SaverOne Reports Full Year 2023 Results with 128% Year-over-Year Revenue Growth
SaverOne 2014 Ltd. - American Depositary Shares (SVRE)
Company Research
Source: GlobeNewswire
PETAH TIKVAH, Israel, March 25, 2024 (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 2023, and shared recent business updates. Recent Highlights SaverOne is successfully executing on its land-and-expand strategy by broadening initial penetrations locally to full fleets, as well as new pilots and international contract wins;Signed a first OEM agreement with Volvo Bus Corporation in Mexico;4,600 systems have been ordered by customers as of March 12, 2024 (of which approximately 3,200 have been installed) Financial Highlights ~2.3X (128%) year-over-year growth in 2023 revenue to NIS 2.7 million (~$0.75 million);Gross profit in 2023 of NIS 0.752 million (~$0.207 million), an increase of 107% versus NIS 0.364 million in 2022Net loss of NIS 33.8 million (~$9.3 million) in 2023 versus NIS 25
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News
- CEO Spotlight: SaverOne CEO Explains Why Deals Made In 2024 Steepen Company's Growth Trajectory [Yahoo! Finance]Yahoo! Finance
- SaverOne Signs Milestone OEM Agreement with IVECO [Yahoo! Finance]Yahoo! Finance
- SaverOne Signs Milestone OEM Agreement with IVECOGlobeNewswire
- SaverOne Engages with Top-tier Global Consultancy Firm to Develop Strategic Plan for its Vulnerable Road User (VRU) Solution.GlobeNewswire
- SaverOne and Volvo Sign New OEM Agreement to Install the SaverOne Safety Solution in Volvo Buses in MexicoGlobeNewswire
SVRE
Sec Filings
- 3/29/24 - Form EFFECT
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SVRE's page on the SEC website