REG - Seeing Machines Ltd - Q4 FY2025 Quarterly KPIs

Seeing MachinesAnnouncement

Tue 07:02

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RNS Number : 8684T  Seeing Machines Limited  05 August 2025

 

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

 

 

 5 August 2025

Q4 FY2025 Quarterly KPIs

 

Seeing Machines technology now in over 3.7 million cars, representing strong
quarterly growth of 36%

 

Guardian hardware sales have increased by 120% quarter on quarter as
production scales up to meet growing demand

 

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, publishes its quarterly Key Performance Indicators ("KPIs")
for the quarter ended 30 June 2025 ("Q4 FY2025").

 

-   As expected and mentioned at the recent London Town Hall, the quarterly
automotive production volumes are increasing materially as carmakers in Europe
plan for the EU's General Safety Regulation ("GSR") that requires camera-based
Driver Monitoring System ("DMS") technology for Advanced Driver Distraction
Warning ("ADDW") in all new vehicles sold in Europe from July 2026 and the
European New Car Assessment Program's ("Euro NCAP") extending protocols
related to DMS for safety ratings also come into effect.

 

Q4 FY2025 KPI highlights:

 

-  Cars on the road with Seeing Machines' Driver and Occupant Monitoring
System (DMS/OMS) technology increased to 3,730,201 units, representing an
increase of 69% from 12 months ago (Q4 FY2024: 2,211,422)

-    For FY2025, automotive production volumes total over 1.5 million
compared with cumulative total of 1.125m for FY2024, representing growth of
~35%

-    Quarterly production of 488,294 units, up 36% from the previous
quarter (Q3 FY2025: 358,162) and up 28% from the previous corresponding
quarter (Q4 FY2024: 381,215), demonstrating continued sequential growth

-     Guardian Generation 3 is now in full production and quarterly
Guardian hardware sales increased by 120% to 2,536 units (Q3 FY2025: 1,151).
 Annual hardware sales for FY2025 were 5,466.

 

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

 

                       Q4 FY2024  Q1 FY2025  Q2 FY2025  Q3 FY2025  Q4 FY2025
 Production FY2024-25  381,215    405,669    266,654    358,162    488,294
 % Growth Qtr on Qtr   22%        6%         (34%)      34%        36%
                       Q4 FY2023  Q1 FY2024  Q2 FY2024  Q3 FY2024  Q4 FY2024
 Production FY2023-24  211,325    222,138    208,231    313,662    381,215
 % Growth Comparative  80%        83%        28%        14%        28%

 

The Company continues to deliver its world-leading DMS and OMS solutions to
leading car brands globally, now boasting an additional two programs,
contributing small volumes during the quarter, at start of production across
Europe and North America.

 

One of the programs that began production in the June quarter is among several
programs that are under minimum volume guarantees. Seeing Machines receives a
prepayment of royalties for minimum volume guarantees associated with a number
of Automotive programs. The timing of prepayments for these guarantees is
aligned with the original expected start of production timeframes. This
prepayment covers royalties not included in the cumulative total of cars on
the road, or the quarterly production volumes. Those volumes will be counted
in the quarter in which production occurs.

 

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

                                         Q4 FY2024  Q1 FY2025  Q2 FY2025  Q3 FY2025  Q4 FY2025
 Guardian Hardware unit sales            9,807      1,491      288        1,151      2,536
 ARR excluding Caterpillar (historical)  $13.3m     $13.6m     $13.4m     $13.4m     $13.5m
 % Growth Qtr on Qtr                     3%         2%         (1%)       -          1%

 

Guardian Generation 3 production has now ramped to approximately 2,000 units
monthly and is expected to meet growing customer demand. The sales pipeline is
expanding globally through direct, channel, and partner opportunities, and the
Company expects increased sales as customer trials finish in North America and
Europe.

 

Paul McGlone, CEO of Seeing Machines, commented:

"The significant rise in automotive production volumes demonstrates that the
industry is ramping up to comply with upcoming EU safety regulations. Seeing
Machines' ability to deliver advanced DMS and OMS solutions to leading car
brands worldwide, now spanning nine programs at start of production across
Europe and North America, is industry-leading and we are proud of this
success. The strategic approach to royalty prepayments further demonstrates
solid partnerships and forward planning.

 

I am encouraged with the quarterly increase in Guardian Generation 3 sales
with production volumes steadily rising to match our pipeline and expected
customer demand. The expanding global sales pipeline underscores widespread
market interest, and we would anticipate a further ramp-up in sales as a
number of customer trials conclude. These Q4 figures leave the Company well
positioned as we kick off FY2026 and focus on achieving our initial key target
of cashflow break-even run rate by the end of this calendar year."

 

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.

 

 

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

 DGA Group (Media Enquiries)                                        +44 20 7664 5095

 James Styles

Methuselah Tanyanyiwa

 Matthias Jarosz

 seeingmachines@dgagroup.com (mailto:seeingmachines@dgagroup.com)

 

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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