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Share Price Information for Seeing Machines (SEE)

London Stock Exchange
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Share Price: 4.585
Bid: 4.47
Ask: 4.65
Change: 0.16 (3.62%)
Spread: 0.18 (4.027%)
Open: 4.49
High: 4.795
Low: 4.445
Prev. Close: 4.425
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Seeing Machines collaborates with synthetic data supplier Devant

Tue, 20th Jun 2023 14:37

(Alliance News) - Seeing Machines Ltd on Tuesday said it is collaborating with the Swedish human centric synthetic data supplier, Devant AB.

The Australia-based vision-based monitoring technology firm said the collaboration will leverage Devant's specialist rendering capabilities to accelerate the development and training of its own machine learning networks.

The firm added that it is part of a larger digital engineering initiative, which it said will enable it to meet growing demand for in-cabin, drive and occupant monitoring capabilities.

Devant provides synthetic human data to support the training, testing and validation of machine learning networks.

Chief Executive Paul McGlone said: "With a wave of new transport safety regulations coming into force around the world, it is increasingly vital for the advanced Machine Learning networks that underpin our AI-driven technology to access reliable data of the highest quality, accuracy and realism.

"Devant is uniquely able to capture and translate the subtlest movements and human behaviours, producing a granularity of detail that has, until now, been impossible to simulate. This unique approach to data creation will allow our Machine Learning to cover a broader range of human activity, improving on delivery times without compromising quality."

Seeing Machines shares rose 0.2% to 5.66 pence each in London on Tuesday afternoon.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Seeing Machines secures extension with North American customer

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18 Mar 2024 14:32

IN BRIEF: Seeing Machines loss widens on higher costs but optimistic

Seeing Machines Ltd - Canberra, Australia-based artificial intelligence driver monitoring specialist - Pretax loss widens to USD19.8 million in the six months to December 31 from USD4.5 million a year prior. Revenue edges up 5.5% to USD25.7 million from USD24.4 million. Cost of sales however increases 70% to USD15.2 million from USD8.9 million. Expenses increase 31% to USD27.9 million from USD21.3 million. Looking ahead, Seeing Machines says it is well placed to deliver continued progress in the year ahead with a typical weighting to the second half. Chief Executive Officer Paul McGlone cites "balance sheet strength and proven technology supported by regulatory changes." The company anticipates that its financial performance for financial year 2024 will be in line with consensus. Says consensus is revenue of USD66.3 million, up 15% from USD57.8 million in financial 2023, cash loss before interest, tax, depreciation and amortisation of USD28.4 million, and a cash position of USD26.1 million, 28% lower compared to net cash of USD36.1 million at June 30, 2023.

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11 Mar 2024 15:41

UK earnings, trading statements calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 Feb 2024 20:13

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

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8 Feb 2024 11:55

Seeing Machines underlying revenue rises 28pc

(Sharecast News) - Driver monitoring technology company Seeing Machines reported an underlying revenue growth rate of 28% for the first half on Thursday, amounting to $25.6m, excluding one-off Magna exclusivity payments.

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10 Jan 2024 14:19

Seeing Machines to supply Guardian Generation 3 in UK and Europe

(Alliance News) - Seeing Machines Ltd on Wednesday said it has won an order to supply its Guardian Generation 3 technology to unnamed UK and European bus manufacturers following its launch on Tuesday.

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10 Jan 2024 12:34

Seeing Machines inks contracts with three vehicle manufacturers

(Sharecast News) - Driver monitoring technology specialist Seeing Machines has secured contracts with three prominent commercial and bus manufacturers in Europe and the UK, it announced on Wednesday.

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9 Jan 2024 12:46

Seeing Machines takes wraps off next-gen driver monitoring system

(Sharecast News) - Driver monitoring technology specialist Seeing Machines unveiled Guardian Generation 3, the newest iteration of its aftermarket driver monitoring system (DMS), on Tuesday.

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9 Jan 2024 11:25

Seeing Machines launches latest EU-compliant driver monitoring system

(Alliance News) - Seeing Machines Ltd on Tuesday unveiled its latest AI-powered driver monitoring system, in line with new regulations on vehicle safety.

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20 Dec 2023 13:06

IN BRIEF: Seeing Machines to deliver USD30 million automotive program

Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Wins automotive program award with an existing European Tier-1 customer for a new European original equipment manufacturer. Says the program will be delivered via the company's FOVIO e-DME software library. It is scheduled to start production in 2026, carrying an initial lifetime value of USD30 million.

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20 Dec 2023 07:36

Seeing Machines secures 17th automotive program award

(Sharecast News) - Monitoring systems technology developer Seeing Machines has secured its 17th automotive program award with an existing European Tier-1 customer.

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Seeing Machines upbeat on proposed US driver safety rules

(Sharecast News) - Driver monitoring technology specialist Seeing Machines updated the market on Wednesday, on an announcement from the US National Highway Traffic Safety Administration (NHTSA).

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