Financial Data and Key Metrics Changes - The company reported revenues of $40 million for year '24, a decrease from the record $44 million in year '23, reflecting a return to normalized purchasing after post-COVID restocking [15] - For year '25, the company projects revenues of $44 million and net income of $2.5 million, indicating a 10% year-over-year increase [16][23] - The backlog increased by 35% to $27 million at the end of year '24, driven by exposure to the booming defense sector [16] Business Line Data and Key Metrics Changes - The supply chain division has doubled its engineering team and tripled the number of manufacturers represented, enhancing market position and growth trajectory [7] - The RFID division is expanding its salesforce to capture the rebound in the Israeli civil market and will add off-the-shelf packing machines for logistics centers [18] - The robotic division is preparing for its first installation of a robotic production line in Europe in the first half of year '25 [19] Market Data and Key Metrics Changes - The Israeli defense budget rose by 73% year-over-year, while Europe's defense budget increased by 16% year-over-year, positively impacting key clients [17] - The company has achieved $4 million in overseas sales in year '24 from its supply chain division, indicating successful international expansion [19] Company Strategy and Development Direction - The growth strategy focuses on strengthening relationships with defense clients and expanding internationally [17] - The company aims to deepen its offerings to defense clients, including the recent addition of cable in line [18] - The company is leveraging its Israeli defense client base to align with their global subcontractors for international growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for year '25, citing a growing backlog and favorable trends in the defense sector [16][23] - The company is in excellent financial shape with $21 million in equity and zero bank debt, providing flexibility for strategic growth [23][24] - Management highlighted the significant discount at which the company is trading compared to broader market benchmarks, indicating a compelling investment opportunity [20][21] Other Important Information - The company has partnered with a US-based investor relations firm to enhance its presence in the US capital market, resulting in increased trading volume from 4,000 shares to 58,000 shares [21][22] - The company recorded an impairment charge of $1.2 million related to goodwill, impacting net income for year '24 [32] Q&A Session Summary Question: Guidance on the new robotics line in Europe and its impact from the war in Ukraine - Management clarified that they do not have direct sales in Europe but align with major Israeli clients who export and require local production [28][29] Question: Clarification on tax loss carry forward - Management confirmed approximately $30 million in carry forward tax losses, which could provide up to $6 million in future tax savings, with only $1 million recognized as an asset [31] Question: Impact of new head of procurement on defense contracts - Management expressed confidence that the new hire will help capitalize on opportunities in the defense market and indicated updates will be provided if significant developments occur [35]

Core Insights - TrueCommerce has significantly expanded its TrueCommerce xChange channel program since its launch in January 2023, now boasting over 340 partners globally and a 67% increase in its global channel team in 2024 [1][2] Group 1: Program Development - The TrueCommerce xChange program is focused on enhancing partner relationships through increased educational programs and collaboration on partner-led events [2][4] - In 2025, TrueCommerce xChange plans to ramp up engagement with partners, emphasizing joint sales initiatives and deeper connections with Global System Integrators (GSIs) and Independent Software Vendors (ISVs) [2][3] Group 2: Partner Benefits - The TrueCommerce xChange program offers partners access to a comprehensive range of cloud-based supply chain solutions, including EDI, integrated eCommerce platforms, and marketplace solutions [5] - Key features of the program include "Zero Touch Orders" for operational efficiency, expertise-driven managed services, and tiered partner levels (Elite, TrueBlue, Reseller) that provide varying degrees of support and resources [5][6] Group 3: Strategic Focus - The company emphasizes the importance of collaborative partnerships as essential to effective supply chain solutions, aiming to drive business success for both partners and customers [4][5] - TrueCommerce's commitment to its partners is reflected in the tailored support provided by Channel Development Representatives (CDRs) aligned with specific Enterprise Resource Planning (ERP) systems [2][3]

As filed with the U.S. Securities and Exchange Commission on February 13, 2025. Registration No. 333-282916 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 THE GROWHUB LIMITED (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 7374 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Sta ...