SenesTech Inc Reports Record Revenue, Strategic Expansion, and Secures Financing for 2027.

SenesTech Inc reported record quarterly revenue and gross profit margins, with a 94% increase in Evolve sales and over 50% of sales coming from e-commerce platforms. Municipal sales saw a 538% YoY increase, driven by new deployments in major cities. The company has secured additional financing, providing an operating runway through 2027. Despite growth, SenesTech is still not at cash flow break-even and faces regulatory hurdles in international markets.

SenesTech Inc (SNES) reported robust financial performance in the second quarter of 2025, with record quarterly revenue and gross profit margins. The company's Evolve Rodent Birth Control solution saw a significant 94% year-over-year increase in sales, making up 83% of total quarterly revenue [2]. E-commerce sales, including platforms like Amazon and Walmart.com, now account for over 50% of total sales, demonstrating substantial growth [1].

Municipal sales experienced a remarkable 538% year-over-year increase, driven by new deployments in major cities such as New York and Chicago. The company has also expanded its distribution footprint through a partnership with Bradley Caldwell, enhancing access to rural retailers and independent dealers [1].

SenesTech Inc has secured additional financing, providing an operating runway through the end of 2027, which reduces the need for future capital raises [1]. Despite these positive developments, the company is still not at cash flow break-even, with a target revenue of $1.5 million per quarter needed to achieve this milestone [1]. Brick-and-mortar retail adoption has been slower than expected, although recent orders show potential for improvement [1].

The agricultural market, while significant, has not yet been fully realized, with ongoing trials but no large-scale adoption. The company faces regulatory hurdles in international markets, with pending approvals needed for further expansion [1]. Operating expenses increased slightly due to one-time charges, and the company is working on reducing its cash burn rate [1].

During the earnings call, CEO Joel Fruin expressed confidence in the company's growth prospects, stating that incremental improvements to gross margins are expected in the coming quarters [1]. He also mentioned that the company is exploring ways to accelerate growth in e-commerce and other channels. Fruin highlighted the potential for increased orders and revenue growth from major cities where the product has been launched, including New York City, Chicago, Boston, Baltimore, LA County, and San Francisco [1].

The company's CFO, Tom Chesterman, noted that the company ended the quarter with $6.1 million in cash, following a successful $4.5 million in warrant exercises and utilization of its ATM facility. He stated that the company does not anticipate further financings in the near future, possibly not ever [1].

References:
[1] https://finance.yahoo.com/news/senestech-inc-snes-q2-2025-074113745.html
[2] https://seekingalpha.com/news/4482506-senestech-outlines-path-to-breakeven-at-1_5m-quarterly-revenue-with-evolve-driving-94-percent