SOBR Safe, Inc. (SOBR) News

SOBRsafe Announces Closing of $2 Million Private Placement Priced At-The-Market Under Nasdaq Rules

Mon, 29 Dec 2025 21:00:00 -0500

DENVER, CO / ACCESS Newswire / December 29, 2025 / SOBR Safe, Inc. (NASDAQ:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, today announced the closing of its previously announced private placement priced at-the-market under Nasdaq rules for the issuance and sale of 1,290,324 shares of its common stock (or pre-funded warrants in lieu thereof), Series C warrants to purchase up to an aggregate of 1,290,324 shares of common stock and Series D warrants to purchase up to an aggregate of 1,290,324 shares of common stock, at a purchase price of $1.55 per share (or pre-funded warrant in lieu thereof) and associated warrants. The warrants have an exercise price of $1.30 per share and are exercisable immediately upon issuance. The Series C warrants will expire five years after the effective date of the Resale Registration Statement (as defined below) and the Series D warrants will expire twenty-four months after the effective date of the Resale Registration Statement.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. Aegis Capital Corp. received a cash tail fee.

The aggregate gross proceeds to the Company from the offering were approximately $2.0 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The securities described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act") and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants sold in the offering, have not been registered under the Act or applicable state securities laws. Accordingly, such securities may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement, the Company has agreed to file one or more registration statements with the SEC covering the resale of the unregistered securities to be issued in the offering (the "Resale Registration Statement").

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SOBRsafe™
Through next-generation alcohol detection technology, we enable trust and empower recovery ... with a human touch. SOBRsafe's advanced transdermal (touch-based) technology detects and reports in real-time the presence of alcohol as emitted through a user's skin - no breath, blood, or urine samples are required. With a powerful backend data platform, SOBRsafe provides passive, dignified screening and monitoring solutions for the behavioral health, family law and consumer markets, and for licensing and integration. To learn more, visit www.sobrsafe.com.

Safe Harbor Statement
Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including statements regarding the intended use of net proceeds from the offering, and the Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this news release. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:
Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Announces $2 Million Private Placement Priced At-The-Market Under Nasdaq Rules

Wed, 24 Dec 2025 15:30:00 -0500

DENVER, COLORADO / ACCESS Newswire / December 24, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, today announced that it has entered into definitive agreements for the issuance and sale of 1,290,324 shares of its common stock (or pre-funded warrants in lieu thereof), Series C warrants to purchase up to an aggregate of 1,290,324 shares of common stock and Series D warrants to purchase up to an aggregate of 1,290,324 shares of common stock, at a purchase price of $1.55 per share (or pre-funded warrant in lieu thereof) and associated warrants in a private placement priced at-the-market under Nasdaq rules. The warrants will have an exercise price of $1.30 per share and will be exercisable immediately upon issuance. The Series C warrants will expire five years after the effective date of the Resale Registration Statement (as defined below) and the Series D warrants will expire twenty-four months after the effective date of the Resale Registration Statement.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The aggregate gross proceeds to the Company from the offering are expected to be approximately $2.0 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about December 29, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

About SOBRsafe™

Through next-generation alcohol detection technology, we enable trust and empower recovery ... with a human touch. SOBRsafe's advanced transdermal (touch-based) technology detects and reports in real-time the presence of alcohol as emitted through a user's skin - no breath, blood, or urine samples are required. With a powerful backend data platform, SOBRsafe provides passive, dignified screening and monitoring solutions for the behavioral health, family law and consumer markets, and for licensing and integration. To learn more, visit www.sobrsafe.com.

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including statements regarding the completion of the offering, the satisfaction of customary closing conditions related to the offering and the intended use of net proceeds from the offering, and the Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this news release. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:

IR@sobrsafe.com

Investor Relations Contact:

Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: #SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Reports Third Quarter 2025 Results

Wed, 12 Nov 2025 16:55:00 -0500

DENVER, COLORADO / ACCESS Newswire / November 12, 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 third quarter ended September 30, 2025.

Third Quarter 2025 Operational and Financial Highlights

Revenue increased 136.1 % year-over-year.
Sold 277 SOBRsure^TM GEN 2 devices, up 55.6% from the second quarter of 2025.
SOBRsure^TM GEN 2 related hardware and software revenues contributed 80.7% of total revenue during the quarter and 78.0% year to date.
Annual recurring revenue from software subscription sales at quarter-end is $152.2 thousand increasing by $57.4 thousand during the quarter, or 60.5%.
Launched additional targeted marketing campaigns for key national initiatives such as Recovery Month in September as well as two new segment specific campaigns to expand brand awareness outside addiction recovery use cases.
Refined the Company's marketing strategy to emphasize high-performing regions and new direct-to-consumer audiences, resulting in shorter sales cycles, higher conversion rates, and a 266% quarter-over-quarter increase in website traffic.
Achieved the highest monthly sales in Company history in October, supported by the addition of two new channel partners, and subsequently received the largest SOBRsure™ GEN 2 device order to date in November.

"The third quarter marked another period of consistent operational progress and growing commercial traction," said SOBRsafe CEO David Gandini. "Since the launch of our SOBRsure^TM GEN 2 device and reinvigorated brand platform late last year, we have seen steady month-over-month sales growth, with October representing our strongest sales month to date. Online sales remain a key contributor, supported by our newly enhanced e-commerce platform and more effective digital engagement strategy. We recently secured two new channel partners and continue to see expanding interest from organizations seeking discreet, reliable alcohol monitoring and detection solutions. Across both behavioral health and consumer markets, we are seeing increasing validation that our technology solutions and brand are resonating.

"Our marketing investments are driving measurable results, with website traffic up 266% and conversion rates improving as we refine our campaigns and segmentation. We have a clear end-of-year marketing plan that includes targeted messaging, influencer partnerships, and expanded social media activity designed to strengthen awareness heading into the critical holiday and "dry" January periods. The feedback from both consumers and behavioral health customers reinforces that our brand is gaining recognition and trust, and that our focused strategy is translating into sustained sales momentum.

"While still in the early stages of commercialization, we are executing with focus and alignment around our long-term strategic objectives. SOBRsafe is building meaningful brand awareness and industry credibility, validated by early interest from oversight organizations, healthcare networks, and behavioral health providers. Our priorities are concentrated around accelerating revenue growth across the behavioral health and consumer markets, cultivating global pilot programs that can evolve into licensing partnerships, and expanding our sales organization to support these initiatives. At the same time, we are strengthening our in-house technology expertise, enhancing our software capabilities through advanced analytics and machine learning, and reimagining our SOBRcheck^TM and SOBRsure™ products for broader adoption in early 2027. With these initiatives underway, we believe SOBRsafe is well positioned to convert our growing brand recognition and technology leadership into sustainable, scalable growth."

Third Quarter 2025 Financial Results

Revenue in the third quarter of 2025 increased 136.1% to $108.9 thousand compared to $46.1 thousand for the same period in 2024 and increased 4.5% compared to the second quarter of 2025. The year-over-year and sequential growth was primarily attributable to increased sales for the Company's SOBRsure^TM device and SOBRsure^TM software subscriptions.

Gross profit in the third quarter of 2025 increased to $37.9 thousand compared to $30.1 thousand for the same period in 2024. Gross margin was 34.8% in the third quarter of 2025, compared to 65.3% in the third quarter of 2024. The year-over-year decline in margin was largely due to strategic price reductions to the Company's SOBRsure^TM device and software subscriptions to expand its customer base as well as higher costs associated with product replacements to enhance device quality.

Operating expenses in the third quarter of 2025 were $2.3 million compared to $1.9 million for the prior year period. The increase was reflective of additional general and administrative costs associated with the Company's expanded head count, businesses development costs, and increased marketing efforts.

Net loss in the third quarter of 2025 was $(2.2) million, or $(1.44) per diluted share, compared to a net loss of $(1.8) million, or $(58.26) per diluted share, for the prior year period. Note, the earnings per diluted share in the prior year period has been adjusted for the 1-for-110 and 1-for-10 reverse splits of the Company's common stock on the Nasdaq Capital Markets effected October 2, 2024 and April 4, 2025, respectively. The increase in net loss was primarily attributable to higher operating costs, partially offset by reduced stock-based compensation and research and development expenses.

Cash and cash equivalents were $4.7 million at September 30, 2025, compared to $8.4 million at December 31, 2024.

About SOBRsafe™

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and the Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov .

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:
Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOBR SAFE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,
	2025			2024
ASSETS	(Unaudited)

Current assets
Cash	$	4,711,664		$	8,384,042
Accounts receivable, net		32,384			24,460
Inventory		142,230			224,875
Prepaid expenses		313,521			192,637
Other current assets		19,161			46,060
Total current assets		5,218,960			8,872,074

Property and equipment, net		36,264			-
Intellectual technology, net		1,798,867			2,087,965
Operating lease right-of-use assets, net		108,769			183,737
Other assets		27,427			27,427
Total Assets	$	7,190,287		$	11,171,203

LIABILITIES & STOCKHOLDERS' EQUITY

Current liabilities
Accounts payable	$	394,978		$	422,557
Accrued expenses		360,012			498,128
Accrued interest payable		113,422			105,501
Deferred revenue		10,092			-
Operating lease liabilities, current portion		121,584			111,303
Notes payable - related parties, net		11,810			11,810
Notes payable - non-related parties, net		210,664			127,590
Total current liabilities		1,222,562			1,276,889

Operating lease liabilities, less current portion		-			91,993
Total Liabilities		1,222,562			1,368,882

Commitments and contingencies
Stockholders' Equity
Common stock, $0.00001 par value; 100,000,000 shares authorized, 1,516,238 and 936,926 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively		15			94
Treasury stock, at cost; 17 and 16 shares as of September 30, 2025 and December 31, 2024, respectively		(38,015	)		(38,015	)
Additional paid-in capital		110,499,728			108,222,324
Accumulated deficit		(104,440,303	)		(98,328,395	)
Total SOBR Safe, Inc. stockholders' equity		6,021,425			9,856,008
Noncontrolling interest		(53,700	)		(53,687	)
Total Stockholders' Equity		5,967,725			9,802,321

Total Liabilities and Stockholders' Equity	$	7,190,287		$	11,171,203

SOBR SAFE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	For The Three Months Ended September 30,						For The Nine Months Ended September 30,
	2025			2024			2025			2024
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Revenues	$	108,893		$	46,129		$	299,738		$	148,310
Cost of goods and services		71,026			15,992			151,023			81,929
Gross profit		37,867			30,137			148,715			66,381

Operating expenses:
General and administrative		2,117,641			1,499,296			5,756,138			4,310,791
Stock-based compensation expense		115,250			184,243			370,180			584,551
Research and development		30,102			194,466			269,701			604,927
Total operating expenses		2,262,993			1,878,005			6,396,019			5,500,269

Loss from operations		(2,225,126	)		(1,847,868	)		(6,247,304	)		(5,433,888	)

Other income (expense):
Other income, net		47,459			12,566			200,889			46,978
Notes payable - conversion expense		-			-			-			(585,875	)
Interest expense		(8,961	)		(5,908	)		(14,753	)		(451,720	)
Total other income (expense), net		38,498			6,658			186,136			(990,617	)

Loss before provision for income taxes		(2,186,628	)		(1,841,210	)		(6,061,168	)		(6,424,505	)

Provision for income taxes		-			-			-			-

Net loss		(2,186,628	)		(1,841,210	)		(6,061,168	)		(6,424,505	)
Net loss attributable to noncontrolling interest		4			4			13			13
Net loss attributable to SOBR Safe, Inc.	$	(2,186,624	)	$	(1,841,206	)	$	(6,061,155	)	$	(6,424,492	)

Deemed dividends related to Convertible Debt Warrants down round provision		-			-			(1,833	)		(23,270	)
Deemed dividends related to 2022 PIPE Warrants down round provision		-			-			(1,547	)		(46,875	)
Deemed dividends related to Original Warrants and New Warrants down round provision		-			-			-			(1,455,805	)
Deemed dividends related to 2024 PIPE Warrants round down provision		-			-			(47,373	)		-
Warrant Inducement transactional costs		-			-			-			(341,297	)

Net loss attributable to common stockholders	$	(2,186,624	)	$	(1,841,206	)	$	(6,111,908	)	$	(8,291,739	)

Basic and diluted loss per common share	$	(1.44	)	$	(58.26	)	$	(4.21	)	$	(353.65	)

Weighted average number of common shares outstanding		1,516,238			31,605			1,451,713			23,446

SOBR SAFE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For The Nine Months Ended
	September 30,
	2025			2024
	(Unaudited)			(Unaudited)
Operating Activities:
Net loss	$	(6,061,168	)	$	(6,424,505	)

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation		291,006			289,098
Amortization of debt discounts		-			237,250
Non-cash lease expense		74,968			67,315
Non-cash interest expense		7,921			336,510
Non-cash conversion expense		-			585,875
Bad debt expense		9,490			202
Stock-based compensation expense		370,182			584,551
Changes in assets and liabilities:
Accounts receivable		(17,414	)		(20,573	)
Inventory		82,645			72,798
Prepaid expenses		152,161			86,566
Other assets		26,899			(21,534	)
Accounts payable		(27,579	)		(200,355	)
Accrued expenses		(168,017	)		(306,941	)
Accrued interest payable		-			(126,086	)
Deferred revenue		10,092			-
Operating lease liabilities		(81,712	)		(71,199	)
Net cash used in operating activities		(5,330,526	)		(4,911,028	)

Investing Activities:
Purchase of property and equipment		(38,172	)		-
Net cash used in investing activities		(38,172	)		-

Financing Activities:
Repayments of notes payable - non-related parties		(160,070	)		-
Proceeds from exercise of stock warrants		3,680,411			2,786,174
Payment of transactional costs for exercise of warrants		(184,021	)		(360,756	)
Payment of 2024 PIPE Warrant True-up Payment		(1,640,000	)		-
Net cash provided by financing activities		1,696,320			2,425,418

Net Change In Cash		(3,672,378	)		(2,485,610	)

Cash At The Beginning Of The Period		8,384,042			2,790,147

Cash At The End Of The Period	$	4,711,664		$	304,537

Schedule Of Non-Cash Investing And Financing Activities:
Deemed dividends related to Convertible Debt Warrants down round provision	$	(1,833	)	$	23,270
Deemed dividends related to 2022 PIPE Warrants down round provision	$	(1,547	)	$	46,875
Deemed dividends related to Original Warrants and New Warrants down round provision	$	-		$	1,455,805
Deemed dividends related to 2024 PIPE warrants round down provision	$	(47,373	)	$	-
Non-related party debt converted to capital	$	-		$	2,879,279
Warrant inducement transactional costs	$	-		$	341,297
Financing of prepaid insurance premiums	$	-		$	(161,896	)

Supplemental Disclosure:
Cash paid for interest	$	6,833		$	266
Cash paid for income taxes	$	-		$	-

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe to Present at the 2025 Gateway Conference on September 3rd

Mon, 25 Aug 2025 08:00:00 -0400

DENVER, CO / ACCESS Newswire / August 25, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, will participate in the 2025 Gateway Conference, which is being held September 3-4, at the Four Seasons Hotel in San Francisco, CA.

SOBRsafe's management team is scheduled to present on Wednesday, September 3^rd at 2:00 p.m. Pacific Time (PT). The presentation will be webcast live and available for replay here. In addition to the presentation, SOBRsafe will be available for one-on-one meetings throughout the conference.

For additional information, to request an invitation, or to schedule a one-on-one meeting, please email conference@gateway-grp.com.

About The Gateway Conference

Set against the backdrop of the Four Seasons Hotel in San Francisco, the Gateway Conference offers a unique stage for both public and private companies to introduce their stories to new audiences. The conference embodies Gateway's mission of connecting leading growth-stage companies with prospective investors, analysts, partners, and other capital markets constituents.

The event offers attendees an exclusive look at a diverse array of companies across sectors such as technology, cleantech, consumer, industrials, financial services, and healthcare. Through presentations and one-on-one meetings, investors and analysts will have exclusive access to senior company executives from over 75 private and public companies.

About Gateway Group

Gateway is a leading financial communications and digital media advisory firm specializing in assisting emerging growth companies for over 25 years. We work with businesses at various stages of corporate development, from private startups to public enterprises. Our team of experts offers decades of experience in all facets of corporate communications, including investor relations (IR) and public relations (PR), as well as cutting-edge digital media services such as branding & creative, web development, and social media. Gateway clients are industry leaders in technology, consumer, industrials, finance, business services, and more. To learn more about Gateway Group, our offerings, or how we can help meet your communications needs, visit Gateway-Grp.com or connect with us on LinkedIn.

About SOBRsafe™

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:
Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Reports Second Quarter 2025 Results

Thu, 07 Aug 2025 16:46:00 -0400

DENVER, CO / ACCESS Newswire / August 7, 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 second quarter ended June 30, 2025.

Second Quarter 2025 Operational and Financial Highlights

Generated a 92.3% year-over-year and 20.3% quarter-over-quarter increase in total revenue.
Gross margin increased 380 basis points year-over-year to 57.5% in the second quarter of 2025.
Net loss improved to $2.0 million, compared to $2.1 million in the second quarter of 2024.
SOBRsure^TM GEN 2 related hardware and software revenues attributed 76.5% of total revenue during the quarter and 80.4% year to date.
Shipped 178 SOBRsure^TM GEN 2 devices in the second quarter, an increase of 35.9% compared to the first quarter of 2025.
Annual recurring revenue from software subscription sales increased 109.6% year-over-year, representing 55.2% of total revenue for the quarter.
Launched the next evolution of the Company's business-to-business e-commerce platform which features enhanced ordering and segmentation capabilities, improved tracking of key metrics, and a refined mobile application experience.
Completed supplementary independent third-party validation of SOBRsure™ GEN 2, confirming strong core sensing performance, rapid low-level alcohol detection, and environmental reliability, positioning SOBRsafe for accelerated market expansion and new commercial opportunities.
Expanded global intellectual patent portfolio in August with the issuance of a European Patent for the SOBRcheck^TMdevice, positioning SOBRsafe to broaden its international reach.
Bolstered go-to-market strategy with the addition of two sales and marketing personnel.
Initiated sales efforts in the Family Law market to drive adoption in this core vertical.

"In the second quarter of 2025, we continued to build the foundation to accelerate future market adoption, delivering a 92% year-over-year and a 20% sequential increase in revenue," said SOBRsafe CEO David Gandini. "While still in the early stages of commercialization, we are seeing promising demand for our SOBRsure™ GEN 2 devices, which we shipped 178 of this quarter, representing a 36% increase compared to Q1 2025.

"A major milestone this quarter was the additional independent third-party validation of SOBRsure GEN 2, which confirmed strong core sensing performance, rapid low-level detection, and environmental reliability of our technology. This validation reinforces the credibility of our solution with institutional buyers and provides a clear roadmap for future product enhancement, including advancements in adaptive calibration and cross-contamination mitigation. In parallel, we made important strides in go-to-market execution. We expanded our sales and marketing team, initiated targeted outreach in the Family Law market, and launched the next evolution of our business-to-business e-commerce platform. This upgraded platform features enhanced customer segmentation, streamlined online ordering, integrated sales tracking, and improved billing capabilities, all designed to make purchasing and managing SOBRsure^TM solutions more intuitive, efficient, and scalable for our enterprise customers.

"We also laid critical groundwork for international expansion with the issuance of a European Patent for SOBRcheck™ and early-stage testing preparations in India and Italy. These efforts signal the growing relevance of our technology on a global scale. As we enter the second half of 2025, we believe SOBRsafe is well positioned to convert product validation and brand visibility into broader adoption and long-term value creation in a critical and underserved market."

Second Quarter 2025 Financial Results

Revenue in the second quarter of 2025 increased 92.3% to $104.2 thousand compared to $54.2 thousand for the same period in 2024 and increased 20.3% compared to the first quarter of 2025. The sequential and year-over-year increases were driven by sales growth for the Company's SOBRsure^TM device and SOBRsure^TM software subscriptions.

Gross profit in the second quarter of 2025 increased significantly to $59.9 thousand compared to $13.0 thousand for the same period in 2024. Gross margin was 57.5% in the second quarter of 2025, compared to an adjusted gross margin of 58.4% in the second quarter of 2024. The prior year period included a one-time write-off of $23.4 thousand related to inventory adjustments. The year-over-year margin improvement was largely due to increased SOBRsure^TM device and software subscription sales.

Operating expenses in the second quarter of 2025 were $2.1 million compared to $1.9 million for the same period in 2024. The increase was primarily attributable to planned increases in head count and professional services spend.

Net loss in the second quarter of 2025 improved to $(2.0) million, or $(1.32) per diluted share, compared to a net loss of $(2.1) million before deemed dividends and warrant transaction costs of $0.3 million, or $(97.53) per diluted share, for the same period in 2024. The improvement reflects increased gross profit, partially offset by higher operating expenses. Note, the earnings per diluted share in prior year period has been adjusted for the 1-for-110 and 1-for-10 reverse split of the Company's common stock on the Nasdaq Capital Markets effected October 2, 2024 and April 4, 2025, respectively.

Cash and cash equivalents were $8.5 million at June 30, 2025, compared to $8.4 million at December 31, 2024.

About SOBRsafe™

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and the Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:
Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOBR SAFE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS


	June 30,			December 31,
	2025			2024
ASSETS	(Unaudited)

Current assets
Cash	$	8,466,322		$	8,384,042
Accounts receivable, net		46,984			24,460
Inventory		189,763			224,875
Prepaid expenses		92,410			192,637
Other current assets		4,142			46,060
Total current assets		8,799,621			8,872,074

Intellectual technology, net		1,895,233			2,087,965
Operating lease right-of-use assets, net		134,439			183,737
Other assets		27,427			27,427
Total Assets	$	10,856,720		$	11,171,203

LIABILITIES & STOCKHOLDERS' EQUITY

Current liabilities
Accounts payable	$	501,150		$	422,557
Accrued expenses		2,005,041			498,128
Accrued interest payable		109,752			105,501
Deferred revenue		13,680			-
Operating lease liabilities, current portion		118,619			111,303
Notes payable - related parties, net		11,810			11,810
Notes payable - non-related parties, net		26,683			127,590
Total current liabilities		2,786,735			1,276,889

Operating lease liabilities, less current portion		30,883			91,993
Total Liabilities		2,817,618			1,368,882

Commitments and contingencies
Stockholders' Equity
Common stock, $0.00001 par value; 100,000,000 shares authorized, 1,516,238 and 936,926 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively		15			94
Treasury stock, at cost; 17 and 16 shares as of June 30, 2025 and December 31, 2024, respectively		(38,015	)		(38,015	)
Additional paid-in capital		110,384,477			108,222,324
Accumulated deficit		(102,253,679	)		(98,328,395	)
Total SOBR Safe, Inc. stockholders' equity		8,092,798			9,856,008
Noncontrolling interest		(53,696	)		(53,687	)
Total Stockholders' Equity		8,039,102			9,802,321

Total Liabilities and Stockholders' Equity	$	10,856,720		$	11,171,203

SOBR SAFE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	For The Three Months Ended June 30,						For The Six Months Ended June 30,
	2025			2024			2025			2024
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Revenues	$	104,228		$	54,191		$	190,845		$	102,181
Cost of goods and services		44,344			41,156			79,997			65,937
Gross profit		59,884			13,035			110,848			36,244

Operating expenses:
General and administrative		1,815,028			1,395,933			3,638,497			2,811,495
Stock-based compensation expense		115,252			185,910			254,930			400,308
Research and development		198,675			308,427			239,599			410,461
Total operating expenses		2,128,955			1,890,270			4,133,026			3,622,264

Loss from operations		(2,069,071	)		(1,877,235	)		(4,022,178	)		(3,586,020	)

Other income (expense):
Other income, net		75,713			13,157			153,430			34,412
Notes payable - conversion expense		-			-			-			(585,875	)
Interest expense		(2,127	)		(213,296	)		(5,792	)		(445,812	)
Total other income (expense), net		73,586			(200,139	)		147,638			(997,275	)

Loss before provision for income taxes		(1,995,485	)		(2,077,374	)		(3,874,540	)		(4,583,295	)

Provision for income taxes		-			-			-			-

Net loss		(1,995,485	)		(2,077,374	)		(3,874,540	)		(4,583,295	)
Net loss attributable to noncontrolling interest		5			4			9			9
Net loss attributable to SOBR Safe, Inc.	$	(1,995,480	)	$	(2,077,370	)	$	(3,874,531	)	$	(4,583,286	)

Deemed dividends related to Convertible Debt Warrants down round provision		-			-			(1,833	)		(23,270	)
Deemed dividends related to 2024 PIPE Warrants down round provision		-			(4,336	)		(1,547	)		(46,875	)
Deemed dividends related to Original Warrants and New Warrants down round provision		-			-			-			(1,455,805	)
Deemed Dividends related to 2024 PIPE Warrants round down provision		-			-			(47,373	)		-
Warrant Inducement transactional costs		-			(341,297	)		-			(341,297	)

Net loss attributable to common stockholders	$	(1,995,480	)	$	(2,423,003	)	$	(3,925,284	)	$	(6,450,533	)

Basic and diluted loss per common share	$	(1.32	)	$	(113.76	)	$	(2.77	)	$	(333.84	)

Weighted average number of common shares outstanding		1,516,202			21,300			1,418,915			19,322

SOBR SAFE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS



	For The Six Months Ended
	June 30,
	2025			2024
	(Unaudited)			(Unaudited)
Operating Activities:
Net loss	$	(3,874,540	)	$	(4,583,295	)

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets		192,732			192,732
Amortization of debt discounts		-			237,250
Non-cash lease expense		49,298			44,284
Non-cash interest expense		-			336,510
Non-cash conversion expense		-			585,875
Bad debt expense		-			202
Stock-based compensation expense		254,930			400,307
Changes in assets and liabilities:
Accounts receivable		(22,524	)		(9,708	)
Inventory		35,112			60,844
Prepaid expenses		115,082			81,051
Other assets		41,918			(6,002	)
Accounts payable		63,738			(5,912	)
Accrued expenses		(133,086	)		(208,213	)
Accrued interest payable		4,251			(128,214	)
Deferred revenue		13,680			-
Operating lease liabilities		(53,794	)		(46,872	)

Net cash used in operating activities		(3,313,203	)		(3,049,161	)

Financing Activities:
Repayments of notes payable - non-related parties		(100,907	)		-
Proceeds from exercise of stock warrants		3,680,411			2,786,174
Payment of transactional costs for exercise of warrants		(184,021	)		(360,756	)
Net cash provided by financing activities		3,395,483			2,425,418

Net Change In Cash		82,280			(623,743	)

Cash At The Beginning Of The Period		8,384,042			2,790,147

Cash At The End Of The Period	$	8,466,322		$	2,166,404

Schedule Of Non-Cash Investing And Financing Activities:
True-up payment accrual related to 2024 PIPE Warrants	$	(1,640,000	)	$	-
Deemed dividends related to Convertible Debt Warrants down round provision	$	(1,833	)	$	23,270
Deemed dividends related to 2022 PIPE Warrants down round provision	$	(1,547	)	$	46,875
Deemed dividends related to Original Warrants and New Warrants down round provision	$	-		$	1,455,805
Deemed dividends related to 2024 PIPE warrants round down provision	$	(47,373	)	$	-
Non-related party debt converted to capital	$	-		$	2,879,279
Warrant inducement transactional costs	$	-		$	341,297
Financing of prepaid insurance premiums	$	-		$	37,649

Supplemental Disclosure:
Cash paid for interest	$	1,541		$	266
Cash paid for income taxes	$	-		$	-

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBR Safe Expands Global Intellectual Patent Portfolio with Issuance of European Patent

Wed, 06 Aug 2025 16:15:00 -0400

European Patent Office Grants Patent for the Company's SOBRcheck™ Device

DENVER, COLORADO / ACCESS Newswire / August 6, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, announced today that the European Patent Office ("EPO") has granted a European Patent to SOBR Safe for the Company's SOBRcheck™ device. The EPO published European Patent No. EP4171362 titled "NONINVASIVE TRANSDERMAL ALCOHOL SCREENING SYSTEM" on August 6, 2025, after issuing a Decision to Grant the patent application on July 10, 2025.

SOBRsafe's new European Patent covers a variety of its alcohol detection devices, including the Company's passive, non-invasive alcohol monitoring and detection technology that enables the identification of alcohol consumption emitted through perspiration from the skin without the need for breath, blood or other intrusive sampling methods. The European Patent secures the Company's proprietary system architecture, including combining a transdermal alcohol sensor with a biometric identification scanner to provide an alcohol consumption measurement and identification of a user in a singular device with skin contact verification features to prevent tampering, and also evaluates environmental compensators that ensure accurate readings in real world conditions. In addition, the patent covers the device's ability to store, analyze, and wirelessly transmit data for real time or retrospective monitoring. This foundational intellectual property strengthens SOBRsafe's competitive advantage in workplace safety, judicial compliance, and wellness applications across the European market.

With a growing portfolio of proprietary technology, SOBRsafe is focused on expanding its international footprint. The company has a promising pipeline of opportunities with pilot tests in Europe set to commence in the second half of 2025.

"The granting of our European patent for the SOBRcheck™ device represents a major milestone in advancing our intellectual property portfolio and global expansion," said SOBRsafe CEO David Gandini. "This patent affirms the uniqueness of our noninvasive alcohol monitoring and detection system and reinforces the significant investments we have made in research and development. Securing this patent strengthens our competitive position for potential expansion into the European market and lays a solid foundation for future partnerships and pilot programs. We remain focused on delivering reliable, rapid alcohol monitoring and detection solutions that improve safety and accountability worldwide."

About SOBRsafe™

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and the Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:
Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Achieves Technology Milestone with Strong Core Sensing Capabilities in Third-Party Validation Results

Tue, 29 Jul 2025 08:00:00 -0400

Independent Testing Confirms SOBRsure™ GEN 2 Capabilities, Positioning SOBRsafe for Accelerated Market Expansion

DENVER, CO / ACCESS Newswire / July 29, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, today announced a significant technology milestone following comprehensive independent testing by KEA Technologies. The rigorous third-party evaluation assessed SOBRsafe's SOBRsure^TM GEN 2 device across key technical parameters under controlled conditions, establishing the device as an alternative to monitor alcohol consumption in the behavioral health and wellness, and alcohol consumption and non-punitive management space.

KEA Technologies conducted extensive evaluations covering critical performance areas including calibration linearity, environmental impacts, sensitivity and drift, and trace alcohol differentiation. The testing validated the SOBRsure^TM GEN 2's core sensing capabilities and consistent performance across its expected environmental operating range. The device exhibited excellent calibration linearity, demonstrating performance even with low-level ethanol underscoring the strength of SOBRsafe's early detection technology.

The device exhibited rapid ethanol response times of 30 seconds or less from initial exposure in controlled testing, including low-level, early detection scenarios. This rapid response capability, combined with the ability to differentiate trace alcohol concentrations in controlled conditions, highlights the underlying potential of SOBRsafe's monitoring and detection technology platform.

"The results of these tests demonstrate the strength of our baseline technology, specifically used in the SOBRsure^TM GEN 2 device," said SOBRsafe CEO David Gandini. "With increasing third-party validation reinforcing the monitoring and detection capabilities of SOBRsafe's technology and a clear road map for product evolution, we are poised to gain greater market share as we expand domestically and internationally."

Building on this validated foundation, SOBRsafe's future development efforts will focus on further enhancing low-level detection, minimizing cross-contamination from non-ingested alcohol sources, and advancing on-board sensor diagnostic capabilities and user adaptable calibration features. Additionally, this independent validation bolsters confidence in SOBRsafe's core technology, which can help us secure future commercial partnerships and accelerate broader market adoption.

For more information on SOBRsafe, please visit the Company's investor relations website at ir.sobrsafe.com.

About KEA Technologies, Inc.
Founded in 2015, KEA is a leader in engineering services, product development, and independent testing services for the transportation and other related industries. In addition to providing a wide array of independent testing out of its lab in Littleton, MA, KEA is a valued product development partner to its clients, helping to identify the root of any testing issues and enable clients to get to market faster, safely. KEA staff have excelled in innovative transportation R&D for the past 25 years and hold extensive subject-matter expertise regarding advanced engineering research, development, testing, and evaluation that has been applied to other industries such as defense and the oil and gas sector. KEA's team of world-renowned consultants hold expertise in various engineering disciplines and the standards, regulations, specifications, and recommended practices that are pertinent to their fields of expertise. For more information, visit www.keatechinc.com.

Safe Harbor Statement
Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and the Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:

Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Reports First Quarter 2025 Results

Thu, 22 May 2025 16:15:00 -0400

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.

First Quarter 2025 Operational and Financial Highlights

Achieved an 80.5% increase in total revenue compared to the prior-year quarter, with an improved gross margin of 58.8%.
Net loss improved significantly to $1.9 million, compared to $2.5 million in the first quarter of 2024.
Annual recurring revenue from software subscription sales increased 109.6% year-over-year, representing 53.8% of total revenue.
Received approximately $3.3 million in net proceeds from the exercise of outstanding warrants issued in connection with the October 2024 PIPE financing, bringing the Company's cash balance to $10.1 million at the end of the first quarter 2025.
Deployed 148 SOBRsure^TM devices in the first quarter, an increase of 41.0% compared to December 31, 2024.
Appointed Kris Pederson to the Board of Directors, adding deep expertise in governance, digital innovation, and strategic execution to support long-term scalable growth.
Enhanced SOBRsafe's patent-pending software technology, including updates to the mobile application with streamlined administration, improved notification protocols and Bluetooth connectivity, and a new user interface.
Added Dr. Benjamin Sanchez as a Scientific Advisor to support non-dilutive federal funding and licensing opportunities, and clinical research partnerships through his expertise in bioimpedance technologies and digital health systems.

"In the first quarter of 2025, we continued to make substantial progress towards sustainable long-term growth, with a marked 80.5% increase in year-over-year revenue and a significant improvement in gross margin to 58.8%,"said SOBRsafe Chairman and CEO David Gandini. "Driving our revenue growth was a 41.0% increase in SOBRsure^TM devices deployed compared to fiscal 2024 year-end, reflecting improved brand awareness and a rising demand for our innovative solutions. While we remain in the early stages of commercialization, this strong year-over-year improvement is a testament to our disciplined strategy focused on technological innovation, targeted deployment, and brand establishment.

"To further capitalize on this increasing momentum, we rolled out updates to our mobile application, including improved administrative tools, upgraded notification protocols, and a redesigned user interface. These improvements, shaped by direct client feedback, are designed to elevate usability and drive stronger engagement. We also completed independent third-party validation of our hardware platform and embedded sensors, a key milestone that enhances our credibility with institutional buyers and will accelerate future adoption.

"The first quarter represents important progress in refining our product, bolstering our go-to-market foundation, broadening awareness of the SOBRsafe brand, and strengthening our leadership, all of which positions us nicely to expand SOBRsafe's global footprint. Our focus on operational execution is laying a solid foundation to accelerate adoption of our innovative solutions and create scalable growth in a critical and underserved category in the years to come."

First Quarter 2025 Financial Results

Revenue in the first quarter of 2025 increased 80.5% to $86.6 thousand compared to $48.0 thousand for the same period in 2024 and increased 34.4% compared to the fourth quarter of 2024. The sequential and year-over-year increase was primarily due to the deployment of additional unique devices, including the release of our second generation SOBRsure^TM device, and a targeted marketing strategy.

Gross profit in the first quarter of 2025 increased considerably to $51.0 thousand compared to $23.2 thousand for the same period in 2024. Gross margin was 58.8% in the first quarter of 2025, up significantly from 48.4% in the first quarter of 2024. The year-over-year margin expansion was driven by an increase in software subscriptions and higher sales for the Company's SOBRsure^TM device.

Operating expenses in the first quarter of 2025 were $2.0 million compared to $1.7 million for the same period in 2024. The increase was largely due to additional general and administrative expenses from growing the Company's employee headcount and partially offset by a decreased reliance on and in third-party professional service and consulting fees.

Net loss in the first quarter of 2025 improved substantially to $(1.9) million, or $(0.66) per diluted share, compared to a net loss of $(2.5) million, or $(70.06) per diluted share, for the same period in 2024. The improvement reflects the higher level of gross profit generated during the quarter. Note, the earnings per diluted share in prior year period has been adjusted for the 1-for-110 and 1-for-10 reverse split of the Company's common stock on the Nasdaq Capital Markets effected October 2, 2024 and April 4, 2025, respectively.

Cash and cash equivalents were $10.1 million at March 31, 2025, compared to $8.4 million at December 31, 2024. The Company received proceeds of approximately $3.3 million, from the exercise of outstanding warrants during the first quarter of 2025 which were issued in conjunction with 2024 PIPE financing completed in October 2024.

About SOBRsafe™

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:

Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOBR SAFE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
	March 31,			December 31,
	2025			2024
ASSETS	(Unaudited)			(Unaudited)
Current assets
Cash	$	10,074,029		$	8,384,042
Accounts receivable, net		28,606			24,460
Inventory		193,868			224,875
Prepaid expenses		189,482			192,637
Other current assets		22,385			46,060
Total current assets		10,508,370			8,872,074

Intellectual technology, net		1,991,599			2,087,965
Operating lease right-of-use assets, net		159,423			183,737
Other assets		27,427			27,427
Total Assets	$	12,686,819		$	11,171,203

LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	412,502		$	422,557
Accrued expenses		392,130			498,128
Accrued interest payable		107,625			105,501
Operating lease liabilities, current portion		115,078			111,303
Notes payable - related parties, net		11,810			11,810
Notes payable - non-related parties, net		26,683			127,590
Total current liabilities		1,065,828			1,276,889

Operating lease liabilities, less current portion		61,656			91,993
Total Liabilities		1,127,484			1,368,882

Stockholders' Equity
Common stock, $0.00001 par value; 100,000,000 shares authorized, 1,516,128 and 936,926 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively		152			94
Treasury stock, at cost; 17 and 16 shares as of March 31, 2025 and December 31, 2024, respectively		(38,015	)		(38,015	)
Additional paid-in capital		111,909,088			108,222,324
Accumulated deficit		(100,258,199	)		(98,328,395	)
Total SOBR Safe, Inc. stockholders' equity		11,613,026			9,856,008
Noncontrolling interest		(53,691	)		(53,687	)
Total Stockholders' Equity		11,559,335			9,802,321

Total Liabilities and Stockholders' Equity	$	12,686,819		$	11,171,203

SOBR SAFE, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
	For The Three Months Ended March 31,
	2025			2024
	(Unaudited)			(Unaudited)
Revenues	$	86,617		$	47,990
Cost of goods and services		35,653			24,781
Gross profit		50,964			23,209

Operating expenses:
General and administrative		1,823,469			1,415,562
Stock-based compensation expense		139,678			214,398
Research and development		40,924			102,034
Total operating expenses		2,004,071			1,731,994

Loss from operations		(1,953,107	)		(1,708,785	)

Other income (expense):
Other income		77,717			21,255
Notes payable - conversion expense		-			(585,875	)
Interest expense		(3,665	)		(232,516	)
Total other income (expense), net		74,052			(797,136	)

Loss before provision for income taxes		(1,879,055	)		(2,505,921	)
Provision for income taxes		-			-
Net loss		(1,879,055	)		(2,505,921	)
Net loss attributable to noncontrolling interest		4			5
Net loss attributable to SOBR Safe, Inc.	$	(1,879,051	)	$	(2,505,916	)

Deemed dividends related to Convertible Debt Warrants down round provision		(1,833	)		(23,270	)
Deemed dividends related to 2022 PIPE Warrants down round provision		(1,547	)		(42,539	)
Deemed dividends related to Original Warrants and New Warrants down round provision		-			(1,455,805	)
Deemed dividends related to 2024 PIPE Warrants down round provision		(47,373	)		-

Net loss attributable to common stockholders	$	(1,929,804	)	$	(4,027,530	)

Basic and diluted loss per common share	$	(1.46	)	$	(232.21	)

Weighted average number of common shares outstanding, basic and diluted		1,320,526			17,344

SOBR SAFE, INC.
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
	For The Three Months Ended
	March 31,
	2025			2024
	(Unaudited)			(Unaudited)
Operating activities:
Net loss	$	(1,879,055	)	$	(2,505,921	)

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets		96,366			96,366
Amortization of debt discounts		-			149,295
Non-cash lease expense		24,314			21,850
Non-cash interest expense		-			80,784
Non-cash conversion expense		-			585,875
Stock-based compensation expense		139,678			214,398
Bad debt expense		-			202
Changes in assets and liabilities:
Accounts receivable		(4,146	)		(47	)
Inventory		31,007			22,179
Prepaid expenses		3,155			14,808
Other assets		23,675			(15,300	)
Accounts payable		(10,055	)		107,073
Accrued expenses		(105,998	)		(204,486	)
Accrued interest payable		2,124			2,171
Operating lease liabilities		(26,562	)		(23,144	)

Net cash used in operating activities		(1,705,497	)		(1,453,897	)

Financing activities:
Repayments of notes payable - non-related parties		(100,907	)		-
Proceeds from exercise of stock warrants		3,680,411			-
Payment for transaction costs of equity transactions		(184,020	)		-
Net cash provided by financing activities		3,395,484			-

Net Change In Cash		1,689,987			(1,453,897	)

Cash At The Beginning Of The Period		8,384,042			2,790,147

Cash At The End Of The Period	$	10,074,029		$	1,336,250

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Adds Corporate Strategist and Governance Veteran Kris Pederson to Board of Directors

Tue, 13 May 2025 18:35:00 -0400

Appointed Dr. Benjamin Sanchez as a Scientific Advisor

DENVER, CO / ACCESS Newswire / May 13, 2025 / SOBR Safe, Inc. (NASDAQ:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol detection technology, has appointed Kris Pederson to its Board of Directors (the "Board"), effective May 1, 2025. Ms. Pederson will also serve as chairperson of the Company's Nominating and Corporate Governance Committee.

Kris Pederson is a nationally recognized corporate director bringing 30 years of management consulting, auditing, financial analysis and corporate board experience. In her tenure as a former partner at the leading global professional services firm, EY, she led the firm's Center for Board Matters and prior, the EY Americas Strategy Consulting practice, focusing on strategy definition, digital transformation, risk management, mergers and acquisitions governance, and board performance. She also spearheaded strategic transformation practices and several global management consulting practices as a Vice President and Partner at IBM (NYSE: IBM), a leading provider of global hybrid cloud and AI, and consulting expertise. And before that, served as a strategy partner at PriceWaterhouseCoopers, another of the Big 4 professional services firms, similar to EY.

Ms. Pederson has been recognized by the National Association of Corporate Directors as a leading governance professional and was honored with Consulting Magazine's Lifetime Achievement Award and included among their Top 25 Consultants. She holds a BA from UCLA and an MBA from Harvard Business School.

"Kris' appointment brings a valuable combination of governance, strategic consulting, and operational leadership to our Board of Directors," said SOBRsafe Chairman and CEO David Gandini. "Her insights into digital innovation and strategic execution will be a critical asset as we continue to scale and refine the SOBRsafe brand, positioning us for long-term sustainable growth."

"SOBRsafe's technology is addressing the pressing need for preventative safety solutions in today's workplaces and communities," said Kris Pederson. "The Company's proactive approach to accountability and prevention aligns with where governance and technology must intersect today, and I look forward to helping guide SOBRsafe's continued evolution and impact."

In addition to joining the SOBRsafe Board, Kris currently serves on the NASDAQ Governance Advisory Council, the National Association of Corporate Directors (NACD) Colorado, the NFL Alumni Association, and the Harvard Business School Alumni Board. She previously served on the Boards of Great Western Bank, now First Interstate Bank, Windward Reports; now Apryse; and the Association of Mechanical Engineers (ASME).

The Company also appointed Dr. Benjamin Sanchez in February 2025 as a Scientific Advisor. Dr. Sanchez will help accelerate non-dilutive federal funding and licensing as well as bolster relationships with clinical research organizations seeking alcohol detection testing. Currently Dr. Sanchez serves as an Associate Professor at the University of Illinois Chicago in the Electrical and Computer Engineering as well as Biomedical Engineering departments. Dr. Sanchez received a dual BS in Telecommunication and Electronic Engineering, and his MS and PhD in Electronic Engineering from Universitat Politecnica de Catalunya (UPC), Barcelona, Spain.

"Dr. Sanchez is another strategic asset to our team bringing expertise across wearable bioimpedance technologies, physiological signal processing, and digital health systems" continued SOBRsafe Chairman and CEO David Gandini. "With years of research in biomedical engineering, Benjamin will accelerate the evolution of our alcohol detection platform, while also helping us build critical partnerships across clinical research and federal collaboration."

For more details, please reference the Form 8-K filed with the U.S. Securities and Exchange Commission on May 13, 2025, which can also be found in the Investor Relations of the Company's website.

About SOBRsafe™

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:
IR@sobrsafe.com

Investor Relations Contact:

Scott Liolios or Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire

SOBRsafe Provides Corporate Update

Tue, 15 Apr 2025 16:30:00 -0400

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

DENVER, CO / ACCESS Newswire / April 15, 2025 / SOBR Safe, Inc. (Nasdaq:SOBR) ("SOBRsafe" or the "Company"), the leader in next-generation alcohol monitoring and detection technology, is providing a corporate update on progress made throughout 2024 as well as upcoming strategic initiatives the Company is currently undertaking.

Marketing Updates: Building Brand Awareness and Driving Adoption

Collaborated with LocalIQ, the marketing solution for the largest U.S. newspaper publisher and the largest local-to-national publishing and digital media organization in the U.S., to launch both business-to-consumer and business-to-business marketing initiatives to build brand recognition and support 2025 sales efforts in the fourth quarter of 2024.
Generated significant brand awareness and stimulated market adoption through multi-channel national marketing campaigns.
Broadened the global reach of SOBRsafe^TM users and subscribers across 43 U.S. states, Canada, Australia, and New Zealand.
Initiated a robust marketing campaign in April to correspond with the National Council on Alcohol and Drug Dependence Alcohol Awareness Month.
Showcased SOBRsafe's next-generation solutions at the 50^th Annual Psychotherapy Associates Winter Symposium and the 2025 Marketing Exchange.
The Company is set to attend RISE25, the 16^th Annual West Coast Symposium on Addictive Disorders, Advocates for Recovery Colorado's Rally for Recovery, the National Behavior Association of Providers East Coast Symposium, and the 2025 Behavioral Health Tech Conference throughout 2025.

Sales Updates: Growth Through Enhanced Marketing and Leading Technology

Secured several new SOBRsure orders resulting in 350 bands expected to be delivered in 2025.
Bolstered go-to-market strategy with the appointment of Brady Reinig, the Company's new Vice President of Sales, in April 2025.
Launched alcohol detection and testing program for airport personnel and pilots outside of the U.S., building upon the Company's growing global footprint.
Expanded business-to-business sales in the first quarter of 2025 into the family law market to address the approximate 450,000 individuals undergoing domestic monitoring.
Deployed SOBRsafe's patent-pending software technology stack with an improved mobile application with streamlined administration application and notification protocols, and introduce new user interface elements.

"SOBRsafe continues to gain momentum across diverse markets while forging impactful partnerships, reinforcing our industry leadership," said SOBRsafe Chairman and CEO David Gandini. "In 2024, we made tremendous strides in brand awareness and customer adoption through strategic marketing initiatives and a focused sales effort. Our partnerships and campaigns have generated remarkable engagement, demonstrating the power of our technology to create safer workplaces and communities. As we move further into 2025, we are building on this momentum - scaling our reach, entering new markets, further validating our technology, and delivering innovative solutions that redefine alcohol monitoring, detection and safety. We're excited for the future, and we are just getting started."

Operational Updates

Completed two third-party product validation tests in the first quarter of 2025 and a 12-month third-party product sensor validation in December 2024.
Fortified SOBRsafe corporate team with additional full-time employees to support growth in accounting, customer service, and marketing efforts.
Supporting third-party Artificial Intelligence (AI) Blood Alcohol Concentration (BAC) equivalency testing with our SOBRsure^TM device in the second quarter of 2025.

Financial Updates

Total revenue increased 35% year-over-year to $212.7 thousand for the year ended December 31, 2024.
Operating expenses for the year ended December 31, 2024, decreased 20% year-over-year.
Net loss improved 16% year-over-year for the year ended December 31, 2024.
Maintained a robust financial position with total cash of $8.4 million and no long-term debt as of December 31, 2024.
Exercised outstanding warrants during the quarter ended December 31, 2024, and the quarter ended March 31, 2025, resulting in approximately $1.7 million and $3.3 million in net proceeds, respectively.
Completed a 1-for-10 reverse stock split of its common stock on April 2, 2025, reducing the total number of SOBRsafe's outstanding shares from approximately 15.2 million to 1.5 million.

"Our disciplined approach to operations and financial management has yielded tangible results, with year-over-year revenue growth, reduced operating expenses, and a healthy balance sheet," said SOBRsafe CFO Christopher Whitaker. "With a strengthened corporate team, a clear growth strategy, and fortified financial position, SOBRsafe continues to be poised to support future sales success. We remain steadfast in our commitment to innovation, efficiency, and delivering long-term value to our stakeholders."

About SOBRsafe™

Through next-generation alcohol detection technology, we enable trust and empower recovery ... with a human touch. SOBRsafe's advanced transdermal (touch-based) technology monitors, detects and reports in real-time the presence of alcohol as emitted through a user's skin - no breath, blood, or urine samples are required. With a powerful backend data platform, SOBRsafe provides passive, dignified screening and monitoring solutions for the behavioral health, family law and consumer markets, and for licensing and integration. To learn more, visit www.sobrsafe.com.

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "may", "if", "will", "consider", "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

Company Contact:

IR@sobrsafe.com

Investor Relations Contact:

Scott Liolios
Taylor Stadeli
Gateway Group
949-574-3860
SOBR@gateway-grp.com

SOURCE: SOBR Safe, Inc.

View the original press release on ACCESS Newswire