SenesTech Q2 revenue $459k (+50% YoY); record H1 revenue $874k; net loss narrows; gross margin improves to 54%

SenesTech, Inc.

2024-Q2 EPS reported -$6.64 revenue$874,000

Revenue $459k in Q2 2024, up 50% YoY; H1 revenue $874k, up 62% YoY.
Net loss $1.6M vs $2.0M in Q2 2023; adjusted EBITDA loss $1.4M vs $1.7M.
Gross margin improved to 54% in Q2 (67% in June) from 47% in Q1 2024 driven by manufacturing scale.
Evolve product line contributed ~60% of YTD revenue; Evolve Mouse launched in May 2024.
Cash $2.0M at June 30, 2024; management eyeing near-term profitability.

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