9th Nov 2026 20:49
Seeing Machines Ltd - Canberra, Australia-based computer vision company - Production totals just under 2.0 million units in the quarter ended September 30 up against 510,167 a year ago, maintaining a structurally higher run rate now that the European General Safety Regulation is in effect. This means a total of 10.2 million cars are on the road with Seeing Machines driver & occupant monitoring system technology versus 4.2 million a year ago. First quarter production was down 7% from the previous quarter's record level, which Seeing Machines said is consistent with European car sales trends during the quarter. Guardian annual recurring revenue increased to USD15.3 million, up 2% on the previous quarter and up 13% on-year. "This marks a further quarter of consistent ARR growth, reflecting the continued expansion of Guardian's installed base and the ongoing value fleets place on its monitoring services, the firm says. "Production of almost two million units in Q1 FY2027 is consistent with the record levels of the previous quarter and nearly four times the level of a year ago. We expect this run rate to continue as OEMs build GSR-compliant vehicles at scale, underpinning the ongoing royalty revenue from our Automotive business," says Chief Executive Paul McGlone.
Current stock price: 3.09 pence, down 18% in London on Monday
12-month change: down 21%
By Jeremy Cutler, Alliance News reporter
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