Summary by Moomoo AI
SaverOne 2014 Ltd., a technology company specializing in transportation and safety solutions, announced its unaudited financial results for the first half of 2024 on August 27, 2024. The company reported a decrease in net loss from NIS 17.8 million in the first half of 2023 to NIS 16.3 million in the same period of 2024, and a reduction in operating loss from NIS 17.6 million to NIS 15.7 million, attributed to efforts to reduce expenses. Revenue for the first half of 2024 was NIS 483 thousand, down from NIS 1.5 million in the previous year, with a corresponding decrease in cost of revenues. The company's R&D expenses decreased due to optimization efforts, while selling and marketing expenses increased due to global market expansion initiatives. General and administrative expenses remained stable. SaverOne...Show More