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Australia-based, but AIM-listed, transport tech specialist Seeing Machines has reported on its KPIs for Q3 2025 (ended 31st March 2025), showing positive momentum – in terms of production volume and sales – as European OEMs prepare for the upcoming regulatory changes. (The requirement for Advanced Driver Distraction Warning systems to be fitted to all newly-registered cars, vans, trucks and buses comes into force in July 2026, as part of the EU’s Vehicle General Safety Regulation.)
Cars on the road with Seeing Machines' AI-enabled Driver Monitoring System technology (which measure head-pose, eyelid closure and eye-gaze direction, etc. to determine driver alertness) increased 77% year-on-year to over 3.24 million units. Quarterly production volumes rose 34% from the previous quarter to 358,162 units, representing a solid recovery from the pronounced 34% dip in Q2 FY2025 (which had aligned with an industry-wide downturn).
In the aftermarket segment, Seeing Machines has commenced commercial production of Guardian Generation 3, its technology for commercial transport fleets. The company anticipates reaching a production run rate of 6,000 units per quarter by end of June 2025, which should help satisfy growing demand across direct and indirect channels.
Despite the positive sentiment, Seeing Machines disclosed that Annual Recurring Revenue for its Guardian tech (excluding historical Caterpillar revenue) remained flat, quarter-on-quarter, at $13.4m. Last August, the company reported that ARR was up 11% to $15.1m for FY24 (see Seeing Machines up 17% in FY24 despite slower new product uptake), and we await FY25’s full figures later this summer.
Posted by: Craig Wentworth at 09:07
Tags:
results
transport
automotive
driver safety