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Senestech (SNES) investor relations material
Senestech Lytham Partners Fall 2025 Investor Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market opportunity and industry context
Rodent overpopulation causes over $27 billion in annual U.S. infrastructure damage and 20% of global food loss.
Traditional rodenticides face growing resistance, regulatory bans, and environmental concerns.
The U.S. rodenticide market is valued at $1 billion, with a $4.5 billion global market.
Demand is rising for humane, non-toxic, and sustainable rodent control solutions.
Regulatory tailwinds and bans on poisons are accelerating adoption of alternatives.
Product innovation and competitive positioning
Developed the first EPA-approved and FIFRA 25(b) minimum risk rodent birth control products.
Evolve, a solid soft bait launched in January 2024, is now the top-selling product, expanding market reach.
Evolve offers high efficacy, safety, ease of use, and no secondary poisoning or environmental accumulation.
Strong IP protection, regulatory head start, and exclusive efficacy data create a defensible market moat.
First mover in key distribution channels, including Amazon and international agreements.
Financial performance and growth drivers
2024 revenue increased 56% year over year, with e-commerce up 107% and gross margins at 65%.
Evolve accounted for 83% of Q2 sales, with municipal sales up seven-fold and international shipments growing.
Operating expenses are decreasing due to an OPEX optimization plan and focus on high-margin products.
Break-even is projected at $6.5–$7 million in annual revenue, with a clear path supported by current growth.
Cash position is strong at $11.7 million, providing runway through 2026 and potential for further capital from warrants.
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