Member Info for Seeing-2020

https://www.linkedin.com/posts/amnon-shashua_273-mobileye-ceo-amnon-shashua-on-changing-activity-7032339957444677632-8PYF?utm_source=share&utm_medium=member_desktop

Shout if I have missed anyone

Last entries or amendments by 8pm tonight (Friday 17th)

Close of play Friday 31st March SP.

Hyperion 6.2p
Urban Space 7.15p
Chris H 7.25p
Nick D 7.6p 
Livingstone 7.7p
Baxter 7.8p
Carl J 7.9p
Tim 7.95p
Shallwe 7.98p
Kyle M 8p
Mat M74 = 8p
Stephen 8.1p
Ross C 8.15p
Matt 8.16p
Ian 8.2p
Ernesto 8.25p
Hella 8.30p
Glandore 8.3p
Mark T 8.38p
Brian C 8.39p 
Phil T 8.42p
Gav 8.5p
Gary 8.52p
Colin B 8.57p
Td5ser 8.6p
Joe91 = 8.69p
Eliko 8.73p
John Raeburn 8.75p
Keith M 8.75p
Johnny19 = 8.85p
Ben 8.87p
Andy M 8.88p
Zap 9p
Zequic 9.01p
Bauchsapt 9.02p
NikNak 9.11p
James H 9.22p
Temper 9.3p
Graham 9.4p
Faz 9.5p
Paul Gold 9.6p
Soulboy 9.6p
Robert 9.7p
Self-titled 9.75p
Boonboon 9.8p
Jonathan T 10p
Joe 10.1p
Tom. 10.4p
Terrym 10.5p
Lewis 10.6p
Seepee 10.71p
MajorEM 11p
Phil free 11.6p
Boydolin 11.7p
OldFool 11.8p
Klick 11.9p
NathanR999 = 12p
Sean Teapot 12p
Warren 12.3p
Prudence Scrimper 12.5p
Paul Pingles 12.9p
Wilson 13.1p
Jimm 13.4p
Baz 13.5p
Imran 14p
RogerJolly 15.1p
Alex 15.7p
PM44 = 16p
SEEuJIMMY 18p
Shareguard 18p
Baron 19p
Mark 19.8p
David I 20p
Derek 21p
Cella 22p
dthurgar 24.5p
Ian Randell 29p
Seeing-2020 = 33p
Tony G 35p
UDWG 100p
Nat 250p
Aspers 280p

The deal with SM is non-exclusive, we knew that from the SM RNS.

In my view SM would have only dealt with Mobileye if it was non-exclusive, I see no scenario where we would want to be tied to an exclusive deal with Mobileye.

It's a good interview, straight away Mr Mobileye says "leading DMS supplier"

The more interesting bit was when he tried to make a case for developing their own system, which was all about control, I totally understand they would want control but that's a make or buy decision, as PM explained at townhall its not just a case of throwing cash at developing your own system one needs the data and we are the ONLY DMS supplier with the necessary data due to our focus on real-time data from mining and fleet over 20 years.

My conclusion, Mobileye/Intel are a serious contender to buy SM, one thing for sure they can't buy Cipia or anyone else as that would be buying a "non leading supplier"

Soul, my preference would be the $17.5m is accounted for in one go, like CAT, it would have much more immediate impact. It then also means we need something similar every year which is no bad thing.

However, that's not what Brock believes will happen he is quoting the RNS and assuming the revenue is accounted for in line with the cash flowing.

Hence I said he was disagreeing with himself

Brock, I am afraid you are arguing with yourself now.

Earlier you said the revenue is recognised as $10m in year one and then $7.5m over 2 years, now you are saying the 6 months to Dec 31st 22 will be "the only ones that contain the Magna license". I am confused

Actually for CAT the cash was received over 4 years, but the $17.5m was recognised as revenue at 100% margin in Sept 2015.

CAT RNS Sept 2015.

"Caterpillar will pay Seeing Machines US$17.5M over four years as well as royalty fees for DSS hardware, software licensing, monitoring and analytics services. Caterpillar will also purchase existing inventory of DSS units from Seeing Machines. Current DSS customer agreements will be transitioned to Caterpillar and supported by Caterpillar dealers. Additional consulting services, system monitoring and data analysis will be offered by Caterpillar Safety Services."

Brock,

I have read thanks,

You are quoting how the cash will flow, ie $10m in year 1. I am talking about how the revenue is recognised in the accounts, they are not the same thing.

For example, the CAT deal also $17.5m was recognised as revenue all on day one, but the cash flowed over 3 years.

Brock,

I wouldn't say 'flattered'.

Paul was very clear at the townhall that the $17.5m license deal was the only license deal for auto, so the results are enhanced due too the team closing the only license deal closed by a DMS company, it wasn't luck it was positive management action.

As for the amount recognised as revenue in H1, seems 3 potential outcomes
-1) The full $17.5m, same as the CAT deal was accounted for
2) Follow the cash, so $10m in H1
3) Spread of 3 years, so $17.5 / 3 in FY23 = $5.8m, so a proportion of that in H1

Cenkos go with option 3, I can only assume they have spoken with the company
"The deal with Magna pays US$17.5m over three years for exclusivity including $10m for the first
year. We therefore model the recognition of this proportionally from the start of the deal over
three years"

Soul,

Yes the financial calendar has 2 upcoming dates
- 22nd Feb Trading Update
- 6th March Half Year Results

Trading update last year was 23rd Feb, however the H1 results is much earlier (last year 30th March) clearly timed so they can talk about the results with the NYC investors

Latest combined Telegram & LSE

Close of play Friday 31st March SP.

Hyperion 6.2p
Urban Space 7.15p
Chris H 7.25p
Boonboon 7.5p
Livingstone 7.7p
Baxter 7.8p
Carl J 7.9p
Mat M74 = 8p
Stephen 8.1p
Ross C 8.15p
Ernesto 8.25p
Hella 8.30p
Mark T 8.38p
Phil T 8.42p
Gav 8.5p
Td5ser 8.6p
Joe91 = 8.69p
Eliko 8.73p
John Raeburn 8.75p
Johnny19 = 8.85p
Ben 8.87p
Andy M 8.88p
Zap 9p
Zequic 9.01p
NikNak 9.11p
Graham 9.4p
Paul Gold 9.6p
Soulboy 9.6p
Robert 9.7p
Self-titled 9.75p
Joe 10.1p
Tom. 10.4p
Terrym 10.5p
Lewis 10.6p
Seepee 10.71p
MajorEM 11p
Boydolin 11.7p
NathanR999 = 12p
Sean Teapot 12p
Warren 12.3p
Seeing2022 = 12.3p
Wilson 13.1p
Jimm 13.4p
Imran 14p
Alex 15.7p
PM44 = 16p
SEEuJIMMY 18p
Baron 19p
Mark 19.8p
David I 20p
Seeing2020 = 20.20p
Cella 22p
Nat 25p
Tony G 25p
Ian Randell 29p
UDWG 100p
Aspers 280p

Numptypi, I can do the admin.

I will combine the Telegram & LSE entries as i assume only one shirt, pic on Telegram (looks great)

20.20p

Numptypi, so the competition is SP close of business Friday 31st March?

Linkedin shows 411 employees, won't be exact but its a good indication

It seems my ‘Clash of the Titans’ prediction is slowly (oh, so slowly) coming to pass.

However, unlike a boxing contest, the battle to acquire Seeing Machines won’t be a 2-person contest with Marquis of Queensbury rules. It’s set to be a bare-knuckle bout involving strategy and multiple bidders, more akin to a contest in an episode of Alice in Borderland. As I see it, there are at least 4 main contenders:

Intel (majority holder in Mobileye).
AMD (owner of Xilinx)
Qualcomm
Nvidia – the dark horse?
However, lurking in the shadows are many more players who must covet the technology that Seeing Machines possesses. Some are subsidiaries of Chinese companies, such as Omnivision, but I doubt that Australia (one of the Five Eyes intelligence alliance) would allow a Chinese company to acquire such sensitive technology which could have military applications. Do the remainder have the financial muscle and nerve to outbid the above chip companies? That remains to be seen.

Once the contest really gets going, I expect one of the three ‘A’s; Apple, Alphabet and Amazon to show their hand. They have the nerve, nous and financial strength to not only outbid the above chip companies but take Seeing Machines technology to the consumer market in a huge way.

I believe that this year is finally going to be fun for holders of Seeing Machines shares. Let the contest commence.

https://www.safestocks.co.uk/2023/02/08/take-your-seat-for-the-clash-of-the-titans/

Fleet we own the data, so its key to develop the automotive offering.

I always had the view Fleet is the most valuable part of the business long-term and I never expected a deal with Mobileye, now that we have CB talking in millions of units a year for Fleet it could be multiples of the auto business in value

Aviation is the most likely to be "sold" but that would be a CAT still license deal with cash upfront and then a royalty model.

Mobileye have several million fleet units connected, its far from tiny

Very interesting take from CB

https://www.linkedin.com/posts/colin-barnden-1081376_seeing-machines-partners-with-mobileye-to-activity-7028364668779802624-d35d?utm_source=share&utm_medium=member_desktop

Magna was already thinking of marrying Seeing Machines DMS with Mobileye ADAS vision in that patent, so that raises three exciting questions.

1. Is Magna the sub-contract manufacturer for Seeing Machines Guardian Gen3?
2. Is Guardian Gen3 going to be a mirror-based solution?
3. Or is Guardian Gen4 going to be a combined Seeing Machines/Mobileye mirror solution?

The answer to at least one of these questions is likely to be known on March 8.