Member Info for Seeing-2020

Colin in conversation with Colin.

Ok, lets write the headline to the "Big Magna Announcement" article. Oh and remember, there is no Bid, no one would want to buy the company with a huge tech lead, who would want to be in an industry with mandated tech that's just boring, deep breaths, no Bid, there is no Bid, no one will Bid, never ever a Bid. Oh sh$t.

Hilarious typo from CB

Headline = Get ready for a bid announcement next month

"Magna’s driver and occupant monitoring mirror, developed in partnership with Seeing Machines, is set for a big announcement next month. Having made its debut in the VW Tiguan L Pro in China last year, it has since been seen in various Volkswagen and Cupra models for sale in Europe, and most recently the refreshed Audi Q3."

4theLT, I totally agree.

Those of us who have stayed the long road will be rewarded.

I like that they are giving some really transparent data points, its not about hoping or opinions anymore.

Really, who are the "many" founders who still work for the company?

The decision maker on whether Magna "convert" the loan to shares is Magna not SM. Of course Martin needs a backup plan but my opinion remains that Magna will decide to convert.

From the Magna RNS

Magna may elect to convert the principal and at Seeing Machines' election, interest outstanding under the Convertible Note at any time during its term, up to a maximum of 349,650,350 shares which, when added to Magna's existing shareholding in the Company, will represent approximately 9.9% of the fully diluted share capital of the Company

This guy will be recognised as a legend soon enough.

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

Brockwl, if you "dont know what the regulations stipulate" maybe you should let people know that when you post.

What you are suggesting would be illegal by the bus manufacturer.

Some research before posting might be a good idea.

So the facts are, the manufacturer MUST install DMS, so the operator when purchasing the bus has paid for the DMS. So less than 0% risk of the problem your attempted to suggest.

The bus manufacturer needs to have DMS installed to be legally about to sell the bus.

Are you suggesting a bus operator would then remove the DMS and replace it with an alternative?

Gosh that's another from the list

- A Gen3 win from the ~20 trials, assumption being "material" win would be announced.

For sale, one village idiot hat, one careful owner, free to the right home. I can think of a few worthy recipients

It's like buses.....

I blame Mike Smith Senior

I was very impressed by Paul today, no bs no avoiding questions.

A few highlights for me:

Breakeven, more clarity, a clear update on progress and reiterated the Dec expectations.

RFQ, he could of dodged the question but he didn't. Once again he said what he "thinks" will happen but he doesn't control that process.

Tobii, again he took the question on the chin and answered it honestly. It's not a surprise to them, its part of their forecast.

As we enter what I believe is a key time for the business that imo will end with a takeover I trust he will do the best for shareholders. We are lucky to have him and Martin leading our business

Another one of the list today, which will please the doom merchants trying to scare people with stories of delays

"Outlook statement to include confirmation of "cashflow breakeven" by end Dec 2025"

And what the CEO (with his head still attached) said today

"We are on track to reach cashflow break-even run rate at the end of this calendar year and are firmly focused on being cashflow positive in the second half of FY2026 and beyond. Our strategic priorities continue to centre on sustainable growth and advancing safety technology innovation to get more people home safely."

Below i copy and paste my prediction.

Apology accepted.

What a time to be invested in Seeing Machines, we are about to enter everyones most exciting time of the year #SpectacularSeptember, its still unclear if we will drive into Sept on the back of some news in the next few days or if the newsflow will flow from next week.

What news do people think will land??? I will start us off but feel free to add your suggestions.

- A contract win from the recently announced Gen3 trial with a mitsu company.

Happy Sept to you all when it comes.

#SpectacularSeptember #RocketEmoji

The most recent update from the business told us we are on track for cashflow breakeven by 31st Dec 2025 (ie in the next 3 months)

They have been very clear what needed to happen, to deliver the required $1m per month improvement in 3 areas

1) Costs - done, savings made and now flowing through accounts = $1m closer to breakeven

2) Auto - they stated in Apr we need 700-750k units by the "Dec qtr", so we need circa 20% growth per qtr to get to that range, June qtr was 36% growth, prior qtr 34%. So I am comfortable with the required 20%.

3) Gen3 - we need to sell the circa 6k production capacity for the $1m improvement, again signs are that's doable, I would like some proof points on that which hopefully come this week.

So overall, costs done, auto and fleet combined I am ok with, I think auto may well overacheive, lets see.

No need for panic, false or otherwise.

Personally I am very relaxed about auto and look forward to the KPis continuing to show growth.

- we are in production with top 3 in Europe

- GSR is from July 26, so production will happen many months before

- Ramp up production with VW this calender year

My choice from the list below was closing the Gen3 deal with the Mitsu company and its still the news I would like to see in Sept

The original list is below for reference, drunk driving detection wasn't on the list but looks like it will be significant in terms of future value of the business, which is what I am interested in.

What news do people think will land?

- A contract win from the recently announced Gen3 trial with a Mitsu company.

- A Gen3 win from the ~20 trials, assumption being "material" win would be announced.

- A Gen3 win from a large logistics company, the "name" of said company being important

- Announcement of a certified aero product from Collins, coupled with an order for around 333 planes?

- A design win for auto.

- Update on the 'business case' for alternative use cases

- Final Results for Y/E June 2025

- Outlook statement to include confirmation of "cashflow breakeven" by end Dec 2025

- Clarity of ongoing relationship with Magna

- A takeover bid

- None of any significance.

Happy Sept to you all.

#SpectacularSeptember #RocketEmoji SeptSurprise

Https://lnkd.in/p/eBTvJ-W6

As shareholders we should judge the progress of the SM auto business by the 'cars on the road' KPI.

June 25 we had 3.7m, whilst others don't publish qtrly data we know that we could add SEYE, Cipia and Tobii and it wouldn't get to 3.7m.

There was a day when individual car models was exciting, personally I think we are past that stage now.

I will judge the success by whether the quarterly numbers are growing as expected.

Some facts

1) design wins

There haven't been any of note. SEYE small $5m win, Cipia zero, Tobii zero.

2) SoP

If we want to talk about SoP, SM have 3 this year. The VW "ramp up" must be the largest value SoP this year

3) BMW

A model life cycle is 6-7 years, we are a couple of years into SoP so worst case we have circa 5 years left of BMW volumes. Most likely they have a dual source strategy.