Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), an innovator in automotive vision systems, has released financial results for the third quarter of 2022. According to the update, Foresight ended the first nine months of 2022 with revenues of $451,000 and with $30.3 million in cash, cash equivalents, restricted cash and short-term deposits. “We believe that the global market continues to validate the strength and innovation of Foresight’s technology offering,” said Haim Siboni, Foresight’s chief executive officer. “We recently announced the signing of a commercial agreement with SUNWAY in China, which may yield up to $51 million in revenue over a four-year period. This is the most significant accomplishment to date following a consistent pattern of key business developments.”
In addition, the company today announced that it will present virtually at the Sidoti December Microcap Conference on Dec. 7, 2022. Eli Yoresh, Foresight’s chief financial officer and Doron Cohadier, Foresight’s vice president of business development, will lead a live company presentation at 1:00 p.m. ET on Dec. 7. Interested parties should visit https://ibn.fm/Mnpc4 to register for the webinar and access the presentation. Foresight management will also be available for one-on-one meetings on Dec. 7 and 8, 2022. Those interested in scheduling a meeting should contact their Sidoti representative or Miri Segal at email@example.com.
About Foresight Autonomous Holdings Ltd.
Foresight is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (“3D”) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.ForesightAuto.com.
NOTE TO INVESTORS: The latest news and updates relating to FRSX are available in the company’s newsroom at http://ibn.fm/FRSX
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