Robert Blum

Sameer Joshi

- SenesTech reported strong financial performance, with **2024 revenue up 56%** year-over-year and Q2 2025 e-commerce revenue increasing by **107%**.  **[1680378_2162733_2]** **[1680378_2162733_7]**  The company's gross margin improved to **65%** in Q2 2025, up from 54% in the year-ago period.  **[1680378_2162733_2]** **[1680378_2162733_5]** **[1680378_2162733_7]** 
- The introduction of the **Evolve** solid soft bait product in January 2024 has significantly impacted the company's trajectory, becoming its top-selling product and driving **83%** of Q2 2025 sales.  **[1680378_2162733_2]** **[1680378_2162733_5]**  Evolve has expanded market and geographic reach, contributing to a **94%** year-over-year growth in Q2 2025.  **[1680378_2162733_2]** 
- SenesTech is pursuing a multi-channel distribution strategy, with **60%** of its revenue from e-commerce, which saw a **78%** increase compared to Q2 last year.  **[1680378_2162733_3]** **[1680378_2162733_5]**  The company has expanded its e-commerce presence to platforms like Amazon, Walmart.com, and HomeDepot.com, and is also focusing on municipal and international deployments.  **[1680378_2162733_3]** **[1680378_2162733_4]** **[1680378_2162733_7]** 
- The company ended Q2 2025 with **$6.1 million** in cash, which increased to **$11.7 million** as of August 5 due to warrant exercises, providing an operating runway through the **end of 2026 and beyond**.  **[1680378_2162733_6]**  SenesTech aims for profitability with a break-even point estimated at **$6.5 to $7 million** in annual revenues.  **[1680378_2162733_5]** **[1680378_2162733_7]**

SenesTech (SNES)