Q1 2026 Senstar Technologies Corp Earnings Call Transcript
Key Points
- Senstar Technologies Corp (SNT) reported strong growth in the EMEA region, with revenue increasing by 43% year-over-year, driven by demand in utilities, telecom, energy, and military sectors.
- LiDAR technology is becoming a significant growth driver, with consolidated LiDAR revenue reaching 11% of total revenue in the first quarter.
- The company is launching two new innovative products in the second half of 2026, expected to reinforce competitive positioning and support expansion within existing accounts.
- Senstar Technologies Corp (SNT) is experiencing encouraging traction in important markets and geographies, particularly in Europe, Middle East, and Africa.
- The integration of Blickfeld and Senstar commercial teams is progressing well, aligning go-to-market strategies across multiple regions.
- Consolidated revenue for the first quarter of 2026 was $8.1 million, a 4% decline compared to the first quarter of 2025.
- The U.S. correction market faced pressure due to the federal government shutdown, impacting portions of the business and delaying procurement activity.
- Gross margin decreased to 60% from 67.2% in the year-ago quarter, primarily due to less favorable product mix and lower revenue.
- Operating expenses increased by 18% year-over-year, driven by higher G&A and marketing costs, including expenses related to the Blickfeld acquisition.
- The company reported an operating loss of $603,000 for the first quarter of 2026, compared to operating income of $1 million in the first quarter of the previous year.
Welcome to Senstar Technologies first quarter 2026 results conference call. (Operator Instructions) As a reminder, this conference is being recorded.
I would now like to turn the call over to Corbin Woodhull of Hayden IR. Corbin, would you like to begin?
Thank you, Sherry. I would like to welcome everyone to the conference call and thank Senstar Technologies Management for hosting today's call.
With us on the call today are Mr. Fabien Haubert, CEO of Senstar Technologies; and Ms. Alicia Kelly, the CFO. Fabien will summarize key financial and business highlights, followed by Alicia, who will review Senstar's financial results for the first quarter of 2026. We will then open the call for a question-and-answer session.
I would like to remind participants that all financial figures discussed in today's call are in US dollars and all comparisons are on a year-over-year basis, unless otherwise indicated. Before we start, I'd like to point out this conference call may contain projections or other forward-looking statements regarding
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