SenesTech, Inc.

SenesTech, Inc. announced a significant management change with Michael Edell appointed as the new President and CEO, succeeding Joel Fruendt. For the first quarter of 2026, the company reported a 2% increase in net revenues to $493,000, primarily driven by its Evolve product line, which now constitutes 85% of total revenues. Despite an 8% increase in gross profit to $338,000, the net loss widened by 24% to $(2,063,000) due to increased operating expenses. The company also settled its legal dispute with Liphatech Inc. in March 2026.

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.

SenesTech, Inc. has appointed Michael Edell as its new President and Chief Executive Officer, effective May 6, 2026, succeeding Joel L. Fruendt. Mr. Edell, who previously served as Interim COO, will receive an annual base salary of $360,000 and is eligible for an annual incentive bonus targeting 60% of his base salary. He was also granted an option to purchase 5.0% of the company's outstanding common stock and appointed to the Board of Directors. Jamie Bechtel's role as Interim Executive Chair concluded.

SenesTech, Inc. announced its Annual Meeting of Stockholders will be held on June 9, 2026, in Surprise, Arizona. Shareholders will vote on the election of two Class I directors, a non-binding advisory resolution on executive compensation for fiscal year 2025, and an amendment to the 2018 Equity Incentive Plan to increase shares by 1,700,000. Additionally, the appointment of M&K CPAS, PLLC as the independent registered public accounting firm for fiscal year 2026 will be ratified.