LDTCW
LDTCW
LeddarTech Holdings Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $238.91K ▲ | $13.59M ▲ | $-15.96M ▲ | -6.68K% ▲ | $-0.42 ▲ | $-8.67M ▲ |
| Q1-2025 | $51.88K ▼ | $13.27M ▲ | $-26.47M ▼ | -51.02K% ▼ | $-0.84 ▼ | $-20.5M ▼ |
| Q3-2024 | $1.42M ▲ | $10.87M ▲ | $-7.45M ▲ | -523.71% ▲ | $-0.25 ▲ | $-10.14M ▲ |
| Q2-2024 | $1.38M ▲ | $9.1M ▲ | $-12.92M ▲ | -938.01% ▲ | $-0.45 ▲ | $-11.84M ▲ |
| Q1-2024 | $1.25M | $2.28M | $-44.16M | -3.53K% | $-1.53 | $-59.16M |
What's going well?
Revenue grew sharply, and the net loss improved significantly compared to last quarter. EPS loss per share was cut in half, showing some progress.
What's concerning?
Expenses remain far higher than revenue, and the company is still deeply unprofitable. Rising interest costs and share dilution are big red flags for investors.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $9.21M ▼ | $22.97M ▼ | $134.89M ▲ | $-111.92M ▼ |
| Q1-2025 | $17.73M ▲ | $32.13M ▲ | $130.7M ▲ | $-98.57M ▼ |
| Q4-2024 | $5.27M ▼ | $18.93M ▼ | $107.56M ▲ | $-88.63M ▼ |
| Q3-2024 | $5.73M ▼ | $85.93M ▲ | $97.24M ▲ | $-11.31M ▼ |
| Q2-2024 | $10.58M | $67.59M | $72.29M | $-5.45M |
What's financially strong about this company?
The company has some customer prepayments, and no inventory or goodwill risks. There are no unusual or hidden liabilities reported.
What are the financial risks or weaknesses?
Cash is running low, debt is rising, and the company owes far more than it owns. Negative equity and a current ratio of just 0.2x signal severe financial stress.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $0 | $-9.38M ▼ | $-84.96K ▼ | $943.18K ▼ | $-8.52M ▼ | $-9.69M ▼ |
| Q1-2025 | $0 | $-5.43M ▼ | $-80.18K ▲ | $17.97M ▲ | $12.46M ▲ | $-5.43M ▲ |
| Q4-2024 | $0 ▲ | $-4.57M ▼ | $-2.84M ▲ | $6.83M ▲ | $-463.78K ▲ | $-18.05M ▼ |
| Q3-2024 | $-7.45M ▲ | $-4.05M ▲ | $-3.8M ▼ | $-934.09K ▼ | $-8.59M ▲ | $-4.4M ▲ |
| Q2-2024 | $-12.92M | $-8.43M | $-2.79M | $-51.83K | $-11.55M | $-11.23M |
What's strong about this company's cash flow?
There is no debt, no dilution, and no capital spending, so the company is not taking on new risks or obligations. If cash burn can be reduced quickly, survival is possible.
What are the cash flow concerns?
Cash burn is rising, cash reserves are shrinking, and the company is highly dependent on outside funding to keep going. With no revenue or profit, the current path is not sustainable.
Q2 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at LeddarTech Holdings Inc.'s financial evolution and strategic trajectory over the past five years.
Key positives include a differentiated software technology for ADAS and autonomous driving, a substantial patent portfolio, and a track record of partnering with reputable industry players. When revenue was present, gross margins were attractive, implying that the underlying software offering could be economically compelling if scaled. The company also demonstrated an ability to raise capital and invest aggressively in innovation and infrastructure for several years.
Major risks are centered on financial fragility: steep and growing losses, erratic and now minimal revenue, heavy and rising leverage, negative equity, and chronic negative free cash flow. Liquidity stress has been severe, ultimately leading to bankruptcy and delisting. Operationally, the firm faced commercialization challenges in a capital-intensive, competitive market dominated by larger, better-funded players, with long development and adoption timelines.
From here, the outlook for LDTCW as originally structured is highly uncertain and constrained by its bankruptcy status. The most plausible paths involve restructuring, asset sales, or acquisition of its technology and patents by stronger industry participants. While the underlying innovations may continue to play a role in the evolution of driver-assistance and autonomous systems, the prospects for shareholders and for the company as an independent, thriving business have been significantly impaired by the combination of weak financial performance and formal insolvency proceedings.
About LeddarTech Holdings Inc.
https://leddartech.comLeddarTech Holdings Inc. provides AI-based fusion and perception software solutions for advanced driver assistance solutions and autonomous driving applications in Canada. It offers LeddarVision, a raw sensor fusion and perception platform for automotive and off-road industrial vehicles. The company was founded in 2007 and is based in Quebec City, Canada.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $238.91K ▲ | $13.59M ▲ | $-15.96M ▲ | -6.68K% ▲ | $-0.42 ▲ | $-8.67M ▲ |
| Q1-2025 | $51.88K ▼ | $13.27M ▲ | $-26.47M ▼ | -51.02K% ▼ | $-0.84 ▼ | $-20.5M ▼ |
| Q3-2024 | $1.42M ▲ | $10.87M ▲ | $-7.45M ▲ | -523.71% ▲ | $-0.25 ▲ | $-10.14M ▲ |
| Q2-2024 | $1.38M ▲ | $9.1M ▲ | $-12.92M ▲ | -938.01% ▲ | $-0.45 ▲ | $-11.84M ▲ |
| Q1-2024 | $1.25M | $2.28M | $-44.16M | -3.53K% | $-1.53 | $-59.16M |
What's going well?
Revenue grew sharply, and the net loss improved significantly compared to last quarter. EPS loss per share was cut in half, showing some progress.
What's concerning?
Expenses remain far higher than revenue, and the company is still deeply unprofitable. Rising interest costs and share dilution are big red flags for investors.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $9.21M ▼ | $22.97M ▼ | $134.89M ▲ | $-111.92M ▼ |
| Q1-2025 | $17.73M ▲ | $32.13M ▲ | $130.7M ▲ | $-98.57M ▼ |
| Q4-2024 | $5.27M ▼ | $18.93M ▼ | $107.56M ▲ | $-88.63M ▼ |
| Q3-2024 | $5.73M ▼ | $85.93M ▲ | $97.24M ▲ | $-11.31M ▼ |
| Q2-2024 | $10.58M | $67.59M | $72.29M | $-5.45M |
What's financially strong about this company?
The company has some customer prepayments, and no inventory or goodwill risks. There are no unusual or hidden liabilities reported.
What are the financial risks or weaknesses?
Cash is running low, debt is rising, and the company owes far more than it owns. Negative equity and a current ratio of just 0.2x signal severe financial stress.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $0 | $-9.38M ▼ | $-84.96K ▼ | $943.18K ▼ | $-8.52M ▼ | $-9.69M ▼ |
| Q1-2025 | $0 | $-5.43M ▼ | $-80.18K ▲ | $17.97M ▲ | $12.46M ▲ | $-5.43M ▲ |
| Q4-2024 | $0 ▲ | $-4.57M ▼ | $-2.84M ▲ | $6.83M ▲ | $-463.78K ▲ | $-18.05M ▼ |
| Q3-2024 | $-7.45M ▲ | $-4.05M ▲ | $-3.8M ▼ | $-934.09K ▼ | $-8.59M ▲ | $-4.4M ▲ |
| Q2-2024 | $-12.92M | $-8.43M | $-2.79M | $-51.83K | $-11.55M | $-11.23M |
What's strong about this company's cash flow?
There is no debt, no dilution, and no capital spending, so the company is not taking on new risks or obligations. If cash burn can be reduced quickly, survival is possible.
What are the cash flow concerns?
Cash burn is rising, cash reserves are shrinking, and the company is highly dependent on outside funding to keep going. With no revenue or profit, the current path is not sustainable.
Q2 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at LeddarTech Holdings Inc.'s financial evolution and strategic trajectory over the past five years.
Key positives include a differentiated software technology for ADAS and autonomous driving, a substantial patent portfolio, and a track record of partnering with reputable industry players. When revenue was present, gross margins were attractive, implying that the underlying software offering could be economically compelling if scaled. The company also demonstrated an ability to raise capital and invest aggressively in innovation and infrastructure for several years.
Major risks are centered on financial fragility: steep and growing losses, erratic and now minimal revenue, heavy and rising leverage, negative equity, and chronic negative free cash flow. Liquidity stress has been severe, ultimately leading to bankruptcy and delisting. Operationally, the firm faced commercialization challenges in a capital-intensive, competitive market dominated by larger, better-funded players, with long development and adoption timelines.
From here, the outlook for LDTCW as originally structured is highly uncertain and constrained by its bankruptcy status. The most plausible paths involve restructuring, asset sales, or acquisition of its technology and patents by stronger industry participants. While the underlying innovations may continue to play a role in the evolution of driver-assistance and autonomous systems, the prospects for shareholders and for the company as an independent, thriving business have been significantly impaired by the combination of weak financial performance and formal insolvency proceedings.

CEO
Frantz Saintellemy

