Senstar Technologies Q3 profit rises on increased LiDAR demand

Overview

• Security solutions provider's Q3 revenue rose 37% yr/yr, driven by strong LiDAR sales

• Q3 net income increased to $1.5 mln from $1.0 mln a year ago

• Adjusted EBITDA for Q3 rose 55% yr/yr to $2.1 mln

Outlook

• Company expects expanding opportunities in core verticals and LiDAR markets to drive future growth

• Company says sales pipeline is expanding with global demonstrations and proof-of-concept projects

• Company says Blickfeld integration is expanding addressable market and accelerating growth

Result Drivers

• LIDAR SALES - Co said LiDAR sales more than doubled yr/yr, contributing significantly to revenue growth

• GEOGRAPHIC EXPANSION - Revenue growth driven by 23% increase in U.S. market and 50% growth in both EMEA and APAC regions

• BLICKFELD INTEGRATION - Integration of Blickfeld expanded addressable market and contributed to growth across new and existing verticals

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)