Seeing Machines (GB:SEE) has released an update.
Seeing Machines Limited has reported a solid performance in FY2024 with a 17% increase in revenue to $67.6m, aligning with market expectations and showcasing a significant expansion of its AI-powered operator monitoring systems across various transport sectors. The company has made its technology available in over 2.2 million vehicles, a 104% increase from the previous year, and has initiated promising collaborations in the mining and aviation industries. Despite experiencing a larger than expected EBITDA loss, Seeing Machines is optimistic about achieving a cash flow break-even in FY2025, reflecting strong demand and continued growth.
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