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Share Price Information for Seeing Machines (SEE)

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Share Price: 4.825
Bid: 4.74
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Change: 0.005 (0.10%)
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Open: 5.09
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IN BRIEF: Seeing Machines Loss Widens But Confident In Outlook

Mon, 02nd Nov 2020 16:26

Seeing Machines Ltd - computer vision technology company headquartered in London - Says revenue for financial year to June 30 rises 25% to AUD40.0 million from AUD31.9 million the year before, though its pretax loss widens to AUD45.5 million from AUD42.0 million. Cost of sales jumps 91% to AUD25.6 million from AUD13.4 million.

"I am pleased that our solid progress in FY2020 has continued into the first quarter of FY2021, with both revenue and cash ahead of budget. I am confident that we are on track for a successful year ahead with a strong strategic focus, foundational partnerships and a well established team to deliver," says Chief Executive Paul McGlone.

Current stock price: 4.46 pence

Year-to-date change: down 10%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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