Sobr Safe Inc is a company focused on enhancing public safety through innovative technology solutions, particularly in the area of alcohol detection and management. The firm develops advanced systems designed to promote responsible drinking and help prevent alcohol-related incidents in various settings, including workplaces and events. By integrating state-of-the-art sensors and software, Sobr Safe aims to create environments that prioritize safety and compliance while enabling organizations to monitor and manage alcohol consumption effectively. Their commitment to community well-being and operational efficiency positions them as a key player in the safety technology sector. Read More
SOBRsafe (NASDAQ: SOBR), a leader in next-generation alcohol detection technology, reported strong results for the first quarter ended March 31, 2025, with revenue increasing 80.5% year-over-year to $86.6K and gross margin improving to 58.8%. Net loss narrowed to $1.9 million from $2.5 million a year ago, driven by increased software subscriptions and SOBRsure(TM) device sales. Software subscription revenue, now 53.8% of total revenue, more than doubled. The company deployed 148 SOBRsure(TM) devices, a 41% increase from year-end, and strengthened its leadership with key board and advisory additions. SOBRsafe ended the quarter with $10.1 million in cash following $3.3 million in warrant exercises tied to its October 2024 PIPE financing.
After the conclusion of the US market's regular session on Thursday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
DENVER, CO / ACCESS Newswire / May 22, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, is reporting financial and operating results for the first quarter ended March 31, 2025.
SOBRsafe (NASDAQ: SOBR) has appointed Kris Pederson, a veteran corporate director with leadership roles at EY, IBM (NYSE: IBM), and PwC, to its Board of Directors effective May 1, 2025, where she will also chair the Nominating and Corporate Governance Committee. The Company also named Dr. Benjamin Sanchez as a Scientific Advisor in February to support federal funding and clinical research partnerships. The additions bring deep expertise in governance, digital innovation, and biomedical engineering as SOBRsafe continues scaling its alcohol detection technology platform.
SOBRsafe (NASDAQ: SOBR), the leader in next-generation alcohol monitoring and detection technology, issued a corporate update highlighting key achievements in 2024 and outlining strategic initiatives for 2025. The Company reported a 35% increase in revenue to $212.7 thousand for 2024, with a 20% reduction in operating expenses and a 16% improvement in net loss. Notable initiatives include multi-channel marketing campaigns, expansion into 43 U.S. states and international markets, and new deployments of the SOBRsure wearable device. SOBRsafe also appointed a new vice president of sales, introduced product enhancements, and began alcohol detection programs for airport personnel abroad. Operationally, the Company completed product validation studies and AI-supported testing, while financially maintaining $8.4 million in cash and no long-term debt. A 1-for-10 reverse stock split was completed in April 2025 to streamline share structure.
SOBRsafe is Positioned for a Strong 2025 as the Company Continues to Make Progress on Third Party Validation; Driving Sales Growth Through Enhanced Marketing Efforts; Ramping Personnel Support; and Remains Well Capitalized with No Debt
Wondering how the US markets performed in the middle of the day on Tuesday? Discover the movers and shakers of today's session in our comprehensive analysis.
SOBRsafe (NASDAQ: SOBR) has released key findings from a survey of 1,001 American women aged 40 to 65 who consume alcohol, revealing how midlife challenges drive increased alcohol use. The study, released during Alcohol Awareness Month and following a U.S. Surgeon General warning about alcohol’s link to cancer, found that many women drink to manage anxiety, parenting stress, and loneliness. Nearly half expressed concern over their drinking habits, but barriers like shame, social pressure, and cost prevent many from seeking help. SOBRsafe aims to promote awareness and support with tools like its SOBRsure band to help women pursue healthier lifestyles.
SOBRsafe (NASDAQ: SOBR) provider of next-generation transdermal alcohol detection solutions, will implement a 1-for-10 reverse stock split effective at 12:01 a.m. ET on April 4, 2025, following board approval and prior shareholder authorization. Post-split trading will begin the same day under the existing ticker with a new CUSIP number. The split will reduce outstanding shares from roughly 15.2 million to approximately 1.5 million, with all shareholders maintaining their proportional ownership. Fractional shares will be rounded up, and all related securities such as warrants and equity awards will be proportionally adjusted. Equiniti Trust Company, LLC will manage the exchange process.
DENVER, CO / ACCESS Newswire / April 2, 2025 / SOBR Safe, Inc. (NASDAQ:SOBR) ("SOBRsafe"), provider of next-generation transdermal alcohol detection solutions, today announced that it will proceed with a 1-for-10 reverse stock split ("Reverse Stock Split") of its outstanding shares of common stock (the "Common Stock") following approval by its board of directors. This ratio is within the range approved by stockholders at the annual meeting of SOBRsafe's shareholders held on December 9, 2024.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
