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Guardian cost reductions will make a material difference to cashflow says Seeing Machines CEO

Seeing Machines Limited (LON:SEE) chief executive Paul McGlone and Pat Nolan, GM Aviation, explain the face monitoring tech company is now moving to delivery from R&D.

McGlone expects a significant reduction in the cost of its Guardian commercial vehicle fatigue monitor to have a material impact on cashflow.

Automotive, meanwhile, has seen a new chip supply deal for its Fovio system, which also simplify supply lines, while the third leg of the business – aviation – is seeing real traction with simulator groups, airlines and flight controllers.

The focus now is delivery in automotive and expansion in fleet/commercial vehicles and aviation.

Quick facts: Seeing Machines Ltd.

Price: 3.2 GBX

AIM:SEE
Market: AIM
Market Cap: £107.69 m
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Seeing Machines CEO looks ahead to two important automotive milestones

Seeing Machines Ltd's (LON:SEE) Paul McGlone tells Proactive London's Andrew Scott revenue, profit and cash all came in ahead of target for the year to end-June, 2020. Annual revenue is expected to be A$39.7mln, versus guidance of A$36.6mln and up around 24% on the previous year in spite of the...

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