Revenue remains highly volatile with a 2025Q2 gross margin of -1.3%, reflecting the difficulty of offsetting hardware-heavy costs with current sales volume.
| Sales/Revenue | 1.25M | 1.68M | 2.72M | 1.19M | 450K | 316K | 85K |
| Revenue Growth % | - | -38.13% | 128% | 165.11% | 42.41% | 271.76% | - |
| Cost of Goods Sold | 1.19M | 1.07M | 1.97M | 829K | 288K | 258K | 64K |
| COGS % of Revenue | - | 63.52% | 72.35% | 69.49% | 64% | 81.65% | 75.29% |
| Gross Profit | 53.45K | 614K | 752K | 364K | 162K | 58K | 21K |
| Gross Margin % | 4.29% | 36.48% | 27.65% | 30.51% | 36% | 18.35% | 24.71% |
| Gross Profit Growth % | - | -18.35% | 106.59% | 124.69% | 179.31% | 176.19% | - |
| Operating Expenses | 23.52M | 33.87M | 34.98M | 29.57M | 26.43M | 17.41M | 8.17M |
| OpEx % of Revenue | - | 2012.24% | 1285.85% | 2478.88% | 5872.67% | 5510.76% | 9616.47% |
| Selling, General & Admin | 9.85M | 14.47M | 12.41M | 8.08M | 2.49M | 3.45M | 578K |
| SG&A % of Revenue | - | 859.71% | 456.36% | 677.54% | 553.33% | 1093.04% | 680% |
| Research & Development | 13.67M | 19.4M | 22.86M | 21.49M | 18.85M | 10.59M | 6.99M |
| R&D % of Revenue | - | 1152.53% | 840.48% | 1801.34% | 4188.22% | 3352.22% | 8223.53% |
| Other Operating Expenses | 0 | 0 | -299K | 0 | 5.09M | 3.37M | 606K |
| Operating Income | -23.46M | -33.25M | -34.22M | -29.21M | -26.27M | -17.36M | -8.15M |
| Operating Margin % | -1881.51% | -1975.76% | -1258.2% | -2448.37% | -5836.67% | -5492.41% | -9591.76% |
| Operating Income Growth % | - | 2.84% | -17.17% | -11.21% | -51.33% | -112.88% | - |
| EBITDA | -23.14M | -32.83M | -33.7M | -28.7M | -25.81M | -17.15M | -8.13M |
| EBITDA Margin % | -1855.43% | -1950.92% | -1238.97% | -2405.87% | -5734.67% | -5428.16% | -9564.71% |
| EBITDA Growth % | - | 2.57% | -17.41% | -11.22% | -50.45% | -110.98% | - |
| D&A (Non-Cash Add-back) | 325.18K | 418K | 523K | 507K | 459K | 203K | 23K |
| EBIT | -20.73M | -33.52M | -33.22M | -24.92M | -26.43M | -13.51M | -9.45M |
| Net Interest Income | 74.45K | -2.11M | -947K | -767K | -89K | 3.79M | -29K |
| Interest Income | 2.73M | 404K | 272K | 85K | 3K | 3.91M | 16K |
| Interest Expense | 2.66M | 1.42M | 614K | 852K | 61K | 61K | 45K |
| Other Income/Expense | 74.45K | -1.69M | 388K | 4.25M | -225K | 3.79M | -1.29M |
| Pretax Income | -23.39M | -34.94M | -33.84M | -24.96M | -26.49M | -13.57M | -9.45M |
| Pretax Margin % | -1875.54% | -2075.94% | -1243.93% | -2092.37% | -5886.67% | -4293.04% | -11115.29% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -23.39M | -34.94M | -33.84M | -24.96M | -26.42M | -13.62M | -9.45M |
| Net Margin % | -1875.54% | -2075.94% | -1243.93% | -2092.37% | -5870.22% | -4310.44% | -11115.29% |
| Net Income Growth % | - | -3.26% | -35.55% | 5.5% | -93.94% | -44.17% | - |
| Net Income (Continuing) | -23.39M | -34.94M | -33.84M | -24.96M | -26.49M | -13.57M | -9.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS Growth % | - | - | - | - | - | - | - |
| EPS (Basic) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 1.22B | 0 | 0 | 0 | 0 | 0 | 0 |
| Basic Shares Outstanding | 1.22B | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Unsustainable cash burn rate
As reported in recent financial filings, SaverOne's revenue trajectory remains highly erratic, with the company struggling to maintain consistent growth as evidenced by the significant -94.6% revenue contraction observed in 2024Q2, suggesting that the current pilot-to-commercial conversion model is failing to generate reliable, long-term top-line momentum.
The extreme quarterly revenue fluctuations indicate a business model that is currently dependent on lumpy, project-based installations rather than a recurring subscription base. Investors should monitor whether the company can move beyond these isolated pilot programs, as the current lack of scale suggests that the core value proposition has yet to achieve market-wide adoption.
Based on the company's income statement data, gross margins have fluctuated significantly, reaching a low of -18.8% in 2024Q2, which highlights the inherent difficulty in maintaining profitability when hardware-heavy COGS are not offset by sufficient high-margin cloud service revenue or economies of scale.
The inability to consistently maintain positive gross margins suggests that the company's pricing power is currently limited by high component and installation costs. Without a shift toward a more software-centric revenue mix, the company appears vulnerable to any inflationary pressure on its hardware supply chain.
According to historical income statements, the company's operating expenses, particularly R&D and SG&A, remain disproportionately high relative to its $447.1K quarterly revenue, creating a structural imbalance that necessitates constant capital infusion to sustain ongoing operations and maintain the current engineering team in Petah Tikva.
The persistent gap between operating expenses and revenue indicates that the company is currently operating in a pre-commercialization phase that is heavily reliant on external funding. Management's expense discipline warrants further investigation, as the current burn rate appears disconnected from the reality of the company's limited market penetration.
As noted in recent market analysis, the primary risk to the income statement is the potential for technological displacement, where software-based solutions from smartphone manufacturers could render SaverOne's hardware-dependent RF shielding redundant, thereby permanently impairing the company's ability to achieve the scale required for future profitability.
Short-sellers would likely focus on the company's inability to demonstrate a clear path to positive operating income, viewing the current hardware-heavy model as a liability rather than a moat. The reliance on regulatory mandates to drive adoption remains a speculative thesis that may not materialize in time to prevent further capital erosion.
Quick answers to the most common questions about buying SVREW stock.
For fiscal year 2024, SaverOne 2014 Ltd (SVREW) reported total revenue of $1.7M. This represents a 1880.0% increase compared to $0.1M in 2019.
SaverOne 2014 Ltd (SVREW) reported a net loss of $34.9M for the fiscal year ending 2024.
SaverOne 2014 Ltd (SVREW) reported an operating income of $-33.3M, resulting in an operating profit margin of -1975.8%. This margin reflects the operational efficiency of the business before interest and taxes.
SaverOne 2014 Ltd (SVREW) generated $0.6M in gross profit for the year, representing a gross profit margin of 36.5%. This demonstrates the company's core pricing power and production efficiency.