Senstar Corporation

Senstar Technologies Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 30, 2023
EBITDA, ID, Interim, Senstar Corporation, Growth, Cryptocurrency, Instrumentation, Video game, GAN

RAMAT GAN, Israel, Nov. 30, 2023 /PRNewswire/ -- Senstar Technologies (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, 2023.

Key Points: 
  • RAMAT GAN, Israel, Nov. 30, 2023 /PRNewswire/ -- Senstar Technologies (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, 2023.
  • Operating expenses for the third quarter of 2023 were $4.9 million, essentially flat compared to $4.8 million in the prior year's third quarter.
  • Operating income was $123,000 for the third quarter of 2023 compared to $1.1 million in the third quarter of 2022.
  • Financial expense was ($64,000) for the third quarter of 2023 compared to financial income of $212,000 in the third quarter of 2022.

SENSTAR MULTISENSOR™ INTRUSION DETECTION SYSTEM EARNS INDUSTRY RECONGNITION

Retrieved on: 
Tuesday, November 28, 2023
Face, American Securities, PIR, Platinum, Intelligence, Senstar Corporation, Intrusion detection system, Probability, Government, Mobile phone, Renewable energy, Homeland security, GAN

RAMAT GAN, Israel, Nov. 28, 2023 /PRNewswire/ -- Senstar Technologies (NASDAQ: SNT), a leading international provider of comprehensive physical, video and access control security products is pleased to announce its new Senstar MultiSensor™ has received the Platinum award for the Best Intrusion Detection and Prevention Solution from American Security Today's annual ASTORS' Homeland Security 2023 Awards.

Key Points: 
  • "Senstar MultiSensor is the culmination of over 40 years of experience working with customers and the real challenges they face with intrusion detection.
  • This groundbreaking new system is unlike anything else on the market," said Senstar CEO Fabien Haubert.
  • Senstar MultiSensor, introduced in September, is an AI-based intrusion detection system that uses an embedded sensor fusion engine to intelligently synthesize data from multiple sensing technologies.
  • The system provides a Probability of Detection (Pd) far exceeding that of traditional sensors while eliminating nearly 100% of nuisance alarms.

Senstar Showcases Innovative Multi-Sensing Detection System for Full Situational Awareness at Global Security Exchange (GSX)

Retrieved on: 
Thursday, September 21, 2023
GSX, Senstar Corporation, Probability, APS, PIR, Face, Phenomenon, Instrumentation

"Senstar is excited to show Senstar MultiSensor™, an AI-based intrusion detection system that uses an embedded sensor fusion engine to intelligently synthesize data from multiple sensing technologies", said Jeremy Weese, Senstar's Chief Technology Officer.

Key Points: 
  • "Senstar is excited to show Senstar MultiSensor™, an AI-based intrusion detection system that uses an embedded sensor fusion engine to intelligently synthesize data from multiple sensing technologies", said Jeremy Weese, Senstar's Chief Technology Officer.
  • The system provides a Probability of Detection (Pd) far exceeding that of traditional sensors while eliminating nearly 100% of nuisance alarms.
  • With Senstar MultiSensor, we can provide complete and precise situational awareness for each event to make the best decision."
  • It will be on display at Senstar's upcoming events at APS in Paris and Security Canada Central in Toronto.

Senstar Technologies Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, September 6, 2023
Interim, Marketing, EBITDA, Senstar Corporation, Growth, Cryptocurrency, Video game

Second Quarter 2023 Business Highlights:

Key Points: 
  • Second Quarter 2023 Business Highlights:
    Mr. Fabien Haubert, Interim Chief Executive Officer of Senstar Technologies, stated, "The second quarter featured strong growth from the key regions that we focus on, EMEA and the U.S.
  • Revenue for the second quarter of 2023 was $8.4 million, a decrease of 7.5% compared with $9.1 million in the second quarter of 2022.
  • Net loss in the second quarter of 2023 was ($211,000) or ($0.01) per share versus net income of $164,000, or $0.01 per share in the second quarter of last year.
  • EBITDA for the second quarter of 2023 was $290,000 versus $460,000 in the second quarter of 2022.

Senstar Technologies Reports First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, June 6, 2023
Interim, Marketing, SNT, ID, Time in the United Kingdom, EBITDA, Senstar Corporation, Investment, Growth, Cryptocurrency, Video game

RAMAT GAN, Israel, June 6, 2023 /PRNewswire/ -- Senstar Technologies (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, 2023.

Key Points: 
  • RAMAT GAN, Israel, June 6, 2023 /PRNewswire/ -- Senstar Technologies (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, 2023.
  • Mr. Fabien Haubert, Interim Chief Executive Officer of Senstar Technologies, stated, "Our first quarter financial results are in-line with our expectations and reflect the seasonality of our business.
  • Revenue for the first quarter of 2023 was $6.4 million, a decrease of 5.0% compared with $6.8 million in the first quarter of 2022.
  • EBITDA loss for the first quarter of 2023 was ($1.4) million versus an EBITDA loss of ($0.3) million in the first quarter of 2022.

Senstar Technologies Announces Appointment of Fabien Haubert as Interim CEO

Retrieved on: 
Monday, April 24, 2023
Interim, Information management, SNT, IP, Organization, COVID-19, International business, Management, Growth, Senstar Corporation

This appointment follows Dror Sharon's decision to retire from his role as the Company's CEO.

Key Points: 
  • This appointment follows Dror Sharon's decision to retire from his role as the Company's CEO.
  • Senstar Technologies Chairman of the Board, Mr. Gillon Beck, commented: "Fabien has a deep understanding of business operations and corporate strategy and a proven track record of successfully leading large teams and growing our business.
  • Senstar Technologies' Interim CEO, Fabien Haubert commented, "I am committed to working closely with the Board and the team to further grow our business and increase value for our shareholders.
  • Mr. Haubert speaks French, English, Spanish, and Italian and has a working knowledge of Dutch.

Senstar Technologies Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, April 20, 2023
Marketing, Correction, COVID-19, COVID, SNT, Time in the United Kingdom, Fourth, COVID 19, Growth, Software, Cryptocurrency, Video game, Reinsurance, Management, Pharmaceutical industry, Public utility, EBITDA, Senstar Corporation

Fourth Quarter 2022 Business Highlights:

Key Points: 
  • Fourth Quarter 2022 Business Highlights:
    (Fourth quarter 2022 results for the three months ended December 31, 2022 compared to the comparable three month period of 2021, except as mentioned.)
  • Mr. Dror Sharon, Chief Executive Officer of Senstar Technologies, stated, "We finished 2022 on a high note with revenue growth of 10% in the fourth quarter.
  • Revenue for the fourth quarter of 2022 was $9.9 million, an increase of 10.0% compared with $9.0 million in the fourth quarter of 2021.
  • EBITDA from continuing operations for the fourth quarter of 2022 was $1.2 million versus an EBITDA loss from continuing operations of ($0.7) million in the fourth quarter of 2021.

Senstar Awarded Major Oil Pipeline Project in Africa

Retrieved on: 
Wednesday, March 1, 2023
Safety, Information management, Senstar Corporation, Natural gas, Construction, Transport

RAMAT GAN, Israel, March 1, 2023 /PRNewswire/ -- Senstar Technologies (NASDAQ: SNT), a leading provider of sensing and information management solutions for the protection of critical infrastructure, is pleased to announce that it has been awarded a significant oil pipeline project in Africa.

Key Points: 
  • RAMAT GAN, Israel, March 1, 2023 /PRNewswire/ -- Senstar Technologies (NASDAQ: SNT), a leading provider of sensing and information management solutions for the protection of critical infrastructure, is pleased to announce that it has been awarded a significant oil pipeline project in Africa.
  • The project will reinforce the security of a major pipeline.
  • "Senstar will provide a comprehensive perimeter intrusion detection system to equip multiple sites with innovative fiber optic technologies," said Managing Director of Senstar, Fabien Haubert.
  • "Together with local partners, we will work on a multi-layered solution that maximizes safety and security.

Video Management System Market Size to Reach USD 47.24 Billion in 2030 | Emergen Research

Retrieved on: 
Wednesday, February 1, 2023
Cloud, Denial-of-service attack, Eagle Eye Networks, ML, Government, Senstar Corporation, Siemens, Maximum Pro Wrestling, Transport, Australian Taxation Office, Video, Maintenance, Algorithm, Chosen-ciphertext attack, Crash, Johnson, Hitachi, Artificial intelligence, Software, Federal Bureau of Investigation, SQL, School, Honeywell, ANPR, USD, FBI, Avigilon, Growth, Machine learning, World Bank, AI, CCTV, Data East USA, Inc. v. Epyx, Inc., Video game

Video management systems is experiencing significant market revenue growth owing to increasing adoption of video surveillance in various industries, such as retail, transportation, and government.

Key Points: 
  • Video management systems is experiencing significant market revenue growth owing to increasing adoption of video surveillance in various industries, such as retail, transportation, and government.
  • Video management systems are utilized to process and organize multiple streams of live video footage from CCTV cameras and traffic cameras on roads.
  • Video management system market is highly competitive with many players offering different solutions, from traditional on-premises to cloud-based video management systems, and open platform systems.
  • The video management system market is expected to register a CAGR of 20.4% over the forecast period and revenue is projected to increase from USD 8.82 Billion in 2021 to USD 47.24 Billion in 2030.

Video Management System Market Size to Reach USD 47.24 Billion in 2030 | Emergen Research

Retrieved on: 
Wednesday, February 1, 2023
Cloud, Denial-of-service attack, Eagle Eye Networks, ML, Government, Senstar Corporation, Siemens, Maximum Pro Wrestling, Transport, Australian Taxation Office, Video, Maintenance, Algorithm, Chosen-ciphertext attack, Crash, Johnson, Hitachi, Artificial intelligence, Software, Federal Bureau of Investigation, SQL, School, Honeywell, ANPR, USD, FBI, Avigilon, Growth, Machine learning, World Bank, AI, Data East USA, Inc. v. Epyx, Inc., Video game

Video management systems is experiencing significant market revenue growth owing to increasing adoption of video surveillance in various industries, such as retail, transportation, and government.

Key Points: 
  • Video management systems is experiencing significant market revenue growth owing to increasing adoption of video surveillance in various industries, such as retail, transportation, and government.
  • Video management systems are utilized to process and organize multiple streams of live video footage from CCTV cameras and traffic cameras on roads.
  • Video management system market is highly competitive with many players offering different solutions, from traditional on-premises to cloud-based video management systems, and open platform systems.
  • The video management system market is expected to register a CAGR of 20.4% over the forecast period and revenue is projected to increase from USD 8.82 Billion in 2021 to USD 47.24 Billion in 2030.