SenesTech Q3 revenue up 44% to $360K, net loss improves $700K; Evolve Soft Bait launch imminent

SenesTech, Inc.

2023-Q3 EPS reported -$1.97 revenue$898,000

Revenue of $360K in Q3 2023, up 44% from $250K in Q3 2022.
Net loss narrowed to $1.9M from $2.6M; Adjusted EBITDA loss improved to $1.7M from $2.4M.
Evolve Soft Bait to start shipping next week; pre-orders received; targeting commercial, Amazon, big box retailers.
Cash at end of Q3 $2.1M.
Isolate Bait System represented over a third of unit sales in October; nearly 5,500 Elevate systems deployed YTD.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SenesTech, Inc. reported the third quarter ended September 30, 2023 results: revenue $360,000, net income $1.9 million.

Period: the third quarter ended September 30, 2023
Revenue: $360,000
Net income: $1.9 million
Result: reported results

Exact text from the filing

will dramatically increase the adoption of the Evolve solution and to set SenesTech up for tremendous success in the future.” Q3 2023 Highlights • Revenue during Q3 2023 was $360,000 compared to $250,000 in Q3 2022, an increase of 44%. • Gross profit during Q3 2023 was $176,000, for a gross profit margin of 49%, compared to $122,000, or a gross profit margin

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Source: SEC EDGAR

accession 0001628280-23-038233

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