Light AI Inc. Reports Q1 2025 Financial Results

VANCOUVER, BC, May 15, 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 and wellness solutions, has announced its financial and operating results for the first quarter of 2025, covering the period ending March 31, 2025. The financial information is reported in Canadian dollars ("$") unless otherwise stated and is in accordance with International Financial Reporting Standards (“IFRS”).

Financial and Operating Results Summary for Q1 2025

Light AI is currently in the development stage of its software technology offering, with commercialization anticipated to commence in Q3 2025. During the three months ended March 31, 2025, the company reported total operating expenses, exclusive of interest, depreciation, and share-based payments, of approximately $4.2 million. This represents a significant increase from the approximately $1.4 million reported in the same period of the previous year. The rise in expenses is primarily due to the company’s continued investment in product development. Specifically, research and development expenses for Q1 2025 were approximately $1.2 million, compared to approximately $919,000 in the prior year period. Additionally, there were increased expenditures in marketing and investor relations activities.

Company Overview

Light AI Inc. is listed on the OTC Bulletin Board and trades in USD. As of May 14, 2025, the company’s close price was $0.27, with a 52-week high of $0.55 on February 26, 2025, and a 52-week low of $0.1703 on May 11, 2025. The company has a market capitalization of $36,960,000.

The company is focused on developing AI-driven health diagnostic and wellness solutions, positioning itself at the forefront of healthcare technology innovation. As it progresses through the development stage, Light AI is preparing for the commercialization of its software technology, which is expected to begin in the third quarter of 2025.

Conclusion

Light AI Inc.’s Q1 2025 financial results reflect its strategic investments in product development and market positioning. As the company moves towards the commercialization phase, stakeholders will be closely monitoring its progress and financial performance in the coming quarters.