logo-loader
viewSeeing Machines Limited

Seeing Machines well placed to capitalise on uptake of driver monitoring systems

Ken Kroeger, chief executive of Seeing Machines Limited (LON:SEE), tells Proactive London's Andrew Scott first half trading was in line with expectations as interest continues to grow in its driver monitoring systems (DMS) across all of its transport sectors.

The company's expecting to report first half revenues of A$13.5mln compared to A$14.6mln last year, in line with its revised projections following a review of its fleet business in September.

Kroeger says they've been investing significantly in the automotive arm over the last year to build further capacity and de-risk delivery on current programmes with original equipment manufacturers (OEMs), which represent projected revenues of A$138mln between 2019 and 2026.

Quick facts: Seeing Machines Limited

Price: 4.3 GBX

AIM:SEE
Market: AIM
Market Cap: £144.7 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Seeing Machines Limited named herein, including the promotion by the Company of Seeing Machines Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Seeing Machines LIVE 2019 results presentation - CEO Paul McGlone

Seeing Machines Limited (LON:SEE) CEO Paul McGlone talks through the firm's full year results to June 2019. Revenue rose 4% to A$31.9mln from A$30.7mln the year before but in the current fiscal year, the company is expecting it to rise to somewhere between A$45mln and A$50mln.

on 09/24/2019

2 min read