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SaverOne Reports First Half 2025 Results
Globenewswire· 2025-08-29 12:30
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]
SaverOne Signs Preliminary Agreement with Leading European ADAS Technology Provider for Sensor Fusion Collaboration
Globenewswire· 2025-06-16 12:56
Core Viewpoint - SaverOne has signed a preliminary agreement with a leading European automotive-technology provider to integrate its Vulnerable Road User (VRU) detection solution into an Advanced Driver Assistance Systems (ADAS) platform, enhancing road safety through improved detection capabilities [1][2][3] Group 1: Collaboration and Technology Integration - The collaboration marks a significant milestone for SaverOne's VRU solution, focusing on sensor fusion to improve detection of VRUs like pedestrians in Non-Line-of-Sight (NLoS) scenarios [2] - The integrated system will utilize SaverOne's Radio Frequency (RF) detection technology to create a detailed environmental model, enhancing situational awareness for safer vehicle decisions [2][3] - The new sensor fusion concept aims to provide non-line-of-sight detection of vulnerable road users, a feature currently unavailable in the market [3] Group 2: Company Overview and Market Focus - SaverOne is developing a VRU solution that enhances ADAS performance, particularly in adverse weather and low visibility conditions, by identifying VRUs through their cellphone signals [4] - The company targets commercial and private vehicle fleets, including public transportation, and aims to reduce costs associated with road accidents, which in the US alone amount to approximately $870 billion annually [5][6] - SaverOne's strategy includes providing technology for both aftermarket installations and direct integration with OEM vehicle manufacturers [7][8]