Foresight Autonomous Holdings Ltd.: Foresight Announces Third Quarter 2024 Financial Results

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Foresight Autonomous Holdings Ltd.: Foresight Announces Third Quarter 2024 Financial Results

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Foresight Autonomous Holdings Ltd.: Foresight Announces Third Quarter 2024 Financial Results

//automotive-transportation.news-articles.net/co .. ounces-third-quarter-2024-financial-results.html

Published in Automotive and Transportation on Saturday, November 30th 2024 at 6:01 GMT by Aaron Neefham
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in automotive vision systems, today reported

Foresight Autonomous Holdings Ltd. announced its financial results for the third quarter of 2024, highlighting a significant increase in revenues to $150,000, up from $100,000 in the same quarter of the previous year. The company reported a net loss of $3.5 million, slightly higher than the $3.3 million loss in Q3 2023, attributed to increased research and development expenses aimed at enhancing their autonomous driving technologies. Operating expenses rose to $4.2 million from $3.8 million, reflecting investments in product development and market expansion. Despite the increased costs, Foresight emphasized its strategic partnerships and ongoing projects, including collaborations with major automotive OEMs and the integration of its technology into various commercial applications. The company also noted progress in its software solutions, particularly in the areas of 3D perception and obstacle detection, which are expected to drive future growth.

Read the Full Finanznachrichten Article at:
[ https://www.finanznachrichten.de/nachrichten-2024-11/63956969-foresight-autonomous-holdings-ltd-foresight-announces-third-quarter-2024-financial-results-399.htm ]

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Foresight Autonomous Holdings Ltd.: Foresight Announces Third Quarter 2024 Financial Results