N2OFF, Inc. reported financial results for Q2 2024, with revenue decreasing 55% year-over-year to $16,546. The company's net loss widened to $800,142 compared to $714,935 in Q2 2023. Gross profit increased 12% to $10,764 due to cost reductions, despite lower sales.Research and development expenses decreased 31% to $11,690, while selling and marketing expenses fell 36% to $57,031, reflecting cost-cutting measures. General and administrative expenses rose 9% to $808,251, driven by increased professional services. The company ended the quarter with $4.47 million in cash and cash equivalents.N2OFF faced challenges due to the ongoing Israel-Hamas conflict, experiencing delays in pilots and packaging activities. The company warned of substantial doubt about its ability to continue as a going concern, projecting its existing capital resources will support operations only through Q1 2025. N2OFF is seeking additional financing to fund its operations and growth initiatives.

N2OFF, Inc. reported financial results for Q2 2024, with revenue decreasing 55% year-over-year to $16,546. The company's net loss widened to $800,142 compared to $714,935 in Q2 2023. Gross profit increased 12% to $10,764 due to cost reductions, despite lower sales.Research and development expenses decreased 31% to $11,690, while selling and marketing expenses fell 36% to $57,031, reflecting cost-cutting measures. General and administrative expenses rose 9% to $808,251, driven by increased professional services. The company ended the quarter with $4.47 million in cash and cash equivalents.N2OFF faced challenges due to the ongoing Israel-Hamas conflict, experiencing delays in pilots and packaging activities. The company warned of substantial doubt about its ability to continue as a going concern, projecting its existing capital resources will support operations only through Q1 2025. N2OFF is seeking additional financing to fund its operations and growth initiatives.