SNTLOTCServices-Personal ServicesUS GAAP · USD

Sentinel Holdings Ltd.

Sentinel Holdings Ltd. is a U.S.-based services company that operates through United Security Specialists Inc. and Gladiator Solutions Inc. USS provides armed and unarmed security personnel, mobile patrol, event security, and related security applications, while Gladiator has historically focused on personal protective products such as body armor and ballistic plates. The company is organized around security services and protective equipment, with operations centered in California and corporate offices in Utah.

Revenue1.9m USD
−58.0 %y/y
Operating profit (EBIT)-4.5m USD
+40.5 %y/y
EBIT margin-230.8%
−67.9 ppy/y
Net income1.7m USD
+119.7 %y/y
Free cash flow-1.5m USD
−4,364.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-10-50510m USD2021: 0.00 m USD2021: EBIT -0.76 m USD20212022: 4.1 m USD2022: EBIT -2.3 m USD20222023: 8.8 m USD2023: EBIT -1.7 m USD20232024: 4.6 m USD2024: EBIT -7.5 m USD20242025: 1.9 m USD2025: EBIT -4.5 m USD20251.9-4.5
RevenueOperating profit (EBIT)

Business

Share of revenue
Security services85 %

Guarding, patrol, event security, and on-site protection services delivered through USS.

Security technology5 %

Smartphone-based applications and operational tools that support security service delivery.

Protective products10 %

Body armor, ballistic plates, and related personal protective equipment under Gladiator.

Customers

Sentinel sells primarily to organizations and property owners that need physical security coverage, including businesses, residential communities, and event organizers. Its service model also reaches higher-risk venues and institutions that require trained personnel and visible deterrence, such as schools and synagogues. Protective products, when active, are aimed at buyers seeking ballistic protection and durable personal safety equipment.

Commercial and business clients

Buy armed or unarmed guards, patrols, and site protection to secure facilities and reduce incident risk.

Residential communities

Purchase patrol and access-control services to protect neighborhoods, apartment complexes, and gated properties.

Event organizers and venues

Buy event security and crowd management for concerts, conventions, and outdoor gatherings.

High-risk institutions

Schools, synagogues, and similar organizations buy specialized security personnel for elevated threat environments.

Protective equipment buyers

Purchase body armor and ballistic plates for personal protection and compliance-driven security use cases.

Strategy

Sentinel’s strategy centers on expanding its security-services footprint, using direct customer relationships and operational responsiveness to win and retain contracts. Management also highlights financing, collaborations, and acquisitions as tools to broaden the platform and support future growth, while Gladiator remains a longer-term product opportunity once litigation is resolved.

Grow the security-services platformShort term

Security services are the company’s primary operating business and the main source of customer relationships.

Secure external capitalShort term

The business needs funding to support working capital, expansion, and operating continuity.

Build through partnerships and acquisitionsMedium term

Collaborations and acquisitions can add scale, capabilities, and market access faster than organic growth alone.

Restore the protective-products businessMedium term

Gladiator could add a second revenue stream if litigation is resolved and product sales resume.

Geography

Sentinel is a U.S. company with principal executive offices in Sandy, Utah and operating activity centered in California through USS in Santa Clara. The business is primarily domestic, and its service footprint is tied to local deployment of security personnel, which makes regional labor availability and customer concentration important. The company also references growing urban markets as a focus area for expansion.

Risks

Sentinel faces customer concentration, litigation, and going-concern risk, all of which can materially affect operations and financing access. Its security-services model also carries labor, liability, and contract-retention risk, while the protective-products business is constrained by legal and regulatory issues. Because the company is small and capital-dependent, execution risk is elevated across both subsidiaries.

Sorted by severity
Going-concern and liquidity riskCritical

The company has limited cash and depends on outside funding to continue operations.

Exposure: Corporate funding and operating continuity

Customer concentrationHigh

Management disclosed that revenue declined due to the loss of a material customer.

Exposure: Security-services revenue

Litigation affecting GladiatorHigh

Protective-products operations are limited until litigation is resolved.

Exposure: Body armor and ballistic plate sales

Security-service liability riskMedium

Guarding, event security, and patrol work can create claims if incidents occur.

Exposure: USS operations

Regulatory compliance riskMedium

Protective-product sales are conducted under DOJ and ITAR requirements.

Exposure: Gladiator product sales

Accounting

Judgemental items
Going-concern assessment

Management states substantial doubt about continuing as a going concern, which affects financial statement basis and investor interpretation.

Impact: May influence asset realization, liability settlement, and disclosure emphasis

Revenue concentration and contract timing

Security services are contract-based and revenue can shift when a material customer is lost.

Impact: Can create quarter-to-quarter volatility in reported sales

Litigation contingencies

Gladiator’s operations are constrained by ongoing litigation, which may require accruals or expanded disclosure.

Impact: Could affect liabilities, expense recognition, and product-line viability

Inventory and warranty estimates

If protective products resume, valuation and warranty assumptions will matter for margins and balance-sheet carrying values.

Impact: Could affect cost of sales and reserve levels

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026