Email Facebook Twitter

London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England

Alliance News

Seeing Machines Fleet Business Accelerates Momentum, Revenue Rises

Thu, 16th May 2019 12:21

LONDON (Alliance News) - Seeing Machines Ltd on Thursday said its fleet business has accelerated its momentum in the year-to-date, recording a 23% increase in revenue.

The driver monitoring technology firm said: "The success of the Fleet business and its implementation of Guardian 24/7 monitoring services is fundamental to Seeing Machines."

As at April 30, more than 1,500 Guardian units had been installed since the end of January, with over 14,500 units now installed in vehicles globally.

"This recent momentum has strengthened as the Guardian installation rate continues to accelerate with expectations that the group will reach 16,000 Guardian units connected by June 30 and approximately 27,000 Guardian units connected by June 2020, which the group remains on track to achieve," Seeing Machines said.

In 2018, the combined Fleet Business Unit, including Guardian, Mining and Rail, revenue increased 23% to USD8.8 million over the same period of 2017, resulting in a gross profit of USD4.5 million, the company noted.

Seeing Machines shares were up 2.3% at 3.30 pence on Thursday.

By Elena Cherubini;

Copyright 2019 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.