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LeddarTech Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-05-14 11:00
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 to Announce Second Quarter 2025 Financial Results and Host Investor and Business Update Call on May 14, 2025
Globenewswire· 2025-04-30 12:00
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]
LeddarTech Announces Receipt of Nasdaq Deficiency Notice
Globenewswire· 2025-03-21 20:30
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]