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.