SVRE

Revenues increase by 57% YoY as international expansion gains momentum PETAH TIKVAH, Israel, Aug. 29, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a company developing and deploying transportation safety and advanced driver-assistance systems (ADAS) technologies and solutions, today presented its results for the first half ended June 30, 2025 and shared recent business updates. Recent Highlights SaverOne’s execution of its international expansion strategy continues to gain momentum, with a number of wins in Europe bringing an ever-increasing number of international fleets; 5,430 systems have been ordered by customers as of today, of which approximately 4,160 have been installed; Signed new sales and marketing agreement in the United States and a distribution agreement in Canada, in addition to the existing agreements covering various countries in Europe and the United States; Signs preliminary agreement with leading European ADAS technology provider for sensor fusion collaboration; Financial Highlights for the First Half of 2025 Revenues increased 57% to NIS 756 thousand (~$224 thousand), compared with NIS 483 thousand (~$143 thousand) in the first half of 2024; Operating expenses were NIS 17.0 million (~$5.0 million) versus NIS 15.8 million (~$4.7 million) in the first half of 2024; Net loss was NIS 16.1 million (~$4.7 million) versus NIS 16.3 million in the first half of 2024 (~$4.8 million); Cash and cash equivalents as of June 30, 2025, increased to NIS 16.0 million (~$4.7 million). Management Comment Commented Mr. Ori Gilboa, CEO of SaverOne, “2025 to-date has been a solid period of growth for SaverOne, driven especially by international expansion. In particular, we are expanding our global footprint by winning new deals with the international subsidiaries of long-standing customers, in line with our global expansion strategy.” Continued Mr. Gilboa, “Our sensor solution to detect vulnerable road users (VRUs) such as pedestrians and cyclists, built upon our RF ADAS technology is also gaining further traction. We continue to engage in discussions with OEMs and tier-one suppliers, and in June we signed a preliminary agreement with a leading European-based automotive-technology ADAS provider, integrating our VRU detection solution within their ADAS sensor fusion platform, enhancing their sensor platform with non-line-of-sight VRU...

PETAH TIKVAH, Israel, March 21, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a company developing and deploying transportation safety and advanced driver-assistance systems (ADAS) technologies and solutions, today presented its results for the full year 2024, and shared recent business updates. Recent Highlights SaverOne continues to execute on its strategy of broadening its footprint globally with new pilots internationally as well as its local market; 5,400 systems have been ordered by customers as of March 20, 2025 (of which approximately 4,000 have been installed to-date) Signed new distribution agreements in Germany, UK, Spain/Portugal SaverOne’s US distribution partner brought its first US customer: FedEx Trucking Contractor MDM Express Vulnerable Road User (VRU) sensor potential: a leading consulting firm concluded an external market analysis of SaverOne’s VRU sensor leveraging its RF-ADAS technology as well as its potential interest to OEMs, projecting an annual $1.5 billion potential by 2035 SaverOne announced its intention to spinoff in the future a company dedicated to further development of its VRU sensor solution. Financial Highlights for 2024 Revenues of NIS 1.68 million (~$461 thousand) in 2024 of which 29% of revenues were generated from non-home market sources versus 7% last year. Gross profit of NIS 614 thousand (~$169 thousand), representing a gross margin of 36.5%, an improvement in the gross margin which was 27.6% last year Net loss of NIS 34.9 million (~$9.6 million) versus NIS 33.8 million (~$9.3 million) in 2023; December 31, 2024 cash and cash equivalents of NIS 13.3 million (~$3.7 million) compared with NIS 17.1 million (~$4.7 million) at year-end 2023. Management Comment Commented Mr. Ori Gilboa, CEO of SaverOne, “2024 was challenging for SaverOne due to long sales cycles in our home market of Israel. However, we saw strong success internationally in both Europe and the United States, signing new regional distributors and winning new customers. We continue to work hard to expand our global footprint by winning new deals with the international subsidiaries of long-standing customers in our local market. International expansion requires significant effort, and we see 2024 as an inflection point with strong progress in establishing SaverOne as a global business. We remain optimistic and expect a renewed grow...