focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
FWIW I agree with Old Fool re Glandore.
My take on his figures:
Worst case scenario at best and only possible if we had one or more competitors neck and neck on the tech. In that case, OEMs and T2's could play us off against each other and keep chipping away to the bottom. It would appear that the opposite is happening and T2's are being told 'we want the good stuff'. It's all about the moat and I believe ours is wide and deep enough to give us healthy margins.
It's very hard to know when this will pop. I know it WILL pop and I don't want to be out or light when it does so no more clever stuff for me. Just sitting tight. I expect a few more will digest the white paper over the weekend.
"how far in the distant future?" I don't think anyone apart from a few at the top could answer that with certainty, other than to say 'a day closer than yesterday'. It is, to my mind, perfectly feasible that a decent order, linked to an infrastructure project for instance, would be convincing enough for the market to think that others will follow and tipping point has arrived. Perhaps testing has finished. Perhaps the pricing has just been agreed. It could drop any time.
My fave bit, because Paul is a LOT more circumspect since 'Imminentgate' is PM stating : "We are extremely confident that this combined solution will be successful across the automotive market as our Tier One and OEM customers seek more advanced levels of integration."
He doesn't use words like 'extremely confident' unless it's pretty much in the bag IMO.
"However, the mirror is both space and power constrained, demanding a highly-optimized imaging signal chain to meet the conflicting needs of high-performance vision processing with very low power consumption. Together the OX05B1S sensor and OAX4600 processor represent the interior sensing equivalent of an ace high royal flush, combining 5MP resolution with best-in-class image processing and low power consumption. It isn't obvious how this solution could be bettered on a performance-per-watt basis and looks positioned to be extremely successful in the automotive OEM nominations for occupant monitoring to be decided throughout this year and next."