Financial Performance - Net loss for the three months ended December 31, 2024, was CAD 26,468,384, compared to a net loss of CAD 60,443,759 for the same period in 2023, indicating a 56.2% improvement[12]. - For the three months ended December 31, 2024, LeddarTech reported a net loss of $26,468,384, a significant improvement from a net loss of $60,443,759 in the same period of 2023, representing a reduction of approximately 56%[16]. - The company reported a net loss attributable to equity holders of CAD 26,468,384 for the three months ended December 31, 2024, compared to CAD 60,141,447 in the prior year[106]. - The basic and diluted loss per common share for the three months ended December 31, 2024, was CAD 0.84, compared to CAD 16.76 for the same period in 2023[106]. - For the three months ended December 31, 2024, the loss from continuing operations attributable to equity holders of the parent was CAD 27,012,664, a significant improvement from CAD 61,188,116 in the same period of 2023[106]. Assets and Liabilities - Total assets increased to CAD 32,126,519 as of December 31, 2024, up from CAD 18,927,222 on September 30, 2024, representing a growth of 69.5%[5]. - Total current liabilities rose to CAD 42,077,258 as of December 31, 2024, compared to CAD 25,929,538 on September 30, 2024, an increase of 62.2%[5]. - Long-term debt increased to CAD 86,278,352 from CAD 79,306,811, marking an increase of 8.3%[5]. - Shareholders' deficiency increased to CAD (98,569,206) as of December 31, 2024, from CAD (88,634,694) on September 30, 2024[5]. - As of December 31, 2024, total debt amounted to CAD 102,447,503, an increase from CAD 89,220,430 as of September 30, 2024, reflecting a growth of approximately 14%[38]. Cash Flow and Reserves - Cash reserves rose significantly to CAD 17,733,753 from CAD 5,269,084, an increase of 235.5%[5]. - The company had a cash balance of $17,733,753 as of December 31, 2024, down from $29,187,636 at the end of 2023, indicating a decrease of about 39%[16]. - LeddarTech incurred net cash outflows related to operating activities of $5,427,024 for the quarter, compared to $21,573,892 in the prior year, reflecting a decrease of approximately 75%[16]. - The company reported a net cash outflow of $80,176 related to investing activities, a decrease from $1,242,814 in the same quarter of 2023[16]. - LeddarTech's financing activities generated a net cash inflow of $17,971,869, a decrease from $47,629,803 in the previous year, indicating a reduction of approximately 62%[16]. Research and Development - Research and development costs increased to CAD 5,465,396 in Q4 2024, up from CAD 2,677,689 in Q4 2023, reflecting a 104.5% rise[12]. - The company recorded a contract liability of CAD 7,194,500 related to government assistance and R&D tax credits receivable for the three months ended December 31, 2024[108]. Strategic Initiatives and Collaborations - LeddarTech entered into a strategic collaboration agreement with Texas Instruments, which includes a total payment of USD 9.89 million in advance royalties, with an initial payment of USD 5 million received on December 12, 2024[110][111]. - LeddarTech has been selected by a leading commercial vehicle OEM for its ADAS program, with revenue expected to begin in 2025 for engineering services and per-vehicle royalty revenue anticipated in late 2027[116][117]. Shareholder and Equity Information - As of December 31, 2024, the total number of common shares outstanding is 36,989,799, with a total value of $528,398,874[73]. - The company issued 6,595,000 common shares under the Standby Equity Purchase Agreement (SEPA) in December 2024, generating net proceeds of $14.4 million[76]. - The acquisition of Vayavision increased the company's interest from 60% to 100%, with a purchase price of $57,724 settled in common shares[79]. - The company issued 2,031,250 Class A non-voting special shares valued at $10,115,625 upon the acquisition of Prospector[80]. - The total carrying value of shares issued and outstanding as of December 31, 2024, is $561,474,499, including various classes of preferred shares[84]. Stock Options and Compensation - For the three months ended December 31, 2024, stock-based compensation expenses amounted to $576,907 for options, $739,482 for RSUs, and $362,301 for PSUs[96][99][102]. - The company has a total of 1,408,600 stock options outstanding as of December 31, 2024, after a net decrease of 30,000 options[96]. - The company recognized a gain on modification of stock options amounting to $5,985,250 due to the replacement of M-options[87]. - The company has 1,209,096 RSUs outstanding as of December 31, 2024, after exercising 304,973 RSUs during the period[99]. - The company has established an Equity Incentive Plan allowing for the issuance of up to 5,000,000 shares to qualified individuals[90]. Debt and Financing - The convertible loan has a weighted average effective interest rate of 23.36%, with a principal amount of CAD 45,554,434 as of December 31, 2024, up from CAD 40,309,902[38]. - The company closed a bridge financing in August 2024 for an aggregate principal amount of USD 9.0 million, with Tranche 1 issued at a discount of 25%[56]. - The PIPE Convertible Notes have a principal amount of at least USD 43.0 million, with a conversion option priced at USD 10.00 per common share[39]. - The company issued warrants to purchase common shares at USD 0.01 per share, with a total of 250,000 shares issued following the exercise of these warrants[50]. - As of December 31, 2024, the warrant liability totaled CAD 2,513,147, reflecting a revaluation increase of CAD 1,883,641 since September 30, 2024[69]. - The company has a bridge loan with a maturity conversion option allowing conversion at a price of CAD 5.00 per common share[61]. - The amendments to the credit facility included extending the minimum cash requirement from CAD 5.0 million to CAD 250,000 until August 14, 2024[48]. - Unpaid interests of CAD 1,578,849 were recorded as accrued liabilities as of December 31, 2024[54]. - The company has a total of 17,465,750 warrants outstanding, with an exercise price of USD 11.50 per common share[65]. Market and Listing Information - The company has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 6, 2025[118][119].

Group 1 - LeddarTech Holdings Inc. reported a quarterly loss of $0.41 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.24, and a decline from earnings of $0.16 per share a year ago, indicating a significant earnings surprise of -70.83% [1] - The company posted revenues of $0.04 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 94.08%, and a decrease from year-ago revenues of $1.25 million [2] - LeddarTech shares have declined approximately 38.7% since the beginning of the year, contrasting with the S&P 500's gain of 3.2% [3] Group 2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend for estimate revisions for LeddarTech is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.24 on revenues of $0.9 million, and for the current fiscal year, it is -$0.96 on revenues of $4.61 million [7] Group 3 - The outlook for the Internet - Software industry, where LeddarTech operates, is currently in the top 29% of over 250 Zacks industries, indicating a positive industry environment that can impact stock performance [8]

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]

LeddarVision selected by a leading global commercial vehicle manufacturer for model year 2028 vehicles with immediate project startQUEBEC CITY, Canada, Feb. 03, 2025 (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 a major milestone: one of the world’s leading commercial vehicle OEMs (original equipment manufacturers) ...

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 ...