Senstar Technologies Corporation Reports Third Quarter 2025 Financial Results

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 and nine months ended September 30, 2025. Management will hold an investors' conference call later today (at 5:00 p.m. Eastern Time) to discuss the results.

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Third Quarter 2025 Summary:

(Third quarter 2025 results for the three months ended September 30, 2025, compared to the three months ended September 30, 2024)

— Revenue of $9.5 million with gross margin of 67.3% compared to $9.7 million and 68.0%, respectively in the third quarter of last year. Year-to-date revenue increased by 8% compared to the same period in 2024.

— Net income of $1.0 million compared to $1.3 million in the third quarter of last year; year-to-date net income increased to $3.2 million from $1.0 million year-to-date in 2024.

— Third quarter EBITDA of $1.3 million compared to $2.0 million in the third quarter of last year; year-to-date EBITDA increased to $3.7 million, up from $3.0 million compared to the same period in 2024.

— Ended the quarter with a sound and flexible balance sheet, including $21.7 million in cash and short-term bank deposits and no debt, compared with $20.6 million as of December 31, 2024.

Mr. Fabien Haubert, CEO, stated, “Our performance year-to-date reflects consistent execution and continued expansion in our highest-value verticals. Core vertical revenues grew double digits in both the quarter and year-to-date periods, supported by rising investment in critical and non-critical infrastructure protection globally. We are gaining measurable share in Corrections and Energy, where our business development strategy is driving repeatable deployments and scalable account growth. Our Utilities, Transport and Data Centers momentum is strengthening rapidly with the increasing adoption of our advanced perimeter security solutions among both existing as well as rising new customers.”

Mr. Haubert continued, “Consistant with prior quarters, gross margin remained above targets in the third quarter, underscoring the value of our differentiated technology and operational efficiency. With a robust pipeline, diversified geographic footprint, and a debt-free balance sheet with $21.7 million in cash, we are positioned to continue delivering sustainable, profitable business going forward.”

Third Quarter 2025 Financial Results Summary

Revenue for the third quarter of 2025 was $9.5 million, a decline of 2.1% compared with $9.7 million for the third quarter of 2024. Third quarter gross profit was $6.4 million, or 67.3% gross margin, compared with $6.6 million, or 68.0% gross margin, for the third quarter of 2024. The stability in gross margin is primarily a reflection of a well-balanced product mix.

Operating expenses increased to $5.2 million, compared to $4.8 million for the third quarter of 2024. The increase was mainly driven by general and administrative expenses, due to an exceptional consulting cost related to our strategic growth.

Operating income for the third quarter of 2025 was $1.1 million compared to $1.8 million for the third quarter of last year. The variation in operating income isprimarily attributable to an exceptional consulting cost related to our strategic growth.

Financial income increased to $282,000 compared to financial income of $111,000 for the third quarter of lastyear.

Net income in the third quarter of 2025 was $1.0 million, or $0.04 per share compared to $1.3 million, or $0.06 per share, in the third quarter of last year.

EBITDA for the third quarter of 2025 was $1.3 million compared to $2.0 million in the third quarter of 2024.

Cash and cash equivalents and short-term bank deposits were $21.7 million, or $0.93 per share as of September 30, 2025, compared to $20.6 million, or $0.88 per share, as of December 31, 2024.

Earnings Conference Call Information:

We will host a conference call later today, November 25, 2025. The call will begin promptly at 5:00 p.m. Eastern Time. We request that participants dial in 10 minutes before the conference call commences and use the conference ID number 13757069.

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=1742093&tp_key=c0e8762f70

Replay Dial-in Numbers: Toll Free: 1-844-512-2921 Toll/International: 1-412-317-6671 Replay Pin Number: 13757069

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 United States Securities and Exchange Commission, or 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.

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

IR Contact: Hayden IR Corbin Woodhull Managing Director kim@haydenir.com +1-602-476-1821

Tables follow –

SENSTAR TECHNOLOGIES CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(All numbers except EPS expressed in thousands of US$) Three Months Nine Months Ended September 30, Ended September 30, 2025 2024 % change 2025 2024 % changeRevenue 9,500 9,701 (2) 27,602 25,518 8Cost of revenue 3,108 3,109 – 9,157 9,200 (1)Gross profit 6,392 6,592 (3) 18,445 16,318 13Operating expenses:Research and development, net 812 1,300 (38) 2,612 3,342 (22)Selling and marketing 2,335 2,041 14 7,052 6,393 10General and administrative 2,097 1,427 47 5,613 4,166 35Total operating expenses 5,244 4,768 10 15,277 13,901 10Operating income 1,148 1,824 3,168 2,417Financial income (expenses), net 282 111 221 268Income before income taxes 1,430 1,935 3,389 2,685Taxes on income (tax benefits) 424 650 140 1,653Net income 1,006 1,285 3,249 1,032Basic and diluted net income per share $0.04 $0.06 $0.14 $0.04Weighted average number of shares used in 23,331,653 23,309,987 23,328,851 23,309,987computing basic net income (loss) per shareWeighted average number of shares used in 23,545,277 23,309,987 23,405,510 23,309,987computing diluted net income (loss) per shareSENSTAR TECHNOLOGIES CORPORATIONUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS METRICS(All numbers except EPS expressed in thousands of US$) Three Months Nine Months Ended September 30, Ended September 30, 2025 2024 2025 2024 % % % %Gross margin 67.3 68.0 66.8 63.9Research and development, netas a % of revenues 8.5 13.4 9.5 13.1Selling and marketing as a % of revenues 24.6 21.0 25.5 25.1General and administrativeas a % of revenues 22.1 14.7 20.3 16.3Operating margin 12.1 18.8 11.5 9.5Net margin 10.6 13.2 11.8 4.0SENSTAR TECHNOLOGIES CORPORATIONRECONCILIATION OF EBITDA TO NET INCOME (LOSS)(All numbers expressed in thousands of US$) Three Months Nine Months Ended September 30, Ended September 30, 2025 2024 2025 2024GAAP income 1,006 1,285 3,249 1,032Less:Financial income (expenses), net 282 111 221 268Taxes on income (tax benefits) 424 650 140 1,653Depreciation and amortization (174) (185) (500) (552)EBITDA 1,322 2,009 3,668 2,969SENSTAR TECHNOLOGIES CORPORATIONUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All numbers expressed in thousands of US$) September 30, December 31, 2025 2024CURRENT ASSETS:Cash and cash equivalents $21,538 $20,466Short-term bank deposits 126 111Restricted cash and deposits 6 5Trade receivables, net 10,125 10,306Unbilled accounts receivable 225 228Other accounts receivable and prepaid expenses 2,323 2,161Inventories 5,562 4,957Total current assets 39,905 38,234Long term ASSETS:Deferred tax assets 1,076 1,158Operating lease right-of-use assets 348 528Total long-term assets 1,424 1,686PROPERTY AND EQUIPMENT, NET 1,623 1,328INTANGIBLE ASSETS, NET 223 468GOODWILL 10,722 10,360Total assets $53,897 52,076SENSTAR TECHNOLOGIES CORPORATIONUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All numbers expressed in thousands of US$) September 30, December 31, 2025 2024CURRENT LIABILITIES:Trade payables $2,372 $2,689Deferred revenues and customer advances 2,724 3,044Other accounts payable and accrued expenses 3,880 6,433Short-term operating lease liabilities 199 254Total current liabilities 9,175 12,420LONG-TERM LIABILITIES:Deferred revenues 1,262 1,171Deferred tax liabilities 548 443Long-term operating lease liabilities 167 296Other long-term liabilities 46 70Total long-term liabilities 2,023 1,980SHAREHOLDERS' EQUITYShare Capital: Common shares – 39,748,000 shares authorized -No par value, 23,331,653 and 23,326,653 shares issued and outstanding at – -September 30, 2025 and at December 31, 2024, respectivelyAdditional paid-in capital 37,861 37,377Accumulated other comprehensive income (loss) (504) (980)Foreign currency translation adjustments (stand-alone financial statements) 9,256 8,442Accumulated deficit (3,914) (7,163)TOTAL SHAREHOLDERS' EQUITY 42,699 37,676TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $53,897 $52,076

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SOURCE Senstar Technologies Corporation

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