STKH Earnings Prediction
The chart below shows how STKH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STKH sees a -5.83% change in stock price 10 days leading up to the earnings, and a -18.91% change 10 days following the report. On the earnings day itself, the stock moves by -0.78%. This data can give you a slight idea of what to expect for the next quarter's release.
STKH Key Earning Data
2024/Q4
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STKH Earnings Analysis
Steakholder Foods Ltd. American Depositary Shares Corporation (STKH.O) Earnings Conference Call
Positive
Operating Expense Reduction: In the first half of 2024, the company achieved a significant reduction in operating expenses by more than 50%, primarily due to the completion of major R&D work.
Recurring Revenue Milestone: The company successfully linked its first recurring revenue strategic agreement, marking a milestone in its business model shift.
R&D Cost Reduction: R&D costs decreased to $1.6 million compared to $3.6 million in the same period last year, representing a 54% year-over-year reduction.
Marketing Expense Reduction: Marketing expenses were reduced by 56% to $700,000 in the first half of 2024, compared to $1.6 million in the prior year period.
Net Loss Reduction: The net loss decreased by 54% to $4.4 million, or $1.10 per ordinary share, compared to $9.5 million, or $5 per ordinary share, in the first half of 2023.
Negative
R&D Cost Reduction: R&D costs decreased to $1.6 million compared to $3.6 million in the same period last year, representing a 54% year-over-year reduction.
Net Loss Reduction: Net loss decreased by 54% to $4.4 million or $1.10 per ordinary share compared to $9.5 million or $5 per ordinary share in the first half of 2023.
Marketing Expense Reduction: Marketing expenses were $700,000 in the first half of 2024, a reduction of 56% from $1.6 million in the prior year period.
Administrative Expense Reduction: General and administrative expenses decreased 9% from $2.2 million in the prior year period to $2 million in the first half of 2024.
Operating Activities Cash Decrease: Cash used in operating activities decreased to $4.4 million for the first half of 2024 from $7.5 million in the prior year period.
STKH FAQs
How does STKH typically perform around its earnings report dates?
Is Steakholder Foods Ltd. (STKH) Q2 2024 Earnings Call Summary positive or negative?
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STKH Earning Call Sentiment
Steakholder Foods Ltd. (STKH) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
STKH.O
1.97%Positive
The earnings call summary reflects a company in transition, with positive developments in cost reduction, strategic partnerships, and business model shift. However, the absence of immediate revenue generation, potential risks in market acceptance, and lack of shareholder return plans balance the positives. The lack of questions during the Q&A session suggests a neutral analyst sentiment. Given these factors, the stock price is likely to remain stable in the short term.
