Seeing Machines (SEE) AI Stock Analysis

• Market Cap: £175.42M
• Dividend Yield: N/A
• Average Volume (3M): 11.29M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: -10.24%
• EPS Growth: 33.33%
• Country: UK
• Employees: 421
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 4,912,392,000
• 10 Day Avg. Volume: 14,386,845
• 30 Day Avg. Volume: 11,290,134
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £3.50
• Price Target Upside: 0.57% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: 3.50p ▲(0.57% Upside)

Seeing Machines' overall stock score reflects strong technical momentum and strategic positioning in the automotive market. However, significant challenges in profitability, valuation, and recent revenue declines weigh heavily on the score. The company's path to profitability and cash flow improvements are positive, but execution risks remain.

Positive Factors

Regulatory Tailwinds

Upcoming regulations in Europe mandating driver monitoring systems create a strong demand for Seeing Machines' technology, potentially boosting long-term revenue and market share.

Strategic Partnerships

Partnerships with major companies like Mitsubishi expand Seeing Machines' market reach and diversify revenue streams, enhancing its competitive position and growth prospects.

Cost Management

Effective cost management improves profitability and cash flow, supporting the company's goal to reach cash flow breakeven by the end of 2025, enhancing financial stability.

Negative Factors

Revenue Decline

A decline in revenue highlights challenges in product transitions and market dynamics, potentially impacting short-term financial performance and strategic execution.

Sales Delays

Delays in securing new contracts can hinder revenue growth and market expansion, posing risks to achieving projected financial targets and strategic goals.

Aftermarket Sales Challenges

Challenges in aftermarket sales and lengthy sales cycles may slow revenue growth and market penetration, affecting the company's ability to capitalize on new product introductions.

Seeing Machines Business Overview & Revenue Model

Company Description

Seeing Machines Limited, together with its subsidiaries, provides driver monitoring technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries. It develops, sells, and licenses products, services, and technology to detect and manage driver fatigue and distraction, as well as provides software, after-sales monitoring, and consulting services. The company was incorporated in 2000 and is headquartered in Fyshwick, Australia.

How the Company Makes Money

Seeing 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 Financial Statement Overview

Summary

Seeing Machines has shown revenue growth, but continues to face financial challenges with ongoing net losses and negative cash flow, indicating operational inefficiencies and high leverage.

Income Statement

Seeing Machines has shown revenue growth, with a notable increase from 2023 to 2024. However, the company is still operating at a net loss, and the negative EBIT and EBITDA margins indicate ongoing operational challenges. The gross profit margin has been relatively stable, which is a positive indicator of cost control at the production level. Overall, while revenue growth is a positive sign, the continued losses suggest financial instability.

Balance Sheet

The balance sheet shows high leverage, as evidenced by the increase in total debt and negative net income impacting shareholders' equity. The debt-to-equity ratio is high, indicating a significant reliance on debt financing. The equity ratio has decreased over time, reflecting a reduction in financial stability. While the company maintains cash reserves, the overall financial structure appears to be under pressure due to liabilities outpacing equity.

Cash Flow

Seeing Machines has consistently reported negative free cash flow, indicating cash outflows are not being adequately managed. The operating cash flow to net income ratio shows inefficiencies in converting revenue into cash. The cash flow from financing activities indicates reliance on external funding, which may not be sustainable long-term. Overall, the cash flow statement reflects financial strain with limited cash generation from operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.53M	62.34M	67.63M	57.77M	39.00M	35.44M
Gross Profit	13.59M	39.20M	31.52M	28.90M	17.51M	11.71M
EBITDA	-8.93M	-16.33M	-26.45M	-13.64M	-18.97M	-12.98M
Net Income	-17.68M	-25.27M	-31.28M	-15.55M	-18.57M	-13.09M
Balance Sheet
Total Assets	138.42M	131.30M	130.30M	133.09M	137.61M	92.93M
Cash, Cash Equivalents and Short-Term Investments	39.89M	22.86M	23.68M	36.45M	40.80M	35.90M
Total Debt	52.79M	55.60M	50.92M	43.23M	3.65M	4.64M
Total Liabilities	88.40M	88.04M	93.31M	66.56M	30.70M	20.89M
Stockholders Equity	50.02M	43.26M	36.98M	99.89M	73.82M	72.05M
Cash Flow
Free Cash Flow	-7.04M	-12.54M	-11.94M	-50.68M	-21.80M	-16.29M
Operating Cash Flow	-6.95M	-12.31M	12.10M	-25.04M	-7.90M	-11.08M
Investing Cash Flow	-8.49M	-17.49M	-24.00M	-25.63M	-13.90M	-5.19M
Financing Cash Flow	31.17M	29.48M	-729.00K	45.29M	38.93M	21.77M

Seeing Machines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3.48 is above the 20-day moving average (MA) of 3.03, above the 50-day MA of 2.92, and above the 200-day MA of 2.86, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 65.65 is Neutral, neither overbought nor oversold. The STOCH value of 74.09 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKS	74 Outperform	£176.67M	60.88	7.35%	―	26.09%	32.43%
BGO	69 Neutral	£75.43M	―	-10.50%	―	6.40%	70.78%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CNS	61 Neutral	£52.50M	132.14	-9.83%	―	-5.43%	-292.31%
SEE	56 Neutral	£175.42M	―	-64.28%	―	-10.24%	33.33%
PCIP	50 Neutral	£34.78M	791.67	―	―	25.15%	―

Seeing Machines Corporate Events

Seeing Machines Expands European and Australian Markets with Strategic Partnerships

Seeing Machines Limited has entered a referral agreement with Mitsubishi Electric Europe B.V. to enhance driver safety in Europe by promoting its Guardian Generation 3 driver monitoring solution. This collaboration aims to leverage Mitsubishi Electric’s extensive network and relationships with truck and bus OEMs to comply with the European Union’s new Vehicle General Safety Regulations. Additionally, Seeing Machines has renewed its distributor agreement with Connect Source in Australia, marking its largest single order for Guardian Generation 3 to date, which will be implemented across 550 vehicles in a large Australian utility company’s fleet.

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.

Seeing Machines Expands European and Australian Market Reach with New Agreements

Seeing Machines Limited has entered a referral agreement with Mitsubishi Electric Europe B.V. to enhance driver safety in Europe, aligning with the EU’s new Vehicle General Safety Regulations. This collaboration aims to leverage Mitsubishi Electric’s extensive network to boost sales of Seeing Machines’ Guardian Generation 3 driver monitoring solution, particularly in the logistics and transportation sectors. Additionally, Seeing Machines has renewed its distributor agreement with Connect Source in Australia, securing a significant order from a large utility company, marking the company’s largest single order for Guardian Generation 3.

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.

Seeing Machines Launches Guardian Generation 3 Pilot with Mitsubishi Electric in North America

Seeing Machines Limited has launched a six-week pilot program for its Guardian Generation 3 aftermarket solution in collaboration with Mitsubishi Electric Automotive America, Inc. This initiative is part of a strategic partnership to boost sales in the Americas by leveraging Mitsubishi’s customer relationships. The pilot marks a significant step in enhancing vehicle safety and represents a promising opportunity in the competitive US connected vehicle market, with potential for substantial sales growth in the region.

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.

Seeing Machines Secures $1.2 Million Deal to Enhance Autonomous Vehicle Safety

Seeing Machines has secured a $1.2 million agreement to supply Guardian Backup-driver Monitoring Systems to a leading North American autonomous driving company. This collaboration highlights Seeing Machines’ pivotal role in advancing autonomous vehicle technology by ensuring safety and reliability through its monitoring systems. The integration of these systems into self-driving test vehicles is crucial for the expansion of autonomous mobility services, promising enhanced safety and efficiency in urban transportation.

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.

Seeing Machines Director Increases Stake with Significant Share Purchase

Seeing Machines Limited announced that Stephane Vedie, a non-executive director, purchased 619,500 ordinary shares at 2.35 pence each, increasing his total holding to 1,789,500 shares. This transaction reflects confidence in the company’s strategic direction and may positively influence stakeholder perception, reinforcing Seeing Machines’ commitment to advancing safety in transport through its innovative monitoring technology.