Seeing Machines Limited reported underlying growth in revenues of almost 25% in its latest half-year and said opportunities for its driver monitoring (DMS) technology are accelerating across the entire product range.
The tech group said it expects revenues of A$21.7mlm (£11.5mln) in the six months to end December 2021, a 19% rise with an underlying growth rate of 24.6%.
Seeing Machines added it had installed 36,933 of its Guardian commercial-vehicle focused units by the period-end indicating forward revenues of A$18.8mln, while its cash position was A$79.7mln.
There are also now nine car models now past the start of production, it said, and more than 250,000 on roads featuring its DMS technology, an increase of 108% since June.
Another further 30 models incorporating its DMS technology are expected to launch by early 2023 out of a total of 95 under development with a value to the company of more than A$325mln.
Paul McGlone, chief executive said: "The activity across our entire business, coupled with a remarkable increase in cars on the roads fitted with our DMS technology and generating automotive royalty revenues, together with the positive financial results for the first half of 2022, signal excellent momentum and a changing landscape for the business.
“Our technology is well and truly established as industry-leading and we are seeing that acknowledgement across all transport sectors as we continue to work with a growing number of the world's most prestigious brands.
“We are extremely confident of more progress in the second half of the financial year.”