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SenesTech (SNES) Q3 2026 Earnings Report

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SNES Q3 2026 EPS Results

Actual EPS
-$0.36
Consensus EPS
-$0.31
Beat/Miss
Missed by -$0.05
One Year Ago EPS
-$0.28

SNES Q3 2026 Revenue Results

Actual Revenue
$1.10M
Expected Revenue
$924.00K
Beat/Miss
Beat by +$173.00K
YoY Revenue Growth
+58.99%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/10/2026
Time
After Close
Conference Call
Tuesday, November 10, 2026
SNES Upcoming Earnings

SenesTech's next earnings date is estimated for March 18, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

SNES Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 10, 2026|% Change Since:-16.31%|
Earnings Call Sentiment|Positive

The call was predominantly positive, supported by record revenue and gross profit, strong ecommerce and subscription growth, improving operating cash use, expanding B2B capacity, and encouraging municipal results. However, the company remains unprofitable, continues to report significant operating expenses and cash usage, has not provided a profitability timeline, and faces shareholder concerns regarding ATM financing and dilution. Management also acknowledged that consumer education, pricing, and subscription structures still require optimization.

Company Guidance

Management said it expects to add at least 1 more salesperson before the end of the year, with the B2B team moving from 2 sales reps in the field to “5, hopefully, by the end of the year”; pricing and subscription model changes are expected in Q4 and Q1, while pipeline-building activities are underway as the company moves into Q1 and Q2. Management said B2B could “far exceed” ecommerce as the company expands its team and territories in 2027 and 2028, but said it does not provide future guidance on EBITDA breakeven or specific revenue levels.

  • First Quarterly Revenue Above $1 MillionThird-quarter revenue reached approximately $1.1 million, up 42% from $770,000 in the second quarter of fiscal 2026 and 59% from $690,000 in the third quarter of 2025. Management described this as the company's first quarter above $1 million and its second consecutive quarterly revenue record.
  • Record Gross ProfitGross profit reached a record $796,000, increasing 40% from $567,000 in the second quarter and 84% from $433,000 in the prior-year quarter.
  • Strong Gross MarginGross margin was 72.6%, compared with 73.6% in the second quarter and 62.8% a year ago.
  • Ecommerce Growth AcceleratedRevenue across online channels increased 52% sequentially and 337% year over year, representing 71% of total third-quarter revenue. Management also stated during Q&A that ecommerce comprised 72% of the quarter's business.
  • Amazon Delivered Record ResultsAmazon revenue increased 76% from the second quarter. The company established quarterly records for orders, revenue, Subscribe & Save revenue, and subscribers, with revenue increasing every month of the quarter.
  • Subscription Base Expanded RapidlyAmazon Subscribe & Save subscribers increased 161% from the end of June to the end of September. Across Amazon and the company's website, subscription revenue grew 53% sequentially and 234% year over year, while the combined subscriber base increased 72% during the quarter.
  • Growing Recurring Revenue ContributionSubscription revenue represented approximately 15% of total ecommerce revenue. Management said subscription revenue remained at a 15% to 16% level even as ecommerce sales and total revenue grew, and stated that it expects to grow that percentage further.
  • Direct B2B Revenue IncreasedDirect B2B revenue increased 19% sequentially as changes to the sales process supported growth in pest management, commercial, and government verticals. Direct B2B revenue increased 2% year over year.
  • Expanded B2B Sales CapacityThe company had four salespeople, including two recent additions, and expected to add at least one more before year-end, potentially bringing the team to five. Management said the expanded team is supporting broader territory coverage, customer engagement, opportunity development, and pipeline growth.
  • New Assessment and Monitoring Revenue OpportunitiesBeginning in July, SenesTech deployed assessment and monitoring services across targeted B2B verticals. Customers can use turnkey assessments performed by SenesTech or deploy tracking products themselves with data analyzed through internally developed AI tools. Management stated that revenues were generated from assessment and monitoring services on multiple Chicago deployments in July and August.
  • Municipal Program ResultsIn Chicago's Wicker Park and Bucktown deployment, a program incorporating assessment services and EVOLVE reduced average rodent activity intensity by 88% over 12 months, while rodent-related 311 calls declined 36%. EVOLVE had expanded to six Chicago special service areas and wards, and the third quarter was the company's highest municipal revenue quarter in history.
  • Additional Swampscott Efficacy ResultIn Swampscott, Massachusetts, EVOLVE-RAT combined with sanitation and waste-management improvements reduced measured rodent activity by 43% over six months.
  • Product Revenue GrowthEVOLVE revenue increased 67% year over year to $979,000 and represented 89% of product revenue. ENTREPEST revenue increased 13% to $118,000, driven by higher refill sales.
  • Broader Ecommerce DistributionThe company added Grove Collaborative as a third-party ecommerce channel and stated that Walmart.com and Grove are expanding its reach. Its own website remains a direct channel for product education, purchases, and subscriptions.
  • Brand and Customer-Education InitiativesSenesTech engaged Sandstrom Partners, which has worked with brands including Nike, Target, and Coca-Cola, to sharpen brand identity, improve communication across consumer, B2B, and investor audiences, define target audiences and value propositions, and support customer acquisition and retention.
  • Customer Acquisition Economics Remained PositiveManagement said it monitors acquisition costs daily and weekly and has been able to acquire customers profitably both on the immediate sale and based on the long-term value of those customers. The company stated that Amazon's net margin remains positive after Amazon fees, direct advertising, and other selling expenses.
  • Operating Cash Use Improved SequentiallyNet cash used in operating activities improved in each quarter since the end of 2025, declining from $1.9 million in the first quarter to $1.7 million in the second quarter and $1.3 million in the third quarter.
  • Pipeline and Outreach ExpansionThe B2B team began outbound outreach to tens of thousands of prospective opportunities, and management said activity, quotes, opportunities, and pipeline development were reflected in growth during the second, third, and fourth quarters.
  • Potential Shift Toward Equity-Based CompensationManagement said using more equity-based compensation instead of cash is being discussed at the board level, subject to having sufficient room in the options pool, as part of its focus on conserving cash.

SNES Earnings History

SNES earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Mar 18, 20272026 (Q4)-0.31--0.35――
Nov 10, 20262026 (Q3)-0.31-0.36-0.28-28.21% (-0.08)
Aug 05, 20262026 (Q2)-0.36-0.30-0.8765.75% (+0.57)
May 12, 20262026 (Q1)-0.33-0.31-1.2876.09% (+0.97)
Mar 12, 20262025 (Q4)-0.30-0.35-1.2271.31% (+0.87)
Nov 10, 20252025 (Q3)-0.35-0.28-2.0786.47% (+1.79)
Aug 07, 20252025 (Q2)―-0.87-3.0871.75% (+2.21)
May 08, 20252025 (Q1)―-1.28-3.664.44% (+2.32)
Mar 12, 20252024 (Q4)-1.50-1.22183.7-100.66% (-184.92)
Nov 12, 20242024 (Q3)-3.20-2.07-56.496.33% (+54.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed