Seeing Machines Share News (SEE)

EARNINGS AND TRADING: Seeing Machines agrees new deal with Caterpillar

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Seeing Machines to miss profit targets, but signs major new deal with Caterpillar

(Sharecast News) - Seeing Machines, the AIM-listed group that designs tech to improve transport safety, has announced that profits will be lower than market expectations as it unveiled a new five-year license renewal with mining giant Caterpillar.

Shares in Seeing Machines up as production jumps 51% in third quarter

(Alliance News) - Shares in Seeing Machines Ltd motored on Tuesday after it reported a 51% increase in third quarter production and said it was on track to hit full-year targets.

Seeing Machines reports strong third quarter

(Sharecast News) - Shares in driver monitoring technology company Seeing Machines were rising on Tuesday, after it reported a strong set of performance indicators for its third quarter.

TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Seeing Machines secures extension with North American customer

(Sharecast News) - Driver monitoring technology company Seeing Machines announced a significant extension to its generational programme with an existing North American tier-one customer and original equipment manufacturer (OEM) on Wednesday.

IN BRIEF: Seeing Machines loss widens on higher costs but optimistic

Seeing Machines Ltd - Canberra, Australia-based artificial intelligence driver monitoring specialist - Pretax loss widens to USD19.8 million in the six months to December 31 from USD4.5 million a year prior. Revenue edges up 5.5% to USD25.7 million from USD24.4 million. Cost of sales however increases 70% to USD15.2 million from USD8.9 million. Expenses increase 31% to USD27.9 million from USD21.3 million. Looking ahead, Seeing Machines says it is well placed to deliver continued progress in the year ahead with a typical weighting to the second half. Chief Executive Officer Paul McGlone cites "balance sheet strength and proven technology supported by regulatory changes." The company anticipates that its financial performance for financial year 2024 will be in line with consensus. Says consensus is revenue of USD66.3 million, up 15% from USD57.8 million in financial 2023, cash loss before interest, tax, depreciation and amortisation of USD28.4 million, and a cash position of USD26.1 million, 28% lower compared to net cash of USD36.1 million at June 30, 2023.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Seeing Machines underlying revenue rises 28pc

(Sharecast News) - Driver monitoring technology company Seeing Machines reported an underlying revenue growth rate of 28% for the first half on Thursday, amounting to $25.6m, excluding one-off Magna exclusivity payments.

Seeing Machines to supply Guardian Generation 3 in UK and Europe

(Alliance News) - Seeing Machines Ltd on Wednesday said it has won an order to supply its Guardian Generation 3 technology to unnamed UK and European bus manufacturers following its launch on Tuesday.

Seeing Machines inks contracts with three vehicle manufacturers

(Sharecast News) - Driver monitoring technology specialist Seeing Machines has secured contracts with three prominent commercial and bus manufacturers in Europe and the UK, it announced on Wednesday.

Seeing Machines takes wraps off next-gen driver monitoring system

(Sharecast News) - Driver monitoring technology specialist Seeing Machines unveiled Guardian Generation 3, the newest iteration of its aftermarket driver monitoring system (DMS), on Tuesday.

Seeing Machines launches latest EU-compliant driver monitoring system

(Alliance News) - Seeing Machines Ltd on Tuesday unveiled its latest AI-powered driver monitoring system, in line with new regulations on vehicle safety.

IN BRIEF: Seeing Machines to deliver USD30 million automotive program

Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Wins automotive program award with an existing European Tier-1 customer for a new European original equipment manufacturer. Says the program will be delivered via the company's FOVIO e-DME software library. It is scheduled to start production in 2026, carrying an initial lifetime value of USD30 million.