Foresight Announces Fourth Quarter and Full Year 2019 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 2019. Foresight ended the fourth quarter of 2019 with $10.1 million in cash and short-term deposits.The Company reported GAAP net loss of $4.37 million for the fourth quarter of 2019, and non-GAAP net loss for the same period of $4 million.“Foresight completed 2019 with a series of positive developments, as our QuadSight® vision system continued to gain commercial interest as well as award recognition,” said Haim Siboni, Foresight’s CEO. “Through our continued use of technological demonstrations and prototype system sales, we have introduced new capabilities to the QuadSight® system in accordance with the needs and requests of our potential customers. We believe that a closer evaluation our unique technology by potential customers may lead to future collaborations in integra
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