SenesTech Aims for Breakeven with Evolve Driving 94% YoY Growth

SenesTech reported record quarterly revenue and gross profit margins in Q2 2025, driven by 94% year-over-year growth from Evolve. The company aims to reach breakeven at $1.5M quarterly revenue. CEO Joel L. Fruendt highlighted improved adjusted EBITDA and emphasized the continued market adoption of the Evolve product.

SenesTech (SNES) reported a record quarterly revenue and gross profit margins in Q2 2025, driven by a 94% year-over-year growth from the Evolve Rodent Birth Control solution. The company's CEO, Joel L. Fruendt, highlighted the continued market adoption of Evolve, noting its transformative impact on the addressable market opportunity and significant growth across all six channels. Evolve sales rose 94% year-over-year and 36% sequentially, now constituting 83% of total quarterly revenue [1].

The company's e-commerce sales, including key platforms like Amazon and Walmart.com, grew 78% from the prior year and 18% sequentially, now representing over 50% of total sales. Brick-and-mortar retail also showed rapid growth, with sales up nearly 500% sequentially, propelled by a partnership with Bradley Caldwell. SenesTech signed agreements with over 15 countries for Evolve, with international sales and regulatory approvals in progress for Australia and New Zealand [1].

The company's CFO, Thomas C. Chesterman, reported that total revenue for the second quarter was $625,000, an increase of 36% from Q2 of last year and up 29% sequentially. Gross margins reached 65.4%, up from 54.2% in the previous year's quarter and 64.5% in Q1. 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 for $3 million during the second quarter [1].

Fruendt reiterated that the revenue breakeven point remains around $1.5 million on a quarterly basis and discussed multiple avenues for "transformational growth," including expanded city deployments, retail partnerships, and international distribution agreements. He expects further progress in brick-and-mortar and agricultural verticals, and highlighted the sustained growth in e-commerce, particularly Amazon, which is achieving 10-15% month-over-month sales increases. Management indicated that gross margins are expected to remain consistent with potential for further improvement [1].

References:

[1] https://seekingalpha.com/news/4482506-senestech-outlines-path-to-breakeven-at-1_5m-quarterly-revenue-with-evolve-driving-94-percent