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Revenue growth of 8% year-over-year was primarily driven by strong momentum in EMEA and APAC, particularly within the utilities, data centers, and airport sectors.

The Blickfield acquisition is already yielding synergies, with the combined LiDAR business growing nearly 100% year-over-year and representing 20% of global sales.

Management attributes the return to profitability to the successful integration of Blickfield, which reported positive EBITDA in its first full quarter under Senstar.

U.S. performance was hindered by a 14% revenue decline due to project delays in the corrections vertical following a late 2025 federal government shutdown.

Strategic positioning of LiDAR as a competitor to thermal camera solutions is expanding the total addressable market without cannibalizing existing product lines.

Operational focus remains on improving revenue conversion and leveraging the Senstar partner network to accelerate Blickfield's technology adoption.

Management expects a recovery in the U.S. corrections market during the second half of 2026, noting that no major projects have been canceled.

Two major product launches are scheduled for late Q3 2026: Embedded FiberPatrol for short-distance applications and the Symphony workflow engine to drive recurring software revenue.

The company anticipates sustained growth in EMEA and APAC, supported by a strengthening pipeline and new regional sales leadership in the Middle East and U.S.

R&D expenses are expected to stabilize at approximately $1.3 million per quarter following the full integration of the Blickfield team.

Future profitability goals rely on cross-selling LiDAR into existing security markets and expanding into volume and traffic monitoring.

Operating expenses included $1.2 million in costs specifically associated with the Blickfield acquisition and integration.

Gross margin fluctuated to 64.2% from 66.1% year-over-year, which management attributed to a shift in product mix rather than structural pricing issues.

Cash reserves decreased to $8 million from $22.5 million primarily due to the 10.4 million Euro cash-funded acquisition of Blickfield in February 2026.

Financial income was impacted by non-cash accounting adjustments related to the valuation of monetary assets denominated in foreign currencies.

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Management declined to provide a specific breakdown, stating the company is now operated as a single entity with integrated sales teams.

Confirmed that both the original Blickfield team and Senstar's existing sales force contributed significantly to the 100% LiDAR growth.

The $1.3 million quarterly R&D spend is considered the 'new normal' for the group following the integration of Blickfield's team.

Management is actively seeking government grants in Canada and Germany to potentially offset these costs in future periods.

Management expressed confidence in a second-half recovery based on 'initial signs' of activity resuming.

A new VP of Sales for the USA has been hired to diversify revenue streams into utilities and data centers to mitigate future vertical-specific volatility.