Q2 2026 Senestech Inc Earnings Call Transcript
Key Points
- Record Q2 revenue of $770,000, up 56% sequentially, driven by strong e-commerce growth.
- E-commerce revenue surged 186% sequentially to a record $511,000, with Amazon revenue up 473%.
- Gross margin reached a company record of 73.6%, up 510 basis points sequentially.
- Subscription revenue grew 89% sequentially and 142% year-over-year, with subscriber counts up 117%.
- Core B2B revenue increased 11% sequentially and 14% year-over-year, excluding one-time items.
- Net loss increased year-over-year to $1.8 million from $1.6 million in Q2 2025.
- Adjusted EBITDA loss widened to $1.4 million from $1.2 million in the prior year quarter.
- Cash burn remains significant, with $1.7 million used in Q2 and only $5.1 million in cash, sufficient for nine months.
- B2B revenue declined 26% sequentially and 44% year-over-year on a reported basis.
- No immediate orders expected from Washington D.C. or New York City trials, limiting near-term municipal growth.
Good afternoon, and welcome to the SenesTech reports second-quarter fiscal year 2026 financial results conference call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Robert Blum with Lytham Partners. Please go ahead.
All right. Thank you very much, Megan, and thank you all for joining us today to discuss SenesTech's second quarter 2026 financial results. Again, this is for the period ended June 30, 2026. With us on the call today are Michael Edell, the company's President, Chief Executive Officer; and Tom Chesterman, the company's Chief Financial Officer.
As the operator indicated, at the conclusion of today's prepared remarks, we will open the call for a question-and-answer session. Again, if you are listening through the webcast portal and would like to ask a question, you can submit it through the Ask a Question feature in the webcast player there.
Before we begin with prepared remarks, we submit for the record the following
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