SenesTech, Inc. (SNES) Misses Q1 EPS by 1c

SenesTech, Inc. (NASDAQ: SNES) reported Q1 EPS of ($0.16), $0.01 worse than the analyst estimate of ($0.15).

• Revenues from product sales during Q1 2018 were $19,000, compared to $7,000 of revenue from product sales during Q1 2017.
• Operating expenses during Q1 2018 were approximately $2.7 million, compared to approximately $3.5 million during Q1 2017. Operating expenses during Q1 2018 included non-cash equity compensation of $0.7 million. The decrease in operating expense was attributable to decreases in net salary costs and professional service fees, and a decrease in R&D related-activities. The Company anticipates that operating cash utilization will continue at or below $750,000 per month.
• Net loss during Q1 2018 was approximately $2.7 million or $0.16 per share, compared to approximately $3.5 million, or $0.34 per share, during Q1 2017.
• Adjusted EBITDA, which is a non-GAAP measure of operating performance, was $(1.8) million during Q1 2018, compared to $(2.3) million during Q1 2017.
• Cash, cash equivalents and highly liquid investments at the end of the first quarter were approximately $4.8 million.

For earnings history and earnings-related data on SenesTech, Inc. (SNES) click here.

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