Senstar Technologies reported a return to profitability in the second quarter of 2026, with net income of $351,000, or $0.02 per share, compared with a $1.2 million profit in the same period a year earlier. Revenue increased 8% to $10.4 million from $9.7 million, driven by a near doubling of LiDAR sales, which now account for 20% of global revenue.
EBITDA totaled $551,000, a decline from $1.1 million in Q2 2025 but an improvement from a negative $403,000 in the first quarter. Gross margin narrowed to 64.2% from 66.1% a year ago, while operating expenses rose 18% to $6.4 million, including $1.2 million in integration costs related to the February 2026 acquisition of Blickfeld for €10.4 million in cash.
Geographic performance showed sharp divergence, with Asia-Pacific revenue surging 93% year-over-year to 19% of total sales, led by utilities, data centers and airports in South Asia and Japan. Europe, the Middle East and Africa grew 14% to 37% of revenue, while North America declined 12% to 43%, with U.S. weakness in corrections projects tied to the late-2025 federal shutdown. Canada rebounded with a 19% increase.
LiDAR’s momentum was highlighted as a key growth driver, with sales nearly doubling year-over-year and contributing to the company’s push into embedded fiber optic sensing and software automation tools. Management outlined two upcoming product launches for the second half of 2026: the Embedded FiberTrench, a next-generation perimeter intrusion detection system with embedded AI, and the Symphony Workflow Engine, designed to automate security and logistics tasks and support recurring software revenue. Blickfeld, acquired in February, contributed €300,000 to R&D costs in the quarter, with the combined business targeting a normalized quarterly run rate of $1.43 million.
Cash and equivalents stood at $8.0 million as of June 30, down from $22.5 million at year-end 2025, while total debt remained at zero. The company’s market capitalization was $40.4 million, with shares trading at $1.73, near the low end of their 52-week range of $1.60 to $5.34. Management projected full-year revenue of $36.37 million and earnings per share of $0.10 for fiscal 2026/2027, though these figures were not presented as formal guidance.
