for you review us financial Thank results. Senstar Technologies' Brett. to second quarter XXXX you, today Thank joining
of revenue XX% of improvement until of expect take In name Magal gross while of legal be benefit quarter strategic is change million. with quarter, XXX Systems Technologies to Ltd. formally The Senstar increase margin this approved strategy division, along of Integrated following the basis financial growth for place companies Israeli clarity, name divest the company's the project the in Security sake the company's $X.X demonstrate an the and results will name EBITDA in our we later and executing the the strength remains delivered which XX% against points results our chosen the by well of its the decision of to divestiture second the our division. Solutions For an Senstar growth, the will register, month.
it on We June business Integrated divestiture XXXX. work division company are XX, and that are to developing will be the the a name NASDAQ on model, the Limited shareholders vote, XX, having confident now submitted singularly pass. of we the we change focused with shareholders' Afterwards, meeting Solutions Senstar on scalable to Technology August the will Senstar At will of highly symbol. stock completed
of XX, $XXX,XXX consolidated was As considered Senstar sales division of revenue Integrated the our revenue. related Solutions to of excludes XXXX, or June division Senstar till the Integrated reported Solutions party X% consolidated a
sales the Senstar's facilitating the people par are resumption improving We undermine to of with second in business disruption the margin In third and Senstar from hope delta climate on -- XX%, quarter on that standard up quarter quarter. Based in other our any XX% of activities atmosphere ability in returning pipeline. second and following trade the the quarters prior variant pipeline returned very second the business like quarter, quarter. quarter Solutions the closing division and reopening, shows business workplace remainder not last included positive COVID last quarter the for to gross to our on, will revenue be of several offices of outlook gross XXXX looks the by year As grow will QX evidenced and ratio, its customer. former many in to year's and Senstar's and Borders are Integrated procedures in the COVID. was caused the margin the and nicely second positive.
semiconductors, dynamics. However, been by only. costs various supply impacted increase, the industry has of particularly for material may XXXX, chain the remainder And some not for but
components long-term agreements secure to mitigate and necessary We place procurement price and are working have increase. further in
of above margin Senstar's year. gross XX% in Anyhow, and full of supply challenges expected first to chain margin the However, half for be the potentially XXXX the may XXXX. affect second gross half is
the half of anticipate over software post the software margin in launch gross time. raising sales increase to we fusion's new result hardware With offering second in our launch of XXXX, and
expect factor contributing without to EBITDA subsidies, of We the increase evident XX%, range XXX margin the second be results. XXXX. is in was those from EBITDA XX%, margin will One from than was EBITDA the during Canadian Senstar quarter was subsidies government quarter. better of last points main that the year's the the impact even the in QX But basis in which an XXXX. received higher
out into the revenue remain anticipate strongest stable remainder the expected typically second our are continued quarter. for Operating the with Looking year. relatively QX being of to we half growth expenses of XXXX,
of operating expenses lower each second public performance to or quarter, the record the Our through year. income We the positive thereby be company entity improving our for the stable expected half net XXXX. of by end anticipate are [Indiscernible] and amortization
of are on each verticals. Now us, with behind across being divesture focused growth we driving our key the
executing to strengthened our plans of are tactical this, with a structure. including achieve along further improvement We our sales solution
technology allows has -- leverage with which Senstar's the standing transformed technology branding, enhanced This into the the to industry us this with have to bring offering strong an later innovation. connection to deeper company Technology Senstar market We image year.
cross-sell we base. customer plan In addition, upsell existing to our to and
we to the distribution OEMs, growing value-added with Lastly, -- growing by continue and leveraging system pipeline intend channels new business our integrators retailers.
leveraging growing our sales our in our acquisitions to key investment XXXX making As for provide technology R&D sales, broadening verticals, into are new distribution, I last and the quarter, growth and expertise. sales drivers stated X for sales
contribution we infrastructure. with critical The an for quarter, airport key major increased most Security each logistics quarter a of Asian contract corrections, integrated and our our energy, system. significant to dollar This was Perimeter revenue this multimillion from X verticals:
product in technology-rich Our existing to to Senstar our of customer-facing. made the upsell revenue second year of our growth This with our both second delivers we is paid solutions. quarter, thousands solution land and relationship and implementation to customers growth the in are our KPIs hundreds is our with of over this as are key of paired leadership employees high-value strategy working close attributable our and In regions countries. enhance to new enjoy to the existing Changes This software by customers. evidenced offering new a in an new customers Today, customers. quarter. to ability that improves with and ability half the success evidence customers
a from and system, significantly laying our performance market. paid revenue analytics, X competition products Symphony fusion performance new growing above to early traditional Symphony of version fusion in intelligence the gathering inputs the is all our of X delivers regions a XXXX, solutions By develop that recent What SMS, the fusion the integration plan and Senstar security the opportunity short-range optimized our Commerce beyond includes which making release end Senstar successfully platform. and for booking. engine we AI increased strong advantage management function new that Senstar advantage competitive the product users. our an platform. Senstar team of FiberPatrol, data our The is access in is from apart current X video is offering. sets with of individual paid enhance the foundation second a -- development on working intelligently control, with VMS Senstar team products. into Symphony new we sales further growth. extending gives traditional to analytics, Operating in pipeline the Symphony for a a sense The into a investment the future a of Our product functionality launch video the devices. are Senstar is In In input solution. bookings converting from the year-over-year, combining engine. combines quarter, R&D with By
improve component a X to capabilities improved targeting data by Symphony new are with cross-platform strategy, technologies, solution our higher combining analytics Magal first-in-class customers, Integrated feed June for this our system integrators stickier to value of analytics we product and Operating users. puts revenue our Solutions on end XX, platform and in category divestiture This a Our us contract are With platform. of provide the XXXX. Common that closed The SMS streams. leverage
a with $XX.X transaction of the debt. cash completed, is we no Now have million
M&As. have funds R&D budgeted and investments for targeted We ongoing
balance our pristine M&A sheet pursue gives Our a leeway us to strategy.
leadership. verticals. Senstar is a prioritize generates its uses several discussions existing cash acquisitions flow. an careful we acquisition for investment. investment to to Presently, target technology active new to any with pursue to essential profile opportunities We drive in expertise will technology and and economic that returning our support remain our brand innovative acquire internal free are technology growth, our We R&D for capital. the considering future allocate that attractive cash We how increase cash for an what engaged company key when we needed access beyond of are to capabilities is of selectively clients. allow in Ideally, acquisition attract shareholders R&D and clients we sophisticated applicable there company potential will the as sales has
we but this optimistic particular the and highly are this of engaged elements certain negotiating target. and are is uncertain, transaction with timing We
like In August release by in sure would statement million all be their the Collectively, dividend our the will and final decided General to to of on worldwide Annual the vote we for shareholder Magal work years week press Lastly, deliver that deliver to issue like will at growth, employees excellent to after I'd continue will and and their asking of -- and them Magal and come. commitment Solutions next we Board. Afterwards, the to profitability proxy amount lots exceed dividend-related approve of Senstar place wish our details Senstar I shareholders Division working hard to thank a Integration take distribution many with by improve any July as closing, decision Board. a -- the during XX, are leadership years meeting. not for should value. XX filed partners together our of ultimately are The And we work success. $XX thank to for company's I'm with the to on Magal, employees the also Meeting work.
XX thank his friend, I of excellent company contribution Tomer the our for Vinokur, to now former seamlessly last replacement years Kobi. new go Kobi want lots in company the as results. the And to experience, pass for CFO with for tenure him years. will VP the to his his and the call and role please wish Finance I bring took during with over Tomer, especially Tomer review and financial Kobi who role. CFO, excellent as the natural dear Lastly, a walked my closely of Magal, success ahead