Strong Revenue Growth
Senstar Technologies reported a 12.5% revenue growth in the first quarter of 2025, increasing from $7.5 million in the first quarter of 2024 to $8.4 million. This was driven by strong performance across geographic and vertical markets.
Significant Margin Expansion
The gross margin expanded to 67.2% from 59.6% in the previous year, a 752 basis point improvement due to favorable product mix and cost optimization.
Remarkable Regional Performance
Canada led the geographic regions with a 58% year-over-year revenue growth. APAC region saw a 40% revenue increase, and EMEA had a 19% growth.
EBITDA and Net Income Increase
EBITDA rose to $1.2 million, with a margin of 14.3%, compared to $114,000 in the previous year. Net income was $1 million, or $0.04 per share, compared to a net loss of $746,000 or negative $0.03 per share in the previous year.
Global Diversification Success
Senstar's global diversification strategy remains strong, with EMEA representing 30% of total revenue, up from 28%, and APAC increasing to 17% from 14%.