Senstar Reports 2% Revenue Growth and Closes Blickfeld Acquisition for LiDAR Expansion
Senstar reported full-year 2025 revenue of $36.4 million, a 2% increase, with gross margin expanding to 65.5% and net income rising to $3.2 million. Fourth-quarter revenue fell 14% to $8.8 million, generating a $33,000 net loss, while cash grew to $22.5 million following the Blickfeld acquisition.
1. Full Year 2025 Results
Senstar delivered full-year revenue of $36.4 million, up 2% from 2024, with gross margin improving to 65.5% and net income rising to $3.2 million. EBITDA reached $3.7 million, down from $4.6 million due to higher operating expenses related to the Blickfeld transaction.
2. Fourth Quarter 2025 Highlights
In Q4, revenue declined 14% to $8.8 million and gross margin slipped to 61.5%, resulting in a $33,000 net loss and EBITDA of $15,000. The drop reflected U.S. government project delays and a non-recurring EMEA project, with delayed revenue expected in 2026.
3. Blickfeld Acquisition and LiDAR Strategy
The closing of the Blickfeld acquisition added $0.4 million in closing and consulting expenses but enhances Senstar’s technology capabilities and positions it to gain share in a LiDAR market projected to grow over 20% annually.
4. Balance Sheet and Liquidity
Senstar ended 2025 with $22.5 million in cash and short-term deposits, up from $20.6 million a year earlier, and maintained zero debt, providing a strong liquidity base to support growth initiatives.