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Stock impact report

Foresight Announces First Half 2017 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., a leading developer of Advanced Driver Assistance Systems (TASE: FRSX) (NASDAQ: FRSX), today reported financial results for the six months ended June 30, 2017. Foresight ended the first half of 2017 with $18.3 million in cash and short term deposits, with GAAP net loss of $26.9 million and with non-GAAP net loss of $2.2 million. Commenting on Foresight's first half 2017 results, Foresight’s CEO, Haim Siboni said: "We are extremely pleased with the company’s progress this period in multiple areas. First, our dual listing on the NASDAQ has been instrumental for our expansion into the U.S. market. In addition, our progress with one of the largest vehicle manufacturers in China demonstrates that our unparalleled technology aligns with our long-term corporate development strategy to become a leader in the automated transportation indust Show less Read more
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