Core Insights - LeddarTech Holdings Inc. has made significant progress in its strategic plan, including a collaboration with Texas Instruments and a design win from a major commercial vehicle OEM, indicating strong validation of its products in the automotive sector [2][4]. Recent Business and Technology Highlights - The company has over 30 active opportunities with OEMs and Tier 1 suppliers, focusing on enhancing safety features and meeting regulatory requirements [4]. - LeddarTech is developing two new revenue-generating products aimed at accelerating the adoption of its LeddarVision technology [4]. Financial Highlights - For the fiscal first quarter of 2025, LeddarTech reported revenue of $51.9 million, slightly down from $52.0 million in the same quarter of the previous year [5]. - The net loss for the quarter was $27.0 million, a significant reduction of 56% compared to a net loss of $61.5 million in Q1 2024, primarily due to non-recurring transaction costs [6]. - EBITDA loss decreased to $22.1 million from $60.3 million year-over-year, representing a 63% improvement [7]. - Adjusted EBITDA loss was reported at $11.1 million, an increase of 11% compared to $8.6 million in Q1 2024, mainly due to changes in capitalized development costs [8]. Cash and Liquidity - As of December 31, 2024, LeddarTech's cash and cash equivalents totaled $17.7 million, up from $5.3 million at the end of September 2024 [11]. - The company raised approximately $5.9 million post-quarter, including $3 million from Texas Instruments and $1.1 million from stock sales [11]. Certification and Market Position - LeddarTech received ISO/IEC 27001 certification, enhancing its credibility with automotive customers [7]. - The company successfully demonstrated its LeddarVision Surround software at the 2025 Consumer Electronics Show, showcasing its technological advancements [7].

Core Points - LeddarTech Holdings Inc. has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 6, 2025 [1][2] - The transfer follows notifications from Nasdaq regarding non-compliance with continued listing requirements, which the company has addressed [2] - The company is optimistic about its growth, highlighted by the selection of its LeddarVision software by a leading commercial vehicle OEM for their ADAS program for 2028 model year vehicles [3] Company Overview - LeddarTech, founded in 2007 and headquartered in Quebec City, specializes in AI-based low-level sensor fusion and perception software for ADAS, autonomous driving, and parking applications [4] - The company holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS and autonomous driving capabilities [5] - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution, contributing to safer and more efficient global mobility [5]

Core Insights - LeddarTech has been selected by a leading global commercial vehicle manufacturer for its LeddarVision software for the 2028 model year vehicles, marking a significant milestone for the company [1][2] - The selection follows a comprehensive evaluation of market solutions, with LeddarVision being recognized for its superior performance in multi-modal sensor systems [2] - Revenue from this design win is expected to start in 2025 for engineering services, with per-vehicle royalty revenue anticipated in late 2027 [2] Company Overview - LeddarTech, founded in 2007 and headquartered in Quebec City, specializes in AI-based low-level sensor fusion and perception software for ADAS, autonomous driving, and parking applications [4] - The company has over 170 patent applications, with 87 granted, focusing on enhancing ADAS and autonomous driving capabilities [5] - LeddarTech aims to become the most widely adopted sensor fusion and perception software solution, contributing to safer and more efficient global mobility [5] Industry Context - The recent collaboration with Texas Instruments, involving close to US$ 10 million in pre-paid royalties, highlights the industry's shift towards low-level fusion technology [3] - LeddarTech's technology enables cost-effective deployment of L2/L2+ ADAS, addressing the growing demand for advanced safety features in vehicles [3] - The company's advancements in AI and sensor fusion technology are crucial for automotive OEMs to meet stringent safety standards and consumer expectations [3]

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] Financial Agreements - LeddarTech has entered into the Fifteenth Amending Agreement with Desjardins, which includes a monthly payment of C$125,000 until February 28, 2025, with postponement of payments for August 2024 to January 2025 [1][7] - The agreement also temporarily postpones interest payments for July to December 2024 until the earlier of a minimum gross proceeds of US$35,000,000 or February 28, 2025, and reduces the minimum cash covenant to C$1,000,000 until the same date [7] - A third amending agreement has been made with bridge lenders to extend the maturity of the bridge loan to February 28, 2025, or the business day following the Short-Term Outside Date [7] Technology and Innovation - LeddarTech holds over 170 patent applications, with 87 granted, focusing on enhancing ADAS, autonomous driving, and parking capabilities [4] - The company's technology aims to improve vehicle awareness, contributing to safer, more efficient, and sustainable mobility solutions [4] Market Position - LeddarTech's software solutions are designed for OEMs and Tier 1-2 suppliers, facilitating the implementation of automotive and off-road vehicle ADAS solutions [3][4] - The company seeks to become the most widely adopted sensor fusion and perception software solution in the market [4]

Core Insights - LeddarTech Holdings Inc. has received a pre-paid royalty payment of US$ 3 million as part of its licensing agreement with Texas Instruments, following a successful demonstration of its LeddarVision Surround (LVS-2) software at CES 2025 [2][3] - The company showcased its advanced software stack for ADAS applications, which aims to meet stringent safety benchmarks in the automotive industry [3][5] - LeddarTech is positioned to lead in the development of AI-based sensor fusion and perception software, with over 170 patent applications filed [6][9] Strategic Partnerships - The partnership with Texas Instruments focuses on integrating LeddarTech's LeddarVision software into TI's processor portfolio, enhancing solutions for ADAS and autonomous driving markets [2][4] - The collaboration is expected to drive innovation and deliver advanced solutions to automotive OEMs and Tier 1 suppliers [2][4] Market Reception - The positive reception at CES 2025 indicates strong customer interest and demand for LeddarTech's AI platform software, which aims to reduce road casualties [5][6] - The company engaged in high-level meetings and demonstrations during CES, leading to potential new partnerships within the automotive sector [4][5] Future Outlook - LeddarTech's CEO expressed confidence in the company's future, highlighting strategic partnerships, customer traction, and new product developments as key growth drivers [7] - The company aims to transform mobility through innovative solutions that enhance safety, efficiency, and sustainability in transportation systems [6][7]

Stock Performance - LeddarTech Holdings (LDTC) shares surged 68.1% in the trailing six months, outperforming the Zacks Computer and Technology sector's return of 1.2% and the Internet - Software industry's appreciation of 9.8% [1] - LDTC outperformed its Internet - Software peer Appian (APPN), which gained 10.5% over the same period [1] Industry Trends - Rising demand for LiDAR and sensor fusion solutions driven by the growth of Advanced Driver Assistance Systems (ADAS), autonomous vehicles, and industrial automation is benefiting LDTC [2] Strategic Partnerships - LDTC's expanding partner base, including collaborations with Texas Instruments (TXN) and ARM Holdings PLC (ARM), strengthens its competitive position [3] - In December 2024, LDTC announced a collaboration and software license agreement with Texas Instruments to deliver an integrated platform combining LeddarVision AI-based sensor fusion software with TXN's TDA processors, accelerating ADAS and autonomous driving solutions [4] - LDTC's partnership with Arm leverages Arm Automotive Enhanced technology to accelerate AI-enabled ADAS and automated driving solutions [5] - Collaboration with Ficosa demonstrated LDTC's solutions for entry-level and premium Level 2/2+ ADAS applications, targeting stringent safety standards and advancing autonomous vehicle development [6] Financial Performance - The Zacks Consensus Estimate for fiscal 2025 revenues is $4.61 million, indicating a year-over-year increase of 24.19% [7] - The consensus mark for loss is 96 cents per share, an improvement from a loss of $1.02 per share over the past 30 days and $1.24 per share in the year-ago quarter [7] Investment Recommendation - LDTC currently sports a Zacks Rank 1 (Strong Buy), suggesting investors should consider accumulating the stock [8]

Financial Performance - Net loss from continued operations for FY2024 was $167.32 million, compared to $43.84 million in FY2023 and $75.42 million in FY2022, indicating a significant increase in losses [1033]. - Adjusted EBITDA loss from continuing operations improved to $30.40 million in FY2024 from $34.82 million in FY2023, and $41.36 million in FY2022, showing a positive trend [1033]. - The Company reported a foreign exchange loss of $399,827 in FY2024, compared to a gain of $224,057 in FY2023 and a loss of $2.75 million in FY2022, highlighting volatility in currency impacts [1033]. Financing and Capital Structure - The Company amended its Bridge Financing, extending the maturity to December 13, 2024, contingent upon receiving the first installment of the TI Pre-paid Royalty Fee [1041]. - The Desjardins Credit Facility was amended to align with the Bridge Facility, with an estimated repayment of approximately $7.1 million due upon completion of the Equity Financing [1042]. - The Company granted a hypothec of $60 million over its movable assets to Desjardins as part of its financing arrangements [1044]. - The company has issued a total of US$2.8 million in Bridge Financing, composed of US$0.9 million in Non-Convertible and US$1.9 million in Convertible Bridge Loans [1069]. - The company raised approximately US$9.0 million from the issuance of 5,490,000 Common Shares under the SEPA [1052]. - The company issued 5,490,000 common shares under the SEPA agreement, generating net proceeds of US$9.0 million [1100]. Internal Controls and Compliance - The Company identified material weaknesses in internal controls over financial reporting, which could affect the accuracy of financial statements [1033]. - The company has identified material weaknesses in its internal controls over financial reporting and is implementing a remediation plan [1064]. - The company has remediated its material weaknesses in internal control over financial reporting as of September 30, 2024 [1095]. - The company has implemented control activities to prevent or detect material misstatements, enhancing its control environment [1095]. - The company has committed to filing annual reports with the SEC, ensuring compliance with U.S. GAAP and other regulatory requirements [1037]. - The company qualifies as a "foreign private issuer" under SEC rules, allowing it to follow Canadian corporate governance practices [1065]. Strategic Collaborations - A strategic collaboration agreement was established with Texas Instruments to develop an integrated platform solution for ADAS and AD markets, with advanced royalty payments to support commercialization [1039]. - The company entered into collaboration and license agreements with Texas Instruments, which includes advanced royalty payments [1069]. Operational Developments - The Company is evaluating alternative ERP systems to better fit its long-term needs following upgrades to its current system [1036]. - The company started using new non-IFRS financial measures in Q2-2024 to better reflect ongoing operating results [1059]. - The company plans to attract and retain qualified directors, executive officers, employees, and consultants through its Omnibus Incentive Plan [1092]. - The company is focused on achieving corporate goals and rewarding exceptional performance through annual equity grants for executive officers [1091]. Future Projections and Risks - The company will remain an emerging growth company until it meets certain revenue or debt thresholds, including achieving total annual gross revenue of US$1.07 billion or more [1058]. - The company has identified risks related to its business and the need to raise substantial amounts of additional capital to address liquidity needs [1100]. - The company is exposed to interest rate risk primarily related to its long-term debt obligations with floating interest rates [1055]. Payments and Royalties - The company received an initial payment of US$5.0 million on December 12, 2024, as part of a total payment of approximately US$10 million in advance royalties [1097]. - A subsequent payment of US$3.0 million will follow the completion of the demonstrator, which is planned to debut at the Consumer Electronics Show in Las Vegas next month [1097]. - The final US$1.9 million of the advance royalties is contingent upon the execution of a client contract with an original equipment manufacturer (OEM) [1097].

LeddarTech Holdings Inc. (LDTC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The po ...

Core Insights - LeddarTech Holdings Inc. reported significant progress in fiscal year 2024, including a strategic collaboration with Texas Instruments, which is expected to enhance its market position in the ADAS and autonomous driving sectors [2][4]. Business and Technology Highlights - The company introduced LeddarNavigator demonstration vehicles in Europe and China, engaging with key OEMs and showcasing its LeddarVision technology [3]. - LeddarTech achieved ISO/IEC 27001 certification, strengthening its cybersecurity framework [3]. Financial Performance - Revenue from continuing operations for fiscal year 2024 was $0.5 million, an increase from $0.2 million in fiscal year 2023 [7]. - The net loss from continuing operations for fiscal year 2024 was $167.3 million, compared to a net loss of $43.8 million in fiscal year 2023 [7][20]. - Adjusted EBITDA loss for fiscal year 2024 was $30.4 million, an improvement from a loss of $34.8 million in fiscal year 2023 [8]. Customer Engagement - The company responded to RFI/RFQs with a total software sales value of approximately $700 million and launched new proof-of-concept projects with major partners [5]. Balance Sheet and Liquidity - As of September 30, 2024, LeddarTech's cash balance was $5.3 million, with a subsequent increase to approximately $20.8 million following recent financing activities [10].

QUEBEC CITY, Canada, Dec. 12, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased to announce that it will host an Investor and Business Update conference call and webcast on December 18, 2024 at 8:00 a.m. EST. Frantz Saintellemy, President and Chief Executive Officer, and Chris Ste ...