SEE Seeing Machines Limited

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) CEO Paul McGlone and CFO Martin Ive talked with Proactive's Stephen Gunnion about the company’s interim financing extension with Magna, negotiations over a longer-term extension and the improving performance of the business. McGlone explained that Seeing Machines had made significant progress towards finalising an external refinancing package ahead of the 4 October maturity date. However, following recent discussions with Magna, the board determined that extending the existing loan notes could provide greater flexibility and the potential for a better long-term outcome. The interim extension moves the immediate maturity date to 30 November, giving Seeing Machines additional time to negotiate a longer-term arrangement. McGlone said discussions with Magna remained constructive, adding: “We expect to complete by the 30th of November. That’s really clear.” Ive said the financing process had not changed the company’s operational priorities or investment plans. He highlighted Seeing Machines’ FY26 performance, including a 135% increase in automotive royalty revenue to $33.9 million and automotive production volumes of around 4.5 million units, up just under 200%. Production volumes reached a record 2.1 million units in the June quarter. The executives also discussed momentum in automotive, growth in the aftermarket business and interest in Seeing Machines’ newly launched human-centred physical AI platform for robotic support. Seeing Machines currently expects to publish its FY26 audited results by the end of November alongside completion of the longer-term extension. The company also expects to hold investor meetings and a town hall presentation in London after the results are published, including demonstrations of its latest technology. Visit Proactive’s YouTube channel for more interviews and market updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #SeeingMachines #Magna #AutomotiveTechnology #DriverMonitoring #DMS #AutomotiveAI #PhysicalAI #ArtificialIntelligence #AutomotiveIndustry #InvestorNews #FY26 #TechStocks #AIMStocks #ProactiveInvestors #Proactive

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Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z), the computer vision company, has launched a platform designed to move its driver-monitoring technology into robots, marking a significant expansion beyond its automotive roots. The Canberra-based group said its Physical AI Platform would give...

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Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z), the computer vision company best known for driver monitoring systems, has secured a development contract in factory robotics that takes its technology beyond the vehicle cabin. The company said the customer was a global industrial technology...

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) revealed it has swung to profitability in the second half of its financial year as automotive production volumes surged to record levels and higher-margin royalty revenue accelerated. Adjusted EBITDA for the six months to June is expected at...

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) CEO Paul McGlone and CFO Martin Ive talked with Proactive about the company’s FY2026 performance, the rapid growth of its driver monitoring systems (DMS) business and the outlook for FY2027. McGlone described FY2026 as a pivotal year as Seeing Machines moved from engineering programmes with automotive customers into large-scale production and higher-margin royalty revenues. Automotive production volumes increased by just under 200% to 4.5 million vehicles during the year, taking the number of vehicles on the road using Seeing Machines technology to more than 8.2 million. Revenue increased by around 45% to just over US$76 million, while the company delivered a profitable second half. McGlone said the improvement was driven fundamentally by increasing royalty revenues and demonstrated the operating leverage within the business model. The executives also discussed the impact of the European Union’s General Safety Regulation. From 7 July, new vehicles in Europe require camera-based driver monitoring technology, which McGlone described as a significant industry milestone and an important driver of the company’s long-term royalty opportunity. Automotive production volumes reached more than 2.1 million vehicles in the fourth quarter, representing a 64% increase from the previous quarter. Ive said automotive royalty revenue increased by around 135% in FY2026 compared with FY2025, excluding a one-off upfront royalty payment. He also highlighted disciplined cost management and positive adjusted EBITDA in the second half. Looking into FY2027, Seeing Machines expects continued royalty growth, further OEM programme launches, expansion of its interior sensing and impairment detection capabilities, growth in Guardian recurring revenue and further development of opportunities in future mobility and autonomous vehicles. Visit Proactive’s YouTube channel for more interviews and company updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications so you do not miss future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy

The $5 million contract Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) announced on Wednesday looks small. What it signals is not. Stifel and Shore Capital both reacted to the driver monitoring specialist's latest win by pointing past the headline figure to a change in the shape of the...

Seeing Machines (AIM:SEE) has won a new driver monitoring contract with a European carmaker worth around $5 million in lifetime revenue, just as new EU safety rules make the technology mandatory on new vehicles. Production starts in 2028, with the system built into a rear-view mirror for easy deployment across multiple platforms. Frontier IP (LSE:FIPP) says portfolio company Cambridge Raman Imaging has secured a €400,000 European grant to scale up its AI-powered pharmaceutical quality control technology. The company has also appointed a China-based distributor with over 100 customers globally. ImmuPharma (AIM:IMM) has appointed Thermo Fisher Scientific to develop and manufacture the finished form of its experimental diabetes treatment Kapiglucagon. That completes the main manufacturing partnerships alongside Swiss group Bachem, which is handling the active ingredient. MP Evans (AIM:MPE) grew crude palm oil production 11% to 192,300 tonnes in the first half, supported by higher harvests across its Indonesian estates. Pricing also held firm at around $873 per tonne. Ariana Resources (AIM:AAU) says its Tavşan gold mine in Türkiye has completed its ramp-up and is now processing ore at the required rate of at least 4,000 tonnes a day. Gold recovery is tracking at around 70%. 88 Energy (AIM:88E) has moved its Augusta-1 Alaska well closer to a first-quarter 2027 spud after securing a rig and camp. Prospective resources at South Prudhoe have also been upgraded by 35%. Follow us and subscribe on YouTube, our social channels, and on proactiveinvestors.co.uk. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z), the AIM-listed computer vision company, has secured a new driver and occupant monitoring contract with a European carmaker as fresh European Union safety rules take effect. The award, won through an existing Tier 1 supplier, is expected to...