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Brock,
Certainly in auto Paul said we invoice in quarter for payment end of next qtr.
I wouldn't expect fleet invoicing would be as low as 28 days.
So i expect a decent chunk of the invoices sent in final quarter Q4 will get paid in Q1.
Just in case anyone has missed anything today
Https://www.linkedin.com/in/colin-barnden-1081376/
https://www.proactiveinvestors.co.uk/companies/news/1024336/seeing-machines-upbeat-on-growth-trajectory-and-funding-position-1024336.html
Brock, G3
"Things start to get pretty tight, just as G3 is launched and we need to buy loads of hardware inventory"
Wonder what Stifel mean by this comment???
"We note that working capital stands to benefit as the company moves to a capital light model with its 3rd generation product which is scheduled before the end of FY24 which is likely to result in much lower inventory levels in the future."
If you ignore what FORD, BMW, GM, FISKER, MERC are to release this year and into next with SEE tech.
Here's a list of 4 of the last 5 RNS's which all point to SOP 2024. (Honda was suggested SOP 2025)
2024 NEW MODELS
RNS 16 Dec 2021 β VW SOP early 2024 NEW
RNS 6 June 2022 β Believed to be Renault - SOP early 2024 (Qualcomm 3rd Gen) NEW
RNS 16 June 2022 β Believed to be Stellantis SOP mid 2024 ( L2-L3) Existing
RNS 22 Dec 2022 β Believed to be Stellantis DMS/OMS SOP 2024 Existing
Be interesting to see what Stifel recalculate the numbers at year end.
Solid set of results and look forward to the Proactive interview.
Congrats to those that bought last week at 5p as 5.8p seems solid.
Recalls are a good thing, and responsible oems do them (Tesla not so much).
But recalls won't affect DMS numbers as stated already installed, and Ford will have changed whatever is needed at factory so shouldn't impact numbers much if at all.
Not long to go now until the latest KPIs and trading update. Hopefully exceed market expectations ( and head towards S2020's numbers) and brokers will all have to recalculate their figures.
Profitability in 2024 would be great and get us where we should be.
Short,
SEE is not driving the handsfree movement. You should take up your points with those OEMs that are. Also talk to Tesla, Cruise, Waymo etc.
DMS is primarily about fatigue, distraction, illness, intoxication and others. And it is for these reasons legislation has been written and will come into force.
Your conspiracy theories are evident looking at you posting history here and elsewhere.
You dont seem to have done any research on this company at all.
Thats my last chat with you.