NetworkNewsBreaks – Save Foods Inc. (NASDAQ: SVF
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Posted On: 04/06/2022 3:25:47 PM
NetworkNewsBreaks – Save Foods Inc. (NASDAQ: SVFD) (FSE: 80W) Releases Letter to Stockholders
Save Foods (NASDAQ: SVFD) (FSE: 80W), an agri-food tech company specializing in eco crop protection that helps reduce food waste and ensure food safety, published a letter to its stockholders from CEO David Palach. “We achieved multiple significant milestones in 2021, successfully transitioning Save Foods from a research and development focused organization to a commercial enterprise, fueled by the transformational May 2021 listing of our common stock on the Nasdaq Capital Market through an initial public offering that raised gross proceeds of $12 million. Even though we were an R&D focused company for much of 2021, and despite ongoing travel impacts related to COVID-19, I am pleased to report our team delivered 89% revenue growth over 2020,” Palach states in the letter. “With the capital in place to begin executing our vision in earnest, we embarked on an ambitious agenda in the second half of the year to accelerate our penetration into key markets and fortify our foundation for long-term growth. As part of that foundation, we completed the build-out of Save Foods Ltd.’s new headquarters and R&D center in Neve Yarak, Israel, providing ample room for our growing team to perform as we scale our operations in the fiscal quarters ahead. This facility completements our growing global network of agents in Mexico, Turkey, Egypt, South Africa, and Peru.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Save Foods (NASDAQ: SVFD) (FSE: 80W), an agri-food tech company specializing in eco crop protection that helps reduce food waste and ensure food safety, published a letter to its stockholders from CEO David Palach. “We achieved multiple significant milestones in 2021, successfully transitioning Save Foods from a research and development focused organization to a commercial enterprise, fueled by the transformational May 2021 listing of our common stock on the Nasdaq Capital Market through an initial public offering that raised gross proceeds of $12 million. Even though we were an R&D focused company for much of 2021, and despite ongoing travel impacts related to COVID-19, I am pleased to report our team delivered 89% revenue growth over 2020,” Palach states in the letter. “With the capital in place to begin executing our vision in earnest, we embarked on an ambitious agenda in the second half of the year to accelerate our penetration into key markets and fortify our foundation for long-term growth. As part of that foundation, we completed the build-out of Save Foods Ltd.’s new headquarters and R&D center in Neve Yarak, Israel, providing ample room for our growing team to perform as we scale our operations in the fiscal quarters ahead. This facility completements our growing global network of agents in Mexico, Turkey, Egypt, South Africa, and Peru.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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