SenesTech reports Q1 revenue up 2%, appoints new CEO By Investing.com
SenesTech (NASDAQ: SNES) reported a 2% increase in Q1 revenue to $493,000 and announced the appointment of Michael Edell as President and CEO. The revenue growth was boosted by direct-to-consumer and business-to-business sales despite a transition from third-party to in-house e-commerce management. The company remains unprofitable, with a net loss of $2.1 million, but maintains a strong balance sheet with $6.8 million in cash and minimal debt.