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Stock impact report

Senstar Technologies Corporation Reports First Quarter 2024 Financial Results

Senstar Technologies Corporation - Common Shares (SNT) 
Company Research Source: PR Newswire
OTTAWA, ON, June 13, 2024 /PRNewswire/ -- Senstar Technologies Corporation (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, 2024. Management will hold an investors' conference call later today (at 5 p.m. Eastern Time) to discuss the results.First Quarter 2024 Business Summary: (First quarter 2024 results for the three months ended March 31, 2024, compared to the comparable three-month period of 2023, except as mentioned. Results for the three months ended March 31, 2023 were for the Company's predecessor, Senstar Technologies Ltd.)Revenue of $7.5 million with gross margin of 59.6% versus revenue of $6.4 million with gross margin of 55.7%Net loss of ($0.7) million versus a net loss of ($1.9) million; positive EBITDA of $114,000 versus negative EBITDA of ($1.4) millionCash and short term bank deposits balance of $15.8 million and Show less Read more
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