New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$32m). New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$32m). Breakeven Date Change • Mar 30
Forecast breakeven date moved forward to 2026 The 3 analysts covering Seeing Machines previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of US$18.3m in 2026. Earnings growth of 50% is required to achieve expected profit on schedule. Annonce • Mar 28
Seeing Machines Limited Provides Earnings Guidance for the Fiscal Year 2026 Seeing Machines Limited provided earnings guidance for the fiscal year 2026. For the year, the company expects revenue of USD 79.7 million. Annonce • Jan 13
Seeing Machines Announces the Successful Debut of its Next-Generation 3D Cabin Perception Mapping Platform at CES 2026 Seeing Machines announced the successful debut of its next-generation 3D Cabin Perception Mapping platform at CES 2026, marking a significant step forward in real-time in cabin monitoring intelligence for future mobility. While exterior perception mapping in automated driving focuses on a multi-sensor reconstruction of the vehicle's surrounding environment, the Seeing Machines 3D perception mapping solution demonstrated live at CES delivers a comprehensive, real-time digital reconstruction of inside the vehicle cabin, enabling a holistic, accurate and scalable approach to interior sensing. Built on a "clean-sheet" architecture, the platform is designed to support multiple cameras, multiple occupants and a wide range of features, all from a single, high-trust perception layer. Unlike traditional feature-by- feature approaches, Seeing Machines' 3D Cabin Perception Mapping solves for the entire cabin simultaneously, improving consistency across features and maintaining accuracy even in the presence of intermittent or noisy sensor data. The architecture provides a powerful abstraction layer that decouples feature development from underlying camera configurations and raw sensing implementations. This allows features to be built once and deployed seamlessly across multiple product configurations, reducing development effort, cost and time to market. The platform is designed to extend beyond automotive applications, with potential use cases across robotics and other human-machine interaction environments, including human-robot interaction (HRI) environments, where accurate and scalable perception of people and space is critical. The architecture also supports a mix-and-match approach to 3D technologies, enabling deployment flexibility as sensing hardware and use cases evolve. Real-time digital reconstruction of an automotive cabin environment was showcased, including: 3 cameras covering 3 rows of seating with support for up to 7 vehicle occupants; Body size, shape and a full 3D pose solution for all occupants, including height and weight classification; Out-of-position detection for all occupants, for example, occupant reclining, feet on dash, near-airbag detection for driver; Seat configuration, for example, headrest presence, seat position and recline angle; Child seat detection across entire cabin; and Random object detection across cabin, for example, phones, bags and boxes. New Risk • Jan 06
New major risk - Revenue and earnings growth Earnings have declined by 6.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.3% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$30m). Share price has been volatile over the past 3 months (7.9% average weekly change). Annonce • Jan 06
STRADVISION and Seeing Machines Announce First Public Collaboration Showcasing SVNet FrontVision at CES 2026 STRADVISION announced its first public collaboration with Seeing Machines, to be showcased through a joint front camera perception demonstration at CES 2026. The collaboration features STRADVISION's SVNet FrontVision solution, demonstrated through a video-driven reference implementation designed to support flexible evaluation, visualization, and early technical collaboration. The demo is powered by NVIDIA GPU acceleration within a development-grade environment, enabling rapid iteration and transparent performance assessment across perception outputs. Front Camera Perception Demonstrated in a PC-Based Environment: The demo highlights SVNet FrontVision, STRADVISION's front camera perception software, designed to detect and recognize vehicles, pedestrians, and other road users using video input. By operating within a development and evaluation framework rather than vehicle-integrated hardware, the demonstration allows partners to focus on perception performance, data interpretation, and system behavior at an early stage of collaboration. First Public Collaboration Between STRADVISION and Seeing Machines: This CES 2026 demonstration marks the first public collaboration between STRADVISION and Seeing Machines. The collaboration brings together complementary expertise in external perception and driver monitoring, demonstrating how vehicles could respond intelligently to external conditions and evolving in-cabin dynamics, reflecting a shared vision for combining vision-based technologies within a broader ADAS ecosystem for enhanced safety and convenience. Annonce • Jan 05
Seeing Machines to Unveil 3D Cabin Perception Mapping at CES 2026 Seeing Machines announced it will unveil its next-generation 3D Cabin Perception Mapping solution at CES 2026, the world's leading technology event. Attendees will be invited to experience a live, in-vehicle demonstration showcasing the Company's most advanced automotive interior sensing capabilities to date. The 3D Cabin perception Mapping solution represents a major advancement in in-cabin intelligence, delivering high-fidelity sensing that monitors drivers and all vehicle occupants in real time. By providing a precise, continuous understanding of occupant presence, position and behaviour, the technology enables automakers to unlock new levels of safety performance while enhancing the overall in-vehicle experience across an expanding range of driving scenarios. At CES 2026, Seeing Machines will also demonstrate how its interior sensing technologies operate in concert with exterior sensor systems to create a more holistic perception of the driving environment. This integrated approach enables vehicles to respond intelligently to both complex road conditions and evolving in-cabin dynamics, supporting safer, more adaptive and increasingly automated driving experiences. Seeing Machines' latest Driver and Occupant Monitoring System (DMS/OMS) technology will also be showcased through its integrated rear-view mirror solution, offering a wide field of view to monitor the driver and vehicle occupants. This solution is currently in production as part of the Company's automotive program won to date and represents a significant technical milestone across the industry, as recognised earlier this year at InCabin Europe in Barcelona. The Seeing Machines Future Mobility Group will be present at CES 2026, hosting meetings and demonstrations with leading customers across the autonomous driving ecosystem. The Group's focus is on co-developing next-generation DMS/OMS solutions to support supervised autonomy as the industry accelerates toward broader deployment. In addition, Seeing Machines' technology will be featured across a number of partner exhibits at CES, including collaborations with Valeo, Magna, QNX and Texas Instruments. Major Estimate Revision • Nov 27
Consensus EPS estimates increase by 207% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$0.0015 to US$0.0046. Revenue forecast steady at US$95.4m. Net income forecast to grow 69% next year vs 44% growth forecast for Electronic industry in the United Kingdom. Consensus price target broadly unchanged at UK£0.064. Share price rose 9.5% to UK£0.049 over the past week. Major Estimate Revision • Nov 14
Consensus revenue estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$95.3m to US$109.5m. EPS estimate reaffirmed at US$0.0015. Net income forecast to grow 69% next year vs 58% growth forecast for Electronic industry in the United Kingdom. Consensus price target broadly unchanged at UK£0.063. Share price rose 13% to UK£0.043 over the past week. Annonce • Nov 05
Seeing Machines Limited Announces to Step Down of Gerhard Vorster as Non-Executive Director on November 26, 2025 Seeing Machines Limited announced that Gerhard Vorster, non-executive director of the Seeing Machines board and Chair of the People, Culture and Remuneration Committee, has advised of his intention to step down as a director of the Company at the conclusion of the Company's Annual General Meeting on 26 November 2025. Mr. Vorster has been a Board member since December 2019, leveraging his business knowledge and experience from over 28 years at Deloitte, with roles including Chief Strategy Officer for Australia and Asia Pacific and Managing Partner (Consulting) for the South African, East Asian, Australian and Asia-Pacific practice regions. Annonce • Nov 04
Seeing Machines Limited, Annual General Meeting, Nov 26, 2025 Seeing Machines Limited, Annual General Meeting, Nov 26, 2025. Location: 80 mildura street, fyshwick act 2609, Australia Breakeven Date Change • Oct 15
Forecast breakeven date pushed back to 2027 The 2 analysts covering Seeing Machines previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$15.2m in 2027. Average annual earnings growth of 96% is required to achieve expected profit on schedule. Major Estimate Revision • Oct 08
Consensus revenue estimates increase by 16% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from US$82.0m to US$95.5m. Now expected to report a profit of US$0.0015 instead of losses of -US$0.0016 per share. Electronic industry in the United Kingdom expected to see average net income growth of 45% next year. Consensus price target broadly unchanged at UK£0.063. Share price rose 19% to UK£0.033 over the past week. Breakeven Date Change • Sep 29
Forecast breakeven date pushed back to 2027 The 2 analysts covering Seeing Machines previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 69% to 2026. The company is expected to make a profit of US$6.34m in 2027. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Reported Earnings • Sep 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: US$0.006 loss per share (improved from US$0.008 loss in FY 2024). Revenue: US$62.3m (down 7.8% from FY 2024). Net loss: US$25.3m (loss narrowed 19% from FY 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 23% per year. Annonce • Sep 10
Seeing Machines Limited to Report Fiscal Year 2025 Results on Sep 25, 2025 Seeing Machines Limited announced that they will report fiscal year 2025 results at 6:00 AM, Coordinated Universal Time on Sep 25, 2025 Breakeven Date Change • Aug 27
Forecast breakeven date moved forward to 2026 The 2 analysts covering Seeing Machines previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 43% to 2025. The company is expected to make a profit of US$11.1m in 2026. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Breakeven Date Change • Aug 21
No longer forecast to breakeven The 2 analysts covering Seeing Machines no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$5.30m in 2027. New consensus forecast suggests the company will make a loss of US$2.38m in 2027. Annonce • Jun 27
Seeing Machines Limited Announces Launch of Guardian Generation 3 Trial with Mitsubishi Electric in North America Seeing Machines Limited announced that it has launched a six-week pilot for its class-leading Guardian Generation 3 aftermarket solution with a North American Mitsubishi Electric company. Seeing Machines and Mitsubishi Electric Automotive America Inc. (MEAA) first joined forces through a Referral Agreement, announced in February, to accelerate sales of Guardian Generation 3 in the Americas, leveraging MEAA's deep customer relationships in the region. The joint pursuit of business is already generating a steady pipeline of opportunities, and this first pilot with a US based Mitsubishi Electric company is a direct result of that agreement. It serves to demonstrate the incremental potential that the collaboration can bring to the direct sales effort by Seeing Machines. New Risk • Apr 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$2.0m net loss in 2 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Annonce • Apr 01
Seeing Machines Announces 3D Camera Technology for Next-Generation In-Cabin Monitoring Systems Seeing Machines launched a new type of 3D camera technology designed specifically for in-cabin monitoring. Building on a four-year partnership with Airy3D Inc. Seeing Machines and Airy3D have worked to refine Airy3D's DepthIQTM technology to meet the unique demands of automotive in-cabin monitoring. The new camera delivers not only 3D range data, but also 5MP RGB color and infrared 2D images that have identical image characteristics to those required by today's in-cabin systems. This means the technology is fully compatible with the latest 2D in-cabin software and supports precision eye-tracking across the full cabin field-of-view. It also means that for the first time, 5MP RBGIR 2D and 3D sensing can be supported by a single camera module, with a single sensor and lens. Reported Earnings • Mar 28
First half 2025 earnings released: US$0.004 loss per share (vs US$0.005 loss in 1H 2024) First half 2025 results: US$0.004 loss per share (improved from US$0.005 loss in 1H 2024). Revenue: US$25.3m (down 1.7% from 1H 2024). Net loss: US$18.2m (loss narrowed 7.9% from 1H 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 33% per year. New Risk • Mar 27
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$30m Forecast net loss in 2 years: US$2.1m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$2.1m net loss in 2 years). Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Annonce • Mar 27
Seeing Machines Limited Announces Board and Committee Changes Seeing Machines Limited announced that Michael Brown, a non-executive director of the Seeing Machines board since 2020 and a member of the People, Culture and Remuneration Committee, will be stepping down as a director of the Company with effect from 27 March 2025. Mr. Brown was the nominee director for a major shareholder, Lombard Odier, and his resignation coincides with the shareholding of Lombard Odier falling below 10% after the recent introduction of Mitsubishi Electric Mobility Corporation (MELMB) onto the Company's share register. With the resignation of Mr. Brown, the remaining non-executive directors are all considered to be independent directors. At this stage the Board does not propose to appoint another director. Mr. Stephane Vedie will become a member of the People, Culture and Remuneration Committee. Annonce • Mar 24
Seeing Machines Limited Announces Executive Appointments Seeing Machines Limited announced the appointment of John Noble as its Chief Technology Officer, effective immediately. In this newly created role, John will lead Seeing Machines' technology strategy, innovation initiatives and cutting-edge product development, ensuring the Company is well positioned to respond to accelerating regulatory momentum as growing numbers of OEMs and transport operators in Europe are required to enhance safety through the adoption of driver monitoring system (DMS) technology. John has held a range of engineering roles within Seeing Machines over the past 20 years and is an expert in systems engineering, R&D, engineering management, computer vision, embedded systems, and is Chair of the Company's IP Committee. At the same time, he has spent decades working in a range of customer-facing engagements across Seeing Machines' different business divisions, meaning he brings unique insights that will position the Company to successfully exploit the growing global adoption of DMS as transport safety regulations ramp up. As part of a wider strategic reorganisation of the Company's management structure, Dr Mike Lenné, a recognised global authority on human factors and safety, has been appointed as Seeing Machines' inaugural Chief Safety Officer. Leveraging nearly 30 years of experience at the forefront of human factors research and implementation, Mike will lead efforts to further deepen and expand Seeing Machines' global partnerships with customers, research and technology partners, regulators and safety groups, building close relationships that will drive forward the Company's continued revenue growth while making the world's roads and skies safer. Buy Or Sell Opportunity • Mar 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 52% to UK£0.021. The fair value is estimated to be UK£0.027, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Major Estimate Revision • Feb 26
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$69.6m to US$57.9m. EPS estimate unchanged from -US$0.0035 per share at last update. Electronic industry in the United Kingdom expected to see average net income growth of 15% next year. Consensus price target up from UK£0.077 to UK£0.096. Share price fell 22% to UK£0.03 over the past week. Annonce • Feb 26
Seeing Machines Limited to Report First Half, 2025 Results on Mar 27, 2025 Seeing Machines Limited announced that they will report first half, 2025 results on Mar 27, 2025 New Risk • Jan 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2027 The 2 analysts covering Seeing Machines previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 85% per year to 2026. The company is expected to make a profit of US$9.59m in 2027. Average annual earnings growth of 94% is required to achieve expected profit on schedule. New Risk • Nov 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Nov 05
Seeing Machines Limited, Annual General Meeting, Nov 27, 2024 Seeing Machines Limited, Annual General Meeting, Nov 27, 2024. Location: 80 mildura street, fyshwick act 2609, Australia Reported Earnings • Nov 01
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: US$0.75 loss per share (further deteriorated from US$0.004 loss in FY 2023). Revenue: US$67.6m (up 17% from FY 2023). Net loss: US$31.3m (loss widened 101% from FY 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 186%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. New Risk • Oct 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (US$5.4m net loss in 2 years). Annonce • Oct 17
Seeing Machines Limited to Report Fiscal Year 2024 Results on Oct 31, 2024 Seeing Machines Limited announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Oct 31, 2024 Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 49%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$67.3m to US$68.1m. Forecast EPS reduced from -US$0.0037 to -US$0.0055 per share. Electronic industry in the United Kingdom expected to see average net income growth of 17% next year. Consensus price target broadly unchanged at UK£0.11. Share price was steady at UK£0.051 over the past week. New Risk • Aug 28
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$31m Forecast net loss in 2 years: US$467k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$46m). Currently unprofitable and not forecast to become profitable over next 2 years (US$467k net loss in 2 years). Annonce • Aug 28
Seeing Machines Limited Provides Earnings Guidance for the Year 2024 Seeing Machines Limited provided earnings guidance for the year 2024. Reported Revenue for FY2024 is expected to be USD 67.6 million, representing a 17% increase (FY2023: USD 57.8 million) and in line with market expectations. Annualised Recurring Revenues increased by 11% year-on-year to USD 15.1 million (FY2023: USD 13.6 million). Annonce • Jul 30
Seeing Machines Limited Announces Successful Homologation for Its Inaugural Commercial Vehicle Customer, Wrightbus Seeing Machines Limited announced that its recently launched Guardian Generation 3 AI-powered driver monitoring solution has passed 'homologation' (i.e been approved and certified) for its inaugural commercial vehicle customer, Northern Ireland based Wrightbus. Homologation involves testing, certification and documentation to verify that a Driver Monitoring System (DMS) is compliant with specific regulatory standards in a region or country. This process is rigorous but, crucially, confirms that Guardian Generation 3 has now been approved by the relevant authorities in Europe as compliant for use in reducing the risks associated with drowsy and subsequently distracted driving. Ballmena based Wrightbus, which produces class leading electric and hydrogen powered buses and is known for its cutting-edge and environmentally friendly bus designs, has specifically chosen Seeing Machines' Guardian Generation 3 to ensure compliance with the EU GSR and further enhance the safety features of its fleet, ensuring its drivers remain safe on the roads across Europe and the UK, now and into the future. With Europe's GSR targeting all new vehicles having now come into effect, successful homologation ensures Wrightbus' compliance with a stringent standard known as a Driver Drowsiness and attention Warning (DDAW), using factory-fitted Guardian Generation 3. The process for manufacturers of commercial vehicles to install technology, known as a factory fit, requires significant planning to ensure alignment with the wide range of other technology installed inside the vehicle during the manufacturing process. Wrightbus' homologation is therefore an important milestone for the public transportation sector and logistics industry more widely, and Seeing Machines is confident that this process will continue to be streamlined and made more efficient for subsequent customers. Guardian Generation 3 leverages Seeing Machines' automotive-grade technology with early and continuous drowsiness detection to protect drivers. Major Estimate Revision • Jul 17
Consensus EPS estimates upgraded to US$0.0037 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$68.1m to US$66.6m. 2024 losses expected to reduce from -US$0.0041 to -US$0.0037 per share. Electronic industry in the United Kingdom expected to see average net income growth of 15% next year. Consensus price target down from UK£0.12 to UK£0.11. Share price was steady at UK£0.046 over the past week. Major Estimate Revision • Jul 08
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$67.4m to US$66.4m. Losses expected to increase from US$0.0041 per share to US$0.0051. Electronic industry in the United Kingdom expected to see average net income growth of 17% next year. Consensus price target down from UK£0.12 to UK£0.11. Share price rose 5.1% to UK£0.046 over the past week. Reported Earnings • Mar 20
First half 2024 earnings released: US$0.005 loss per share (vs US$0.001 loss in 1H 2023) First half 2024 results: US$0.005 loss per share (further deteriorated from US$0.001 loss in 1H 2023). Revenue: US$25.7m (up 5.5% from 1H 2023). Net loss: US$19.8m (loss widened 329% from 1H 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Breakeven Date Change • Mar 18 The 3 analysts covering Seeing Machines previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 78% per year to 2025. The company is expected to make a profit of US$16.3m in 2026. Average annual earnings growth of 0.04% is required to achieve expected profit on schedule.
Annonce • Feb 08
Seeing Machines Limited to Report First Half, 2024 Results on Mar 18, 2024 Seeing Machines Limited announced that they will report first half, 2024 results on Mar 18, 2024 Breakeven Date Change • Feb 05
Forecast to breakeven in 2026 The 3 analysts covering Seeing Machines expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$16.5m in 2026. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Annonce • Jan 09
Seeing Machines Limited Launches Guardian Generation 3, the Latest Version of Its Aftermarket Driver Monitoring System Seeing Machines Limited launched Guardian Generation 3, the latest version of its Aftermarket Driver Monitoring System (DMS). Guardian Generation 3 has been independently tested and confirmed to meet the European Commissions' General Safety Regulation for Drowsiness Detection, a requirement for all new cars, vans trucks and buses across Europe from July 2024. Guardian Generation 3 also features refined microsleep detection and eye-gaze tracking which enhances its ability to accurately detect distracted driving. Seeing Machines has been protecting commercial transport and logistics companies with its aftermarket Guardian solution globally, with over 14 billion kilometres of recorded travel across 54,000 vehicles. The third generation Guardian hardware also delivers a range of features that leverage the Company's proven automotive-grade algorithms and precision optics to deliver premium performance in the most demanding real-world driving conditions. As operators around the world continue to seek out reliable safety technology for their fleets, so too are commercial vehicle manufacturers. This enhanced Guardian technology offers compliance certainty for these OEMs who can now implement the technology via factory-fit or "after manufacture" and offer their customers the opportunity to buy fully compliant, road-ready vehicles. Breakeven Date Change • Nov 28
Forecast to breakeven in 2026 The 3 analysts covering Seeing Machines expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$16.1m in 2026. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Annonce • Nov 01
Seeing Machines Limited, Annual General Meeting, Nov 29, 2023 Seeing Machines Limited, Annual General Meeting, Nov 29, 2023, at 17:00 AUS Eastern Standard Time. Location: 80 Mildura Street, Fyshwick ACT 2609 Canberra Australia Agenda: To consider Annual Financial Report, Directors' Report and Auditor's Report;to consider Re-election of Director;to consider Election of Director;to consider Approval of the 2023 Employee Benefits Plan;to consider Approval to Issue Rights to Managing Director; and to consider other matters. Annonce • Oct 26
Seeing Machines Limited Announces Board Changes Seeing Machines Limited announced that it has appointed Stephane Vedie as a non-executive director and to the company’s board, effective immediately. Stephane Vedie is a seasoned CEO with a track record of growth and significant expertise in M&A. He has 25 years’ experience in the automotive industry, working for global corporations in Europe and North America, and is currently the CEO of LUXIT Group based in Michigan USA. Prior to LUXIT Group, Mr. Vedie was CEO of Magneti Marelli (now Marelli) and prior to that, CEO for global company Varroc Lighting Systems (now Plastic Omnium Lighting). He is currently a non-executive director of CLM Search Ltd. in London. Stephane holds a Master's degree in Purchasing Management (DESS/MBA) from Grenoble University (1997) and a Master's degree in Business from the Graduate Business School of Amiens in France (1996). He will become a member of the Risk, Audit and Finance Committee upon appointment Additionally, Yong Kang (YK) Ng, non-executive director of the company’s board since 2016, and a member of the Risk, Audit & Finance Committee, has advised his intention not to stand for re-election at the company's annual general meeting in November 2023. Reported Earnings • Oct 18
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: US$0.004 loss per share (improved from US$0.005 loss in FY 2022). Revenue: US$57.8m (up 48% from FY 2022). Net loss: US$15.5m (loss narrowed 16% from FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Oct 16
Seeing Machines Limited Provides Revenue Guidance for the Fiscal Year 2026 Seeing Machines Limited provided revenue guidance for the fiscal year 2026. For the year, revenue expectations of not less than USD 125 million. New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Major Estimate Revision • Sep 22
Consensus revenue estimates increase by 26%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$72.0m to US$90.4m. EPS estimate fell from -US$0.0057 to -US$0.007 per share. Electronic industry in the United Kingdom expected to see average net income growth of 27% next year. Consensus price target down from UK£0.16 to UK£0.11. Share price fell 7.7% to UK£0.056 over the past week. Recent Insider Transactions Derivative • Sep 10
CEO & Executive Director exercised options to buy UK£424k worth of stock. On the 6th of September, Paul McGlone exercised options to buy 8m shares at a strike price of around UK£0.06, costing a total of UK£450k. This transaction amounted to 1,250% of their direct individual holding at the time of the trade. Since March 2023, Paul's direct individual holding has increased from 540.00k shares to 600.00k. Company insiders have collectively bought UK£797k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Sep 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Breakeven Date Change • Sep 03
Forecast breakeven date pushed back to 2026 The 2 analysts covering Seeing Machines previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$9.18m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Major Estimate Revision • Aug 25
Consensus EPS estimates upgraded to US$0.0057 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$72.7m to US$67.0m. 2023 losses expected to reduce from -US$0.0064 to -US$0.0057 per share. Electronic industry in the United Kingdom expected to see average net income growth of 26% next year. Consensus price target up from UK£0.14 to UK£0.15. Share price was steady at UK£0.058 over the past week. Major Estimate Revision • Jul 25
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$61.3m to US$54.7m. EPS estimate unchanged from -US$0.0052 per share at last update. Electronic industry in the United Kingdom expected to see average net income growth of 13% next year. Consensus price target broadly unchanged at UK£0.15. Share price fell 3.2% to UK£0.051 over the past week. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Director Michael Brown was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 13
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$82.3m to AU$68.2m. Forecast losses increased from -AU$0.0052 to -AU$0.0059 per share. Electronic industry in the United Kingdom expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at UK£0.16. Share price fell 11% to UK£0.063 over the past week. Reported Earnings • Mar 07
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.003 loss in 1H 2022). Revenue: AU$24.4m (up 54% from 1H 2022). Net loss: AU$5.42m (loss narrowed 47% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Annonce • Feb 15
Seeing Machines Limited to Report First Half, 2023 Results on Mar 06, 2023 Seeing Machines Limited announced that they will report first half, 2023 results on Mar 06, 2023 Recent Insider Transactions • Jan 18
Chief Financial Officer recently bought UK£76k worth of stock On the 13th of January, Martin Ive bought around 1m shares on-market at roughly UK£0.066 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of UK£105k worth in shares. Reported Earnings • Oct 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: AU$0.01 loss per share (further deteriorated from AU$0.005 loss in FY 2021). Revenue: AU$54.4m (up 15% from FY 2021). Net loss: AU$25.3m (loss widened 45% from FY 2021). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Jul 01
Forecast to breakeven in 2025 The 4 analysts covering Seeing Machines expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$1.00m in 2025. Average annual earnings growth of 39% is required to achieve expected profit on schedule. Reported Earnings • Mar 31
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up AU$16.8m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 35%, compared to a 7.8% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year. 
