Thu, May 8, 9:28 PM (10 days ago)
**Senestech, Inc. (SNES) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $485,000 (up 17% YoY from $415,000), driven by the launch of Evolve Rat and Evolve Mouse, which accounted for 79% of Q1 2025 revenues. - **Gross Profit Margin:** 64.5% (up from 32.5% in Q1 2024), due to a shift in product mix towards lower-cost Evolve products. - **Operating Loss:** $(1,663,000) (down 10% YoY from $(1,843,000)), with total operating expenses remaining flat at $1,976,000. - **Net Loss:** $(1,665,000) (down 9% YoY from $(1,832,000)). - **Cash Flow:** Net cash used in operating activities was $(1,557,000), with financing activities providing $1,941,000, resulting in a net increase in cash of $348,000. - **Cash Position:** $1,655,000 in cash and cash equivalents as of March 31, 2025, with an accumulated deficit of $137.8 million. **Trends and Uncertainties:** - **Product Mix Shift:** Continued erosion of ContraPest demand is expected as Evolve products gain market acceptance. - **Cash Burn:** SenesTech expects to continue incurring significant expenses and operating losses for at least the next six months. - **Funding:** The company relies on equity and debt financing to fund operations and may need to raise additional capital to achieve revenue and margin targets. - **Legal Proceedings:** SenesTech is involved in a lawsuit with Liphatech Inc., alleging breach of contract and misappropriation of trade secrets. **Future Operations Impact:** - **Commercialization:** SenesTech is focusing on the successful commercialization of fertility control products in the U.S. and internationally. - **Regulatory Approval:** The company is seeking additional regulatory approvals for its products to expand market use. - **Expenses:** SenesTech expects to incur substantial and increased expenses as it focuses on marketing, sales, and product development. - **Going Concern:** The company's ability to continue as a going concern depends on its ability to generate additional funds and achieve profitability.