Q2 2026 Senstar Technologies Corp Earnings Call Transcript
Key Points
- Revenue increased 8% year-over-year to $10.4 million, with a return to profitability.
- LiDAR solutions grew nearly 100% year-over-year, now representing 20% of global sales, up from 11% in Q1.
- EMEA revenue grew 14% year-over-year and 26% year-to-date, driven by utilities, data centers, airports, and energy.
- APAC was the fastest-growing region, with revenue up 93% year-over-year, led by utilities, data centers, corrections, and airports.
- Blickfeld reported positive EBITDA in Q2, indicating early synergies from the acquisition are materializing.
- US revenue declined 14% year-over-year and 17% year-to-date, impacted by project delays in the corrections vertical due to the federal government shutdown.
- Gross margin decreased to 64.2% from 66.1% in the prior-year quarter, reflecting product mix.
- Operating expenses rose 18% year-over-year, driven by $1.2 million in Blickfeld acquisition-related costs.
- Operating income fell to $343,000 from $1 million in Q2 2025, impacted by integration expenses and lower margins.
- Cash and cash equivalents dropped significantly to $8 million from $22.5 million at year-end 2025, primarily due to the cash-funded Blickfeld acquisition.
Welcome to Senstar Technologies' conference call to discuss its second-quarter 2026 results. (Operator Instructions)
As a reminder, this conference call is being recorded. I would now like to turn the call over to Corbin Woodhull of Hayden IR. Corbin, please begin.
Thank you, Sherry. Welcome to everyone joining us today, and thank you to Senstar Technologies' Management for hosting the call.
Joining us today are Mr. Fabien Hilbert, CEO of Senstar Technologies; and Ms. Alicia Kelly, the CFO of Senstar Technologies. Fabien will summarize key business and financial highlights, followed by Alicia, who will review Senstar's second quarter 2026 financial results. We will then open the call for questions. Unless otherwise indicated, all financial figures discussed today are in US dollars and all are comparisons year over year.
Before we begin, please note that this conference call may contain forward-looking statements, including projections regarding future events and Senstar's future
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