Senestech (SNES) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of $770,000, up 56% sequentially and 23% year-over-year, driven by e-commerce momentum, Amazon channel management, and strategic transformation from research to revenue focus.

• E-commerce revenue reached $511,000, up 186% sequentially and 206% year-over-year, with Amazon revenue up 473% sequentially to $349,000 after bringing management in-house.

• Gross margin hit a record 73.6%, reflecting improved channel mix, pricing discipline, and favorable raw material costs.

• Direct-to-consumer subscription revenue rose 89% sequentially and 142% year-over-year, supporting a growing recurring revenue base and improved revenue visibility.

• Leadership changes, new EVP of Sales, and a redesigned e-commerce website are accelerating growth and operational progress.

Financial highlights

• Q2 2026 revenue: $770,000 (up 56% sequentially, 23% year-over-year); H1 2026 revenue: $1.26 million (up 14% year-over-year).

• Gross profit: $567,000 (up 68% sequentially, 39% year-over-year); gross margin: 73.6% (up 510 bps sequentially, 810 bps year-over-year).

• Net loss: $1.8 million (improved from $2.1 million in Q1 2026, but higher than $1.6 million Q2 2025); adjusted EBITDA loss: $1.4 million (improved 15% sequentially).

• Cash and cash equivalents: $5.1 million at June 30, 2026.

• Loss per share: $0.35 (Q2 2026), $0.87 (Q2 2025).

Outlook and guidance

• Focus remains on scaling e-commerce, improving conversion, retention, and repeat purchasing.

• July 2026 e-commerce revenue rose 19% month-over-month to $245,000; subscription revenue up 22% to $53,000.

• Cash runway expected to fund operations through at least Q1 2027, with additional financing needed to achieve profitability.

• Management plans to grow revenue, manage expenses, and raise capital through equity sales under the ATM Facility.