Significant Cost Reduction
Operating expenses decreased to approximately $2.9 million in Q3 2025 from $6.6 million in the same period of 2024. This new expense level is expected to be maintained going forward.
Income from Asset Sales
The sale of Lavie Bio's assets and the MicroBoost AI for Ag tech-engine to ICL generated income of approximately $7.9 million in Q3 2025.
Operating Loss Reduction
Total operating loss for the first 9 months of 2025 was approximately $8.8 million, compared to $15.3 million in the same period of 2024, mainly due to decreased operating expenses.
Net Income Improvement
The net income for Q3 2025 was approximately $5.2 million, compared to a net loss of $8.2 million in the same period last year.
Successful Strategic Collaborations
Evogene's subsidiary AgPlenus has strategic collaborations with Bayer and Corteva, focusing on developing new herbicides with novel modes of action.
Advancement in AI Technology
ChemPass AI is being enhanced through collaborations, such as the one with Google Cloud, and aims to improve drug and ag-chemical development through advanced multiparameter optimization.