Welcome to our dedicated page for LeddarTech Holdings news (Ticker: LDTC), a resource for investors and traders seeking the latest updates and insights on LeddarTech Holdings stock.
LeddarTech Holdings Inc (LDTC) provides cutting-edge perception software for autonomous vehicles and advanced driver assistance systems (ADAS). This page serves as the definitive source for verified corporate updates, offering investors and industry professionals timely access to essential developments shaping the automotive technology sector.
Find comprehensive coverage of financial results, strategic partnerships, and technological breakthroughs related to LDTC's AI-driven solutions. Our curated news collection simplifies tracking the company's progress in developing safety-critical systems that power next-generation vehicles.
Key updates include product launch announcements, licensing agreements with automotive manufacturers, and regulatory milestones for autonomous driving technologies. All content undergoes rigorous verification to ensure accuracy and relevance for decision-makers.
Bookmark this page for streamlined access to LDTC's evolving role in enabling safer transportation through computer vision and machine learning innovations. Regular updates provide critical insights into the company's market position and technical advancements within the competitive automotive tech landscape.
LeddarTech Holdings Inc. (Nasdaq: LDTC), an automotive software company, has secured up to US$9.0 million in bridge financing from its principal shareholders and senior lender. The financing includes two tranches: US$6.0 million immediate funding and US$3.0 million to be funded around October 15, 2024. Additionally, US$1.5 million of existing convertible notes will be converted into common shares at US$2.00 per share, above the current market price.
The bridge loans from FS Investors and Investissement Québec have an initial conversion price of US$5.00 per share, representing a 852% premium above the August 16, 2024 closing price. The loans bear interest at the US base rate plus 4.00%, with a maturity date of November 15, 2024. This financing is considered a related-party transaction but is exempt from formal valuation and minority shareholder approval requirements due to the company's financial hardship.
LeddarTech Holdings Inc. (Nasdaq: LDTC), an automotive software company, reported financial results for its fiscal third quarter 2024 ended June 30, 2024. Key highlights include:
- Revenue: $1.4 million, unchanged from Q3 2023
- Gross profit: $537,435, compared to a loss of $66,127 in Q3 2023
- Net loss: $7.5 million, compared to $4.2 million in Q3 2023
- Adjusted EBITDA loss: $7.8 million, compared to $5.3 million in Q3 2023
The company made progress with OEM and Tier 1 customers, improved software maturity, and extended feature performance. LeddarTech also announced a potential US$9.0 million bridge financing and is seeking an additional US$35.0 million in equity financing.
LeddarTech Holdings Inc. (Nasdaq: LDTC), an automotive software company, has entered into an Eleventh Amending Agreement with Desjardins regarding its credit facility. The amendment temporarily reduces the required Minimum Cash Covenant and postpones interest payments until November 15, 2024, or earlier if certain conditions are met. The company is progressing discussions with shareholders and potential investors to secure financing, though success is not guaranteed.
Additionally, LeddarTech has received Nasdaq deficiency notices for failing to meet minimum bid price, market value of publicly held shares, and market value of listed securities requirements. The company has 180 days to regain compliance but cannot assure it will succeed or maintain other Nasdaq Global Market listing requirements.
LeddarTech (Nasdaq: LDTC) has unveiled the LeddarNavigator, a demo car showcasing advanced ADAS technology, for a European road show from July 25 to October 10, 2024. The vehicle features LeddarVision, an AI-based low-level sensor fusion and perception software family, addressing cost and performance challenges in L2/L2+ ADAS applications. Key products demonstrated include:
1. LVS-2+: A comprehensive solution for premium surround-view ADAS, scaling from 2V4R to 5V5R sensor configuration.
2. LVF-E: An innovative front-view stack supporting highway assist ADAS, using a single front camera and two short-range corner radars with Texas Instruments' TDA4VE processor.
These products aim to meet 5-star NCAP 2025/GSR 2022 safety standards while maximizing efficiency and minimizing costs.
LeddarTech Holdings Inc. (Nasdaq: LDTC), an automotive software company, has secured a Tenth Amending Agreement with Fédération des caisses Desjardins du Québec regarding its credit facility. This waiver temporarily reduces the required Minimum Cash Covenant to C$1.3 million from July 26, 2024, through August 5, 2024. After this period, the company must maintain a minimum cash balance of C$5.0 million.
LeddarTech is currently in discussions with shareholders and potential investors to secure financing, which may include funds for near-term obligations. However, there's no guarantee that the company will successfully complete this Financing Transaction. Any securities offered in this transaction may not be registered under the Securities Act of 1933.
LeddarTech (Nasdaq: LDTC), a company specializing in AI-based sensor fusion and perception software for the automotive industry, announced participation in two significant investor conferences in June 2024. CEO Frantz Saintellemy and CFO Chris Stewart will represent the company.
The company will first participate in the Maxim Group Virtual TMT Conference on June 4, 2024. Saintellemy will speak as a panelist on Automotive Sensing and Perception at 11:00 a.m. EDT.
Following this, LeddarTech will attend the Deutsche Bank Global Auto Industry Conference in New York on June 11-12, 2024. The company has scheduled individual investor meetings for June 12. LeddarTech aims to showcase its LeddarVision™ software, which enhances ADAS and autonomous driving applications through advanced AI and computer vision.
Founded in 2007, LeddarTech holds over 160 patent applications and serves OEMs and Tier 1-2 suppliers with scalable, cost-effective technology for better decision-making and safer navigation.
LeddarTech Holdings (Nasdaq: LDTC) reported its fiscal second quarter 2024 results, showing significant business and financial developments. Revenue increased to $1.9 million from $0.5 million year over year, driven by higher legacy LiDAR sales. Gross profit turned positive at $0.2 million, compared to a loss of $0.8 million in the same quarter last year. Operating expenses rose to $12.9 million due to higher stock-based compensation. Adjusted EBITDA loss improved to $8.8 million from $10.0 million. However, the net loss widened to $17.4 million, compared to $13.6 million the previous year. Key milestones include responding to RFI/RFQs worth $650 million and launching new projects with industry leaders like Texas Instruments. The company also released new software for its LeddarVision products, enhancing detection capabilities. As of March 31, 2024, cash reserves stood at $14.3 million, down from $29.2 million on December 31, 2023.
On May 15, 2024, LeddarTech Holdings Inc. will host an Investor and Business Update call featuring its President, CEO, and CFO. LeddarTech is an automotive software company that offers AI-based sensor fusion technology for various applications. Interested parties can join the call or webcast to learn more about the company's latest updates.
LeddarTech and Immervision have announced a collaboration to streamline perception model training for ADAS and AD. The joint effort aims to make the process faster, cost-effective, and less data-intensive. LeddarTech provides AI-based sensor fusion technology, while Immervision specializes in advanced vision systems. The partnership seeks to improve ADAS and AD perception training, allowing large-scale data re-usability and reducing development time and costs. The companies plan to showcase this technology in Q3 of 2024.
LeddarTech Holdings Inc. (Nasdaq: LDTC) will participate in the Sidoti Virtual Investor Conference on May 9, 2024. The event will feature the company's President, CEO, and CFO presenting the disruptive AI-based software technology LeddarVision™. Investors can join the presentation and schedule one-on-one meetings with the company representatives. Registration is open to all.
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