Member Info for Lewbo18

That win was announced a few years ago.

This is the only time Seye has announced who the oem was before SOP. Previous ones have been after. Maybe its the Swedish connection Volvo are allowing it for.

Sales start H1 2024.

I think this is the first 2 camera system I recall to monitor the driver.

Its a bit strange that Tobii and Cipia tend not to give any contract values in wins.... Not even absolute minimum values.

But Tobii do have an explanation why.

The automotive industry is rapidly changing due to the ongoing technology shift, disruption from new entrants, and accelerated innovation pace. This is also causing a changing purchasing behavior from OEMs. Design wins in the automotive industry are not a guarantee of future revenue, and sales may not correlate with design win values. Mid-life redesigns and decisions to re-source components can change the projected timeline of a design, or models may be canceled entirely. Pricing estimates are made at the time of a request for quotation by an OEM. Changing market or other conditions between the time of a request for quotation and the actual order may require a lower average selling price than initially expected. In combination with inherently long lead times in the industry, forward-looking projections of lifetime value, volumes, and average selling price may give rise to undue reliance and overconfidence in the earnings potential and value of each deal. As a result, Tobii does not believe it is possible to, with a sufficiently high degree of certainty, provide guidance on the revenue or potential future opportunities with manufacturers.

"usually targets are completely unrealistic to stop employees from achieving huge bonuses"

What a ridiculous statement.

"zero added to the market cap by Dec 2024"

Not what he said.

The confusion over the 10m shares target is poor from SEE's point of view. It does state June 2024 but previous RFQs are all pointing to 2026. If this is an error it is extremely poor and doesn't look good.

Yeah Brock

Tell us you sold 200k at what was 5.70 and you're not happy and will reassess the rest of you investment today.

Still not happy so next step is sell out completely, or you've reassessed but still not happy.

Nobody cares what your trading strategy is.

Some crying going on here this morning from the usual crew....

There was a director rns 10 days before the mobileye announcement, so guess its up to the nomad advice. Generally its a month at least i think before interims and year end results etc.

Yeah beneficially interested in 7.2m , and as CFO knows the books and seems happy to buy.

Yet the moaners are still here .... Sell up make money elsewhere and buy back in 2026. Isn't that what you are saying ? No movement , no point - SP will be the same .......Sell up ..but you don't !

So this is just Europe and based on minimum expected values which we know are probably a third of the real lifetime amount...

This is on top of BMW and Merc and whatever else hits Europe this year and next.

Just for completeness I’ve added in the links for the 2024 SOP wins. Also the value of the win. All are Aus $ except for when SEE have given both values Aus and USD.

2024 NEW MODELS AUTO

RNS 16 Dec 2021 – VW SOP early 2024 NEW (A$125m)

https://www.lse.co.uk/rns/SEE/largest-driver-occupant-monitoring-system-award-w2z0yj8t67gsav4.html

RNS 6 June 2022 – Believed to be Renault - SOP early 2024 (Qualcomm 3rd Gen) NEW (A$27m)

https://www.lse.co.uk/rns/SEE/new-tier-one-contract-takes-oem-customers-to-10-255itsuyozqeo8w.html

RNS 16 June 2022 – Believed to be Stellantis SOP mid 2024 ( L2-L3) Existing (A$23m)

https://www.lse.co.uk/rns/SEE/seeing-machines-awarded-additional-oem-program-fjifwa1ymf0evbm.html

RNS 22 Dec 2022 – Believed to be Stellantis DMS/OMS SOP 2024 Existing (US$32M (A$45M)

https://www.lse.co.uk/rns/SEE/seeing-machines-awarded-additional-oem-program-9rf0uw7dd5sgveu.html

In summary there is a lot to kick off in terms of new SOP models - particularly biased towards the European market.

Oh buy signal⬇️

Seize,

Yeah the biggest DMS win by any T2 was with the Magna mirror supplying VW... And it kicks off soon.

Those VW sales are great.

Bet other DMS suppliers wish they were supplying them.

VW for SEE will be massive.... Starts early 2024

I guess i should also point out that Smarteye for some reason include fleet models in their numbers and use the "if we win all models for this oem" version of wins which is somewhat different to industry.

Remains to be seen how much of the many many millions of new cars coming with DMS that both SEE and Seye will get.

Although i expect Seye would like to have won VW which was the Magna mirror win and kicks off early 2024.... Not long to wait.

Ah well legislation means that every new car must have DMS or the OEM cant sell it. Once fitted SEE get paid when it leaves the factory.

Martin did express the view that Smarteye will get 40% if the DMS market in 2026.

Very confident he was too. Of course that'll be a small amount of electric, mostly petrol and perhaps even some diesel.

The point being that ALL cars must have DMS in 2026. Of course SEE's projections fit this all nicely. Any car sold in Europe must have DMS.

And looking at Smarteye's presentations didn't Martin expect there would be about 18 million cars with DMS in Europe in 2026 year.

Wow that's a massive amount presumably as thats when ALL new cars have to have DMS.

Yeah could all be an issue early next year.

I guess it's more important to have a piece of glass on the cabinet than have 50,000 fleet dms on the road. Added the monthly revenue for monitoring, which unfortunately Smarteye dont have.

Smarteye reduced staff as part of drastic cost cutting exercise. Yet have a history of not getting cars to SOP. Think Audi, JLR.

Added to losing BMW who Martin has confirmed were the auto company that got them most of their 1m cars, to SEE.

BMW crossover is this year and next. They need to fill the void... Polestar??

Will be watching.....

Not sure why Smarteye dont produce KPIs.

They had a million cars with their technin May 2022 and various other numbers stated in non official reports. 1.5m and even 2m

So why not brag about it?

Have concerns have been raised that Smarteye ramp up in their auto market won't be fast enough to get them to breakeven in late 2024. Do they need more cash before that?