IN BRIEF: Seeing Machines says Q3 marks transition to higher volumes
Seeing Machines Ltd - Canberra-based designer of artificial intelligence powered operator monitoring systems - Units produced in the third quarter more than double to 1.3 million from 578,363 in the prior quarter and soar from 358,162 in the same quarter a year ago, establishing a "materially higher quarterly run-rate." In addition, says third quarter 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, Seeing Machines says. Looking ahead, Seeing Machines believes the third quarter marks the transition to significantly higher quarterly volumes, driven by regulatory-led fitment, that will continue to increase into financial 2027. Further says Guardian commercial momentum remains solid. Sales grow on-year to 1,610 units from 1,151 a year ago, but are down on-quarter from 3,764. Seeing Machines says some sales expected in the third quarter have shifted to the fourth quarter, where early performance is encouraging. Read More