SenesTech (SNES) Q2 2026 Earnings Report

The call highlighted strong operational momentum driven by a successful in-house e-commerce strategy: record quarterly revenue, significant Amazon and subscription growth, record gross profit and margin expansion, and early signs of B2B traction supported by new commercial capabilities. Counterbalancing these positives are continued operating losses and elevated operating expenses, significant near-term cash usage with a ~9-month runway, dependence on sustaining e-commerce momentum, and uncertainty around the timing and scale of large B2B wins and international regulatory approvals. Overall, the results show meaningful progress on execution but the company remains early in converting that momentum into profitability.

Management did not provide formal forward revenue guidance but outlined clear priorities (scale e‑commerce, grow subscriptions/retention, build B2B by vertical, launch assessment services) and said cash as of June 30 was $5.1M, which together with current run rates should fund operations for at least nine months. Key Q2 metrics cited as evidence of the plan’s traction: total revenue $770K (+56% sequential, +23% year‑over‑year), e‑commerce $511K (record; +186% seq, +206% YoY) including in‑house Amazon $349K (+473% seq; June record $148K) and non‑Amazon/shopify $155K (+31% seq); Q2 subscription/DTC revenue $104K (+89% seq, +142% YoY) with July subscription $52K (+22% vs June) and combined subscriber counts +117%; H1 revenue $1.26M (+14% YoY); product mix Evolve $662K (86% of product revenue, +27% YoY) and ContraPest $107K (+2% YoY, +43% vs Q1); gross profit $567K and record gross margin 73.6% (up 510 bps sequential, 810 bps YoY); adjusted EBITDA loss improved to $1.4M (‑15% seq); net loss improved sequentially to $1.8M; operating expenses $2.4M (including $270K severance); quarterly cash usage ~$1.7M with June burn of $298K.