secwatch.observer — SEC 8-K summary
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Issuer:     SenesTech, Inc. (SNES)
CIK:        0001680378
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001213900-22-071685
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 5.02, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SenesTech Q3 product sales +57% YoY; appoints Joel Fruendt as CEO
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- Product sales rose 57% YoY to ~$250k total revenue; gross margin improved to 52% from 48%.
- Net loss widened to $(2.6)M from $(2.3)M; Adjusted EBITDA loss $(2.5)M.
- Cash at quarter-end $2.8M.
- Joel Fruendt named CEO effective Nov 15, replacing Ken Siegel (retiring as director Dec 31).
- Fruendt's terms: $340k base salary, 3.5% stock option (3-yr vest), $50k RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680378/000121390022071685/0001213900-22-071685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680378/000121390022071685/ea168574-8k_senestech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-071685

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