FRSX

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 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 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-SchariaCEOMS-IR [email protected] FORESIGHT AUTONOMOUS HOLDINGS LTD.UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) U.S. dollars in thousands

NESS ZIONA, Israel, March 26, 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 fourth quarter and full year ended December 31, 2025. “We are excited to kick off 2026 with strong momentum, building directly on the significant achievements and strategic partnerships we secured throughout 2025, including major collaborations with leading global players such as Renault Group, Orange, SoftBank Corp. and Audi AG. We believe that these milestones continue to validate our innovative 3D perception and V2X technologies and position Foresight for accelerated commercialization in key markets worldwide,” said Haim Siboni, Chief Executive Officer of Foresight. Second Half 2025 and Recent Corporate Highlights: Foresight and Big Bang Win Grant for $5 Million Project to Commercialize Autonomous Industrial Drones In August 2025, we announced the approval of a joint development and commercialization project with Big Bang Boom Solutions Pvt. Ltd. (“Big Bang”), a leading Indian drone manufacturer, under the India-Israel Industrial research & development and Technological Innovation Fund. With a budget of $5 million, the project initiated in November 2025 and is scheduled for a 24-month period, with the goal to gradually introduce a variety of mass production drone solutions. Large-Scale Public Transportation Safety Trial with Renault Group and Orange In November 2025, Eye-Net Mobile Ltd (“Eye-Net”) launched a large-scale live public transportation safety trial in Bordeaux, France, in partnership with Renault Group, Orange S.A., and other ecosystem participants. This initiative integrates Eye-Net’s vehicle-to-everything (“V2X”) collision-prevention technology into a public transit network via a mobile platform, testing real-world readiness and interoperability with existing mobility systems as a key step toward commercial deployment of our smart mobility solutions. In February 2026, we announced the successful completion of the live trial and active commercial discussions to pursue joint commercialization of our technology. Eye-Net Investment at $55 Million Valuation In early December 2025, Eye-Net secured $3 million in gross proceeds from institutional investors based on $55 million pre-money valuation of Eye-Net. The financing, which provided antidilution protections and also and included the issuance of Foresight’s warrants, strengthens Eye-Net’s balance sheet and provides incremental capital to support its working-capital needs and growth initiatives, including ongoing development and deployment of its V2X collision-prevention platform. Audi AG Technology Showcase In late December 2025, Foresight was invited by Audi AG to participate in the prestigious “Minds and Makers” innovation event, where we showcased our advanced terrain intelligence solution, a real-time 3D perception system capable of robustly analyzing road and terrain surfaces in challenging visibility conditions. The demonstration provided us with invaluable exposure to Audi’s engineering teams and opened discussions on a potential proof-of-concept integration into Audi’s vehicle development programs, underscoring the relevance and competitiveness of our perception technologies in the global automotive original equipment manufacturer (“OEM”) space. Eye-Net and SoftBank Corp. Advance Strategic Collaboration in Japan In January 2026, we announced that Eye-Net has advanced its strategic collaboration in Japan with SoftBank Corp. (“SoftBank”) to further validate Eye-Net’s V2X collision prediction and prevention solutions technology. The joint initiative aims to enhance road safety and operational efficiency by enabling seamless, real-time exchange of location information among surrounding road users. Foresight Advances Commercialization for Smart City and Road Safety Solutions with Leading Japanese Manufacturer In March 2026, we announced that we entered into a development and commercialization agreement with a leading Japanese manufacturer of smart city, road traffic, hazard management and traffic monitoring solutions. The development phase is underway and is expected to be completed during the second quarter of 2027, generating initial revenues of approximately $250,000. Following completion of the development phase, initial product sales are expected in late 2027, growing to a conservative potential revenue of $3.6 million by 2030. Mr. Siboni added: "In 2025, we advanced our global commercialization and technology initiatives. We expanded our strategic footprint in key international markets, including South Korea, India, as well as other developing regions, through targeted collaborations with leading technology partners. Eye-Net Mobile continued its commercial momentum, securing $3 million in investment at a $55 million valuation and launching a large-scale public transportation safety trial in France with Renault Group and Orange, which was successfully completed in early 2026, demonstrating the practical impact of our V2X collision-prevention solutions. In addition, our advanced terrain intelligence platform gained recognition from Audi AG, providing a valuable opportunity to showcase our capabilities to a leading global OEM and explore potential integration opportunities. These developments underscore our ongoing commitment to innovation, positioning Foresight for global expansion in 2026." Fourth Quarter 2025 Financial Results Revenues for the fourth quarter of 2025 decreased by 39.6% to $61,000, compared to $101,000 for the fourth quarter of 2024. The revenues were generated primarily from the commercialization agreement with Elbit Systems Land Ltd. ("Elbit") in the amount of $32,000. Research and development (R&D) expenses, net for the fourth quarter of 2025 were $1,940,000, a 10.8% decrease compared to $2,176,000 for the fourth quarter of 2024. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in subcontracted work and consultants. Sales and marketing (S&M) expenses for the fourth quarter of 2025 were $291,000, a decrease of 4.9% compared to $306,000 for the fourth quarter of 2024. General and administrative (G&A) expenses for the fourth quarter of 2025 were $679,000, a decrease of 11.8% compared to $770,000 in the fourth quarter of 2024. The decrease is primarily attributed to a decrease in payroll and related expenses. Financial expenses, net, for the fourth quarter of 2025 were $38,000, compared to financial income, net, of $75,000 in the fourth quarter of 2024. Financial expenses, net, for the fourth quarter of 2025 consisted of a loss from the revaluation of the Company’s investment in Rail Vision Ltd. ("Rail Vision") to its fair value in the amount of $6,000 and from exchange rate differences and others in the amount of $58,000, offset by interest income in the amount of $26,000. Finance income, net, for the fourth quarter of 2024 consisted of a profit from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $57,000 and from interest income in the amount of $43,000, offset by exchange rate differences and others in the amount of $25,000. United States generally accepted accounting principles (GAAP) net loss for the fourth quarter of 2025 was $2,899,000, or $0.02 per ordinary share, compared to a GAAP net loss of $3,100,000, or $0.01 per ordinary share, in the fourth quarter of 2024. Non-GAAP net loss for the fourth quarter of 2025 was $2,689,000, or $0.02 per ordinary share, compared to a non-GAAP net loss of $2,847,000, or $0.01 per ordinary share, in the fourth quarter of 2024. 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. Full Year 2025 Financial Results Revenues for the full year ended December 31, 2025, decreased by 8.7% to $398,000, compared to $436,000 for the full year ended December 31, 2024. The revenues were generated primarily from the Company's commercialization agreement with Elbit in the amount of $162,000, from the completion of a successful proof of concept (“POC”) project with a leading traffic control and road safety system company in Japan in the amount of $40,000, from the completion of a successful POC project of Eye-Net with Continental in the amount of $24,000, and from a successful POC project of Eye-Net with Renault Group in the amount of $27,000. R&D expenses, net, for the full year ended December 31, 2025, were $8,629,000, a decrease of 5.6% compared to $9,143,000 for the full year ended December 31, 2024. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in subcontracted work and consultants. S&M expenses for the full year ended December 31, 2025, were $1,197,000, an increase of 6.9% compared to $1,120,000 for the full year ended December 31, 2024. G&A expenses for the full year ended December 31, 2025, were $2,613,000, a decrease of 2.4% compared to $2,677,000 for the full year ended December 31, 2024. Financial income, net, for the full year ended December 31, 2025, was $78,000, compared to financial income, net, of $1,538,000 for the full year ended December 31, 2024. Financial income, net, for the year ended December 31, 2025, consisted of interest income in the amount of $155,000, offset by a revaluation of the Rail Vision warrants to their fair value in the amount of $53,000, and from exchange rate differences and other items in the amount of $24,000. Financial income, net, for the year ended December 31, 2024, consisted of a gain from the sale of all Rail Vision shares and from a revaluation of the Rail Vision warrants to their fair value in the amount of $1,444,000, and from interest income in the amount of $431,000, offset by exchange rate differences and other items in the amount of $337,000. GAAP net loss for the full year ended December 31, 2025, was $12,103,000, or $0.12 per ordinary share, an increase of 8.7% compared to a GAAP net loss of $11,138,000, or $0.02 per ordinary share, for the full year ended December 31, 2024. Non-GAAP net loss for the full year ended December 31, 2025, was $11,156,000, or $0.11 per ordinary share, an increase of 7.8% compared to a non-GAAP net loss of $10,350,000, or $0.02 per ordinary share, for the full year ended December 31, 2024. Balance Sheet Highlights Cash and cash equivalents and restricted cash totaled $6.3 million as of December 31, 2025, compared to $7.2 million in cash, restricted cash, and short-term deposits as of December 31, 2024. GAAP total equity totaled $5.1 million as of December 31, 2025, a decrease of 24.1% compared to $6.7 million as of December 31, 2024. The decrease is mainly attributed to the net loss for the period in the amount of $12,103,000 offset by share-based payments in the amount of $947,000, and from issuance of ordinary shares, net of issuance expenses, in the amount of $9,476,000. 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 deemed 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 systems 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 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, 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 its belief that its milestone agreements with leading global players validates its innovative 3D perception and V2X technologies and positions Foresight for accelerated commercialization in key markets worldwide, the project with Big Bang, ongoing development and deployment of Eye-Net’s V2X collision-prevention platform, the aims of joint initiative between Eye-Net and SoftBank, the development phase with a leading Japanese manufacturer and expectation about its completion, the timing thereof and the initial revenues, expectations about initial product sales and potential revenue and the timing thereof, and the Company’s global expansion in 2026. 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 contents of third party websites. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC [email protected] FORESIGHT AUTONOMOUS HOLDINGS LTD. CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands Supplemental cash flow information related to Non-Cash Activities: SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) U.S. dollars in thousands

Following a very successful collaboration, the parties are in active commercial discussions to pursue joint commercialization of the solution Ness Ziona, Israel, March 13, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that its majority-owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), together with Renault Group, Orange S.A. (“Orange”) and other participants, recently announced the successful completion of a large-scale live trial of the SafeCycloMove “Collision Prevention” project in the city of Bordeaux, France. The initiative is a part of Eye-Net’s ongoing collaboration with Software République to advance smart mobility innovation and support efficient urban transportation in France and across Europe. The live trial demonstrated positive technical performance across all key parameters, including positioning accuracy, ultra-low latency, stable real-time communication, and full scalability under heavy load. These results confirm the real-world readiness of Eye-Net’s vehicle-to-everything (“V2X”) collision-prevention technology in a live public-transportation environment involving buses and cyclists. Led by the Lab TBMouv, Bordeaux Métropole and Keolis Bordeaux Métropole Mobilités, during the trial, Eye-Net’s Software development kit was integrated into several different applications at the same time, including an app by Orange, Keolis’ TBM app for cyclists, and the Atos app installed inside buses, all in collaboration with Renault Group, Allianz, Atos SE and the Bordeaux INP. The trial took place across Bordeaux’s public transportation network. Eye-Net’s alerting system was integrated into the TBM Mobility App, a public transit navigation platform, enabling real-time data exchange between buses and cyclists to help prevent collisions with vulnerable road users, particularly in areas with obstructed visibility. The trial evaluated the performance and reliability of cooperative collision-prevention alerts, collected feedback from real users, and assessed technical readiness and user acceptance to support broader deployment across transportation networks. About Eye-Net Eye-Net develops next-generation 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 Eye-Net, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; X (formerly Twitter), @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into 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). For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on 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 real-world readiness of Eye-Net’s V2X collision-prevention technology in a live public-transportation environment involving buses and cyclists. 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, 2024 filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, 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 contents of third-party websites. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC [email protected]

Following a very successful collaboration, the parties are in active commercial discussions to pursue joint commercialization of the solution Ness Ziona, Israel, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in 3D perception systems, announced that its majority-owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), together with Renault Group, Orange S.A. (“Orange”) and other participants, have successfully completed the previously announced large-scale live trial of the SafeCycloMove “Collision Prevention” project in the city of Bordeaux, France. The initiative is a part of Eye-Net’s ongoing collaboration with Software République to advance smart mobility innovation and support efficient urban transportation in France and across Europe. The live trial demonstrated positive technical performance across all key parameters, including positioning accuracy, ultra-low latency, stable real-time communication, and full scalability under heavy load. These results confirm the real-world readiness of Eye-Net’s vehicle-to-everything (“V2X”) collision-prevention technology in a live public-transportation environment involving buses and cyclists. “We are extremely satisfied with the results of this large-scale trial and the successful collaboration with our strategic partners for this trial, including Renault Group and Orange,” said Haim Siboni, Chief Executive Officer of Eye-Net. “We believe that these strong results have paved the way for ongoing advanced commercial discussions with our key partners to explore the next phases of implementation and commercialization.” Led by the Lab TBMouv, Bordeaux Métropole and Keolis Bordeaux Métropole Mobilités, during the trial, Eye-Net’s Software development kit was integrated into several different applications at the same time, including an app by Orange, Keolis’ TBM app for cyclists, and the Atos app installed inside buses, all in collaboration with Renault Group, Allianz, Atos SE and the Bordeaux INP. The trial took place across Bordeaux’s public transportation network. Eye-Net’s alerting system was integrated into the TBM Mobility App, a public transit navigation platform, enabling real-time data exchange between buses and cyclists to help prevent collisions with vulnerable road users, particularly in areas with obstructed visibility. The trial evaluated the performance and reliability of cooperative collision-prevention alerts, collected feedback from real users, and assessed technical readiness and user acceptance to support broader deployment across transportation networks. About Eye-Net Eye-Net develops next-generation 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 Eye-Net, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; X (formerly Twitter), @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into 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). For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on 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 real-world readiness of Eye-Net’s V2X collision-prevention technology in a live public-transportation environment involving buses and cyclists and its belief that that these strong results have paved the way for ongoing advanced commercial discussions with its key partners to explore the next phases of implementation and commercialization. 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, 2024 filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, 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 contents of third-party websites. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC [email protected]

NESS ZIONA, Israel, Aug. 15, 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 second quarter and first half of 2025. Second Quarter Corporate Highlights Commercial Agreement with Zhejiang StreamRail - On May 19, 2025, Foresight signed a $12 million revenue potential commercialization agreement with Zhejiang StreamRail Intelligent Control Technology Co., Ltd., a Chinese rail technology company. The collaboration targets the integration of Foresight’s 3D perception systems into urban rail transit, with commercial deployment expected in 2026. Tier-One Automotive Collaboration - On May 14, 2025, the Company announced a collaboration with a global Tier-One automotive supplier to deploy Foresight’s 3D perception technology to improve bus safety. A proof-of-concept phase is undergoing during the second half of 2025. Strategic Collaboration for Industrial Drones in India - On April 10, 2025, Foresight signed a memorandum of understanding with a leading Indian drone manufacturer under the India-Israel Industrial research and development and Technological Innovation Fund (I4F) program. The collaboration focuses on rugged autonomous industrial drones equipped with multi-spectrum sensing, targeting a projected $32 million revenue by 2031. On August 4, 2025, the Company announced the funding approval from I4F for its joint development and commercialization project with Big Bang Boom Solutions Pvt. Ltd., a leading Indian drone manufacturer. With a budget of $5 million, the project is scheduled to begin in September 2025 and will span a 24-month period. The goal of the project is to gradually introduce a variety of mass production drone solutions. First Half 2025 Corporate Highlights Eye-Net Mobile Funding Round - On March 7, 2025, Eye-Net Mobile Ltd. (“Eye-Net”) raised approximately $2.75 million in private and institutional financing, supporting product development and commercialization efforts. The investment round valued Eye-Net at approximately $45 million pre-money. Technological Upgrades with NVIDIA Jetson Orin Platforms - Foresight enhanced its perception systems in early 2025 by integrating NVIDIA Jetson Orin Nano and AGX platforms, significantly boosting AI processing capabilities for both its automotive and drone applications. Haim Siboni, Chief Executive Officer at Foresight Automotive, commented: “The first half of 2025 marked a period of meaningful progress for Foresight as we continued to convert our technological leadership into commercial traction. We signed two strategic agreements, one in the rail sector and another in the automotive space with a leading Tier-One supplier, validating our 3D perception solutions in safety-critical markets with long-term revenue potential. These agreements are important milestones in our journey to scale our proprietary technology across industrial verticals. In parallel, our wholly owned subsidiary, Eye-Net, made substantial advances in the vehicle-to-everything (“V2X”) safety domain. The completion of a paid proof-of-concept with a major European original equipment manufacturer, followed by successful trial results in France in collaboration with Orange S.A., demonstrate strong product-market fit and growing momentum. Looking ahead to the second half of the year, we are encouraged by the progress of our commercialization pipeline and the growing interest in our solutions from global partners. We believe that the foundation laid in the first half of 2025 positions Foresight for an exciting next phase of global expansion.” Second Quarter 2025 Financial Results Revenues for the three months ended June 30, 2025, were $128,000, compared to $123,000 for the three months ended June 30, 2024. The revenues were generated primarily by Foresight from the commercialization agreement with Elbit Systems Ltd. (“Elbit”) and by Eye-Net from the successful completion of integration and live field testing with Software République. Research and development (R&D) expenses, net for the three months ended June 30, 2025, were $2,156,000, a decrease of 8.9% compared to $2,367,000 for the three months ended June 30, 2024. The decrease is mainly attributable to a decrease in subcontracted work and consultants and to lower rent and office maintenance costs. Sales and marketing (S&M) expenses for the three months ended June 30, 2025, were $295,000, a decrease of 5.1% compared to $311,000 for the three months ended June 30, 2024. The decrease is mainly attributed to a decrease in consultants’ costs. General and administrative (G&A) expenses for the three months ended June 30, 2025, were $586,000, a decrease of 3.6% compared to $608,000 for the three months ended June 30, 2024. The decrease is primarily attributable to a decrease in professional services. Finance income, net for the three months ended June 30, 2025, was $136,000, compared to finance income, net of $29,000 for the three months ended June 30, 2024. 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. Finance income, net for the three months ended June 30, 2024, consisted of interest income in the amount of $138,000, offset by exchange rate differences and other offsetting factors in the amount of $109,000. Generally accepted accounting principles in the United States (GAAP) net loss for the three months ended June 30, 2025, was $2,815,000, or $0.005 per ordinary share, compared to a GAAP net loss of $3,172,000, or $0.01 per ordinary share, for the three months ended June 30, 2024. Non-GAAP net loss for the three months ended June 30, 2025, was $2,598,000, or $0.004 per ordinary share, compared to a non-GAAP net loss of $3,030,000, or $0.01 per ordinary share, for the three months ended June 30, 2024. 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 2025 Financial Results Revenues for the six months ended June 30, 2025, were $240,000, compared to $224,000 for the six months ended June 30, 2024. The revenues were generated primarily by Foresight from the commercialization agreement with Elbit and by Eye-Net from the successful completion of integration and live field testing with Software République. R&D expenses, net for the six months ended June 30, 2025, were $4,426,000, a decrease of 2.2% compared to $4,525,000 for the six months ended June 30, 2024. The decrease is mainly attributable to a decrease in payroll and related expenses and to lower rent and office maintenance costs. S&M expenses for the six months ended June 30, 2025, were $629,000, an increase of 9.2% compared to $576,000 for the six months ended June 30, 2024. The increase is mainly attributable to an increase in payroll and related expenses. G&A expenses for the six months ended June 30, 2025, were $1,296,000, an increase of 11.6% compared to $1,161,000 for the six months ended June 30, 2024. The increase is mainly attributable to an increase in share-based compensation. Finance income, net for the six months ended June 30, 2025, was $100,000, compared to finance income, net of $1,402,000 for the six months ended June 30, 2024. Finance income, net for the six months ended June 30, 2025, consisted from interest income in the amount of $93,000, a gain from the revaluation of marketable equity securities to their fair value in the amount of $50,000, and exchange rate differences in the amount of $85,000, offset by other factors in the amount of $128,000. Finance income, net for the six months ended June 30, 2024, consisted of a gain from the revaluation and sale of the Company’s stake in Rail Vision Ltd. to its fair value in the amount of $1,393,000 and interest income in the amount of $281,000, offset by exchange rate differences and other offsetting factors in the amount of $272,000. GAAP net loss for the six months ended June 30, 2025, was $6,095,000, or $0.01 per ordinary share, compared to a GAAP net loss of $4,708,000, or $0.01 per ordinary share, for the six months ended June 30, 2024. Non-GAAP net loss for the six months ended June 30, 2025, was $5,636,000, or $0.01 per ordinary share, compared to a non-GAAP net loss of $4,425,000, or $0.01 per ordinary share, for the six months ended June 30, 2024. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Balance Sheet Highlights Cash, cash equivalents and restricted cash totaled $6,392,000 as of June 30, 2025, compared to $7,182,000 in cash, cash equivalents and restricted cash as of December 31, 2024. GAAP total equity totaled $5,625,000 as of June 30, 2025, a decrease of 16.4% compared to $6,730,000 as of December 31, 2024. The decrease is mainly attributable to the net loss for the period in the amount of $6,095,000, offset by the issuance of ordinary shares and warrants, net of issuance expenses in the amount of $4,482,000, and stock-based compensation in the amount of $459,000. 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 purposes of the collaboration between it and Zhejiang StreamRail Intelligent Control Technology Co. and the expected start of the commercial deployment thereof, the prospective proof-of-concept phase between it and the Tier-One automotive supplier to deploy Foresight’s 3D perception during the second half of 2025, the revenue target of the industrial drone memorandum of understanding in India, the goal and expected start date of the joint development and commercialization project with Big Bang Boom Solutions Pvt. Ltd, the belief that its strategic agreements have validated its 3D perception solutions, the belief that Eye-Net’s completion of a paid proof-of-concept with a major European original equipment manufacturer, followed by successful trial results in France in collaboration with Orange S.A., demonstrate strong product-market fit and growing momentum, and the belief that the foundation laid in the first half of 2025 positions it for an exciting next phase of global expansion. 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, 2024, filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, 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 FORESIGHT AUTONOMOUS HOLDINGS LTD. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) U.S. dollars in thousands

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. Foresight had revenues of $436,000 for the year ended December 31, 2024 and ended the year 2024 with $7.2 million in cash, cash equivalent and restricted cash. Since the beginning of 2025, the Company has secured an additional $4.75 million in financing, mainly through the sale of securities in Eye-Net Mobile Ltd. (“Eye-Net”), which we believe has strengthened the Company’s financial position. For the year ended December 31, 2024, the Company reported a U.S. generally accepted accounting principles (“GAAP”) net loss of $11.1 million, a 39.5% decrease from a GAAP net loss of $18.4 million reported for the same period in 2023. Foresight reported a GAAP net loss of $3.1 million for the fourth quarter 2024, compared to $3.6 million for the fourth quarter of 2023, and a non-GAAP net loss of $2.8 million for the fourth quarter of 2024, compared to $3.3 million for the fourth quarter of 2023. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. "The fourth quarter of 2024 was a transformative period for Foresight, marked by significant strategic agreements and technological advancements across multiple industries,” commented Haim Siboni, Chief Executive Officer of Foresight. “From launching our cutting-edge stereoscopic sensor kits to securing major collaborations in autonomous tractors, smart parking, and artificial intelligence-driven mobility solutions, we have reinforced our leadership in 3D perception technology.” “We are pleased to report progress in our strategic collaboration with KONEC Co. Ltd. (“KONEC”) in South Korea. Our ongoing co-development efforts have established a strong foundation for commercializing our advanced 3D perception solutions. We anticipate substantial revenue opportunities from this collaboration and are committed to contributing to South Korea's continued technological leadership in the autonomous vehicle sector.” “Additionally, Eye-Net, Foresight’s wholly owned subsidiary, made important strides in the European market through its agreement with Software République, with key players such as the Renault Group and Orange S.A., advancing the deployment of its vehicle-to-everything (“V2X”) collision prevention solution to enhance urban mobility and road safety.” “Furthermore, we believe that our alignment with the expected U.S. regulatory support and federal framework for autonomous vehicles underscores the long-term potential of our technology. With commercial agreements projecting millions in potential future revenue and potential joint ventures on the horizon, Foresight is well on its way to shaping the future of autonomous mobility and industrial automation," concluded Siboni. Recent Corporate Highlights: Foresight signed a commercial cooperation agreement with South Korean Tier-One supplier KONEC to distribute Foresight’s advanced 3D perception solutions across multiple sectors, including passenger and commercial vehicles, autonomous logistics, geofenced autonomous vehicles, agriculture, and heavy machinery. KONEC forecasts sales of $1.5 million by 2027, with potential revenues reaching $7 million by 2029. The agreement grants KONEC exclusive distribution rights in South Korea for 2025, contingent on meeting sales targets. Following a successful co-development project backed by Hyundai’s Foundation of Korea Automotive Parts Industry Promotion, the parties are also considering a joint venture, including a potential manufacturing facility, to accelerate commercialization. Foresight and Tata Elxsi Limited signed a multi-phase collaboration agreement to accelerate the development and commercialization of advanced driver assistance systems (“ADAS”) and autonomous vehicle solutions. The partnership will leverage Foresight’s 3D stereoscopic technology and Tata Elxsi Limited’s system integration expertise, initially targeting the Indian automotive market before expanding globally. The collaboration will focus on integrating ADAS into passenger vehicles, heavy machinery, and agricultural equipment, with plans to develop semi- and fully autonomous vehicle features. Tata Elxsi Limited will introduce and promote Foresight’s technology to its customer base. This collaboration aims to enhance vehicle safety and efficiency while expanding Foresight’s presence in the Indian market. Foresight launched six advanced stereoscopic sensor kits—ScaleCam™ Vision, ScaleCam™ Thermal, and QuadSight® in various configurations—to enhance 3D perception in industrial automation and autonomous mobility. Designed for serial production, these kits empower developers and manufacturers across diverse sectors, including automated special purpose vehicles, warehouse and logistics automation, drones, unmanned aerial vehicles, aviation, and autonomous vehicle applications. ScaleCam Vision delivers high-resolution 3D point clouds, ScaleCam Thermal ensures reliable performance in poor visibility, and QuadSight integrates visible-light and thermal imaging for cost-effective autonomous solutions. The portfolio aims to accelerate innovation by providing developers with highly accurate 3D perception tools, reducing development time and enhancing safety across multiple industries. Foresight announced that its cutting-edge 3D perception technology is in line with expected regulatory support for autonomous vehicles under the Trump administration. With a commitment to establishing a federal framework for self-driving technology, the Trump administration’s approach could create new opportunities for Foresight’s stereoscopic vision systems, which combine visible-light and thermal infrared cameras for precise environmental mapping and object detection. The Company believes its technology is suited for integration as a primary sensor suite in autonomous vehicles, addressing regulatory challenges while advancing innovation in the U.S. autonomous transportation sector. Eye-Net Mobile signed an agreement with Software République to integrate and test its V2X collision prevention solution in Bordeaux, France. This initiative, part of a broader mobility project involving major industry players and public institutions, aims to enhance road safety through real-time digital services. Successful testing could lead to widespread deployment across Bordeaux and expansion into multiple European cities. Eye-Net’s technology provides real-time alerts to road users, creating a safer and more connected transportation ecosystem while opening significant commercial opportunities in the European mobility sector. Foresight, GINT Ltd, and KONEC signed a multi-phase collaboration agreement to develop advanced 3D perception solutions for autonomous tractors and construction equipment in South Korea. Initially, they will design and commercialize autonomous tractor kits incorporating Foresight's visible-light and thermal infrared camera technology to enhance safety and efficiency. The partnership aims to expand into semi- and fully autonomous solutions for commercial vehicles and fleet management. The parties plan to finalize a commercial agreement by early 2025, with the intent to drive innovation in agricultural and construction automation. Foresight signed a collaboration agreement with Bumhan Motors Ltd., a leading South Korean bus manufacturer, to develop advanced 3D perception solutions for autonomous electric buses and commercial vehicles. The collaboration aims to enhance safety and efficiency, with plans to finalize a commercial agreement in the first half of 2025. Bumhan Motors Ltd. projects sales of 200 electric buses in 2025, increasing to 3,000 units annually by 2029, marking a significant opportunity for Foresight in the autonomous vehicle market. Fourth Quarter 2024 Financial Results Revenues for the fourth quarter of 2024 decreased by 26.8% to $101,000, compared to $138,000 for the fourth quarter of 2023. The revenues were generated primarily from the successful completion of a proof-of-concept (“POC”) project with KONEC in the amount of $33,000 and from a commercialization agreement with Elbit Systems Land Ltd. ("Elbit") in the amount of $32,000. Research and development (“R&D”) expenses, net for the fourth quarter of 2024 were $2,176,000, a 10.5% decrease compared to $2,430,000 for the fourth quarter of 2023. The decrease is mainly attributable to a decrease in payroll and related expenses and decrease in subcontracted work and consultants. Sales and marketing (“S&M”) expenses for the fourth quarter of 2024 were $306,000, an increase of 5.5% compared to $290,000 for the fourth quarter of 2023. General and administrative (“G&A”) expenses for the fourth quarter of 2024 were $770,000, an increase of 14.1% compared to $675,000 in the fourth quarter of 2023. The increase is primarily attributable to an increase in other expenses. Financial income, net for the fourth quarter of 2024 was $75,000, compared to financial expenses, net of $255,000 in the fourth quarter of 2023. Financial income, net for the fourth quarter of 2024, consisted of a profit from the revaluation of the Company’s investment in Rail Vision Ltd. ("Rail Vision") to its fair value in the amount of $57,000 and from interest income in the amount of $43,000, offset by exchange rate differences and other expenses in the amount of $25,000. Finance expenses, net for the fourth quarter of 2023, consisted of a loss from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $759,000, offset by exchange rate differences and others in the amount of $383,000 and by interest income in the amount of $121,000. GAAP net loss for the fourth quarter of 2024 was $3,100,000, or $0.01 per ordinary share, compared to a GAAP net loss of $3,551,000, or $0.011 per ordinary share, in the fourth quarter of 2023. Non-GAAP net loss for the fourth quarter of 2024 was $2,847,000, or $0.01 per ordinary share, compared to a non-GAAP net loss of $3,293,000 in the fourth quarter of 2023, or $0.01 per ordinary share. 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. Full Year 2024 Financial Results Revenues for the full year ended December 31, 2024, decreased by 12.3% to $436,000, compared to $497,000 for the full year ended December 31, 2023. The revenues for the full year ended December 31, 2024 were generated primarily from the commercialization agreement of the Company with Elbit in the amount of $162,000, from the completion of a successful POC project with KONEC in the amount of $55,000, from the completion of a successful POC project of Eye-Net with SoftBank Corp. in the amount of $74,000 and from a successful POC project of Eye-Net with two leading Japanese vehicle manufacturers in the amount of $83,000. R&D expenses, net for the full year ended December 31, 2024, were $9,143,000, a decrease of 21.1% compared to $11,587,000 for the full year ended December 31, 2023. The decrease is mainly attributable to a decrease in payroll and related expenses and a decrease in subcontracted work and consultants, offset by an increase in travel expenses. S&M expenses for the full year ended December 31, 2024, were $1,120,000, a decrease of 42.2% compared to $1,939,000 for the full year ended December 31, 2023. The decrease is mainly attributable to a decrease in payroll and related expenses, a decrease in consultants and a decrease in exhibitions and travel expenses. G&A expenses for the full year ended December 31, 2024, were $2,677,000, a decrease of 14.2% compared to $3,119,000 for the full year ended December 31, 2023. The decrease is mainly attributable to a decrease in payroll and related expenses and in professional services. Financial income, net for the full year ended December 31, 2024, was $1,538,000, compared to financial expenses, net of $2,119,000 for the full year ended December 31, 2023. Financial income, net for the year ended December 31, 2024, consisted of gain from the sale of all Rail Vision shares and from the revaluation of the Rail Vision warrants to its fair value in the amount of $1,444,000 and from interest income in the amount of $431,000, offset by exchange rate differences and others in the amount of $337,000. Financial expenses, net for the year ended December 31, 2023, consisted of loss from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $2,320,000 and from exchange rate differences and others in the amount of $466,000, offset by interest income in the amount of $667,000. GAAP net loss for the full year ended December 31, 2024, was $11,138,000, or $0.02 per ordinary share, a decrease of 39.5% compared to a GAAP net loss of $18,410,000 for the full year ended December 31, 2023, or $0.056 per ordinary share. Non-GAAP net loss for the full year ended December 31, 2024, was $10,350,000, or $0.02 per ordinary share, a decrease of 39% compared to a non-GAAP net loss of $16,969,000 for the full year ended December 31, 2023, or $0.051 per ordinary share. Balance Sheet Highlights Cash and cash equivalents and restricted cash totaled $7.2 million as of December 31, 2024, compared to $15.7 million in cash, restricted cash, and short-term deposits as of December 31, 2023. GAAP total equity totaled $6.7 million as of December 31, 2024, a decrease of 58.1% compared to $16.0 million as of December 31, 2023. The decrease is mainly attributable to the net loss for the period in the amount of $11,138,000 offset by share-based payments in the amount of $788,000, and from the issuance of ordinary shares, net of issuance expenses, in the amount of $903,000. In addition, as a Foreign Private Issuer, Foresight is not required to file or publish its first and third quarter financial results, and does not intend to do so in 2025. 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 deemed 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 systems 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 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, 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 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. 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, 2024, filed with the Securities and Exchange Commission ("SEC") on March 24, 2025, 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 contents of third party websites. Investor Relations Contact:Miri Segal-SchariaCEOMS-IR [email protected] FORESIGHT AUTONOMOUS HOLDINGS LTD.CONDENSED CONSOLIDATED BALANCE SHEETSU.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVELOSSU.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWU.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD.INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWU.S. dollars in thousands SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS(Unaudited) U.S. dollars in thousands