Perhaps there is a missing link..... The Tier 1's.
Even though Tier 1's may have contracts signed with the OEM's SEE may be working on those contracts without being able to disclose.
They are certainly incurring significant Engineering Fees which are a precursor to installation.
They must be spending those big bucks on something real - it cannot all be research. |
Hello Alan. Good luck I am still holding but its a frustrating share so I am not as confident as some of my others. The next 6 months should be full of new contracts. |
 Starting to look like January is another wash out month.
If my understanding is correct from July 2024 all new vehicle 'models' sold in Europe must have DMS (ADDW camera based system)and then from July 2026 all 'new vehicles' sold in Europe must have DMS (ADDW).
From July 2024 all new vehicles sold in Europe must have a DDWS. The distinction here is that a DDWS doesn't have to be a camera based system and doesn't detect for 'distraction' certainly not in commercial vehicles anyway according to SEE PR.
So if it takes circa 2 years from closing a deal and the engineering / design work needed then it seems to me that there's no time left or new models expected anytime soon. Any new deals now must be for 2 years the future?
If SEE are correct in their timelines of circa 2 years from deal to production then any car maker now only has 2 years and 5 months to meet the ultimate deadline of July 2026.
What I don't know or understand is if there are any vehicle makers still out there that haven't selected a DMS partner who plans to have a new 'model' between now and July 2024 sold into Europe or by July 2026 given the lead times communicated by Paul.
None of it makes much sense to me.
In commercial vehicles my understanding directly from the company is that from July 2024 all commercial vehicle sold in Europe must have a DDWS, but it doesn't have to be a camera system to detect distraction until July 2026, but it does if it a new truck model and then it's July 2024. |
amt this was tipped again on morning share tips so I’ve just bought 20 000 just to dip my toe in the water, good luck, |
I'm afraid only Contracts, increasing volumes in KPIs with profitability coming into sight will help us here.
Tips, promises, proactive interviews we have had plenty of.
Time for execution and the resultant forward motion.
July 2024 has long been heralded as D-Day for DMS adoption in Europe in new models of cars and trucks. If we get there without significant wins announced in Auto and Guardian the long journey will have been just that - a long journey to nowhere.
Cannot even contemplate such an outcome !! Onward and upward .... |
There was a positive mention in last week's Moneyweek with a buy recommendation. |
Dreadful stagnant performance from the CEO, so many promises that turned out to be BS and what a complete let down for PI mugs (and I am one of them) Hardly check in now as these are performing so badly against claimed potential. |
Personally I think you could come back here in two to three years time and it'll still be trading in the 5 to 6p range. I hope I'm wrong as I do hold but it's moribund for the foreseeable imho. |
Another nail in the coffin for fully autonomous driving which was all hype. Good news for Seeing as it means that drivers will need to remain attentive. Maybe in a few decades fully automative driving will be commonplace but its too far away to worry about.
Good to see Qualcomm mentioned.
GM produce about 6m vehicles per year, presumably they will all need Driver monitoring very soon. That's a market of 60m USD for one company alone. |
Thanks Mirabeau - awful looking car though. |
Super Cruise to be expanded. Ultra ditched |
The company predicts that revenues will exceed $125 million by 2026, and the City has shown renewed interest. Investment bank Stifel names Seeing Machines as one of its top stock picks of the year, with analyst Peter McNally naming a hefty 15p target price and flagging the shares as currently “attractively valued”. |
I don't have access, presumably it's positive though. Any price target ? |
Thanks both. |
Tipped in The Sunday Times today.. |
Just the right amount of cynicism longsight - have a thumbs up |
SEYE - 3 CFOs in 18 mnths. Just a coincidence I guess and nothing to worry about.
Also SEYE's slow growth rate in auto revenues - I'm sure there is an explanation.
SEE's revenues growth at 49% was double that of SEYE - but who cares? SEYE are very good at "hype" apparently. Shame the hype didn't persuade the departing CFOs |
Or are future and not gone into production yet...
Most likely a mix of both.... |
Just a little fact presenting on Smarteye, Jan-Sept 2023 revenue for Auto division was £4.3m on 229 design wins and 20 OEM's. They don't breakdown revenue for royalty payments received, so difficult to understand how this £4.3m comes about. Given the large number of design wins I can only conclude many of these design wins are historic and are no longer relevant. |
Of course it's true. I take it you watched the October 2022 presentation in London? It was spelt out there that it would be released before the end of financial year 2023?
Since then I've heard Paul say production of Gen 3 would be in March or April and then Nick in the Ian King TV interview said May. That's a 3 month window that even at this late stage they can't be sure about.
The first part of the GSR start in July. So if we're expecting to be in some of the circa 27,500 commercial vehicles registered in Europe per month from July then you would think that there would be more orders by now and production might be tight or limited. |
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