Seeing Machines Share Discussion Threads

[skinny] 19/10/2023 09:10

Another small purchase (50,000) by Martin Ive.

[hazl] 19/10/2023 09:06

It's a very exciting market amt.
Unfortunately, though, being used in a way, I feel, as a lot of these little innovative companies are on the stock market.
If they were in profit sooner, before the dire times on the stock market now, then it might be a different story.
I expect they might be taken out on the cheap.

8-)

[amt] 18/10/2023 22:54

Thanks for all the info Hazl

[hazl] 18/10/2023 19:05

Scroll down to the safety features!

Also from previous articles like Canberraweekly.....they state...



'Seeing Machines’ DMS technology is used by the world’s biggest car manufacturers around the world, such as General Motors and Mercedes Benz. As part of its continued development of safety features, the successful technology exporter needs the help of local drivers in real-world situations to train its AI algorithms that add safety and convenience for all vehicle users.

Seeing Machines relies on naturalistic and simulated data to develop and enhance its world-leading technology, and to refine an expanding range of features which are being built into cars today.'

For anyone not upto speed with Seeing M....ooops sorry about the pun!

[hazl] 18/10/2023 19:01

Do look at Unionhalls excellent header for various wins for Seeing Machines.
Though I don't think he has the Chevrolet contract up there.

[hazl] 18/10/2023 18:58

The relevant bit on the up to date article ....

'Automatic emergency braking is a safety feature that uses sensors, cameras, and/or radar to detect an impending collision with another vehicle, pedestrian, or obstacle. It goes hand in hand with front pedestrian braking. This alerts you if you’re at risk of striking a pedestrian and have yet to engage the braking system. It’s similar to forward collision alert, which warns you of an impending accident with another vehicle.'

I expect.

[hazl] 18/10/2023 18:52

Seeing Machines' technology consists of several components, from the tracking cameras to the algorithms that detect where, and for how long, drivers are looking. GM would not comment on the matter, and it is not clear from the Times report just what GM is buying, but it's possible to use the tech to determine where the driver is looking to within one degree of angle. With that kind of precision, it would be possible to, say, change the station by glancing at the radio or alert the driver if he's taken more than a moment to glance at his phone.

[hazl] 18/10/2023 18:48

Well I agree no mention as such but it's there according to this older article.



'It won't be long before your car is watching you, and will know if you're not watching the road.'
'General Motors is adopting technology that will track your eyes and face as you drive. The automaker has signed a deal with Seeing Machines to buy tracking devices for 500,000 vehicles during the next five years, the Financial Times reports. The technology already is used in industrial applications like trucking and mining to detect driver fatigue and distraction. It then uses that information to encourage drivers to pull over for a rest or to put down the phone.'

[amt] 18/10/2023 17:59

hazl Can't see any mention of Seeing Machines or eye tracking tech in your link

[hazl] 18/10/2023 15:05

Thanks to terrym.

[hazl] 18/10/2023 11:50

Pre profit perhaps more appropriate.

[hazl] 18/10/2023 11:25

Yes chuckle.

[skinny] 18/10/2023 11:22

23 years is hardly a 'start-up'.

[hazl] 18/10/2023 11:18

Seeing Machines’ dashcam revenue is in the fast lane

Lara Wildenberg

Tuesday October 17 2023, 12.01am, The Times

Technology

An AI dashcam start-up that monitors drivers’ attention to prevent accidents says its sales growth this year has been better than expected.

Revenue at Seeing Machines rose by 48 per cent to $57.8 million, up from $38.7 million in 2022, as a result of vehicle safety regulations in Europe.

The company uses artificial intelligence cameras in a vehicle’s rear-view mirror to track fatigue and distraction levels through eye movements, head position and hand placement. It has installed its technology in more than a million vehicles and supplies technology to manufacturers including Ford and Mercedes-Benz. It also deploys its systems to fleet vehicles such as commercial lorries, sending footage to a supervisor if a driver needs to pull over and rest.

Launched in Canberra, Australia, in 2000, Seeing Machines expects to break even in 2025, with revenues reaching $125 million a year later.

Year-end results yesterday attributed the revenue growth to accelerating “regulatory momentum” as the compliance date for safety regulation nears. For example, Europe’s General Safety Regulation requires all new commercial vehicles to be fitted next year with technology to reduce risks of driver drowsiness.

Paul McGlone, 58, the chief executive, said: “Once we see the regulations harmonise, I think we’re going to see a massive increase in the take-up rate worldwide.”

Yesterday the company said it had signed an exclusive licence agreement with Collins Aerospace in the aviation industry to roll out similar monitoring systems for pilots.

Shares in the Aim-listed company fell by ¼p, or 4 per cent, to 5¼p.

[hazl] 18/10/2023 11:15

Again over there they say it's outperformed Cipia and SmartEye over the past year as well as the AIM100.

He reckons cash is king and we are better off on that?

[hazl] 18/10/2023 11:06

According to an L S E poster...
there’s a telegram group of 296 investors for SEE with a number of pinned articles at the top, which are helpful for research . It said they migrated there to avoid the paid trolls .

[hazl] 18/10/2023 11:01

And further share purchases by those in the know by the looks of it.

[hope1815] 16/10/2023 22:14

After watching the update both men seemed clear and concise but it reminded me of the other updates in the past.

Seeing Machines reveals millions of cars use its AI tech



Paul McGlone and Nick DiFiore speak to Proactive Investors 2019

hxxps://seeingmachines.com/paul-and-nick-speak-to-proactive-investors-july-2019/

On a positive note the links show the message may be getting out

Proactive



Vox

hxxps://www.voxmarkets.co.uk/articles/seeing-machines-oem-revenues-double-on-regulatory-momentum-for-driver-safety-84bb636/

Morning Star

hxxps://www.morningstar.co.uk/uk/news/AN_1697460661447495100/seeing-machines-boosts-revenue-inks-new-collins-aerospace-deal.aspx

Just hope SEE can see the potential before a takeover

[amt] 16/10/2023 12:51

Historically the share price has overreacted. It went from 3p to 13p in 10 months in 2017/2018.
I am not worried as we could go up 4 fold again in less than a year.
It's all about sentiment.

[hazl] 16/10/2023 12:20

Gross profit margin though of over 70% eventually...mmm.

[hazl] 16/10/2023 12:19

Yes amt it has taken a long time for them to build and build and markets are risk off at the moment just as break even is in sight....well a 2025 outlook is better than it was.
What will happen to the stock market is what will affect us over the next couple of years but it is an interesting company.
Won't show it's potential for us straight away but even companies in profit are drifting at the moment.

[hazl] 16/10/2023 12:14

Base7 yes I thought the rail mention was very interesting!

And they don't have to rely on a middle man.
Seems good to me.

[amt] 16/10/2023 11:42

It is executing, so don't understand your comment Unionhall.
The AIM market is broken at the moment. It looks to me that AIM shares are at a 50% discount at the moment to reasonable values given a very difficult International background.

[unionhall] 16/10/2023 11:32

The market wants execution.

The company is already valued at £200m +

Not bad for perennially loss making, delays and relative low revenue.

I expect the next 12 to 24 months will show us the real company and then we can judge market reaction.