The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seeing Machines are not listed in the Attendees list or the Exhibitors list.
So in what capacity will they be there ?
Perhaps they won't be - hence the post being removed ?
I can understand timelines not being met - though it is worrying when it becomes a feature of our new, whiter that white, CEO but I cannot understand the reluctance to RNS Increased lifetime volumes as they become evident a la SEYE.
It would do so much to convince both current and future shareholders that things are trickling up as we await the avalanche.
"Based on announcements, Ford may have switched from Veoneer to Bosch for #NCAP #GSR DMS,"
If this means SEE have lost Ford DMS it is surely as big a deal as winning Ford in the first place.
But in this opaque world nothing is clear at the Tier-2 level.
Oh to have clarity......
Phil, it was quite clear to whom he was referring given that the SEYE finances were a hot topic at the time. SEYE may even have been mentioned by the questioner to whom he was responding. I cannot really remember.
In any case looks like we have real discussion on here now with more joining in with contrasting viewpoints - all good.
PMG's questioning of SEYE's ability to win orders given they had not at that stage raised funds also indicates a careless lack of knowledge of the market/competition and a worrying hubris.
This latest should serve as a good kick in the ****...
Pride before the fall.....etc.
Cannot see that they could do any better with Auto than be in pole position when the RFQ's are eventually awarded. If they fall SEE's way we will find out in short order but in the meantime all the indications are good.
Fleet progress has been dismal. Gen 3 is supposed to change all that but we cannot bank on it until there is some clear volume progress - it has not even been released yet so that news is not imminent (Unless they do some big deals before official reveal).
They have always been at pains to tell us that Aviation is a slow burn, long lead-time project. Progress through the foothills has been impressively consistent in the meantime.
The leadtime to profitability has been well ventilated here by a number of posters but generally ignored in the irrational exuberance. Just two or three years to go....keep calm and carry on blissfully on the Magna comfort blanket.
All good things come to those who wait.....
Patience is a virtue etc.
Couldn't agree more isb,
The loss in y/e 30 June 2022 was Aus$25.7m.
The question we need to focus on is how many Auto, Fleet and Aviation sales do we need on an annual basis to 1) get to profitability 2) get to profit levels that support a much higher Market Cap.
The Magna Licence income will look good in FY23 and maybe spill over into Fy24 depending on how they account for it but even with it those years will still show a loss imho.
Seeing Machines need Millions of units of DMS car sales annually and 100's of thousands of fleet sales/connected units.
The more clarity the company can give us on those (big) numbers and timing the better.