SenesTech Beats EPS Estimates as Revenue Hits Record $1.097 Million
Key Facts
SenesTech reported record revenue of $1.097 million in the third quarter of 2026, up 59% year over year and 42% from the second quarter, while adjusted loss per share was $0.3600, beating analysts’ estimate of a $0.3800 loss by $0.02, according to the company and Investing.com in an earnings report published on November 10. Despite beating the EPS estimate, the company remained loss-making, with net loss widening to $2.0 million from $1.3 million a year earlier. Investing.com data showed the stock falling 5.26% in the November 10 session to $1.08, after closing at $1.14 in the previous session. The site’s report also showed a 9.65% decline in the stock, without specifying the trading session associated with that figure in the cited passage. The results highlight a contrast between sales growth and improvement in some operating indicators on one hand, and continued losses and pressure on the stock on the other.
Gross profit rose 40% from the second quarter to a record $796,000, from $567,000, and was up 84% from $433,000 in the third quarter of 2025. The improvement came alongside higher revenue, but growth did not prevent net loss from widening against both reference periods: $1.8 million in the second quarter and $1.3 million a year earlier. Adjusted EBITDA loss was $1.4 million, unchanged from the previous quarter but greater than $1.1 million in the same period last year. Meanwhile, net cash used in operating activities fell to $1.3 million in the third quarter, from $1.7 million in the second quarter and $1.9 million in the first quarter of 2026. Thus, the annual increase in net loss coincided with a continued decline in operating cash use over the year’s quarters.
E-commerce activity drove much of the expansion, with revenue up 52% from the second quarter and 337% from the same period last year, accounting for about 71% of total quarterly revenue. Subscription revenue rose 53% sequentially and 234% year over year, while the number of subscribers through Amazon and the company’s website increased 72% from the second quarter. In direct business-to-business sales channels, revenue rose 19% from the previous quarter and 2% from a year earlier. The company attributed the sequential improvement in this activity to operational changes that helped pest-management businesses, government entities and commercial customers. The channel comparison indicates that digital sales and subscriptions grew much faster than direct business-to-business sales during the quarter.
At the product level, Evolve revenue rose 67% year over year to $979,000, representing 89% of product revenue. ContraPest revenue also increased 13% to $118,000, with the company linking the rise to higher sales of refill packs. The company said sales and marketing spending increased as a share of operating expenses compared with the third quarter of 2025, while general and administrative expenses accounted for a smaller share, excluding specified non-cash items. In July, SenesTech began offering assessment services to corporate customers to help them measure rodent activity and determine the extent of infestation; the service includes analysis using an artificial intelligence tool developed in-house. The company described these services as a potential source of additional revenue, without announcing any revenue generated from them.
The company cited field examples of its products and services: average rat activity intensity in the Wicker Park Bucktown program fell 88% over 12 months. In Swampscott, Massachusetts, Evolve Rat, along with sanitation and waste-management improvements, helped reduce measured rodent activity by 43% over six months. The company expanded its sales team by adding two people, bringing it to four under Executive Vice President of Sales Jack Karabys, and said it expects to hire two more by year-end. These steps place commercial expansion and assessment services alongside digital sales growth, as operating losses continue. The company provided no numerical revenue target or target date for achieving profitability in the information presented.
Cash and cash equivalents stood at $4.0 million on September 30, 2026. After the quarter ended, the company raised $1.2 million in gross proceeds through its at-the-market offering program, additional financing following the cash balance recorded at period-end. The company had scheduled a call to discuss third-quarter results for November 10, 2026, at 5 p.m. U.S. Eastern Time. It said a webcast replay would be available on its website for 90 days. The call and subsequent financing place the record quarter in the context of monitoring performance and liquidity, while the results remain the basis for investors’ assessment of revenue and loss trends.