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]
LeddarTech Reports Second Quarter 2025 Financial Results