LeddarTech Announces Financial Results for the First Quarter of Fiscal 2025

LeddarTech Makes Strides in Q1 2025

LeddarTech, a leading automotive software company, has announced its financial results for the first quarter of 2025, ending December 31, 2024. The company reported a net loss of $27.0 million, a figure that reflects the ongoing investments in research and development. However, the company's adjusted EBITDA loss was lower at $11.1 million.

In an effort to provide more transparency, LeddarTech started using two new non-IFRS financial measures, EBITDA and adjusted EBITDA, in Q2-2024. EBITDA is calculated as net earnings before interest expenses, deferred income taxes, depreciation of property and equipment, depreciation of right-of-use assets, and amortization of intangible assets. Adjusted EBITDA, on the other hand, is calculated as EBITDA, 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.

Despite the financial losses, LeddarTech has been making significant strides in its business operations. The company announced a collaboration and license agreement with Texas Instruments (TI), a premier semiconductor partner in the automotive space. As part of this agreement, TI made an additional US$3 million advance royalty payment to LeddarTech in the time period subsequent to the end of the quarter. Moreover, in January 2025, TI provided LeddarTech with US$8 million in advanced royalty payments.

LeddarTech also raised US$11.3 million under a standby equity purchase agreement (SEPA) in January 2025, and an additional US$1.1 million through the sale of stock issuance under the same agreement in the time period subsequent to the end of the quarter. This funding will support the company's growth initiatives and product development.

The company's efforts are paying off, as evidenced by its first OEM design win for LeddarVision from a major commercial vehicle OEM. LeddarTech also has a robust pipeline of over 30 active opportunities with original equipment manufacturers (OEMs) and Tier 1 automotive suppliers.

LeddarTech's commitment to security and data privacy is evident in its recent ISO/IEC 27001 certification. This internationally recognized standard demonstrates that LeddarTech has a robust Information Security Management System (ISMS) in place.

The company had a successful showing at the 2025 Consumer Electronics Show (CES), further solidifying its position in the automotive software industry. LeddarTech also announced its listing transfer to Nasdaq Capital Market in 2025, marking another significant milestone in the company's growth journey.

As of Monday, February 10, 2025, LeddarTech's consolidated cash and cash equivalents balance stood at approximately $15.9 million. The company is well-positioned to continue its growth trajectory and deliver value to its shareholders.