Core Insights - LeddarTech is focused on commercializing its LeddarVision™ platform while addressing liquidity challenges and has introduced LeddarSim™, a simulation platform to enhance ADAS and autonomous driving solutions [2][4] Business and Technology Highlights - The company has over 30 active opportunities with OEMs and automotive suppliers to meet consumer demand for safety features and regulatory requirements [4] - LeddarTech is progressing towards production for its first OEM design win, expected to generate non-recurring services revenue in fiscal year 2025 [9] Financial Performance - Revenue for Q2 2025 was $238,914, a significant increase from $122,101 in Q2 2024 [5] - The net loss for Q2 2025 was ($16.0) million, or ($0.42) per share, compared to a net loss of ($17.2) million, or ($0.60) per share in Q2 2024 [6] - EBITDA loss for Q2 2025 was ($8.4) million, improved from a loss of ($14.0) million in Q2 2024 [7] - Adjusted EBITDA loss for Q2 2025 was ($12.0) million, compared to a loss of ($8.7) million in Q2 2024 [7] Balance Sheet and Liquidity - As of March 31, 2025, LeddarTech had a cash balance of approximately $9.2 million, which decreased to $4.1 million by May 8, 2025 [8] - The company is required to maintain a minimum cash balance of $1.8 million and must raise an additional US$9.7 million in equity investments by May 23, 2025 [10] Company Overview - LeddarTech, founded in 2007, specializes in AI-based sensor fusion and perception software for ADAS and autonomous driving applications [11] - The company holds over 190 patent applications, with 112 granted, aimed at enhancing ADAS and autonomous driving capabilities [12]

Company Overview - LeddarTech Holdings Inc. is an automotive software company specializing in AI-powered low-level sensor fusion and perception software technology, known as LeddarVision™, for Advanced Driver Assistance Systems (ADAS), autonomous driving (AD), and parking applications [1][3] - The company was founded in 2007 and is headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv, Israel [3] Upcoming Financial Results - LeddarTech plans to release its second quarter 2025 financial results before the market opens on May 14, 2025 [1] - An Investor and Business Update conference call and webcast will be held on the same day at 8:00 a.m. ET, featuring Frantz Saintellemy, President and CEO, and Chris Stewart, CFO [1] Technology and Innovations - LeddarTech has over 170 patent applications, with 87 granted, focusing on enhancing ADAS, AD, and parking capabilities [4] - The company's technology aims to improve vehicle awareness, contributing to safer, more efficient, sustainable, and affordable global mobility [4] Market Position - LeddarTech seeks to become the most widely adopted sensor fusion and perception software solution in the automotive industry [4]

Core Points - LeddarTech Holdings Inc. has entered into significant amendments to its credit facility and bridge financing agreements, requiring the company to develop a refinancing or recapitalization plan by May 23, 2025 [1][7] - The company has received a Nasdaq deficiency notice indicating it did not meet the minimum market value of listed securities requirement of US$35 million, with a 180-day period to regain compliance [4][5] Financial Agreements - The Seventeenth Amending Agreement includes a monthly payment of C$125,000 to Desjardins until the Short-Term Outside Date, which is set for May 23, 2025 [2][7] - Interest payments for the months of July through December 2024 have been postponed until the earlier of the final disbursement of equity investments totaling at least US$35 million or May 23, 2025 [7] Nasdaq Compliance - LeddarTech is actively monitoring its market value to regain compliance with Nasdaq listing requirements, following a previous non-compliance notice regarding the minimum bid price of US$1.00 per share [5][6] - The deficiency notice does not immediately affect the trading status of LeddarTech's shares on the Nasdaq [6] Company Overview - LeddarTech is an automotive software company specializing in AI-powered sensor fusion and perception software, with a focus on advanced driver-assistance systems (ADAS) and autonomous driving applications [9][10] - The company has over 170 patent applications, with 87 granted, aimed at enhancing vehicle awareness and safety [10]

Core Insights - LeddarTech Holdings Inc. is participating in Auto Shanghai 2025 to showcase its AI-powered low-level sensor fusion and perception software technology, LeddarVision, aimed at enhancing ADAS and autonomous driving applications [1][2][4] Company Overview - LeddarTech is an automotive software company founded in 2007, headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv [5] - The company specializes in AI-based low-level sensor fusion and perception software solutions for ADAS, autonomous driving, and parking applications [5][6] - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, autonomous driving, and parking capabilities [6] Product and Technology - LeddarTech will demonstrate its latest innovations in sensor fusion technology powered by the Texas Instruments TDA4 processor platform at Auto Shanghai 2025 [3] - The LeddarVision software improves object detection, situational awareness, and driving automation, providing a live demonstration ride in the LeddarNavigator vehicle [2][3] Market Position - China is identified as a rapidly growing market for ADAS and autonomous driving technology, with LeddarTech's solutions aimed at helping OEMs and Tier 1 suppliers enhance safety and driving intelligence [4] - The collaboration with Texas Instruments is designed to optimize performance and cost, addressing challenges in the Chinese automotive market [3][4]

Core Points - LeddarTech Holdings Inc. held its annual general and special meeting of shareholders on March 26, 2025, where various proposals were voted on and directors were elected to the board [1] Group 1: Election of Directors - A full slate of six directors was elected to serve until the next annual meeting or until a successor is appointed [2] - The voting results for each nominee showed high approval rates, with Frantz Saintellemy receiving 99.69% of votes for, and Derek Aberle receiving 99.88% [3] Group 2: Approval of Auditor - Richter LLP was approved as the auditors for the Corporation, with 99.81% of votes in favor [4][5] Group 3: Amendments to Equity-Based Incentive Plan - An amendment to increase the number of common shares available for issuance under the omnibus equity-based incentive plan was approved, receiving 98.62% of votes for [6][7] - A second amendment for the adoption of an evergreen provision, allowing for an automatic annual increase in common shares over the next five years, was also approved, with 70.51% of votes for [7][8]

Core Points - LeddarTech Holdings Inc. has received a notification from Nasdaq indicating that it did not meet the minimum bid price requirement of US$1.00 per share for continued listing on the Nasdaq Capital Market over a 30-day period from February 4, 2025, to March 18, 2025 [1] - The company has a 180-day period to regain compliance with the listing requirement [1][2] - The letter does not have an immediate effect on the trading of the company's shares, which will continue to be listed under the symbol "LDTC" [3] Company Overview - LeddarTech is an automotive software company founded in 2007, headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv [5] - The company specializes in AI-based low-level sensor fusion and perception software solutions for advanced driver-assistance systems (ADAS), autonomous driving (AD), and parking applications [5] - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, AD, and parking capabilities [6] Technology and Market Position - The company's technology utilizes advanced AI and computer vision algorithms to create accurate 3D models of the environment, improving decision-making and navigation safety [5] - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution in the automotive industry [6]

Company Overview - LeddarTech Holdings Inc. is an automotive software company specializing in AI-based low-level sensor fusion and perception software technology, known as LeddarVision™ [1][3] - The company was founded in 2007 and is headquartered in Quebec City, with additional R&D centers in Montreal and Tel Aviv, Israel [3] - LeddarTech develops solutions that enable the deployment of Advanced Driver Assistance Systems (ADAS), autonomous driving (AD), and parking applications [3] Financial Agreements - LeddarTech has entered into the Sixteenth Amending Agreement with Desjardins, which includes a monthly payment of C$125,000 until the Short-Term Outside Date, set for March 31, 2025 [1][7] - The agreement postpones the payment of monthly fees for August 2024 through January 2025 to the earlier of the Short-Term Outside Date or March 31, 2025 [1][7] - The minimum cash covenant under the Desjardins Credit Facility has been increased to C$7,000,000 [7] Innovations and Patents - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, AD, and parking capabilities [4] - The company's technology aims to improve vehicle awareness, contributing to safer, more efficient, and sustainable global mobility [4] Market Position and Strategy - LeddarTech seeks to become the most widely adopted sensor fusion and perception software solution in the automotive industry [4] - The company applies advanced AI and computer vision algorithms to create accurate 3D models of the environment, facilitating better decision-making and safer navigation [3]

Core Insights - LeddarTech is expanding its presence in Europe by participating in three major industry events in March and April 2025, showcasing its AI-based sensor fusion and perception software technology, LeddarVision, aimed at enhancing automotive safety and efficiency [1][2][6] Event Highlights - At Embedded World, LeddarTech will demonstrate advancements in perception and sensor fusion, contributing to the SOAFEE ecosystem with adaptable solutions utilizing Arm technology on AWS G5g [3] - Tech.AD Europe will feature live demonstrations of LeddarNavigator, allowing participants to experience the real-time performance of LeddarVision "Full Surround" (LVS-2+), building on its recognition from CES 2025 [4] - Hannover Messe 2025 will see LeddarTech as part of the Canadian delegation, showcasing innovations through 360° virtual reality demonstrations and engaging with industry leaders [5] Company Developments - LeddarTech recently achieved a significant milestone by being selected by a global commercial vehicle OEM for its ADAS program in model year 2028 vehicles, reinforcing its commitment to technological excellence [2][6] - The company has over 170 patent applications, with 87 granted, focusing on enhancing ADAS, autonomous driving, and parking capabilities [11] - LeddarTech's technology aims to improve global mobility by making it safer, more efficient, sustainable, and affordable [11]

Core Viewpoint - LeddarTech Holdings Inc. has been selected by a leading global commercial vehicle manufacturer to provide its LeddarVision software for advanced driver assistance systems (ADAS) in their 2028 model, marking a significant milestone for the company [1][2]. Group 1: Company Developments - LeddarTech's LeddarVision technology stands out due to its performance and efficiency in multi-modal sensor systems, including cameras and radar, and its adaptability to various vehicle types and sensor configurations [2]. - The company anticipates starting to generate engineering service revenue from this design in 2025 and expects to receive royalties per vehicle by the end of 2027 [2]. - The recent collaboration with a major commercial vehicle OEM follows a previous agreement with Texas Instruments, indicating a shift in the industry towards low-level fusion models pioneered by LeddarTech [2]. Group 2: Technology and Innovation - LeddarVision provides an environmental template that enhances driver safety and enables higher levels of autonomy, utilizing advanced AI and sensor fusion technologies [2]. - The company has filed over 170 patents related to remote sensing innovations, with 87 granted, aimed at improving ADAS, automated driving, and parking functionalities [3]. - LeddarTech's software applications leverage AI and computer vision algorithms to create accurate 3D environmental models, facilitating better decision-making and safer navigation [3]. Group 3: Market Position - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution, driven by the need for safer, more efficient, and sustainable global transportation [3].

Financial Performance - Net loss for the three months ended December 31, 2024, was CAD 26,468,384, compared to a net loss of CAD 60,443,759 for the same period in 2023, indicating a 56.2% improvement[12]. - For the three months ended December 31, 2024, LeddarTech reported a net loss of $26,468,384, a significant improvement from a net loss of $60,443,759 in the same period of 2023, representing a reduction of approximately 56%[16]. - The company reported a net loss attributable to equity holders of CAD 26,468,384 for the three months ended December 31, 2024, compared to CAD 60,141,447 in the prior year[106]. - The basic and diluted loss per common share for the three months ended December 31, 2024, was CAD 0.84, compared to CAD 16.76 for the same period in 2023[106]. - For the three months ended December 31, 2024, the loss from continuing operations attributable to equity holders of the parent was CAD 27,012,664, a significant improvement from CAD 61,188,116 in the same period of 2023[106]. Assets and Liabilities - Total assets increased to CAD 32,126,519 as of December 31, 2024, up from CAD 18,927,222 on September 30, 2024, representing a growth of 69.5%[5]. - Total current liabilities rose to CAD 42,077,258 as of December 31, 2024, compared to CAD 25,929,538 on September 30, 2024, an increase of 62.2%[5]. - Long-term debt increased to CAD 86,278,352 from CAD 79,306,811, marking an increase of 8.3%[5]. - Shareholders' deficiency increased to CAD (98,569,206) as of December 31, 2024, from CAD (88,634,694) on September 30, 2024[5]. - As of December 31, 2024, total debt amounted to CAD 102,447,503, an increase from CAD 89,220,430 as of September 30, 2024, reflecting a growth of approximately 14%[38]. Cash Flow and Reserves - Cash reserves rose significantly to CAD 17,733,753 from CAD 5,269,084, an increase of 235.5%[5]. - The company had a cash balance of $17,733,753 as of December 31, 2024, down from $29,187,636 at the end of 2023, indicating a decrease of about 39%[16]. - LeddarTech incurred net cash outflows related to operating activities of $5,427,024 for the quarter, compared to $21,573,892 in the prior year, reflecting a decrease of approximately 75%[16]. - The company reported a net cash outflow of $80,176 related to investing activities, a decrease from $1,242,814 in the same quarter of 2023[16]. - LeddarTech's financing activities generated a net cash inflow of $17,971,869, a decrease from $47,629,803 in the previous year, indicating a reduction of approximately 62%[16]. Research and Development - Research and development costs increased to CAD 5,465,396 in Q4 2024, up from CAD 2,677,689 in Q4 2023, reflecting a 104.5% rise[12]. - The company recorded a contract liability of CAD 7,194,500 related to government assistance and R&D tax credits receivable for the three months ended December 31, 2024[108]. Strategic Initiatives and Collaborations - LeddarTech entered into a strategic collaboration agreement with Texas Instruments, which includes a total payment of USD 9.89 million in advance royalties, with an initial payment of USD 5 million received on December 12, 2024[110][111]. - LeddarTech has been selected by a leading commercial vehicle OEM for its ADAS program, with revenue expected to begin in 2025 for engineering services and per-vehicle royalty revenue anticipated in late 2027[116][117]. Shareholder and Equity Information - As of December 31, 2024, the total number of common shares outstanding is 36,989,799, with a total value of $528,398,874[73]. - The company issued 6,595,000 common shares under the Standby Equity Purchase Agreement (SEPA) in December 2024, generating net proceeds of $14.4 million[76]. - The acquisition of Vayavision increased the company's interest from 60% to 100%, with a purchase price of $57,724 settled in common shares[79]. - The company issued 2,031,250 Class A non-voting special shares valued at $10,115,625 upon the acquisition of Prospector[80]. - The total carrying value of shares issued and outstanding as of December 31, 2024, is $561,474,499, including various classes of preferred shares[84]. Stock Options and Compensation - For the three months ended December 31, 2024, stock-based compensation expenses amounted to $576,907 for options, $739,482 for RSUs, and $362,301 for PSUs[96][99][102]. - The company has a total of 1,408,600 stock options outstanding as of December 31, 2024, after a net decrease of 30,000 options[96]. - The company recognized a gain on modification of stock options amounting to $5,985,250 due to the replacement of M-options[87]. - The company has 1,209,096 RSUs outstanding as of December 31, 2024, after exercising 304,973 RSUs during the period[99]. - The company has established an Equity Incentive Plan allowing for the issuance of up to 5,000,000 shares to qualified individuals[90]. Debt and Financing - The convertible loan has a weighted average effective interest rate of 23.36%, with a principal amount of CAD 45,554,434 as of December 31, 2024, up from CAD 40,309,902[38]. - The company closed a bridge financing in August 2024 for an aggregate principal amount of USD 9.0 million, with Tranche 1 issued at a discount of 25%[56]. - The PIPE Convertible Notes have a principal amount of at least USD 43.0 million, with a conversion option priced at USD 10.00 per common share[39]. - The company issued warrants to purchase common shares at USD 0.01 per share, with a total of 250,000 shares issued following the exercise of these warrants[50]. - As of December 31, 2024, the warrant liability totaled CAD 2,513,147, reflecting a revaluation increase of CAD 1,883,641 since September 30, 2024[69]. - The company has a bridge loan with a maturity conversion option allowing conversion at a price of CAD 5.00 per common share[61]. - The amendments to the credit facility included extending the minimum cash requirement from CAD 5.0 million to CAD 250,000 until August 14, 2024[48]. - Unpaid interests of CAD 1,578,849 were recorded as accrued liabilities as of December 31, 2024[54]. - The company has a total of 17,465,750 warrants outstanding, with an exercise price of USD 11.50 per common share[65]. Market and Listing Information - The company has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 6, 2025[118][119].