For example, Foresight is using forward-looking statements in this press release when it discusses its belief that its co-development efforts with KONEC have established a strong foundation for commercializing its advanced 3D perception solutions, that it anticipates substantial revenue opportunities from this collaboration, that it is committed to contributing to South Korea's continued technological leadership in the autonomous vehicle sector, the potential benefits of its various collaboration agreements and potential revenues that may be derived from such agreements, the belief that its alignment with the expected U.S.regulatory support and federal framework for autonomous vehicles underscores the long-term potential of its technology and that the Trump administration’s potential federal framework for self-driving technology may create new opportunities, its belief that it may shape the future of autonomous mobility and industrial automation, the prospective next phases and aims of its collaboration with Tata Elxsi Limited, its aims with respect to its stereoscopic sensor kit portfolio, the aims of Eye-Net’s agreement with Software République, and the aims and projections of the collaboration agreement between Foresight and Bumhan Motors Ltd.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWU.S.dollars in thousands Year ended December 31, Three months ended December 31, 2024 2023 2024 2023 Net cash used in operating activities Loss for the year (11,138) (18,410) (3,100) (3,551) Adjustments to reconcile loss to net cash (provided by) used in operating activities: 83 3,484 480 (45) Net cash used in operating activities (11,055) (14,926) (2,620) (3,596) Cash Flows from Investing Activities Changes in short term deposits - 7,216 - - Purchase of fixed assets (62) (124) - (10)Proceeds from sales of marketable securities 1,847 - (7) - Net cash provided by (used in) investing activities 1,785 7,092 (7) (10) Cash flows from Financing Activities: Issuance of ordinary shares, net of issuance expenses 903 4,181 857 4,048 Net cash provided by financing activities 903 4,181 857 4,048 Effect of exchange rate changes on cash and cash equivalents (185) 112 14 1,094 Increase (decrease) in cash and cash equivalents and Restricted cash (8,552) (3,541) (1,756) 1,536 Cash and cash equivalents and Restricted cash at the beginning of the period 15,734 19,275 8,938 14,198 Cash and cash equivalents and Restricted cash at the end of the period 7,182 15,734 7,182 15,734 FORESIGHT AUTONOMOUS HOLDINGS LTD.
NESS ZIONA, Israel, March 24, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd., (Nasdaq and TASE: FRSX) ("Foresight” or the "Company”), an innovator in 3D perception systems, today reported financial results for the fourth quarter and full year ended December 31, 2024.
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