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Share Price: 4.815

Bid: 4.79

Ask: 4.86

Change: 0.07 (1.48%)

Spread: 0.07 (1.461%)

Open: 4.75

High: 4.86

Low: 4.75

Prev. Close: 4.745

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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;Â lucyheming@alliancenews.com

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