Core Insights - Steakholder Foods Ltd. is a leader in 3D-printed meat and fish technology, showcasing significant advancements in technology and market presence [1] - The company initiated revenue generation in 2024 through a commercial sales agreement with Bondor Foods Ltd., marking a crucial step in its commercialization strategy [2] - The company has received multiple purchase orders for its proprietary premix blends, indicating its versatility in the alternative protein sector [3] Business Highlights - In 2024, Steakholder Foods generated initial revenues of $10 thousand, with a gross loss of $22 thousand [7] - The company decreased its research and development expenses to $3.5 million in 2024 from approximately $7.1 million in 2023, primarily due to reduced payroll and share-based compensation [7] - Marketing expenses also decreased to $1.4 million in 2024 from approximately $2.7 million in 2023, reflecting cost-cutting measures [8] Financial Performance - The loss from continuing operations decreased to $8.5 million in 2024 from approximately $15.5 million in 2023, driven by reduced research and development expenses [10] - Net cash used in operating activities decreased to $8.5 million in 2024 from approximately $12.7 million in 2023 [11] - Cash and equivalents at year-end 2024 was $1.3 million, down from $4.2 million at year-end 2023 [12] Strategic Developments - The company opened its first full-scale Demonstration Center to showcase its 3D printing technologies, allowing potential clients to experience the production process [5] - Partnerships with organizations like the Industrial Technology Research Institute (ITRI) and Sherry Herring Sandwiches Ltd. are driving expansion and product development tailored to local markets [4] Fundraising Activities - In February 2025, the company entered into a securities purchase agreement, raising $1.25 million through the sale of 1,097,358 ADSs at $1.1391 per ADS [6] - An At-the-Money Offering Agreement was established, allowing the company to access up to $8 million in equity over the duration of the agreement [6]