Seeing Machines Share Discussion Threads

[warren buffon] 07/5/2025 19:53:55

Recovery is this here, and it can drop from any level back anytime. Closer to 6 you will be looking at a change in trend. Different things.

[a5teve] 07/5/2025 17:42:36

The recovery isn't well on the way until we are closer to 6.

[amt] 07/5/2025 10:32:16

Wow recovery well underway.

[lawson27] 07/5/2025 09:28:29

Getting noticed now, GLA

[davemac3] 07/5/2025 08:16:09

Is this turning the corner?

[longsight] 06/5/2025 16:43:29

base7 and Skinny, thank you both.

[base7] 06/5/2025 14:58:51

Longsight
Register for Investor meets platform-which is free & very useful in that many company meetings together with Q & A are broadcast live.
Once registered go to SEE & you will see the recording of the Town Hall on 2/4 together with Q & A .

[longsight] 06/5/2025 08:33:41

nvhltd

please provide the link to the Q&A. It would be great to read the full set

[amt] 05/5/2025 07:30:37

Thanks for publishing the Q&A Nvh

[horsepower] 04/5/2025 16:23:06

You really need to get out more.

[nvhltd] 04/5/2025 13:32:28

Let's remind ourselves of the European TAM and opportunity laid out for us 15 months ago when we announced our one and only RNS for Gen 3. Note the market size and yet these contracts amount to just 1% of the European market. 15 months later nothing has been sold, manufactured or installed. No new contracts awarded. The first GSR delivered nothing. The product was a dog, but they were silent about the issues.

Now we have GSR 2 to look forward to and the global production of just 24K units.

RNS
10 January 2024

Seeing Machines to supply Guardian Generation 3 to leading European and UK Commercial and Bus Manufacturers

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces its appointment by three prominent commercial and bus manufacturers, in Europe and the United Kingdom, to supply its innovative Guardian Generation 3 driver safety system.

As Europe's General Safety Regulation (GSR), targeting all cars, vans, trucks and buses, comes into effect in July, these orders take Guardian Generation 3, the latest version of Seeing Machines' driver fatigue and distraction technology solution, into the growing After Manufacture (factory-fit) segment of the market.

Seeing Machines plans to begin the roll out of Guardian Generation 3 during the fourth quarter of FY2024 (April - June 2024) across six heavy vehicle models in five distinct manufacturing locations with these OEM customers. The initial focus will be to ensure compliance with Driver Drowsiness and Attention Warning (DDAW), followed by Advanced Driver Distraction Warning (ADDW). Together, these customers represent a significant opportunity of around 3,000 vehicles per annum, based on initial order volumes.

Guardian Generation 3 leverages Seeing Machines' automotive grade technology with refined microsleep detection and eye-gaze tracking to protect drivers from risks associated with drowsy and distracted driving.

Paul McGlone, CEO of Seeing Machines, commented: "Being appointed by three major manufacturers underscores the effectiveness and reliability of Guardian Generation 3 and is testament to the class-leading, AI-driven technology we have developed over the past 20+ years for the fleet sector. We continue working with many manufacturers in Europe and the UK as regulatory deadlines approach, to ensure we can support the After Manufacture segment, in addition to commercial vehicle operators, to enhance driver safety. We are proud to contribute to the broader mission of promoting road safety in compliance with the European Commission's General Safety Regulation."

Guardian Generation 3, launched at CES 2024 this week in Las Vegas, has been independently tested and confirmed to comply with Europe's GSR. In 2023, it is estimated that over 330,000 commercial vehicles were manufactured[1], and every vehicle will need technology that reliably detects and responds to driver drowsiness from July 2024, escalating to distraction from 2026. Seeing Machines remains at the forefront of driving innovation in driver monitoring technology, enabling OEMs to meet and exceed regulatory requirements while enhancing safety across diverse vehicle applications

[nvhltd] 04/5/2025 13:16:19

More BS. One tiny contract won more than a year ago. European TAM of 330K vehicles and our global production is set at 24K units annually.

Question 20:

How do you explain why G3 isn't being adopted by OEM for after manufacture?

Guardian Generation 3 has been homologated at Wrightbus. We continue to work with commercial vehicle OEMs to progress this process with them. There are processes in play at the moment and we will announce when those have been successful. It’s important to note that when a commercial vehicle manufacturer targets ‘homologation’ this is not limited to Guardian, but the entire vehicle and the technology within. Therefore, timeframes can vary and many factors need to be taken into account.

[nvhltd] 04/5/2025 13:13:31

More BS. They have never targeted 35% market share. It was 50% and then lowered to 40%. They have downgraded expectations again to 35%.

Question 21:

Smarteye and Cipia seem to have all the momentum and caught up with SEE with their various products. They seem to be punching well above their weight when compared to SEE. How does the CEO see the competition now and his market share forecasts?

We respect our competition and have never targeted monopoly status. Seeing Machines remains on target to achieve around 35% market share in Automotive.

[nvhltd] 04/5/2025 13:09:46

More BS. Two years ago there was no competition.

Question 33:

Who are the competitors for commercial vehicles DMS / Guardian that you mention?

Our main competitors in this space remain as Cipia Vision and Smart Eye. There are many other suppliers in the Aftermarket fitment of DMS and Telematics. But the two mentioned above are also targeting After Manufacture fitment in Europe to support the GSR.

[nvhltd] 04/5/2025 13:07:51

More BS.

Question 38:

Gen 3 was all about the opportunities for after manufacturer with commercial vehicle oem's and not after market with fleet managers. At the last town hall a staggering 2.5 years ago you said there were 330K commercial vehicles manufactured in Europe per year and you had PO'S for thousands of Gen 3. Where are the sales? Where are the contracts with oem's?

We continue to work with a range of commercial vehicle OEMs as they plan for compliance in Europe.

[nvhltd] 04/5/2025 13:04:35

With less than 15 months to go before GSR 2 forces commercial vehicle oem's to fit camera based ADDW systems who are the competition for the 330K European market? 2.5 years ago Guardian was the only show in town. Who are the competition now? Why has there only been 1 Homologation process achieved with one OEM? Again where and why have commercial vehicle manufacturers not awarded contracts to SEE?

Guardian has never been the only show in town and our competitor ecosystem remains reasonably crowded. We generally compete against Smart Eye, Cipia, Netradyne and Samsara. In the US, Lytx and Nauto are also serious contenders.

[apex345] 03/5/2025 16:38:20

Share price Slowly moving inching forwards in the right direction after all the tariff news rollouts and market conditions improving a little..

[amt] 02/5/2025 22:35:54

Very positive outlook.
2m new cars per qtr from mid next year.
So spectacular growth starting soon.
Plenty of RFQs
Cash positive sounds close.

[amt] 02/5/2025 07:37:23

Profits less than one year away to be exact.
Could be 40m positive cash flow annualised from middle of next year.
Once they get to that level a rerating can begin.
The current share price is bonkers.

[mallorca 9] 02/5/2025 07:35:40

Still difficult to value this at £76m !
Not even yet at B/E ... profit still years away.

[nvhltd] 01/5/2025 21:42:44

It's official. Paul McGlone let's investors down yet again by failing to deliver any new oem contracts in early 2025 as promised. The guy can't help himself lying, deceiving or just failing to deliver.

The investors meet q and a provided no clarity on why Guardian 3 sales and production are going to be pitiful. The one point he did clarify was the lie he peddled 2 years ago about the fact there were very few dms providers in trucks. Now he says there's "many".

No clarity why he's now downgraded the market share for auto to 35%.

No wonder institutional investors are selling out.

[skinny] 01/5/2025 12:44:30

For completeness :-



Q3 FY2025 KPI highlights:



- Cars on the road with Seeing Machines' technology increased to 3,241,907 units, representing an increase of 77% from 12 months ago (Q3 FY2024: 1,830,207)

- Quarterly production of 358,162 units, up 34% from the previous quarter (Q2 FY2025: 266,654) and up 14% from the previous corresponding quarter (Q3 FY2024: 313,662), demonstrating continued year on year growth, as well as quarter on quarter recovery following the unexpected dip in Q2 FY2025, in line with weakness across the wider automotive market

- For FY2025 year to date, automotive production volumes total ~1.03m compared with cumulative total of 0.74m for the corresponding period in FY2024, representing growth of ~39%

- Commercial production of Guardian Generation 3 commenced at the end of March 2025, contributing to hardware sales for the quarter which are set to increase as production run rate reaches approximately 6,000 units per quarter, by the end of June 2025

- The Referral Agreement with Mitsubishi Electric Automotive America (MEAA) to support sales of Guardian Generation 3 in the Americas, was signed in February. A joint sales plan has been agreed and activities are currently rolling out across North America following the two companies' combined attendance at the American Trucking Association Technology & Maintenance Conference in Nashville in March 2025