SenesTech FY2023 revenue up 17% to $1.2M; YTD 2024 revenue up >80% on Evolve launch

SenesTech, Inc.

2023-FY EPS reported -$11.51 revenue$1,193,000

FY2023 revenue of $1.2M (up 17% from $1.0M in 2022); net loss improved to $7.7M from $9.7M.
Adjusted EBITDA loss of $6.9M vs $8.5M in 2022; gross profit margin 45.2% (49.3% excl. new products).
YTD 2024 revenue up >80% vs YTD 2023; Evolve soft bait accounted for >50% of total revenue, including first international sales.
New distribution: major nationwide hardware retailer, ag grain management, and export deals with Hong Kong, UAE, Singapore, Australia, NZ, Netherlands.
Cash at Dec 2023: $5.4M; raised $5M via Nov 2023 public offering ($1M in warrants exercised).

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 0.4

SenesTech, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, we announced our financial results for the fourth quarter and fiscal year ended December 31, 2023. A copy of our press release announcing these financial results and certain other information is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

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SenesTech, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-005900

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