Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. FY2024FY2023Q4-2024Q4-2023Net loss from continued operations($167,318,738)($43,841,777)($81,154,693)($9,130,661)Deferred income taxes15,882-(1,129)-Depreciation of property and equipment738,0811,274,597122,96745,087Depreciation of right-of-use assets515,558581,93628,764121,707Amortization of intangible assets257,932286,494(35,249)(27,464)Interest expenses (income)8,516,354(1,039,281)2,838,721815,186EBITDA (loss) from continuing operations(157,229,931)(42,738,031)(78,200,618)(8,176,144) Foreign exchange loss (gain)(399,827)224,057(715,237)152,381Loss (gain) on revaluation of financial instruments carried at fair value(5,553,010)21,100934,09535,654Gain on lease modification(204,146)---Loss on exercise of conversion options366,957-366,957-Stock-based compensation1,715,5122,436,9742,015,588777,957Listing expense59,139,572---Transaction costs2,407,9773,506,630-1,916,927Restructuring costs46,3871,734,24446,387(329,265)Impairment loss related to intangible assets69,315,247-69,315,247(4,367,243)Adjusted EBITDA (loss) from continuing operations(30,395,262)(34,815,026)(6,237,581)(9,989,733) Contact:Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Holdings Inc.Tel.: + 1-418-653-9000 ext.232 daniel.aitken@LeddarTech.com Investor relations website: investors.LeddarTech.comInvestor relations contact: Kevin Hunt, ICR Inc.kevin.hunt@icrinc.comFinancial media contact: Dan Brennan, ICR Inc.dan.brennan@icrinc.com Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc.and its subsidiaries.
Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to timely access sufficient capital and financing on favorable terms or at all; (ii) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (iii) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (iv) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (v) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, projects, prospects and plans; (vi) changes in general economic and/or industry-specific conditions; (vii) our ability to retain, attract and hire key personnel; (viii) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (ix) legislative, regulatory and economic developments; (x) the outcome of any known and unknown litigation and regulatory proceedings; (xi) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xii) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S.
The decrease in adjusted EBITDA loss is primarily attributable to a decrease in operating expenses. FY2024FY2023Q4-2024Q4-2023Continuing operations Revenues$477,812$197,556$50,562$52,002Gross profit (loss)477,812197,55650,56252,002Loss from operations(164,329,669)(44,948,815)(77,534,655)(8,191,997)Finance costs, net3,063,252(729,958)3,621,1671,020,041Loss before income taxes(167,302,856)(43,841,777)(81,155,822)(9,130,661)Net loss and comprehensive loss(167,318,738)(43,841,777)(81,154,693)(9,130,661)Net loss and comprehensive loss attributable to Shareholders of the Company(167,016,426)(40,409,465)(81,154,693)(8,187,045)Loss per share Net loss per share (basic and diluted) (in dollars)(7.33)(241.09)(2.72)(48.85)Weighted average shares outstanding (basic and diluted)22,774,782167,61029,865,648167,610EBITDA (loss)(157,229,931)(42,738,031)(78,200,618)(8,176,144)Adjusted EBITDA (loss)(30,395,262)(34,815,026)(6,237,581)(9,989,733) Balance Sheet and Liquidity1 As of September 30, 2024, LeddarTech’s consolidated cash balance totaled $5.3 million, compared to $5.1 million on September 30, 2023.
The story "LeddarTech Reports FY24 Results" has 1352 words across 35 sentences, which will take approximately 6 - 12 minutes for the average person to read.
Which news outlet covered this story?
The story "LeddarTech Reports FY24 Results" was covered 4 days ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 1 news stories per day.
It's most recent story was published 11 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
