Senstar Technologies Q3 profit rises on increased LiDAR demand
SNT•Senstar Technologies’ Q3 revenue rose 37% year over year to $13.1 million, while net income increased to $1.5 million from $1.0 million. Adjusted EBITDA rose 55% to $2.1 million as LiDAR sales more than doubled.
1. Quarterly results
Senstar Technologies reported Q3 revenue of $13.1 million, up 37% year over year, and net income of $1.5 million, compared with $1.0 million a year earlier. Adjusted EBITDA rose 55% to $2.1 million.
2. Growth drivers
LiDAR sales more than doubled year over year and contributed significantly to revenue growth. Revenue increased 23% in the U.S. and 50% in both EMEA and APAC.
3. Company outlook
The company said opportunities in its core verticals and LiDAR markets, an expanding sales pipeline, and integration of Blickfeld are expected to support future growth.
