Senstar Posts Record Q3 Revenue of $13.1 Million, Up 37%

By Daniel Okafor

Senstar Technologies booked record third-quarter revenue of $13.1 million, a 37% jump from $9.5 million a year earlier. The physical security company grew in every major region at once. U.S. revenue rose 23%, while Europe, the Middle East and Africa and Asia-Pacific each added roughly 50%.

The growth engine was LiDAR. Senstar said LiDAR sales more than doubled, driven by customer demand, scalable deployments and the integration of Blickfeld, the German sensor maker it acquired. That product line now contributes a rising share of total sales.

What did the quarter do for profitability?

GAAP net income climbed to $1.5 million, or $0.07 per share, from $1 million a year earlier. Adjusted EBITDA rose 55% to $2.1 million, up from $1.3 million — and it grew faster than revenue.

That gap is the mechanism worth watching. Senstar converted higher sales volume into operating leverage, meaning each incremental dollar of revenue carried more profit, even while the company kept spending on new security offerings.

Gross profit expanded alongside revenue. The company cautioned that product mix affected the gross-margin comparison with the prior-year quarter, so the margin percentage did not move in lockstep with the top line.

How strong is the balance sheet?

Cash, cash equivalents and short-term bank deposits totaled $8.4 million at quarter-end. That works out to roughly $0.36 per share.

Senstar said the balance sheet funds product development and commercial expansion. The company is pushing deeper into three markets: perimeter intrusion detection, video analytics and sensor-based security.

Why does the U.S. rebound matter?

The 23% U.S. growth followed a slower start to the year in that market. Senstar called the return to American growth particularly important.

The international numbers change the risk picture too. With EMEA and Asia-Pacific each up about 50%, the company now depends less on any single region. A stumble in one geography cannot stall the whole business as easily as it could before.

What comes next?

Two drivers will decide whether the run continues. First, Senstar must keep converting customer projects into recognized revenue. Second, it must finish folding Blickfeld's LiDAR technology into its product lineup.

The record sales, higher net income and faster adjusted EBITDA growth all point to improving scale. One caution stands: quarterly results may still swing with the timing of larger security projects, so investors should expect uneven prints even if the trend holds.