Revenue growth of 8% is encouraging but the dramatic profit compression and cash burn rate of ~$2.4M/month are red flags for a $41M market cap company. Monitor the earnings call for concrete guidance on when the U.S. corrections vertical delays resolve and whether Blickfeld integration costs will continue to suppress margins. The cash runway at current burn appears tight — less than 4 months if the pace continues without improvement.
Price Chart
Executive Summary
Senstar Technologies reported Q2 2026 revenue of $10.4M (+8% YoY) with gross margin declining to 64.2% from 66.1%. Net income dropped sharply to $0.4M ($0.02/share) from $1.2M ($0.05/share) in the prior year, as operating expenses rose 18% due to the Blickfeld acquisition and R&D investments. Cash balance plunged to $8.0M from $22.5M at year-end 2025, a $14.5M burn over six months that raises liquidity concerns despite the company having no debt.
Key Facts
- Q2 2026 revenue $10.4M, +8% YoY from $9.7M
- Q2 2026 gross margin 64.2%, down from 66.1%
- Q2 2026 net income $0.4M ($0.02 EPS) vs $1.2M ($0.05 EPS) a year ago
- Q2 2026 operating income $0.3M vs $1.0M in Q2 2025
- Q2 2026 EBITDA $0.6M vs $1.1M in prior year
- Cash and short-term deposits $8.0M at June 30, 2026, down from $22.5M at Dec 31, 2025
- No debt as of June 30, 2026
- Blickfeld acquisition contributed to higher expenses and was cited as cause of operating income decline; Blickfeld posted profitable EBITDA in Q2
- H1 2026 revenue $18.5M (+2%), but net loss of $0.5M vs net income of $2.2M in H1 2025
Financial Impact
Net income declined 71% YoY from $1.2M to $0.4M; cash burn $14.5M over six months; operating margin compressed from 10.1% to 3.3%
Risk Factors
- Cash burn of $14.5M in six months — at current pace, only ~3-4 months of runway remain
- Net income down 71% YoY despite revenue growth, signaling cost structure issues
- Blickfeld acquisition costs and R&D spending may not deliver expected returns
- U.S. corrections vertical delays due to government shutdowns could persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (SNT) — Batch item 1 | 0001178913-26-004247 |
| Document: 0001178913-26-004247-index-headers.html | 0001178913-26-004247 |
| Document: 0001178913-26-004247-index.html | 0001178913-26-004247 |
| Document: 0001178913-26-004247.txt | 0001178913-26-004247 |
| 6-K Filing (SNT) — Batch item 5 | 0001178913-26-004247 |
| Document: 0001178913-26-004247-index-headers.html | 0001178913-26-004247 |
| Document: 0001178913-26-004247-index.html | 0001178913-26-004247 |
| Document: 0001178913-26-004247.txt | 0001178913-26-004247 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 9w ago | 6-K | $1.74 | awaiting T+60 | — | $1.56 (−10.34%) |
Aug 25, 2026 9w ago | Press Release | $1.74 | awaiting T+60 | — | $1.56 (−10.34%) |
Jun 29, 2026 17w ago | 6-K | $1.92 $1.49 | ▼ −22.40% | ▼ −26.77% | $1.56 (−18.75%) |
Jun 5, 2026 20w ago | 6-K | $2.48 $1.76 | ▼ −29.03% | ▼ −33.03% | $1.56 (−37.10%) |
May 28, 2026 21w ago | 6-K | $2.63 $1.75 | ▲ +33.46% | ▲ +35.20% | $1.56 (+40.68%) |
Apr 24, 2026 26w ago | 6-K | $3.00 $1.70 | ▼ −43.33% | ▼ −48.41% | $1.56 (−48.00%) |
US Market Status
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