olivLaw · US equity research
Senstar Technologies Corporation SNT
Communications Equipment, NEC · SIC 3669 · Vertical: Communications Equipment, NEC (SIC 3669)
Senstar Technologies Corporation develops perimeter security sensors, video management and video analytics software used to protect critical infrastructure in more than 100 countries. Revenue in fiscal 2025 reached 36.4 million USD, a modest increase from the prior year, while the company extended its portfolio through the Blickfeld acquisition completed in February 2026.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Senstar Technologies Corporation (SNT) stock was 1.45 USD (−1.70% on the day), with market capitalisation 33.7 m USD, P/E 10.3 on diluted EPS of 0.14 USD over the last 12 months, beta 0.98, 52-week range 1.34–4.83 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.5
- weak (30–45)
- Bollinger (20, 2)
- 1.32 – 1.64
- in the lower half of the band · %B 0.40 · band width 21.5%
- SMA 50 / 200
- 1.57 / 2.47
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.01 / -0.02
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.8% | −1.1% | −5.7 pp | — |
| 3 months | −27.0% | −0.5% | −26.6 pp | — |
| 6 months | −47.1% | +4.4% | −51.5 pp | — |
| Year to date | −70.1% | +12.3% | −82.4 pp | — |
| 1 year | −70.0% | +13.5% | −83.6 pp | −24.8% |
| 3 years | +20.4% | +76.4% | −56.0 pp | +22.4% |
| 5 years | −63.9% | +63.7% | −127.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 25 percentile of its own 4-quarter history (min 7.9, median 21.0, max 34.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 34.9 m | 35.6 m | 32.8 m | 35.8 m | 36.4 m |
| Revenue YoY | unavailable | +1.8% | −7.8% | +9.0% | +1.7% |
| Net income | 6.4 m | 3.8 m | -1.3 m | 2.6 m | 3.2 m |
| Net income YoY | unavailable | −40.3% | −133.6% | unavailable | +22.0% |
| Diluted EPS | 0.28 | 0.16 | -0.06 | 0.11 | 0.14 |
| Diluted EPS YoY | unavailable | −42.9% | −137.5% | unavailable | +27.3% |
| net % | 18.4% | 10.8% | -3.9% | 7.4% | 8.8% |
| Free cash flow | 5.2 m | -9.7 m | -120.0 k | 6.4 m | 1.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 22.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 43.2 m USD
- Total assets
- 54.7 m USD
- Debt / equity
- unavailable
- Current ratio
- 4.52x
- ROE
- 8.0%
- ROA
- 6.0%
- FCF margin
- 3.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | 34.9 m | 35.6 m | 32.8 m | 35.8 m | 36.4 m | SEC (XBRL)· 04 May 2026verified |
| Cost of revenue | 12.9 m | 14.1 m | 13.9 m | 12.8 m | 12.5 m | SEC (XBRL)· 04 May 2026verified |
| Gross profit | 22.0 m | 21.5 m | 18.8 m | 22.9 m | 23.8 m | SEC (XBRL)· 04 May 2026verified |
| Research & development | 3.9 m | 4.0 m | 4.0 m | 4.2 m | 3.3 m | SEC (XBRL)· 04 May 2026verified |
| Operating income | 1.1 m | 1.5 m | -1.3 m | 3.9 m | 3.0 m | SEC (XBRL)· 04 May 2026verified |
| Depreciation & amortisation | 1.9 m | 1.4 m | 917.0 k | 733.0 k | 676.0 k | SEC (XBRL)· 04 May 2026verified |
| EBITDA | 3.0 m ≈ | 2.9 m ≈ | -348.0 k ≈ | 4.6 m ≈ | 3.7 m ≈ | SEC (XBRL)· 04 May 2026derived |
| Pre-tax income | 70.0 k | 1.6 m | -1.3 m | 4.6 m | 3.1 m | SEC (XBRL)· 04 May 2026verified |
| Income tax | 2.3 m | -2.4 m | -40.0 k | 2.0 m | -136.0 k | SEC (XBRL)· 04 May 2026verified |
| Net income | 6.4 m | 3.8 m | -1.3 m | 2.6 m | 3.2 m | SEC (XBRL)· 04 May 2026verified |
| Diluted EPS | 0.28 | 0.16 | -0.06 | 0.11 | 0.14 | SEC (XBRL)· 04 May 2026verified |
| Weighted average diluted shares | 23.2 m | 23.3 m | 23.3 m | 23.3 m | 23.5 m | SEC (XBRL)· 04 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | — | 14.9 m | 14.8 m | 20.5 m | 22.3 m | SEC (XBRL)· 04 May 2026verified |
| Receivables | — | 10.0 m | 9.5 m | 10.3 m | 9.8 m | SEC (XBRL)· 04 May 2026verified |
| Inventories | — | 8.4 m | 7.2 m | 5.0 m | 5.6 m | SEC (XBRL)· 04 May 2026verified |
| Current assets | — | 35.3 m | 34.3 m | 38.2 m | 40.8 m | SEC (XBRL)· 04 May 2026verified |
| Property, plant & equipment, net | — | 1.7 m | 1.6 m | 1.3 m | 1.6 m | SEC (XBRL)· 04 May 2026verified |
| Goodwill | 11.4 m | 10.9 m | 11.1 m | 10.4 m | 10.9 m | SEC (XBRL)· 04 May 2026verified |
| Intangibles (excl. goodwill) | — | 1.1 m | 881.0 k | 468.0 k | 142.0 k | SEC (XBRL)· 04 May 2026verified |
| Total assets | — | 51.9 m | 50.3 m | 52.1 m | 54.7 m | SEC (XBRL)· 04 May 2026verified |
| Accounts payable | — | 2.4 m | 1.7 m | 2.7 m | 1.9 m | SEC (XBRL)· 04 May 2026verified |
| Current liabilities | — | 10.6 m | 10.1 m | 12.4 m | 9.0 m | SEC (XBRL)· 04 May 2026verified |
| Equity | 35.8 m | 37.7 m | 37.2 m | 37.7 m | 43.2 m | SEC (XBRL)· 04 May 2026verified |
| Shares outstanding at year end | — | — | 23.3 m | 23.3 m | 23.3 m | SEC (XBRL)· 04 May 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | 6.0 m | -9.5 m | 260.0 k | 6.7 m | 1.8 m | SEC (XBRL)· 04 May 2026verified |
| Capex | 792.0 k | 158.0 k | 380.0 k | 273.0 k | 559.0 k | SEC (XBRL)· 04 May 2026verified |
| Free cash flow | 5.2 m ≈ | -9.7 m ≈ | -120.0 k ≈ | 6.4 m ≈ | 1.2 m ≈ | SEC (XBRL)· 04 May 2026derived |
| Investing cash flow | 31.7 m | -237.0 k | -334.0 k | -223.0 k | -561.0 k | SEC (XBRL)· 04 May 2026verified |
| Financing cash flow | -39.7 m | 19.0 k | -213.0 k | 39.0 k | 16.0 k | SEC (XBRL)· 04 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 33.7 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 65.5% | 64 (on a fixed band) | 15% |
| EBIT margin · Quality | 8.3% | 73 (vs peers) | 12% |
| FCF margin · Quality | 3.3% | 13 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 0.8% | 3 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | 1.7% | 36 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 4.5x | 100 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 3.5% | 71 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth14/100 · 2/2 factors with a value
- Quality51/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial71/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SENSTAR TECHNOLOGIES CORPORATION (SNT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 36.4 m USD in 2025; YoY growth 1.7%; net margin 8.8%; ROE 8.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EBIT margin: 8.3%
- Current ratio: 4.5x
- FCF yield: 3.5%
What contradicts it
- FCF margin: 3.3%
- Revenue CAGR 3Y: 0.8%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Communications Equipment, NEC (SIC 3669) · same industry (4-digit SIC) · compared with 11 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| LITELumentum Holdings Inc. | 56.8 bn | — | -245.8% | -175.8% | +83.2% | +93% / +1,364% |
| ESEEsco Technologies Inc. | 6.2 bn | 19.8 | 21.4% | 24.4% | +19.2% | +13% / +128% |
| NSSCNapco Security Technologies, Inc | 1.1 bn | 25.9 | 23.4% | 21.6% | +11.4% | −21% / +4% |
| AIOTPowerfleet, Inc. | 381.2 m | — | -4.0% | -4.2% | +22.4% | −43% / +22% |
| TBCHTurtle Beach Corporation | 303.7 m | — | -3.2% | -1.1% | −14.2% | +22% / +50% |
| INSGInseego Corp. | 79.3 m | 25.3 | — | -6.4% | −13.1% | −56% / +120% |
| AMPGAmplitech Group, Inc. | 74.5 m | — | -19.4% | -33.4% | +165.0% | −25% / +56% |
| REKRRekor Systems, Inc. | 49.3 m | — | -62.8% | -43.8% | +5.3% | −80% / −87% |
| KSCPKnightscope, Inc. | 34.7 m | — | -201.3% | -217.3% | +4.9% | −91% / −98% |
| SNTSenstar Technologies Corporation | 33.7 m | 10.3 | 8.0% | 8.8% | +1.7% | −70% / +20% |
| UTSIUTStarcom Holdings Corp. | 19.2 m | — | -19.5% | -88.5% | −17.5% | −16% / −42% |
| MTEKMaris-Tech Ltd. | 2.1 m | — | -168.6% | -403.3% | −77.9% | −81% / −75% |
1- and 3-year price returns: for SNT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.81 Total return -44% · Per year -44% | 1.43 Total return -1% · Per year -1% | 2.16 Total return 50% · Per year 50% |
| 3 years | 0.73 Total return -50% · Per year -20% | 1.46 Total return 1% · Per year 0% | 2.42 Total return 67% · Per year 19% |
| 5 years | 0.65 Total return -55% · Per year -15% | 1.48 Total return 2% · Per year 0% | 2.71 Total return 87% · Per year 13% |
- Exit P/E± 0.36
- Net margin± 0.25
- Annual revenue growth± 0.22
- Annual dilution± 0.02
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 May 2026; since then the company filed 6-K (25 Aug 2026), 6-K (29 Jun 2026), 6-K (05 Jun 2026), 6-K (28 May 2026).
In brief
Senstar Technologies Corporation develops perimeter security sensors, video management and video analytics software used to protect critical infrastructure in more than 100 countries. Revenue in fiscal 2025 reached 36.4 million USD, a modest increase from the prior year, while the company extended its portfolio through the Blickfeld acquisition completed in February 2026 1.
SWOT
Strengths
- A long history in perimeter security and a customer base across many countries, which supports relationships with critical infrastructure operators.
- An integrated portfolio combining sensors, video management software and video analytics, enabling complete solutions for customers.
- Presence in several regions and research investment capacity that can support innovation.
Weaknesses
- Relatively small revenue base limits the company's ability to compete with larger suppliers.
- Dependence on public procurement and long sales cycles makes revenues hard to predict.
- Quarterly and annual results fluctuate, and profitability has not been consistent in past years.
Opportunities
- LiDAR sensors from the Blickfeld acquisition could open new markets such as traffic management.
- Expansion into strategic verticals and emerging markets could increase sales if the strategy is executed successfully.
- Convergence of security with information technology could create demand for unified command platforms.
Threats
- Competitive pressure from suppliers with greater resources could lead to lost market share.
- Cuts in government budgets or changes in procurement policies could quickly affect orders.
- Currency fluctuations and acquisition integration risks could affect financial results.
Risks
- Dependence on public procurementhigh
Sales are tied to government budgets; a funding reduction could directly affect results.
- Intense competitionhigh
Competitors with greater resources could reduce the company's market share.
- Currency riskmedium
Revenues and costs are denominated in different currencies, and exchange rate moves can affect margins and results.
- Acquisition integrationmedium
Integrating Blickfeld and other businesses could encounter operational or financial difficulties.
- Cybersecuritymedium
Cyber attacks or software vulnerabilities could damage reputation and expose the company to liability.
Investment thesis
What would need to be true (bull case)
- If the Blickfeld acquisition and LiDAR solutions integrate well, the company could widen its addressable market toward traffic and monitoring applications.
- Growth in North America, supported by the corrections vertical, shows that the vertical strategy can deliver results.
- An integrated sensor and software platform could attract customers seeking a complete solution from one supplier.
What would break the thesis
- Revenue growth in 2025 was modest, which could indicate difficulty in accelerating expansion.
- Dependence on public budgets could make revenues vulnerable to funding cuts or procurement delays.
- Competitors with greater resources could reduce the company's market share, especially where its presence is limited.
What to watch
- Integration of Blickfeld and contribution of LiDAR sensors to revenue2026
- Sales trend in APAC after the 9 percent decline in 20252026
- Gross margin and the effect of currency on production costsQ1 2027
- Progress in strategic verticals and emerging marketsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 May 2026; since then the company filed 6-K (25 Aug 2026), 6-K (29 Jun 2026), 6-K (05 Jun 2026), 6-K (28 May 2026).
The business
Senstar is an international provider of physical security products and solutions, operating since 1969 as a department of Israel Aircraft Industries. The portfolio includes perimeter intrusion detection sensors (PIDS), the Senstar Symphony platform for video and security management (VMS, SMS) and intelligent video analytics (IVA) 1. The company trades on Nasdaq under the symbol SNT and moved its principal offices to Ottawa after redomiciling to Ontario in March 2024 1.
Customers are mainly public-sector and critical infrastructure operators, including correctional facilities, borders, military bases, power plants, airports, seaports, logistics warehouses and data centers. The stated strategy aims to grow product revenues, expand into strategic verticals such as utilities, energy, logistics and airports, and develop emerging markets in Asia, Latin America and Eastern Europe 1. The Blickfeld acquisition, a specialist in 3D LiDAR sensors, extends the company into traffic and volume monitoring 1.
Operationally, the company manufactures largely in Canada and reports in US dollars, with revenues mainly in US dollars and euros and some costs in Canadian dollars and euros 1. Sales are seasonal, weighted toward the end of the year, and the sales cycle is long because government procurement is complex 1.
Segments
Products PIDS, VMS, SMS, EAC and IVA
This is the company's only reportable segment, covering perimeter sensors, video and security management systems and video analytics. It accounted for the entire revenue base of 36.4 million USD in fiscal 2025 1.
LiDAR and MultiSensor offerings
Newer product lines, including the MultiSensor and LiDAR solutions added through Blickfeld, are meant to widen the addressable market toward critical spots within non-critical infrastructure 1.
Market context
The global physical security, video management software and site management market is described in the source as highly fragmented and intensely competitive, with technology and customer requirements changing rapidly 1. Demand depends on government budgets and procurement policies, which makes the market sensitive to public spending cycles 1.
The company operates in three main regions, North America, EMEA and APAC, plus Latin America 1. In 2025 North American revenue grew about 10 percent, driven by the corrections vertical, while APAC declined 9 percent 1.
Trends
- Public security spendingmixed
The source notes that government budgets and procurement policies directly affect sales, and a reduction in funding could weigh on results 1.
- Digitalization of securitytailwind
Integrating security systems with information technology and single command platforms could open new opportunities for management and analytics software 1.
- Currency movementsmixed
Revenues in dollars and euros with partly Canadian dollar costs mean exchange rates can influence margins, although a weaker Canadian dollar reduced reported production costs 1.
- New technologies and AIheadwind
Developing AI-driven and analytics-based solutions is needed to stay competitive, and delays or unexpected costs could affect the company 1.
Competitive position
The source shows that Senstar competes mainly in perimeter intrusion detection systems and security and video management software. Some competitors have greater research, development, financial and personnel resources, including government support 1.
The company cannot assure it will maintain product quality relative to competitors, and continued competitive pressure could lead to lost market share 1.
- Providers of PIDS and security software
The source mentions competitors with greater research and development resources without naming them.
- Video management system providers
Competition comes from video and security management software, where no specific competitors are named.
- Government-supported players
Some competitors benefit from government support, which can change the competitive conditions.
- New technology entrants
Rapid product introductions could attract suppliers from outside the traditional perimeter security field.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Senstar (SNT) Grew Revenue 8% but Operating Income Fell. Is Blickfeld Paying Off?Yahoo Finance — News · 28 Aug 2026 · EN
- Senstar Technologies Ltd. Q2 2026 Earnings Call SummaryYahoo Finance — News · 25 Aug 2026 · EN
SEC filings
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)29 Jun 2026
- Current report (foreign issuer)05 Jun 2026
- Current report (foreign issuer)28 May 2026
- Current report (foreign issuer)04 May 2026
- Annual report (foreign issuer)04 May 2026
- Current report (foreign issuer)24 Apr 2026
- Current report (foreign issuer)18 Feb 2026
- Current report (foreign issuer)10 Dec 2025
- Current report (foreign issuer)25 Nov 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Senstar Technologies Corporation · 04 May 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.