Senstar Technologies Corporation Reports Third Quarter 2024 Financial Results
Senstar Technologies Corporation - Common Shares (SNT)
Company Research
Source: PR Newswire
Revenue growth of 8%Business momentum remains strong; Senstar MultiSensor fully launched for saleContinued focus on optimizing working capital and delivering positive cash from operationsOTTAWA, ON, Nov. 12, 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 and nine months ended September 30, 2024. Management will hold an investors' conference call later today (at 5 p.m. Eastern Time) to discuss the results.Third Quarter 2024 Summary: (Results for the three months ended September 30, 2024 compared to the three months ended September 30, 2023.)Revenue of $9.7 million with gross margin of 68.0% compared to revenue of $9.0 million with gross margin of 56.5%Operating expenses declined 3.6% to $4.8 million compared to $4.9 millionNet income of $1.3 million compared to a net loss of ($122,000)EBITDA of $2
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