Business
SenesTech Releases Preliminary Financials and Updates on Current Projects
PHOENIX, Feb. 13, 2020 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES), a developer of proprietary technologies for managing animal pest populations through
About this update from Senestech, Inc.
[{"type":"text","content":"PHOENIX, Feb. 13, 2020 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES), a developer of proprietary technologies for managing animal pest populations through fertility control, announced today that preliminary unaudited revenues for the fourth quarter were approximately $70,000, compared to $36,000 in the third quarter of 2019, and approximately $149,000 for fiscal 2019, compared to $297,000 in 2018. \n\n \n \n\n \nKenneth Siegel, SenesTech's CEO, provided the following comments on current projects:\n\"All of our current deployments are designed to show the efficacy of ContraPest across each of our target markets. We believe that this will be critical to gaining widespread adoption of the product as we scale up our commercialization program. We are targeting both end user customers and PMPs in our marketing efforts to demonstrate economic value across the entire distribution channel.\n\"Our Washington D.C. deployment continues to meet our expectations and, we believe, our customer's expectations. Camera studies provide further support to our expectation that ContraPest will be a valuable tool for rodent control in D.C. and in other metropolitan areas.\n\"Our projects in poultry farms are going well, as we learn with our partners the best protocols for deploying ContraPest in their unique environments. Our goal is to demonstrate both the economic value and efficacy of ContraPest as these projects reach six to nine months of deployment.\n\"Our project in national retail continues to expand to additional locations. As with poultry farms, our goal is to demonstrate a clear economic benefit for the inclusion of ContraPest in their integrated pest management program.\n\"We continue to monitor the political developments in California, and we continue to believe that AB1788 will resume its legislative progress in the current legislative session. In addition, our deployments in San Francisco and Los Angeles continue, with good consumption and possible expansion in the park deployment and the animal sanctuary deployment, respectively. \n\"Finally, we have identified and recruited a new head of sales and marketing with extensive experience in commercializing environmentally responsible pest control products. We anticipate announcing his appointment in the near future, when he officially joins us.\"\nAddressing cost control measures, Tom Ches...