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Senstar Technologies Corporation
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119 John Cavanaugh Drive
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T: +1-613-839-5572
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Ottawa, ON
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Canada K0A 1L0
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www.senstar.com
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Revenue of $36.4 million with gross margin of 65.5% compared to $35.8 million and 64.1%, respectively in the full year of 2024.
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Net income of $3.2 million compared to $2.6 million in 2024.
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Full year 2025 EBITDA of $3.7 million compared to $4.6 million last year, reflecting higher operating expenses related to the Blickfeld acquisition.
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Ended the year with $22.5 million in cash and short-term bank deposits and no debt, compared with $20.6 million as of December 31, 2024.
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Revenue of $8.8 million with gross margin of 61.5% compared to $10.2 million and 64.5%, primarily impacted by US government projects delays following shutdown, and a non-recurring 2024 project in EMEA, with associated revenue expected to
shift into 2026.
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Net loss of $33,000 compared to Net Income of $1.6 million in the fourth quarter of last year.
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Fourth quarter EBITDA of $15,000 compared to $1.6 million in the fourth quarter of last year.
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| For more information: | IR Contact: |
| Senstar Technologies Corporation | Hayden IR |
| Alicia Kelly, | Corbin Woodhull, |
| Chief Financial Officer | Managing Director |
| Alicia.Kelly@senstar.com | Corbin@HaydenIR.com |
| +1-602-476-1821 |
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Three Months
Ended December 31,
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Twelve Months
Ended December 31,
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2025
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2024
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% change
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2025
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2024
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% change
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Revenue
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8,772
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10,235
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(14
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)
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36,374
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35,753
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2
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Cost of revenue
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3,380
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3,636
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(7
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)
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12,537
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12,836
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(2
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)
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Gross profit
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5,392
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6,599
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(18
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)
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23,837
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22,917
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4
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Operating expenses:
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Research and development, net
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736
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809
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(9
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)
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3,348
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4,151
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(19
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)
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Selling and marketing
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2,581
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2,605
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(1
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)
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9,632
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8,998
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7
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General and administrative
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2,234
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1,719
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30
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7,847
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5,885
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33
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||||||||||||||||||
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Total operating expenses
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5,551
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5,133
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8
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20,827
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19,034
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9
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||||||||||||||||||
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Operating income (loss)
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(159
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)
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1,466
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3,010
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3,883
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Financial income (expenses), net
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(150
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)
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463
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(71
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)
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(731
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)
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Income before income taxes
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(309
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)
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1,929
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3,081
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4,614
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Taxes on income (tax benefits)
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(276
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)
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324
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(136
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)
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1,977
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Net income (loss)
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(33
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)
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1,605
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3,217
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2,637
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Basic and diluted net income per share
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$
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0.00
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$
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0.07
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$
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0.14
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$
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0.11
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Weighted average number of shares used in computing basic net income (loss) per share
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23,331,653
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23,326,653
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23,331,653
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23,326,653
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Weighted average number of shares used in computing diluted net income (loss) per share
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23,626,234
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23,316,885
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23,459,946
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23,311,721
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Three Months
Ended December 31,
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Twelve Months
Ended December 31,
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2025
%
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2024
%
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2025
%
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2024
%
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Gross margin
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61.5
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64.5
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65.5
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64.1
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Research and development, net as a % of revenues
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8.4
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7.9
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9.2
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11.6
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Selling and marketing as a % of revenues
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29.4
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25.5
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26.5
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25.2
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General and administrative as a % of revenues
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25.5
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16.8
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21.6
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16.5
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Operating margin
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-
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14.3
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8.3
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10.9
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Net margin (loss)
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-
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15.7
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8.8
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7.4
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Three Months
Ended December 31,
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Twelve
Ended December 31,
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2025
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2024
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2025
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2024
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GAAP income (loss)
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(33
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)
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1,605
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3,217
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2,637
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Less:
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Financial income (expenses), net
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(150
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)
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463
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71
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731
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Taxes on income (tax benefits)
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(276
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)
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324
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(136
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)
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1,977
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Depreciation and amortization
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(175
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)
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(181
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)
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(676
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)
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(733
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)
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EBITDA
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15
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1,647
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3,684
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4,616
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December 31,
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December 31,
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2025
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2024
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CURRENT ASSETS:
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Cash and cash equivalents
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$
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22,341
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$
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20,466
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Short-term bank deposits
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127
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111
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Restricted cash and deposits
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6
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5
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Trade receivables, net
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9,840
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10,306
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Unbilled accounts receivable
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219
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228
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Other accounts receivable and prepaid expenses
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2,710
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2,161
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Inventories
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5,591
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4,957
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Total current assets
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40,834
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38,234
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LONG TERM ASSETS:
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Deferred tax assets
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671
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1,158
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Operating lease right-of-use assets
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549
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528
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Total long-term assets
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1,220
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1,686
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PROPERTY AND EQUIPMENT, NET
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1,622
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1,328
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INTANGIBLE ASSETS, NET
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142
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468
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GOODWILL
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10,850
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10,360
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TOTAL ASSETS
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$
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54,668
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$
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52,076
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December 31,
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December 31,
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2025
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2024
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CURRENT LIABILITIES:
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Trade payables
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$
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1,889
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$
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2,689
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Deferred revenues and customer advances
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2,884
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3,044
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Other accounts payable and accrued expenses
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3,993
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6,433
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Short-term operating lease liabilities
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269
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254
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Total current liabilities
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9,035
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12,420
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LONG-TERM LIABILITIES:
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Deferred revenues
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1,510
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1,171
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Deferred tax liabilities
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580
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443
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Long-term operating lease liabilities
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289
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296
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Other long-term liabilities
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38
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70
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Total long-term liabilities
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2,417
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1,980
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SHAREHOLDERS' EQUITY
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Share Capital: Common shares - 39,748,000 shares authorized -
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No par value, 23,331,653 and 23,326,653 shares issued and outstanding at December 31, 2025 and at December 31, 2024, respectively
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-
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-
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Additional paid-in capital
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38,005
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37,377
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Accumulated other comprehensive income (loss)
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(507
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)
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(980
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)
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Foreign currency translation adjustments (stand-alone financial statements)
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9,664
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8,442
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Accumulated deficit
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(3,946
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)
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(7,163
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)
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TOTAL SHAREHOLDERS' EQUITY
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43,216
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37,676
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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
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$
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54,668
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$
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52,076
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