Mr. George Malikotsis reports

SENVEST CAPITAL INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2023

Senvest Capital Inc. had net income attributable to common shareholders of $43.8-million or $17.66 per share for the three months ended March 31, 2023. This compares with a net loss attributable to common shareholders of ($5.3-million) or ($2.13) per share for the same period in 2022.

Financial statements are available on-line at SEDAR.

                              CONSOLIDATED STATEMENTS OF INCOME (LOSS)        
                        (in millions of dollars, except per-share amounts)   
                                                                                             
                                                                          For the three months ended  
                                                                       March 31, 2023   March 31, 2022
                                                                                                
Net income (loss) attributable to common shareholders                           $43.8            ($5.3)
Diluted earnings (loss) per share attributable to common shareholders          $17.66           ($2.13)