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LeddarTech Holdings Inc. (Nasdaq: LDTC) is a pioneering automotive software company based in Quebec City, known for its groundbreaking AI-based low-level sensor fusion and perception software solutions. Since its inception in 2007, LeddarTech has been a driving force in the development and deployment of Advanced Driver Assistance Systems (ADAS) and autonomous driving (AD) applications. The company's flagship product, LeddarVision™, leverages advanced AI and computer vision algorithms to create accurate 3D models of the environment, enabling safer navigation and better decision-making for vehicles.
In recent years, LeddarTech has achieved significant milestones, including its business combination with Prospector Capital Corp. in December 2023, which marked the company's debut as a publicly traded entity. This strategic move has bolstered LeddarTech's financial position, providing $49 million in gross cash proceeds to fuel further innovation and growth.
The company's innovative technologies have earned it a strategic licensing agreement with Renesas Electronics America Inc. for the commercialization of programmable system-on-chip (SoC) product families. LeddarTech's collaboration with Renesas underscores its pivotal role in advancing the automotive industry's shift towards ADAS and AD solutions.
In addition to its technological developments, LeddarTech has cultivated partnerships with industry giants like Arm Holdings plc and Immervision Inc. These collaborations aim to enhance the efficiency and cost-effectiveness of perception model training for ADAS and AD applications, paving the way for a safer, more autonomous future.
LeddarTech's commitment to innovation is reflected in its extensive portfolio of over 160 patent applications (87 granted), focusing on enhancing ADAS, AD, and parking capabilities. The company's advanced AI-driven software is designed to be scalable and cost-effective, catering to the needs of OEMs and Tier 1-2 suppliers globally.
The company's strategic initiatives and product launches have garnered attention at prestigious industry events, including CES 2024 and the Embedded World exhibition and conference. LeddarTech continues to demonstrate its cutting-edge technology, showcasing how its solutions integrate seamlessly with other industry-leading technologies to deliver superior performance and reliability.
With a strong leadership team and a clear vision for the future, LeddarTech is well-positioned to lead the charge in making global mobility safer, more efficient, and sustainable. For more information about LeddarTech, visit www.LeddarTech.com and follow the company on LinkedIn, Twitter (X), Facebook, and YouTube.
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software, announces its participation in three major European events in March-April 2025. The company will showcase its LeddarVision™ technology at Embedded World (Nuremberg), Tech.AD Europe (Berlin), and Hannover Messe 2025.
This European tour follows LeddarTech's recent milestone of being selected by a global commercial vehicle OEM for its ADAS program in 2028 model year vehicles. The company will demonstrate LeddarVision Surround solutions using Arm technology on AWS G5g at Embedded World, conduct live LeddarNavigator demonstrations at Tech.AD Europe, and present 360° virtual reality demonstrations at Hannover Messe as part of the Canadian delegation.
LeddarTech Holdings (Nasdaq: LDTC) announced its fiscal Q1 2025 financial results, highlighting significant developments including their first OEM design win from a major commercial vehicle OEM for 2028 model year vehicles. The company received US$8 million in advanced royalty payments from Texas Instruments as part of their collaboration agreement.
Financial highlights for Q1 2025 ending December 31, 2024, show revenue from continuing operations at $51,900, with a net loss of $27.0 million, representing a 56% decrease from the previous year's $61.5 million loss. The company's adjusted EBITDA loss increased by 11% to $11.1 million.
LeddarTech raised US$11.3 million under a standby equity purchase agreement and maintains a robust pipeline of over 30 active opportunities with OEMs and Tier 1 automotive suppliers. As of December 31, 2024, the company's cash and cash equivalents totaled $17.7 million, with approximately $15.9 million as of February 10, 2025.
LeddarTech Holdings (Nasdaq: LDTC) announced the transfer of its securities listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective February 6, 2025. The company's Common Shares and warrants will continue trading under symbols 'LDTC' and 'LDTCW' respectively.
The transfer follows previous notifications from Nasdaq regarding non-compliance with certain Global Market listing requirements. LeddarTech has either resolved these deficiencies or met Nasdaq Capital Market standards. The company recently achieved a significant business milestone with LeddarVision, its AI-based fusion and perception software solution, being selected by a major commercial vehicle OEM for their ADAS program in 2028 model year vehicles.
LeddarTech (NASDAQ: LDTC) has announced its first major OEM design win, with a leading global commercial vehicle manufacturer selecting LeddarVision as their fusion and perception software supplier for 2028 model year vehicles. The selection comes after a comprehensive market evaluation, where LeddarVision stood out for its superior performance in multi-modal sensor systems.
The project begins immediately, with revenue expected to start in 2025 through engineering services, followed by per-vehicle royalty revenue in late 2027. This milestone follows LeddarTech's recent collaboration with Texas Instruments, which included nearly $10 million in pre-paid royalties.
The LeddarVision platform utilizes AI and sensor fusion technology to enhance driver safety and enable greater vehicle autonomy, helping OEMs meet industry safety standards while addressing consumer demands for advanced ADAS features.
LeddarTech Holdings (Nasdaq: LDTC), an automotive software company specializing in AI-based sensor fusion and perception software, has announced key amendments to its financing agreements. The company entered into a fifteenth amending agreement with Desjardins, which includes:
- Postponement of interest payments from July through December 2024 until the earlier of receiving minimum gross proceeds of US$35M from equity investments or February 28, 2025
- Temporary reduction of minimum cash covenant to C$1M, reverting to C$5M after the specified period
- Implementation of a C$125,000 monthly payment to Desjardins
Additionally, LeddarTech modified its bridge financing agreement with Bridge Lenders, extending the maturity date to February 28, 2025 or the business day following receipt of the equity investments.
LeddarTech (NASDAQ: LDTC) has concluded its participation at CES 2025, marking significant achievements including receipt of a US$3 million pre-paid royalty payment. This payment follows the successful demonstration of LeddarVision Surround (LVS-2+) software using Texas Instruments' TDA4VH-Q1 processor, part of a licensing agreement announced in December 2024.
At CES 2025, the company showcased its LVS-2+ software stack designed for L2/L2+ highway and city ADAS applications, conducting demonstrations and meetings with OEMs, Tier 1 suppliers, and strategic partners. The technology aims to help manufacturers meet 5-star NCAP 2025/GSR 2022 requirements cost-effectively.
The company reports collecting customer leads and initiating potential new partnerships during the event. LeddarTech currently holds 87 granted patents out of 170 applications, positioning itself in the automotive software industry with its AI-based sensor fusion and perception technology.
LeddarTech Holdings Inc. (Nasdaq: LDTC) will showcase its LeddarVision Surround-View (LVS-2+) at CES 2025 in Las Vegas. LVS-2+ is a comprehensive surround-view ADAS L2/L2+ highway/city software stack featuring 5V5R sensor fusion technology for enhanced vehicle detection and safety features.
The system supports speeds up to 160 km/h with a 200m range, operating on urban and rural roads in various conditions. The hardware configuration includes an 8 Mpx front camera, four 2-3 Mpx surround cameras, and five radars, powered by TI TDA4VH-Q1 processor.
At CES, LeddarTech will offer interactive demonstrations including a LeddarVision Dashboard, 360° Virtual Reality Experience, and live on-road demonstrations. The company will also showcase collaborations with Texas Instruments and Arm, demonstrating LVS-2+ capabilities on TI's processor and Arm-powered AWS G5g platform.
LeddarTech Holdings (NASDAQ: LDTC) announced its fiscal year 2024 results ended September 30, 2024. Key highlights include a strategic collaboration with Texas Instruments, involving royalty payments totaling US$10 million, with the first US$5 million tranche received in December. Revenue from continuing operations was $0.5 million, up from $0.2 million in FY2023. The company reported a net loss of $167.3 million, which includes a $69.3 million non-cash impairment charge and $59.1 million in listing expenses.
The company's cash balance as of December 17, 2024, was $20.8 million, bolstered by approximately C$23.9 million raised through various sources. LeddarTech responded to RFI/RFQs worth approximately $700 million in software sales value and conducted over 50 joint customer demonstrations during Q4.
LeddarTech Holdings (Nasdaq: LDTC), a company specializing in AI-based automotive software for ADAS, AD, and parking applications, has announced an upcoming Investor and Business Update conference call and webcast scheduled for December 18, 2024 at 8:00 a.m. EST.
The event will feature presentations from Frantz Saintellemy, President and CEO, and Chris Stewart, CFO. Investors can join via phone using (646) 307-1963 in the U.S. or (800) 715-9871 for international calls, with conference ID 1293674. A live webcast will also be available and archived on LeddarTech's Investor Relations website.
LeddarTech Holdings (Nasdaq: LDTC) has received the first full installment of advanced royalty payments from Texas Instruments (TI) under their strategic collaboration and software license agreement announced on December 9, 2024. The agreement aims to develop an integrated platform solution for ADAS and autonomous driving markets.
Following this payment, conditions have been met in both the Fourteenth Amending Agreement with Desjardins and the Second Amending Agreement with Bridge Lenders, establishing the short-term outside date as January 31, 2025. These amendments were related to the company's credit facility and bridge financing arrangements.
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