Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 3

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 3
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 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).

We
have devoted substantially all of our financial resources to develop our SaverOne system and have begun the process to invest in our
sales and marketing activities as we start to transition to an early commercialization stage company. We have financed our operations
primarily through the issuance of equity securities. The amount of our future net losses will depend, in part, on completing the development
of our products, the rate of our future expenditures and our ability to obtain funding through the issuance of our securities, strategic
collaborations or grants. 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.

We
anticipate that our expenses will increase substantially if and as we:

  continue the development  

  establish a sales, marketing,                                                     

  seek to identify, assess,                                                                            

  seek to maintain, protect,                       

  seek to attract and retain  

  create additional infrastructure                                                                                         

We
have not generated any significant revenue from the sale of our current products and may never be profitable.

While
we have commenced commercialization efforts of our Generation 1.0 and 2.0 systems, we have not generated any significant revenue since
our inception. Our ability to generate revenue and achieve profitability depends on our ability to successfully complete the development
of, and to commercialize, our products. Our ability to generate future revenue from product sales depends heavily on our success in many
areas, including but not limited to:

  completing development                    

  establishing and maintaining                                                                                                            

  launching and commercializing                                                 

  addressing any competing                

  identifying, assessing,                    

  negotiating                                                                                     
  favorable terms in any collaboration, licensing or other arrangements into which we may enter;  
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