SenesTech Announces 2021 Second Quarter Financial and Operational Results

About this update from Senestech, Inc.

[{"type":"text","content":"Revenue Growth of 125% from the Second Quarter in 2020 and 82% Sequentially\n\n\nPHOENIX, Aug. 12, 2021 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES, \"SenesTech\" or the \"Company\"), (www.senestech.com) the rodent fertility control experts and inventors of the first and only EPA registered rat contraceptive, ContraPest®, announced today revenues for the second quarter of 2021 increased 125% from the same period a year ago, and are up 82% sequentially. Year to date, revenues have increased 130% from the same period last year. The growth is driven by continued adoption of ContraPest across its key market segments and continued strong growth in California, which recently enacted legislation restricting the use of the four major second generation anticoagulant rodenticides (SGARs), creating market opportunities for non-lethal, effective pest control alternatives.\n\n \n \n \n \n \n \n\n \nThe Company is now supporting nearly 500 active customers, with more than 250 new customers added during the second quarter. Importantly, the Company is seeing increases in average order value as well as reduced churn. Key sales acceleration tactics employed include enhanced marketing, advertising and public relations initiatives, new website and branding, the launch of ContraPestStore.com on Shopify, completion of long-term studies across key market segments and enhanced strategic partnerships and collaborations with key distributors and pest management professionals (\"PMPs\"), all contributing to the revenue growth of ContraPest. \n\"The second quarter of 2021 was clearly a growth quarter for SenesTech, highlighted by record quarterly revenue which was more than double that from the year ago period and up 82% from the most recent quarter. We are leveraging robust real-world data that shows how ContraPest dramatically reduces rat populations to drive demand in high value, targeted market segments, while expanding our work with PMPs and targeted distributors in the pest management industry,\" said Ken Siegel, SenesTech's Chief Executive Officer. \"Importantly, we are continuing to gain significant traction within California which represented nearly a third of our year-to-date 2021 sales following the state's recent actions to restrict use of certain SGARs, expanding the opportunity for ContraPest's non-lethal and effective approach to pest cont...

More updates from Senestech, Inc.