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Moolec Science (MLEC) investor relations material
Moolec Science Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved major milestones in scientific development, business operations, and regulatory approvals, including the first-ever USDA-APHIS approval for Piggy Sooy/Piggy Soy and the launch of Glazo/GLASO™ with a major global CPG offtake agreement.
Established fully operational molecular biology labs in Texas/US, enabling in-house R&D and cost savings.
Demonstrated commercial and operational progress with large-scale campaigns and field trials for Glazo/GLASO™ and Piggy Sooy/Piggy Soy in multiple US states.
Advanced R&D collaboration with Bunge to improve safflower varieties and expand market applications.
Maintained prudent cash burn and strengthened liquidity through successful capital raises.
Financial highlights
Revenue and other income rose from $1M in 2023 to $5.8M–$6M in 2024, a 522% year-over-year increase, driven by the soy protein ingredient business.
Cost of sales increased from $1M to $4.5M, and SG&A plus R&D expenses rose to $9.3M, mainly due to non-cash items and business consolidation.
Loss from operations widened to $7.52M from $4.81M year-over-year.
Cash used in operations increased to $9.3M, with $4M allocated to lower accounts payable.
Year-end cash position was $5.4M, supported by capital raises and a strategic purchase of 15,000 tons of HP4 Soybean via convertible note.
Outlook and guidance
2025 expected to be pivotal, with Glazo/GLASO™ commercialization and new revenue streams from signed offtake agreements.
Glazo/GLASO™ projected to contribute 15% of total revenue in 2025, with potential to double in 2026.
Focus on scaling seed inventory, operational efficiency, and regulatory progress, including FDA approvals for Piggy Sooy/Piggy Soy.
Plans to expand R&D pipeline, strengthen US operations, and pursue new product development partnerships.
Continued focus on cost efficiency and structured growth to support upcoming product launches.
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