LeddarTech (LDTCF) Q2 2025 earnings summary

Executive summary

• Achieved a major design win with a commercial trucking OEM and progressed integration of software into 2028 model year vehicles, expected to generate non-recurring revenue in FY2025.

• Launched LeddarSim, a simulation solution reducing ADAS/AD system training costs by up to 90%, opening a new high-margin SaaS revenue stream.

• Maintains a sales pipeline exceeding $2 billion in potential lifetime revenue and over 30 active opportunities with OEMs and Tier 1/2 suppliers.

• Demonstrated technology readiness through over 110 live on-road demos and strong customer engagement at major industry events.

• Software now ported to five major SoC suppliers, enhancing deployment flexibility.

Financial highlights

• Q2 2025 revenue was CAD 239,000 (or $238,914), up 96% year-over-year.

• EBITDA loss for Q2 was CAD 8.4 million, improved from CAD 14 million loss in Q2 2024.

• Adjusted EBITDA loss was CAD 12 million, higher than CAD 8.7 million loss in the prior year, due to increased R&D expenses.

• Net loss from continuing operations was CAD 16 million, or ($0.42) per share, compared to CAD 17 million, or ($0.60) per share, in Q2 2024.

Outlook and guidance

• Focused on securing additional capital, executing on the OEM design win, and achieving further design wins in 2025.

• Fiscal Q3 2025 results will be reported in mid-August, with no conference call planned.

• Actively seeking additional financing to address liquidity challenges and comply with debt covenants.