Steakholder Foods Reports 2024 Financial Results and Provides Business Update
Steakholder Foods (STKH) reported its 2024 financial results, marking its first year of revenue generation with $10,000 in initial sales. The company secured commercial agreements with Bondor Foods for fish premix blends and Wyler Farm for beef premix products.
Financial highlights include:
- Net loss decreased to $8.5M from $15.5M in 2023
- R&D expenses reduced to $3.5M from $7.1M
- Marketing expenses decreased to $1.4M from $2.7M
- G&A expenses dropped to $3.6M from $4.4M
- Cash and equivalents at year-end were $1.3M vs $4.2M in 2023
The company opened its first full-scale Demonstration Center showcasing 3D printing technologies and secured $1.25M through a securities purchase agreement in February 2025, along with an $8M equity line of credit through June 2026.
Steakholder Foods (STKH) ha riportato i risultati finanziari per il 2024, segnando il suo primo anno di generazione di entrate con $10.000 in vendite iniziali. L'azienda ha ottenuto accordi commerciali con Bondor Foods per miscele di premix di pesce e Wyler Farm per prodotti di premix di manzo.
I punti salienti finanziari includono:
- La perdita netta è diminuita a $8,5 milioni rispetto ai $15,5 milioni del 2023
- Le spese per R&S sono state ridotte a $3,5 milioni dai $7,1 milioni
- Le spese di marketing sono diminuite a $1,4 milioni dai $2,7 milioni
- Le spese generali e amministrative sono scese a $3,6 milioni dai $4,4 milioni
- La liquidità e gli equivalenti a fine anno erano di $1,3 milioni rispetto ai $4,2 milioni del 2023
L'azienda ha aperto il suo primo Centro Dimostrativo a grande scala che mostra le tecnologie di stampa 3D e ha ottenuto $1,25 milioni attraverso un accordo di acquisto di titoli a febbraio 2025, insieme a una linea di credito azionaria di $8 milioni fino a giugno 2026.
Steakholder Foods (STKH) informó sus resultados financieros de 2024, marcando su primer año de generación de ingresos con $10,000 en ventas iniciales. La empresa aseguró acuerdos comerciales con Bondor Foods para mezclas de premix de pescado y Wyler Farm para productos de premix de carne de res.
Los aspectos financieros destacados incluyen:
- La pérdida neta se redujo a $8.5 millones desde $15.5 millones en 2023
- Los gastos de I+D se redujeron a $3.5 millones desde $7.1 millones
- Los gastos de marketing disminuyeron a $1.4 millones desde $2.7 millones
- Los gastos generales y administrativos cayeron a $3.6 millones desde $4.4 millones
- El efectivo y equivalentes al final del año fueron de $1.3 millones frente a $4.2 millones en 2023
La empresa abrió su primer Centro de Demostración a gran escala que exhibe tecnologías de impresión 3D y aseguró $1.25 millones a través de un acuerdo de compra de valores en febrero de 2025, junto con una línea de crédito de capital de $8 millones hasta junio de 2026.
Steakholder Foods (STKH)는 2024년 재무 결과를 발표하며, 초기 판매로 $10,000의 수익을 올린 첫 해가 되었음을 알렸습니다. 이 회사는 Bondor Foods와 어류 프리믹스 혼합물, Wyler Farm과 소고기 프리믹스 제품에 대한 상업 계약을 체결했습니다.
재무 하이라이트는 다음과 같습니다:
- 순손실이 2023년 $15.5M에서 $8.5M으로 감소했습니다
- R&D 비용이 $7.1M에서 $3.5M으로 줄어들었습니다
- 마케팅 비용이 $2.7M에서 $1.4M으로 감소했습니다
- 일반 관리 비용이 $4.4M에서 $3.6M으로 떨어졌습니다
- 연말 현금 및 현금성 자산은 2023년 $4.2M에 비해 $1.3M이었습니다
회사는 3D 프린팅 기술을 전시하는 첫 번째 대규모 시연 센터를 열었으며, 2025년 2월에 증권 구매 계약을 통해 $1.25M을 확보하고, 2026년 6월까지 $8M의 자본 신용 라인을 확보했습니다.
Steakholder Foods (STKH) a publié ses résultats financiers pour 2024, marquant sa première année de génération de revenus avec 10 000 $ de ventes initiales. L'entreprise a conclu des accords commerciaux avec Bondor Foods pour des mélanges de pré-mélanges de poisson et Wyler Farm pour des produits de pré-mélanges de bœuf.
Les points forts financiers incluent :
- La perte nette a diminué à 8,5 millions $ contre 15,5 millions $ en 2023
- Les dépenses de R&D ont été réduites à 3,5 millions $ contre 7,1 millions $
- Les dépenses de marketing ont diminué à 1,4 million $ contre 2,7 millions $
- Les dépenses générales et administratives ont chuté à 3,6 millions $ contre 4,4 millions $
- Les liquidités et équivalents à la fin de l'année s'élevaient à 1,3 million $ contre 4,2 millions $ en 2023
L'entreprise a ouvert son premier Centre de démonstration à grande échelle présentant des technologies d'impression 3D et a sécurisé 1,25 million $ par le biais d'un accord d'achat de titres en février 2025, ainsi qu'une ligne de crédit en actions de 8 millions $ jusqu'en juin 2026.
Steakholder Foods (STKH) hat seine finanziellen Ergebnisse für 2024 veröffentlicht und damit das erste Jahr mit Einnahmen in Höhe von 10.000 $ aus den Anfangsverkäufen markiert. Das Unternehmen sicherte sich kommerzielle Vereinbarungen mit Bondor Foods für Fisch-Premix-Mischungen und Wyler Farm für Rindfleisch-Premix-Produkte.
Finanzielle Höhepunkte umfassen:
- Der Nettoverlust verringerte sich von 15,5 Millionen $ im Jahr 2023 auf 8,5 Millionen $
- F&E-Ausgaben wurden von 7,1 Millionen $ auf 3,5 Millionen $ reduziert
- Marketingausgaben sanken von 2,7 Millionen $ auf 1,4 Millionen $
- Allgemeine und Verwaltungskosten fielen von 4,4 Millionen $ auf 3,6 Millionen $
- Die liquiden Mittel und Äquivalente zum Jahresende betrugen 1,3 Millionen $ im Vergleich zu 4,2 Millionen $ im Jahr 2023
Das Unternehmen eröffnete sein erstes vollwertiges Demonstrationszentrum, das 3D-Drucktechnologien präsentiert, und sicherte sich im Februar 2025 1,25 Millionen $ durch eine Wertpapierkaufvereinbarung sowie eine 8 Millionen $ Eigenkapitallinie bis Juni 2026.
- First revenue generation achieved with commercial sales agreements
- Operating loss reduced by 45% to $8.5M
- R&D expenses decreased by 51% to $3.5M
- Secured $1.25M investment and $8M equity line of credit
- Expanded product portfolio with new partnerships in fish and beef alternatives
- Minimal initial revenue of only $10,000
- Gross loss of $22,000 on first sales
- Cash position declined 69% to $1.3M
- Total assets decreased 28% to $7.8M
- Total capital reduced 32% to $4.0M
Insights
Steakholder Foods has reached a significant milestone by initiating revenue generation in 2024, albeit with a modest
The financial picture shows substantial operational improvements with R&D expenses dropping to
However, liquidity concerns persist as cash reserves declined to
The commercial agreements with Bondor Foods and Wyler Farm establish critical revenue channels, but the
Steakholder's strategic pivot in 2024 signals meaningful progress in alternative protein commercialization. The company has successfully transitioned from purely experimental operations to market-ready products with its SH™ - Fish and SH™ - Beef premix blends, culminating in actual purchase orders.
The new Demonstration Center represents a crucial infrastructure investment that bridges technological innovation with market readiness. By enabling potential clients to experience the entire production process—from material preparation through final product tasting—Steakholder has created a powerful sales tool that addresses the skepticism often facing food technology innovators.
The company's partnerships demonstrate a dual-track approach to market penetration: working with established food companies like Bondor Foods for immediate distribution while maintaining longer-term development relationships with ITRI for regional adaptation and Sherry Herring for premium applications.
Most significantly, the planned production of 3D-printed beef steaks with Wyler Farm represents the next evolution in alternative protein—moving beyond ground products to structured whole cuts. This progression follows the expected development path in alternative proteins, where technological complexity increases from simple applications to more sophisticated products with higher margins.
While revenue remains minimal, the commercial validation through multiple purchase orders indicates market acceptance of Steakholder's technology platform across both seafood and beef alternatives, positioning the company at a critical inflection point between technological promise and commercial viability.
Rehovot, Israel, March 31, 2025 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in 3D-printed meat and fish technology and cultivated cell innovation, is pleased to provide an annual business update for the year ended December 31, 2024 and subsequent events. Demonstrating significant strides in both technological advancements and market presence, Steakholder Foods continues to solidify its position as a leader in the future of alternative meat and fish production.
2024 and Up to Date Business Highlights
2024 was the year that Steakholder Foods initiated revenue generation, following the signing of a commercial sales agreement with Bondor Foods Ltd., a sister company of Premazon. Following the successful completion of a product development phase with Premazon announced earlier in 2024, the Company received an initial purchase order from Bondor Foods for its proprietary SH™ – Fish premix blends. While the initial revenue was minimal in 2024, this achievement was seen as a crucial validation of Steakholder’s commercialization strategy, setting the stage for potentially significant future sales. The agreement with Bondor Foods involves integrating Steakholder’s premix into Bondor’s new line of plant-based white fish and salmon patties, which are ready to reach the market, leveraging Bondor’s existing extensive distribution network.
Building on this commercial momentum, Steakholder announced another purchase order, this time from Wyler Farm for its SH™ - Beef premix blends. This order is for the development of a new line of plant-based meatballs, burgers, and minced beef for release in 2025. The varied purchase orders underscore the Compny’s versatility in meeting diverse needs across the alternative protein sector, from seafood to meat substitutes. Following the product launch, Steakholder Foods intends to work with Wyler Farm to produce an additional product line using its proprietary 3D printing technology and premix blends, including manufacturing printed beef steaks.
In 2024, Steaholder also continued to make progress with its partnerships with the Industrial Technology Research Institute (ITRI), a Taiwan-based world-leading applied technology research institute, and Sherry Herring Sandwiches Ltd, a highly-recognized gourmet fish delicacies brand. The collaboration with ITRI continues to drive Steakholder’s expansion in Taiwan, focused on developing products tailored to local tastes.
To support Steakholder’s commercialization efforts, it opened its first full-scale Demonstration Center, a state-of-the-art facility that showcases the Company’s groundbreaking 3D printing technologies in action. This center features live demonstrations of the MX200 and HD144 printers, allowing potential clients and partners to experience firsthand the entire production process of Steakholder’s plant-based meat and seafood alternatives. Built to food production facility standards, the center enables visitors to observe every step from material preparation through production and packaging, culminating in tasting sessions that highlight the quality and versatility of the Company’s offerings.
On the fundraising front, in February 2025, the Company entered into a securities purchase agreement with an investor, whereby the investor purchased 1,097,358 ADSs (or pre-funded warrants in lieu thereof) at a final offering price of
2024 Financial Results Summary:
Steakholder Foods generated initial revenues of
Research and development expenses decreased to
Marketing expenses decreased to
General and administrative expenses decreased to
The loss from continuing operations decreased to
Net loss per share from continuing operations decreased to
Cash flow - Net cash used in operating activities decreased to
Net cash provided by financing activities decreased by approximately
Cash and equivalents at year-end 2024 was
Non-current assets stood at
Total assets stood at
Total capital stood at
About Steakholder Foods
Steakholder Foods is at the forefront of transforming the alternative protein industries through its advanced technology. Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These innovative tools are designed to help manufacturers of all sizes efficiently produce foods that meet and exceed consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production.
Steakholder Foods’ expertise in creating alternative proteins products that replicate the complex textures of traditional meats such as beef steaks, white fish, shrimp, and eel. The company is also exploring the integration of cultivated cells, preparing for future advancements in food technology.
Forward-Looking Statements
This press release contains forward-looking statements concerning Steakholder Foods’ business, operations and financial performance and condition as well as plans, objectives, and expectations for Steakholder Foods’ business operations and financial performance and condition. Any statements that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements reflect Steakholder Foods’ current views with respect to future events and are based on assumptions and subject to known and unknown risks and uncertainties, which change over time, and other factors that may cause Steakholder Foods’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan” or words or phases of similar meaning and include, without limitation, Steakholder Foods’ expectations regarding the success of the technologies which it is developing, which may require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods’ research and development activities associated with printing technologies, including three-dimensional food printing, which involves a lengthy and complex process; Steakholder Foods’ ability to obtain and enforce its intellectual property rights and to operate its business without infringing, misappropriating, or otherwise violating the intellectual property rights and proprietary technology of third parties; and other risks and uncertainties, including those identified in Steakholder Foods’ Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission on March 31, 2025. New risks and uncertainties may emerge from time to time, and it is not possible for Steakholder Foods to predict their occurrence or how they will affect Steakholder Foods. If one or more of the factors affecting Steakholder Foods’ forward-looking information and statements proves incorrect, then Steakholder Foods’ actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, Steakholder Foods cautions you not to place undue reliance on its forward-looking information and statements. Steakholder Foods disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
Press Contact:
Steakholder Foods Ltd.
Investor Contacts:
Steakholder Foods Ltd.
Investors@steakholderfoods.com
FAQ
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