Seeing Machines Ltd - FY20 Trading Update
FY20 trading update
Financial highlights for FY2020
· Total income for FY2020 is expected to be
· Revenue for FY2020 is expected to be
· Cash at
· Total connected Guardian units at
"We are pleased with our results given the unique challenges we faced in the second half of FY2020. Our business is focused on transport industries and it is clear that the sector has been under unprecedented pressure since COVID-19 emerged. Notwithstanding this, we have continued to make progress and that is a testament to the hard work of our team and has reaffirmed the importance of our mission which is to keep people safe and reduce transport related accidents.
"Guardian connections have increased in FY2020 by more than 46% despite the limitations posed by grounded transport companies and pressure on commercial fleets to work around the clock to deliver supplies across vast geographies. As global economies return to some semblance of normality, we expect connections to accelerate through our growing distribution network.
"In the Auto sector,
The Company expects to publish its audited year end results in late October.
The financial information in this announcement is based on the unaudited management accounts for the year to
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+61 2 6103 4700
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Cenkos Securities plc (Nominated Adviser and Broker)
+44 131 220 6939
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+44 20 7710 7600
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Quick facts: Seeing Machines Ltd.
Market Cap: £155.3 m
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