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He had 4.02% so would have to announce as soon as he went under the 4% threshold so not sure it's him.

I think the forecast numbers from the presentation are CY forecasts rather than FY forecasts.

But from a much higher starting point. We're also spending significantly more on R&D which I suspect we can continue to offer a premium for years to come.

No worries. Not sure how much Redeye actually understand. They've got Smarteyes DMS (including NRE) gross margin at 100%.

What they do show is the deterioration in ASP per unit. In 2022 it was $6.20 by 2026 it will be $5.43.

That's way below our ASP.

They're selling a commodity and we're not.

That was my point they're getting the benefit of the extra 6 months.

It's difficult to compare with different year end dates.

Their fy23 will benefit from greater uptake in the 2nd half of CY23, which is FY 2024 for us.

2 of the major employees in the aviation division have actually left recently.

At the time I though it was because an aviation license would be signed and we would therefore not need direct employees anymore.

That might still be the case, but until we get an aviation license the division definitely doesn't look stronger.

Do you mean imminently?

I'm not sure I agree with all your findings.

First of all $600m is the 2028 figure. This amount is likely to grow as take up increases in subsequent years.

As others have pointed out this excludes fleet and aviation and any potential new markets.
With regards to taxes we have the ability to reduce or minimise them by using losses in previous years.

Apparently going to do financial forecasts. I think these should be made public.

Not sure why not though. Especially with something like the mirror as a generic solution. Lots of little wins soon add up.

Mentions Ford for the first time.

Not sure why they couldn't do that in the results.

They already hinted it would be the first half of fy24 in October last year. I've mentioned that on here previously.

Jinx

They announced the Magna deal a day before the town hall meeting so they had something to talk about.

The fact that Collins are meant to be presenting there makes me hopeful an aviation licence deal will be announced on Monday or Tuesday.

I'm assuming it's 11 rfqs now following our December win. Possibly 10 if we were bidding on the big Smarteye win.

Off course new rfqs could have been added.

Sorry meant 200,000 as it includes Renault trucks as well. They

Nope if it is Volvo as I expect then it's 150,000 units a year that we won't be in which is about 10% of European trucks we won't be in.

It's also a precedent that others might follow suit.

It oem's are fitting this rather than our fleet product with monitoring then it does decrease the addressable market unfortunately.

It's been taken down now. Was obviously not meant for public consumption.