Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 75

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 75
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,               
                                       2024                                   2023               
 ─────────────────────────────────────────────────────────────────────────────────────────────────
                                       NIS                                                       
  Revenues                                                 1,683                          2,720  
  Cost of revenues                                        (1,069                         (1,968  
  Gross                                                      614                            752  
  Operating expenses:                                                                            
  Research and development                               (19,397                        (22,861  
  Selling and marketing expenses,                         (4,796                         (3,787  
  General                                                 (9,673                         (8,327  
  Loss                                                   (33,252                        (34,223  
  Finance income                                           1,099                          1,607  
  Finance                                                 (2,785                         (1,219  
  Finance income (expense),                               (1,686                            388  
  Net                                                    (34,938                        (33,835  

For
a comparison of the year ended December 31, 2024, to the year ended December 31, 2023, all U. S. dollar amounts below were calculated
using the exchange rate reported by the Bank of Israel for December 31, 2024, at the rate of one U. S. dollar per NIS 3.647.

Revenues

Revenues
decreased by NIS 1,037 thousand (~ $284 thousand), or 38%, to NIS 1,683 thousand (~ $461 thousand) for the year ended December 31, 2024,
compared to NIS 2,720 thousand (~ $746 thousand) for the year ended December 31, 2023. This decrease was mainly due to the longer decision-making
processes by current and prospective customers in the home market of Israel.

Cost of
revenues

Cost
of sales decreased by NIS 899 thousand (~ $247 thousand), or 46%, to NIS 1,069 thousand (~ $293 thousand) for the year ended December
31, 2024, compared to NIS 1,968 thousand (~ $540 thousand) for the year ended December 31, 2023. This decrease was mainly the result
of a decrease in the number of installations made in 2024.

Research
and development expenses, net

Research
and development expenses, net decreased by NIS 3,464 thousand (~ $950 thousand), or 15%, to NIS 19,397 thousand (~ $5,319 thousand