Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 12

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 12
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operations, it could result in a material disruption of our products development programs. For example, the loss of data from our projects
could result in delays in our regulatory approval efforts and significantly increase our costs to recover or reproduce the data. We may
not be able to remedy any problems caused by hackers or other similar actors in a timely manner, or at all. Because techniques used to
obtain unauthorized access or to sabotage systems change frequently and generally are not recognized until after they are launched against
a target, we and our service providers may be unable to anticipate these techniques or to implement adequate preventative measures. To
the extent that any disruption or security breach was to result in a loss of or damage to our project data, or inappropriate disclosure
of confidential, personal or proprietary information, we could incur material legal claims and liability, including under data privacy
laws such as the Protection of Privacy Law, 5741 - 19811, damage to our reputation, and the finalization of our products under development
could be delayed.

Risks Related to Our
Financial Condition and Capital Requirements

Our management
has concluded, and the report of our independent registered public accounting firm contains an explanatory paragraph that indicates that
there are conditions that raise substantial doubt about our ability to continue as a going concern, which could prevent us from obtaining
new financing on reasonable terms or at all.

We
have not yet generated significant revenues from our operations, we had an accumulated deficit as of December 31, 2024 of $102,200 thousand
and we also have a history of net losses and negative operating cash flows. In 2022, we began commercializing our products and services
and recently commenced operating a new production facility in Dimona, Israel after shifting our operations from the development stage
to commercial operations. However, we expect to continue incurring losses and negative cash flows from operations until we reach profitability.
As a result of these expected losses and negative cash flows from operations, along with our current cash position, our management has
concluded that these conditions raise substantial doubt about our ability to continue as a going concern. Our consolidated financial statements
do not include any adjustments that might result from the outcome of the uncertainty regarding our ability to continue as a going concern.
This going concern opinion could materially limit our ability to commercialize our products and services and raise additional funds through
the issuance of equity or debt securities or otherwise. Further reports on our consolidated financial statements may include an explanatory
paragraph with respect to our ability to continue as a