NetworkNewsBreaks – Foresight Autonomous Holding
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Posted On: 03/21/2019 4:32:16 PM
NetworkNewsBreaks – Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) Releases Financial Results for Q4 and Full Year 2018
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Wednesday announced financial results for the fourth quarter and full year 2018. Per the update, Foresight ended Q4 of 2018 with $15.7 million in cash and short-term deposits. This amount does not include approximately $6.2 million in gross proceeds raised through a March 19, 2019 public offering. The company reported GAAP net loss of $9.4 million for the fourth quarter 2018, and non-GAAP net loss of $4.1 million for the same period. “Multiple positive developments in 2018 served to validate the strength of our QuadSight(TM) vision system,” Foresight CEO Haim Siboni said in the news release. “We are particularly proud to be named a CES Innovation Awards honoree, recognizing QuadSight(TM) in the Vehicle Intelligence and Self-Driving category. This award from one of the industry’s most prestigious events acknowledges the groundbreaking technology at work in our QuadSight(TM) system.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Automotive technology innovator Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX) on Wednesday announced financial results for the fourth quarter and full year 2018. Per the update, Foresight ended Q4 of 2018 with $15.7 million in cash and short-term deposits. This amount does not include approximately $6.2 million in gross proceeds raised through a March 19, 2019 public offering. The company reported GAAP net loss of $9.4 million for the fourth quarter 2018, and non-GAAP net loss of $4.1 million for the same period. “Multiple positive developments in 2018 served to validate the strength of our QuadSight(TM) vision system,” Foresight CEO Haim Siboni said in the news release. “We are particularly proud to be named a CES Innovation Awards honoree, recognizing QuadSight(TM) in the Vehicle Intelligence and Self-Driving category. This award from one of the industry’s most prestigious events acknowledges the groundbreaking technology at work in our QuadSight(TM) system.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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