operations ($0.01) $0.06 ($0.07) $0.03
Basic and diluted
net income
(loss) per share
from
discontinued
operations, net - - - ($0.01)
---------- ---------- ---------- ----------
Basic and diluted
net income
(loss) per
share ($0.01) $0.06 ($0.07) $0.02
========== ========== ========== ==========
Weighted average
number of shares
used in
computing basic
net income
(loss) per
share 23,309,987 23,309,987 23,309,987 23,307,331
========== ========== ========== ==========
Weighted average
number of shares
used in
computing
diluted net
income (loss)
per share 23,309,987 23,309,987 23,309,987 23,309,964
========== ========== ========== ==========
SENSTAR TECHNOLOGIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(All numbers except EPS expressed in thousands of US$)
Three Months Nine Months
Ended September 30, Ended September 30,
---------------------- ----------------------
2023 % 2022 % 2023 % 2022 %
---------- ---------- ----------
Gross margin 56.5 61.1 57.8 62.0
Research and
development, net
as a % of
revenues 11.5 10.6 13.0 12.5
Selling and
marketing as a %
of revenues 26.8 22.1 31.3 26.0
General and
administrative as
a % of revenues 16.8 16.8 19.8 21.2
Operating margin 1.4 11.6 - 2.2
Net margin from
continuing
operations - 12.8 - 2.3
SENSTAR TECHNOLOGIES
RECONCILIATION OF EBITDA FROM CONTINUING OPERATION TO INCOME (LOSS)
FROM CONTINUING OPERATION
(All numbers expressed in thousands of US$)
Three Months Nine Months
Ended September 30, Ended September 30,
---------------------- ----------------------
2023 2022 2023 2022
----------- ---------- ----------
GAAP income (loss)
from continuing
operations (122) 1,247 (1,722) 578
Less:
Financial income
(expenses), net (64) 212 (98) (136)
Taxes on income (tax
benefits) 181 97 97 (147)
Depreciation and
amortization (199) (344) (729) (1,104)
----------- --------- ---------- ----------
EBITDA from
continuing
operations 322 1,476 (798) 1,671
----------- --------- ---------- ----------
SENSTAR TECHNOLOGIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)
September 30, December 31,
2023 2022
------------- ------------
CURRENT ASSETS:
Cash and cash equivalents $12,600 $14,937
Short-term bank deposits 110 110
Restricted cash and deposits 5 5
Trade receivables, net 8,461 9,973
Unbilled accounts receivable 477 350
Other accounts receivable and prepaid expenses 2,015 1,441
Inventories 8,368 8,443
Total current assets 32,036 35,259
------------- ------------
Long term ASSETS:
Deferred tax assets 2,076 1,981
Operating lease right-of-use assets 790 987
Total long-term assets 2,866 2,968
------------- ------------
PROPERTY AND EQUIPMENT, NET 1,514 1,651
------------- ------------
INTANGIBLE ASSETS, NET 960 1,142
------------- ------------
GOODWILL 10,923 10,866
------------- ------------
Total assets $48,299 $51,886
============= ============
SENSTAR TECHNOLOGIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All numbers expressed in thousands of US$)
September 30, December 31,
2023 2022
------------- ------------
CURRENT LIABILITIES:
Trade payables $973 $2,408
Customer advances 251 239
Deferred revenues 2,663 2,866
Other accounts payable and accrued expenses 4,715 4,749
Short-term operating lease liabilities 250 248
Total current liabilities 8,852 10,510
------------- ------------
LONG-TERM LIABILITIES:
Deferred revenues 1,238 1,463
Deferred tax liabilities 863 865
Accrued severance pay 303 330
Long-term operating lease liabilities 571 757
Other long-term liabilities 249 274
Total long-term liabilities 3,224 3,689
------------- ------------
SHAREHOLDERS' EQUITY
Share Capital: Ordinary shares of NIS 1 par
value -
Authorized: 39,748,000 shares at September
30, 2023 and December 31, 2022; Issued and
outstanding: 23,309,987 shares at September
30, 2023 and 23,309,987 shares at December
31, 2022 6,799 6,799
Additional paid-in capital 30,513 30,503
Accumulated other comprehensive loss $(564.SI)$ (758)
Foreign currency translation adjustments
(stand-alone financial statements) 9,708 9,654
Accumulated deficit (10,233) (8,511)
------------- ------------
TOTAL SHAREHOLDERS' EQUITY 36,223 37,687
------------- ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $48,299 $51,886
============= ============
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View original content:https://www.prnewswire.com/news-releases/senstar-technologies-reports-third-quarter-2023-financial-results-302001991.html
SOURCE Senstar Technologies Ltd.
(END) Dow Jones Newswires
November 30, 2023 07:16 ET (12:16 GMT)
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