Seeing Machines boss outlines future of driving monitoring – ICYMI [Video]

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone spoke with Proactive’s Stephen Gunnion to provide a comprehensive update on the company’s performance for the first half of 2024.

The discussion covered the company’s financial status, future projections, and strategic initiatives across various sectors, emphasising its position and optimism for continued growth and profitability.

SG: Can you give us an overview of Seeing Machines’ financial health in the first half of 2024?

PM: We’re in a strong financial position, boasting over US$22 million in cash, with receivables and inventory adding up to an additional US$31 million. This robust standing underpins our confidence in achieving future profitability and reaching breakeven without the need for external funding.

SG: What makes you optimistic about meeting the consensus revenue targets for the year?

PM:Our historical performance typically strengthens in the second half, and despite recent dips in automotive volumes, the early stages of royalty growth and external economic factors suggest a …