90-Second Read: Hantavirus Ship Shines Light on Problem SNES Tackles – Initiating Coverage

Rodent infestations are pervasive, but problem is often undisclosed SenesTech, Inc. In early 2024, SenesTech launched Evolve TM Soft Bait, which the company developed to offer customers a product with similar efficacy to ContraPest® in a format that is easier to deploy. DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Many regulators are restricting the use of chemical rodenticides.

The industry is increasingly adopting Integrated Pest Management (IPM) programs that include fertility management, such as SNES offers. Industry estimates place the global rodenticides market at north of $5.5 billion and growing at an estimated CAGR of nearly 6%, putting it on track to reach nearly $8.7 billion by 2031. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives payments totaling a maximum fee of up to $50,000 annually for these services provided to or regarding the issuer. Its active ingredient is cottonseed oil, which decreases sperm production and ovarian follicle growth in rodents.

Broadening product portfolio expected to expand SNES addressable market SNES's growth strategy includes broadening its product portfolio. The company has a growing portfolio of effective and sustainable products for both professionals and consumers to help manage rodent populations by restricting fertility through nonlethal birth control methods. Unlike the liquid ContraPest product, Evolve is a solid that has longer shelf life, is easier to distribute and deploy, and is cost-effective. Evolve is roughly the size and shape of a miniature sausage and is the first soft bait developed to control pest populations through fertility control.

E-commerce Growth: Amazon Direct Management With a broadening product portfolio that is expected to appeal to the consumer, as well as the professional market segments, the company is focusing more efforts on the direct-to-consumer (DTC) and e-commerce channels. As a result, the company has refocused its efforts on online sales, including the SenesTech e-commerce portal and Amazon, as well as through big box retailers. Your account is locked and it will be unlocked automatically in minutes.