An update from SaverOne 2014 Ltd. ADR ( (SVRE) ) is now available.
SaverOne 2014 Ltd. reported its full-year 2024 financial results, highlighting significant international expansion efforts and strategic partnerships. The company saw a notable increase in revenue from non-home markets and improved gross margins, despite a challenging year in its home market of Israel. Key developments included new distribution agreements in Europe and the US, a commercial agreement with FedEx contractor MDM Express, and a planned spinoff for its Vulnerable Road User (VRU) sensor solution. The VRU sensor is projected to have a substantial market potential, and SaverOne is actively engaging with OEMs and suppliers to further its development. The company also expanded its intellectual property portfolio with new patents and secured agreements with major companies like Teva Pharmaceuticals and a leading multinational in the construction sector, indicating strong growth prospects.
More about SaverOne 2014 Ltd. ADR
SaverOne 2014 Ltd. is a company specializing in the development and deployment of transportation safety and advanced driver-assistance systems (ADAS) technologies. The company focuses on enhancing road safety through innovative solutions, with a market presence that extends globally, including Europe and the United States.
YTD Price Performance: -65.49%
Average Trading Volume: 45,406
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.58M
For an in-depth examination of SVRE stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com