Member Info for boonboon

Potentially yes, but any new contracts especially on the oem side aren't going to have an impact for at least a year and potentially a lot later than that.

So gen3 to be announced to the market at CES in January and then be available for fitting in March/April is what I got from the presentation.

On the plus side it sounds like we already have pre-orders for it.

Imo this is SEE DMS in collaboration with Ambarella and Autobrains as per https://seeingmachines.com/seeing-machines-ambarella-and-autobrains-combine-dms-with-adas-on-soc/#:~:text=Seeing%20Machines%20announced%20a%20partnership,(SoC)%20and%20multiple%20cameras.

Paul has mentioned VALEO as a great partner before.

That would perhaps be something they'd include in the audited results in October, but not in the trading update.

Not really. There's been a negative working capital inflow which should unwind so cashburn is somewhat higher than normal this half.

"Working capital increased due to the timing of Guardian inventory deliveries, leading to an increased level of inventory and receivables at 30 June 2023. Inventory levels are sufficient to support demand for H1 FY2024 and will unwind along with receivables in the first half of FY24"

Nothing concrete, just an inkling. They seem to keep pushing back the launch date inline with the launch date of gen3.

I've been saying for the past year or so that I think we're involved in the Nextbase iq.

Because Ford are up selling/switching on bluecruise to customers who have bought cars in previous quarters. So we would have had these sales in previous quarters.

That's a 6 month increase not a quarterly one. In the 6 months our sold units went up way more than 30%. In the last year installed units went up 177%.

Costs haven't gone up that much. Yes it looks like they have hired more people. They have also let some people go. Especially in the aviation division.

Sorry meant FY q2 to q3

Can you give evidence that our cost base has gone up 25% from q4 to q1?

Agreed I think we hit 1 million units this month.

So a red flag for you then.

Numbers are pretty much bang on my estimates.

253,000 I mean.

It's just over 263,000 in the first 6 months.

Qtr production Q1 112,077 Q2 141,747

Smarteye have announced quite a lot of small follow up orders that we didn't bid on as it was an extension of previous contracts.

Either our oem's haven't given any follow up orders or we just haven't announced them as they're relatively insignificant.

I expect/hope it's the latter. Although our "cumulative initial lifetime value" hasn't changed between contracts to reflect that.

It's unlikely, but not completely impossible.

An aviation licence deal
Some large oem contracts
Successful gen3 launch

Could all be catalysts for a rerating. Get all of them and we have the potential to reach 70p

One CEO started a company with his dad straight out of university. Has some technology skills, but not necessarily any great business skills.

The other has had a long and diverse career across a multitude of sectors and functions. Who was brought in when the company was having problems.

I know which horse I'm backing.

Because most fleet vehicles don't have a Rearview Mirror

There's a couple of saving graces.

DMS will become mandatory in the EU within the next few years.

Our competitors aren't winning too many major awards.

So we know there is still business that must be awarded. If true that we have the only working DMS option in a mirror then that will be the quickest and cheapest way to integrate.

Oem's are running out of time so will look for the quickest solution I expect.