SVRE: Domestic operations struggled in the first half of 2024. The company's focus remains on controlling costs. [Yahoo! Finance]

SaverOne 2014 Ltd. - American Depositary Shares (SVRE)
Company Research
Source: Yahoo! Finance
The company's focus remains on controlling costs. SaverOne 2014 (NASDAQ:SVRE) reported results for the first half of 2024 last night with total revenues for the period of just $129k USD. While revenues are not the main focus for a company at this stage of development, we have been surprised by the slow pace of new orders. The domestic situation in Israel is having a greater impact on results than we anticipated and we have taken that into account in adjusting our model. Our new model lowers the revenue outlook for the next 12 months and cuts the projected R&D investments as the company aims to control costs. The company announced a small acquisition of a business line from Micronet (an Israel-based company). In December 2023, SaverOne announced plans to merge with Micronet but there had been no updates since that announcement. We believe the product line acquired (an in-vehicle camera line) could be a good fit with SaverOne's existing product offerings. Since our initiation in F
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SVRE
News
- SaverOne Granted New Patent in the United States Further Expanding its IP Portfolio [Yahoo! Finance]Yahoo! Finance
- SaverOne Granted New Patent in the United States Further Expanding its IP PortfolioGlobeNewswire
- SaverOne Implements Change in Ratio of Shares to ADSs to Meet Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- SaverOne Implements Change in Ratio of Shares to ADSs to Meet Nasdaq Minimum Bid Price RequirementGlobeNewswire
- SaverOne Announces First U.S. Commercial Agreement with FedEx Trucking Contractor MDM ExpressGlobeNewswire
SVRE
Sec Filings
- 2/24/25 - Form 6-K
- 2/21/25 - Form 6-K
- 2/20/25 - Form 6-K/A
- SVRE's page on the SEC website