All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.LeddarTech Holdings Inc.is a public company listed on the Nasdaq under the ticker symbol "LDTC.” Continuing operationsQ2-2025 Q2-2024 Revenues$238,914 $122,101 Loss from operations(13,348,106)(12,570,811)Finance costs, net2,710,512 4,741,236 Loss before income taxes(15,948,479)(17,221,982)Net loss and comprehensive loss(15,961,864)(17,238,993)Net loss and comprehensive loss attributable to Shareholders of the Company(15,961,864)(17,238,993)Loss per share Net loss per share (basic and diluted) (in dollars)(0.42)(0.60)Weighted average common shares outstanding (basic and diluted)37,573,262 28,770,930 EBITDA (loss)(8,394,400)(14,011,179)Adjusted EBITDA (loss)(11,979,035)(8,729,399) The following table sets forth a reconciliation of adjusted EBITDA and EBITDA to net loss reported in accordance with IFRS for the three months ended March 31, 2025 and 2024. Q2-2025 Q2-2024 Net loss from continued operations($15,961,864)($17,238,993)Income taxes13,385 17,011 Depreciation of property and equipment146,882 91,626 Depreciation of right-of-use assets186,356 35,316 Amortization of intangible assets(92,832)180,248 Interest expenses7,313,673 2,903,613 EBITDA loss from continuing operations(8,394,400)(14,011,179) Foreign exchange gain(5,663)(13,188)Loss (gain) on revaluation of financial instrumentscarried at fair value(4,612,632)1,884,686 Gain on lease modification– (39,305)Stock-based compensation1,033,660 2,803,357 Transaction costs– 646,230 Adjusted EBITDA loss from continuing operations(11,979,035)(8,729,399) Non-IFRS Financial Measures A non-IFRS financial measure is a financial measure used to depict our historical or expected future financial performance, financial position or cash flow and, with respect to its composition, either excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in Company’s consolidated primary financial statements.
Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation, our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market, as well as: (i) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (ii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders, and timing of revenue, if any; (iii) our ability to timely access sufficient capital and financing on favorable terms or at all; (iv) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (v) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (vi) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (vii) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (viii) changes in general economic and/or industry-specific conditions; (ix) our ability to retain, attract and hire key personnel; (x) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (xi) legislative, regulatory and economic developments; (xii) the outcome of any known and unknown litigation and regulatory proceedings; (xiii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xiv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S.
Adjusted EBITDA (loss) is calculated as EBITDA (loss), adjusted for foreign exchange gain (loss), loss (gain) on revaluation of financial instruments carried at fair value, gain or loss on lease modification, share‐based compensation, listing expense, transaction costs, restructuring costs and impairment loss on intangible assets.____________________________1 All amounts in Canadian dollars except where otherwise noted.2 EBITDA and adjusted EBITDA are non-IFRS measures and are presented by the Company as they are used to assess operating performance.
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