REG - Seeing Machines Ltd - Q3 FY2026 Quarterly KPIs

Seeing MachinesAnnouncement

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RNS Number : 2073D  Seeing Machines Limited  06 May 2026

 

Seeing Machines Limited ("Seeing Machines" or the "Company")

 

6 May 2026

Q3 FY2026 Quarterly KPIs

 

Record Automotive production volumes exceed 1.28 million for Q3 representing
122% quarter on quarter growth

 

Over 6 million cars now on road with Seeing Machines technology

 

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, is pleased to report its quarterly Key Performance
Indicators ("KPIs") for the quarter ended 31 March 2026 ("Q3 FY2026").

 

Q3 FY2026 KPI highlights:

 

-     1,284,557(1) units produced in Q3 FY2026, up 122% from the previous
quarter (Q2 FY2026: 578,363) and up 259% from the previous corresponding
quarter (Q3 FY2025: 358,162), establishing a materially higher quarterly
run-rate

-     Q3 FY2026 Automotive royalty revenue has exceeded total H1 FY2026
Automotive royalty revenue

-  6,103,288 cars on the road with Seeing Machines' Driver and Occupant
Monitoring System (DMS/OMS) technology, representing an increase of 88% from
12 months ago (Q3 FY2025: 3,241,907)

-     1,610 Guardian unit sales (Q2 FY2026: 3,764)

-     $14.7m Guardian ARR, representing an increase of 5% from Q2 FY2026

 

Automotive Production Volumes (production of new vehicles using Seeing
Machines' Driver & Occupant Monitoring System (DMS/OMS) technology):

 

                        Q3 FY2025  Q4 FY2025  Q1 FY2026  Q2 FY2026  Q3 FY2026
 Production FY2025-26   358,162    488,294    510,167    578,363    1,284,557
 % Growth Qtr. on Qtr.  34%        36%        4%         13%        122%
                        Q3 FY2024  Q4 FY2024  Q1 FY2025  Q2 FY2025  Q3 FY2025
 Production FY2024-25   313,662    381,215    405,669    266,654    358,162
 % Growth Yr on Yr      14%        28%        26%        117%       259%

 

Automotive production volumes surpassed 1.28 million units in Q3 FY2026, up
122% quarter-on-quarter and 259% year-on-year. Q3 FY2026 Royalty Revenue was
higher than Royalty Revenue for the entire first half of the financial year.
This reflects accelerating DMS fitment across existing and new production
programs as Automotive OEMs prepare for the July 2026 European General Safety
Regulation (GSR) deadline and supports the expected operating leverage in the
Company's Automotive royalty model.

 

Looking ahead, Seeing Machines believes Q3 FY2026 marks the transition to
significantly higher quarterly volumes, driven by regulatory-led fitment, that
will continue to increase into FY2027, as OEMs deploy DMS across European
platforms. The Q3 FY2026 result supports confidence in continued growth as
existing and additional programs ramp toward GSR compliance.

 

Aftermarket: Guardian (technology for commercial transport fleets and
logistics companies):

                                       Q3 FY2025  Q4 FY2025  Q1 FY2026  Q2 FY2026  Q3 FY2026
 Guardian Hardware unit sales          1,151      2,536      368        3,764      1,610
 Guardian Annual Recurring Revenue(2)  $13.4m     $13.5m     $13.5m     $14.0m     $14.7m
 % Growth Qtr. On Qtr.                 0%         1%         0%         4%         5%

 

Guardian commercial momentum remains solid. While some sales expected in Q3
FY2026 have shifted to Q4 FY2026, early Q4 performance to date is encouraging.
Importantly, customer engagement continues to strengthen across all regions,
supporting confidence in the near-term conversion pipeline.

 

Guardian Annual Recurring Revenue (ARR) continues to increase steadily as
installed hardware is connected and activated, converting one-off hardware
deployments into recurring, high-margin service revenue. Customer contracts
typically span approximately 36 months, supporting revenue visibility as the
connected base expands.

 

Paul McGlone, CEO of Seeing Machines, commented: "Q3 delivered a clear
inflection point for Seeing Machines. Importantly, Q3 Royalty Revenue was
higher than Royalty Revenue for the entire first half of the financial year,
demonstrating the operating leverage in our Automotive model as production
programs scale. Automotive production volumes exceeded 1.28 million units in
the quarter, a record level, as OEMs scaled up DMS fitment ahead of the July
2026 European regulatory deadline and the Company expects to deliver positive
Adjusted EBITDA in Q3 and H2 FY2026. On current schedules, we expect
production volumes to increase again in Q4.

 

The step-change in quarterly volumes is significant and we believe this marks
the beginning of a new phase of higher, more consistent production volumes as
we move through the end of FY2026 and into FY2027. This is supported by
regulation and our embedded position across major OEM programs and has
resulted in the continued growth of vehicles on road using Seeing Machines
technology. With more than 6 million cars now on road, our focus remains on
converting this momentum into sustained royalty growth as global transport
safety requirements continue to strengthen."

 

This announcement contains inside information under the UK Market Abuse
Regulation. The person responsible for arranging for the release of this
announcement on behalf of the Company is Paul McGlone, CEO.

 

(1) Automotive production volumes represent actual vehicle production and
exclude minimum guaranteed volumes

(2) Guardian ARR is the annualised value of ongoing monthly monitoring
services from installed and connected hardware units

 

 

 

 

Enquiries:

 

 Seeing Machines Limited                    +61 2 6103 4700
 Paul McGlone - CEO

 Sophie Nicoll - Corporate Communications

 Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)               +44 20 7710 7600
 Alex Price

 Fred Walsh

 Brough Ransom

 Ben Good

 Singer Capital Markets (Joint Broker)                                       +44 20 7496 3000
 James Serjeant

 Dan Ingram

 Amber Higgs

 Russell Cook

About Seeing Machines (AIM: SEE), a global company founded in 2000 and
headquartered in Australia, is an industry leader in vision-based monitoring
technology that enable machines to see, understand and assist people. Seeing
Machines is revolutionizing global transport safety. Its technology portfolio
of AI algorithms, embedded processing and optics, power products that need to
deliver reliable real-time understanding of vehicle operators. The technology
spans the critical measurement of where a driver is looking, through to
classification of their cognitive state as it applies to accident risk.
Reliable "driver state" measurement is the end-goal of Driver Monitoring
Systems (DMS) technology. Seeing Machines develops DMS technology to drive
safety for Automotive, Commercial Fleet, Off-road and Aviation. The company
has offices in Australia, USA, Europe and Asia, and supplies technology
solutions and services to industry leaders in each market vertical.

www.seeingmachines.com (http://www.seeingmachines.com)

 

 

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