VANCOUVER, BC, Nov. 6, 2025 /CNW/ – Light AI Inc. (“Light AI” or the “Company”) (CBOE CA: ALGO) (FSE: 0HC) (OTCQB:OHCFF), a healthcare technology company focused on developing artificial intelligence (“AI”) health diagnostic solutions, today announced its financial and operating results for its third quarter and year to date for 2025 representing the three and nine months ended September 30, 2025. Financial information is reported in Canadian dollars (“$”) unless otherwise stated and in accordance with International Financial Reporting Standards (“IFRS”).
Financial and Operating Results Summary for the three and nine months ended September 30, 2025
The Company is currently in the development stage of its software technology offering anticipated to be completed in late 2025 with related commercialization initiatives commencing in early 2026. During the three months ended September 30, 2025 (“Q3 2025”), the Company had total operating expenses, exclusive of interest, depreciation and non-cash-based share compensation expense, of $2.2 million compared to $4.0 million for the three months ended June 30, 2025 (“Q2 2925”) and $1.9 million for the three months ended September 30, 2024 (“Q3 2024”). The Company incurred total non cash share-based compensation expense of $3.4 million during Q3 2025 attributable to stock options and deferred share units (DSUs) granted by the Company as approved by its shareholders at the annual general meeting on September 4, 2025 compared to $0.1 million during Q2 2025 and Q3 2024, respectively. The majority of the cash based operating expenses incurred during Q3 2025, exclusive of share-based compensation expense, are attributable to the Company’s continued investment in its product development with total research and development expenses of $1.2 million in Q3 2025 compared to $1.4 million Q2 2025 and $0.7 million in Q3 2024. Other expenses are attributable to marketing and investor relations activities of approximately $0.7 million in Q3 2025 compared to $2.2 million for Q2 2025 and $0.7 million in Q3 2024. The Company had total operating expenses, exclusive of interest, depreciation and non-cash-based share compensation expense, of $10.4 million for the nine months ended September 30, 2025 which increased from $5.2 million in the prior year period due primarily to marketing and investor relations expenses in addition to increased product development costs.
“Light AI continues to make progress with the completion of the Company’s …
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