$SenesTech (SNES.US)$ NEWS SenesTech Announces First Quarter...
NEWS
SenesTech Announces First Quarter 2024 Financial Results
Positive
Record quarterly revenues of $415,000 in Q1 2024, a 78% increase compared to Q1 2023.
Evolve™, the biggest-selling product, contributing over 50% of Q1 2024 revenue.
Secured distribution agreements with key industry players and expanded the geographic reach to new markets.
Introduced new products like Evolve Mouse to control mouse infestations.
Launched a dedicated Amazon store to reach the do-it-yourself market.
Extended agreements with leading distributors to bring products to retail stores.
Financial results showed a net loss of $1.8 million, with an Adjusted EBITDA loss of $1.7 million.
Management is optimistic about achieving key commercial and development milestones in 2024.
Negative
Net loss of $1.8 million in Q1 2024 compared to $2.0 million in Q1 2023.
Adjusted EBITDA loss of $1.7 million in Q1 2024 compared to $1.8 million in Q1 2023.
Cash at the end of March 2024 was $3.6 million.
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Trytosaveabit : There is a chance this sees some PM movement? NFA
Trytosaveabit : Either way! I think I will start scaling in again! It has treated me well in the past
Jaguar8OP Trytosaveabit: Yes it may have some misses on EBITDA and net loss but by minimal margins. The rest is impressive.
Trytosaveabit Jaguar8OP: Yes! Plus I’ve been waiting for the mouse version of their rat stuff to be ready to ship! Because that opens up a huge new market! Tons of homeowners! Orchard farmers! Like where I live! Not hardly a rat anywhere! But mice everywhere! Plus with the mouse stuff. They are packing it in smaller packages specifically for homeowners! And they got a sales team put together with experience of getting products put into big box stores like Walmart, Home Depot, Lowe’s TSC! So I’m really excited to see that is happening sooner than expected and it’s ready to start shipping out! Good stuff
Jaguar8OP Trytosaveabit: Oh yes! Huge market for the rats globally
Trytosaveabit Jaguar8OP: But the mouse version is 10X the rat market! That’s why I was so excited when they said they were working on a mouse version!
Jaguar8OP Trytosaveabit: Clever team
Trytosaveabit Jaguar8OP: Very! Right!
AdoraBull Jaguar8OP: I shall design a line a pretty rat leashes!
