Seeing Machines Share Discussion Threads

[longsight] 18/1/2024 18:15

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

[unionhall] 18/1/2024 17:10

Or are future and not gone into production yet...

Most likely a mix of both....

[smithless] 18/1/2024 16:19

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.

[nvhltd] 18/1/2024 10:41

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.

[amt] 17/1/2024 22:25

Blimey you really are a pessimist nvh if you think customers confidence would have been impacted by a tiny delay if that's actual true.
Judge a company by its financials and not by reading too much into announcements.

[nvhltd] 17/1/2024 19:31

Of course the share price is the managements fault generally. If they say Gen 3 would be released before the end of the last financial year, but only got released a few days ago that's their fault. What we don't know is what or if that delay has impacted sales or customer confidence, but one thing is for sure it doesn't help.

How many times have we been told they don't need anymore cash before profitability? Who's fault is it for those failures and the resulting dilution?

Who said that a 330 aircraft order was going to land before the end of 2022?

Who said that oem RFQ's were constantly about to be delivered, but didn't happen?

And what do you think those failures do to the SP?

Of course it's their fault.

[amt] 17/1/2024 17:36

Nvh the share price on a month to month basis doesn't matter and is not the fault of the management. Patience required. No point in making loads of announcements.

[unionhall] 17/1/2024 14:47

This will hopefully help to answer some of the questions we all have....


Magna International Inc., a titan in the automotive industry, has announced its upcoming conference call slated for Friday, February 9, 2024, at 8:00 AM Eastern

A Sneak Peek into the Future

Beyond the review of past performance, the call is also expected to offer guidance on what to expect in terms of growth, development, and potential obstacles in the coming year. As the industry continues to grapple with the pace of technological advancements and changing consumer preferences, Magna’s outlook for 2024 will be a key indicator of its adaptability and resilience in the face of change.

hxxps://bnnbreaking.com/world/us/magna-international-sets-date-for-financial-results-conference-call/

[amt] 17/1/2024 10:48

Well spotted Smithy.

[smithless] 17/1/2024 10:28

Colin Barnden post re Gentex is old news. Gentex had the same tech demo at the IAA Mobility show in Munich back in September last year.

[amt] 17/1/2024 08:34

Nvh Smart Eye who you write glowing reports about have seen share price down by 16% in the last month vs Seeing Machines up a little.
I think you should be worried about their prospects

[amt] 17/1/2024 08:27

Gentex have been developing the RVM solution for sometime so it's not a surprise. It's not even in the mirror so hardly anything revolutionary about it.
You use emotive wording implying bias.
You should be more worried about Smart Eye who don't appear to have such a solution.
By the way to be fair to Seeing Machines why do you not mention the terrific news coming out of CES this year and Colin Bardons updates on Magna and Guardian.
Its too early to draw conclusions like you are doing without evidence

[nvhltd] 16/1/2024 20:36

I don't understand. What isn't a fact?

This is what I wrote:

The technical advantage in the mirror position didn't last very long and has now evaporated. Gentex demonstrated their offering at CES according to Colin Barnden. So much for patented protection. You only have to slightly differentiate and your in the clear.

[amt] 16/1/2024 20:14

It's not factual because how can you possibly know this is a fact. You state it as a fact when we don't know at this stage what the situation is.

[nvhltd] 16/1/2024 09:59

AMT: Again what is not factual about my statement? Until CES and Colin Barden's comments no one was aware of Gentex mirror DMS. We now know that they have one. So our position as being the only mirror DMS supplier has now gone and therefore our advantage in this position in the car layout. If nothing else it gives Gentex customers a reason to remain with Gentex.

I accept that 2 camera's instead of one will probably add cost, but that's not to say it's not a better system.

I also accept that the camera is not behind the glass, but appears to be in the surrounding trim / bezel, but again who cares. It's part of the mirror assembly and is manufactured by the main mirror rival to Magna who has a vertical integration model. The mirror was all about location and positioning in the cabin and not whether the camera was behind the glass or not.

The point is that our competitors, that only 12 months ago didn't have products or solutions in both the mirror location and after manufacturer, have caught up and in the case of aftermarket announced contracts.

Seeing Machines and Paul have made statements about the rational behind the lack of OEM contracts in the past 20 months and our lead in the aftermarket space, but what is clear they aren't yet delivering. So we have not taken advantage of our leadership position of the past 18 months to secure new contracts with the mirror product.

[boonboon] 16/1/2024 06:31

Surely it's too early to tell who now has the advantage?2 cameras might give a better performance than 1.As to them being more expensive, if Gentex own both the mirror and the software ip they could effectively take a hit on the software to sell the mirror.Magna have to pay us for each unit.This could also be the reason for the delays in the rfqs maybe oem's are analysing both systems.We will discover which is better once rfqs start to land.

[amt] 16/1/2024 04:24

The statement you made

"The technical advantage in the mirror position didn't last very long and has now evaporated."

Clearly not factual

[nvhltd] 15/1/2024 18:04

What is misleading?

[amt] 15/1/2024 16:26

www.proactiveinvestors.com.au/companies/news/1038294/seeing-machines-unveils-advanced-driver-monitoring-system-at-ces-2024-1038294.html?rel=scroll

[unionhall] 15/1/2024 14:40

A comment from NathanR999 on LSE bulletin board which you might find useful nvhltd....

"......Catching up but two cameras needed and not clear if I mirror frame rather than behind mirror. Two cameras adds to cost and no wins yet for gentex software - I could see smarteye/cipia potentially being asked to partner if no bites on gentex dms out of box. Two cameras also add to processing requirements so overheads on central computer. No idea if they have a chip design or partnership that matches performance that an NPU might bring.

My take = close but no cigar...."

[nvhltd] 15/1/2024 13:43

The technical advantage in the mirror position didn't last very long and has now evaporated. Gentex demonstrated their offering at CES according to Colin Barnden. So much for patented protection. You only have to slightly differentiate and your in the clear.

[hazl] 15/1/2024 11:15

Interesting website.

Wonder if they have heard of us?