Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001070
Chunk: 19

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 19
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 market price of our securities could decline and you could lose some or all of your investment.

Risks Related to Our Financial Condition

We have a limited operating history on which to assess the prospects for our business, have incurred significant losses since the date of our inception, and anticipate that we will continue to incur significant losses until we are able to successfully commercialize our products.

The Company is currently in the early commercialization stage and has not yet generated sufficient revenues from the sale of SaverOne systems. We have experienced net losses in every period since the inception of SaverOne. We have incurred losses in each year since our inception, including net losses of NIS 34.9 million (approximately $9.4 million) NIS 33.8 million (approximately $9.3 million) and NIS 25 million (approximately $7.1 million) for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, we had an accumulated deficit of NIS 170.5 million (approximately $46.1 million).

Until we can generate significant recurring revenues, we expect to satisfy our future cash needs through debt or equity financing. While we plan to finance its operations through sale of equity and through increasing our revenues from product sales; however, there can be no assurance that we will succeed in obtaining the necessary financing or generating sufficient revenues from product sales to meet our current obligations and to achieve its business targets.

Those conditions raise substantial
doubt about the Company’s ability to continue its business operations in accordance with the Company’s plans. The unaudited
financial statements for the year ended December 31, 2024, do not include any adjustments that might result from the outcome of this uncertainty.
If we are unable to obtain sufficient funds, we may be required to delay, reduce the scope of, or eliminate research or development plans
for, or commercialization efforts with respect to our products.

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Our independent auditors have expressed their concern as to our ability to continue as a going concern.

Our audited consolidated financial
statements for the year ended December 31, 2024, contain an explanatory paragraph regarding substantial doubt about our ability to continue
as a going concern. The financial statements for 2024 do not include any adjustments that might result from the outcome of this uncertainty.
The Company’s existing operational cash flow may not be sufficient to fund presently anticipated operations, and the Company