Senestech (SNES) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record $1.097M, up 59% YoY and 42% QoQ; gross profit also set a record at $796K.

• E-commerce and subscriptions led growth, direct B2B advanced sequentially, and operating cash use declined for a third consecutive quarter.

Financial highlights

• Q3 revenue was $1.097M vs. $690K in Q3 2025; 9M revenue was $2.360M vs. $1.800M.

• Q3 gross profit was $796K vs. $433K YoY; 9M gross profit was $1.701M vs. $1.155M.

• Operating expenses were $2.8M vs. $1.8M YoY; operating loss was $1.991M and net loss was $1.956M, or $0.36/share, vs. $1.347M and $1.298M, or $0.28/share.

• Adjusted EBITDA loss was $1.428M vs. $1.140M in Q3 2025; 9M adjusted EBITDA loss was $4.379M vs. $3.752M.

• Q3 G&A included $524K in combined non-cash stock-based compensation and bonus accrual, including higher-than-usual out-of-period expense.

Outlook and guidance

• No formal revenue or EBITDA guidance; priorities include e-commerce, subscriptions, B2B sales capacity, customer education and disciplined spending.

• Q4 e-commerce growth is expected to make seasonality less pronounced, while fewer holiday business days may constrain B2B activity.

• Pricing, packaging and subscription strategies are under review, with changes expected in Q4 and Q1; management sees B2B potentially exceeding e-commerce in 2027–2028.

• Two additional sales hires were expected by year-end, after two additions expanded the B2B team to four.