FORESIGHT AUTONOMOUS STOCK SOFTWARE
FORESIGHT AUTONOMOUS STOCK LICENSE

I was once on the board of directors of a similar foreign company that had an ADR on Nasdaq. An R&D company finds it hard to break out of the R&D mode and become a commercial company that has to make a profit. That is the only clear explanation I can give of what is going on with FRSX stock. That’s me putting on my speculative, wishful thinking hat for a company – Foresight – that has lots of promise but no revenue. After all, most of the purchase price would be in shares of your overvalued stock. If you wanted to make sure no other firm could get hold of their technology you might be willing to make it a round number, such as $1 billion. After all, if your valuation is inflated because the market believes your firm is heading to EV status, you can afford to overpay for FRSX stock.

FORESIGHT AUTONOMOUS STOCK LICENSE

Therefore, you will either have to license a technology from a company like Foresight or frankly, you could just buy the company. And you can’t offer an EV without an autonomous driving system since all your competitors will be doing this. You might not have the wherewithal to do the research to produce an autonomous driving system.

You see the handwriting on the wall – a need to be fully electric within the next decade.

Let’s say you are an automotive manufacturing company or even just a truck, van or fleet company. One Scenario That Might Explain Everything That is the only reasonable reason why FRSX stock could have risen so far so fast especially after doing the capital raise. The problem is somebody might be buying that knows what is really going on with the company, or if they have a huge order or something like that. The most likely candidate to use their technology on a huge scale is an electric vehicle company that does not presently have its own autonomous driving capability. This is a good guilty that gives it the same kind of excessively high valuation that other EV stocks exhibit. The amounts to a speculative frenzy.Įven though Foresight is not exactly an EV company or an EV stock, it is clearly guilty by association. Since then FRSX has doubled to $8.28 as of Feb. The capital raise was at a price of $4.15 on Dec. However, recently Foresight was able to raise about $26 million in a recent ADS sale to institutional investors. Foresight has had a string of losses, with no revenue, capping at negative $11.36 million for the nine months ending Sept. To be more precise, there is no contract that would lead any thinking investor to pay $523 million, Foresight’s market capitalization, for the whole company. For example, there is no clear announcement of major contracts with any firm that will bring in substantial revenue for its autonomous vision systems. The company likely believes it is on the way to commercialize its products, but there is no way to assess that right now. It has no revenue, no prospects of revenue, but interest from an Israeli defense firm and a Chinese firm.

FORESIGHT AUTONOMOUS STOCK SOFTWARE

The reason is this Israeli technology company is making software for stereo/quad-camera vision systems for the automotive industry.

Foresight autonomous stock