11 results
20-F
2023 FY
Senstar Technologies Corp
19 Apr 24
Annual report (foreign)
9:49am
The following table presents certain financial data expressed as a percentage of revenues for the periods indicated for the continuing operations:
Year Ended December 31 | ||||||||||||
2023 | 2022 | 2021 | ||||||||||
Revenues | 100 | % | 100 | % | 100 | % | ||||||
Cost of revenues | 43 | % | 40 | % | 37 | % | ||||||
Gross profit | 57 | % | 60 | % | 63 | % | ||||||
Operating expenses: | ||||||||||||
Research and development, net | 12 | % | 11 | % | 11 | % | ||||||
Selling and marketing, net | 30 | % | 25 | % | 29 | % | ||||||
General and administrative | 19 | % | 20 | % | 20 | % | ||||||
Operating income (loss) | (4 | )% | 4 | % | 3 | % | ||||||
Financial income (expenses), net | - | - | (3 | )% | ||||||||
Income (loss) before income taxes | (4 | )% | 5 | % | - | |||||||
Taxes on income (tax benefit) | - | (7 | )% | 6 | % | |||||||
Income (loss) from continuing operations | (4 | )% | 11 | % | (6 | )% |
20-F
2023 FY
Senstar Technologies Corp
19 Apr 24
Annual report (foreign)
9:49am
Cash and cash equivalents | $ | 2,008 | ||
Restricted cash and deposits | 371 | |||
Trade receivables and unbilled accounts receivable | 11,323 | |||
Other accounts receivable and prepaid expenses | 3,140 | |||
Inventories | 7,120 | |||
Deferred tax assets | 2,083 | |||
Operating lease right-of-use assets, net of operating lease liabilities | 46 | |||
Other long-term assets | 42 | |||
Property and equipment, net | 3,926 | |||
Goodwill and intangible assets, net | 302 | |||
Trade payables | (4,156) | |||
Customer advances | (3,420) | |||
Other accounts payable and accrued expenses and deferred revenues | (8,123) | |||
Severance pay, net | (41) | |||
Total net assets sold | $ | 14,621 |
20-F
2023 FY
Senstar Technologies Corp
19 Apr 24
Annual report (foreign)
9:49am
As of December 31, 2023 and 2022, balances in respect to ASC 740, "Income Taxes" amounted to $1,113 and $1,053, respectively. A reconciliation of the beginning and ending amount of unrecognized tax positions is as follows:
December 31, | ||||||||
2023 | 2022 | |||||||
Balance at the beginning of the year | $ | 1,053 | $ | 2,003 | ||||
Additions based on tax positions taken related to the current year | 148 | 94 | ||||||
Reduction related to expirations of statute of limitations or settlements of tax matters | (92) | (1,087) | ||||||
Foreign currency translation adjustments | 4 | 43 | ||||||
Balance at the end of the year | $ | 1,113 | $ | 1,053 |
20-F
2023 FY
Senstar Technologies Corp
19 Apr 24
Annual report (foreign)
9:49am
The following table sets forth, for each of the years indicated, the fees billed by our principal independent registered public accounting firm, Kost Forer Gabbay & Kasierer, a member of Ernst & Young global. All of such fees were pre-approved by our Audit Committee.
Year Ended December 31, | ||||||||
Services Rendered | 2023 | 2022 | ||||||
Audit (1) | 267,000 | 232,000 | ||||||
Tax (2) | 161,000 | 56,000 | ||||||
Other (3) | 3,000 | 4,000 | ||||||
Total | 431,000 | 292,000 |
20-F
2023 FY
Senstar Technologies Corp
19 Apr 24
Annual report (foreign)
9:49am
U.S. dollars in thousands (except share and per share data)
December 31, | ||||||||
2023 | 2022 | |||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
CURRENT LIABILITIES: | ||||||||
Trade payables | $ | 1,650 | $ | 2,408 | ||||
Customer advances | 187 | 239 | ||||||
Deferred revenues | 2,878 | 2,866 | ||||||
Other accounts payable and accrued expenses (Note 9) | 5,052 | 4,877 | ||||||
Short-term operating lease liabilities (Note 5) | 297 | 248 | ||||||
Total current liabilities | 10,064 | 10,638 | ||||||
LONG-TERM LIABILITIES: | ||||||||
Deferred revenues | 1,415 | 1,463 | ||||||
Deferred tax liabilities (Note 13) | 606 | 865 | ||||||
Accrued severance pay | 296 | 330 | ||||||
Long-term operating lease liabilities (Note 5) | 580 | 757 | ||||||
Other long-term liabilities | 113 | 146 | ||||||
Total long-term liabilities | 3,010 | 3,561 | ||||||
COMMITMENTS AND CONTINGENT LIABILITIES (Note 10) | ||||||||
SHAREHOLDERS' EQUITY: | ||||||||
Share capital - | ||||||||
Ordinary shares of NIS 1 par value - | ||||||||
Authorized: 39,748,000 shares at December 31, 2023 and 2022; Issued and outstanding: 23,309,987 and 23,309,987 shares at December 31, 2023 and 2022, respectively | 6,799 | 6,799 | ||||||
Additional paid-in capital | 30,521 | 30,503 | ||||||
Accumulated other comprehensive income | 24 | (758) | ||||||
Foreign currency translation adjustments (Company's standalone financial statements) | 9,648 | 9,654 | ||||||
Accumulated deficit | (9,800) | (8,511) | ||||||
Total shareholders' equity (Note 11) | 37,192 | 37,687 | ||||||
Total liabilities and shareholders' equity | $ | 50,266 | $ | 51,886 |
20-F
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19 Apr 24
Annual report (foreign)
9:49am
20-F
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19 Apr 24
Annual report (foreign)
9:49am
20-F
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19 Apr 24
Annual report (foreign)
9:49am
20-F
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19 Apr 24
Annual report (foreign)
9:49am
20-F
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19 Apr 24
Annual report (foreign)
9:49am
20-F
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19 Apr 24
Annual report (foreign)
9:49am
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