SenesTech, Inc. (NASDAQ: SNES) reported Q2 EPS of ($0.10), $0.05 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $160 thousand versus the consensus estimate of $90 thousand.

"The second quarter of 2021 was clearly a growth quarter for SenesTech, highlighted by record quarterly revenue which was more than double that from the year ago period and up 82% from the most recent quarter. We are leveraging robust real-world data that shows how ContraPest dramatically reduces rat populations to drive demand in high value, targeted market segments, while expanding our work with PMPs and targeted distributors in the pest management industry," said Ken Siegel, SenesTech\'s Chief Executive Officer. "Importantly, we are continuing to gain significant traction within California which represented nearly a third of our year-to-date 2021 sales following the state\'s recent actions to restrict use of certain SGARs, expanding the opportunity for ContraPest\'s non-lethal and effective approach to pest control. In the next several weeks, we will launch an aggressive new multi-channel sales and marketing campaign that we expect will dramatically expand sales over the next several quarters."

Commencing in May 2021, SenesTech launched a new brand campaign, "The Pest Control Difference," featuring ContraPest. The rebrand represents SenesTech\'s evolution from a science-based research company to a solutions-based, environmentally responsible, commercial company providing a new and proven tool to pest control management for the 21st century. The campaign kicks into high gear next week with the launch of a creative new advertising campaign and sales blitz code named "Operation Rat Race."

"Operation Rat Race is a multi-channel strategy designed to dramatically expand lead generation and sales opportunities across each of our key market segments. Our sales team will be able to focus on high value targets as we continue to differentiate ourselves in the market," said Nicole Williams, SenesTech\'s Chief Strategy Officer. "The combination of key relationships in our distribution channel with aggressive demand generation will be critical for our growth plans for the balance of the year."

"We are laser-focused on accelerating sales and establishing ContraPest as a key component of all rat control programs," said Steve Krause, SenesTech\'s Executive Vice President of Commercialization. "Around the country, local governments and consumers are looking for more effective rat control that does not pose a threat to non-target animals. Agricultural managers are looking for more effective rat control to control costs and public health risks. When used as part of integrated pest management (IPM) program, ContraPest offers customers and the PMPs that service them a powerful, effective, and sustainable tool."

"The Company continues to reallocate resources towards efforts focused on revenue generation, and this continued evolution from a science-based research company to a solutions-based, commercial company is in full effect. Further, our cash position of $13.1 million at the end of June continues to put us in a solid position to continue executing our commercial plans," said Tom Chesterman, SenesTech\'s Chief Financial Officer.

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