Senstar Posts Q4 $33K Net Loss; Canada Sales Jump 110%, Costs Up 8%
Senstar posted a Q4 net loss of $33,000 versus $1.6 million, as EMEA and US/LatAm revenues fell 24% and 20% while Canada revenue jumped 110%. Expenses rose 8% from Blickfeld acquisition costs adding 28 employees, and management expects LiDAR applications and phased telecom projects to boost 2026 revenue.
1. Q4 Financial Results
Senstar reported a net loss attributable to shareholders of $33,000 in the fourth quarter, compared with net income of $1.6 million in the prior-year period.
2. Regional Revenue Breakdown
Revenues in the EMEA region declined 24% and US/LatAm revenues fell 20% due to large telecom comparisons and government project delays, while Canada saw a 110% increase driven by new contracts in correction and utilities sectors. Core verticals achieved 5% full-year growth, led by correction and energy projects in North America and EMEA.
3. Impact of Blickfeld Acquisition
Operating expenses rose 8% due to transaction costs from the Blickfeld acquisition, which added 28 employees to Senstar’s headcount. Management highlights three growth paths for LiDAR technology: expanding existing verticals, entering new areas such as sally ports and roofs, and leveraging Blickfeld’s volume monitoring and traffic applications.
4. Outlook and Project Resumptions
Phased contributions from the EMEA telecom project are expected to generate revenue in 2026, and delayed US government projects remain active with potential conversions in upcoming quarters. Management anticipates that LiDAR-driven solutions and resumed projects will underpin future growth.