Revenue growth remains negligible with quarterly figures trapped near $128,000, while the company maintains a rigid cost structure where R&D expenditures consistently exceed $2 million per quarter.
| Sales/Revenue | 460K | 398K | 436K | 497K | 550K | 120K | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | -30.93% | -8.72% | -12.27% | -9.64% | 358.33% | - | - | - | - | - | - | - |
| Cost of Goods Sold | 184K | 140K | 172K | 143K | 252K | 67K | 0 | 0 | 0 | 0 | 10.16K | 0 |
| COGS % of Revenue | - | 35.18% | 39.45% | 28.77% | 45.82% | 55.83% | - | - | - | - | - | - |
| Gross Profit | 276K | 258K | 264K | 354K | 298K | 53K | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | 60% | 64.82% | 60.55% | 71.23% | 54.18% | 44.17% | - | - | - | - | - | - |
| Gross Profit Growth % | - | -2.27% | -25.42% | 18.79% | 462.26% | - | - | - | - | - | - | - |
| Operating Expenses | 12.89M | 12.44M | 12.94M | 16.64M | 17.75M | 16M | 12.84M | 15.03M | 13.32M | 8.86M | 13.18M | 157K |
| OpEx % of Revenue | - | 3125.38% | 2967.89% | 3349.09% | 3227.82% | 13331.67% | - | - | - | - | - | - |
| Selling, General & Admin | 3.9M | 3.81M | 3.8M | 5.06M | 6.22M | 5.83M | 4.27M | 4.82M | 4.68M | 4.77M | 3.79M | 6.65K |
| SG&A % of Revenue | - | 957.29% | 870.87% | 1017.71% | 1130.73% | 4856.67% | - | - | - | - | - | - |
| Research & Development | 8.99M | 8.63M | 9.14M | 11.59M | 11.53M | 10.17M | 8.56M | 10.21M | 8.64M | 4.09M | 902.88K | 33.52K |
| R&D % of Revenue | - | 2168.09% | 2097.02% | 2331.39% | 2097.09% | 8475% | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109 | 53 | 85 | 8.48M | -16 |
| Operating Income | -12.61M | -12.18M | -12.68M | -16.29M | -17.45M | -15.95M | -12.84M | -15.03M | -13.32M | -8.86M | -13.28M | -157K |
| Operating Margin % | -2742.28% | -3060.55% | -2907.34% | -3277.87% | -3173.64% | -13287.5% | - | - | - | - | - | - |
| Operating Income Growth % | - | 3.91% | 22.19% | 6.67% | -9.47% | -24.22% | 14.59% | -12.82% | -50.4% | 33.32% | -8360.51% | - |
| EBITDA | -12.44M | -12.02M | -12.48M | -16.03M | -17.24M | -15.79M | -12.58M | -14.77M | -13.09M | -8.81M | -13.27M | -116.83K |
| EBITDA Margin % | -2704.35% | -3020.1% | -2861.47% | -3224.95% | -3134% | -13155% | - | - | - | - | - | - |
| EBITDA Growth % | 5.46% | 3.65% | 22.16% | 7.01% | -9.19% | -25.46% | 14.81% | -12.87% | -48.57% | 33.63% | -11260.39% | - |
| D&A (Non-Cash Add-back) | 174.5K | 161K | 200K | 263K | 218K | 159K | 254K | 259K | 235K | 49K | 11K | 40.17K |
| EBIT | -12.61M | -12.18M | -12.68M | -16.29M | -17.45M | -15.95M | -12.84M | -15.03M | -13.32M | -8.86M | -3.75M | -157K |
| Net Interest Income | 321.33K | 155K | 422K | 657K | 188.26K | 887K | 0 | 429K | 1.39M | 0 | 0 | 0 |
| Interest Income | 321.33K | 155K | 431K | 667K | 188.26K | 887K | 0 | 429K | 1.57M | 39K | 0 | 0 |
| Interest Expense | 0 | 0 | 9K | 10K | 0 | 0 | 0 | 0 | 181K | 39K | 0 | 5.88K |
| Other Income/Expense | 322K | 78K | 1.54M | -2.12M | -4.22M | 909K | -2.72M | -410K | -1.34M | -7.08M | -8.56M | 5.92K |
| Pretax Income | -12.29M | -12.1M | -11.14M | -18.41M | -21.68M | -15.04M | -15.55M | -15.44M | -14.66M | -15.94M | -1.91M | -467.93K |
| Pretax Margin % | -2672.28% | -3040.95% | -2554.59% | -3704.23% | -3941.09% | -12530% | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | -179K | -429K | -1.16M | 7.24M | -104K | -40.17K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 1.15% | 2.78% | 7.88% | -45.42% | 5.44% | 8.59% |
| Net Income | -12.2M | -12.1M | -11.14M | -18.41M | -21.68M | -15.04M | -15.14M | -15.01M | -14.66M | -15.94M | -13.35M | -157K |
| Net Margin % | -2652.5% | -3040.95% | -2554.59% | -3704.23% | -3941.09% | -12530% | - | - | - | - | - | - |
| Net Income Growth % | 2.13% | -8.66% | 39.5% | 15.07% | -44.16% | 0.72% | -0.9% | -2.41% | 8.06% | -19.45% | -8400.64% | - |
| Net Income (Continuing) | -12.29M | -12.1M | -11.14M | -18.41M | -21.68M | -15.04M | -15.38M | -14.6M | -11.75M | -16.1M | -13.27M | -157K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -306K | -1.12M | 664K | 603K | 453K | 228K | 74K | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -83.77 | -10.80 | -97.25 | -222.64 | -268.69 | -186.60 | -193.81 | -388.82 | -440.48 | -680.74 | -800.87 | -4.40 |
| EPS Growth % | 30.29% | 88.89% | 56.32% | 17.14% | -43.99% | 3.72% | 50.15% | 11.73% | 35.29% | 15% | -18101.59% | - |
| EPS (Basic) | - | -10.80 | -97.25 | -240.26 | -268.69 | -186.60 | -193.81 | -400.43 | -440.48 | -680.74 | -800.87 | -4.40 |
| Diluted Shares Outstanding | 145.65K | 1.12M | 116.62K | 82.82K | 80.68K | 80.64K | 78.17K | 38.65K | 32.98K | 23.59K | 16.82K | 8.97K |
| Basic Shares Outstanding | 145.65K | 1.12M | 116.62K | 76.69K | 77.39K | 80.32K | 78.17K | 37.37K | 32.98K | 23.59K | 16.82K | 8.97K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |
Capital structure dilution risk
According to recent financial disclosures, Foresight's quarterly revenue remains trapped in a narrow range, with the most recent figure of $128,000 highlighting a failure to transition from sporadic pilot-phase engineering projects to a scalable, repeatable commercial model capable of driving meaningful top-line growth.
The revenue trajectory suggests that the company is currently functioning as a boutique R&D consultancy rather than a product-led automotive supplier. Investors should monitor whether the reliance on non-recurring engineering fees will ever yield a transition to high-volume production contracts, as current figures indicate no clear path to commercial scale.
As reported in quarterly filings, the company maintains a rigid cost structure dominated by R&D expenditures that consistently exceed $2 million per quarter, creating a structural imbalance where operating expenses dwarf the limited revenue generated from its specialized autonomous vision and V2X pilot programs.
The persistent R&D spend reflects a high-fixed-cost model that appears disconnected from current commercial demand. This expense discipline suggests that management is prioritizing long-term IP development over immediate operational efficiency, which may necessitate further capital raises to sustain the current burn rate.
Based on the provided income statement data, the quality of earnings is severely compromised by consistent net losses and the ongoing reliance on stock-based compensation, which, as noted in recent filings, continues to dilute existing shareholders while the core business remains in a pre-commercial state.
The recurring net losses and the reliance on equity-based financing suggest that the company's valuation is driven more by speculative IP potential than by fundamental earnings power. Analysts should be wary of the impact of persistent share issuance on per-share metrics, which may obscure the true extent of the operational deficit.
Data from the latest balance sheet and income statement indicates that with cash reserves declining to approximately $6.3 million, the company faces an existential liquidity challenge that warrants further investigation into the timing and terms of potential future dilutive financing events to maintain operations.
Short-sellers would likely focus on the widening gap between the company's cash burn and its inability to secure a transformative commercial contract. The lack of a clear inflection point in the income statement suggests that the current business model may be unsustainable without a significant shift in strategy or external capital support.
Quick answers to the most common questions about buying FRSX stock.
For fiscal year 2025, Foresight Autonomous Holdings Ltd. (FRSX) reported total revenue of $0.4M.
Foresight Autonomous Holdings Ltd. (FRSX) reported a net loss of $12.1M for the fiscal year ending 2025.
Foresight Autonomous Holdings Ltd. (FRSX) reported an operating income of $-12.2M, resulting in an operating profit margin of -3060.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Foresight Autonomous Holdings Ltd. (FRSX) generated $0.3M in gross profit for the year, representing a gross profit margin of 64.8%. This demonstrates the company's core pricing power and production efficiency.