LeddarTech reported a significant 68.8% decrease in revenue to $0.2 million for FY2023, primarily due to lower engineering services revenue. Despite this, the company improved its net loss from $75.4 million in FY2022 to $43.8 million in FY2023. Operating expenses also saw a substantial reduction of 47.8% to $45.1 million in FY2023. As of September 30, 2024, the company held $5.3 million in cash.In recent developments, LeddarTech received ISO/IEC 27001 certification for information security management in September 2024. The company also entered into a strategic collaboration and software license agreement with Texas Instruments in December 2024, securing $10 million in advance royalty payments. Additionally, LeddarTech issued 5,490,000 common shares under a standby equity purchase agreement, netting $9.0 million through December 17, 2024.LeddarTech is transitioning to a pure-play automotive software business model, discontinuing certain hardware businesses. However, the company faces liquidity challenges and needs to raise substantial additional capital. It has undergone multiple amendments to its financing agreement with Desjardins and has a loan agreement with Investissement Quebec. The company filed its annual report on Form 20-F on December 26, 2024, including audited financial statements for the years ended September 30, 2022, 2023, and 2024.

LeddarTech reported a significant 68.8% decrease in revenue to $0.2 million for FY2023, primarily due to lower engineering services revenue. Despite this, the company improved its net loss from $75.4 million in FY2022 to $43.8 million in FY2023. Operating expenses also saw a substantial reduction of 47.8% to $45.1 million in FY2023. As of September 30, 2024, the company held $5.3 million in cash.In recent developments, LeddarTech received ISO/IEC 27001 certification for information security management in September 2024. The company also entered into a strategic collaboration and software license agreement with Texas Instruments in December 2024, securing $10 million in advance royalty payments. Additionally, LeddarTech issued 5,490,000 common shares under a standby equity purchase agreement, netting $9.0 million through December 17, 2024.LeddarTech is transitioning to a pure-play automotive software business model, discontinuing certain hardware businesses. However, the company faces liquidity challenges and needs to raise substantial additional capital. It has undergone multiple amendments to its financing agreement with Desjardins and has a loan agreement with Investissement Quebec. The company filed its annual report on Form 20-F on December 26, 2024, including audited financial statements for the years ended September 30, 2022, 2023, and 2024.