SenesTech, Inc. Q3 2025 Earnings Recap

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.

Key Takeaways

• 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.