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Seeing Machines Ltd (GB:SEE)
LSE:SEE
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Seeing Machines (SEE) AI Stock Analysis

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GB:SEE

Seeing Machines

(LSE:SEE)

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Neutral 57 (OpenAI - 4o)
Rating:57Neutral
Price Target:
3.50p
▲(1.74% Upside)
Seeing Machines' strong market position and positive technical indicators are offset by profitability challenges and valuation concerns. The company's strategic focus on cost reduction and partnerships is promising, but execution risks remain.
Positive Factors
Market Position
A strong market position in the automotive sector, especially with upcoming regulations, ensures sustained demand and competitive advantage.
Regulatory Tailwinds
Regulatory requirements will drive demand for Seeing Machines' technology, providing a structural growth opportunity in the automotive industry.
Strategic Partnerships
Collaborations with industry leaders enhance market reach and product offerings, supporting long-term growth and diversification.
Negative Factors
Profitability Challenges
Ongoing profitability issues indicate challenges in cost management and operational efficiency, which could hinder sustainable growth.
Revenue Decline
A decline in revenue highlights transitional challenges and dependency on new product adoption, affecting short-term financial performance.
Cash Flow Management
Negative cash flow and volatility in free cash flow growth suggest liquidity issues, impacting the company's ability to fund operations and growth initiatives.

Seeing Machines (SEE) vs. iShares MSCI United Kingdom ETF (EWC)

Seeing Machines Business Overview & Revenue Model

Company DescriptionSeeing Machines (SEE) is a global leader in advanced driver monitoring systems (DMS) and AI-driven technology, primarily focused on enhancing safety in the transportation sector. The company develops cutting-edge software and hardware solutions that utilize facial recognition and eye-tracking technology to monitor driver alertness and behavior, ensuring safer driving experiences across various industries, including automotive, aviation, and commercial fleets.
How the Company Makes MoneySeeing Machines generates revenue through multiple channels, primarily by selling its driver monitoring systems to automotive manufacturers and fleet operators. The company operates on a subscription-based model for its software services, providing ongoing support and updates to clients. Key revenue streams include direct sales of hardware, licensing fees for software integration, and long-term partnerships with major automotive brands that incorporate Seeing Machines' technology into their vehicles. Additionally, the company benefits from collaborations with industry leaders and research institutions, enhancing its product offerings and expanding its market reach.

Seeing Machines Earnings Call Summary

Earnings Call Date:Sep 25, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Apr 01, 2026
Earnings Call Sentiment Neutral
The earnings call highlights Seeing Machines' strong market position in automotive, driven by upcoming regulations and strategic partnerships. However, revenue decline and sales delays present challenges. The company has a clear path to profitability with ongoing cost reductions and expected revenue growth, but execution risk remains.
Q4-2025 Updates
Positive Updates
Strong Market Position in Automotive
Seeing Machines holds around a 50% share in the automotive driver monitoring system market based on production volume, positioning them well for upcoming regulations in Europe that require camera-based systems in all vehicles by July 2026.
Significant Partnerships and Collaborations
Notable partnerships include Mitsubishi, which is expected to open new adjacent markets like Insurance and Smart Factory. Strong relationships with CAT, Valeo, MiTAC, and Magna continue to provide growth opportunities.
Expected Revenue Growth
High double-digit revenue growth is anticipated due to automotive royalties and the introduction of Gen 3 in the Guardian product line, driven by regulations and demand in Europe and North America.
Cost Reduction and Profitability Goals
The company has focused on cost reduction, achieving an $8.6 million decrease in costs since December 2023. They are on track to reach cash flow breakeven by the end of 2025 and become cash generative in fiscal year 2026.
Negative Updates
Decline in Overall Revenue
Revenue decreased compared to fiscal year 2024, primarily due to the transition from Gen 2 to Gen 3 in the Guardian product line and reduced aviation revenue, totaling a $16 million reduction.
Delays in RFQs and Market Entry
There have been delays in the Request for Quotes (RFQs) process, impacting the timing of new contracts and market entry, particularly in the automotive sector.
Challenges in Aftermarket Sales
While Guardian (Gen 3) is in production, sales are not materializing as quickly as anticipated, aligning with a lengthy sales cycle and new market penetration challenges in Europe and the U.S.
Company Guidance
During the call, Seeing Machines Limited provided detailed guidance across several key metrics. The company anticipates substantial growth in automotive royalties, driven by new European regulations requiring camera-based driver monitoring systems by July 2026. Currently, Seeing Machines holds a 50% market share in production volume, which they expect to maintain in the short term, although they project a more conservative 35% share long-term due to increased competition. The Guardian product line is also expected to see significant growth, influenced by new regulations in the U.S. and global safety advocacy. In fiscal year 2025, the company reported a decrease in revenue, largely due to a transition from Gen 2 to Gen 3 Guardian products and reduced aviation revenue. However, they emphasized cost management improvements and anticipate achieving a cash flow breakeven run rate by the end of the calendar year. Seeing Machines plans to leverage partnerships, notably with Mitsubishi, to explore new market opportunities, including in insurance and smart factory sectors.

Seeing Machines Financial Statement Overview

Summary
Seeing Machines shows strong revenue growth but struggles with profitability and cash flow management. The company has a moderate level of leverage, which requires careful management to avoid financial strain.
Income Statement
45
Neutral
Seeing Machines has shown impressive revenue growth, particularly a 154.14% increase in the latest year, indicating strong market demand or expansion. However, the company struggles with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin is relatively healthy at 62.89%, but the net profit margin remains negative at -40.53%, highlighting ongoing challenges in cost management and operational efficiency.
Balance Sheet
50
Neutral
The company's debt-to-equity ratio of 1.29 suggests a moderate level of leverage, which could pose risks if not managed carefully. The equity ratio is not explicitly provided, but the balance sheet indicates a reasonable level of stockholders' equity relative to total assets. However, the negative return on equity reflects ongoing profitability challenges, impacting shareholder value.
Cash Flow
40
Negative
Seeing Machines has a positive free cash flow to net income ratio of 1.02, indicating some ability to generate cash relative to its net losses. However, the operating cash flow is negative, and the free cash flow growth rate is volatile, suggesting potential liquidity issues. The company needs to improve its cash flow management to support sustainable growth.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue61.56M62.34M67.63M57.77M39.00M35.44M
Gross Profit38.77M39.20M31.52M28.90M17.51M11.71M
EBITDA-10.40M-16.33M-26.45M-13.64M-18.97M-12.98M
Net Income-24.71M-25.27M-31.28M-15.55M-18.57M-13.09M
Balance Sheet
Total Assets131.30M131.30M130.30M133.09M137.61M92.93M
Cash, Cash Equivalents and Short-Term Investments22.86M22.86M23.68M36.45M40.80M35.90M
Total Debt55.60M55.60M50.92M43.23M3.65M4.64M
Total Liabilities88.04M88.04M93.31M66.56M30.70M20.89M
Stockholders Equity43.26M43.26M36.98M99.89M73.82M72.05M
Cash Flow
Free Cash Flow-12.32M-12.54M-11.94M-50.68M-21.80M-16.29M
Operating Cash Flow-12.09M-12.31M12.10M-25.04M-7.90M-11.08M
Investing Cash Flow-17.22M-17.49M-24.00M-25.63M-13.90M-5.19M
Financing Cash Flow29.48M29.48M-729.00K45.29M38.93M21.77M

Seeing Machines Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.44
Price Trends
50DMA
3.03
Positive
100DMA
2.91
Positive
200DMA
2.83
Positive
Market Momentum
MACD
0.15
Positive
RSI
58.26
Neutral
STOCH
48.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SEE, the sentiment is Positive. The current price of 3.44 is above the 20-day moving average (MA) of 3.38, above the 50-day MA of 3.03, and above the 200-day MA of 2.83, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 58.26 is Neutral, neither overbought nor oversold. The STOCH value of 48.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SEE.

Seeing Machines Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
£181.06M60.887.35%26.09%32.43%
£75.82M-37.17-10.50%6.40%70.78%
$37.18B12.37-10.20%1.83%8.50%-7.62%
£173.22M-8.85-64.28%-10.24%33.33%
£44.30M-34.60-9.83%-5.43%-292.31%
£33.69M775.0025.15%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:SEE
Seeing Machines
3.44
-0.50
-12.69%
GB:BGO
Bango plc
98.50
-11.50
-10.45%
GB:CNS
Corero Network Security
8.75
-15.75
-64.29%
GB:CTAI
Catenae Innovation Plc
0.40
0.25
166.67%
GB:PCIP
PCI PAL
46.00
-17.50
-27.56%
GB:BKS
Beeks Financial Cloud Group Plc
249.00
-21.00
-7.78%

Seeing Machines Corporate Events

Seeing Machines’ Earnings Call: Navigating Growth and Challenges
Oct 10, 2025

Seeing Machines’ recent earnings call presented a mixed sentiment, reflecting both optimism and caution. The company is well-positioned in the automotive sector, bolstered by strategic partnerships and upcoming regulations. However, challenges such as a decline in revenue and delays in sales cycles pose significant hurdles. Despite these issues, Seeing Machines is on a clear path to profitability, aided by ongoing cost reductions and anticipated revenue growth, although execution risks remain.

Business Operations and StrategyProduct-Related Announcements
Seeing Machines Secures $1.8M Order for Autonomous Vehicle Monitoring
Positive
Oct 8, 2025

Seeing Machines Limited has secured a US$1.8 million purchase order for its Guardian Backup-driver Monitoring System (BdMS) from a leading North American autonomous vehicle company. This contract supports the expansion of the customer’s test fleet across the US, highlighting the critical role of Seeing Machines’ technology in ensuring safety during the transition to fully autonomous transport. The company’s Guardian BdMS solution is pivotal in bridging the gap between autonomous operations and human oversight, reinforcing its position in the growing autonomous ride-hailing industry.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Seeing Machines Expands Guardian Technology Across Europe
Positive
Sep 26, 2025

Seeing Machines Limited has announced a significant 5-year agreement with a leading UK bus OEM to deliver its Guardian Generation 3 technology across Europe, aligning with the upcoming General Safety Regulation mandate for advanced driver distraction warnings. This expansion, alongside ongoing collaborations with other OEMs and industry leaders, underscores the company’s commitment to road safety and positions it as a pivotal player in enhancing public and commercial transport safety across Europe and the UK.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Seeing Machines Poised for Growth with New Safety Regulations and Strategic Partnerships
Positive
Sep 25, 2025

Seeing Machines Limited has reported its FY2025 financial results, highlighting significant growth prospects due to the upcoming European General Safety Regulation mandating camera-based Driver Monitoring Systems (DMS) in all new vehicles by July 2026. The company anticipates a substantial increase in automotive royalty volumes as OEM customers are expected to sell 12.5 million new cars in Europe in 2026, all requiring DMS technology. Additionally, Seeing Machines is making strides in the Aftermarket sector, converting trial customers into sales and expanding its business pipeline in the Americas and EMEA. Collaborations with Mitsubishi and Valeo, along with the acquisition of Asaphus Vision GmbH, are set to enhance the company’s capabilities and market reach. Financially, Seeing Machines aims to achieve a cashflow break-even run rate by the end of the calendar year and become cashflow positive in the second half of FY2026.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Seeing Machines Secures First Guardian Contract via Mitsubishi Referral
Positive
Sep 24, 2025

Seeing Machines Limited has secured its first Guardian Generation 3 contract through a referral from Mitsubishi Electric Automotive America (MEAA), marking a significant milestone in their collaboration. This agreement with Savannah Transport Inc. highlights the effectiveness of the referral process and opens new opportunities in the Americas, potentially enhancing the company’s market presence and contributing to road safety advancements.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Seeing Machines Unveils Alcohol Impairment Detection in Driver Monitoring Systems
Positive
Sep 10, 2025

Seeing Machines has announced a new capability for its Driver Monitoring System (DMS) technology that can now detect alcohol-related impairment in drivers, marking a significant advancement in road safety technology. This enhancement aligns with European NCAP standards and aims to reduce alcohol-impaired driving fatalities by targeting drivers with a blood alcohol content of .10 or higher. The technology is already in use on US roadways and is part of a phased plan to integrate advanced alcohol detection in vehicles, potentially influencing global safety standards and regulatory compliance.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Seeing Machines to Announce FY2025 Results with Live Investor Presentation
Positive
Sep 10, 2025

Seeing Machines Limited announced that it will release its FY2025 results on 25 September 2025, followed by a live presentation by CEO Paul McGlone and CFO Martin Ive. This presentation, accessible via Investor Meet Company, is open to current and potential shareholders, allowing them to engage directly with the company’s leadership. This announcement underscores Seeing Machines’ commitment to transparency and stakeholder engagement, potentially enhancing its market position and investor relations.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and Strategy
Seeing Machines CFO Executes Major Share Transfer
Neutral
Aug 29, 2025

Seeing Machines Limited announced a significant share transfer involving its Chief Financial Officer, Martin Ive, who transferred 3,500,000 ordinary shares to Marrach Super Pty Limited, a closely associated entity. Despite this transfer, Mr. Ive retains a beneficial interest in 12,755,726 ordinary shares, representing 0.26% of the company’s issued share capital. This transaction is part of the company’s ongoing operations and reflects internal financial management, with potential implications for shareholder interests and market perception.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Seeing Machines Drives Growth with Strategic Partnerships and Increased Vehicle Deployments
Positive
Aug 21, 2025

Seeing Machines reported a 69% increase in vehicles equipped with its technology, reaching over 3.7 million units, as it prepares for the EU’s 2026 General Safety Regulation deadline. The company anticipates profitability through growing automotive royalties, a strong Guardian pipeline, and cost management initiatives. Key developments include a strategic partnership with Mitsubishi Electric Mobility Corporation, which secured a £26.2m investment, and new referral agreements in the Americas and Europe. Despite an expected EBITDA loss, the company improved its financial performance in the second half of FY2025 and aims for a cashflow break-even run rate by the end of the year.

The most recent analyst rating on (GB:SEE) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Seeing Machines Reports Robust Q4 Growth Amid EU Safety Regulation Preparations
Positive
Aug 5, 2025

Seeing Machines Limited reported significant growth in its Q4 FY2025 performance, with its technology now integrated into over 3.7 million vehicles, marking a 69% increase from the previous year. The company’s Guardian hardware sales also surged by 120% as production ramps up to meet demand. This growth aligns with the European Union’s upcoming safety regulations requiring camera-based Driver Monitoring Systems in new vehicles by July 2026. The expansion in automotive production volumes and strategic royalty prepayments highlight Seeing Machines’ strong industry positioning and partnerships, setting a solid foundation for future growth as it aims for a cashflow break-even run rate by the end of the year.

The most recent analyst rating on (GB:SEE) stock is a Buy with a £13.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 26, 2025