Revenues for the six months ended June 30, 2025, were $0.387 million, compared to $0 in the same period of 2024. Operating loss was $6.57 million, up from $5.38 million in the first half of 2024. The increase was mainly due to higher cost of revenues related to the Enel project, a write-down of work-in-progress inventory to net realizable value, and increased operating costs not attributed to projects, partially offset by lower general and administrative expenses. Net loss was $7.45 million, compared to $1.58 million in the prior-year period. As of June 30, 2025, cash, cash equivalents, and restricted deposits totaled $2.16 million, compared to $4.13 million as of December 31, 2024. After June 30, 2025, the company raised $5.2 million through equity offerings to one of its largest institutional shareholders. Net cash used in operating activities for the six months ended June 30, 2025, was $5.27 million, driven primarily by a net loss of $7.45 million. Net cash provided by financing activities was $3.35 million. Projected revenues for 2026 are $1.7 million based on execution milestones for the Tempo project. A systems purchase agreement has been signed for the Tempo and Wolfson projects, including milestone-based payments, profit sharing, and service revenues. The company has 103 MWh in cumulative projects deployed and a project pipeline valued at $500 million. A private placement agreement has been signed for up to $25 million in equity financing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brenmiller Energy Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1079688) on September 30, 2025, and is solely responsible for the information contained therein.
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