Member Info for boonboon

You really think we didn't bid?

See are over promise and under deliver time after time.

I was hoping for a different type of award.

I don't think any new auto contract will be in production in 2025. But should definitely boost the sp.

Because for their investors having enough cash to see them through to break even was a concern.

That concern is largely derisked with the credit facility. (BTW we have a credit facility too, which is much larger, via Magna).

For us a $15 million contract not starting for another 2 years and then spread over about 7 years is hardly going to move the dial.

Should say theirs in $ ours in units.

Any reason why you think their announcement is less positive than ours?

It's a similar annual change (theirs is ours is units).

We had a relatively small win. They announced a small credit facility that derisks their shares to some degree.

Long term I think SEE is by far the better bet, but on those 2 announcements alone I wouldn't say ours was better.

I think bid will be in 2025, possibly early 2026.

Net sales for the Automotive business area (Automotive Solutions and Fleet & Aftermarket) during the third quarter was SEK 24.0 million, compared with SEK 13.1 million in the third quarter of the previous year. Revenue is driven by higher activity in development projects referring to our design wins and increased sales of our fleet aftermarket product.

The wording doesn't suggest a huge increase in cars on road.

Their ASP is a lot lower than our currently.

The new debt facility should help them a lot, but they obviously feel they're likely to need it, which suggests some delays.

According to those figures April to June production was around 530,000

July to September was 580,000

So there was actually almost 10% growth quarter on quarter. Which makes it even more surprising we only managed 5%.

The issue for me is that they gave forecasts in their recent webinar, which stated quarterly growth would need to be around 23% to achieve these forecasts. Quarterly growth of 5% is way below that. So they need to exceed the 23% in coming quarters to keep on track. Hopefully with new models coming out soon they can achieve this.

I was banned on Telegram for not being positive enough.

They don't like debate over there. They just all want to sing from the same hymn sheet.

I imagine it will be behind Smarteye still. It's 14 months since they announced 1 million cars on the road. If they've only managed 300,000 since then they might as well give up.

I do think we're catching up though and will likely overtake them in the next year or so.

Whilst it's good to get a win the initial value is peanuts. Let's hope it does lead to more business with this oem.

I'm positive on Seeing machines, but was hoping for more from that rns.

I know it's seasonal, but they've got a lot of catching up to do to get to a 23% average growth rate.

They paid $10million for their shares at 11p.

They'd have got less than $5million back.

There would be no reason for them to sell.

Wrong. They do have shares just not a notifiable amount yet.

"Magna International Inc., (NYSE: MGA) (a large, multi-national Canadian mobility technology company for automakers and an existing customer of Seeing Machines) invested US$10m as part of the Placing at the Issue Price".

I expect royalties.

"A unique collaboration with indie Semiconductor to deliver best-in-class, vision-based sensing solutions in challenging conditions (e.g. low light) also targeting simplified compliance with heightened safety standards. This partnership is based on indie's integration of Seeing Machines' hardware optimised and industry-leading Occula(R) Neural Processing Unit (NPU) technology into their first generation of innovative vision sensing SoCs".

I'd be worried if Smarteye were winning lots of new business. They aren't.

The longer the rfqs take the more likely it is to be in the mirror as that's the quickest implementation imo.

They implied the 2026 numbers were Conservative throughout the presentation imo.