0001628280-26-034091
SEC filingSenesTech reported Q1 2026 revenue of $493,000, a 2% increase, with record direct-to-consumer and subscription growth, and a net loss of $2.1 million.
SenesTech's Q1 2026 results reflect a strategic pivot to direct-to-consumer e-commerce, with revenue growing 2% to $493,000 despite a $157,000 reduction in third-party e-commerce revenue due to the in-house transition. Direct-to-consumer revenue surged 42% to $194,000, and subscription revenue rose 44% to $56,000, underscoring the recurring nature of the business. Gross margin expanded to a record 68.6%, driven by improved direct channel economics and pricing discipline. However, net loss widened to $2.1 million from $1.7 million, including $443,000 in severance and one-time legal costs. Adjusted EBITDA loss was $1.6 million, slightly worse than $1.5 million a year ago. April 2026 e-commerce sales jumped 163% to $146,000, providing early validation of the Amazon transition. Management highlighted the appointment of new CEO Michael Edell, who previously served as Interim COO and helped accelerate the direct-to-consumer strategy. The company ended the quarter with $6.8 million in cash, supporting ongoing initiatives. No forward guidance was provided.