New York, May 26, 2026, 16:06 EDT
- Senstar stock was recently at $2.68, off 11 cents, or roughly 4%, after its Q1 update.
- Senstar Technologies posted $8.1 million in revenue, a 4% drop from last year. Net loss for the period was $0.8 million.
- Management said LiDAR sales jumped about four times, but Blickfeld costs dragged on the quarter. LiDAR is a sensor technology that uses laser light to map 3D surroundings.
Senstar Technologies shares dropped Tuesday as the Ottawa security company posted a loss for the first quarter. Delays in U.S. government projects weighed, and higher costs tied to its Blickfeld buy ate into early LiDAR gains.
The stock traded at $2.68 on Nasdaq, off roughly 4%. The move lagged tech, with the Nasdaq Composite up 1.13% during the session, per Nasdaq index data.
Senstar is pitching investors on its move into 3D sensing as a way to expand what’s been a small market for the company, which has a market value of around $62.5 million and trades lightly. The first quarter was the first full test since Senstar finished buying Germany’s Blickfeld in February.
Revenue slipped to $8.1 million from $8.4 million last year. Gross margin narrowed to 60.0% from 67.2%. Operating expenses were up 18% to $5.5 million. Net loss came in at $0.04 a share, after the company posted earnings of $0.04 a share in the year-ago period.
Senstar CEO Fabien Haubert said “project timing delays” and a slower pace of customer buying, mostly in U.S. government markets, weighed on the quarter. Haubert said Senstar does “not believe they reflect a deterioration” in demand. PR Newswire
LiDAR was the standout in the report. Haubert told the call that consolidated LiDAR revenue made up 11% of total sales and said sales from Blickfeld and Senstar LiDAR together jumped to about four times last year’s figure. He described LiDAR as a “technological cornerstone” for the firm. Investing
Alicia Kelly, the CFO, told the call the drop in revenue came from project timing issues in Asia-Pacific and the impact of the U.S. shutdown, though “positively offset by a stronger performance from lidar.” Revenue in EMEA was up 43%. North America dropped 20%, and Asia-Pacific was down 30%, Kelly said. Investing
Balance sheet support remains. Senstar finished March holding $10.6 million in cash, cash equivalents and short-term deposits, not counting $0.9 million in restricted cash, and reported zero debt. That’s down from $22.5 million at December’s close after accounting for the Blickfeld acquisition and first-quarter operating losses.
Competition is tight. Senstar in its latest annual report points to Genetec and Milestone Systems as video-management software rivals, and lists Ouster as a LiDAR competitor. The company also flagged that several competitors hold bigger research budgets, deeper pockets, and more personnel.
The risk is that public-sector jobs don’t come through on schedule, or Blickfeld costs keep piling up before sales catch up. Senstar’s results are also tied to project dates in government and critical-infrastructure, where delays in procurement can hit margins fast if volumes stay light.
Investors are watching one thing for now: if the postponed U.S. corrections and government jobs pick up in the second half like management thinks. They also need to see LiDAR growth fast enough to balance out higher integration costs.
