Basic Material Stock under Consideration: SenesTech, Inc. (NASDAQ: SNES)

On Monday, Shares of SenesTech, Inc. (NASDAQ: SNES) lost -1.23% to $1.61. The stock opened its trade at $1.75 and after floating in a price range of $1.55 to $1.92; the stock grabbed the investor’s attention and traded 4.26M shares as compared to its average daily volume of 2.64M shares. The stock’s institutional ownership stands at 23.10%.

SenesTech, Inc. (SNES), a developer of proprietary technologies for managing animal pest populations through fertility control, recently declared its first quarter 2018 financial results.

First Quarter 2018 Financial Results:

Revenues from product sales during Q1 2018 were $19.0K, contrast to $7.0K of revenue from product sales during Q1 2017.

Operating expenses during Q1 2018 were about $2.70M, contrast to about $3.50M during Q1 2017. Operating expenses during Q1 2018 included non-cash equity compensation of $0.70M. 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 $750.0K per month.

Net loss during Q1 2018 was about $2.70M or $0.16 per share; contrast to about $3.50M, or $0.34 per share, during Q1 2017.

Adjusted EBITDA, which is a non-GAAP measure of operating performance, was $(1.80)M during Q1 2018, contrast to $(2.30)M during Q1 2017.

Cash, cash equivalents and highly liquid investments at the end of the first quarter were about $4.80M.

SNES has a market value of $22.49M while its EPS was booked as $-0.98 in the last 12 months. The stock has 13.80M shares outstanding. ATR value of the company was 0.22. Analyst recommendation for this stock stands at 2.00.

Grover Beam

Grover Beam has over 14 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of her time analyzing earnings reports and watching commodities and derivatives. He has a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.