Summary by Futu AI
LeddarTech reported FY2024 net loss of $166.2M, including $69.3M impairment charges and $59.1M listing expenses. Revenue increased 142% to $0.5M from continuing operations. The company's cash position was $5.3M as of September 30, 2024.In December 2024, LeddarTech entered into a strategic collaboration with Texas Instruments, securing approximately $10M in advance royalties, with $5M already received. The company also raised $9M through a share issuance under its SEPA agreement.To address liquidity concerns, LeddarTech secured a $9M bridge financing and amended its credit facility terms. The company is implementing cost management initiatives while seeking additional capital of $35M or more. Management acknowledges material uncertainty about the company's ability to continue as a going concern without raising substantial additional capital.