The following is a summary of the Evogene Ltd. (EVGN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Evogene reported Q3 2024 revenues of approximately $1.8 million, a decrease from Q3 2023's $3.8 million, primarily due to a decrease in licensing revenue from Lavie Bio.

• The company recorded an operating loss of approximately $17.6 million in the first nine months of 2024, slightly improved from $18.9 million in the same period of 2023.

• Financing expenses for the first nine months of 2024 were approximately $0.38 million, a shift from a financing income of $2.3 million in the first nine months of 2023.

• Projected cash usage for 2024 is approximately $8 million to $10 million, a decrease from $12.5 million in 2023, following a reduction in workforce by 16% and other expense management strategies.

Business Progress:

• Evogene highlighted significant progress in seed production infrastructure notably in Kenya and Brazil for its subsidiary Casterra, which will support existing and future seed demands.

• Lavie Bio announced the expansion of its bio-inoculant product, Yalos, to winter wheat and soybeans, and advancement of its bio-fungicide LAV321.

• The company announced a collaboration with Google Cloud to develop a generative AI model for novel small molecule design, leveraging Evogene's AI tech engines.

Opportunities:

• Continued revenue growth anticipated for 2024, driven by existing seed orders from Casterra and new product launches from Lavie Bio.

• Expansion into bioinformatics through collaboration with Google Cloud, positioning its AI tech engines at the forefront of novel molecule design.

Risks:

• Fluctuations in operating expenses and increased financial expenses related to warrants issued during fundraising could impact financial stability.

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