Foresight Q2 FY26 GAAP net loss widens 0.71% to $2.84 million; revenue falls 32.81% to $86,000
FRSX•Q2 FY26 results and operating updates
- Foresight posted a GAAP net loss of USD 2.84 million in Q2 2026, or USD 0.01 per share, versus a loss of USD 2.82 million.
- Revenue slipped 32.81% to USD 86,000, mainly from Elbit commercialization activity and a completed off-road stereo-vision POC.
- R&D expenses fell 10.4% to USD 1.93 million, helped by a USD 189,000 Israeli Innovation Authority grant tied to an Indian drone project.
- Sales and marketing costs rose 30.8% to USD 386,000; G&A increased 12.1% to USD 657,000 on higher legal spending.
- Shareholders rejected a proposed VisionWave strategic investment on July 23, ending the transaction; CEO Haim Siboni reiterated focus on commercialization.
