Senstar Drops After Q1 as Lidar Strategy in Focus
Senstar Technologies shares fell 4% to $2.68 Tuesday after reporting a $0.8 million net loss and a 4% revenue decline to $8.1 million in Q1. LiDAR sales quadrupled but higher costs from the Blickfeld acquisition and delays in U.S. government projects weighed on results. Gross margin narrowed to 60%. The company ended March with $10.6 million in cash and no debt.