Core Insights - Senstar Technologies Corporation reported a 9% increase in full-year 2024 revenue to 35.8million,drivenbydemandforsophisticatedsecuritysolutionsinkeyverticalmarkets[3][13]−Thecompanyachievedanetincomeof2.6 million in 2024, a significant turnaround from a net loss of 1.3millionin2023,reflectingimprovedprofitabilityandoperationalefficiencies[5][13]−TheCEOhighlightedstrongperformancein2024,withgrowthattributedtokeyverticalsandenhancedsalesefficiency,alongsideoperationalstreamliningandcostmanagement[2][4]FullYear2024FinancialResults−Revenuefor2024was35.8 million, up from 32.8millionin2023,markinga922.9 million, representing 64.1% of revenue, compared to 18.8millionor57.519.0 million from 20.1millioninthepreviousyear,primarilyduetocostmanagementmeasures[4]−Operatingincomeimprovedto3.9 million from an operating loss of 1.3millionin2023[5]−EBITDAfor2024was4.6 million, a significant improvement from an EBITDA loss of 0.3millionin2023[6][13]FourthQuarter2024FinancialResults−Fourthquarterrevenuewas10.2 million, a 14.5% increase from 8.9millioninthesamequarterof2023[7][13]−Grossprofitforthefourthquarterwas6.6 million, or 64.5% of revenue, compared to 5.1millionor56.61.5 million, up from 0.3millionintheyear−agoperiod[9]−Netincomeforthefourthquarterwas1.6 million, or 0.07pershare,comparedto0.4 million, or 0.02pershareinthefourthquarterof2023[9][13]CashPositionandBalanceSheet−AsofDecember31,2024,cashandcashequivalentstotaled20.6 million, up from 14.9millionin2023[6][21]−Thecompanyreportednodebtasoftheendof2024[13]−Totalassetsincreasedto52.1 million from $50.3 million in 2023 [21][24]
