Quarterly ResultMay 12, 2026, 04:13 PM
SenesTech Q1 Revenue +2% to $493K; Record DTC & Subscription Growth
AI Summary
SenesTech reported Q1 2026 financial results, with revenue increasing 2% to $493,000. The company achieved record direct-to-consumer (DTC) revenue, up 42% to $194,000, and subscription revenue, up 44% to $56,000, following a strategic transition to in-house e-commerce management. Gross margin expanded to a record 68.6%, while net loss widened to $2.1 million, including severance and one-time legal costs. Michael Edell was appointed CEO, reinforcing the focus on scalable recurring revenue growth, with April e-commerce sales showing strong momentum.
Key Highlights
- Michael Edell appointed President and Chief Executive Officer in May 2026.
- Q1 2026 revenue increased 2% to $493,000 compared to Q1 2025.
- Direct-to-consumer revenue surged 42% to $194,000 in Q1 2026.
- Subscription revenue grew 44% to $56,000 in Q1 2026.
- Gross profit increased 8% to $338,000, with gross margin expanding to a record 68.6%.
- Net loss for Q1 2026 was $2.1 million, compared to $1.7 million in Q1 2025.
- Adjusted EBITDA loss was $1.6 million in Q1 2026.
- April 2026 e-commerce sales increased 163% to a record $146,000.