Senstar revenue hits record $13.1 million as U.S. market returns to growth
Senstar Technologies reported record third-quarter revenue of $13.1 million, up 37% year over year, as the U.S. market returned to growth and LiDAR sales more than doubled. The security products provider also reported higher net income and Adjusted EBITDA for the quarter ended September 30, 2026.
- Third-quarter revenue rose 37% to a record $13.1 million.
- U.S. revenue increased 23%, while EMEA and APAC each grew 50%.
- LiDAR sales more than doubled year over year.
- Net income rose to $1.5 million and Adjusted EBITDA reached $2.1 million.
- Senstar had $8.4 million in cash and short-term bank deposits and no debt.
Regional growth lifts quarterly revenue
Revenue increased from $9.5 million in the third quarter of 2025 to $13.1 million in the latest quarter. Senstar said the U.S. market grew 23% after a slow start to the year, as U.S. government spending returned to pre-shutdown levels. Revenue in both EMEA and APAC increased 50%.
The company attributed the performance to demand across its core verticals and geographic markets, including demand for LiDAR and fiber products. Senstar provides physical, video and access control security products and solutions for critical and non-critical infrastructure markets.
Gross profit rose to $8.7 million from $6.4 million, although gross margin declined to 66.3% from 67.3%. Senstar said the margin change was primarily due to product mix.
Blickfeld integration supports LiDAR expansion
Senstar said LiDAR sales more than doubled compared with the year-ago period. Chief Executive Officer Fabien Haubert said the full integration of Blickfeld, which Senstar described as a key competitive differentiator, helped drive the quarter's growth.
Blickfeld delivered its second consecutive quarter of EBITDA profitability, according to Senstar. The company said its integration is broadening its reach across security and non-security offerings, opening verticals it did not previously address and expanding its potential market within existing ones.
Senstar also said its pipeline is expanding, with multiple demonstrations and proof-of-concept projects underway worldwide. The company described the LiDAR market's growth trajectory and its portfolio of security solutions as factors supporting its expectation of further growth.
Profitability improves despite higher integration costs
U.S. GAAP net income rose to $1.5 million, or $0.07 per share, from $1.0 million, or $0.04 per share, in the third quarter of 2025. Operating income increased to $1.9 million from $1.1 million, while Adjusted EBITDA rose 55% to $2.1 million from $1.3 million.
Operating expenses were $6.8 million, up 29% year over year. Senstar said approximately $1.3 million of the $1.5 million increase related to Blickfeld's integration, while $0.2 million reflected a bad debt reserve tied to a specific customer receivable. Excluding those items, operating expenses were essentially flat, according to the company.
Senstar had $8.4 million in cash and short-term bank deposits at September 30, 2026, excluding restricted cash of $0.1 million, and no debt. The company said the purchase accounting for the Blickfeld acquisition remains preliminary, and the final allocation may affect cost of sales, depreciation and amortization, and reported results. For users and investors, the results point to broader regional demand and a growing role for LiDAR in Senstar's security portfolio, while the company continues integrating Blickfeld and managing related costs.
