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Share Price: 4.755

Bid: 4.71

Ask: 4.80

Change: 0.17 (3.71%)

Spread: 0.09 (1.911%)

Open: 4.50

High: 4.765

Low: 4.50

Prev. Close: 4.585

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IN BRIEF: Seeing Machines gets USD10 million for growth opportunities

Mon, 22nd Mar 2021 14:04

Seeing Machines Ltd - AIM-listed computer vision technology company - Issues 68.4 million new shares to US-based Toronado Fund LP at a price of 10.5 pence each, raising USD10 million. The purchase, conducted at a premium, was introduced and arranged by Beech Hill Securities, Seeing Machines says. The net proceeds of the purchase further strengthens the company's balance sheet, it says, and is expected to fund the business through to profitability.

"The capital raised will enable Seeing Machines to develop and collaborate on additional growth opportunities which are incremental to our core plans," says Chief Executive Paul McGlone.

Current stock price: 9.77p, up 3.4% on Monday

Year-to-date change: up 42%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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27 Oct 2022 13:24

Seeing Machines revenue, profits rise in year-end results

(Sharecast News) - Driver monitoring technology developer Seeing Machines reported a 15% improvement in revenue in its year-end results on Thursday, to AUD 54.4m (£30.25m).

6 Oct 2022 12:22

Seeing Machines signs Magna exclusivity agreement for rearview mirror

(Alliance News) - Seeing Machines Ltd on Thursday said it has signed a deal with Magna International Inc, which includes a USD65 million investment through an exclusivity arrangement and convertible note.

6 Oct 2022 11:55

Seeing Machines inks deal with Magna, receives cash injection

(Sharecast News) - Driver monitoring and transport safety technology company Seeing Machines announced an exclusive collaboration agreement with Magna International on Thursday.

15 Aug 2022 15:10

Seeing Machines expects significant growth across its divisions

(Alliance News) - Seeing Machines Ltd on Monday announced significant growth in revenue and its order book, as well as a deal to grow its aviation business.

15 Aug 2022 08:24

Seeing Machines FY revenues in line, cash position beats guidance

(Sharecast News) - Technology company Seeing Machines said on Monday that full-year revenues were in line with expectations and that the group's cash position had bested forecasts.

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16 Jun 2022 11:48

Seeing Machines appointed to new automotive programme

(Sharecast News) - Driver monitoring technology company Seeing Machines has been appointed by an existing global automotive tier-1 customer, it announced on Thursday, to deliver its 'FOVIO' driver monitoring system (DMS) for a large global automotive group.

6 Jun 2022 12:10

TRADING UPDATES: Nanoco ups outlook; Seeing Machines wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

10 May 2022 09:50

Seeing Machines inks its first Japanese carmaker deal

(Sharecast News) - Driver monitoring technology company Seeing Machines has been appointed by an existing customer and global automotive tier 1 supplier to deliver its 'FOVIO' driver monitoring system (DMS) to a "leading Japanese carmaker", it announced on Tuesday.

9 May 2022 15:01

Seeing Machines acquires AUD5 million license for optical technology

(Alliance News) - Seeing Machines Ltd on Monday said it has acquired a world-wide exclusive licence to use an optical technology.

9 May 2022 09:21

Seeing Machines inks IP deal with unnamed tech startup

(Sharecast News) - Driver monitoring technology company Seeing Machines announced a strategic collaboration with a technology startup that specialises in image-sensor and optical systems design on Monday, to create an expected "step-change" in the performance of cabin-monitoring technology.

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21 Apr 2022 11:38

Seeing Machines develops demonstrator with Magna

(Sharecast News) - Driver monitoring technology company Seeing Machines announced on Friday that it has collaborated with Magna on a demonstrator with a fully-integrated driver monitoring system (DMS), combining camera, electronics and interior mirror technology.

20 Apr 2022 21:13

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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