- Steakholder Foods press release (STKH): 1H GAAP EPADS of -$1.10.
- Cash flow used in operating activities was $4.4 million in H1 2024, compared to $7.5 million 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.
- Total capital stood at $7.7 million as of June 30, 2024, compared to $5.8 million as of year-end 2023.
- Outlook:
- 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.
More on Steakholder Foods
Source link
