Latest news with #SenesTech
Business Insider
2 days ago
- Business
- Business Insider
SenesTech files to sell 2.26M shares of common stock for holders
16:24 EDT SenesTech (SNES) files to sell 2.26M shares of common stock for holders Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
08-08-2025
- Business
- Yahoo
SenesTech Inc (SNES) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic Expansion
Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points SenesTech Inc (NASDAQ:SNES) reported record quarterly revenue and gross profit margins, with a 94% increase in Evolve sales compared to the previous year. E-commerce sales, including platforms like Amazon and now represent over 50% of quarterly sales, showing significant growth. The company has expanded its distribution footprint through a new partnership with Bradley Caldwell, enhancing access to rural retailers and independent dealers. Municipal sales saw a 538% increase year-over-year, driven by new deployments in major cities like New York and Chicago. SenesTech Inc (NASDAQ:SNES) has secured additional financing, providing an operating runway through the end of 2027, reducing the need for future capital raises. Negative Points Despite growth, the company is still not at cash flow break-even, with a target revenue of $1.5 million per quarter needed to achieve this. Brick and mortar retail adoption has been slower than expected, although recent orders show potential for improvement. The agricultural market, while significant, has not yet been fully realized, with ongoing trials but no large-scale adoption. The company faces regulatory hurdles in international markets, with pending approvals needed for further expansion. Operating expenses increased slightly due to one-time charges, and the company is still working on reducing its cash burn rate. Q & A Highlights Warning! GuruFocus has detected 6 Warning Signs with SNES. Q: Should we expect incremental improvements to gross margins in the coming quarters? A: Joel Fruin, CEO: Yes, we expect margins to stay consistent and may see some improvement in the coming quarters. Q: Is there room to accelerate e-commerce growth with additional digital marketing spend? A: Joel Fruin, CEO: Yes, we are looking at ways to accelerate growth not only in e-commerce but across all channels, focusing on strategies that provide a good return on investment. Q: Should we expect higher volumes from cities like New York City, Chicago, Boston, Baltimore, LA County, and San Francisco, where the product has been launched? A: Joel Fruin, CEO: Yes, as trials prove successful, we expect increased orders and revenue growth from these cities and government agencies. Q: What is the potential capacity in terms of dollars of the expanded manufacturing facility? A: Joel Fruin, CEO: With the current setup, we can produce roughly a million pounds, translating to about $10 million in revenue. We have the capacity to add more lines and shifts to increase production. Q: Are you planning to do more capital raises in the future? A: Tom Chesterman, CFO: We have concluded our recent financing program and do not anticipate further financing in the near future, possibly not ever. Q: Would a New York City full-scale expansion require a big capital investment? A: Joel Fruin, CEO: A full-scale expansion in New York would not require significant capital investment immediately. We plan to expand capacity as needed, with estimated costs in the $300,000 to $400,000 range. Q: What is the break-even point both from a cost and a revenue standpoint, and when is the earliest we could flip to profitability? A: Joel Fruin, CEO: Our revenue level to reach cash flow break-even is around $6.5 million, and we aim to achieve this in the second half of 2026. Q: Do you need to hire additional people to meet growth expectations? A: Joel Fruin, CEO: Yes, we are hiring salespeople and manufacturers' reps to handle retail accounts and expand our field team for trials and assistance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
12-07-2025
- Business
- Business Insider
SenesTech files to sell 1.53M shares of common stock for holders
16:03 EDT SenesTech (SNES) files to sell 1.53M shares of common stock for holders Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
03-05-2025
- Business
- Business Insider
SenesTech files $15M mixed securities shelf
17:12 EDT SenesTech (SNES) files $15M mixed securities shelf Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Globe and Mail
25-02-2025
- Business
- Globe and Mail
Insect Pest Control Market to hit USD 29.43 Billion by 2030 at 6.60% CAGR, Driven by Eco-Friendly Biological Agents
The adoption of smart, sustainable pest control drives growth, with biocontrol agents emerging as a key method for effective pest management Insect Pest Control Market Overview The Insect Pest Control Market was valued at USD 17.65 billion in 2022 and is expected to grow from USD 19.1 billion in 2023 to USD 29.43 billion by 2030. This represents a compound annual growth rate (CAGR) of 6.60% over the forecast period from 2023 to 2030. The global Insect Pest Control Market is poised for substantial growth, driven by rising demand for effective pest management solutions across residential, commercial, and industrial sectors. According to the latest market research report, the industry is expected to expand steadily, supported by technological advancements, regulatory measures, and increasing awareness regarding pest-related health risks. The report provides a detailed analysis of market trends, key drivers, challenges, and opportunities shaping the future of the insect pest control sector. "Request Free Sample" - Obtain a complimentary sample of our report to assess its quality and relevance to your requirements : Key Players: China National Agrochemical Co., Ltd. (China), PelGar International Limited (U.K.), SenesTech, Inc. (U.S.), Rentokil Initial plc (U.K.), ADAMA Agricultural Solutions Ltd. (Israel), Bayer AG (Germany), Rollins, Inc. (U.S.), Syngenta (Switzerland), Sumitomo Chemical Co., Ltd. (Japan), Ecolab (U.S.), BASF SE (Germany), Curtis Gilmour (U.S.), and FMC Corporation (U.S.). Market Segmentation By Pest Type: Insects: The largest segment due to the prevalence of cockroaches, ants, flies, and mosquitoes, which pose health and hygiene concerns. Termites: A significant contributor to structural damages worldwide, particularly in the residential and commercial sectors. Rodents: Increasing urbanization and waste generation have led to a rise in rodent populations, making pest control crucial in industrial and commercial settings. Others: Includes mites, ticks, and other lesser-known pests that affect crops, livestock, and human health. By Method: Chemical Control: The most commonly used approach, involving insecticides and fumigation methods to eliminate pests effectively. Mechanical Control: Includes physical barriers, traps, and other non-chemical means, increasingly preferred due to their eco-friendly nature. Biological Control: The fastest-growing segment, employing natural predators, parasitoids, and microbial solutions to manage pest populations in a sustainable manner. By Application: Residential: Growing awareness among homeowners about pest-related diseases and damage has driven demand for professional pest control services. Commercial: Hospitality, food processing, and healthcare industries are key adopters of pest control measures to maintain hygiene and compliance with regulatory standards. Industrial: Manufacturing and warehousing sectors require robust pest control solutions to prevent contamination and damage to goods. "Proceed to Buy" - Move forward with your purchase and gain instant access to the complete report Market Drivers and Trends Rising Concerns Over Vector-Borne Diseases: Increasing incidences of diseases such as malaria, dengue, and Lyme disease have heightened the demand for insect pest control solutions globally. Stringent Government Regulations: Regulatory frameworks across various regions mandate strict pest control measures in industries such as food & beverage, healthcare, and agriculture, boosting market growth. Technological Innovations: Companies are developing smarter, more efficient pest control solutions, including IoT-based monitoring systems and AI-driven pest management strategies. Environmental Sustainability Initiatives: Growing emphasis on eco-friendly pest control methods, such as biopesticides and integrated pest management (IPM), is gaining traction among consumers and industries alike. Regional Analysis North America: As a dominant market, North America benefits from stringent food safety regulations, high consumer awareness, and the presence of major pest control service providers. The U.S. leads the region in adopting advanced pest control technologies. Europe: The European market is witnessing a shift towards organic and environmentally safe pest control solutions due to strict regulatory guidelines and increased environmental consciousness among consumers. Asia-Pacific: Rapid urbanization, climate change, and the increasing prevalence of vector-borne diseases have fueled market expansion in countries like China, India, and Japan. The region presents lucrative growth opportunities due to the rising demand for effective pest control solutions. Rest of the World: Regions such as the Middle East, Africa, and Latin America are experiencing steady market growth, driven by economic development, increasing tourism, and the need for improved hygiene standards. "Browse Report" - Explore the report's contents, sections, and key insights by browsing through its detailed information : Future Outlook The global insect pest control market is expected to witness robust growth through 2030, with significant investments in sustainable and innovative pest control methods. The rising emphasis on public health, environmental safety, and regulatory compliance will further propel market expansion. TABLE OF CONTENTS: 1 EXECUTIVE SUMMARY 2 MARKET INTRODUCTION 3 RESEARCH METHODOLOGY 4 MARKET DYNAMICS 5 MARKET FACTOR ANALYSIS… Discover more Research Reports on Agriculture Industry, by Market Research Farm Implements Market: Automated Feeding Systems Market: Vector Control Market : Lysine Market: Organic Feed Market: Tomato Seeds Market : CBD Plant Nutrients Market: Insect Pest Control Market: Phosphate Fertilizer Market: About Market Research Future: Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. Contact Us: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@ Website:
