SNT

Financial Performance: Senstar Technologies reported a 9% increase in revenue for 2024, totaling $35.8 million, with a net income of $2.6 million, marking a significant turnaround from a loss of $1.3 million in 2023.

Operational Efficiency: The company achieved improved gross margins and reduced operating expenses through strategic cost management and operational streamlining, contributing to enhanced profitability and cash reserves of $20.5 million with no debt as of December 31, 2024.

Financial Results Announcement: Senstar Technologies Corporation will report its financial results for the fourth quarter and year ended December 31, 2024, on April 23, 2025, followed by a conference call at 5:00 p.m. Eastern Time.

Company Overview: Senstar specializes in comprehensive security solutions, including perimeter intrusion detection systems and video management, serving various sectors such as utilities and logistics for over 40 years.

Financial Performance: Senstar Technologies reported an 8.2% revenue growth in Q3 2024, reaching $9.7 million, with a significant increase in gross margin to 68.0%, and net income of $1.3 million compared to a loss in the previous year.

Business Strategy: The company is focusing on high-potential sectors such as data centers and solar farms, leveraging its MultiSensor technology to enhance security solutions, while also optimizing working capital and maintaining a strong cash position of $19.4 million with no debt.