Shares of SenesTech, Inc. (NASDAQ: SNES) experienced a sharp increase in value on the stock charts following the disclosure of its financial results. As of the last check, the SNES shares were trading at $2.59, a 13.60% gain in pre-market trading.
Revenue Growth and Financial Performance
SenesTech’s Q4 2024 revenue jumped from $295,000 to $501,000, a significant 70% rise over the same quarter the previous year. The impressive 206% rise in e-commerce sales was a major factor in this surge.
Additionally, the firm improved its net loss, which went from $1.7 million in Q4 2023 to $1.3 million. This development is a product of SNES’s continual efforts to strengthen operational performance and polish its business strategy.
Expanding the Evolve Product Line
One of SenesTech’s most noteworthy achievements in 2024 was the success of its Evolve product line. The Evolve Rat, a rodent reproductive control device, has rapidly become the company’s best-selling product, generating 52% of Q4 2024 revenue.
Evolve Mouse, which SNES also introduced in May 2024, immediately produced 24% of Q4 revenue. These devices, which were developed by a number of online merchants such as Amazon, Walmart, and Tractor Supply, were made to proactively manage rodent populations.
International Growth and Strategic Alliances
With distribution agreements struck in 10 nations and territories, SenesTech’s worldwide presence is only getting stronger. Shipments to Hong Kong, the United Arab Emirates, the Netherlands, and the Maldives are noteworthy, while distribution activities in Australia, New Zealand, and India are almost finished.
SenesTech also obtained a sizable order for their Evolve Rat product, which will be used in the rat contraceptive trial program in New York City starting in April. SNES is concentrating on increasing operational effectiveness and cutting expenses with these developments.
With the anticipated $2 million in incremental yearly savings from new projects, SNES will be one step closer to reaching cash flow breakeven at a lower revenue barrier of $7 million, rather than the previously projected $12 million. SenesTech is positioned for long-term, sustainable development and profitability thanks to these actions.