Security

Senstar Reports Strong 2024 Results with 9% Revenue Growth

In this Research Note, we examine Senstar Technologies (NASDAQ: SNT), a Canadian provider of perimeter intrusion detection systems for the protection of critical infrastructure, based on their 2024 20F financial report, earnings release, investor presentation, vertical market focus, and strategy.  This article updates our previous June 2023 analysis. Senstar Profile Founded in 1984 as an Israeli company, Magal Security Systems with the objective of bringing security technologies originally targeted for military applications to the commercial market, the company changed its name to Senstar Technologies in 2021. In 2023, they became domiciled in Ontario, Canada as Senstar Technologies Corporation. As of December 31, 2024, the company employed 126 full-time employees. Senstar manufactures, sells, and supports a large portfolio of perimeter intrusion detection systems, video management software, and intelligent video analytics as well as access control products and technologies. Their installed perimeter intrusion detection products stretch over 50,000 km (31,000 mi), and the company has over 25,000 […]

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