SNES - SenesTech Inc. (NASDAQ: SNES) Posts Strong 44% YOY Revenue Growth for Q3 2023; Looks to Accelerate This Growth with New Product Launch
- SenesTech, experts in animal fertility control, posted a 44% YOY revenue growth for Q3 2023
- Gross profit also saw 49% growth from $122,000 in 2022 to $175,000 in 2023
- The growth was attributed to the company’s primary initiatives to drive sales, improve product quality, and expand product options
- The company looks to greatly accelerate growth with the launch of its Evolve Soft Bait, key to opening the huge professional rodent control market, and the first and only soft bait developed to control pest populations through technology that targets the population where it starts, without poisons
SenesTech (NASDAQ: SNES), an animal fertility control innovator and the inventor of the only EPA-registered contraceptive for male and female rats, announced its financial results for the third quarter of the 2023 financial year (“Q3, 2023”) on November 9, 2023. Of note was the 44% year-over-year (“YOY”) growth in revenue, primarily attributed to the company’s initiatives to drive sales, improve product quality, and expand product options.
“We accelerated our growth trajectory during the third quarter with strong 44% year-over-year growth in revenues driven by the initiatives we have undertaken to drive sales, improve our product quality, and...
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