 Yiwugo Top Boss Ladies Awards Gala. The selection campaign, launched on March 8, attracted thousands of female entrepreneurs from the Yiwu Market. Voting was conducted across the Yiwugo app, official WeChat accounts, and the website. The evaluation criteria continued to cover multiple dimensions, including Business Excellence and Image Excellence, aiming to fully showcase the achievements of Yiwugo’s female entrepreneurs and their enterprises in areas such as digital transformation, overseas market expansion, and global supply chain integration.

Ultimately, the title of 2026 Yiwugo Top Boss Ladies was awarded to: Fu Jiangyan (Zhangweichao Socks Firm), Xu Xiaohui (Little Bee Towels), Peng Jirong (Dongyang Jirong Plastic Industrial Co., Ltd), Li Chuanzhi (Chengfa Tableware Firm), Wang Xiaohong (Yiwu Aishang Daily Necessities Factory), Bao Qiaoli (Bole Plush Pendant Toy), Li Hong (Yiwu Hanbang Daily Necessities Firm), Wu Yajun (Ziyi Stationery Firm), Wang Chunxing (Butterfly Fly Lace Firm), and Zheng Huili (Yiwu Lihong household products Co., Ltd).

In addition, twenty other entrepreneurs, including He Wenjuan (Zhihua Jewelry Box), Jin Chengfeng (Lanmo Textile Co., Ltd), Cui Yanping (Xin Tai Yang Shower Curtain And Towel Factory), and Zhang Huoqing (Happy Sisters Plush Toy), received the Top Boss Ladies Nomination award.

“Women hold up half the sky” – nowhere is this more evident than in the Yiwu Market. To showcase the entrepreneurial spirit and “she-power” of female business owners in the market, Yiwugo launched the Top Boss Ladies Awards in 2016. To date, this campaign has been held for 11 consecutive years, becoming one of the benchmark activities in the Yiwu Market.

Over the years, driven by this campaign, participating female entrepreneurs have become increasingly active, with nearly 700 Top Boss Ladies recognized. They have not only steadfastly managed their shops but have also leveraged their unique empathy and customer insight as female entrepreneurs to drive comprehensive brand upgrades, from product innovation to communication methods, breathing new life into traditional brands in the new era.

Amid the surging digital wave, artificial intelligence is reshaping industries at unprecedented speed and scale. This year’s Top Boss Ladies winners and nominees have bravely stepped into the spotlight, keeping pace with the times, actively embracing evolving business models and technological change. By replacing experience with data, using digital platforms to break geographical boundaries, and leveraging digital intelligence to break through development bottlenecks, they are driving a transition from OEM exports to global branding.

Fu Jiangyan of Zhangweichao Socks Firm is a typical example. Having shifted from initially waiting for customers to now skillfully using AI tools and mastering live streaming and short videos, she has used the platform as a lever to swiftly move her traditional foreign trade enterprise into a new stage of digital-intelligent trade, applying new technologies and business models to enhance enterprise development.

This year marks the 20th anniversary of the introduction of the Yiwu Development Experience. Over the past two decades, the Yiwu Market has completed its iterative upgrade from market stalls to a global digital trade center. Generations of business owners have transformed from street stall vendors into modern commercial entities, achieving a deep integration of personal growth with the market’s development. Yiwugo, always in sync with the rhythm of the Yiwu Market, will continue to focus on its female entrepreneurs, constantly uncovering their vivid and dynamic stories of striving, thoughtfully documenting the journeys of these resilient women who shine in their own quiet ways, and witnessing, supporting, and accompanying their growth and success.

As a local e-commerce platform rooted in and serving the market, Yiwugo will continue to gain deeper insights into user needs, strengthen its technological capabilities, explore cutting-edge applications, and accelerate product iteration. Amid a volatile external environment, it will connect market entrepreneurs with more global resources, helping them expand into broader international markets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/women-in-the-spotlight-the-2026-yiwugo-top-boss-ladies-awards-gala-held-302745799.html

SOURCE Yiwugo.com

Continue Reading

Trending