Summary by Moomoo AI
LeddarTech Holdings Inc. (LeddarTech), an automotive software company specializing in AI-based sensor fusion and perception technology, reported its financial results for the third fiscal quarter of 2024, ending June 30, 2024. The company announced revenues of $1.4 million, consistent with the previous year's quarter. Gross profit for the quarter was $537,435, a significant improvement from a gross loss of $66,127 in the same period last year. The increase in gross profit was attributed to a comparison against an inventory write-down in the previous year's quarter. Operating expenses for the quarter were $10.9 million, up from $8.4 million in the prior year, mainly due to higher stock-based compensation expenses and increased selling costs. The net loss for the quarter was $7.5 million, compared to a...Show More