SenesTech reported a strong third quarter for fiscal year 2025, achieving record revenues with a 43% year-over-year increase, driven by the rapid adoption of its Evolve product line and strategic retail partnerships.
- E-commerce sales exceeded 50% of total revenue, experiencing a notable 55% year-over-year growth, bolstered by a new partnership with Lowe's.
- Gross margins maintained at a solid 63%, while operating expenses decreased by 4% year-over-year and 12% sequentially.
- Adjusted EBITDA loss improved to $1.2 million, the best in the company's history, showcasing effective cash management strategies.
- Retail sales surged by 254% year-over-year, facilitated by increased adoption through ACE Hardware and Bradley Caldwell in over 8,000 locations.
- Municipal revenue grew 139% year-over-year, reflecting expanding deployments in major cities like New York, Chicago, and Baltimore.
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