Developments since May 20204 Aug 2020 18:03
SM have solidified their financial footing during these unprecedented times and with economic uncertainty at an all time high .
One only has to look at the carnage wreaked by the pandemic globally on businesses across all sectors.
"Cash is King" in these times.
https://www.proactiveinvestors.co.uk/companies/news/920047/seeing-machines-ltd--refocused-on-fastest-route-to-profitability--920047.html
From the above proactive interview with PM, below is a summary by Seeing-2020 of the same interview. How far as Seeing Machines moved forward since May?
Seeing-2020
Wanted to re-post it for the benefit of others:
Great interview, very open and transparent
a few bits I noted
1) Auto,
- no change , developing programmes , working on RFI & RFQ
- "2 marquee vehicle launches this year, from July"
2) Fleet
- Customers are in fuel and consumer goods so actually too busy for installs
- "in first 2 weeks of May, reasonably sharp increase"
3) Aviation
- finalising RFQ in that space
- military customers not just civils
- "its a slow game but the rewards will be very significant "
4) Restructure
- combining the leadership of Auto and Aviation
- Fleet and Auto / Aviation will have full P&L accountability
- mentioned Nick DF and Dr Mike as the leaders
oh and the best bit a direct quote "we are set up for profitable growth much sooner than we would have been"