Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The new Golf 8.5 starts rolling of the production line today.
You can now use the configurator on the VW website.
The base model (and all other models) includes this "Advanced driver attention & drowsiness monitor" so that's our tech in all models of the best selling car in Europe over the last number of decades.
So perhaps Paul and the team have been busy ensuring their biggest win to date gets to SoP.
Great news for an genuine holder.
link=*************seeingmachines
sadly this group has turned into an average bickering aim discussion board.
any newbies or people who are genuine holders that want a grown discussion on the pro's and cons of sm should join the telegram group, link below.
*************seeingmachines
Aaroon,
I would also expect the new Golf to have SM DMS.
They might produce a few of them
Majorem, I agree, safestocks has the best prediction record.
He even predicted Mercedes and got the model correct, the extract below is from Oct 2017.
"The awarded models are scheduled for mass production in 2020. My own guess is the manufacture is probably Mercedes. If it is, the tech is likely to debut in its top of the range S series, which is scheduled for a relaunch in 2020."
He has predicted a lot more that hasn't happened yet, just makes him more cleverer when they do finally happen.
As for ISB thinking I am safestocks, I take that as a huge compliment and must contact my English teacher who told me "you ar dum and can't evan spel proper"
Https://www.safestocks.co.uk/
Yes, anticipated auto contracts have been delayed but through no fault of Seeing Machines. According to my sources delays have been caused by haggling between Tier 1s and the OEMs. Nothing to do with the superlative technology of SEE. As the OEMs need a quick solution I anticipate the delay will be overcome soon.
Nevertheless, I’m still expecting auto contract wins before the end of this financial year, probably with Japanese OEMs. These should be sizeable contracts and one name that keeps on popping up is Honda, but I’m optimistic we win another too. Japanese OEMs are behind the curve on interior sensing and Seeing Machines could help improve their position
Lewbo, its because we are ordinary working class people we get pushed down the league table, CB and safestocks get overly promoted.
We can't compete with mainstream media like those pair
Isb, how dare you have me as number 3 on the ramper list.
Just because Colin and Safestocks doesn't make them rampier than I
I was ramping this a decade ago when the sp was only around 5p ....
25 March 2024
Director/ PDMR Shareholding
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that on 22 March 2024, Paul McGlone CEO purchased a total 450,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5.09 Pence and a total of 50,882 Ordinary Shares at a price of 5.04 Pence.
Following these purchase, Mr McGlone is now beneficially interested in 8,950,882 Ordinary Shares, representing 0.22 per cent. of the issued share capital of the Company.
A blind man with a dog and a stick could see that placing coming.
Be careful what you wish for
The drop in Gross Profit was explained very clearly in the results pres. Last year we had a higher element of auto license revenue (Magna upfront payment) which was at 100% margin.
I woke up in a cold sweat this morning, for over a decade I have spent hours a day researching the industry and this company.
I predicted many things
Auto - $1bn+ orderbook of design wins
Fleet - over 100k installed base, generating free cashflow and valued higher than auto. I predicted contracts with coca cola, fedex etc etc.
Aviation - license deals and large contract wins.
People said I was a ramper, but I trusted my research so took that as a compliment.
However, the sad sad truth is I never predicted the most important business metric the holy grail of cashflow breakeven, shame on me, I never saw it coming, these dreamers in OZ actually turning a cash profit, not an accounting profit by sticking R&D on the balance sheet the higher bar of cash profit.
Shame on me, I am actually a deramper after all.
@Team300.
To be clear what I am most interested in is cashflow breakeven, so if we are on track for below $1m even before we see the full impact of VW then that's great, cash is the one figure one can't ramp it's a factual number. As for prior burn, firstly it's bought and paid for and in the cash balance reported as at 31st Dec 23, secondly if it was higher than planned that makes the drop to below $1m even more impressive.
I am very impressed with the control of costs/ cashburn.
On track for below $1m in Q4 (April-June 2024), previously they had said $1-1.5m.
Firstly the article is a month old and most of us read it then, I post the whole article below as Brock seemed to be mixing the article and their opinion as the article states $1bn (circa 20p) not 7-10p.
Seeing Machines
"This is one of the great unknown success stories to come out of the Australian National University. Its progress toward profitability offers fascinating insights into the consequences of years of R&D investment in a technology that was once ahead of its time.
The company’s driver monitoring systems, which are used to combat fatigue and reduce car accidents, have been sold to a range of original equipment manufacturers (OEMs) which sell products to global carmakers including BMW and General Motors.
CEO Paul McGlone says the company is at an inflection point because the amount spent on R&D as a percentage of revenue will fall from about 60 per cent to 20 to 30 per cent as revenue surges. In other words, a plunging R&D ratio will be a positive sign.
Seeing Machines, which is listed on the AIM market in London, has forecast a doubling in revenue to $US125 million by 2026.
The critical aspect of that forecast is that revenue from royalties will rise about nine-fold to as much as $US68.75 million.
McGlone says the royalties, which come from long-term contracts with OEMs, have a profit margin of about 95 per cent.
It would not be surprising if the valuation of Seeing Machines cracks $1 billion in the next two years as the market re-rates the stock on the back of higher revenue and the arrival of cashflow break even."
We know the cars on the road for the period they are reporting on 18th March as we got them with the trading update.
BMW operating system 9.0 includes SM DMS, it came into production summer 23.
It's all about the quarterly KPI's that's what shows us the progress the company is making, it was interesting over the years to speculate on models but now we have multiple programs in production so for me the KPI's are the most important metric, it doesn't matter to me what OEMs make up the quarterly numbers once it all adds up to the annual growth the company have forecasted
Pipeline of design wins is also important as that will drive the cars on the road as we enter the 2nd half of the decade.
SEYE will still have some historic models with BMW, however all new type approved are SM from operating system 8 onwards, circa July 23.
VW I would say we are in the new Golf, which is in production now and will be huge volume
Newsflash, we did invest in OMS and have a design win in production now
16 December 2021
Largest Driver and Occupant Monitoring System award with OEM #8
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has been appointed by an existing customer and global Automotive Tier-1 supplier to deliver its FOVIO Driver and Occupant Monitoring System (OMS). This contract win is with a leading German Automaker and brings the total OEMs with which Seeing Machines has won business to eight.
This program covers an expansive number of vehicle models with mass production scheduled from early 2024 and an initial lifetime value of A$125 million. While representing the largest awarded DMS program to date, there also remains significant upside potential based on OEM expansion plans. Delivery is via the Company's deeply embedded Driver Monitoring Engine (FOVIO e-DME software library) configured for both driver and occupant state sensing, enabling a rich set of regulated and premium safety and convenience features