Senestech Q2 2025 Earnings Call Transcript

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Provided by Quartr
August 7, 2025

Key Takeaways

  • Positive Sentiment: SenesTech reported record Q2 revenue of $625,000, a 36% Y/Y increase, with EVOLVE driving 94% sales growth and boosting gross margin to 65.4%.
  • Positive Sentiment: E-commerce now represents over 50% of total sales, up 78% Y/Y and 18% sequentially, with Amazon channel growing at 10–15% month-over-month.
  • Positive Sentiment: Brick-and-mortar retail surged nearly 500% sequentially to ~$65,000 following a new distribution deal with Bradley Caldwell, and talks continue with major home improvement chains.
  • Positive Sentiment: Municipal/government sales jumped 538% Y/Y, driven by EVOLVE trials and reorders in cities like Chicago and New York that reported significant rat activity reduction.
  • Positive Sentiment: Balance sheet strengthened to $6.1M in cash with runway through 2027+, and management targets cash-flow breakeven at ~$1.5M quarterly revenue.
AI Generated. May Contain Errors.
Earnings Conference Call
Senestech Q2 2025
00:00 / 00:00

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Operator

Good afternoon and welcome to the SenesTech Second Quarter Fiscal Year twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode. Please note that this event is being recorded. I would now like to turn the conference over to Robert Blum with Lithium Partners. Please go ahead.

Robert Blum
Managing Partner at Lytham Partners

All right. Thank you very much, operator, and thank you all for joining us today to discuss SenesTech's second quarter twenty twenty five financial results and this is for the period ended 06/30/2025. With us on the call today is Joel Fruint, the company's Chief Executive Officer and Tom Chesterman, the company's Chief Financial Officer. At the conclusion of today's prepared remarks, we will open the call for a question and answer session. If you are listening through the webcast portal and would like to ask a question, you can submit your question through the Ask a Question feature in the webcast player.

Robert Blum
Managing Partner at Lytham Partners

Before we begin with prepared remarks, we submit for the record the following statement. Statements made by the management team of SenesTech during the course of this conference call may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended and such forward looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements describe future expectations, plans, results or strategies and are generally preceded by words such as may, future, plan or planned, will or should, expected, anticipates, draft, eventually or projected. Listeners are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward looking statements, including the risks that actual results may differ materially from those projected in the forward looking statements as a result of various factors and other risks identified in the company's filings with the Securities and Exchange Commission. All forward looking statements contained during this conference call speak only as of the date in which they were made and are based on management's assumptions and estimates as of such date.

Robert Blum
Managing Partner at Lytham Partners

Company does not undertake any obligation to publicly update any forward looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise. With that said, let me turn the call over to Joel Fruent, Chief Executive Officer. Joel, please proceed.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Thank you, Robert, and good afternoon, everyone. Thank you all for joining us today for our second quarter twenty twenty five conference call. As you can see from the press release, we had yet another quarter of tremendous performance highlighted by record quarterly revenue and record gross profit margins and gross profit dollars, which led to another quarter of improved adjusted EBITDA. The adoption of our Evolve rodent birth control solution continues to be a game changer, which has significantly opened up the addressable market opportunity for SenesTech. We are seeing growth across all channels in our six channel strategy.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

During the quarter, EVOLVE sales were up an incredible 94% compared to the year ago second quarter and up 36% sequentially. EVOLVE now makes up 83% of our total quarterly revenue. While revenue growth is key, we have also dramatically grown our gross profit dollar contributions, a key metric to us achieving cash flow breakeven. This improvement was due to higher inherent gross margins of our EVOLVE product line. During the quarter, gross profit margins were 65.4%, up from 54.2% in the year ago second quarter, and compared to 64.5% in Q1.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

From a gross profit dollar perspective, we were up 64% compared to last year's Q2. As EVOLVE sales continue to grow and make up the majority of our overall sales mix, we expect to see continued long term improvement in gross margins. As we have talked about for some time, Evolve has opened the door to market verticals and distribution channels, which our earlier product ContraPest simply wasn't suited for. For instance, ecommerce sales, which include Amazon, walmart.com, tractorsupply.com, and diypestcontrol.com, as well as our own ecommerce sites, are much more suited for the soft bait form factor of Evolve compared to the liquid solution of ContraPest. Ecommerce was up 78% compared to last year and up 18% sequentially, with Amazon clearly leading the way.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Overall, e commerce now represents more than 50% of our quarterly sales, and we don't see any reason for this to be slowing down anytime soon. Another key market vertical more suited for Evolve that is showing rapid growth is brick and mortar retail. During the second quarter, we signed an agreement with Bradley Caldwell, a premier wholesale distributor serving over 8,000 farm, ranch, hardware, and pet supply deals across The United States. This new partnership significantly expands our national distribution footprint and brings EVOLVE directly into the hands of rural retailers and independent dealers who serve America's agricultural communities. While coming from a relatively small base, brick and mortar retail sales were up nearly 500% sequentially during the second quarter, with sales of approximately $65,000 Beyond this order with Bradley Caldwell, we have been in discussions with the two largest home improvement chains in The US about carrying EVOL.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

I always want to caution that the process to carry products on retail store shelves tends to be lengthy. As you can imagine, in order for even a small region of one of the large home improvement retailers could translate into transformational growth for SenesTech. Another key market vertical which has been a key factor in driving growth has been the city and government verticals where we currently have numerous trials and deployments ongoing, including New York City, Chicago's Wicker Park Bucktown SSA, Baltimore, San Francisco, LA, and the suburbs in Boston. Each of these is a bit unique in their status and approach, but it's fair to say that the results to date we have seen have been very strong in each location. For instance, in Chicago's Wicker Park Bucktown SSA, or special service area, they started deployment in April with crews installing bait boxes with evolved rat in the alleys behind several major thoroughfares in the neighborhoods.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Since inception, they have seen great consumption and more importantly, significantly reduced rad activity. As a Wicker Park resident noted, we now see the rad activity in a week that we used to see in a day. Consequently, we have received multiple reorders as they expand the program. We are working with the other 54 SSAs as they seek to implement an EVOLVE program. In fact, we just received an order from another SSA that we will be announcing shortly.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

And one small interesting note we have observed is that we have actually seen an uptick in the ecommerce orders from the area around Chicago's Wicker Park and Bucktown areas for EVOLVE, and the SSA has rolled out deployment. Neighbors are clearly excited at the opportunity to control the rat population without the toxins and poisons that pose a risk to many other animals, people, and water supplies. In New York, where they had begun deployment in April following approval in September by the city council to launch a RET contraceptive pilot program, the EVOLVE consumption is 100% out in the field. Our team has been in New York supporting the deployment and expect to see continued progress and reorders placed to advance the trial. In addition, we are working with a local distributor to arrange for long term supply to the city.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Between orders during the second quarter to the support the trials, as well as reorders from other key municipalities to the in government related sales grew more than 500% from the year ago second quarter. The numbers are still relatively small, but with potential full scale deployment, you can see how the numbers get very big very quickly. Another key distribution channel for which the introduction of a soft bait solution has expanded adoption has been international opportunities. Specifically during the second quarter, we received a reorder of Evolve to support a Caribbean island. We also are working through regulatory approvals in Australia and New Zealand, where additional launches are planned for later in 2025.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

We are expecting new and reorders in the coming months from numerous countries where distribution agreements have been signed. All told, we now have agreements with more than 15 countries to support EVOLVE's growth. Another win one of the world is that one of the world's largest amusement parks placed a multi pallet order for deployment after having trialed the products for nine months. This is very exciting news. The strong performance in many of our key market verticals, I always think it's important to highlight a few areas where the progress has been a little slower than expected, but plans are in place to accelerate adoption.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Last quarter, I talked about brick and mortar retail being one of those areas that was a bit slower than expected. As I just reported, we had a record retail quarter driven by the order from Bradley Caldwell for rural retail adoption. We continue to focus on big box opportunities and expect to have news for you in the coming quarter. Another area where the opportunity remains significant, but not yet totally realized, is within agricultural applications. The need within agriculture is huge with nearly 20% of the world's food supply destroyed due to rats.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

With rodenticides become increasingly banned or restricted in multiple jurisdictions such as organic farms, we believe it's only a matter of time before we break through in this important market vertical. Recently, worked with a number of ag related companies to conduct trials in their locations, including sugarcane fields, almond orchards, and granaries. We expect that we will see the breakthrough moment when these large scale operations will accept the very positive results of what full scale deployment can mean for their operations to save money. I look forward to positive results in the quarters to come. As I have stated over the past few quarters, SenesTech today has numerous shots on goal for what I would define as transformational growth, Growth that has the ability to quickly catapult us beyond our revenue breakeven point, which as a reminder is around $1,500,000 on a quarterly basis.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

This could come from expanded deployment in one of the numerous cities we have trials going ongoing around the country. This could come from numerous brick and mortar locations we are in discussions with. This could come from many international countries where we have agreements signed that wait approval for shipment. Or maybe this comes from the integration of a large scale pest management professional operator to integrate it into their service offerings. At the same time, this is not all about home runs or bust.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

We have a growing ecommerce business, which represents more than 50% of our sales and is growing sequentially every month. More specifically, Amazon sales are growing at at a 10 to 15% month over month rate. Traffic on walmart.com is also growing at a rapid pace, and we expect that to continue. We feel very good about our broad approach to expanding adoption of EVOLVE, and the results to date are reaffirming our strategies. Let me now turn the call over to Tom to review the financials in more detail.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

I will then come back to provide some closing comments and address any questions that you might have. Tom?

Tom Chesterman
Tom Chesterman
CFO at Senestech

Thank you, Joel. Let me take a moment to expand on the numbers in the press release and a few of the points that Joel mentioned in his earlier remarks. On the revenue line, total revenue for the second quarter was $625,000 which was an increase of 36% from Q2 of last year and up 29% sequentially. Breaking it down further, EVOLVE revenue increased 94% and accounted for 83% of our second quarter sales. ContraPest decreased approximately 45% and accounted for 17% of our Q2 sales.

Tom Chesterman
Tom Chesterman
CFO at Senestech

While down from the year ago period, ContraPest was actually up 3% sequentially. There are still a number of loyal ContraPest customers, and there are a couple of states where EVOLVE is not yet approved in which ContraPest can address their rodent fertility needs. Looking at it from a vertical breakdown, e commerce is clearly our largest contributor coming in at 56% of our overall Q2 sales. Overall, e commerce was up 78% compared to q two of last year and up 18% sequentially. Amazon is going well and is the predominant e commerce channel right now.

Tom Chesterman
Tom Chesterman
CFO at Senestech

Municipal sales, while still a relatively small percentage of total sales, saw a 538% increase from a year ago quarter driven by new deployments in Chicago and New York. Brick and mortar sales were more than $65,000 during q two driven by the large Bradley Caldwell order. In last year's q two, we had virtually no retail sales. We recognize about $20,000 in international sales during the Q2 from a follow on order in The Caribbean. As Joel mentioned, we have a few potential significant orders pending regulatory approval, which we expect will be key drivers for us later this year.

Tom Chesterman
Tom Chesterman
CFO at Senestech

Other contributors during q two were in the areas of agribusiness, commercial, pest management professionals, as well as zoos and sanctuaries. Turning to gross margins and gross profits as a whole, for the second quarter gross margins were 65.4% compared to 54.2% in q two of last year. Looking at it sequentially, gross margins also improved compared to 64.5% in q one. So you can see we are continually improving our gross margins. Looking at it from a gross profit dollar perspective, gross profit was $409,000 compared to 249,000 in last year's q two up 64%.

Tom Chesterman
Tom Chesterman
CFO at Senestech

It was also up sequentially. The driver here is EVOLVE, which has higher margins than ContraPest. As I mentioned last quarter, we are also increasing production capacity to meet future demand. We have officially completed our move into our new larger facility in the Phoenix area to meet growing demand for EVOLVE product with new automated capabilities to drive improvement in gross margins. On the OpEx line, operating expenses were up slightly from Q2 of last year, primarily due to what I would define as one time expenses during the quarter.

Tom Chesterman
Tom Chesterman
CFO at Senestech

Excluding the one off charges, our cost control initiatives are bringing down our operating expenses as we pursue our goal of a reduced cash burn of $1,000,000 per quarter. All told, the higher gross margins and operating efficiencies gained on the manufacturing are expected to move our cash flow breakeven level to a little over $1,500,000 per quarter. We continue to move closer to that inflection point that many companies and investors are looking for. There is still execution work to be done, but the pathway is clear. Transitioning our balance sheet is in the best position it has ever been.

Tom Chesterman
Tom Chesterman
CFO at Senestech

We ended the quarter with $6,100,000 in cash following a successful $4,500,000 in warrant exercises that occurred during the quarter, as well as utilization of our ATM facility for which we raised gross proceeds of $3,000,000 during the second quarter. Further, we closed on additional financing of 6,300,000.0 on August 5 through a warrant exercise inducement, providing an operating runway now through the 2027 and beyond based on recent quarterly results. This concludes a series of transactions designed to fully fund our growth plans and our path to profitability. Any further fundraising is likely to be limited to occasional opportunistic ATM open market issuances. We ended the quarter with approximately 3,800,000.0 shares outstanding.

Tom Chesterman
Tom Chesterman
CFO at Senestech

The August 2025 warrant exercise would then add an additional 1,500,000.0 shares to that, bringing the shares outstanding to approximately 5,300,000.0 shares. As a result of the warrant inducement transaction that closed earlier this week, there are now 2,200,000.0 short term warrants outstanding at $5.25 per share, which if exercised, would bring in more than $11,000,000. With that, let me turn the call back to Joel. Joel?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Thanks, Tom. Before I turn it over to any questions, I think it's important to take a step back to recognize everything that we have accomplished over the past year or so to put us in the position that we are in today. It was only a year and a half ago that we launched our Evolve RAT product, which was then followed up by by our Evolve mouse solution. Since that time, Evolve sales have grown an accelerated rate, including 94% year over year growth during this quarter. Evolve has changed the game for us by opening doors to key market verticals domestically and internationally.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

We are increasingly building a defensible market position built on science, regulatory trusts, IP protection, and category leadership. Just as we have shown to date, it is my expectation that we will continue to see adoption expand across our key market verticals and distribution channels, each of which can significantly transform this business. With a large addressable global market that has shown regulatory tailwinds in our favor, a first mover advantage in rodent birth control, a diverse and scalable go to market strategy that is producing results, and a lean focused growth strategy, which balances revenue growth with operational efficiencies to move the business towards breakeven, I couldn't be more excited about the position is in today. Please know that we are working hard every day on behalf of our shareholders, and really the public at large, to suppress rodent populations in a sustainable manner. As always, I thank you all for your interest in SenesTech.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

With that, I'm happy to open the call to questions. Robert, let me turn the call over to you to see if there are any questions in the webcast portal.

Robert Blum
Managing Partner at Lytham Partners

All right, very good. Thank you, Joel and Tom, for the prepared remarks there. We've got a series of questions here. I'll try to maybe lump them into buckets where appropriate. Starting off here, should we expect incremental improvements to gross margins in the coming quarters?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

I think you can, yes. It's Joel. I think you can look at that we expect margins to stay consistent where they're at, and, we may be able to see some improvement in the coming quarters as well.

Robert Blum
Managing Partner at Lytham Partners

Alright. Next question here. Is there room to accelerate ecommerce growth with additional digital marketing spend?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Yes. And that's, certainly is in the plans. And what we are looking at is that, okay, how can we accelerate, not only in e commerce but across all of our channels? And what are those, things that will give us a a good bang for the buck. And so we're really excited about being able to lay out those plans and do that acceleration.

Robert Blum
Managing Partner at Lytham Partners

Okay. Next question here. Should we expect higher volumes from cities like New York City, Chicago, Boston, Baltimore, LA County, and San Francisco where the product has been launched?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Well as you can see across not only the city and government verticals but others, it usually starts out with a test, a trial, and then they see the results. And once they see the results, then you start to see the increased flow of orders and revenues building. And certainly we believe that across the cities and government agencies is that you're going to be seeing continued growth as these trials prove out and evolve as the product that they wanna use, and that will give them another tool in their toolbox. So, we're expecting good things out of the trials and moving forward with implementation into their regular pest management practices.

Robert Blum
Managing Partner at Lytham Partners

Alright, great. Next question, what is the potential capacity in terms of dollars of the expanded manufacturing facility?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Well, right now, we have, the capacity to do, with the one shift we're running and and the line we're running on, to do roughly a million pounds, which translates roughly to $10,000,000 in revenue. But we're not standing still on that. We're looking to put in place not only, okay, how can we put in additional shifts, but also, additional lines. When we had the facility built and organized for us, we have the capacity put in, at least three different manufacturing lines. And, so we're we're in the process of taking a look at all those options and what makes the most sense for us, not only short term but also long term.

Robert Blum
Managing Partner at Lytham Partners

Alright. I believe Tom addressed this question's prepared remarks, but what is the new basic share count as of today?

Tom Chesterman
Tom Chesterman
CFO at Senestech

Well, yeah, I did cover it, but let me let me be specific. As of today, just checked. We have 4,724,340 shares outstanding.

Robert Blum
Managing Partner at Lytham Partners

Alright. Very specific there. There are a few questions regarding the recent capital raise. I'll try to maybe summarize here. Are you planning to do more in the future?

Robert Blum
Managing Partner at Lytham Partners

If yes, can you provide some clearance on why you would need to do any additional capital raises?

Tom Chesterman
Tom Chesterman
CFO at Senestech

Bill, you want to take that?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Tom? Tom? Don? Yep. So

Tom Chesterman
Tom Chesterman
CFO at Senestech

one of the things that's really been holding our stock back for years now really is a financing overhang. We did not have enough cash to confidently bridge to cash flow profitability. So starting at the beginning of this year, we initiated a plan transactions to get more than a few months runway. We now have that. We have the cash in hand to convince even the most skeptical that we can bridge to cash flow profitability.

Tom Chesterman
Tom Chesterman
CFO at Senestech

And as I mentioned earlier on the call, we have now concluded that program And so I don't anticipate further, financings like that, in in the near future. Perhaps not ever.

Robert Blum
Managing Partner at Lytham Partners

Alright. Very good. Next question here. Would a New York City full scale expansion require a big capital investment?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

I can answer that. It's a a full scale New York would would not require a significant capital investment right away, but what we would do is we would plan on expanding, as I just mentioned before, and to increase our capacity that way. And, you know, our the capital the CapEx that we would need in order to do that to add additional lines is somewhere in the $300 $400,000 range.

Robert Blum
Managing Partner at Lytham Partners

Alright. Next question here pertains to sort of just breakeven and profitability. Talk and again, Tom, I think you addressed this, but talk a little bit about the breakeven point both from a cost and a revenue standpoint and when is the earliest we could flip to profitability?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Yeah. If you look at it right now, when we did our our OpEx reductions earlier this year to get our burn rate down, we have said before and we're holding tight on this is that our revenue level in order to get to cash flow breakeven is somewhere in that 6 and a half million dollar revenue line, and, we think we can get to that line somewhere in the the 2026.

Robert Blum
Managing Partner at Lytham Partners

Alright. Very good. Next question here talking about the need to, I believe, hire additional, folks to to sort of meet some of your your, your growth expectations here? Do you need to hire additional people?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Yes. We have been hiring some people. And, as we look forward, we're hiring salespeople. We're also putting on manufacturers reps, right, that will handle this with a lot of the retail accounts, trying to do this in the most logical and cost effective way that we possibly can. Manufacturers reps have, existing contacts with a lot of the big box retailers and agriculture retailers.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

So, we're putting in field salespeople that are company people. We're gonna expand our, field team that goes out and does these field trials. As you can see, we're getting a lot of requests for field trials and assistance, and so we wanna make sure that we're properly staffed there. So that's in the plans as well. So, yes, as as we continue to expand and grow in each of these vertical markets that we've we've that we've realized and and and are on board with what we're trying to do, we're going to, be able to support those in, across the board.

Robert Blum
Managing Partner at Lytham Partners

Alright. Next question here. Are there any active trials that have not been announced?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Well, we have we have a lot of trials, small and large that are out there. So I'd have to say, there are active trials that have not been announced, but those could be a small scale. I mean, the large ones that have to do with the major cities we have out there. Certainly, we have trials that are going on in the agriculture industry, as I mentioned a little bit earlier, that we've not announced on. But we certainly as as as time goes on and as we have these trials we'll be relaying that information as we get the results.

Robert Blum
Managing Partner at Lytham Partners

All right. There's a few questions here pertaining to the ATM. Is there any well, maybe more broadly, if there's any definition here about what you would utilize the ATM for on a go forward basis.

Tom Chesterman
Tom Chesterman
CFO at Senestech

Well, in short, we we are not using it right now. It's not active. We have the capacity, but with these recent raises, we, we have enough cash for right now. So if in the future we find that, you know, the stock price surges, volume surges, and there's an ability to bring down some capital, we might. But, right now, we're we're seeing that more as a capacity and a potential as opposed to a plan.

Robert Blum
Managing Partner at Lytham Partners

Alright. Very good. Next question here. How long before you are in store with Tractor Supply, and NCAP would be perfect?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

We totally agree with that, and, we hope to have some news on that in the coming months.

Robert Blum
Managing Partner at Lytham Partners

Alright. Another question here. Can you specify how OpEx will be cut? How much will come out of SG and A versus r and d?

Tom Chesterman
Tom Chesterman
CFO at Senestech

Well, we've we've already made the cuts that, and we announced them last quarter, and they they really were a a of things where we've in sourced some marketing activities, where we've cut down on some of the, r and d towards additional species, for example, things like that. So it really wasn't not specifically at, either s g and a or r and d. As we move forward, we, you know, there are we continue to look at every expense, but we don't have any, specific plans to further reduce OpEx. In fact, there may be some areas as Joel mentioned, such as in sales where we may want to increase a little bit of investment as where our financials allow.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

And if I can add to that, can if I can add to that, Robert, it's, when we start looking at things, you know, we've we have requests all the time for other animals and, under mammals, and, how can they how can we come up with solutions for them? But we just we said it's like, right now, we are focusing exclusively on EVOLVE, EVOLVE rat, EVOLVE mouse, and we're gonna focus all of our efforts on that. That doesn't mean that we won't expand into some of these other areas, and some adjacent areas maybe as we go on. But we felt it very important at this time to really put that focus on the products we have and getting them out into the marketplace and get our trials going. And, so that was all part of the plan.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

And, you know, as we go along, we may add things. But, right now, we're really focused on laser focused, I I should say, on EVOLVE and and making sure that we give it everything that is needed in the marketplace to succeed.

Robert Blum
Managing Partner at Lytham Partners

Alright. And barring any last minute questions, we'll leave this probably as the last question. You spoke on this, but would you please clarify your statement about marketing through major brick and mortar retailers?

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Well, I I mean, I I think what they were referring to there is that, you know, major brick and mortar retailers are interested in our product. We have some discussions that are ongoing. And, as I mentioned, we hope to have, some announcements on that in the, coming, couple of months.

Robert Blum
Managing Partner at Lytham Partners

Alright. Very good. I am showing no additional questions here. I think we hopefully hit on everything. Joel, I will turn it back over to you for any closing remarks here.

Joel Fruendt
Joel Fruendt
CEO & Director at Senestech

Yeah, we're very happy with the quarter. We're happy with the year to date progress, and we believe our very best months are ahead of us this year. So stay tuned, we've got, a lot of things that are in process and other things that are upcoming. So appreciate all of your support and your interest in SenesTech.

Operator

The conference has now concluded. Thank you for attending today's presentation, and you may now disconnect your lines at this time.

Executives
    • Joel Fruendt
      Joel Fruendt
      CEO & Director
    • Tom Chesterman
      Tom Chesterman
      CFO
Analysts
    • Robert Blum
      Managing Partner at Lytham Partners
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