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SenesTech Q2 revenue jumps on e-commerce growth

SenesTech Q2 revenue jumps on e-commerce growth


Overview

  • US rodent control product maker's Q2 revenue rose 23% yr/yr, driven by e-commerce growth

  • Gross margin reached a record 73.6%, reflecting improved channel mix and disciplined pricing

  • Net loss narrowed from Q1 but rose yr/yr; company launched new e-commerce website in July


Outlook

  • Company expects continued e-commerce growth, supported by expanded digital marketing initiatives


Result Drivers

  • E-COMMERCE EXPANSION - Co said revenue growth was driven by continued expansion of e-commerce business across both online DTC and online B2B channels, led by record performance after taking over Amazon management

  • SUBSCRIPTION GROWTH - Record subscriber growth across Amazon and the co's website strengthened recurring revenue base and increased revenue visibility

  • PRODUCT MIX AND PRICING - Record gross margin reflected improved channel mix, favorable supply costs, and disciplined pricing practices


Company press release: ID:nPn1Nn1gha


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$770,000

$601,500 (2 Analysts)

Q2 Net Loss

Beat

$1.83 mln

$1.92 mln (2 Analysts)

Q2 Income From Operations

Beat

-$1.86 mln

-$1.97 mln (2 Analysts)

Q2 Gross Profit

$567,000

Q2 Loss Per Basic Share

$0.35


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 $6.75, about 304.2% above its August 4 closing price of $1.67


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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