SaverOne Reports First Half 2025 Results

Core Insights - SaverOne 2014 Ltd. reported a 57% year-over-year increase in revenues, reaching NIS 756 thousand ($224 thousand) for the first half of 2025, compared to NIS 483 thousand ($143 thousand) in the same period of 2024, driven by international expansion efforts [6][8][11] - The company is actively pursuing international growth, securing new deals with existing customers' international subsidiaries and expanding its presence in Europe and North America [4][6][13] - The management expressed optimism about the company's growth trajectory, highlighting the successful integration of their Vulnerable Road User (VRU) detection technology with a leading European automotive technology provider [4][6] Financial Highlights - Revenues increased by 57% to NIS 756 thousand ($224 thousand) in the first half of 2025 from NIS 483 thousand ($143 thousand) in the first half of 2024 [8][11] - Gross profit for the first half of 2025 was NIS 224 thousand ($66 thousand), with a gross margin of 30%, compared to a gross profit of NIS 85 thousand ($25 thousand) and a gross margin of 18% in the first half of 2024 [9][24] - Operating loss for the first half of 2025 was NIS 16.8 million ($5.0 million), slightly higher than the NIS 15.7 million ($4.6 million) loss in the first half of 2024 [11][24] - Net loss for the first half of 2025 was NIS 16.1 million ($4.7 million), compared to a net loss of NIS 16.3 million ($4.8 million) in the first half of 2024 [11][24] - Cash and cash equivalents increased to NIS 16.0 million ($4.7 million) as of June 30, 2025, up from NIS 13.3 million ($4.0 million) at the end of 2024 [12][24] Recent Developments - The company has signed new sales and marketing agreements in the United States and a distribution agreement in Canada, enhancing its North American strategy [6][13] - SaverOne has broadened its relationship with Cemex across several European countries, demonstrating the effectiveness of its international expansion strategy [7] - The company signed a preliminary agreement with a leading European ADAS technology provider to integrate its VRU detection solution into their sensor fusion platform [4][13]