Technology

Senstar Technologies Corporation Reports First Quarter 2025 Financial Results

Published

11 months ago

May 27, 2025

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

Cost of revenue

2,775

3,032

(8)

Gross profit

5,673

4,479

Operating expenses:

Research and development, net

900

982

(8)

Selling and marketing

2,265

2,095

General and administrative

1,461

1,475

(1)

Total operating expenses

4,626

4,552

Operating income (loss)

1,047

(73)

Financial income (expenses), net

269

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

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

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

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

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SOURCE Senstar Technologies Corporation

Technology

Haloid Solutions Expands Access to Radio Equipment by Offering Flexible Financing and Leasing Solutions Named HaloidFLEX

Published

11 minutes ago

April 18, 2026

NEW YORK, April 18, 2026 /PRNewswire/ — As part of Haloid Solutions’ long-term commitment to helping businesses and municipalities acquire critical communications equipment despite budgetary constraints, Haloid now offers specialized financing and leasing programs through its HaloidFLEX program.

Designed to ensure that companies and governments have the equipment they need without costly capital expenditures outlays, HaloidFLEX offers financing for equipment purchased directly from manufacturers or local radio dealers. HaloidFLEX financing offers zero percent and low-interest options as well as predictable monthly payments for qualified buyers. HaloidFLEX clients can even opt to incorporate extended support services and protections into their financing to prepare for accidents, theft, or equipment losses. This gives companies peace of mind with one low monthly payment.

For organizations that don’t want or need to own equipment long-term, the HaloidFLEX leasing program offers similar benefits with potential tax advantages. Companies can lease brand new equipment and upgrade or return it at lease-end as needed. For companies seeking flexible options – or those that are interested in upgrading to the latest technology as it becomes available – leasing makes perfect sense.

One of the added benefits of each program is that HaloidFLEX allows clients to bundle services and protections that would normally be billed separately. Accidental damage, theft, and loss protections can be put in place, so that there’s never a lapse in communication if a radio fails. Extended warranties are also available upon request, so companies can customize their financing and protection to fit their budget and safeguard their equipment simultaneously.

According to a Haloid Solutions spokesperson, “Bundling expenses simply makes sense. It reduces the need for multiple policies and flexes with organizations to ensure critical communication equipment is available when needed while guaranteeing that the company’s investment is protected for the life of the equipment.”

HaloidFLEX financing and leasing programs are available to qualified businesses and municipalities nationwide. To learn more or request a customized quote, visit HaloidSolutions.com.

About Haloid Solutions

Haloid Solutions is the go-to resource for U.S. businesses and municipalities in search of financing and leasing for two-way radios, walkie talkies, communications equipment, accessories, and services. Focused on reliability, affordability, and performance, Haloid strives to equip professionals in all communication-based industries with the resources they need most.

For more information about Haloid Solutions, or details about the HaloidFLEX financing or leasing programs, please visit https://haloidsolutions.com/collections/lmr-radio-financing-and-leasing-and-subscription-low-cost-payment-options-for-2-way-radio-equipment or contact us on our website.

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SOURCE HALOID SOLUTIONS

Technology

CAS Holdings Appoints Patrick McDermott as Chief Executive Officer

Published

1 hour ago

April 18, 2026

Leadership Transition Positions CAS Holdings for Continued Growth and Customer-Focused Innovation

FRANKLIN, Mass., April 18, 2026 /PRNewswire/ — CAS Holdings, a leader in industrial automation distribution, engineering, and integration, is pleased to announce that Patrick McDermott has been named Chief Executive Officer.

McDermott previously served as President and Chief Revenue Officer, where he played a key role in driving growth across the organization, strengthening customer relationships, and leading teams with a clear focus on execution and results.

In his new role as CEO, McDermott will lead CAS Holdings into its next phase of growth, building on the company’s strong foundation and continued commitment to delivering value to customers, partners, and employees.

“I’m honored to step into the role of CEO at CAS Holdings,” said McDermott. “Over the past year, I’ve had the opportunity to work alongside an incredible team, support our customers, and help drive the growth of our organization. I’m excited to build on that momentum as we move into our next chapter.”

CAS Holdings, through its divisions including iAutomation and RND Automation, delivers a full spectrum of industrial automation solutions – from product distribution and technical support to custom machine building and system integration. Serving OEM machine builders and end-users, the company brings deep expertise in motion control, robotics, and vision, along with value-added capabilities such as kitting, sub-assembly, panel building, and turnkey automation systems, acting as an extension of its customers’ engineering and production teams.

McDermott’s leadership will focus on advancing CAS Holdings’ strategic initiatives, strengthening its market position, and continuing to deliver innovative automation solutions that support customers across a wide range of industries.

“We have a strong foundation, a talented team, and a clear direction. I’m looking forward to what we’ll accomplish together,” McDermott said. “Our focus remains on supporting our customers with responsive, local expertise, strong supplier partnerships, and the engineering and production capabilities they rely on to keep their operations running and growing.”

About Complete Automation Solutions Holdings

Complete Automation Solutions Holdings (CAS Holdings) is dedicated to empowering industrial automation companies, including those in the packaging industry, to achieve optimal efficiency and success. With a diverse portfolio encompassing industrial distribution, panel building and assembly, system integration, and robotics, CAS Holdings provides comprehensive packaging machines and solutions tailored to meet industry needs. The company prioritizes strong partnerships, expert engineering, and innovative solutions, ensuring sustainable practices and continuous improvement. CAS Holdings envisions a future where its transformative automation solutions redefine industry standards and drive growth. Committed to transparency and collaboration, CAS Holdings aims to be the most trusted partner in the automation sector.

Press Contact:

Erika Jacques
508-838-8012
http://www.iautomation.com/

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SOURCE CAS Holdings, Inc.

Technology

Vipboss Marks Earth Day with Renewed Commitment to Green Energy Solutions

Published

2 hours ago

April 18, 2026

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/.

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SOURCE Vipboss