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yes booked value seems to be an important factor as said by Paul. Then that opens up all sorts of possibilities in terms of maybe listing on Nasdaq or whats that other thing SPACs? But dont know enough about them to know if thats a possibilty....
I don't think its as simple as QC or anyone else deciding to buy us, it can't be hostile must be friendly, they need the people and the trade secrets.
Paul said recently regarding a Nasdaq listing something like, we need to win our fair share of business over next 12 months and then we will look at it, same applies to any transaction imo.
Get the "booked value" up to a much higher level with design wins and then we can talk to QC or whoever, talking before VAG and Toyota make a decision would be crazy and I have Paul down as much more savvy.
The company now is incomparable to 2018
All time high sp? 13.35p on 22nd June 2018, or 3 years tomorrow
SB. I think we made it past 2006 ;)
Zeq - I simply googled them. Nor surprisingly they are estimates based on the very emerging nature of these growing markets so one would have to assume they are potentially conservative given the future expectation that for the large part legislative reasons this software will be ‘pre- installed’ by the largest chip suppliers. All I know is that with current years sales at c US$40m I’d be very happy with $2bn sales in 2006 if we manage to stay independent that long!!!
SB, out of interest where do those figures come from?
Global DMS market estimated $2.1bn by 2026
Global OMS market estimated $1.3bn by 2026
Let’s say a conservative 50% market share = $1.7bn
That’s obviously before fleet and aviation !!!
Anyone wanna have a stab at putting some number to the Qualcomm deal?
Summarised - a a certain level of logic you just have to know that this will have a material impact on our current business plan. That is WON in my opinion!
In Paul McGlone's words....
"it will be a material uplift in our business"
"but each of those wins is still a two to three year development exercise..."
"so the earliest real increase in revenues from production vehicles by that logic is FY2023...."
"but what it does is it continues to compound out our booked business pipeline...."
"and that is the real value driver here..."
The only surprise there is, is since that interview considering the expected RFQs plus Qualcomm /Omnivision, only one contract has been announced and that the very modest Magna/Fisker one (we believe). So, in order to balance this out and on Father's Day, maybe tomorrow we'll get the Mother and Father of all RNS!
i think its time for LTH folks to gloat and dream of the inevitable success with SEE. i have only been invested three and half years and feel too excited to see the finish line draw close. i wonder how the folks invested for 8 years would feel. Almost there!
Soul, exactly pre-installed or embedded, also he mentions the QC sales and marketing machine selling the chip with our tech embedded.
This deal alone is the type companies deal about and its all upside and very material.
13;30
"Clearly this relationship is in addition to our current business plan, in addition to the RFQ I just described that have come through the door since Nov and I think it will be very significant"
https://www.proactiveinvestors.co.uk/companies/news/940243/seeing-machines-ceo-says-first-half-has-been--period-of-growth--as-landscape-hots-up-940243.html
I think the other exciting outcome of these relationships is the prospect of SEE tech being automatically included in their respective ‘stacks’. Paul did make a point specifically re Qualcomm that we were in 6 OEMs and they were in ‘all the rest’ - whatever that number he definitely referred to us becoming ‘pre- installed’ on their chip which must mean a huge material uplift in revenue vs. solely via traditional RFQ route.
Seeing - well deduced Mr Holmes he most definitely said WON meaning the Omnivision/Qualcomm pipeline or other direct RFQs have started to deliver and are awaiting announcement. Listening to this once again it’s all very exciting - I just now want to see the £££ hit the reported numbers to help convince a sceptical market this tech has arrived!
As some have said before most people on the street has never heard of driver monitoring, it’s a new technology, probably same to private investors, it’s only when our name gets out, profits are better than forcast, future looks very positive then there will be more interest in the shares, hopefully by that time the SP will be a lot higher.
Also 16;55 exactly, listen carefully, did he say "won"
The market doesn't understand the Qualcomm deal imo, I get that tbh I spend hours a day on SM and I had forgotten how big it is.
Listen to this from about 11 mins and let Paul explain it to you, listen twice to the bit at 13:30
https://www.proactiveinvestors.co.uk/companies/news/940243/seeing-machines-ceo-says-first-half-has-been--period-of-growth--as-landscape-hots-up-940243.html