RE: I sometimes womder19 Sep 2018 21:39
S7
So many fishy things going on sometimes I actually think i own loads of shares in an aquarium sometimes!!! Not a top tech Co. Price suppression at its best. Good news played down, Bad news played up, just aint the way it should be!!
After reading the RNS this morning i thought i wish one of my companies had such good figures. Still spent $100,000,000 on R&D aswell.
Seeing Machines has also invested more than A$100 million in R&D and the development of Intellectual Property (IP) over this time, building a strong IP portfolio of over 20 registered patents and 30 trademarks, with many more in progress. As a result the Group's software solution has been validated as industry leading, as demonstrated by the number of automotive OEM and Tier 1 supplier agreements recently signed.
1.2 Billion shares owned by institutions and mutual funds and the price still drops?
Five program awards now under contract with global OEMs to be delivered through multiple Tier 1 automotive suppliers.
Revenue up 117% to A$30.7 million (2017: A$14.2 million)
Fleet revenue up 89% to A$17 million (2017: A$9 million)
Automotive revenue increased five-fold to A$8 million (2017: A$1.6 million)
Total cumulative contracted Fleet (Guardian) revenue of A$82 million as at 30 June 2018. A$50 million revenue yet to be recognised over a three-year period
To date, the Group's total projected revenue for the Automotive business to be recognised from 2019 to 2026 is in the range of A$138 million (US$100 million) based on contracted minimum lifetime OEM volumes.
Cash at 30 June 2018 of A$42.8 million gross (A$18.0 million at 31 December 2017.
Office In Japan etc etc etc Who for i wonder? Seeing if your listening we are waiting for the RNSs to start flowing...