The chart below shows how SNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SNT sees a -5.26% change in stock price 10 days leading up to the earnings, and a +7.33% change 10 days following the report. On the earnings day itself, the stock moves by +0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Overview: Revenue increased by 8% compared to Q3 2023, reaching $9.7 million, and is up 7% year-to-date compared to the same period last year.
Strong Gross Margin Increase: Gross margin was exceptionally strong at 68%, representing an 11.4 percentage point increase over Q3 2023.
Operating Expenses Reduction: Operating expenses decreased by 3.6% from Q3 2023 and 9.2% year-to-date, contributing to improved profitability.
Operating Income Surge: Operating income for the third quarter increased significantly to $1.8 million, compared to $123,000 in the year-ago period.
Net Income Improvement: Net income attributable to Sensstar Technologies shareholders was $1.3 million, or $0.06 per share, compared to a net loss of $122,000, or $0.01 per share, in the third quarter of last year.
Negative
Quarterly Revenue Increase: Our revenue for the third quarter of 2024 was $9.7 million, an increase of 8.2% compared with the revenue of $9 million in the third quarter of 2023.
Gross Margin Improvement: The third quarter reported gross margins of 68% of revenue, up compared to 56.5% in the year-ago period.
EBITDA Increase Q3: The company's EBITDA for the third quarter was $2 million, compared to $322,000 in the third quarter of last year.
Net Income Improvement: Net income attributable to Sensstar Technologies shareholders in the third quarter was $1.3 million or $0.06 per share, compared to a net loss attributable to Sensstar Technologies shareholders of $122,000 or $0.01 per share, in the third quarter of last year.
Operating Expenses Overview: The company’s operating expenses for the third quarter were approximately $1.5 million.
Senstar Technologies Corporation (SNT) Q3 2024 Earnings Call Transcript
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