SenesTech Q2 revenue jumps on e-commerce growth
SNES•Outlook
The company expects continued e-commerce growth, supported by expanded digital marketing initiatives.
Result drivers
- E-commerce expansion - Co said revenue growth was driven by continued expansion of e-commerce business across both online DTC and online B2B channels, led by record performance after taking over Amazon management.
- Subscription growth - Record subscriber growth across Amazon and the co's website strengthened recurring revenue base and increased revenue visibility.
- Product mix and pricing - Record gross margin reflected improved channel mix, favorable supply costs, and disciplined pricing practices.
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $770,000 | $601,500 (2 Analysts) |
| Q2 Net Loss | Beat | $1.83 mln | $1.92 mln (2 Analysts) |
| Q2 Income From Operations | Beat | -$1.86 mln | -$1.97 mln (2 Analysts) |
| Q2 Gross Profit | $567,000 | ||
| Q2 Loss Per Basic Share | $0.35 |
The one available analyst rating on the shares is "buy". The average consensus recommendation for the agricultural chemicals peer group is "buy". Wall Street's median 12-month price target for Senestech Inc is $6.75, about 304.2% above its August 4 closing price of $1.67.
