Core Viewpoint - Foresight Autonomous Holdings Ltd. has announced a strategic collaboration with Wuhan Xuanyuan Intelligent Driving Technology Co., Ltd. to develop cost-effective, automotive-grade stereoscopic thermal cameras aimed at enhancing safety and 3D perception in various driving conditions [1][2]. Group 1: Collaboration Details - The partnership combines XY IDrive's infrared thermal imaging technology with Foresight's 3D perception expertise to create high-performance thermal stereoscopic cameras [2]. - The cameras are designed to improve object detection and situational awareness in low-visibility and challenging weather conditions, where traditional sensors are often inadequate [2][4]. - The collaboration aims to accelerate adoption across multiple sectors, including automotive, industrial, logistics, drone, and agriculture markets by offering competitive pricing [2]. Group 2: Technical Specifications - The thermal cameras will feature a Gigabit Multimedia Serial Link (GMSL) interface for fast and reliable video transmission, simplifying integration across various markets [3]. - Compatibility with different NVIDIA ECU configurations will provide manufacturers with flexibility, potentially reducing development time and costs for OEMs and Tier One suppliers [3]. Group 3: Company Background - Foresight Autonomous Holdings Ltd. specializes in advanced 3D perception systems and cellular-based applications, with subsidiaries focused on both "in-line-of-sight" and "beyond-line-of-sight" accident-prevention solutions [7][8]. - Wuhan Guide Infrared Co., Ltd. is a leading developer and manufacturer of infrared thermal imaging systems, with a market cap of approximately $7.5 billion as of August 28, 2025 [1][5].

Core Insights - Foresight Autonomous Holdings Ltd. announced a proof of concept (POC) project with Continental AG's subsidiary co-pace to evaluate the integration of Eye-Net's V2X technology into Continental's vehicle platforms [1][2][3] Group 1: Project Overview - The POC project will be conducted in two phases: the first phase involves integrating Eye-Net's software development kit (SDK) into Continental's Telematics Control Unit (TCU), while the second phase will demonstrate the technology in real-world conditions using actual vehicles [2] - Both companies aim to finalize follow-on agreements by September 2025, contingent on the successful completion of the POC [2] Group 2: Strategic Importance - The collaboration reflects a shared commitment to innovation and addresses critical challenges in vehicle safety, enhancing Continental's V2X offerings [3] - Eye-Net's technology is positioned as a solution to current road safety challenges, indicating a growing recognition within the automotive industry of its potential [3] Group 3: Company Background - Eye-Net specializes in next-generation V2X collision prevention solutions, utilizing AI technology and existing cellular networks to provide real-time pre-collision alerts to road users [4] - Foresight Autonomous Holdings Ltd. develops advanced 3D perception systems and cellular-based applications through its subsidiaries, including Eye-Net [6][7]

[Interim Condensed Consolidated Balance Sheets](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets, liabilities, and equity decreased, while issued shares significantly increased | Metric | June 30, 2025 (Unaudited, in thousands) | December 31, 2024 (Audited, in thousands) | | :-------------------------------- | :-------------------------- | :-------------------------- | | **ASSETS** | | | | Cash and cash equivalents | $6,342 | $7,082 | | Total current assets | $6,881 | $7,846 | | Total non-current assets | $1,668 | $1,899 | | **Total assets** | **$8,549** | **$9,745** | | **LIABILITIES AND SHAREHOLDERS' EQUITY** | | | | Total current liabilities | $1,710 | $1,743 | | Total liabilities | $2,924 | $3,015 | | Total equity | $5,625 | $6,730 | | Total liabilities and shareholders' equity | $8,549 | $9,745 | - Issued and outstanding shares increased from **508,710,696** as of December 31, 2024, to **712,203,276** as of June 30, 2025[5](index=5&type=chunk) [Interim Condensed Consolidated Statements of Comprehensive Loss](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) Net loss increased to **$6,095 thousand** for the six months ended June 30, 2025, primarily due to higher operating expenses | Metric (Six months ended June 30) | 2025 (Unaudited) | 2024 (Unaudited) | Change (YoY) | | :-------------------------------- | :--------------- | :--------------- | :----------- | | Revenues | $240 | $224 | +$16 | | Cost of revenues | $(84) | $(72) | -$(12) | | Gross profit | $156 | $152 | +$4 | | Operating expenses: | | | | | Research and development, net | $(4,426) | $(4,525) | +$99 | | Sales and marketing | $(629) | $(576) | -$(53) | | General and administrative | $(1,296) | $(1,161) | -$(135) | | Operating loss | $(6,195) | $(6,110) | -$(85) | | Financing income, net | $100 | $1,402 | -$(1,302) | | Net loss | $(6,095) | $(4,708) | -$(1,387) | | Basic and diluted net loss per share | $(0.01) | $(0.01) | $0.00 | - Weighted average number of shares outstanding used in computing basic and diluted net loss per share increased from **459,778,056** in 2024 to **574,685,928** in 2025 for the six-month period[8](index=8&type=chunk) [Interim Condensed Consolidated Statements of Changes in Shareholders' Equity](index=5&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) Total shareholders' equity decreased to **$5,625 thousand** by June 30, 2025, primarily due to net loss | Metric | Balance as of Dec 31, 2024 | Changes (Jan 1 - Jun 30, 2025) | Balance as of Jun 30, 2025 (Unaudited) | | :-------------------------------- | :------------------------- | :----------------------------- | :------------------------------------- | | Ordinary Shares (Number) | 508,710,696 | +203,492,580 | 712,203,276 | | Additional paid-in-capital | $137,094 | +$5,961 | $142,984 | | Accumulated deficit | $(131,028) | -$(6,025) | $(137,053) | | Total Foresight Autonomous Holdings Ltd. shareholders' equity | $6,066 | -$(135) | $5,931 | | Non-controlling interest | $664 | -$(970) | $(306) | | **Total equity** | **$6,730** | **-$(1,105)** | **$5,625** | - Issuance of ordinary shares, net of costs, contributed **$1,870 thousand** in 2025[11](index=11&type=chunk) - Issuance of warrants, net of costs, contributed **$2,130 thousand** in 2025[11](index=11&type=chunk) [Interim Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash outflow of **$5,373 thousand** was partially offset by **$4,482 thousand** from financing activities | Cash Flow Activity (Six months ended June 30) | 2025 (Unaudited, in thousands) | 2024 (Unaudited, in thousands) | Change (YoY, in thousands) | | :------------------------------------------ | :--------------- | :--------------- | :----------- | | Net loss for the period | $(6,095) | $(4,708) | -$(1,387) | | Total net cash used in operating activities | $(5,373) | $(5,125) | -$(248) | | Total net cash provided (used) in investing activities | $(4) | $1,815 | -$(1,819) | | Total net cash provided by (used in) financing activities | $4,482 | $(98) | +$4,580 | | Decrease in cash, cash equivalents and restricted cash | $(790) | $(3,670) | +$2,880 | | Cash, cash equivalents and restricted cash at the end of the period | $6,392 | $12,064 | -$(5,672) | - Cash provided by financing activities in 2025 was primarily from the issuance of ordinary shares and warrants, net of issuance expenses, totaling **$4,482 thousand**[15](index=15&type=chunk) - Investing activities in 2024 included **$1,847 thousand** from sales of marketable securities, which was not present in 2025[15](index=15&type=chunk) [Notes to Interim Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Interim%20Condensed%20Consolidated%20Financial%20Statements) [NOTE 1 - GENERAL](index=8&type=section&id=NOTE%201%20-%20GENERAL) Foresight Autonomous Holdings Ltd. develops vision software and pre-collision alerts, facing 'going concern' doubts from operating losses [A. Reporting Entity](index=8&type=section&id=A.%20Reporting%20Entity) - Foresight Autonomous Holdings Ltd. is an Israeli technology company developing smart multi-spectral vision software solutions for automotive, defense, autonomous vehicles, heavy industrial equipment, and drones[20](index=20&type=chunk) - The company also develops a cellular-based solution suite for real-time pre-collision alerts to enhance road safety through its subsidiary, Eye-Net Mobile Ltd., incorporating AI technology[20](index=20&type=chunk) - The company's ADSs are listed on The Nasdaq Capital Market, with a ratio of **30 Ordinary Shares to 1 ADS**[21](index=21&type=chunk) [B. Going Concern](index=8&type=section&id=B.%20Going%20Concern) - The Company has not generated significant revenues and has incurred substantial operating losses, raising substantial doubts about its ability to continue as a going concern[23](index=23&type=chunk)[24](index=24&type=chunk) - Management plans to fund operations through current financial resources, product sales, and additional capital raises, but there is no assurance such funding will be available or sufficient[23](index=23&type=chunk)[24](index=24&type=chunk) [NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES](index=8&type=section&id=NOTE%202%20-%20BASIS%20OF%20PRESENTATION%20AND%20SIGNIFICANT%20ACCOUNTING%20POLICIES) Unaudited interim financial statements follow U.S. GAAP, using consistent policies and management estimates [A. Unaudited Interim Financial Statements](index=8&type=section&id=A.%20Unaudited%20Interim%20Financial%20Statements) - The accompanying unaudited interim condensed financial statements are prepared in accordance with U.S. GAAP for interim financial information and do not include all information and footnotes required for complete financial statements[25](index=25&type=chunk) - The results for the six and three months ended June 30, 2025, are not necessarily indicative of the results expected for the full year ending December 31, 2025[26](index=26&type=chunk) [B. Significant Accounting Policies](index=9&type=section&id=B.%20Significant%20Accounting%20Policies) - The significant accounting policies followed in the preparation of these unaudited interim condensed consolidated financial statements are identical to those applied in the preparation of the latest annual financial statements[28](index=28&type=chunk) [C. Use of estimates](index=9&type=section&id=C.%20Use%20of%20estimates) - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts, and actual results could differ from these estimates[29](index=29&type=chunk) [NOTE 3 - SEGMENT REPORTING](index=9&type=section&id=NOTE%203%20-%20SEGMENT%20REPORTING) The company operates as a single automotive vision segment, with diverse revenues from key regions and limited customers [A. Revenues by geographic region](index=9&type=section&id=A.%20Revenues%20by%20geographic%20region) | Region | Six months ended June 30, 2025 (Unaudited, in thousands) | Six months ended June 30, 2024 (Unaudited, in thousands) | | :----- | :----------------------------------------- | :----------------------------------------- | | Israel | $104 | $104 | | Japan | $75 | $115 | | USA | $32 | $- | | Other | $29 | $5 | | **Total** | **$240** | **$224** | - Revenues from Japan decreased by **$40 thousand**, while USA and Other regions showed new or increased revenue contributions in 2025[31](index=31&type=chunk) [B. Revenues by main customers](index=9&type=section&id=B.%20Revenues%20by%20main%20customers) | Customer | Six months ended June 30, 2025 (Unaudited, in thousands) | Six months ended June 30, 2024 (Unaudited, in thousands) | | :--------- | :----------------------------------------- | :----------------------------------------- | | Customer A | $104 | $104 | | Customer B | $- | $72 | | Customer C | $- | $44 | | Customer D | $40 | $- | | **Total** | **$144** | **$220** | - Customer B and C, which contributed **$72 thousand** and **$44 thousand** respectively in 2024, did not contribute revenue in 2025. Customer D emerged as a new significant customer in 2025 with **$40 thousand** in revenue[31](index=31&type=chunk) [NOTE 4 - MATERIAL EVENTS DURING THE REPORTING PERIOD](index=9&type=section&id=NOTE%204%20-%20MATERIAL%20EVENTS%20DURING%20THE%20REPORTING%20PERIOD) Foresight increased ADS offering capacity and raised **$1,870 thousand** net from sales, also diluting Eye-Net Mobile Ltd. ownership to **94.2%** via a **$2.75 million** equity investment - On February 21, 2025, the Company increased the maximum aggregate offering price of ADSs under its June 2024 Sales Agreement from **$7,000,000** to **$11,400,000**[32](index=32&type=chunk) - As of June 30, 2025, the Company raised a net amount of **$1,870 thousand** through the sale of **2,216,369 ADSs** (**66,491,070 Ordinary Shares**) under the June 2024 Sales Agreement[33](index=33&type=chunk) - On March 7, 2025, Eye-Net Mobile Ltd. received an equity investment resulting in gross proceeds of **$2.75 million**, diluting the Company's ownership from **100%** to **94.2%**. This transaction included the issuance of Series A Warrants (exercised for **4,315,507 ADSs** by June 30, 2025) and Series B Warrants (**89,836,950 warrants** issued)[33](index=33&type=chunk)[35](index=35&type=chunk) [NOTE 5 - SUBSEQUENT EVENTS](index=10&type=section&id=NOTE%205%20-%20SUBSEQUENT%20EVENTS) Post-period, Foresight raised **$745 thousand** net from ADS sales and approved a **$5 million** joint drone development project, **50%** funded by I4F - From July 1, 2025, until the report date, the Company raised an additional net **$745 thousand** through the sale of **1,612,981 ADSs** under the June 2024 Sales Agreement[36](index=36&type=chunk) - On August 4, 2025, a **$5 million** joint development and commercialization project with Big Bang Boom Solutions Pvt. Ltd. (an Indian drone manufacturer) was approved under the India-Israel Industrial R&D and Technological Innovation Fund (I4F)[36](index=36&type=chunk) - The project, scheduled to commence in September 2025 and span **24 months**, aims to develop autonomous industrial inspection drones equipped with advanced sensors and AI-based navigation capabilities, with I4F funding **50%** of the budget[36](index=36&type=chunk)

Core Viewpoint - Foresight Autonomous Holdings Ltd. plans to conduct a reverse share split at a ratio of 1-for-7, effective on August 24, 2025, on the Tel-Aviv Stock Exchange and August 25, 2025, on the Nasdaq Capital Market [1][2]. Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing advanced 3D perception systems and cellular-based applications [5]. - The company operates through subsidiaries including Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., which develop both "in-line-of-sight" vision systems and "beyond-line-of-sight" accident-prevention solutions [5]. Reverse Share Split Details - The reverse share split will not change the existing ratio of ordinary shares represented by the Company's American Depositary Shares (ADSs) [2]. - Following the reverse share split, the ADS price is expected to increase proportionally, although there is no assurance that the post-split price will match the expected proportionate increase [2]. - The reverse share split aims to help the company maintain compliance with Nasdaq listing requirements, though success in this goal is not guaranteed [2]. Shareholder Impact - The reverse share split will not affect any shareholder's percentage ownership or voting power [4]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. Product and Market Applications - Foresight's 3D perception systems include automatic calibration modules and dense 3D point clouds applicable in various markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment, and unmanned aerial vehicles (UAVs) [6]. - Eye-Net Mobile focuses on developing next-generation vehicle-to-everything (V2X) collision prevention solutions, enhancing road safety and situational awareness through AI technology and existing cellular networks [7].

Core Insights - Foresight Autonomous Holdings Ltd. reported financial results for Q2 and the first half of 2025, highlighting progress in commercial agreements and technological advancements in 3D perception systems [1][4][6]. Second Quarter Corporate Highlights - Revenues for Q2 2025 were $128,000, a slight increase from $123,000 in Q2 2024, primarily driven by agreements with Elbit Systems and successful testing with Software République [6]. - The company signed a $12 million commercialization agreement with Zhejiang StreamRail for urban rail transit integration, with expected deployment in 2026 [7]. - A collaboration with a Tier-One automotive supplier aims to enhance bus safety using Foresight's technology, with proof-of-concept testing ongoing in H2 2025 [7]. First Half 2025 Corporate Highlights - Total revenues for the first half of 2025 reached $240,000, compared to $224,000 in the same period of 2024 [9]. - Research and development expenses decreased by 2.2% to $4,426,000, while sales and marketing expenses increased by 9.2% to $629,000 [9]. - General and administrative expenses rose by 11.6% to $1,296,000, mainly due to increased share-based compensation [9]. Financial Performance - GAAP net loss for Q2 2025 was $2,815,000, improving from a loss of $3,172,000 in Q2 2024 [9]. - Non-GAAP net loss for Q2 2025 was $2,598,000, compared to $3,030,000 in Q2 2024 [10]. - For the first half of 2025, GAAP net loss was $6,095,000, compared to $4,708,000 in the first half of 2024 [10]. Balance Sheet Highlights - As of June 30, 2025, cash and cash equivalents totaled $6,392,000, down from $7,182,000 at the end of 2024 [18]. - Total equity decreased by 16.4% to $5,625,000, primarily due to the net loss for the period [18]. Technological Developments - Foresight enhanced its perception systems by integrating NVIDIA Jetson Orin platforms, significantly improving AI processing capabilities for automotive and drone applications [7]. - Eye-Net Mobile made significant strides in V2X safety, completing a paid proof-of-concept with a major European OEM and achieving successful trial results in France [5].

Core Insights - Foresight Autonomous Holdings Ltd. has signed a three-way agreement with KONEC Ltd. and GINT Ltd. to develop an autonomous control system for tractors, leveraging Foresight's 3D perception technology [1][2] - The collaboration aims to generate up to $35 million in revenue by 2030, with initial sales expected as early as 2026 [2][3] - The first phase will focus on developing a prototype of Foresight's ScaleCam system integrated with GINT's autonomous tractor kit "Pluva Auto," followed by validation and mass production [3][4] Company Overview - Foresight Autonomous Holdings Ltd. specializes in advanced 3D perception systems and cellular-based applications, with subsidiaries focused on various automotive and safety technologies [7][8] - KONEC Ltd. is a leading Tier-One automotive supplier known for manufacturing parts for eco-friendly vehicles and has major clients including Tesla, Hyundai, and Kia [5] - GINT Ltd. develops technologies for enhancing efficiency in transportation and production equipment, offering South Korea's top-selling autonomous driving tractor kit [6]

Core Insights - The global drone inspection and monitoring market is projected to reach $21.3 billion by 2027, driven by demand in various industries including oil and gas, mining, critical infrastructure, and manufacturing [1][3] - Foresight Autonomous Holdings Ltd. has announced a joint development and commercialization project with Big Bang Boom Solutions Pvt. Ltd., with a budget of $5 million, set to begin in September 2025 and lasting for 24 months [1][2][5] - The project aims to develop rugged, autonomous industrial inspection drones equipped with advanced sensors and AI-based algorithms for operation in challenging environments [4][5] Industry and Market Potential - The commercialization of the jointly developed technology could generate up to $32 million in revenue by 2031, indicating significant commercial potential for both Foresight and Big Bang [3] - The funding approval from the India-Israel Industrial R&D and Technological Innovation Fund (I4F) covers 50% of the project's budget, supporting the development of drone solutions tailored for industries such as oil and gas, mining, and power generation [5][6] - The drones are expected to improve safety, reduce operational costs, and enhance efficiency by performing inspections in hazardous and hard-to-reach environments [5]

Core Insights - The research paper presented by Toyota at the 2025 JSAE Annual Spring Congress discusses the potential of vehicle-to-network (V2N) technology to enhance Advanced Driver Assistance Systems (ADAS) by overcoming limitations of in-vehicle sensors [1][2][3] Group 1: V2N Technology and ADAS - The study explores how V2N technology can improve ADAS by addressing the inability of in-vehicle sensors to detect hazards in non-line-of-sight scenarios [2][3] - Smartphones are proposed as external sensors to enhance hazard detection through V2N communication, focusing on factors like communication latency, tracking accuracy, and positioning precision in urban environments [2][3] Group 2: Safety and Market Opportunities - The research highlights the strong potential of V2N technology to enhance vehicle safety and unlock new market opportunities, while emphasizing the need for advancements in positioning accuracy and viable business models for commercial adoption [3][4] - Eye-Net's V2X technology is crucial in this study, allowing smartphones to communicate hazard information to vehicles, thereby extending detection capabilities beyond in-vehicle sensors [4][5] Group 3: Company Background - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety and situational awareness for all road users [5][7] - Foresight Autonomous Holdings Ltd. focuses on advanced 3D perception systems and cellular-based applications, developing both in-line-of-sight and beyond-line-of-sight accident-prevention solutions [7][8]

Core Insights - Eye-Net Mobile Ltd., a subsidiary of Foresight Autonomous Holdings Ltd., has completed the first phase of a significant mobility trial in Bordeaux, France, focusing on enhancing urban road safety through its V2X collision prevention technology [1][2][3] - The second phase of the trial is scheduled for the fourth quarter of 2025, involving up to 10,000 participants and testing the alert system in live urban environments [4][5] Company Overview - Foresight Autonomous Holdings Ltd. specializes in advanced 3D perception systems and has developed a V2X platform that integrates with mobile applications to provide real-time collision alerts [1][7] - Eye-Net's technology achieved a detection rate of over 99% for interactions between road users, demonstrating its effectiveness in urban settings [5][6] Collaboration and Ecosystem - The Bordeaux trial is conducted in collaboration with several partners, including Renault Group and Orange S.A., as part of the Software République initiative aimed at intelligent and sustainable mobility solutions [2][9] - The Software République is an open innovation ecosystem that combines expertise from various sectors to address challenges in connected vehicles and smart cities [10][11] Future Developments - The trial's success is seen as a testament to the scalability and reliability of Eye-Net's platform, with plans for further advancements to meet the complex demands of modern urban environments [6][12]

Core Viewpoint - Eye-Net Mobile Ltd., a subsidiary of Foresight Autonomous Holdings Ltd., is advancing urban mobility safety through its V2X collision prevention technology, with a significant trial in Bordeaux, France, and plans for a larger trial in late 2025 [1][2][4]. Group 1: Trial Details - The first phase of the Bordeaux trial involved collaboration with major partners including Renault Group and Orange S.A., focusing on enhancing road safety for urban users [2][3]. - The second phase, scheduled for the fourth quarter of 2025, will include up to 10,000 participants using a public transportation app to test Eye-Net's alert system in live urban environments [4]. Group 2: Technology Performance - Eye-Net's V2X platform achieved a detection rate of over 99% for interactions among road users, demonstrating robust interoperability with existing applications [5]. - The technology utilizes smartphones and connected vehicles to create a real-time communication network that alerts users to potential collisions, even in low visibility conditions [3][5]. Group 3: Company Commitment and Vision - The CEO of Eye-Net emphasized the trial's success as a testament to the platform's flexibility and reliability, indicating the technology's maturity and scalability for urban mobility solutions [6]. - Eye-Net aims to support the evolving demands of modern urban environments by advancing its collision prevention solutions [6][7].