NESS ZIONA, Israel, Aug. 14, 2026 (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 second quarter and first half of 2026.
First Half 2026 Highlights
●January 7, 2026 – Eye-Net Mobile Ltd (“Eye-Net”) showcased its commercially ready vehicle-to-everything (“V2X”) collision prevention technology at CES 2026, demonstrating its ability to provide beyond-line-of-sight alerts designed to enhance the safety of vulnerable road users. The event increased industry visibility while reinforcing the Company’s position in the connected mobility ecosystem. ●February 9, 2026 – Eye-Net, together with Renault Group and Orange, successfully completed a large-scale live trial of its V2X collision prevention solution in Bordeaux, France. The successful demonstration validated the technology’s performance in a real-world public transportation environment and advanced ongoing commercialization discussions with project partners. ●April 24, 2026 – Foresight entered into a Proof-of-Concept (“POC”) agreement with a leading European automotive manufacturer to evaluate its artificial intelligence (“AI”)-powered stereo vision solution for off-road driving applications. The engagement further validates the Company’s growing presence within the automotive sector and supports future joint development opportunities for advanced perception technologies ●June 16, 2026 – Foresight demonstrated its advanced 3D perception technologies at the Eurosatory 2026 alongside VisionWave Holdings, Inc. (“VisionWave”), showcasing the integration of its multi-spectral vision solutions into autonomous defense platforms. The demonstration highlighted the companies’ progress in advancing autonomous navigation capabilities for defense applications and further strengthened their strategic collaboration. ●June 8, 2026 –In June 2026, Foresight entered into securities exchangeagreement (the “Agreement”) for a potential strategic investment in Foresight by VisionWave and with the intent of leveraging the synergies between the parties by integrating the Company’s camera-based perception systems into VisionWave’s defense and commercial autonomous products. The Agreement’s implementation was subject to shareholder approval. On July 23, 2026, the Company’s shareholders did not approve the previously announced Agreement with VisionWave. As a result, the transaction was not completed and will not be moving forward.
Haim Siboni, Chief Executive Officer of Foresight, commented: “During the first half of 2026, we continued to strengthen our strategic positioning through new collaborations, technology demonstrations and validation programs across several high-growth markets. We made important progress expanding relationships with industry leaders in defense, automotive and smart mobility while further demonstrating the versatility of our multi-spectral perception technologies. We remain focused on converting these strategic initiatives into long-term commercial opportunities.”
Second Quarter 2026 Financial Results
●Revenues for the three months ended June 30, 2026, were $86,000, compared to $128,000 for the three months ended June 30, 2025. The revenues were generated primarily by Foresight from the commercialization agreement with Elbit Systems Ltd. (“Elbit”) and from the completion of a successful POC with a leading European car manufacturer to validate Foresight’s stereo vision AI-based solution for off-road driving scenarios. ●Research and development (R&D) expenses, net for the three months ended June 30, 2026, were $1,932,000, a decrease of 10.4% compared to $2,156,000 for the three months ended June 30, 2025. The decrease is mainly attributable to the recognition of a $189,000 grant from the Israeli Innovation Authority under the India-Israel Industrial R&D and Technological Innovation Fund program, supporting the Company’s collaboration with a leading Indian drone manufacturer to develop rugged autonomous industrial drones equipped with multi-spectrum sensing. ●Sales and marketing (S&M) expenses for the three months ended June 30, 2026, were $386,000, an increase of 30.8% compared to $295,000 for the three months ended June 30, 2025. The increase was primarily attributable to the reclassification of certain employee expenses from R&D expenses to S&M expenses following changes in roles and responsibilities. ●General and administrative (G&A) expenses for the three months ended June 30, 2026, were $657,000, an increase of 12.1% compared to $586,000 for the three months ended June 30, 2025. The increase is primarily attributable to increased legal expenses incurred during the quarter. ●Finance income, net for the three months ended June 30, 2026, was $78,000, compared to finance income, net of $136,000 for the three months ended June 30, 2025. Finance income, net for the three months ended June 30, 2026, consisted of interest income in the amount of $24,000 and exchange rate differences in the amount of $59,000 offset by other factors in the amount of $7,000. Finance income, net for the three months ended June 30, 2025, consisted of interest income in the amount of $63,000 and exchange rate differences in the amount of $228,000 offset by other factors in the amount of $155,000. ●Generally accepted accounting principles in the United States (GAAP) net loss for the three months ended June 30, 2026, was $2,835,000, or $0.01 per ordinary share, compared to a GAAP net loss of $2,815,000, or $0.01 per ordinary share, for the three months ended June 30, 2025. ●Non-GAAP net loss for the three months ended June 30, 2026, was $2,650,000, or $0.01 per ordinary share, compared to a non-GAAP net loss of $2,598,000, or $0.01 per ordinary share, for the three months ended June 30, 2025. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses.
First Half 2026 Financial Results
Balance Sheet Highlights
Use of Non-GAAP Financial Results
In addition to disclosing financial results calculated in accordance with GAAP, the Company’s earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company’s ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deems it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company’s controlled 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 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs).
Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net’s innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles.
For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X (formerly Twitter), or join Foresight Automotive on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the conversion of strategic initiatives into long-term commercial opportunities and the benefits, advantages and capabilities of the Company’s solutions. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 25, 2026, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the content of third-party websites.
Investor Relations Contact:
Miri Segal-Scharia
CEO
MS-IR LLC
[email protected]
FORESIGHT AUTONOMOUS HOLDINGS LTD.
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
As ofJune 30, 2026
Unaudited As of
June 30, 2025
Unaudited As of
December 31, 2025
Audited ASSETS Current assets: Cash and cash equivalents $7,035 $6,342 $6,236 Restricted cash 57 50 53 Marketable equity securities 15 25 26 Trade receivables 16 33 118 Other receivables 324 431 398 Total current assets 7,447 6,881 6,831 Non-current assets: ROU asset 1,310 1,456 1,335 Fixed assets, net 169 212 187 Total non-current assets 1,479 1,668 1,522 Total assets $8,926 $8,549 $8,353 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade payables $164 $154 $249 Operating lease liability 432 348 339 Other accounts payables 1,399 1,208 1,481 Total current liabilities 1,995 1,710 2,069 Non-current liabilities: Operating lease liability 1,133 1,214 1,173 Total liabilities 3,128 2,924 3,242 Shareholders’ equity: Ordinary shares no par value; - - - Additional paid-in capital 155,574 142,984 149,164 Accumulated deficit (148,462) (137,053) (142,931)Total Foresight Autonomous Holdings LTD. shareholders’ equity 7,112 5,931 6,233 Non-controlling interest (1,314) (306) (1,122)Total equity 5,798 5,625 5,111 Total liabilities and shareholders’ equity $8,926 $8,549 $8,353
FORESIGHT AUTONOMOUS HOLDINGS LTD.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
U.S. dollars in thousands
Six months ended June 30, Three months ended June 30, 2026 2025 2026 2025 Revenues 287 240 86 128 Cost of revenues (98) (84) (24) (42) Gross profit 189 156 62 86 Research and development expenses, net (3,860) (4,426) (1,932) (2,156) Sales and marketing (821) (629) (386) (295) General and administrative (1,280) (1,296) (657) (586) Operating loss (5,772) (6,195) (2,913) (2,951) Finance income, net 17 100 78 136 Net loss (5,755) (6,095) (2,835) (2,815) Attributable to non-controlling interest (224) (70) (108) (56) Attributable to equity holders (5,531) (6,025) (2,727) (2,759)
FORESIGHT AUTONOMOUS HOLDINGS LTD.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Six months ended June 30, Three months ended June 30, 2026 2025 2026 2025 Cash Flows from operating activities Loss for the period (5,755) (6,095) (2,835) (2,815) Adjustments to reconcile loss to net cash provided by (used in) operating activities: 475 722 682 205 Net cash used in operating activities (5,280) (5,373) (2,153) (2,610) Cash Flows from Investing Activities Purchase of fixed assets (16) (4) (3) (3) Net cash provided by (used in) investing activities (16) (4) (3) (3) Cash Flows from Financing Activities Issuance of ordinary shares and warrants, net of issuance expenses 6,047 4,482 5,151 - Net cash provided by (used in) financing activities 6,047 4,482 5,151 - Effect of exchange rate changes on cash and cash equivalents 52 105 132 156 Decrease in cash, cash equivalents and restricted cash 803 (790) 3,127 (2,457)Cash, cash equivalents and restricted cash at the beginning of the period 6,289 7,182 3,965 8,849 Cash, cash equivalents and restricted cash at the end of the period 7,092 6,392 7,092 6,392
FORESIGHT AUTONOMOUS HOLDINGS LTD.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
U.S. dollars in thousands
Six months ended June 30, Three months ended June 30, 2026 2025 2026 2025 Adjustments to reconcile loss to net cash used in operating activities: Share-based payment 395 459 185 217 Depreciation 34 115 16 26 Revaluation of marketable equity securities 11 46 3 5 Exchange rate changes on cash and cash equivalents (52) (105) (132) (156) Changes in assets and liabilities: Decrease in trade receivables 102 80 259 99 Decrease in other receivables 74 49 214 128 Increase (decrease) in trade payables (85) (143) (103) (250)Changes in operating lease liability 78 121 79 146 Increase (decrease) in other accounts payable (82) 100 161 (10)Adjustments to reconcile loss to net cash provided by (used in) operating activities 475 722 682 205
FORESIGHT AUTONOMOUS HOLDINGS LTD.
SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(Unaudited) U.S. dollars in thousands
Six months ended June 30 Three months ended June 30, 2026 2025 2026 2025 GAAP operating loss (5,772) (6,195) (2,913) (2,951)Stock-based compensation in cost of revenues 12 2 1 2 Stock-based compensation in research and development 196 202 93 94 Stock-based compensation in sales and marketing 25 23 13 6 Stock-based compensation in general and administrative 162 232 78 115 Non-GAAP operating loss (5,377) (5,736) (2,728) 2,734 GAAP net loss (5,755) (6,095) (2,835) (2,815)Stock-based compensation expenses 395 459 185 217 Non-GAAP net loss (5,360) (5,636) (2,650) (2,598)