Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Glandore
Totally understand you can take a more cautious approach. The SP is depressing us all.
But feel more optimistic about bluecruise as i am sure the margins are much higher
Terry, a good point i had totally forgotten about the extra features being requested
Also there are upfront costs for feature development.
Discussing with Glandore it occurred to me by December we will have enough data to be sure. No more conjectures
You cannot divide like that.
Revenues you see today are due to 4 project lines
1. Ford
2. Diamler
3. BMW
4. GM
Of the four only ford is a full chip solution for which price is higher. Did you take into account the volumes for chip vs non chip. I dont think SEE releases those figures.
14 dollars avg already tell you chip solution is probably close to 25
Glandore, 16 aud, where did you get that from?
Yes, F150 Lightning bluecruise uptake might be less, but not for MachE. 88 percent is very well what MachE uptake looks like.
However one thing to consider for F150, as the demand is higher it allows Ford to push the higher end models better.
Lets see how it pans out, by year end we will know if Ford increases the volumes and will have data for F150
Maybe i am over optimistic, but lemme know if the calculations seems wrong.
Here is the updated estimates from Ford, Note they have upgraded volumes twice, i will not be suprised if they do it again. From what i found out Ford with current orders are booked till early 2024, if they dont increase volumes
https://electrek.co/2022/01/04/ford-doubles-lightning-production-again-to-150000-units-per-year-by-2023-600k-bevs-annually-by-2024/
Glandore,
i did some calculations just for bluecruise
Ford has also shared a revised planned run rate of about 150,000 annual units by mid-2023. Not to be outdone, Ford has previously announced a tripling of production for its ever-popular Mustang Mach-E, expecting to reach over 200,000 units annually by 2023. That, combined with Ford’s upcoming all-electric E-Transit van, provides a lot of optimism for future EV production.
In fact, Ford’s anticipates its combined global BEV production will surpass 600,000 units per year in the next 24 months
Till May 2022, Mache numbers were close to 43000, while Ford Motor Company announced it delivered 201 units of the new F-150 Lightning all-electric pickup in May.
So F150 lightning numbers are still negligible.
According to Ford's May sales report, over 38,000 owners have activated BlueCruise in their vehicles thus far, and those users have racked up a combined 4.5 million miles with it activated, too.
My rough estimate is close to 88 percent of buyers opted for blue cruise.
https://www.goodcarbadcar.net/ford-mustang-mach-e-sales-figures/
i use 88% rate as the uptake rate for bluecruise
What’s the Fovio Xilinix priced by SEE? Somewhere in 20-25 dollars range.
Total MachE + F150 Lightning sales expected in 2023 is 150k + 200k = 350k
SEE revenue = 6Mill to 8.75 Mill( from MachE and F150 Lightning)
Note that Ford all electric E transit also includes driver drowsiness detection
https://www.inverse.com/innovation/ford-e-transit-range-price-specs-electric-cargo-van
If we take total BEV (not very sure ) as SEE Fovio Xilinx that’s 12Million to 15 Million range.
And that’s just blue cruise.
If indeed 2.5 million BMW cars now get SEE tech as default, seems reasonable to me that we breakeven by 2023.
Very interesting observation from Safestocks.
Pinnacle Investestment (Randy Baron), holds stake in both Renalytix and Seeing Machines. if i remember correctly both of these are in the top 10 holdings of Pinnacle Investments.
Stiefel is the broker for both Seeing and Renalytix
In addition, at the Stefiel event, Randy Baron was present in person
https://www.linkedin.com/posts/nike-klara-aab0b039_stifel-stifeleurope-technology-activity-6945820051442733056-eVwu?utm_source=linkedin_share&utm_medium=member_desktop_web
There might be something here
No doubt at all SEE is best positioned to deliver DMS. Compared to us SEYE is a joke lol. I hope they have managed to get the resources or will in coming months.
Well the problem like this is most desirable no doubt tells about the strong pipeline
You cannot just onboard 50 engineers from a partner in few weeks. Such an exercise takes months. I know this game managers play on spreadsheets. DMS engineering staffing is not that easy. Lets see i have some questions for PMG
Imho this is a serious failure of the management. Based on the cenkos report, I think seeing is looking for an additional 60 -85 engineers.
Bad planning and this will have impacts. Missed deadlines cost overruns and poor quality