Financial Performance - Cyabra's revenue increased from $1.9 million in 2023 to $4.2 million in 2024, representing a 116% year-over-year growth [1][6] - Gross margins improved from 69% in 2023 to 81% in 2024, indicating enhanced operational efficiency [1][6] - The total loss for 2024 was approximately $15.6 million, up 138% from $6.6 million in 2023, primarily due to increased operating and finance expenses [6][10] Expense Breakdown - Cost of revenues for 2024 was approximately $782 thousand, a 30% increase from $603 thousand in 2023 [6] - Research and development expenses rose to approximately $4.7 million, a 30% increase compared to $3.6 million in 2023 [6] - General and administrative expenses surged by 395% to approximately $4.6 million, largely due to higher professional services costs related to the business combination with Trailblazer [6][10] Business Development - Cyabra's growth was driven by increased demand from both public and private sector clients, with about 50% of 2024 revenues coming from new customers [2][6] - The company has entered into a business combination agreement with Trailblazer Merger Corporation I, a special-purpose acquisition company [3][6] Market Position - Cyabra is positioned as a leading AI platform for real-time disinformation detection, catering to the needs of enterprises and governments [2][5] - The platform utilizes proprietary algorithms and NLP solutions to analyze online disinformation, thereby protecting clients against various online threats [5]