- Steakholder Foods press release (NASDAQ:STKH): 1H loss per ADS in H1 2024 was $1.10 per ADS, compared to $4.00 per ADS in H1 2023.
- Cash and equivalents as of June 30, 2024, were $5.4 million, compared to $4.2 million as of year-end 2023.
- Outlook: Looking ahead to the back half of this year, the Company’s focus remains on securing additional commercial deals, expanding its market reach, and launching more product applications. The strategic deals and technological advancements already achieved lay a solid foundation for the Company’s future growth and commercialization efforts.
- As Steakholder Foods progresses through the early stages of commercial operations and product rollout, it anticipates modest initial revenue generation, which may commence in late fiscal year 2024 or early fiscal year 2025. Looking further ahead, the Company projects accelerated revenue growth in fiscal year 2025, as its commercial activities expand and its strategic agreements take full effect. The anticipated revenue growth will come from two main sources: printers and service, plant-based premixes for crafting edible products.
