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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SenesTech Q2 revenue jumps on e-commerce growth
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