SenesTech Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

SenesTech (NASDAQ:SNES) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$459.0k (up 51% from 2Q 2023).
• Net loss: US$1.58m (loss narrowed by 21% from 2Q 2023).
• US$3.08 loss per share (improved from US$83.60 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SenesTech EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 6 warning signs for SenesTech (4 are concerning!) that you need to be mindful of.

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