LeddarTech Holdings Inc., an AI-powered software company, reported its financial results for the fiscal second quarter of 2025, ending March 31. The company achieved revenue of $238,914, marking a significant increase from $122,101 in the same period of the previous year. The net loss for the quarter was ($16.0) million, compared to a net loss of ($17.2) million in the fiscal quarter ending March 31, 2024. This decreased net loss was mainly due to reduced stock-based compensation and financing expenses, although it was offset by higher research and development expenses, as the company is no longer capitalizing these costs. EBITDA loss for the quarter stood at ($8.4) million, an improvement from a ($14.0) million loss in the previous year. Adjusted EBITDA loss, however, was higher at ($12.0) million, up from an adjusted EBITDA loss of ($8.7) million in the fiscal quarter ending March 31, 2024. This increase was primarily due to the higher R&D expenses. LeddarTech is actively seeking additional financing and is considering cost reduction measures. The company maintains a strong pipeline of over 30 active opportunities with OEMs and Tier 1 and Tier 2 automotive suppliers, addressing the growing consumer demand for enhanced safety features and preparing for upcoming regulatory deadlines.
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