A new report from Stifel underscores the importance of Seeing Machines Ltd's (AIM:SEE, OTC:SEEMF) Guardian Insights platform in the company’s growth strategy.
The platform, which analyses data from over 60,000 vehicles across 3,818 fleets and 18 billion kilometres of driving, provides detailed insights into driver behaviour, including fatigue and distraction events.
This data is helping fleet operators improve safety and reduce risks through proactive intervention.
Guardian Insights is central to Seeing Machines’ aftermarket business. In the past year, the platform identified over 11.6 million risky driving events, including 2.7 million distraction instances and 450,000 fatigue-related incidents.
These findings enable tailored training programmes for drivers and data-driven safety strategies for fleet operators.
Stifel’s report highlights the platform’s potential to boost Seeing Machines’ growth in the fleet and commercial vehicle sectors, complementing its work in automotive, aviation, and other markets.
Despite broader challenges in the automotive industry, the report notes that Seeing Machines’ robust technology adoption and increasing market penetration are offsetting concerns about market size.
The company's other operation focuses on providing car manufacturers with in-car eye-tracking technology required to meet new safety standards. A total of 2.2 million vehicles are fitted with its driver monitoring systems.
With projected revenue growth from $67.6 million in 2024 to $97.5 million in 2026, Seeing Machines is positioned to become a leader in safety-focused monitoring systems, says Stifel.
It rates the stock 'buy' with an 11.4p price target. In afternoon trading, the stock was static at 3.23p.