From GlobeNewswire: 2025-02-12 08:24:00

LeddarTech Holdings Inc., a Nasdaq-listed automotive software company, announced financial results for Q1 2025. Revenue was $51,900, with a net loss of $27.0 million, representing a 56% decrease from Q1 2024. LeddarTech received $8 million in advanced royalty payments from Texas Instruments and raised $11.3 million through a SEPA.

LeddarTech secured its first OEM design win for LeddarVision, with a leading commercial vehicle OEM selecting them as the fusion and perception software supplier for their ADAS program. This is expected to generate revenue starting in FY2025. The company also received ISO/IEC 27001 certification and successfully demonstrated LeddarVision Surround software at CES.

LeddarTech has over 30 active opportunities with OEMs and Tier 1 suppliers for ADAS solutions. The company plans to develop two new revenue-generating products in 2025 to accelerate LeddarVision adoption. Financially, LeddarTech reported a strong cash position of $17.7 million as of December 31, 2024, with $15.9 million as of February 10, 2025.

Key financial metrics for Q1 2025 include a net loss of $27.0 million, a 56% decrease from Q1 2024, and an EBITDA loss of $22.1 million, a 63% decrease from Q1 2024. Adjusted EBITDA loss was $11.1 million, an 11% increase from Q1 2024 due to changes in capitalized development costs. LeddarTech aims to continue growth with its innovative sensor fusion and perception software solutions for ADAS and autonomous driving applications.



Read more at GlobeNewswire:: LeddarTech Reports Fiscal First Quarter 2025 Financial