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SenesTech Q3 revenue jumps on strong e-commerce demand

By Reuters News


Overview

  • U.S. rodent control innovator's Q3 revenue rose 42% sequentially and 59% yr/yr to record high

  • Company reported record gross profit, up 40% sequentially and 84% yr/yr

  • Net loss widened both sequentially and yr/yr


Outlook

  • Company expects continued growth in e-commerce and B2B channels

  • Company sees direct B2B as a key growth driver going forward

  • Company aims to build repeat B2B business in targeted domestic verticals


Result Drivers

  • E-COMMERCE GROWTH - Co said e-commerce revenue, particularly through Amazon, drove sequential and yr/yr revenue gains

  • SUBSCRIPTION EXPANSION - Subscription revenue and subscriber count rose sharply, supporting recurring revenue base

  • B2B SALES EFFORTS - Process changes and sales team expansion contributed to sequential B2B revenue growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.10 mln

$924,000 (2 Analysts)

Q3 Net Loss

Miss

$1.96 mln

$1.66 mln (2 Analysts)

Q3 Loss From Operations

Miss

$1.99 mln

-$1.68 mln (2 Analysts)

Q3 Gross Profit

$796,000

Q3 Loss Per Basic Share

$0.36

Q3 Operating Expenses

$2.79 mln


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the agricultural chemicals peer group is "buy"

  • Wall Street's median 12-month price target for Senestech Inc is $7.50, about 557.9% above its November 9 closing price of $1.14


Reuters Recommended Reads

  • Nov 10 - Sally Beauty Q4 sales slightly beat estimates on e-commerce growth

  • Nov 9 - Myomo Q3 revenue rises 22% to record high


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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