LeddarTech Holdings Inc. (LeddarTech), an automotive software company specializing in AI-based sensor fusion and perception technology, reported its financial results for the third fiscal quarter of 2024, ending June 30, 2024. The company announced revenues of $1.4 million, consistent with the previous year's quarter. Gross profit for the quarter was $537,435, a significant improvement from a gross loss of $66,127 in the same period last year. The net loss for the quarter was $7.5 million, compared to a net loss of $4.2 million in the previous year. Adjusted EBITDA loss was $7.8 million, compared to $5.3 million in the third quarter of 2023. The company's cash balance as of June 30, 2024, was $5.7 million. LeddarTech also announced an agreement in principle for a bridge debt financing of US$9.0 million to meet near-term obligations while seeking US$35.0 million or more in additional equity capital. The bridge financing is subject to the finalization of definitive agreements. The company's financial results reflect its ongoing operations and the impact of its recent business combination with Prospector Capital Corp.

LeddarTech Holdings Inc. (LeddarTech), an automotive software company specializing in AI-based sensor fusion and perception technology, reported its financial results for the third fiscal quarter of 2024, ending June 30, 2024. The company announced revenues of $1.4 million, consistent with the previous year's quarter. Gross profit for the quarter was $537,435, a significant improvement from a gross loss of $66,127 in the same period last year. The net loss for the quarter was $7.5 million, compared to a net loss of $4.2 million in the previous year. Adjusted EBITDA loss was $7.8 million, compared to $5.3 million in the third quarter of 2023. The company's cash balance as of June 30, 2024, was $5.7 million. LeddarTech also announced an agreement in principle for a bridge debt financing of US$9.0 million to meet near-term obligations while seeking US$35.0 million or more in additional equity capital. The bridge financing is subject to the finalization of definitive agreements. The company's financial results reflect its ongoing operations and the impact of its recent business combination with Prospector Capital Corp.