Quarterly ResultAug 6, 2026, 06:06 AM
SenesTech Q2 Net Loss Widens to $1.83M; Cash Declines
AI Summary
SenesTech reported a wider net loss of $1.83 million for Q2 2026, up from $1.62 million in Q2 2025, despite a 23.2% increase in net revenue to $770,000. The company's cash and cash equivalents significantly decreased to $5.08 million as of June 30, 2026, from $7.58 million at year-end 2025. Management indicated that current cash is sufficient only through Q1 2027, highlighting the need for additional financing to continue as a going concern.
Key Highlights
- Q2 2026 net revenue increased 23.2% to $770,000.
- Q2 2026 net loss widened to $1.83 million from $1.62 million in Q2 2025.
- Cash and cash equivalents decreased to $5.08 million as of June 30, 2026.
- Accumulated deficit reached $146.4 million as of June 30, 2026.
- Net cash used in operating activities was $3.64 million for six months ended June 30, 2026.
- Amazon accounted for 45% of Q2 2026 revenue and 56% of accounts receivable.
- Remaining capacity under ATM Facility is approximately $7.3 million.
Price Impact
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