SaverOne Reports Full Year 2024 Results

Core Insights - SaverOne 2014 Ltd. faced challenges in 2024 due to long sales cycles in Israel but achieved significant international success, particularly in Europe and the United States, marking 2024 as an inflection point for global expansion [4][6] - The company is developing a VRU sensor solution with a projected annual market potential of $1.5 billion by 2035, indicating strong long-term growth prospects [4][6][10] Financial Highlights for 2024 - Revenues decreased to NIS 1.68 million (~$461 thousand) from NIS 2.72 million ($747 thousand) in 2023, primarily due to reduced sales in Israel amid ongoing regional conflict [10][11] - Gross profit improved to NIS 614 thousand (~$169 thousand) with a gross margin of 36.5%, up from 27.6% in the previous year [11][12] - Net loss increased slightly to NIS 34.9 million ($9.6 million) compared to NIS 33.8 million (~$9.3 million) in 2023 [13][14] Recent Developments - As of March 20, 2025, SaverOne has received orders for 5,400 systems, with approximately 4,000 already installed [6] - The company signed new distribution agreements in Germany, the UK, and Spain/Portugal, expanding its international presence [6][8] - Notable partnerships include a commercial agreement with FedEx Trucking Contractor MDM Express and installations in Teva Pharmaceutical's truck fleet [7][8] Market Potential and Strategy - The VRU sensor technology is expected to address the critical issue of detecting vulnerable road users, with significant interest from OEMs and tier-one suppliers [4][6] - SaverOne's strategy includes expanding its global footprint through partnerships and pilot projects, particularly in Europe and the US [6][8][10] - The company plans to spin off a dedicated entity for further development of its VRU sensor solution, indicating a focused approach to capitalize on market opportunities [6][10]