earnings
confidence high
sentiment positive
materiality 0.70
SenesTech Q3 2024 revenue up 51% YTD; gross margin 65% record; operating expenses down 12%
SenesTech, Inc.
2024-Q3 EPS reported
-$8.40
revenue$1,356,000
- YTD revenue $1.4M, +51% YoY; Q3 gross margin 65% vs 49% in prior year.
- Operating expenses down 12% in Q3; adjusted EBITDA loss narrowed 21% vs prior year.
- New products Evolve Rat and Evolve Mouse contributed 52% and 17% of Q3 revenue respectively.
- NYC rat contraception pilot bill approved; SenesTech only EPA-registered manufacturer; supply proposal under negotiation.
- International expansion: HK registration, Netherlands multi-pallet order, exclusive distributor selection in India, Pakistan, Chile, Brazil, Taiwan.