Sobr Safe Inc. Reports Q1 2025 Results: Revenue Up 80.5%, Net Loss Improves to $1.9M, EPS Adjusted to $(0.66)

Reuters
05-23
Sobr Safe Inc. Reports Q1 2025 Results: Revenue Up 80.5%, Net Loss Improves to $1.9M, EPS Adjusted to $(0.66)

SOBR Safe Inc. has reported its financial and operating results for the first quarter ended March 31, 2025. The company experienced a significant 80.5% increase in total revenue, reaching $86.6 thousand compared to $48.0 thousand in the same period of 2024. The net loss improved to $1.9 million from $2.5 million in the first quarter of 2024. The company's gross margin rose to 58.8%, up from 48.4% in the previous year. Operating expenses increased to $2.0 million from $1.7 million due to higher general and administrative costs related to a growing employee headcount, partly offset by reduced third-party professional service fees. SOBR Safe Inc. deployed 148 SOBRsureTM devices in the first quarter, marking a 41.0% increase compared to December 31, 2024. The company also enhanced its patent-pending software technology with updates to its mobile application, which included improved administrative tools, upgraded notification protocols, and a redesigned user interface. Additionally, the company added Dr. Benjamin Sanchez as a Scientific Advisor to explore non-dilutive federal funding, licensing opportunities, and clinical research partnerships. Cash and cash equivalents stood at $10.1 million at the end of the first quarter, up from $8.4 million at the end of 2024, bolstered by approximately $3.3 million in net proceeds from the exercise of outstanding warrants.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sobr Safe Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1030937) on May 22, 2025, and is solely responsible for the information contained therein.

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