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Stock impact report

SenesTech outlines path to profitability with record Q3 revenue growth and retail expansion [Seeking Alpha]

SenesTech, Inc. (SNES) 
Last senestech, inc. earnings: 11/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: senestech.investorroom.com
Company Research Source: Seeking Alpha
Joel Fruendt, CEO, highlighted that SenesTech delivered "a very strong quarter with record quarterly revenues driven by the rapid adoption of our Evolve product line," noting growth across nearly all key distribution channels and Quick Insights Rapid Evolve product adoption, strong e-commerce expansion (notably over 50% of revenue and up 55% year-over-year), and growth across major distribution channels, including entry onto lowes.com, as well as retail and municipal markets. Management is increasingly confident, citing improved margins, reduced operating expenses, narrowed adjusted EBITDA loss, and a robust $10 million cash position, stating they see a potential path to profitability without more equity offerings. Primary risks include ongoing litigation with Liphatech, uncertainties and delays in international regulatory approvals, and unpredictability in the continued ramp of revenue needed for profitability. Recommended For You More Trending News Show less Read more
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