Member Info for Seeing-2020

That's just the test car they use, have done for years, I assume because its an EV.

Just to be clear on "expectations"

For Auto, Paul has stated we need ~ 20% growth a QTR to hit the required number at the end Dec qtr, so 488k * 1.2 = 585k

So that should be the expectation 585k or cumulative 4.3m

As far Fleet, the "expectation" is 6k-6.5k for the end Dec qtr, I would say any growth on the 2.5k from June qtr is fine

JLR is not a SM customer, so no impact from their "disruption"

SM are on record that we are in production with the top 3 in Europe, VW, Stellantis and Renault.

Also on record for 2m cars a qtr next year

Great post by industry titan Chris Menon, people on here like to mock but I'm guessing they don't have access to Stifel.

www.safestocks.co.uk

Stifel seem bullish on the ASP

In a flash note issued today, Stifel analyst Peter McNally wrote:

“The significance to us is that production is happening on time. As we heard at the Townhall event earlier this year, Seeing Machines was expecting the start of production of a number of programmes this year with one significant one over the summer (which we believe happened on time) and a second larger one later in the year. So, the announcement is good news that it is starting toward the early part of calendar Q4.

“We also note that this is for both DMS and OMS which typically indicates better ASP than DMS alone. We see this as a positive development as the company approaches its target of run-rate cash flow break-even by the end of the year."

100% this is VW, as stated by others below.

- This will have a material impact on "cars on the road"

- Whatever the ASP it will have an impact on profitability as the SM costs have been incurred already.

- So we will have "several million units per annum" times $x ASP of extra profit and cash.

The entries to the Q1 comp.

Final version

Cumlative cars on the road as at 30th Sept 2025, Q1 2026.

Qtr ending 30th June 2025 total was 3,730,201 with 488,294 in the quarter and increase of 36% from the prior qtr.

4,200,000 Robert

4,240,000 Hellaaa

4,278,111 Robcio

4,285,000 Sean

4,300,000 Ross C

4,301,234 David

4,310,000 Jimmy Rodrigues

4,312,241 Baz

4,316,154 Paul McGlone

4,320,001 Tim 

4,325,645 Gary 

4,325,919 James H

4,327,000 Michael Timoteo

4,333,333 Colin B

4,339,020 Lew

4 340,568 Pete

4,342,000 Ma

4,344,444 PM44

4,345,621 Chris Menon

4,349,494 Faz

4,355,201 Numptypi

4,365,201 Raindancer

4 369,000 Hyms

4,375,414 GH

4,380,000 Joe

4 385,000 Hyperion

4,390,000 David C

4,395,000 Miles Jersey

4,399,164 Joe91

4,400,100 Lewis

4,400,201 Abid

4,410,358 Shallweb

4,420,000 Mike E

4,423,578 MBP

4,432,123 Tim

4,433,000 Copper

4,440,000 Self

4,444,444 Hurlyburly

4,455,667 Simon M

4,466,000 Ben

4,450,000 Warren 

4,460,000 Bernie

4,462,642 MJ

4,472,400 Ernesto

4,485,000 Stephen

4,492,000 TLS

4,495,000 Zequic

4,500,000 Guy J

4,511,300 Doug C

4,513,333 Seeing 2020 

4,520,000 Alistair Smith

4,534,000 Klick  

4,554,321 Cella

4,610,000 Mike T

4,646,000 Baron 

4,665,000 Ed

4,696,969 David Isaacs

4,700,000 Lee P 

4,700,045 Aztec

4,738,157 Graham

4,750,000 Richard

4,750,000 Seepee 

4,757,000 Keith

4,750,000 John R

4,850,000 Cricket

4,863,725 John Chucka 

4,950,000 Mark

5,008,888 Andy 888

5,052,000 Mark T

5,100,000 TH

5,123,456 Eliko

5,250,888 Jona

5,437,000 L Gee

5,525,000 Jack

6,000,000 UUWG

The key initial metric for Gen3 is 6k units of hardware sales in the qtr ending 31st Dec 25.

Today's RNS guarantees at least 10% (600 units) of that target, which is key to breakeven.

Another RNS

Seeing Machines Limited ("Seeing Machines" or the "Company")

30 October 2025

Seeing Machines announces major order for 1,300 Guardian units with Latin American distribution partner

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has announced a contract renewal and large-scale order for its Guardian technology with its long-standing Latin American distribution partner, HORUX Latam, based in Chile.

A renewed Agreement has been executed between Seeing Machines and HORUX Latam, continuing HORUX Latam's position as exclusive distribution partner for Guardian sales in Chile for an initial term of seven years, with an option to extend for a further three years. This strengthened partnership underscores the ongoing commitment of both companies to advance transport safety in the region.

As part of the Agreement, HORUX Latam has ordered a minimum of 1,300 Guardian units for delivery in FY2026. The initial shipment of 600 units is expected to be fulfilled in October 2025, marking the commencement of a major deployment to support growing demand in the market.

In addition to Chile, HORUX Latam is actively expanding their operations throughout Latin America, aiming to broaden the reach of Seeing Machines' Guardian technology and deliver enhanced safety and monitoring solutions to a wider range of customers across the continent.

Pablo Pla, Chairman of HORUX Latam, commented: "We are delighted to be renewing our Agreement with Seeing Machines ahead of the HORUX Latam official launch of Guardian Generation 3 across Chile and Latin America in November. With over 5,700 connections across our region, we remain committed to increasing installations of Guardian and joining with Seeing Machines on their mission of getting more people home safely."

Paul McGlone, CEO of Seeing Machines, added: "I'm very pleased to be extending our long-standing partnership with HORUX Latam, which marked the first significant expansion for Seeing Machines outside of Australia, many years ago. Together, we are genuinely improving road safety, and I am delighted to work with the team at HORUX Latam as we expand the Guardian business globally."

"Leading Japanese OEM"

Well done long-term holders

Trucking Mag article

https://www.safestocks.co.uk/

There are some lessons to be learnt here

1) OEM's

- This is a safety critical system, probably not the place to save a $, if it looks too cheap then it probably is. Buy cheap, buy twice.

2) New Entrants

- Interior sensing in moving vehicles is really difficult, human factors expertise is vital. Evan if you think you have experience of "eye tracking". You can of course try to buy success, maybe even novate a contract with a "premium German OEM", but that still doesn't guarantee success.

3) To Investors

- Beware of the b/s, beware of the company over celebrating a win that they didn't even win themselves (see point 2 above)

Paul Mc, CMD 2022

I assume our Swedish fanboy might have a day off today.

Always beware of the company making far too much noise about one win.

Don't get Fedex waiting, the holidays are coming

Isb, I nearly liked that myself.

Think of the upside to come as we aren't at 100p yet.

It will Bezos amazing

How to sum up ISB

1) The Q&A have been posted

2) We finished blue.

Apart from that he is a genius, an Amazon full of knowledge

Isb, the RNS clearly states its US not London.

"The contract, valued at approximately US$1.8m, supports this customers' continued expansion of its test fleet across additional sites and locations in the US as the autonomous ride-hailing industry continues to grow."

UserSteve, no your understanding is not correct. What John is referring to is for example, when we make a promise in an RFI, we then win a design win and deliver on the original promise and get to start of production.

As for his comments on when we joined "almost straight from Uni" i wouldn't pick holes in his description of what was a start up over 20 years ago, he clearly rates the company and its tech as he has stayed for over 20 years and is now the CTO.

S2030, I purposely only mentioned automotive in the mandated comment as market share in Fleet DMS has never been mentioned by the company

"Seeing Machines automotive product is mandated in Europe in July 2026"

Why that's important, is there is no ceiling to the growth in automotive, SM provide software and work with the Tier one to embed into the OEM production cycle. This is why the company can state a 10x increase in "cars on the road" in the lead up to said "mandated" date.

Bogyo, we will have to agree to disagree that "consumer demand" trumps mandated, especially when the end "consumer" may not even know which model has DMS or hasn't.

Listen to the "expert panel" section of the townhall, Richard Schram from Euroncap speaks about the impact of regulation, he uses the example of rear seat belts, he explains that pre regulations it was close to zero uptake then it "went to 100% overnight".

Give me product thats mandated every day of the week.