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Stock impact report

Foresight Announces Third Quarter 2017 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., a leading developer of Advanced Driver Assistance Systems (NASDAQ and TASE: FRSX), today reported financial results for the third quarter ended September 30, 2017. Foresight ended the third quarter of 2017 with $21.5 million in cash and short-term deposits, with GAAP net loss for the nine months ended September 30, 2017 of $22.4 million and with non-GAAP net loss of $4.3 million. Commenting on the results, Foresight’s Chief Executive Officer Haim Siboni said, “This quarter, we completed two additional pilot tests with leading Chinese car manufacturers where we successfully demonstrated our potentially life-saving technology. We plan to broaden our outreach to additional manufacturers, and to sign commercial agreements, in our efforts to expand globally. Furthermore, our successful system demonstration and anticipated commercial agr Show less Read more
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