Core Points - The U.S. Department of Transportation's NHTSA has finalized a new federal motor vehicle safety standard requiring automatic emergency braking (AEB) systems in all new passenger cars and light trucks by September 2029, emphasizing the importance of thermal imaging for pedestrian safety in low light conditions [1][2] - The NHTSA estimates that this regulation will save at least 360 lives and prevent 24,000 injuries annually, highlighting the limitations of AEB systems in certain lighting and weather conditions, which thermal imaging can address [2] - The company believes its pioneering stereoscopic thermal imaging technology provides a significant advantage in enhancing AEB solutions and anticipates increased demand for thermal cameras, leading to a decrease in associated costs [3] Company Overview - Foresight Autonomous Holdings Ltd. is a technology company focused on developing smart multi-spectral vision software solutions and cellular-based applications through its subsidiaries [4] - The company's vision solutions include automatic calibration modules and dense 3D point cloud applications across various markets, including automotive and defense [5]

NVIDIA Jetson AGX Orin system-on-module is used to accelerate autonomous agriculture and heavy machinery projects Ness Ziona, Israel, May 08, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision solutions, has announced a major breakthrough with the development of Dragonfly Vision™, its cutting-edge 360-degrees 3D perception solution, based on the NVIDIA Jetson AGX Orin platform, designed for power-optimized aut ...

The patented technology is highly beneficial to Foresight's key markets, particularly the heavy equipment industry, as the integration of thermal cameras ensures precise obstacle detection in challenging weather and dust-filled environments Ness Ziona, Israel, April 17, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that it has received a notice of allowance from the Japan Patent Office for its patent applicatio ...

Foresight Announces Fourth Quarter and Full Year 2023 Financial Results NESS ZIONA, Israel — March 27, 2024 — Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), today reported financial results for the fourth quarter and full year ended December 31, 2023. Foresight ended the full year 2023 with revenues of $497,000 and with $15.7 million in cash, cash equivalent and restricted cash. The Company reported a U.S. generally accep ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR (Name, Tel ...

As a result of the successful completion of the POC, the parties will initiate sales efforts with SoftBank's key business partners for commercial validation Ness Ziona, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision solution, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), announced today that SoftBank Corp. (TYO:9434) ("SoftBank") will collaborate with its business partners to initia ...

Eye-Net targets integration into the vehicle manufacturer's existing ADAS systems Ness Ziona, Israel, March 19, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly-owned subsidiary, Eye-Net Mobile Ltd. ("Eye-Net"), has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F Commission File No.: 001-38094 FORESIGHT AUTONOMOUS HOLDINGS LTD. (Exact name of registrant as specified in its charter) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANG ...

[Overview](index=1&type=section&id=Overview) Foresight's 2022 full-year revenue surged 358% to $550,000, driven by POC projects, alongside widening GAAP losses and a strategic commercialization push Full Year 2022 Key Financial Metrics | Metric | FY 2022 | FY 2021 | Change | | :--- | :--- | :--- | :--- | | Revenues | $550,000 | $120,000 | +358% | | GAAP Operating Loss | ($17.5 million) | ($15.9 million) | +10% | | GAAP Net Loss | ($21.7 million) | ($15.0 million) | +44% | | Cash, cash equivalent, restricted cash and short-term deposits | $26.5 million | $45.7 million | -42% | - The company's strategic focus in 2022 was on achieving commercialization with early adopters, resulting in three commercial agreements with industry leaders[1](index=1&type=chunk) - A key achievement was the commercial agreement with SUNWAY-AI, which validates the company's long-term strategy of building partnerships in key geographies like China, Japan, Europe, and North America[4](index=4&type=chunk) [Fourth Quarter Corporate Highlights](index=1&type=section&id=Fourth%20Quarter%20Corporate%20Highlights) Q4 2022 highlights include a $51 million potential agreement with SUNWAY-AI and Eye-Net Mobile's successful Japan roadshow, generating strong OEM interest - Signed a joint development and supply agreement with SUNWAY-AI Technology Co., Ltd., which could yield up to **$51 million in revenue** over four years. SUNWAY-AI will commercialize the ADAS systems in mainland China, Hong Kong, Taiwan, and Macao[3](index=3&type=chunk) - Wholly-owned subsidiary Eye-Net Mobile completed a successful technological roadshow in Japan, demonstrating its solution to **20 automotive-related companies**, including **five leading Japanese OEMs**, which generated significant interest[3](index=3&type=chunk) - Hosted a virtual investor webinar in December to showcase progress in developing and distributing new automotive technologies and to provide updates on relationships with customers like Hitachi Astemo Americas and SUNWAY-AI[3](index=3&type=chunk) [Financial Results](index=2&type=section&id=Financial%20Results) The company's financial performance in Q4 and full-year 2022 reflects significant revenue growth from POC projects, offset by increased operating expenses and net losses [Fourth Quarter 2022 Financial Results](index=2&type=section&id=Fourth%20Quarter%202022%20Financial%20Results) Q4 2022 revenues grew **23.8%** to **$99,000** from POC projects, while GAAP net loss remained stable at **$3.8 million** due to higher expenses Q4 2022 vs. Q4 2021 Financials (in thousands) | Metric | Q4 2022 | Q4 2021 | Change | | :--- | :--- | :--- | :--- | | Revenues | $99 | $80 | +23.8% | | R&D Expenses, net | $3,035 | $2,647 | +14.7% | | G&A Expenses | $1,087 | $987 | +10.1% | | GAAP Net Loss | ($3,820) | ($3,726) | +2.5% | | Non-GAAP Net Loss | ($3,377) | ($3,304) | +2.2% | | GAAP EPS | ($0.012) | ($0.012) | 0% | - Q4 revenue was primarily generated from the successful completion of a POC project with a leading American EV manufacturer (**$70,000**) and a POC project with a leading global tractor manufacturer (**$15,000**)[6](index=6&type=chunk) [Full Year 2022 Financial Results](index=3&type=section&id=Full%20Year%202022%20Financial%20Results) Full-year 2022 revenues surged **358%** to **$550,000** from POC projects, but GAAP net loss widened to **$21.7 million** due to increased expenses and finance costs Full Year 2022 vs. 2021 Financials (in thousands) | Metric | FY 2022 | FY 2021 | Change | | :--- | :--- | :--- | :--- | | Revenues | $550 | $120 | +358% | | R&D Expenses, net | $11,534 | $10,170 | +13.4% | | Sales & Marketing Exp. | $2,230 | $1,848 | +20.7% | | GAAP Net Loss | ($21,676) | ($15,036) | +44.2% | | Non-GAAP Net Loss | ($19,850) | ($12,572) | +57.9% | | GAAP EPS | ($0.067) | ($0.047) | +42.6% | - Full-year revenue was generated from projects with Elbit Systems (**$220k**), Hitachi Astemo (**$150k**), ZF North America (**$90k**), an American EV manufacturer (**$70k**), and a global tractor manufacturer (**$15k**)[8](index=8&type=chunk) - Net finance expenses for 2022 were **$4.2 million**, a significant shift from a net finance income of **$0.9 million** in 2021. This was mainly driven by a **$2.2 million** revaluation of the company's investment in Rail Vision Ltd. and **$2.2 million** in exchange rate differences[11](index=11&type=chunk) [Balance Sheet Highlights](index=4&type=section&id=Balance%20Sheet%20Highlights) As of December 31, 2022, Foresight's liquidity and equity decreased, with cash and deposits at **$26.5 million** and total equity at **$28.8 million** Balance Sheet Comparison (as of Dec 31, in thousands) | Metric | 2022 | 2021 | | :--- | :--- | :--- | | Cash, restricted cash, and short-term deposits | $26,491 | $45,701 | | Total Assets | $32,893 | $53,481 | | Total Liabilities | $4,110 | $4,848 | | Total Equity | $28,783 | $48,633 | [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements provide detailed insights into the company's balance sheet, comprehensive loss, and cash flow for 2022 [Consolidated Balance Sheets](index=6&type=section&id=FORESIGHT%20AUTONOMOUS%20HOLDINGS%20LTD.%20INTERIM%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of December 31, 2022, total assets were **$32.9 million** and total equity **$28.8 million**, reflecting a reduction from 2021 due to cash utilization Consolidated Balance Sheets (U.S. dollars in thousands) | | As of Dec 31, 2022 | As of Dec 31, 2021 | | :--- | :--- | :--- | | **ASSETS** | | | | Total current assets | $27,335 | $46,373 | | Total non-current assets | $5,558 | $7,108 | | **Total assets** | **$32,893** | **$53,481** | | **LIABILITIES AND SHAREHOLDERS' EQUITY** | | | | Total current liabilities | $2,634 | $2,705 | | Total non-current liabilities | $1,476 | $2,143 | | **Total liabilities** | **$4,110** | **$4,848** | | **Total equity** | **$28,783** | **$48,633** | | **Total liabilities and shareholders' equity** | **$32,893** | **$53,481** | [Consolidated Statements of Comprehensive Loss](index=7&type=section&id=FORESIGHT%20AUTONOMOUS%20HOLDINGS%20LTD.%20INTERIM%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20LOSS) For FY2022, the company reported a net loss of **$21.7 million** on **$550,000** revenue, with Q4 2022 showing a **$3.8 million** net loss on **$99,000** revenue Consolidated Statements of Comprehensive Loss (U.S. dollars in thousands) | | Year ended Dec 31, 2022 | Year ended Dec 31, 2021 | Three months ended Dec 31, 2022 | Three months ended Dec 31, 2021 | | :--- | :--- | :--- | :--- | :--- | | Revenues | 550 | 120 | 99 | 80 | | Gross profit | 298 | 53 | 55 | 48 | | Operating loss | (17,455) | (15,945) | (4,538) | (4,116) | | Net loss | (21,676) | (15,036) | (3,820) | (3,726) | [Consolidated Statements of Cash Flow](index=8&type=section&id=FORESIGHT%20AUTONOMOUS%20HOLDINGS%20LTD.%20INTERIM%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOW) In FY2022, net cash used in operations was **$17.1 million**, offset by **$9.0 million** from investing, resulting in a **$8.9 million** decrease in cash to **$19.3 million** Consolidated Statements of Cash Flow Highlights (U.S. dollars in thousands) | | Year ended Dec 31, 2022 | Year ended Dec 31, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | (17,057) | (12,125) | | Net cash provided by (used in) investing activities | 8,983 | (12,582) | | Net cash provided by financing activities | - | 14,160 | | Decrease in cash and cash equivalents and Restricted cash | (8,913) | (10,584) | | Cash and cash equivalents and Restricted cash at end of period | 19,275 | 28,188 | [Reconciliation of GAAP to Non-GAAP Results](index=10&type=section&id=SUPPLEMENTAL%20RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20RESULTS) The reconciliation adjusts GAAP net loss by excluding non-cash share-based compensation, resulting in a FY2022 non-GAAP net loss of **$19.9 million** GAAP to Non-GAAP Reconciliation (U.S. dollars in thousands) | | Year ended Dec 31, 2022 | Year ended Dec 31, 2021 | Three months ended Dec 31, 2022 | Three months ended Dec 31, 2021 | | :--- | :--- | :--- | :--- | :--- | | **GAAP net loss** | **(21,676)** | **(15,036)** | **(3,820)** | **(3,726)** | | Share-based compensation expenses | 1,826 | 2,464 | 443 | 422 | | **Non-GAAP net loss** | **(19,850)** | **(12,572)** | **(3,377)** | **(3,304)** | - Management believes non-GAAP financial information is useful for investors to understand and assess the company's ongoing operations, as it excludes non-cash expenses like stock-based compensation[9](index=9&type=chunk)

Exhibit 99.1 Foresight Announces First Quarter 2022 Financial Results NESS ZIONA, Israel — May 26, 2022 — Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) ("Foresight or the "Company"), today reported financial results for the first quarter of 2022. Foresight ended the first quarter of 2022 with $40.4 million in cash, cash equivalent, restricted cash and short-term deposits. The Company reported a GAAP net loss of $2.02 million for the first quarter of 20 ...