Australia's Seeing Machines H1 adjusted revenue falls on lower NRE, license fees

Seeing Machines

27/03/2026 07:13

Overview

Australia driver monitoring tech firm's H1 adjusted revenue fell 8% due to lower NRE and license fees

Automotive royalty revenue rose 33% while aftermarket revenue increased 18% on Guardian sales

Adjusted EBITDA loss narrowed by 23% as cost reductions took effect

Outlook

Company expects royalties from automotive production volumes to rise significantly in coming quarters

Seeing Machines expects positive Adjusted EBITDA in Q3 and second half of FY2026

Company expects to complete Convertible Note financing by end of FY2026

Result Drivers

AUTOMOTIVE ROYALTIES - Automotive royalty revenue increased 33% as production volumes rose and awarded programs progressed

AFTERMARKET GROWTH - Aftermarket revenue rose 18% as Guardian Generation 3 hardware sales increased and recurring monitoring services remained stable

SALES MIX BENEFIT - Gross margin improved to 58% from 55% due to a higher proportion of high-margin royalty revenue and improved hardware margins

Company press release: ID:nRSa4258Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Gross Profit
$13.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 GBp8.60, about 177.4% above its March 26 closing price of GBp3.10

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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.)