SOBRsafe Q2 2024 Quarterly Update FAQ

What is SOBRsafe’s core market and how is it impacting it?

SOBRsafe’s core market is behavioral health, where its technology is transforming the continuum of care by reducing redundancy, eliminating paper trails, creating digital records, improving billing processes, and allowing more time for clinical practice.

Why was SOBRsafe granted an exception period by NASDAQ?

The NASDAQ Hearings Panel granted SOBRsafe an exception period to continue the listing of its common stock on the NASDAQ exchange, giving the company until Oct. 23, 2024, to regain compliance with the $1 minimum bid price per share requirement and demonstrate long-term compliance with the required minimum of $2.5 million in stockholders’ equity.

How has SOBRsafe performed in terms of sales and revenue in 2024?

SOBRsafe reported 17 new customer accounts in Q2 2024, increasing its 2024 new customer total to 33, along with a 44% increase in revenue.

What technology does SOBRsafe offer?

SOBRsafe offers an advanced transdermal technology that detects and reports in real time the presence of alcohol as emitted through a user’s skin, requiring no breath, blood, or urine sample.

Where can I find more information about SOBRsafe’s latest updates?

The latest news and updates relating to SOBRsafe are available in the company’s newsroom at http://ibn.fm/SOBR.

What are the commercial products available from SOBRsafe?

The SOBRsafe technology is commercially available for point-of-care screening (SOBRcheck) and continuous monitoring (SOBRsure).

Who is the CEO of SOBRsafe and what has he said about the company’s progress?

Dave Gandini, CEO and chair of SOBRsafe, stated that the company is earning validation in the behavior health market, which is the first and most important step in building its industry brand.

What is the significance of SOBRsafe’s technology in the context of alcohol misuse?

Alcohol misuse is the fourth-leading cause of preventable death in America and the seventh worldwide. SOBRsafe’s technology provides a next-generation, passive-detection solution that addresses the inefficiencies and invasiveness of legacy technologies.