Reduced recurring revenue. Why?27 Mar 2026 11:29
Shares in Seeing Machines were in the red on Friday morning after the group reported a decline in first-half revenue, despite improved underlying performance driven by rising automotive royalties and production volumes.
For the six months ended 31 December, adjusted revenue fell to $23.4m from $25.3m a year earlier, reflecting reduced OEM-related non-recurring engineering and licence income.
Why is this?