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Foresight Announces Fourth Quarter and Full Year 2018 Financial Results

Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX) 
US:NASDAQ Investor Relations: ir.foresightauto.com
Company Research Source: Business Wire
NESS ZIONA, Israel--(BUSINESS WIRE)-- Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX), today reported financial results for the fourth quarter and full year 2018. Foresight ended the fourth quarter of 2018 with $15.7 million in cash and short-term deposits. This amount does not include gross proceeds of approximately $6.2 million raised through a public offering on March 19, 2019. The Company reported GAAP net loss of $9.4 million for the fourth quarter 2018, and non-GAAP net loss for the same period of $4.1 million. “Multiple positive developments in 2018 served to validate the strength of our QuadSight™ vision system,” said Haim Siboni, Foresight’s CEO. “We are particularly proud to be named a CES Innovation Awards honoree, recognizing QuadSight™ in the Vehicle Intelligence and Self-Driving category. This award from one of the industry’s most pre Show less Read more
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