Financial outcomes for the second quarter of 2025 disclosed by LeddarTech

LeddarTech Announces Q2-2025 Financial Results

LeddarTech, an AI-powered software company specialising in low-level sensor fusion and perception solutions for Advanced Driver-Assistance Systems (ADAS), autonomous driving (AD), and parking applications, has announced its financial results for the second quarter ended March 31, 2025.

The company reported a net loss of $15,961,864, or ($0.42) per share, for the quarter, a decrease from a net loss of $17,238,993, or ($0.60) per share, in the same quarter the previous year. This improvement is partly due to a decrease in the EBITDA loss, which was ($8,394,400) in Q2-2025, compared to ($14,011,179) in Q2-2024. However, the adjusted EBITDA loss for the quarter was ($11,979,035), an increase from ($8,729,399) in Q2-2024.

LeddarTech's revenue for the quarter was $238,914, a significant increase from $122,101 in the same quarter the previous year. The company's financial results also include foreign exchange gains and losses, gains or losses on revaluation of financial instruments, gains or losses on lease modification, share-based compensation, listing expenses, transaction costs, restructuring costs, and impairment loss on intangible assets.

As of March 31, 2025, LeddarTech had a cash balance of approximately $9.2 million. However, as of May 8, 2025, the cash balance had declined to approximately $4.1 million. The company is required to maintain a minimum cash balance of $1.8 million at all times after April 1, 2025, and is obligated to raise an additional US$9.7 million in equity investments prior to May 23, 2025.

In the second quarter of 2025, LeddarTech achieved an OEM design win with the automobile manufacturer Honda for their Acura ZDX and MDX vehicle models. The company is also progressing OEM design win toward production for the 2028 model year vehicles of one of the world's leading commercial vehicle OEMs.

LeddarTech has a robust pipeline of over 30 active opportunities with original equipment manufacturers (OEMs), as well as Tier 1 and Tier 2 automotive suppliers. The company's innovative solutions are backed by over 190 patent applications (112 granted), which enhance ADAS, AD, and parking capabilities.

In addition, LeddarTech launched a next-generation simulation platform called LeddarSim. The company uses non-IFRS financial measures such as EBITDA and adjusted EBITDA to assess operating performance. However, it is important to note that these non-IFRS measures are being reported in order to complement, and not replace, the analysis of financial results in accordance with IFRS.

The company can be contacted via their website and various social media platforms including LinkedIn, Twitter, Facebook, and YouTube.

In conclusion, while LeddarTech reported a net loss for Q2-2025, the company saw improvements in certain areas and made significant progress in securing OEM design wins. The company's focus on innovation, coupled with its robust pipeline of opportunities, positions it well for future growth.