Date: May 26, 2021 |
EVOGENE LTD.
(Registrant) By: /s/ Dorit Kreiner Dorit Kreiner Chief Financial Officer |
EXHIBIT NO.
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DESCRIPTION
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• |
Received additional positive pre-clinical results in its immuno-oncology program demonstrating efficacy of its live biotherapeutic product consortium BMC128 in combination with immune-checkpoint-inhibitors, this time in melanoma.
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• |
Entered into agreements for the production and distribution in Israel of Canonic’s medical cannabis products with Tikun Olam-Cannbit Pharmaceuticals to enable the planned launch of Canonic's first product in 2022.
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• |
Recently appointed Mr. Russ Putland as Vice President Commercial, bringing significant commercial experience to the Lavie Bio management team in preparation for its anticipated product launches starting 2022.
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Entered a collaboration agreement with a U.S. company, Plastomics, whereby Evogene’s insect control genes, demonstrating new modes of action, will be introduced into soybean, utilizing Plastomics’ disruptive new technology.
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Evogene Investor Contact:
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US Investor Relations:
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Aviva Banczewski / Rivka Neufeld
Investor Relations and Public Relations Manager
E: IR@evogene.com
T: +972-8-931-1900
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Joseph Green
Edison Group
E: jgreen@edisongroup.com
T: +1 646-653-7030
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Laine Yonker
Edison Group
E: lyonker@edisongroup.com
T: +1 646-653-7035
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As of
March 31,
|
As of
December 31,
|
|||||||
2021
|
2020
|
|||||||
Unaudited
|
Audited
|
|||||||
CURRENT ASSETS:
|
||||||||
Cash and cash equivalents
|
$
|
38,642
|
$
|
46,229
|
||||
Marketable securities
|
19,948
|
-
|
||||||
Short-term bank deposits
|
11,500
|
2,000
|
||||||
Trade receivables
|
219
|
222
|
||||||
Other receivables and prepaid expenses
|
2,584
|
3,372
|
||||||
72,893
|
51,823
|
|||||||
LONG-TERM ASSETS:
|
||||||||
Long-term deposits
|
10
|
9
|
||||||
Right-of-use-assets
|
1,882
|
1,872
|
||||||
Property, plant and equipment, net
|
2,084
|
2,072
|
||||||
Intangible assets, net
|
15,909
|
16,139
|
||||||
19,885
|
20,092
|
|||||||
$
|
92,778
|
$
|
71,915
|
|||||
CURRENT LIABILITIES:
|
||||||||
Trade payables
|
$
|
993
|
$
|
863
|
||||
Employees and payroll accruals
|
2,397
|
2,535
|
||||||
Operating lease liability
|
758
|
777
|
||||||
Liabilities in respect of government grants
|
144
|
72
|
||||||
Pre-funded warrants
|
-
|
4,144
|
||||||
Deferred revenues and other advances
|
26
|
47
|
||||||
Other payables
|
1,024
|
1,238
|
||||||
5,342
|
9,676
|
|||||||
LONG-TERM LIABILITIES:
|
||||||||
Operating lease liability
|
1,592
|
1,663
|
||||||
Liabilities in respect of government grants
|
3,740
|
3,694
|
||||||
5,332
|
5,357
|
|||||||
SHAREHOLDERS' EQUITY:
|
||||||||
Ordinary shares of NIS 0.02 par value:
Authorized − 150,000,000 ordinary shares; Issued and outstanding – 40,414,229 shares as of March 31, 2021 and 35,600,088 shares as of December 31, 2020
|
230
|
200
|
||||||
Share premium and other capital reserve
|
257,184
|
225,121
|
||||||
Accumulated deficit
|
(185,878
|
)
|
(179,276
|
)
|
||||
Equity attributable to equity holders of the Company
|
71,536
|
46,045
|
||||||
Non-controlling interests
|
10,568
|
10,837
|
||||||
Total equity
|
82,104
|
56,882
|
||||||
$
|
92,778
|
$
|
71,915
|
Three months ended
March 31,
|
Year ended
December 31,
|
|||||||||||
2021
|
2020
|
2020
|
||||||||||
Unaudited
|
Audited
|
|||||||||||
Revenues
|
$
|
333
|
$
|
75
|
$
|
1,040
|
||||||
Cost of revenues
|
271
|
39
|
574
|
|||||||||
Gross profit
|
62
|
36
|
466
|
|||||||||
Operating expenses:
|
||||||||||||
Research and development, net
|
4,297
|
4,587
|
17,287
|
|||||||||
Business development
|
570
|
970
|
2,672
|
|||||||||
General and administrative
|
1,454
|
1,337
|
5,321
|
|||||||||
Total operating expenses
|
6,321
|
6,894
|
25,280
|
|||||||||
Operating loss
|
(6,259
|
)
|
(6,858
|
)
|
(24,814
|
)
|
||||||
Financing income
|
52
|
137
|
1,591
|
|||||||||
Financing expenses
|
(905
|
)
|
(487
|
)
|
(2,951
|
)
|
||||||
Financing expenses, net
|
(853
|
)
|
(350
|
)
|
(1,360
|
)
|
||||||
Loss before taxes on income
|
(7,112
|
)
|
(7,208
|
)
|
(26,174
|
)
|
||||||
Taxes on income
|
8
|
6
|
32
|
|||||||||
Loss
|
$
|
(7,120
|
)
|
$
|
(7,214
|
)
|
$
|
(26,206
|
)
|
|||
Attributable to:
|
||||||||||||
Equity holders of the Company
|
(6,602
|
)
|
(6,228
|
)
|
(23,374
|
)
|
||||||
Non-controlling interests
|
(518
|
)
|
(986
|
)
|
(2,832
|
)
|
||||||
$
|
(7,120
|
)
|
$
|
(7,214
|
)
|
$
|
(26,206
|
)
|
||||
Basic and diluted loss per share
|
$
|
(0.17
|
)
|
$
|
(0.24
|
)
|
$
|
(0.83
|
)
|
|||
Weighted average number of shares used in computing basic and diluted loss per share
|
38,959,623
|
25,754,297
|
28,158,779
|
Three months ended
March 31,
|
Year ended
December 31,
|
|||||||||||
2021
|
2020
|
2020
|
||||||||||
Unaudited
|
Audited
|
|||||||||||
Cash flows from financing activities:
|
||||||||||||
Proceeds from issuance of ordinary shares, net of issuance expenses
|
27,108
|
-
|
18,658
|
|||||||||
Proceeds from issuance of pre-funded warrants
|
-
|
-
|
1,989
|
|||||||||
Proceeds from advances for pre-funded warrants
|
-
|
-
|
9
|
|||||||||
Proceeds from exercise of options
|
445
|
-
|
59
|
|||||||||
Repayment of lease liability
|
(167
|
)
|
(177
|
)
|
(639
|
)
|
||||||
Proceeds from government grants
|
123
|
175
|
320
|
|||||||||
Repayment of government grants
|
(20
|
)
|
-
|
(22
|
)
|
|||||||
Net cash provided by (used in) financing activities
|
27,489
|
(2
|
)
|
20,374
|
||||||||
Exchange rate differences - cash and cash equivalent balances
|
(624
|
)
|
(512
|
)
|
1,206
|
|||||||
Increase (decrease) in cash and cash equivalents
|
(7,587
|
)
|
(2,737
|
)
|
11,481
|
|||||||
Cash and cash equivalents, at the beginning of the period
|
46,229
|
34,748
|
34,748
|
|||||||||
Cash and cash equivalents, at the end of the period
|
$
|
38,642
|
$
|
32,011
|
$
|
46,229
|
||||||
Significant non-cash activities
|
||||||||||||
Acquisition of property, plant and equipment
|
$
|
64
|
$
|
17
|
$
|
57
|
||||||
Increase (decrease) of right-of-use asset recognized with corresponding lease liability
|
$
|
162
|
$
|
-
|
$
|
(41
|
)
|
|||||
Exercise of options
|
$
|
-
|
$
|
-
|
$
|
57
|
||||||
Ordinary shares issuance expenses
|
$
|
50
|
$
|
-
|
$
|
-
|