SenesTech (NASDAQ: SNES) reported a 51% increase in revenue for the first nine months of 2024, totaling $1.4 million, driven by strong sales of its Evolve Rat and Evolve Mouse products. Gross margins improved to 65% in Q3 2024, up from 49% in the same quarter last year, due to enhanced manufacturing efficiency. The company’s operating expenses decreased by 12%, and its adjusted EBITDA loss was the smallest in its history, reducing cash burn by 21%. Evolve Rat, launched in early 2024, now accounts for 52% of Q3 revenue, and the company has expanded sales through e-commerce platforms like Amazon and Walmart. Additionally, SenesTech is expanding into international markets, securing significant orders from distributors in Hong Kong and the Netherlands. The company is also exploring municipal opportunities, including a rat contraception pilot program in New York City.
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About SenesTech Inc.
SenesTech is committed to improving the health of the world by humanely managing animal-pest populations through its expertise in fertility control. Senestech is the inventor of Evolve(TM) Rat and Evolve(TM) Mouse, EPA-designated, minimum-risk contraceptives for rodents, which reflects the company’s mission to provide products that are proactive, safe and sustainable. Evolve fits seamlessly into all integrated pest-management programs, significantly improving the overall goal of effective pest management. The company’s strives for clean cities, efficient businesses and happy households — with a product designed to be humane, effective and sustainable. For more information about the company, please visit www.SenesTech.com.
NOTE TO INVESTORS: The latest news and updates relating to SNES are available in the company’s newsroom at https://ibn.fm/SNES
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