{"id":795707,"date":"2024-12-18T07:34:11","date_gmt":"2024-12-18T12:34:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/leddartech-reports-fy24-results\/"},"modified":"2024-12-18T07:34:11","modified_gmt":"2024-12-18T12:34:11","slug":"leddartech-reports-fy24-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/leddartech-reports-fy24-results\/","title":{"rendered":"LeddarTech Reports FY24 Results"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">QUEBEC CITY, Canada, Dec.  18, 2024  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jd5NX7saqbMqjCqw0Yg78j2oZtnyqP983YRgFeHmw_HeSbqPxfAuG0MRKqvcDIp1G7eT2MTH4pAGO-S_DGI0CQ==\" rel=\"nofollow\" target=\"_blank\">LeddarTech<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UH8mq1sylRYg1SXaZwI1fatlPALrrpuM9DeBS0CEZDF2L0UsqrmsZ5_Ux-o1N58H\" rel=\"nofollow\" target=\"_blank\"><sup>\u00ae<\/sup><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VgPw1Zoen1nqUvFbl-pd6NT8_YV3UfX0KyLUZaKOQPO3zc6iPnJFtu60sNZCM2xj_VljoBBNeFHQT7EYckIW9Q==\" rel=\"nofollow\" target=\"_blank\"> Holdings Inc.<\/a> (\u201cLeddarTech\u201d) (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9anOr0CkWk0ro17jJWCRigGqCQwCxAl46Hyw8V7wweE0TBgiWKqqBnDroIt7SOEAqtwmt4NQH7QAOr4OwlD6E2Nx1aqL5TugWc-8GMqFs_czWTJ3G6l5B9bosV0eBhgHraAwGr39e1SBGDFksrOq9Q==\" rel=\"nofollow\" target=\"_blank\">Nasdaq: LDTC<\/a>), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jd5NX7saqbMqjCqw0Yg78v1ZrnG6BC9yo5POBZx6ToQNQ_wA-5KjXp5XoaKXyh_nuGcabCWW_oC1MxHZm2AXazyVEqlq_fSa_EfIp7WWdC1UnpwG2xqvNaGebHQBW7Un\" rel=\"nofollow\" target=\"_blank\">LeddarVision<\/a>\u2122, for ADAS, AD and parking applications, is pleased to announce financial results for its fiscal year 2024, which ended on September 30, 2024.<\/p>\n<p align=\"justify\">\u201cI am pleased to report our year-end fiscal 2024 results, completing our first year as a public company. We made tremendous progress during 2024, culminating with the groundbreaking agreement with Texas Instruments that we announced on December 9, 2024. We reached several other significant milestones in 2024 and look forward to 2025, which we see as a year in which our substantial technical innovations will translate into customer wins,\u201d said Frantz Saintellemy, President and CEO of LeddarTech.<\/p>\n<p align=\"justify\">\n        <strong>Recent Business and Technology Highlights<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">\n          <strong>LeddarNavigator \u2013 Introduction of European and China LeddarVision Demonstration Vehicles:<\/strong> The company <a href=\"https:\/\/leddartech.com\/leddartech-launches-leddarnavigator-demo-car-in-europe\/\" rel=\"nofollow\" target=\"_blank\">introduced Leddar<strong>N<\/strong>avigator<\/a> demonstration vehicles in Europe and China and conducted simultaneous roadshows in September and October. This allowed the company to engage directly with key OEMs in one of the largest automotive markets, emphasizing the product\u2019s global applicability and impact. The company also participated in <a href=\"https:\/\/leddartech.com\/ai-driven-innovation-enhanced-at-autosens-with-ti-processors-and-arm-collaboration\/\" rel=\"nofollow\" target=\"_blank\">AutoSens Europe 2024<\/a> and Reuters Automotive, where they showcased the LeddarVision next-generation sensor fusion and perception software for ADAS and\u00a0AD.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">\n          <strong>LeddarTech Fortified Its Cybersecurity Framework with ISO\/IEC 27001 Certification<\/strong> \u2013 <a href=\"https:\/\/leddartech.com\/leddartech-is-awarded-iso-iec-27001-certification\/\" rel=\"nofollow\" target=\"_blank\">Press Release<\/a>.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Product and Industry Collaboration Announcements<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">\n          <strong>Texas Instruments Collaboration:<\/strong> On December 9, 2024, <a href=\"https:\/\/leddartech.com\/leddartech-announces-collaboration-with-ti\/\" rel=\"nofollow\" target=\"_blank\">LeddarTech announced<\/a> a strategic collaboration agreement and a software license agreement with <a href=\"https:\/\/www.ti.com\/applications\/automotive\/overview.html\/overview.html\" rel=\"nofollow\" target=\"_blank\">Texas Instruments<\/a> (\u201cTI\u201d) to enable a comprehensive, integrated platform solution for advanced driver assistance systems (ADAS) and autonomous driving (AD) markets. Under the license agreement, TI has agreed to make advanced royalty payments in three tranches totaling approximately US$10 million. The first tranche of US$5\u00a0million was received in early December and the second and third tranches are subject to achievement of certain milestones included in the licensing and collaboration agreements with TI. The collaboration and license agreements will enable TI to market a bundled solution that features LeddarTech\u2019s LeddarVision AI-based fusion and perception software stack pre-integrated and validated on TI\u2019s TDA scalable portfolio of Arm-based processors. LeddarTech and TI have worked closely for nearly two years to integrate LeddarTech\u2019s software with TI\u2019s hardware to create an open, comprehensive, high-performance and cost-efficient solution for ADAS and AD systems that can serve the entire automotive OEM landscape and their Tier\u00a01 suppliers. Feedback LeddarTech has received from OEMs and Tier\u00a01 suppliers has been overwhelmingly positive, solidifying its market potential.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Customer Traction (FYQ4)<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:1pt;text-align:justify\">Responded to RFI\/RFQs equivalent to approximately $700 million in software sales value.<\/li>\n<li style=\"margin-bottom:1pt;text-align:justify\">Delivered successful POC (proof-of-concepts) results to <a href=\"https:\/\/www.forvia.com\/en\" rel=\"nofollow\" target=\"_blank\">Forvia<\/a>.<\/li>\n<li style=\"margin-bottom:1pt;text-align:justify\">Launched a new POC project with <a href=\"https:\/\/www.arm.com\/\" rel=\"nofollow\" target=\"_blank\">Arm<\/a>.<\/li>\n<li style=\"margin-bottom:1pt;text-align:justify\">Over 50 joint customer demonstrations.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>Fiscal 2024 Financial Highlights<\/strong><br \/>\n        <sup><br \/>\n          <strong>1<\/strong><br \/>\n        <\/sup>\n      <\/p>\n<p align=\"justify\">As of the fiscal year end on September 30, 2024, we shipped the final last-time buy orders for LiDAR components and module products. Therefore, LiDAR results have been presented as discontinued operations for all periods reported in our financial statements and MD&amp;A.<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:1pt;text-align:justify\">\n          <strong>Revenue:<\/strong> Revenue from continuing operations for the fiscal year ending September 30, 2024 was $0.5\u00a0million, compared to revenue of $0.2\u00a0million in the fiscal year ending September 30, 2023. Note that reported revenue from continuing operations excludes $7.5\u00a0million in revenue from LiDAR components and module products that are now considered discontinued operations.<\/li>\n<li style=\"margin-bottom:1pt;text-align:justify\">\n          <strong>Net Loss:<\/strong> Net loss from continuing operations for the fiscal year ending September 30, 2024 was $167.3\u00a0million, compared to net loss of $43.8\u00a0million in the fiscal year ending September 30, 2023. Net loss includes a non-cash impairment charge of $69.3\u00a0million to goodwill and intangibles in F4Q24, and a non-cash charge of $59.1\u00a0million for listing expenses of common stock and warrants related to the company\u2019s December 2023 business combination. Note that reported net loss from continuing operations excludes $1.1\u00a0million in net income from discontinued operations.<\/li>\n<li style=\"margin-bottom:12pt;text-align:justify\">\n          <strong>EBITDA and Adjusted EBITDA<\/strong><br \/>\n          <sup><br \/>\n            <strong>2<\/strong><br \/>\n          <\/sup><br \/>\n          <strong>:<\/strong> EBITDA loss for the fiscal year ending September 30, 2024 was $157.2\u00a0million, compared to a $42.7\u00a0million loss in fiscal year 2023. Adjusted EBITDA loss for the fiscal year ending September 30, 2024 was $30.4\u00a0million, compared to adjusted EBITDA loss of $34.8\u00a0million in the fiscal year ending September\u00a030, 2023. The decrease in adjusted EBITDA loss is primarily attributable to a decrease in operating expenses.<\/p>\n<\/li>\n<\/ul>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:52%;width:52%;min-width:52%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>FY2024<\/strong>\n          <\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>FY2023<\/strong>\n          <\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q4-2024<\/strong>\n          <\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q4-2023<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Continuing operations<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:52%;min-width:52%;vertical-align: bottom\">\n            <strong>Revenues<\/strong>\n          <\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">$477,812<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">$197,556<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">$50,562<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">$52,002<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:52%;min-width:52%;vertical-align: bottom\">\n            <strong>Gross profit (loss)<\/strong>\n          <\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">477,812<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">197,556<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">50,562<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">52,002<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Loss from operations<\/strong>\n          <\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(164,329,669)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(44,948,815)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(77,534,655)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(8,191,997)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Finance costs, net<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">3,063,252<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(729,958)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">3,621,167<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">1,020,041<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Loss before income taxes<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(167,302,856)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(43,841,777)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(81,155,822)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(9,130,661)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Net loss and comprehensive loss<\/strong>\n          <\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(167,318,738)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(43,841,777)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(81,154,693)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(9,130,661)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Net loss and comprehensive loss attributable to Shareholders of the Company<\/strong>\n          <\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(167,016,426)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(40,409,465)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(81,154,693)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(8,187,045)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Loss per share<\/strong>\n          <\/td>\n<td style=\"vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Net loss per share (basic and diluted) (in dollars)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(7.33)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(241.09)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(2.72)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(48.85)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Weighted average shares outstanding (basic and diluted)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">22,774,782<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">167,610<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">29,865,648<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">167,610<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>EBITDA (loss)<\/strong>\n          <\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(157,229,931)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(42,738,031)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(78,200,618)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(8,176,144)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Adjusted EBITDA (loss)<\/strong>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(30,395,262)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(34,815,026)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(6,237,581)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(9,989,733)<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong><br \/>\n          <br \/>Balance Sheet and Liquidity<\/strong><br \/>\n        <sup><br \/>\n          <strong>1<\/strong><br \/>\n        <\/sup>\n      <\/p>\n<p align=\"justify\">As of September 30, 2024, LeddarTech\u2019s consolidated cash balance totaled $5.3\u00a0million, compared to $5.1\u00a0million on September 30, 2023. Subsequent to the end of the quarter, the company raised approximately C$23.9\u00a0million, using a recent exchange rate of 1.43\u00a0Canadian dollars per US dollar. This included a US$5\u00a0million advance royalty payment from Texas Instruments, US$2.8\u00a0million from additional bridge financing and US$9\u00a0million from the sale of stock issuance under our standby equity purchase agreement or SEPA. LeddarTech\u2019s cash balance as of Tuesday, December\u00a017, 2024 was approximately $20.8\u00a0million. The company believes it is well positioned to collect the second milestone payment in the amount of a US$3\u00a0million payment from Texas Instruments in early January 2025.<\/p>\n<p align=\"justify\">\n        <strong>About LeddarTech<\/strong>\n      <\/p>\n<p align=\"justify\">A global software company founded in 2007 and headquartered in Quebec City with additional R&amp;D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech\u2019s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.<\/p>\n<p align=\"justify\">LeddarTech is responsible for several remote-sensing innovations, with over 170\u00a0patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.<\/p>\n<p align=\"justify\">Additional information about LeddarTech is accessible at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RyvTmBQoFrJzEu52P5UfzUl8naab-u5eivdKsW79e6MW63ZEXXxhkmvo8-TSROAoYcwCaM2CmMDJYsDmL9YdA380fU89Nfdp3miqpqsIoYE=\" rel=\"nofollow\" target=\"_blank\">www.LeddarTech.com<\/a> and on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lZov9msVTlmnQbAZzURoBXaeHB9EhJZ2cwbpK42hxL29Mz4PWQvoU28PZZrYyCghSe6Tc27W_9rRUnCqNZPRPSvPK5NXxBbTrOHBoyywMRo=\" rel=\"nofollow\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=46XWANAi8itUvP165tJMhOC3fPmCJD2LZiWKRhlz23Vh4ycFITue1PI55thLQwHiim_y5GnmSqYdNh2AUycQSTPTHx-zkphVzSfHzr4W8tg=\" rel=\"nofollow\" target=\"_blank\">Twitter (X)<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AFea5edPXrcLp_SGFEaNL5nNQRuuQMS_EaP8VN8IfzriiGykMyT9R84qPyna0oj48bXguzE_TKyf2fQpJMDBQIB8g9-19SXPJmdWJeByrIg=\" rel=\"nofollow\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=j08Trh1PINhdUqJ8AgMF8Q-2D55gMj8W8PCJWOISVCic_DttT2_L6LFNBW1tkdBSywD-ANzCyRG1I-4wdfibN9f1X1tFy662RzbZIKWNJpY=\" rel=\"nofollow\" target=\"_blank\">YouTube<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Non-IFRS Financial Measures<\/strong>\n      <\/p>\n<p align=\"justify\">A non-IFRS financial measure is a financial measure used to depict our historical or expected future financial performance, financial position or cash flow and, with respect to its composition, either excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in Company\u2019s consolidated primary financial statements.<\/p>\n<p align=\"justify\">In Q2-2024, the Company started to use two new non-IFRS financial measures because we believe these non-IFRS financial measures are reflective of our ongoing operating results and provide readers with an understanding of management\u2019s perspective on and analysis of our performance.<\/p>\n<p align=\"justify\">Below are descriptions of the non-IFRS financial measures that we use to explain our results and reconciliations to the most directly comparable IFRS financial measures.<\/p>\n<p align=\"justify\">EBITDA (loss) is calculated as net earnings (loss) before interest expenses (income), deferred income taxes, depreciation of property and equipment, depreciation of right-of-use assets and amortization of intangible assets.<\/p>\n<p align=\"justify\">EBITDA (loss) should not be considered an alternative to net loss in measuring performance or used as a measure of cash flow.<\/p>\n<p align=\"justify\">Adjusted EBITDA (loss) is calculated as EBITDA (loss), adjusted for foreign exchange gain (loss), loss (gain) on revaluation of financial instruments carried at fair value, gain or loss on lease modification, share\u2010based compensation, listing expense, transaction costs, restructuring costs and impairment loss on intangible assets.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech\u2019s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cplan,\u201d \u201clikely,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend\u201d and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. 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\u2019s response to any of the aforementioned factors; and (xii) other risk factors as detailed from time to time in LeddarTech\u2019s reports filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), including the risk factors contained in LeddarTech\u2019s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. 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.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:52%;width:52%;min-width:52%;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>FY2024<\/strong>\n          <\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>FY2023<\/strong>\n          <\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q4-2024<\/strong>\n          <\/td>\n<td style=\"max-width:12%;width:12%;min-width:12%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Q4-2023<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Net loss from continued operations<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">($167,318,738)<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">($43,841,777)<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">($81,154,693)<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">($9,130,661)<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:52%;min-width:52%;vertical-align: bottom\">Deferred income taxes<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">15,882<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(1,129)<\/td>\n<td style=\"max-width:10%;min-width:10%;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Depreciation of property and equipment<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">738,081<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">1,274,597<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">122,967<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">45,087<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Depreciation of right-of-use assets<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">515,558<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">581,936<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">28,764<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">121,707<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Amortization of intangible assets<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">257,932<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">286,494<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(35,249)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(27,464)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Interest expenses (income)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">8,516,354<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(1,039,281)<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">2,838,721<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">815,186<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>EBITDA (loss) from continuing operations<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(157,229,931<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(42,738,031<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(78,200,618<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(8,176,144<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt;vertical-align: bottom;text-align: center;vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Foreign exchange loss (gain)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(399,827)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">224,057<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(715,237)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">152,381<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Loss (gain) on revaluation of financial instruments carried at fair value<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(5,553,010)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">21,100<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">934,095<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">35,654<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Gain on lease modification<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(204,146)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Loss on exercise of conversion options<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">366,957<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">366,957<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Stock-based compensation<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">1,715,512<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">2,436,974<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">2,015,588<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">777,957<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Listing expense<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">59,139,572<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Transaction costs<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">2,407,977<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">3,506,630<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">1,916,927<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Restructuring costs<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">46,387<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">1,734,244<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">46,387<\/td>\n<td style=\"padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(329,265)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Impairment loss related to intangible assets<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">69,315,247<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">69,315,247<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">(4,367,243)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\n            <strong>Adjusted EBITDA (loss) from continuing operations<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(30,395,262<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(34,815,026<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(6,237,581<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;vertical-align: bottom;text-align: center;vertical-align: middle\">\n            <strong>(9,989,733<\/strong><br \/>\n            <strong>)<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong><br \/>\n          <br \/>Contact:<\/strong><br \/>\n        <br \/>Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Holdings Inc. Tel.: + 1-418-653-9000 ext. 232 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Nby92Xsxk5NfEXdV9rvjzJz08iNuDVULhiHHOkaXktCBXcS0rEAU4y1kAdSufGO-nxCTnstW8A27gr0vtqevxsvFGbNfnel5iBaNHVEYNuk4yQ1RnMO3eT_Bypyy7Q7u\" rel=\"nofollow\" target=\"_blank\">daniel.aitken@LeddarTech.com<\/a><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>Investor relations website:<\/strong><br \/>\n          <a href=\"https:\/\/investors.leddartech.com\" rel=\"nofollow\" target=\"_blank\">investors.LeddarTech.com<\/a>\n        <\/li>\n<li style=\"text-align:justify\">\n          <strong>Investor relations contact:<\/strong> Kevin Hunt, ICR Inc. <a href=\"mailto:kevin.hunt@IcrInc.com\" rel=\"nofollow\" target=\"_blank\">kevin.hunt@icrinc.com<\/a><\/li>\n<li style=\"text-align:justify\">\n          <strong>Financial media contact:<\/strong> Dan Brennan, ICR Inc. <a href=\"mailto:Dan.Brennan@icrinc.com\" rel=\"nofollow\" target=\"_blank\">dan.brennan@icrinc.com<\/a><\/li>\n<\/ul>\n<p align=\"justify\">\n        <em>Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol \u201cLDTC.\u201d<\/em>\n      <\/p>\n<p>\n        <sup>1<\/sup>\u00a0\u00a0All amounts in Canadian dollars except where otherwise noted.<br \/><sup>2<\/sup>\u00a0\u00a0See Adjusted EBITDA definition under \u201cNon-IFRS Financial Measures\u201d below.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTAxMSM2NjQyNDc3IzIwODY0NTM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Yzk5NzZmMmItOTNlMy00YjgzLTg2YTEtY2ZkMmUxNTA1NjMyLTEwOTgwMjQ=\/tiny\/LEDDARTECH-HOLDINGS-INC-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>QUEBEC CITY, Canada, Dec. 18, 2024 (GLOBE NEWSWIRE) &#8212; LeddarTech\u00ae Holdings Inc. (\u201cLeddarTech\u201d) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision\u2122, for ADAS, AD and parking applications, is pleased to announce financial results for its fiscal year 2024, which ended on September 30, 2024. \u201cI am pleased to report our year-end fiscal 2024 results, completing our first year as a public company. We made tremendous progress during 2024, culminating with the groundbreaking agreement with Texas Instruments that we announced on December 9, 2024. We reached several other significant milestones in 2024 and look forward to 2025, which we see as a year in which our substantial technical innovations will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/leddartech-reports-fy24-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LeddarTech Reports FY24 Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795707","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LeddarTech Reports FY24 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/leddartech-reports-fy24-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LeddarTech Reports FY24 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"QUEBEC CITY, Canada, Dec. 18, 2024 (GLOBE NEWSWIRE) &#8212; LeddarTech\u00ae Holdings Inc. (\u201cLeddarTech\u201d) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision\u2122, for ADAS, AD and parking applications, is pleased to announce financial results for its fiscal year 2024, which ended on September 30, 2024. \u201cI am pleased to report our year-end fiscal 2024 results, completing our first year as a public company. We made tremendous progress during 2024, culminating with the groundbreaking agreement with Texas Instruments that we announced on December 9, 2024. 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