SaverOne 2014 Ltd. ADR (SVRE) has released an update.
SaverOne 2014 Ltd. ADR, a developer of transportation safety systems, reported a significant revenue increase of 128% for the full year 2023, reaching NIS 2.7 million. The company has expanded its market presence through strategic partnerships, including an OEM agreement with Volvo Bus Corporation in Mexico, and has seen a growing installation base with 4,600 systems ordered. Despite the revenue growth, the company experienced a net loss of NIS 33.8 million, attributed to increased expenses from expanding business activities.
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