Summary by Moomoo AI
SaverOne 2014 Ltd., a technology company specializing in transportation and safety solutions, reported financial results for the fiscal year ended December 31, 2023. The company, which is in the early commercialization stage, has not yet generated significant revenues and reported a net loss of NIS 33.8 million (approximately $9.3 million) for the year. As of December 31, 2023, SaverOne had an accumulated deficit of NIS 135.6 million (approximately $37.4 million). The company's cash and cash equivalents stood at NIS 17.1 million (approximately $4.7 million), with additional funding available through an equity line agreement with YA II PN, Ltd. Despite the net loss, SaverOne continues to invest in research and development, with expenses totaling NIS 22.9 million (approximately $6.3 million) for the year. The company's financial position was also impacted by the...Show More