Earnings Call Summary | SenesTech(SNES.US) Q4 2023 Earnings Conference
Earnings Call Summary | SenesTech(SNES.US) Q4 2023 Earnings Conference
The following is a summary of the SenesTech, Inc. (SNES) Q4 2023 Earnings Call Transcript:
Financial Performance:
SenesTech reported an impressive 80% growth in total revenues for 2024 compared to the same period in 2023, primarily driven by orders for its new product, Evolve.
The annual revenue was $1.2 million, a 17% increase from the previous year's $1.0 million.
Gross profit for 2023 was $539,000, equivalent to 45% of total revenue.
Operating expenses were successfully reduced by $1.6 million, improving the net loss position to $7.7 million, a reduction by $2 million compared to 2022.
Adjusted EBITDA loss for 2023 showed an improvement, decreasing by $1.5 million over the previous year.
SenesTech ended 2023 with $5.4 million in cash, reflecting a $5 million public offering completed in November 2023.
Business Progress:
SenesTech successfully launched Evolve, expanding its market reach.
The company established important partnerships with a large network of hardware stores, a pest management firm focused on the grain management market and a global leader in irrigation solutions.
The company is close to finalizing deals with manufacturers focusing on retail relationships and added several new international distributors.
The development team is making progress in creating a mouse control product due to launch mid-2024.
Efforts are being made to expand e-commerce via a major online pest control product distributor.
SenesTech has increased manufacturing capabilities with plans to double these in the near future.
Plans are in progress to cut another $1 million in annual operating expenses.
More details: SenesTech IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the SenesTech, Inc. (SNES) Q4 2023 Earnings Call Transcript:
以下是SenesTech, Inc.(SNES)2023年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
SenesTech reported an impressive 80% growth in total revenues for 2024 compared to the same period in 2023, primarily driven by orders for its new product, Evolve.
The annual revenue was $1.2 million, a 17% increase from the previous year's $1.0 million.
Gross profit for 2023 was $539,000, equivalent to 45% of total revenue.
Operating expenses were successfully reduced by $1.6 million, improving the net loss position to $7.7 million, a reduction by $2 million compared to 2022.
Adjusted EBITDA loss for 2023 showed an improvement, decreasing by $1.5 million over the previous year.
SenesTech ended 2023 with $5.4 million in cash, reflecting a $5 million public offering completed in November 2023.
SenesTech報告稱,與2023年同期相比,2024年的總收入增長了80%,這主要是由其新產品Evolve的訂單推動的。
年收入爲120萬美元,較上一年的100萬美元增長了17%。
2023年的毛利爲539,000美元,相當於總收入的45%。
運營費用成功減少了160萬美元,使淨虧損狀況提高至770萬美元,與2022年相比減少了200萬美元。
2023年調整後的息稅折舊攤銷前利潤虧損有所改善,比上年減少了150萬美元。
SenesTech在2023年底獲得了540萬澳元的現金,反映了2023年11月完成的500萬美元公開募股。
Business Progress:
業務進展:
SenesTech successfully launched Evolve, expanding its market reach.
The company established important partnerships with a large network of hardware stores, a pest management firm focused on the grain management market and a global leader in irrigation solutions.
The company is close to finalizing deals with manufacturers focusing on retail relationships and added several new international distributors.
The development team is making progress in creating a mouse control product due to launch mid-2024.
Efforts are being made to expand e-commerce via a major online pest control product distributor.
SenesTech has increased manufacturing capabilities with plans to double these in the near future.
Plans are in progress to cut another $1 million in annual operating expenses.
SenesTech成功推出了Evolve,擴大了其市場覆蓋範圍。
該公司與龐大的五金店網絡、一家專注於穀物管理市場的害蟲管理公司以及灌溉解決方案的全球領導者建立了重要的合作伙伴關係。
該公司即將與專注於零售關係的製造商敲定協議,並增加了幾家新的國際分銷商。
開發團隊在開發定於2024年中期推出的鼠標控制產品方面正在取得進展。
正在努力通過一家主要的在線害蟲防治產品分銷商擴大電子商務。
SenesTech已經提高了製造能力,並計劃在不久的將來將其翻一番。
每年再削減100萬美元的運營開支的計劃正在進行中。
More details: SenesTech IR
更多詳情: SenesTech IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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