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They have finally admitted to having less than 2m cars on the road currently, they hit 1m in July 22 so that shows the impact of losing BMW to SM .
This article didn't age well, even Rana has jumped ship.
https://www.smarteye.se/blog/the-first-million-was-the-hardest-why-smart-eye-reaching-1000000-cars-on-the-roads-is-only-the-beginning/
It's in line with our RNS
16 October 2023
Seeing Machines and RTX begin joint development of aviation fatigue detection solution
- Follows signing of exclusive license agreement to jointly develop pioneering eye-tracking solutions for the Aviation industry
- Non-recurring Engineering revenue (NRE) of US$2.65 million payable to Seeing Machines over 2 years covering product development and certification
Seize,
I don't know your background, you may well be a FTSE 100 CEO or a top fund manager, but even if you are you aren't part of the management team of SM, if you think you can do better then set up your own DMS company.
I am just a shareholder so I either trust management to get on with their job or if I didn't trust them I would sell.
the point cfp is cb was one of the first analysts to recognise the potential of arm holdings back when the market cap was below $100m. since then its clear to see the success story for arm.
he has constantly predicted sm as the next arm.
my experience with arm was attending a talk with simon segars (ex arm ceo) around a decade ago, he talked about the years the sp being below the expectations of certain pi who then ****ged him off on bulletin boards or via email, he then explained when the sp started to rise the same shareholders told him how great he was. i guess we will see more name changes when that happens here.
For those of us who rate what Colin says above our resident derampers.
It will be interesting to note that ARM holdings market cap has more than doubled in the past week to circa $150bn.
https://www.eetimes.com/seeing-machines-might-be-the-next-arm/
For those still seeking proof of the VW win
Seems Magna have won VW for DMS. Scroll to the bottom, click on all departments, click on DMS and you will see the DMS roles, a few of them mention VW
https://magnaelectronicsromania.teamtailor.com/#jobs
This role may support both European and North American Program Managers in the TISH Product Area, though priority is being given to support of European VW MIK program.
I must admit calling me a "balloon" makes me feel a bit deflated.
#Team300
More than a million people die around the world every year as a result of car crashes, mostly due to driver error. Consequently, amid the many outlandish claims about the world-changing capacity of artificial intelligence, its deployment by the Aim-listed Seeing Machines to slash the number of fatal road accidents is compelling — not least as its technology is already in situ in more than a million vehicles.
Launched in 2000 as a spin-off from the Australian National University, and initially backed by Volvo, Canberra-based Seeing Machines makes monitoring systems that alert drivers to their tiredness or fading attention. It uses AI along with data amassed by monitoring drivers’ behaviour and eye movements over two decades and eight billion kilometres of real driving. Its “driver monitoring system” then triggers an alarm — a vibrating seat — or sends a message to a fleet manager of a commercial vehicle if it spots a dozy driver. Seeing Machines’ technology is already fitted in tens of thousands of heavy commercial vehicles and more than a million cars; customers include Transport for London’s buses, Ford, Mercedes Benz and General Motors.
Rule changes mean that momentum is with this business: a camera-based driver monitoring system will be a prerequisite for a five-star rating in the new European car safety regulations, Euro NCAP, from 2026. And later this year, a driver monitoring system becomes mandatory in all new vehicles sold in the EU.
This stock has, for some time, been one of those repeatedly tipped for glory yet never quite making it: the shares are currently trading at about 5.3p, down by nearly a quarter in the past 12 months, and Seeing Machines’ market capitalisation is still just £220 million. It is also still loss-making: having spent $35 million (£27.5 million) on research and development last year, it posted a $15.5 million loss — albeit better than 2022’s $18.5 million loss.
The balance sheet is strong, though, with $36 million of cash, and the firm is set to break even next year, when higher-margin royalties are poised to rise for every car manufactured with Seeing Machines’ system embedded. Its relative longevity is notable, too: realms of tiddlers have disappeared since it listed on the junior market in 2005, and it has maintained growth. Revenues rose by 48 per cent to $57.8 million for the year to last July, with the firm increasing the installation of its “Guardian” technology in commercial vehicles, as well as growing in aviation, where Seeing Machines’ technology is keeping check on pilots’ alertness levels.
The company predicts that revenues will exceed $125 million by 2026, and the City has shown renewed interest. Investment bank Stifel names Seeing Machines as one of its top stock picks of the year, with analyst Peter McNally naming a hefty 15p target price and flagging the shares as currently “attractively valued”.
Seeing Machines is a market leader
CFP, fine for you to post your opinions about the company and its progress.
However, one of our longterm term holders and a friend to many of us passed away a few years ago and was actually mentioned in a very respectful way by Paul at the London Townhall, perhaps you can consider that when you next post.
I like the RNS, shows good sales progress pre launch. I don't think it's a small win either. We need to remember the 54k is the lifetime sales of Guardian over many years
- 3k per annum, so if a 6-7 model lifecycle its more like 20k
- 3k is 5 5% of the lifetime sales of Gen 1 + Gen 2 that's material
- we have a stated aim of getting 10% of this new market, so pre launch we have 10% of that 10%, impressive
- Guardian growth this year is forecast at 25%, circa 13k units. So again 3k of Gen3 is material.
Yes we would not tender for a OEM built in product
However, Gen 3 is aimed at "after manufacture" but before sold to the customer, its not an option, GSR mandates DMS from July 24. So for a truck manufacturer to sell their truck it must have DMS, so it gets added in the factory before sale
64 entries on the Telegram group, still plenty of enthusiasm
In the spirit of goodwill to all.
The Telegram comp is open until 6pm today, I will take any entries received by that time.
1) SP end Jan 2024
2) SP end Dec 2024
No spikes just sp at those dates, or if you think a takeover before end 24 that's your Dec price
As we are in the last few days of 2023 I would like to wish you all firstly a healthy and then a successful 2024.
In my opinion 2024 will be the year we get our long awaited returns from our SM investments, many of us have been here over a decade.
Many stars are aligning for us in 2024 and it will finally be the year of the SEE
I have always been in the camp that Fleet will be the largest contributing sector, so the launch of Gen3 is hugely important. I remember the Gen2 launch back in 2018 and I certainly don't want to be waiting for Gen4 in another 5 or 6 years. Gen3 combined with the GSR should be a major catalyst
$1bn orderbook of auto wins is another important milestone that will happen in 2024.
As I have often said this ends in a takeover, it does for me anyway as I will never sell whether we are 6p or 66p, my view is that takeover will happen in 2024.
Sandy, nice to read another one of your humorous posts.
I wish you a healthy and wealthy 2024
Maps, I would agree with others a great blog, young Mr Safestocks is defies getting better at this writing game.
My favourite quote from Peel Hunt is below
Then he went on to caution investors. “It is vital for investors to be aware of the differences between the numbers thrown around by different companies in the DMS market. For example, it would be easy to be distracted by the SEK 1.55bn (US$150m) figure quoted in Smart Eye’s most recent win (which we believe to be General Motors). However, we are unclear how this figure has been calculated as Smart Eye does not disclose its method for calculating the value of these contacts. In addition, this contract was as a tier 1 supplier to the OEM. Given it currently acts as a tier 2 supplier to this OEM, its CEO stated volume as a tier 1 supplier is only likely to ramp in 2029, into the 2030s (not from 2027 as mentioned in the RNS) and thus has no impact on cash generation in the short to medium term.”
Agreed Maps, he has delivered as promised
The OEM?
SEYE won JLR in 2017 and its still in their numbers on design wins (technically it was a design win but will never get a car on the road), maybe they have decided they want to get to SOP.
It's not a small win BTW.
It's our 3rd largest design win
1) A$125m Magna/VW
2) A$50m Ford
3) A$44m - todays $30m win