LDTCW - LeddarTech Holding... Stock Analysis | Stock Taper
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LeddarTech Holdings Inc.

LDTCW

LeddarTech Holdings Inc. NASDAQ
$0.00 2.70% (+0.00)

Market Cap $142874
52w High $0.01
52w Low $0.00
P/E 0
Volume 3.20M
Outstanding Shares 37.60M

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 Summary

5-Year Trend Analysis

A comprehensive look at LeddarTech Holdings Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

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.

! Risks

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.

Outlook

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.