Senstar Technologies (formerly Magal Security Systems)

First quarter 2026 revenue of $8.1 million, down 4%, gross margin down to 60.0% from 67.2%, an operating loss of $0.6 million and a net loss of $0.8 million against net income of $1.0 million a year earlier. Cash of $10.6 million against $22.5 million at 31 December 2025, following the Blickfeld acquisition completed on 13 February 2026. Chief executive Fabien Haubert attributed the result to 'continued project timing delays and elongated customer procurement cycles, particularly in portions of the U.S. government verticals'. Confirms that public-sector procurement decisions move this company's numbers.

The company's own primary filing. Records that it 'commenced operations in 1969 as a department of Israel Aircraft Industries Ltd., specializing in perimeter security systems' and 'was incorporated under the laws of the State of Israel on March 27, 1984 under the name Magal Security Systems Ltd.'; that 'On December 15, 2025, the predecessor entity, Senstar Technologies Ltd., was dissolved'; and that 'The FIMI partnerships owned approximately 42.2% of our outstanding Common Shares as of April 29, 2026.' Reports 2025 revenue of $36.37 million split North America $17.96m, Europe $12.83m, APAC $4.94m, South and Latin America $0.47m and other $0.18m, with about 94.5% of revenue earned outside Canada, and 23,331,653 common shares outstanding. Names its markets as national borders, military bases, power plants, airports, seaports, prisons, industrial sites, utilities, logistics and data centres. No Israeli operating subsidiary is disclosed.

Full year 2025 revenue of $36.4 million, up 2%, gross margin 65.5%, operating income $3.0 million, net income $3.2 million or $0.14 per share, cash and deposits of $22.5 million with no debt. Fourth quarter revenue fell 14% to $8.8 million with an operating loss of $159,000. Canada grew 110% and APAC 21%, offset by United States government project delays.

Company announcement that the UK National Protective Security Authority certified the FlexZone-60 guided radio frequency fence sensor and the FiberPatrol FP1150 fibre-optic sensor for performance when installed on an NPSA-specified fence system, the standard governing high-security perimeter protection at UK critical national infrastructure, government facilities and high-value assets. Chief executive Fabien Haubert said the certification 'gives our customers confidence that these systems will perform reliably in the most challenging security applications'.

The International Court of Justice found Israel's continued presence in the occupied Palestinian territory unlawful, held settlements and their associated economic activity contrary to international law, and set out obligations on states in relation to trade and dealings with settlements. The framework on which procurement exclusion decisions rest.

Company announcement that the redomiciliation from Israel to Ontario took effect on 18 March 2024, with shares trading on the Nasdaq Global Market as Senstar Technologies Corporation from 19 March 2024 under the symbol SNT. Chairman Gillon Beck: 'Redomiciling Senstar Technologies from Israel to Canada streamlines the corporate structure, and entrusts the stewardship of the Company's strategic vision to our seasoned Canadian leadership team.' Fabien Haubert moved from interim chief executive to chief executive of the Canadian entity, Alicia Kelly became chief financial officer, and the Israel-based chief financial officer Tomer Hay stepped down. Shareholders had approved the plan on 27 December 2023.

Records that Magal Security Systems was contracted to construct the barrier between Israel and the Gaza Strip from 2002, fortified it after 2005 and upgraded it several times since. Quotes the company's former chief executive Saar Koursh, from an April 2018 Bloomberg interview: 'It would take about 30 seconds to cross'; 'This fence wasn't built to stop riots. It was built to give real-time indication if somebody is trying to cross.' The article also refers to the Israeli Ministry of Defence 'Iron Wall' upgrade completed in December 2021 after three and a half years, without naming its builder.

Profile of the Israeli fencing manufacturer that has supplied security fencing to settlements across the occupied West Bank including Karnei Shomron, Ariel, Modi'in Illit and Beitar Illit, a 70-kilometre fence for the Gaza perimeter barrier and a 241-kilometre border fence with Egypt. Records that 'In Karnei Shomron, the fence incorporates electronic detection systems by Magal.' Involvement categories: Settlement Enterprise, Israeli Construction on Occupied Land, Services to the Settlements, Population Control, Specialized Equipment and Services, The Wall and Checkpoints. Page valid until 20/08/2023.

Profile of the Israeli UAV and surveillance manufacturer, held 50% by Rafael Advanced Defense Systems Ltd and 50% by Avichay Stolero as of September 2019. Records that 'In 2021, Aeronautics purchased the Projects Division of Magal Security Systems which is globally active in Home Land Security.' The same profile documents Aeronautics' contracts for visual intelligence in Gaza and the West Bank since 2002 and the deployment of its Pegasus 120 UAV with crowd control weapons against protesters in Gaza in May 2018. Page valid until 14/09/2021.

Company announcement of the sale of its Integration Solutions, or projects, division, including the Yehud facility in Israel, to Aeronautics Ltd, a subsidiary of Rafael Advanced Defense Systems Ltd, for approximately $35 million in cash on a cash-free, debt-free basis, expected to close in the second quarter of 2021. The retained Senstar product division, with development and manufacturing in Canada, had generated 46% of consolidated revenue over the preceding twelve months at a 64% gross margin. Establishes that the turnkey barrier business and the sensor business separated in 2021.

The successor business states on its own website that 'Magal was acquired by Aeronautics Ltd., a subsidiary of RAFAEL Advanced Defense Systems Ltd., in February 2021', describes itself as a leading global integrator of large-scale turnkey projects with over 55 years of experience, more than 2,500 projects and installations in over 100 countries, and serves national borders, seaports, oil and gas and critical infrastructure including correctional facilities. Confirms where the barrier-building business went.

Reports that Magal Security Systems 'helped isolate Gaza from the outside world' and 'helped build Israel's illegal barrier in the occupied West Bank', that Gaza had become a sales prop for the company's smart fences, and cites Who Profits on Magal's operations in Israeli settlements in the occupied West Bank. Documents the company marketing its Israeli border work internationally.

The International Court of Justice held that the construction of the wall in the occupied Palestinian territory, including in and around East Jerusalem, and its associated regime, are contrary to international law; that Israel is under an obligation to cease construction, dismantle the sections built and make reparation for damage caused; and that all states are under an obligation not to recognise the unlawful situation or render aid or assistance in maintaining it. The finding that governs the barrier this company equipped.

The primary contemporaneous record. Magal Security Systems announced it had won 80% of the bids issued by the Israeli Defence Ministry to build intrusion detection systems along the West Bank separation barrier. The value of the bids won was $15 million, covering 100 kilometres of the project, with a first phase worth $3 million scheduled for the fourth quarter of 2002 and the remainder through 2003. Defence Ministry bids issued to that date covered about 125 kilometres, roughly one third of the planned length.