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SenesTech Inc (SNES)
NASDAQ:SNES
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.5Last Year’s EPS
183.7Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -18.26%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment with significant revenue growth, improved gross margins, and strategic initiatives aimed at achieving cash flow breakeven. While there are challenges such as product transition and regulatory delays, the overall outlook remains optimistic with multiple growth avenues in place.Company Guidance
During the SenesTech Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call, the company provided guidance indicating significant progress towards achieving cash flow breakeven. Key metrics highlighted include a 70% increase in quarterly revenues and a quarterly gross profit margin of 61%, contributing to the smallest quarterly adjusted EBITDA loss in company history. The company aims to reduce annual cash burn by $2 million and anticipates lowering the revenue threshold for cash flow breakeven to $7 million annually, down from $12 million. This improvement is driven by their Evolve product line, which has seen substantial market acceptance, particularly in e-commerce, with online sales increasing by 206% year-over-year and representing 55% of Q4 2024 revenue. Additionally, the introduction of Evolve has expanded distribution into new retail and municipal markets and international territories. SenesTech is implementing several operational changes, such as pausing new product development and bringing certain functions in-house, to further optimize costs and support its path to profitability. The company expects these strategic initiatives, along with a recent $5 million strategic financing, to propel them towards achieving cash flow breakeven in the near term.Record Revenue Growth
SenesTech achieved a record quarterly revenue increase of 70% and an annual increase of 56%, driven largely by the Evolve product line.
Gross Margin Improvement
Gross profit margins improved to 61% from 44% in the previous year, highlighting operational efficiencies and higher margins from the Evolve product line.
E-commerce Sales Surge
E-commerce sales grew 206% year-over-year in Q4 2024, representing 55% of the company's Q4 revenue.
Municipal and International Expansion
Significant progress in municipal markets including orders from New York City and Baltimore, as well as international distribution agreements in 10 countries.
Strategic Financing
Completed a strategic financing initiative to raise $1 million with plans to raise an additional $4 million through short-term warrants, aimed at accelerating progress towards cash flow breakeven.
Operational Efficiencies
Cost reduction initiatives are expected to decrease cash burn by 30% per quarter, aiming for cash flow breakeven at $7 million annually, down from $12 million historically.
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SNES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $2.30 | $2.40 | +4.35% |
| Nov 12, 2024 | $2.67 | $2.48 | -7.12% |
| Aug 08, 2024 | $4.00 | $4.00 | 0.00% |
| May 09, 2024 | $9.19 | $6.78 | -26.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SenesTech Inc (SNES) report earnings?
SenesTech Inc (SNES) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is SenesTech Inc (SNES) earnings time?
SenesTech Inc (SNES) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNES EPS forecast?
SNES EPS forecast for the fiscal quarter 2025 (Q1) is -1.5.
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