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0 0.000721240533718116 0.000721240533718116 0.000721240533718116 -0.0533717994951316 -0.0533717994951316 -0.0443562928236566 -0.00829426613775683
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Foresight Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX) 
US:NASDAQ Investor Relations: ir.foresightauto.com
Company Research Source: Yahoo! Finance
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the fourth quarter and full year ended December 31, 2023. Foresight ended the full year 2023 with revenues of $497,000 and with $15.7 million in cash, cash equivalent and restricted cash. The Company reported a U.S. generally accepted accounting principles (GAAP) operating loss of $16.3 million which is approximately a 7% decrease from the GAAP operating loss of $17.5 million reported for the full year 2022. Foresight reported a GAAP net loss of $3.6 million for the fourth quarter 2023, compared to a GAAP net loss of $3.8 million for the fourth quarter 2022, and a non-GAAP net loss of $3.3 million for the fourth quarter 2023, compared to a non-GAAP loss of $3.4 million for the fourth quarter 2022. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of Show less Read more
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