Financial outcomes announced for FY24 by LeddarTech

LeddarTech, a global software company headquartered in Quebec City, has announced the adoption of two new non-IFRS financial measures - EBITDA (loss) and Adjusted EBITDA (loss) - in Q2-2024. These measures are used to explain LeddarTech's results and are not considered alternatives to net loss in measuring performance or used as a measure of cash flow.

The company's focus remains on making global mobility safer, more efficient, sustainable, and affordable. Better awareness around vehicles is critical to achieving this goal, and LeddarTech is at the forefront of this mission. With its automotive-grade software, the company utilises advanced AI and computer vision algorithms to generate accurate 3D models of the environment, enabling better decision-making and safer navigation.

LeddarTech's technology is available to Original Equipment Manufacturers (OEMs) and Tier 1-2 suppliers for the efficient implementation of automotive and off-road vehicle Advanced Driver-Assistance Systems (ADAS) solutions. The company holds over 170 patent applications, 87 of which have been granted, enhancing ADAS, autonomous driving (AD), and parking capabilities.

In addition to its technological advancements, LeddarTech has been making strides in research and development. The company has R&D centres in Montreal and Tel Aviv, Israel. However, the specific customers who have completed successful proof-of-concepts with LeddarTech in fiscal year 2024 have not been publicly disclosed.

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. 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-based compensation, listing expense, transaction costs, restructuring costs, and impairment loss on intangible assets.

As LeddarTech continues to innovate and shape the future of global mobility, it remains committed to transparency and providing stakeholders with a clear understanding of its financial performance.