From GlobeNewswire: 2025-03-31 07:40:00

Steakholder Foods Ltd. provided an annual business update for 2024, marking its first year of revenue generation with initial sales to Bondor Foods Ltd. and Wyler Farm for plant-based seafood and meat products. The Company also continued partnerships with ITRI and Sherry Herring Sandwiches. In 2025, Steakholder opened a Demonstration Center to showcase its 3D printing technology. Financially, the Company reported $10 thousand in revenue, with decreased R&D, marketing, and administrative expenses, contributing to a reduced loss from operations. Cash flow from operating activities also decreased, with $1.3 million in cash and equivalents at year-end 2024. Total assets decreased to $7.8 million, and non-current assets increased to $6.0 million.

Steakholder Foods is a pioneer in alternative protein industries, specializing in 3D-printing technology for meat and seafood products. The Company’s 2024 financial results showed improved operational efficiency with decreased expenses and losses from operations. Additionally, Steakholder expanded its partnerships and opened a Demonstration Center to showcase its technology. Cash flow from operating activities decreased, offset by financing activities, resulting in $1.3 million in cash and equivalents at year-end 2024. Total assets decreased to $7.8 million, with non-current assets increasing to $6.0 million. Total capital decreased to $4.0 million at year-end 2024.



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