Australia's Seeing Machines estimates H1 revenue decline, ARR rises

Seeing Machines

18/02/2026 07:07

Overview

Australia vision tech firm's H1 FY2026 revenue expected to declined due to lower non-recurring engineering activity

Annual recurring revenue increased to US$14 mln, supported by growing Guardian connections

Adjusted EBITDA loss expected to narrow significantly compared to H1 FY2025

Outlook

Seeing Machines expects automotive production volumes to increase materially over coming quarters

Company anticipates positive adjusted EBITDA in Q3 and H2 FY2026

Seeing Machines aims for positive cash flow in H2 FY2026

Result Drivers

AUTOMOTIVE GROWTH - Production volumes increased by 62% and automotive royalty revenue rose by 43%, driven by higher adoption of DMS/OMS technology

CASH INFLOW - Post-period, a US$14.1 mln royalty payment was received from a Tier 1 automotive customer, impacting cash balance

REVENUE DECLINE - Revenue decreased due to lower non-recurring engineering activity as automotive programs matured

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Annual Recurring Revenue
$14 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for Seeing Machines Ltd is GBp6.75, about 60.7% above its February 17 closing price of GBp4.20

Press Release: ID:nRSR4330Ta

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)