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 ...

QUEBEC CITY, Canada, Dec. 18, 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 financial results for its fiscal year 2024, which ended on September 30, 2024. "I am pleased to report our year-end fiscal 2024 results, completing our first year as a public company. We mad ...

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 ...

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™, today announced that it has received the first full installment of the advanced royalty payments provided under the strategic collaboration agreement and software license agreement entered into between LeddarTech and Texas Instruments (“TI”), as annou ...

QUEBEC CITY, Canada, Oct. 15, 2024 (GLOBE NEWSWIRE) -- LeddarTech® Holdings Inc. ("LeddarTech" or the "Company") (Nasdaq: LDTC), an automotive software company that provides patented disruptive AIbased low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announced today that the Company received the second tranche of the bridge loans (the "Bridge Loans") in an aggregate amount of US$3.0 million, which are part of a bridge financing in an aggregate ...

QUEBEC CITY, Canada, Oct. 04, 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 the conclusion of a strategic license agreement with Solid State LiDAR Protection Inc. This partnership grants Solid State LiDAR Protection the rights to produce and market LeddarTech's adv ...

加拿大魁北克市, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LeddarTech®Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC) 是一家汽车软件公司，为 ADAS、AD 和停车应用提供获得专利的颠覆性人工智能低级传感器融合和感知软件技术 LeddarVision™。该公司自豪地强调，Texas Instruments 和 Arm 在提升其开创性的 LeddarVision 产品方面做出了重要贡献。 LeddarTech 邀请客户在 AutoSens Europe 展会（2024 年 10 月 8 日至 10 日）上体验 LeddarNavigator 演示车，感受未来汽车创新技术的魅力。 本次最新成果的展示充分展示了该公司基于人工智能的先进传感器融合与感知软件 LeddarVision，彰显了行业领先的处理器技术所带来的变革力量。 此项软件技术依托 Texas Instruments 的 TDA4VE-Q1 处理器，并与 Arm 的汽车处理器实现了无缝集成，在性能和功能方面树立了新的标准。 Arm 和 TI 对于 LeddarVision 产品 ...

QUEBEC CITY, Canada, Oct. 03, 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, proudly highlights the critical contributions of Texas Instruments and Arm in enhancing its groundbreaking LeddarVision products. Customers are invited to experience the future of automotive innovation with Ledda ...

QUEBEC CITY, Canada, Sept. 18, 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 join Ficosa Internacional SA ("Ficosa"), a top-tier global provider devoted to the research, development, manufacturing and marketing of advanced technology vision, safety, connectivity and efficie ...