Member Info for isb1974

Who gives a sh*t about km travelled - the market wants contracts and the massive growth in KPIs that has been promised for years now.

God help this SP if they don't start delivering some contracts soon and if the KPIs don't start ramping up significantly at the start of next year

SEYE are up by over 7% and we are down 7%?

I assume they have won another contract and it's probably one with Coca Cola, Amazon, Stellantis etc... you know the ones that we have in the bag because of likes on LinkedIn?

Which rfq's are those PrivateRyan?;

The ones we were inundated with in Nov20?

The 4-5 for the mirror location from several years ago?

The fleet one for over 100,000 units that we were the only ones on the RFQ for from 2023?

The ones that were just 6 months away in 2022, 2023 and most recently oct2024?

The Japanese one referred to last year with the Mitsu deal?

Or some of the ones from the 2bn market that was supposed to happen 2-3 years ago?

Or the ones from the 6-7 enterprise customers that have been trialling the product for well over a year?

I'm not even sure these rfq's exist, oh well looking forward to breakeven next month ... Oh wait a minute that got pushed back ... I wonder what the odds are for hitting the revised date?

But not to worry if they miss that again because we have the 2m cars per QTR kpi's to look forward to, which for the next 24 months will just go to paying Magna back for that fantastic deal we did with them which so far after nearly 3 years has delivered very little in terms of revenue and profit.

But who cares about Qualcomm, Magna, Valeo - we've now got the new kid on the block to focus everyone's attention on - that's right we have Mitsu the company that is going to deliver massive Gen3 volumes in north America even though we haven't even got enough stock to supply the circa 1m commercial vehicles a year that apparently need this tech installing in Europe before the legislation comes in next July.

2.5p at Xmas anyone?

Being p*ssed off and calling out all the bullsh*t from PM, isn't deramping my investment - unfortunately it's calling out the truth.

Until they finally deliver on some of their rhetoric why should I believe things like 2m cars in KPIs every QTR from 2026.

It's always jam tomorrow

I'll change my opinion on them when they actually deliver

Maps I've never sold so can't rebuy what I haven't sold.

Interesting to see that aviation is now as clear as mud just like auto and fleet

Wonder what the excuse is going to be when they miss breakeven by the end of 2025 and kpi's of 2m don't materialise

Not long until the end of June, I guess if they extend that exclusivity it will be announced not sure whether it will be announced if the exclusivity is left to just expire, unless there is a positive reason for the end of the exclusivity.

Extend the exclusivity I would have thought would be a positive sign.

A new contract win with extended exclusivity would be even better. A new contract is well overdue

4 years ago I didn't expect it to be this dire just 13 months away from legislation in terms of fitment numbers and new contracts.

Interesting Maps - most comments on here today are people's opinion about the performance of SEYE and Martin, where as mine was a factual statement rather than an opinion. I agree not insight but a fact. One which shows the market today doesn't have the same opinion about SEYEs results as people on here.

Yet their share price has gone up by 10%!

Or perhaps he has just decided he doesn't want to buy anymore as he has already ploughed far too much in already and therefore it's not linked to anything

I think they just need to focus on the 1.5m new vans per year to start with to meet the legislation - then worry about vans already on the road.

At the moment the opportunity isn't really 30m, it's 1.5m which is still more than enough.

But how are they going to satisfy that with the small production volumes of Gen3 quoted?

Who would have thought 30 months on and we'd still be waiting for another sizeable auto contract through Magna

I hope SEE had something in the exclusive agreement that stipulated a certain level of business and it wasn't just the VW contract that has not delivered the volume yet.

I hope the lack of new business is taken into account when re-negotiating the deal.

Or they pull their fingers out and win some of these 4-5 RFQs for the mirror location PM used to spout on about.

Feels like groundhog day, still waiting for a large increase in KPIs, still waiting for breakeven and still waiting for new contracts across all areas.

To be honest at least we have an end in site for the kpi's and breakeven due to the legislation - I'm looking forward to 2m cars per QTR in the kpi's in 12 months time

The thing that's frustrating is the lack of contracts - where the f**k are they. PM said 6 months ago early 2025 and here we are again deadline passed and no sight or sound of them.

SEEING - you know the answer to this - it will never get into production apparently

And there is no need to worry because come April next year we will be going into huge amounts per qtr.

Oh and what was the other one - oh yes we probably didn't quote for that contract anyway because it was too small for us to worry about

Last year it was 7th May so hopefully will be next week.

I say hopefully but I may regret that when we see the numbers.

I wonder whether we will beat last QTR Gen3 figures? Break 1,000 for the QTR?

Also back on the production front - isn't Mitsu focussing on the American market

So we aren't just talking 1.8m commercial vehicles in the EU in 2026 but we are also talking the huge numbers from the American market via Mitsu that apparently are going to be delivered via this collaboration

Think we are going to need several production lines not just one extra one!

Sounds about as make believe as breakeven was by June this year and probably Dec this year.

So apparently production is not a problem.

The problem therefore comes back to not winning any contracts.

Van, truck and bus manufacturers are almost only 12 months away from having to be compliant.

Why aren't orders coming in aren't they running out of time?

Https://www.acea.auto/cv-registrations/new-commercial-vehicle-registrations-vans-8-3-trucks-6-3-buses-9-2-in-2024/

The truck market alone is over 300,000 so even if we can only supply 50,000 units that's still too much for the competition to pick up. And if the competition do pick it up then Gen3 will have been a massive failure.

But what about the 1.5 vans? when the rumours came about Amazon the posted links suggested to me that it was going to be the auto product through Rivian I believe but the rampers on here clearly said it would be the fleet Gen3 product.

If that's true how can fleet products supply 1.5m vans and 300,000 trucks.

Nothing make sense, but hey who cares if the SP is half of what I bought at that's ok I just want to know how I can get one in my old banger rather than how are they going to get it installed in millions of fleet vehicles

So what your saying is that they won't be able to lobby to get extensions and push the legislation back a year or 2.

I can't remember the exact figures Ive said we would be ramping Gen3 manufacture up to but i think it was less than 50,000 a year.

So are you saying that Cipia, Tobii and SEYE are going to take the majority of the 1.8m fleet vehicles in 2026 then (assuming there is a similar about sold in 2026 as 2024 figures)?

As far as I am aware SEYE have only announced one win in fleet although if I recall correctly it was a big one - bigger than anything we have announced.

Anyway even if there are competitors the main point still applies - demand will far outstrip supply and therefore commercial fleet manufacturers will look to push the legislation back by stating they can't comply due to lack of supply

Chris100 - by direct you mean camera based?

SEEING - competitors in fleet not Auto

Enlighten me