|
Seeing Machines Ltd on Thursday noted ‘significant’ growth amid a ‘strong’ start to sales of its new ’Guardian Generation 3’ offering, with revenue to beat the market consensus but to fall below that of a year prior. The Canberra, Australia-based designer of vehicle operator monitoring systems said it expects to report revenue between $62 million and $63 million for the financial year that ended June 30, at least 6.9% ahead of market expectations of $58 million, but at least 6.8% below $67.6 million in 2024. Seeing Machines expects an adjusted loss before interest, tax, depreciation and amortisation of between $29 million and $30 million, a notch worse than the market consensus of $28.9 million, but narrowed from $38.9 million a year ago. Seeing Machines said Guardian Generation 3 is now in full production as quarterly Guardian hardware sales jumped to 2,536 units in the final quarter of financial 2025 from 1,151 in the third quarter. Newly agreed referral agreements with Mitsubishi Corp for Guardian Generation 3 are ‘progressing well with a steady pipeline of opportunities moving forward.’ Seeing Machines is trading in line with expectations, it said, noting that on-quarter sequential automotive production royalty volumes have continued to increase into the second half of financial 2025. Chief Executive Officer Paul McGlone said: ‘The significant growth in vehicles equipped with our driver motoring system/occupant monitoring system technology, alongside the strong start in Guardian Generation 3 sales, underpins our unwavering commitment to safety, innovation and customer value. Our landmark partnership with Mitsubishi, and strategic alliances in the Americas and Europe are a testament to the trust global leaders place in our technology and vision.’ The company expects to release annual results before the end of September. Seeing Machines shares were 0.5% higher at 3.12 pence each on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
