Senestech (NASDAQ:SNES) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Senestech (NASDAQ:SNES) posted its quarterly earnings data on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.01, Zacks reports. The business had revenue of $0.42 million during the quarter, compared to the consensus estimate of $0.78 million. Senestech had a negative net margin of 253.54% and a negative return on equity of 98.35%.

Here are the key takeaways from Senestech’s conference call:

• The company reported full-year revenue of $2.2M (up 20%; ~30% excluding an Amazon transition drag), with e?commerce revenue up 88% and now representing over half of total sales after bringing Amazon selling directly in?house to improve presentation, marketing and margins.
• Commercial momentum includes municipal deployments (Chicago reorders, New York trial concluding in spring), retail outreach that could produce large pallet orders, and international progress such as regulatory approval and an initial shipment to New Zealand.
• Profitability remains a concern: GAAP net loss was $6.4M (including about $631K of one?time legal costs), adjusted net loss ~ $5.6M and adjusted EBITDA loss improved to ~$5.3M, although the company ended the year with $8.6M in cash and short?term investments.
• Leadership is in transition after the CEO’s retirement; an interim executive chair has been appointed and the board is conducting a formal search for a CEO focused on scaling commercialization and operational discipline.

Senestech Stock Performance

Shares of SNES traded down $0.25 during trading hours on Friday, hitting $2.01. The company’s stock had a trading volume of 154,688 shares, compared to its average volume of 51,470. The business has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $3.06. Senestech has a 52-week low of $1.30 and a 52-week high of $6.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.75 and a quick ratio of 14.73. The company has a market cap of $10.49 million, a price-to-earnings ratio of -0.55 and a beta of 0.15.

Insider Activity at Senestech

In other Senestech news, major shareholder Glenbrook Capital Management acquired 34,613 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $2.40 per share, with a total value of $83,071.20. Following the acquisition, the insider owned 704,211 shares in the company, valued at approximately $1,690,106.40. This represents a 5.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 173,954 shares of company stock worth $367,303. Corporate insiders own 5.29% of the company’s stock.

Institutional Investors Weigh In On Senestech

A number of hedge funds and other institutional investors have recently bought and sold shares of SNES. Geode Capital Management LLC purchased a new stake in shares of Senestech in the second quarter worth $59,000. Jane Street Group LLC purchased a new position in Senestech during the fourth quarter worth about $32,000. XTX Topco Ltd bought a new position in Senestech in the 4th quarter worth about $54,000. Millennium Management LLC bought a new position in Senestech in the 3rd quarter worth about $126,000. Finally, DRW Securities LLC raised its holdings in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after acquiring an additional 51,818 shares in the last quarter. Institutional investors own 5.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Senestech Company Profile

SenesTech, Inc (NASDAQ: SNES) is a biotechnology company specializing in non-lethal pest management solutions. The company’s core focus is the development and commercialization of fertility-based control methods for commensal rodents, providing an alternative to traditional rodenticides. By targeting the reproductive cycle of rats, SenesTech aims to reduce rodent populations over time without the use of toxic chemicals, offering a more sustainable approach for pest management professionals.

The company’s flagship product, ContraPest®, is an EPA-registered liquid bait that disrupts rodent reproduction.