Foresight Announces First Quarter 2019 Financial Results
Foresight Autonomous Holdings Ltd. - American Depositary Shares (FRSX)
US:NASDAQ Investor Relations:
ir.foresightauto.com
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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 first quarter 2019. Foresight ended the first quarter of 2019 with $19.3 million in cash and short-term deposits, GAAP net loss of $3.3 million, and non-GAAP net loss for the same period of $2.9 million. “The year has started off on a very positive note as we demonstrated progress across all business activities, including an additional sale of our QuadSight™ prototype. Our unique technology continues to gain recognition in the autonomous vehicle industry illustrated by increased demand,” commented Haim Siboni, CEO of Foresight. “In addition, our wholly owned subsidiary, Eye-Net Mobile Ltd., completed another trial of its accident prevention solution with one of Israel’s largest cities as well as initial installation with a leading
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