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Seeing Machines Limited OrdNPV (SEE)

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17-Mar-2020 08:02 AM

Seeing Machines withdraws revenue guidance; eyes cost cuts

Computer vision technology company Seeing Machines said it was withdrawing its current revenue guidance due to the spreading coronavirus. The company also said it was implementing contingency plans and cost containment initiatives designed to maximise it
23-Sep-2019 09:12 AM

Seeing Machines losses deepen on higher R&D spend

Driving monitoring technology provider Seeing Machines booked a deeper annual loss after it ramped up R&D spending. Pre-tax losses for the year through June amounted to A$41.7m (£22.7m), compared to losses of A$36.0m on-year. Revenue rose 4% to A$
28-Mar-2019 12:20 PM

Broker Forecast - Panmure Gordon issues a broker note on Seeing Machines Ltd

Panmure Gordon today downgrades its investment rating on Seeing Machines Ltd (LON:SEE) to hold (from buy) and cut its price target to 3p (from 28p). Story provided by Broker Forecasts data provided by
20-Mar-2019 01:18 PM

Seeing Machines losses deepen; to raise £34.3m from share issue

Computer vision technology company Seeing Machines posted a deeper first-half loss and said it would raise £34.3m from a share issue. New shares in the company were offered at 3p each. Pre-tax losses for the six months through December amounted to
16-Jan-2019 01:42 PM

Seeing Machines expects revenue to fall 7.5% in first half

Australia-based and dual-listed computer vision technology company Seeing Machines said it expected to report a 7.5% fall in first-half revenue, in line with its recently cut guidance. Revenue for the six months through December would fall to A$13.5m fol
13-Dec-2018 09:38 AM

Seeing Machines appoints new non-exec director

Seeing Machines, the computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has appointed Kate Hill as an independent non-executive director with immediate effect. Seeing Machines also announce
19-Sep-2018 09:22 AM

Seeing Machines losses deepen after supplier delays

Self-driving vehicle technology group Seeing Machines posted a deeper annual loss after it was hurt by supplier delays and cost overruns. Pre-tax losses for the year through June amounted to $36.0m, compared to losses of $29.7m on-year. Revenue more tha
03-Aug-2018 09:32 AM

Seeing Machines warns of margin miss due to shipment delays

Seeing Machines said it more than doubled its annual revenue after signing more contacts for its automated driving technology, though it warned falling margins would hurt profits. Sales for the six months through June rose to A$30.7m (£17.4m), up f
21-May-2018 09:58 AM

Seeing Machines downgrades sales guidance following components shortage

AIM-listed Seeing Machines downgraded its annual sales guidance, blaming a global shortage of short lead-time parts. Sales in the 2018 financial year were now expected at A$30m-to-A$35m, down from previous guidance of A$38m-to-A$43m. The company said it
26-Apr-2018 09:27 AM

Seeing Machines wins automotive design award in Germany

Seeing Machines has won a further programme design award with an additional premium German Automotive OEM to deliver its FOVIO driver monitoring technology into new automobile models, planned for mass production from 2021. Seeing Machines has been select
12-Apr-2018 08:36 AM

Seeing Machines appoints new broker

Seeing Machines (SEE), an industry leader in computer vision technologies which enable machines to see, understand and assist people, has announced the appointment of Cenkos Securities as its nominated adviser and joint broker with immediate effect. Canac
12-Mar-2018 09:13 AM

Seeing Machines losses deepen as increased spending offsets revenue rise

Seeing Machines reported a deeper annual loss after it spent more on research and development and marketing. Pre-tax losses amounted to $16.7m, compared to $14.1m, as revenue rose substantially to A$14.6m, from A$4.0m. Results for the full year were exp
08-Feb-2018 08:54 AM

Seeing Machines trading in line

Seeing Machines, a provider of computer vision technologies, said trading for the current financial year remains in line with expectations. Fleet total contract value (TCV) signed with customers, but not yet delivered nor recognised as revenue, has incr
30-Nov-2017 09:52 AM

Seeing Machines wins Guardian deals in Dubai

Seeing Machines' Dubai-based distributor, Technologica Information Technology, has won two major Guardian deals in the Middle East and Russia, with the combined opportunity expected to total 5,620 Guardian units. Guardian is Seeing Machines' re
11-Sep-2017 08:05 AM

Seeing Machines reported sales fall

Seeing Machines said company revenue was up 122% to $A13.6m versus A$6.1m in FY16 on like-for-like basis, but reported revenue was down 60% due mainly to the one-off CAT license fee in FY16. FINANCIAL HIGHLIGHTS: - Second half sales were more than 250%
08-Sep-2017 07:04 AM

Seeing Machines signs extended partnership deal with Progress Rail Services

Seeing Machines signed a new extended partnership agreement with Progress Rail Services. Progress Rail, a Caterpillar company, is one of the largest integrated and diversified suppliers of railroad and transit system products and services worldwide. Sin
17-Aug-2017 07:57 AM

Seeing Machines collaborates with Autoliv

Seeing Machines, a provider of computer vision based technologies, has formed a collaboration with automotive safety systems company Autoliv to deliver next generation driver monitoring systems (DMS) for autonomous vehicles. The collaboration leverages S
15-Aug-2017 09:53 AM

Seeing Machines solution added to Geotab Markeplace

Seeing Machines' Fleet Guardian Solution has been added to the Geotab Marketplace. Guardian is the latest add-in application in the marketplace, which serves more than 14,000 Geotab customers. The Guardian system uses advanced computer vision tech
08-Aug-2017 08:21 AM

Seeing Machines ahead of expectations

Seeing Machines (SEE), a provider of computer vision technologies, said results for the year to 30 June are expected to be ahead of market expectations. Total sales revenue for the year was in excess of A$13 million. Company revenue was more than doubl
28-Jul-2017 08:39 AM

Seeing Machines wins more Guardian SaaS contracts

Seeing Machines (SEE), which provides computer vision based technologies, said strong business momentum has continued with bookings of new multi-year Guardian SaaS (Safety-as-a-Service) contracts. Since the half-year results, Guardian has added bookings
15-Jun-2017 07:35 AM

Seeing Machines wins UK fleet contract with FreshLinc

Seeing Machines has confirmed its first UK multi-year services contract with FreshLinc, a large temperature controlled distributor. This followed the launch of its Guardian System at the Commercial Vehicle Show at Birmingham. The Guardian System solutio
16-Mar-2017 07:47 AM

Seeing Machines swings to H1 pretax loss

Seeing Machines has reversed to an H1 pretax loss of A$14.1m, from a year-earlier profit of A$11.3m, with revenue coming in materially lower as the company moved to a royalty arrangement with Caterpillar, from a direct-to-market model. This shift allowed
28-Feb-2017 09:19 AM

Seeing Machines inks multi-year US fleet contract

Seeing Machines announces a multi-year services contract with Shamrock Foods Company, a US distributor of fresh goods with a large presence in the US southwest. The multi-year agreement would see 750 of Shamrocks' heavy vehicles fitted with the Guar
01-Feb-2017 09:04 AM

Seeing Machines appoints non-exec director

Seeing Machines said Timothy Macmillan Crane joins the board as a non-executive director, effective from 1 February 2017. At 9:04am: (LON:SEE) Seeing Machines Ltd share price was 0p at 3.88p Story provided by
12-Jan-2017 09:14 AM

Seeing Machines passes GM resolutions

Seeing Machines said that at its General Meeting held earlier today the resolutions were duly passed. At 9:14am: (LON:SEE) Seeing Machines Ltd share price was 0p at 4.13p Story provided by
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