Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Breakeven Date Change • Jan 01
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. Duyuru • 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 released: US$0.75 loss per share (vs US$0.004 loss in FY 2023) 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 is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 140 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Nov 01
Now 60% undervalued after recent price drop Over the last 90 days, the stock has fallen 67% to €0.017. The fair value is estimated to be €0.041, 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 188%. Revenue is forecast to grow by 8.1% in a year. Earnings are forecast to grow by 53% in the next year. 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: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). 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). Duyuru • 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 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: Major Risk Share price has been highly volatile over the past 3 months (35% average weekly change). 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). Duyuru • 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). Duyuru • 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. 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 10% growth forecast for the Electronic industry in Germany. 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 23% per year, which means it is significantly lagging earnings. Breakeven Date Change • Mar 19 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.
Duyuru • 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 Duyuru • 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 • Dec 04
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$16.7m in 2026. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Duyuru • 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. Duyuru • 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 released: US$0.004 loss per share (vs US$0.005 loss in FY 2022) 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 is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electronic industry in Germany. 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 12% per year, which means it is significantly lagging earnings growth. Duyuru • 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). 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. 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. 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 10% growth forecast for the Electronic industry in Germany. 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 39% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Mar 07 The 3 analysts covering Seeing Machines previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 15% per year to 2024. The company is expected to make a profit of AU$9.26m in 2025. Average annual earnings growth of 0.5% is required to achieve expected profit on schedule.
Duyuru • 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 €86k worth of stock On the 13th of January, Martin Ive bought around 1m shares on-market at roughly €0.074 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 €118k worth in shares. Duyuru • Nov 11
Seeing Machines Limited Announces Executive Changes Seeing Machines Limited announced the appointment of Martin Ive as Chief Financial Officer. Martin will join the team on 14 November 2022. Martin joins Seeing Machines from Altium, where he began in 2004. During his time at Altium he performed a number of roles in Australia and the United States, including Senior VP Finance and Chief Financial Officer, overseeing the global finance organisation and the company's compliance and statutory requirements, while providing valuable business support to Altium's global sales teams. Prior to Altium, Martin trained as an auditor in the UK before moving to Sydney and holding a management position in the Business Services Group at Grant Thornton. He is a member of the Institute of Chartered Accountants in Australia, holds a BA Hons (Accounting) from Portsmouth University, UK and an MBA from Macquarie Graduate School of Management in Australia. Martin will not be appointed to the Seeing Machines Board. Furthermore, the Company confirms that Naomi Rule has announced she is to step down as CFO to pursue other opportunities. Naomi will work closely with Martin over the coming month to conduct a comprehensive handover. Reported Earnings • Oct 28
Full year 2022 earnings released: AU$0.01 loss per share (vs AU$0.005 loss in FY 2021) 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 is forecast to grow 27% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year. Duyuru • Oct 28
Seeing Machines Limited, Annual General Meeting, Nov 28, 2022 Seeing Machines Limited, Annual General Meeting, Nov 28, 2022, at 17:00 AUS Eastern Standard Time. Location: 80 Mildura Street Fyshwick Australian Capital Territory Australia Agenda: To receive and consider the Annual Financial Report, Directors' Report and Independent Auditor's Report for the Company for the year ended 30 June 2022; to consider the re-election of Directors; to consider the auditor appointment; and to consider the change to constitution. Duyuru • Oct 07
Seeing Machines Limited announced that it expects to receive $47.5 million in funding from Magna International Inc. Seeing Machines Limited announced that it has entered into agreement for the issuance of non-transferable convertible note for gross proceeds of $47,500,000 on October 6, 2022. The transaction will include participation from Magna International Inc. The convertible note will mature in October 2026 and having a conversion rate per ordinary share of $0.1625724. The convertible note can be drawn down in two tranches across the four-year term, subject to the satisfaction of certain closing conditions. The first tranche, being $30,000,000 will be drawn at closing with the remainder available until December 2024. The convertible notes have all-in yield of 8%, inclusive of fees. The investor may elect to convert the principal and at the company’s election, interest outstanding under the convertible note at any time during its term, up to a maximum of 349,650,350 shares which, when added to investor existing shareholding in the company, which will represent approximately 9.9% of the fully diluted share capital of the company. The convertible note contains standard covenants, and anti-dilution provisions. The interest due at the end can be paid in cash or converted into equity at company’s election. Duyuru • Aug 15
Seeing Machines Limited Provides Revenue Guidance for the Fiscal Year 2022 Seeing Machines Limited provided revenue guidance for the fiscal year 2022. For the period, the company expects Revenue to be AUD 54.2 million, representing a 15% increase on the previous period. 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. Duyuru • Apr 04
Seeing Machines Limited to Report Fiscal Year 2022 Results on Oct 27, 2022 Seeing Machines Limited announced that they will report fiscal year 2022 results on Oct 27, 2022 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 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year and the company’s share price has also increased by 38% per year. Duyuru • Mar 31
Seeing Machines Limited to Report First Half, 2022 Results on Mar 30, 2022 Seeing Machines Limited announced that they will report first half, 2022 results on Mar 30, 2022 Duyuru • Feb 24
Seeing Machines Limited Provides Revenue Guidance for the First Half of 2022 Seeing Machines Limited provided revenue guidance for the first half of 2022. For the period, the company expects to report revenue for first half of 2022 of AUD 21.7 million (H1 2021: AUD 18.1 million), representing a 19.4% increase year-on-year. Duyuru • Jan 07
Seeing Machines Limited Launches New Features to Occupant Monitoring System Technology Seeing Machines Limited announced that its industry leading Occupant Monitoring System (OMS) technology, utilising a wide field of view camera, has now been integrated onto the Snapdragon™ Cockpit Platform to expand the safety and convenience features now available to automakers. The company’s Driver Monitoring System (DMS) technology plug-in kit has been developed for the Snapdragon Automotive Development Platform (ADP) This expanded offering to incorporate OMS is being featured at the 2022 Consumer Electronics Show (CES) in Las Vegas this week at the Qualcomm Technologies booth (West Hall, #5005). Using the wide field of view camera to monitor both driver and front-seat passenger with Seeing Machines' DMS/OMS technology, the demonstration will introduce a host of new features, including seat occupancy detection, body pose tracking and cell phone detection. These features will be available, supported by the Company's industry leading measurement of driver attention state, engagement level, impairment level and system diagnostics, in line with the protocols recently introduced by Euro NCAP (New Car Assessment Program) to achieve safety ratings. Duyuru • Jan 06
OMNIVISION and Seeing Machines Develop ASIC with Integrated ISP and Occula® NPU Optimized for Driver and Occupant Monitoring Systems OMNIVISION, together with Seeing Machines announced the automotive industry's first dedicated driver monitoring system (DMS) and occupant monitoring system (OMS) application-specific integrated circuit (ASIC) that combines an image signal processor (ISP) and is powered by Seeing Machines' Occula® Neural Processing Unit (NPU). OMNIVISION announced the world's first dedicated DMS ASIC with an integrated AI NPU, ISP and DDR3 memory in January 2021 (OAX8000). The new OAX4600 integrates the Occula® NPU. It will feature a higher level of processing and performance, comply with ASIL B advanced safety standards, and is based on a much deeper level of partnership with ecosystem vendors. It will include an optimal HW RGB-IR ISP, cybersecurity and deliver the most power efficient solution. Availability of the combined ASIC IP solution is expected in second half of 2022. Reported Earnings • Nov 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: AU$0.01 loss per share (up from AU$0.014 loss in FY 2020). Revenue: AU$47.2m (up 18% from FY 2020). Net loss: AU$17.4m (loss narrowed 63% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 24
Seeing Machines Unveils Its Occula® NPU Seeing Machines Limited has launched a video to highlight the core capabilities of its 8th generation Occula® Neural Processing Unit (NPU): https://youtu.be/1a3Y0WDcFEk. The unique application specific NPU design is highly optimised for human detection and tracking and enables the development of low-cost, high performance edge AI to power future human-machine interfaces. The Seeing Machines FOVIO Chip is the Company's own pre-validated application specific processor for implementing Driver and Occupant Monitoring Systems in vehicles, already being employed across more than one-third of its ongoing automotive programmes. The FOVIO Chip works together with Seeing Machines' optical systems solutions to combine sophisticated algorithms and ultra-efficient low power embedded processing, enabled by the Seeing Machines Occula® NPU, making it the most cost and power-efficient processor available. The Occula® NPU design is available for licence from Seeing Machines and, as announced in January of this year, the company's agreement with Omnivision Technologies represented the first execution of the silicon licence. Duyuru • Aug 05
Seeing Machines Limited Provides Revenue Guidance for the Fiscal Year 2021 Seeing Machines Limited provided revenue guidance for the fiscal year 2021. For the period, the company is expected reported revenue to be AUD 47.3 million, representing an 18% increase on the previous period and in line with market consensus. Underlying revenue has grown 30% on the previous period when using constant currency. Duyuru • Jun 17
Seeing Machines Limited Announces Driver Monitoring System (DMS) Software Available Across Five New Vehicle Models Seeing Machines Limited announced that its Driver Monitoring System (DMS) software is now available across five additional vehicle models from automotive manufacturers. Seeing Machines has been working closely with Joyson Safety Systems since 2011 to integrate the Company's software into the General Motors' Super Cruise driver assistance feature. This system, based on the Company's FOVIO e-DME (embedded Driver Monitoring Engine) software, is now available in three new vehicle models including the General Motors' 2021 Cadillac CT5, Cadillac CT4 and Chevrolet Bolt. The start of production on these additional vehicle models from General Motors follows successful FOVIO e-DME software launches on the new Mercedes Benz S-Class and Mercedes Benz EQS sedans. Seeing Machines' DMS is now in production across nine individual vehicle models globally and is set to launch on more than thirty distinct vehicle models by early 2023. Seeing Machines' advanced driver monitoring software reliably measures the driver's head-pose, eyelid closure and precise eye-gaze direction under the full spectrum of demanding automotive in-cabin lighting conditions and supports a full range of driver appearances, including operation with glasses and sunglasses. High-performance driver monitoring is vital in supporting hands-free driving capabilities, where the DMS continuously monitors the driver's visual attention state and delivers this information to the vehicle. Duyuru • Feb 08
Seeing Machines Limited Announces Driver Monitoring System Available in 2021 Cadillac Escalade Seeing Machines Limited announced that its Driver Monitoring System (DMS) Software, a key enabler to the General Motors Super Cruise1 driver assistance feature, is now available in the 2021 Cadillac Escalade. Seeing Machines has been working closely with Joyson Safety Systems since 2011 to integrate the Company's software into the Joyson supplied Driver Attention System, which for GM, includes the electronic controller, camera, and integrated Infrared Illuminators in the steering wheel light bar. Seeing Machines' DMS software debuted in the 2018 Cadillac CT6 Super Cruise feature, representing the first truly hands-free driver-assistance feature for enabled roads. The enhanced version of Super Cruise on the 2021 Cadillac Escalade is the first model that will incorporate the Joyson Safety System supplied Driver Attention System using Seeing Machines e-DME software. Duyuru • Jan 29
Qualcomm and Seeing Machines Announces Collaboration Seeing Machines Limited has been featured at the Qualcomm Technologies 'Automotive Redefined: Technology Showcase' where the companies announced they would work together to design a driver monitoring system solution utilising Seeing Machines driver and full cabin monitoring technologies for Qualcomm® Snapdragon™ Automotive Cockpit Platforms and for the Qualcomm® Snapdragon Ride™ Platform. As a part of the relationship, Seeing Machines is working with Qualcomm Technologies to further optimise its technology stack for the Snapdragon Automotive Cockpit Platform architecture and its acceleration hardware for automakers and Tier-1 suppliers. In addition, Seeing Machines' previously announced Embedded Development Kit (EDK) for the Snapdragon Automotive Cockpit Development is now available to select Tier 1 and OEM customers. This Kit gives customers an efficient turnkey means to realise a deeply accelerated Seeing Machines driver (and soon interior/occupant) monitoring feature stack on Snapdragon Automotive Platforms. The EDK includes Software Development Kit (SDK), hardware extension for the Snapdragon Automotive Platforms - capable of supporting single and multicamera DMS and full interior monitoring, as well as a carefully engineered automotive grade DMS reference camera that fully leverages the Company's systems expertise combining algorithm, embedded processing, and optics know-how. Duyuru • Jan 07
Seeing Machines Limited Announces Memorandum of Understanding to an Executed License Agreement to License the company's Occula® Neural Processing Unit to Omnivision Technologies, Inc Seeing Machines Limited announced Memorandum of Understanding to an executed License Agreement ("Agreement") to license the Company's Occula® Neural Processing Unit ("Occula®") to OmniVision Technologies, Inc. This Agreement represents the first execution of the silicon license for Seeing Machines' Occula®, which offers a unique NPU design that enables the development of low-cost, high-performance edge-AI to power future human-machine interfaces. Further to the recently announced 'three pillar embedded product strategy', where Seeing Machines laid out its strategic approach to meet the broad and growing technology needs of the global interior monitoring market for Automotive, this collaboration brings the third pillar to life as the partners combine the Occula® Silicon IP with machine vision silicon technology for their customers. OmniVision develops and delivers advanced imaging solutions to a variety of industrial and consumer markets, including Automotive. OmniVision has been delivering imaging products for over 15 years to automotive customers, offering products and technology which can place a camera anywhere in the car. OmniVision has a full portfolio of image sensors for the interior monitoring market and is presently the leading supplier of image sensors into the interior monitoring market segment. Seeing Machines continues to grow as an automotive leader in DMS technology, having won contracts with a total five automotive Tier 1 customers for a steadily growing number of programs across six global car OEMs. The Company is now expanding its embedded product offerings, and extending its low-cost high performance embedded DMS know-how into the automotive Occupant Monitoring System (OMS) market. Seeing Machines and OmniVision will work together to deliver optimised, highly integrated solutions to the global Driver and Occupant Monitoring System markets, leveraging existing and new customers globally. Duyuru • Dec 01
Seeing Machines Limited Announces Changes to Its Board Seeing Machines Limited at its annual general meeting held on November 30, 2020 announced that its Non-Executive Directors, Dr. Rudolph Burger and Les Carmichael have resigned from their positions on the company’s board with effect from the end of the 2020 AGM. Rudy Burger was appointed on January 15, 2014 and Les Carmichael on February 1, 2016. Both have contributed over many years to the growth and development of the company, and both have taken the decision to resign. Duyuru • Nov 05
Seeing Machines Limited, Annual General Meeting, Nov 30, 2020 Seeing Machines Limited, Annual General Meeting, Nov 30, 2020, at 17:00 AUS Eastern Standard Time. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 17%, compared to a 23% growth forecast for the Electronic industry in Germany. Reported Earnings • Nov 05
Full year 2020 earnings released: AU$0.01 loss per share The company reported a solid full year result with improved revenues and control over expenses, though losses increased. Full year 2020 results: Revenue: AU$40.0m (up 26% from FY 2019). Net loss: AU$46.7m (loss widened 12% from FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Oct 13
Seeing Machines Extends Its DMS to Occupant Monitoring Seeing Machines has announced it is formally expanding its leading automotive driver monitoring system (DMS) into an overall vehicle interior/Occupant Monitoring System (OMS). The expanded offering will be available for automotive production programs starting as early as 2023. Seeing Machines estimates that its entry into OMS opens an incremental market opportunity, worth up to a total of A$1.5 billion through to 2030, with an estimated revenue opportunity for the Company exceeding A$350 million. This expansion is consistent with Seeing Machines's "safety first" focus and leverages important breakthroughs in achieving uncompromised head, eye, and face tracking for driver monitoring with a Wide Field of View (WFOV) camera system. It will extend the Company's highly effective attention, distraction, impairment, identification, and other human state measures from the vehicle driver to vehicle passenger(s) concurrently. The introduction of a WFOV interior OMS will continue to support even the most challenging Euro NCAP DMS and semi-automated driving requirements which are traditionally achieved with a narrow view (driver exclusive) camera system, while at the same time extending safety, comfort, and convenience feature to passengers. OMS capabilities range from enabling more reliable and cost-effective passive safety systems to fully AI enabled interiors able to anticipate and care for the needs of both the driver and passenger(s). Further, the approach, enabled by Seeing Machines's Occula® Neural Processing Unit (NPU) technology, allows a DMS to be expanded into an WFOV Interior camera system offering an array of additional high value interior and occupant sensing features with little increase in camera, illumination, or embedded processing cost. This can be achieved with readily available and proven automotive image sensors and other components, greatly enhancing the value of the Company's existing product offering which remains consistent with the previously announced "three pillars" delivery options. This includes: A market-leading Xilinx FPGA based FOVIO Chip incorporating Occula® NPU acceleration for the lowest cost, fastest time to market, standalone DMS/OMS system processing solution, targeting smart camera integration into a range of suitable locations including instrument panels and rear-view mirrors. Accelerated and non-accelerated Software Libraries (e-DME) which support a wide array of processing platforms, and integration sites including Infotainment Systems and ADAS domain modules, including the previously announced Qualcomm SnapDragon solution. Occula® NPU ASIC licensing to automotive system on Chip (SOC) suppliers desiring to embed a uniquely optimized acceleration solution for achieving uncompromised human and object detection and tracking performance for camera-based DMS and interior/occupant monitoring systems at the lowest possible cost of processing. Demonstrations of Seeing Machines combined Driver and Interior/Occupant monitoring technology are presently available consistent with potential 2023 model introductions.