SaverOne 2014 Ltd. presented its full year 2024 results on March 21, 2025, reporting revenues of NIS 1.683 million (approximately $461 thousand), a decrease from NIS 2.720 million (approximately $747 thousand) in 2023. This decline was primarily attributed to a decrease in new sales in Israel, impacted by the war in the region throughout 2024.
Despite the revenue decrease, the company's gross profit was NIS 614 thousand (approximately $169 thousand) in 2024, representing a gross margin of 36.5%, an increase from 27.6% in 2023. Operating loss for 2024 was NIS 33.3 million (approximately $9.1 million), compared to NIS 34.2 million (approximately $9.4 million) in 2023, while net loss was NIS 34.9 million (approximately $9.6 million), compared to NIS 33.8 million (approximately $9.3 million) in 2023.
Cash and cash equivalents and short-term bank deposits amounted to NIS 13.3 million (approximately $3.7 million) as of December 31, 2024, down from NIS 17.1 million (approximately $4.7 million) at the end of 2023. Management noted strong international success in Europe and the United States, signing new regional distributors and customers, which partially offset domestic challenges and marked progress in establishing SaverOne as a global business.
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