Member Info for Seeing-2020

Ncap is good, but an OEM can make a financial decision to reach 4 stars not 5.

This is very different, it's a mandate, can't get type approval without it, so can't sell the vehicle.

So we are one of a small few in an industry that's just had its tech mandated. I personally think our market share will be well north of 50%, but even the most prudent view gets to exciting numbers.

M and N covers pretty much everything, cars, vans, buses, trucks from July 7th 24.

Gen3 should be perfectly timed

https://alternative-fuels-observatory.ec.europa.eu/general-information/vehicle-types

This is the confirmation of GSR, bigger news than any design win.

Thats not SM tech

The Neue Klasse will start out in the high-volume core of the BMW brand with a sports activity vehicle and a saloon in today’s BMW 3 Series segment. In total, production of at least six Neue Klasse models will begin across the worldwide production network of the BMW Group in the first 24 months.

https://b.mw/E2eUfj

The vehicles of the Neue Klasse are characterised by a newly designed user experience: The vehicle becomes a digital experience space. This is facilitated by the new BMW iDrive, which enables intuitive interaction between the driver and the vehicle. At the heart of this concept is the BMW Panoramic Vision. It enables information to be displayed across the entire width of the windscreen. Complemented by the new BMW 3D Head-Up Display, information such as assisted driving or traffic guidance can be projected three-dimensionally into the driver's visual axis. In combination with the newly designed multifunction steering wheel and the Central Display as well as the tried-and-tested voice control with the BMW Intelligent Personal Assistant, driving is more intuitive and at the same time more individual than ever before

I am honestly shocked how much Martin mentions BMW

20 mins in when answering a question about the auto ramp up, he uses BMW as example 🙈

- we were in 12 models at the highest

- X5 was first around 170k units

- real ramp up came with 3 Series

- but it was optional then and take up was around 30%

- NOW ITS STANDARD

He is like some kind of mole for SM, pretending to be a rival but promoting SM, he has even started say "imminently"

Https://www.redeye.se/video/event-presentation/957754/smart-eye-ceo-martin-krantz-cfo-mats-benjaminsson-presents-the-companys-q3-report-2023?utm_source=video&utm_medium=email

New CFO won't last long he tells the truth , 12 mins in, "we have less production from our first design win, BMW"

But at least you don't moan about that

Brock,

You have already told us you have sold up, can't see your 200k shares having much impact either way.

We get it you aren't impressed and have sold.

The directors and II take a different view

KPIs continue to show growth and the softer qtr is explained by the seasonality of the auto industry, its in line with the sane quarter last year. I expect the next few quarters will be big for auto and Fleet.

I like the new design win, Fovio and European suggests Stellantis to me and $15m (A$23m) is a nice extension. The words from Paul tell us where this heading

"Paul McGlone, CEO of Seeing Machines, said: "We welcome our 16th Automotive program award with our existing Tier 1 and OEM customers. This expanded business opportunity extends our incumbency with this particular OEM, giving us increased confidence for extensions across more vehicle lines within their portfolio. As a leading supplier of mission critical transport safety systems, being trusted is of paramount importance and while this individual award is reasonably modest in size, it further validates our proven technology and I am confident we will see more business from this OEM customer"

I have done a very simple spreadsheet to show auto numbers to June 26.

Note:

- no optimism in this

- I just used the 23% qtr on qtr growth rate Martin Ive mentioned in recent press.

I have posted a summary on Telegram

some headlines:

1) 2m cars on the road, will be hit during Q3 FY24 so Jan-March 2024, a few months time.

2) 5m cars on road, will be hit during Q3 FY25 so Jan-March 2025.

3) First quarter with 1m cars will be in FY25, most likely Q4.

4) 10m cars on the road will be achieved in H2 FY26.

If I rolled the model forward one more year we get to 30m cars on the road in FY27.

No wonder the chap with the abacus is loading up

I predict BMW will win back the company car market from Tesla.

Tax rules have made EV a popular company car choice, my employer has just changed from a scheme which had Tesla as the only EV option to a fully EV scheme which excludes Tesla, why? They found the Tesla after sales service So poor if anything went wrong with the vehicles.

I expect I4 and the electric 5 series will be big sellers for company cars

Oldfool, did you get out the wrong side of the bed and bang your head?

Hilarious you are calling people put for not being positive

Next we will have Glandore remembering Magna invested £10m at 11p pre the mirror deal and shortwick celebrating the end of the car workers strike.

Https://primemovermag.com.au/weapons-of-mass-distraction/

Paul McGlone, Seeing Machines CEO, says being able to take a deep dive into driver behaviour and what influences it offers priceless data.

“This report demonstrates how, with our proven Guardian technology, we continue to work towards our vision of zero road fatalities, by shedding light on the insights and performance data that influence driver and fleet behaviour,” he says.

Or they could say "we didn't trust the previous version so we moved to Seeing Machines"

Terry, this is why getting to SoP is so important, this is why Martin K still talks about BMW (when talking about the 1m cars SEYE have on the road).

"Growth is expected to get a further boost in the fourth quarter from the BMW Group’s diverse and attractive product line-up, including the all-new 7 Series models, the BMW 5 Series and the BMW X1, which is particularly popular in Europe."

Its very material volume for us, I expect the KPI's in calendar year 24 will be very interesting.

Great Post by SeeingTom.

Good to see him put his hand in his pocket again. 7m shares in less than 12 months as CFO, very significant

I listened to the pres again this morning, I really like the cut of Martins jib, no bs no AIM dreaming, a no nonsense CFO who has brought a focus on cash, exactly what we as shareholders should want

Cash Profit:.

- It's the right measure, many AIM companies focus on profit or even worse adjusted EBITDA, which contains 'accounting judgement'. Cashflow positive is the right measure, Cash is cash, cash is Reality.

- he explains the cash position very well. $31m at end Sept, we have a further unwind of the working capital and reduced cash burn into the end of FY24. Martin predicts $15-20m cash at June 24.

- then cash flow positive runrate in H1 of FY25, so 12 months from now.

- answers the cash question very well, no fundraise, no structured debt, if we do need any cash it will be via a "receivables" upfront payment from a blue chip client. So no worries on cash.

Imo a very solid CFO who plays a straight bat, exactly what we need.

Well, you do like to drone on, so are well placed to "help the drone"