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LeddarTech Holdings ( (LDTC) ) has shared an announcement.
LeddarTech Holdings has restated its FY2022 financial statements due to identified errors, including issues with government grant liability and R&D costs. The company has transitioned to a ‘pure play’ automotive software business model, discontinuing its LiDAR components and modules businesses, which are now classified as discontinued operations. This strategic shift aims to solidify LeddarTech’s position in the automotive AI software industry, focusing on ADAS and autonomous driving systems.
More about LeddarTech Holdings
LeddarTech, established in 2007 under the Canada Business Corporations Act, is a prominent player in the automotive industry, focusing on enhancing driver awareness, active safety, and advanced autonomy. The company specializes in high-performance AI automotive software, particularly AI-based low-level fusion and perception technology, which is critical for advanced driver assistance systems and autonomous driving.
YTD Price Performance: -44.92%
Average Trading Volume: 6,996,303
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $51.44M
For detailed information about LDTC stock, go to TipRanks’ Stock Analysis page.
