Curated News
By: NewsRamp Editorial Staff
August 14, 2024
SOBRsafe Reports NASDAQ Listing Exception, Financial Progress, and Sales Growth
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- SOBRsafe (NASDAQ: SOBR) has reported 44% increase in revenue, showing potential for financial growth and market success.
- SOBRsafe uses transdermal technology to detect alcohol, providing real-time reports without breath, blood, or urine samples.
- SOBRsafe's technology is reinventing the continuum of care by improving billing processes, creating digital records, and preventing alcohol misuse.
- SOBRsafe's next-generation alcohol-detection technology is effective, non-invasive, and creating a culture of prevention and support.
Impact - Why it Matters
This news matters because it highlights the financial and sales progress of SOBRsafe, a company providing innovative alcohol-detection solutions. The technology being developed has the potential to significantly impact the behavioral health, judicial, and consumer markets by offering a non-invasive, real-time detection solution for alcohol misuse, addressing a critical need in the healthcare industry.
Summary
SOBRsafe (NASDAQ: SOBR), a provider of next-generation, transdermal alcohol-detection solutions, is reporting on its NASDAQ listing, financial positioning and sales progress. The NASDAQ Hearings Panel granted the company an exception period to regain compliance with the market’s minimum bid price per share requirement and to demonstrate long-term compliance with the required minimum of $2.5 million in stockholders’ equity. The company also reported 17 new customer accounts, increasing its 2024 new customer total to 33 along with a 44% increase in revenue. SOBRsafe offers an advanced transdermal technology that detects and reports the presence of alcohol emitted through a user’s skin in real time, without the need for breath, blood, or urine samples. The technology is available for point-of-care screening and continuous monitoring. The company is creating a culture of prevention and support.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, SOBRsafe Reports NASDAQ Listing Exception, Financial Progress, and Sales Growth
