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Here are 1-3 brief analogies to describe Senstar Technologies (SNT):

• They are like the **ADT** for critical infrastructure such as airports, power plants, and prisons.
• Think of them as a specialized **Honeywell** or **Siemens** focused purely on advanced physical perimeter security and intelligent surveillance for sensitive sites.

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• Perimeter Intrusion Detection Systems: A range of sensor technologies, including fence-mounted, buried, and microwave sensors, designed to detect unauthorized entry or activity at the perimeter of a protected site.
• Video Management Software (Senstar Symphony): A comprehensive software platform for recording, viewing, and managing video surveillance footage from a variety of cameras and security devices.
• Intrusion Detection Video Analytics: Intelligent software algorithms that analyze video streams from surveillance cameras to automatically detect and alert security personnel to specific threats or predefined events.

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Senstar Technologies (SNT) sells primarily to other companies and organizations (B2B), providing advanced perimeter intrusion detection, video management, and analytics solutions. Due to the nature of their business in the security sector and a diverse client base, Senstar Technologies typically does not publicly disclose the names of specific customer companies.

Instead, their major customers can be categorized by the types of organizations and industries they serve, which include:

• Government & Public Sector: This category encompasses various governmental entities and public services, most notably correctional facilities (prisons, detention centers), critical national infrastructure (such as power grids, water treatment plants, and telecommunications facilities), and other sensitive public sites requiring high-level security.
• Industrial & Commercial Enterprises: This includes a wide range of private sector entities with high-security needs, such as data centers, oil & gas facilities, mining operations, large logistics and warehousing hubs, manufacturing plants, and other commercial properties safeguarding high-value assets or restricted areas.
• Utilities & Transportation Infrastructure: This segment comprises utility companies (e.g., electricity, water, and gas distribution) and major transportation hubs like airports, seaports, and rail yards, which require robust security to protect vital operations and ensure public safety.

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Fabien Haubert, Chief Executive Officer

Fabien Haubert has served as Senstar Technologies' Chief Executive Officer since April 2023, leading strategy, driving performance, and overseeing business operations globally. He initially joined Senstar in February 2018 as Vice President, Sales – EMEA, and became the Managing Director for the Senstar Group in January 2020. With over 25 years of progressive experience, Mr. Haubert has held executive roles at various UK and Netherlands-based security companies, focusing on video management, IP video surveillance, intrusion, access control, and the telecom sector, where he was responsible for strategic repositioning and growth.

Alicia Kelly, Chief Financial Officer

Alicia Kelly has been Senstar Technologies' Chief Financial Officer since March 2024, after serving as VP of Finance since 2019. She is responsible for global accounting, financial reporting, controls, and financial planning and analysis. Ms. Kelly brings over 20 years of experience in financial management and business leadership within high-tech corporations that have global development and manufacturing capabilities. Before joining Senstar, she spent nearly a decade in group controller roles, overseeing worldwide operations for Curtiss-Wright's Defense Solutions segment. Her career also includes progressive financial management positions in software development and contract manufacturing companies.

Matthieu Currat, Chief Operating Officer

Matthieu Currat has served as Senstar's Chief Operating Officer since July 2024 and as Vice President APAC since December 2023. Prior to his current roles at Senstar, he held multiple leadership positions at Omnisens SA, including CEO and COO, where he was instrumental in leading strategy, implementing business improvements, and managing its successful integration within Prysmian Group. Mr. Currat's earlier career involved various engineering and management positions at Technip across several countries.

Jeremy Weese, Chief Technology Officer

Jeremy Weese has served as Senstar's Chief Technology Officer since March 2020. He began his career at Senstar in 1999 as a design engineer and progressed through various levels of responsibility within the research and development department. Before becoming CTO, Mr. Weese was responsible for the company's product portfolio and research and development activities as VP of Engineering and also served as COO, overseeing overall operations.

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The key risks to Senstar Technologies (SNT) include:

1. Inability to Consistently Achieve Profitability and Fluctuating Operating Results: Senstar Technologies incurred a loss in 2023 and has experienced major losses in past years, with no guarantee of future profitability. The company's operating results are subject to fluctuations from quarter to quarter and year to year.
2. Dependence on Government Procurement and Exposure to Global Economic and Supply-Chain Challenges: A substantial portion of Senstar's revenues relies on government procurement procedures and practices. Additionally, the company's operations have been negatively impacted by global supply-chain challenges, and its financial results may be significantly affected by challenging global economic conditions.
3. Volatility as a Micro-Cap Stock and Inconsistent Revenue Growth: As a micro-cap stock with below-average selling volume, Senstar's shares are susceptible to aggressive selling, particularly around significant events like earnings announcements, due to lower overall investor participation. Furthermore, while the company has shown strong profit margin gains, its quarterly earnings have demonstrated volatility, and revenue has not consistently increased.

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Advanced AI-powered video analytics and autonomous surveillance systems.

These emerging technologies, often integrated with high-resolution cameras and machine learning algorithms, are becoming increasingly sophisticated at autonomously detecting, classifying, and tracking potential threats across perimeters and large areas. This capability reduces reliance on traditional fixed perimeter intrusion detection systems (PIDS) by offering intelligent, software-driven detection with high accuracy and fewer false alarms. Companies heavily investing in AI-first security solutions are challenging the market by providing systems that can effectively act as primary detection layers, potentially displacing the need for or diminishing the perceived value of solely sensor-based perimeter security solutions.

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Senstar Technologies (SNT) operates in several key security markets, offering products and services primarily focused on perimeter intrusion detection, video management and analytics, and access control. Below are the addressable market sizes for their main offerings:

• Perimeter Security / Perimeter Intrusion Detection Systems (PIDS):
  • The global perimeter security market was valued at USD 64.60 billion in 2022 and is projected to reach USD 132.44 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.4% from 2023 to 2030.
  • Another estimate places the global perimeter security market size at USD 77.46 billion in 2024, with a projection to reach USD 174.17 billion by 2033, demonstrating a CAGR of 9.42% from 2025 to 2033.
  • North America is a dominant region in this market, holding a 38.32% share in 2023.
  • Specifically, the global Perimeter Intrusion Detection Systems (PIDS) market is forecast to reach USD 41.86 billion by 2030, with a CAGR of 15.29% from 2024 to 2030. North America accounted for 33% of the PIDS market share in 2023.
• Video Management Software (VMS) & Video Analytics:
  • The global video management software market was estimated at USD 11.67 billion in 2024 and is projected to grow to USD 40.93 billion by 2033, at a CAGR of 14.3% from 2025 to 2033.
  • Other estimates for the global video management system market show a value of USD 17.12 billion in 2024, predicted to reach approximately USD 108.77 billion by 2034, with a CAGR of 20.31% from 2025 to 2034.
  • North America held the largest market share in the video management software industry, with 35.5% in 2024. The U.S. video management system market size was USD 11.98 billion in 2024 and is projected to reach around USD 76.68 billion by 2034.
• Access Control:
  • Senstar identifies access control as one of its primary domains. One source indicates a market size of USD 7.8 billion for Access Control, without specifying a year or region.
  • Access control systems are also a component within the broader perimeter security market.
• Security Sensors (as a component of their PIDS and general security offerings):
  • The global security sensors market was valued at USD 12 billion in 2024 and is projected to expand at a CAGR of 10%, reaching USD 25 billion by 2032.
  • North America is a leading region in the security sensors market due to high demand for advanced security systems.

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Senstar Technologies (SNT) is expected to drive future revenue growth over the next two to three years through several key strategies:

1. Expansion within Key Vertical Markets: Senstar Technologies is focused on expanding its presence and market share in high-potential sectors. This includes continued growth in areas such as correctional sales, which saw significant increases, and a strategic emphasis on utilities, logistics, energy, data centers, solar farms, and airport facilities. The company aims to address modernization challenges and reinforce its commitment to further penetrate these verticals.
2. Innovation and Launch of New Security Solutions: A core driver of future revenue growth for Senstar Technologies is its commitment to innovation and the development of differentiated security solutions. The company is making strategic investments in technology to address the rising global need for intelligent security solutions. The full launch and ongoing progress of its Senstar MultiSensor technology, which provides advanced and disruptive security solutions tailored to targeted vertical markets, is a particular highlight.
3. Geographic Expansion and Enhanced Distribution Network: Senstar Technologies is actively working to broaden its market reach geographically. This includes strengthening its global network of certified value-added resellers (VARs) and system integrators (SIs), and developing reseller networks to expand into under-penetrated regions. The company has already demonstrated growth in regions such as the U.S. and EMEA, which experienced a 52% year-over-year increase in Q2 2025.

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Share Repurchases

• Senstar Technologies announced a cash distribution of approximately US$25 million, or US$1.079 per share, on December 7, 2020.
• Canadian regulations limit share repurchases to no more than 5% of outstanding Common Shares in any 12-month period on a published market.

Share Issuance

• The number of common shares outstanding has remained relatively stable, with 23,309,987 common shares as of December 31, 2023.
• As of June 30, 2025, there were 23,331,653 shares issued and outstanding.
• The increase in shares outstanding was approximately 0.06% in one year.

Outbound Investments

• On June 30, 2021, Senstar Technologies completed the sale of its Integrated Solutions Division to Aeronautics Ltd. for a total consideration of $35 million in cash.

Capital Expenditures

• Senstar is making strategic investments in technology to address the rising global need for intelligent security solutions.
• The company plans to expand its business development team to accelerate market share gains in high-potential sectors.
• Investments are focused on technological innovation, particularly in renewable energy, data centers, and utility sectors, including ongoing progress with multisensor technologies.