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Seeing Machines boosts royalties and recurring sales as car volumes surge past 4.8 million

Story Highlights
  • Seeing Machines grew car production-linked royalties and recurring Guardian revenues, offsetting lower OEM fees and narrowing its half-year EBITDA loss.
  • New programme wins, tech launches and looming European GSR rules bolster Seeing Machines’ lead in driver monitoring and underpin expectations of rising royalties.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Seeing Machines boosts royalties and recurring sales as car volumes surge past 4.8 million

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Seeing Machines ( (GB:SEE) ).

Seeing Machines reported mixed half-year results to 31 December 2025, with adjusted revenue down 8% to US$23.4m as OEM engineering and licence income declined, but annualised recurring revenue rose to US$14m and Aftermarket sales climbed 18% on strong uptake of its Guardian safety system. Automotive production volumes jumped 62% to about 1.1 million vehicles, lifting high-margin royalty revenue 33% to US$8.4m and helping shrink the adjusted EBITDA loss to US$13.7m, even as cash fell to US$3.4m before a post-period lump-sum royalty payment and a new receivables facility.

The company deepened its market lead in driver and occupant monitoring, with more than 4.8 million cars on the road, new European and Japanese programme wins and growing Aftermarket momentum, including sizeable North American fleet and autonomous-vehicle orders. New technologies such as 3D Cabin Perception Mapping, impairment detection aligned with U.S. regulatory priorities and a Future Mobility Group position Seeing Machines to capitalise on Europe’s incoming GSR safety rules, which are expected to accelerate royalty growth and support its goal of achieving positive adjusted EBITDA in the second half of FY2026 while it works to refinance a convertible note maturing in 2026.

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.

Spark’s Take on SEE Stock

According to Spark, TipRanks’ AI Analyst, SEE is a Neutral.

The score is held down primarily by weak financial quality (ongoing losses, negative operating cash flow) and bearish near-term technical momentum. These are partially offset by a more positive earnings-call outlook pointing to regulation-driven growth and cost actions targeting cash-flow breakeven.

To see Spark’s full report on SEE stock, click here.

More about Seeing Machines

Seeing Machines is an Australia-headquartered leader in AI-powered, vision-based monitoring technology designed to improve transport safety across automotive, commercial fleet, off-road and aviation markets. Its systems use computer vision, embedded processing and optics to track driver attention and cognitive state, enabling real-time “driver state” measurement for driver and occupant monitoring and supplying solutions to global OEMs, Tier 1 suppliers and fleet operators.

Average Trading Volume: 12,137,736

Technical Sentiment Signal: Strong Sell

Current Market Cap: £151.7M

See more insights into SEE stock on TipRanks’ Stock Analysis page.

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