Seeing Machines DMS growth accelerates in Europe

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) CEO Paul McGlone and CFO Martin Ive talked with Proactive about the company’s FY2026 performance, the rapid growth of its driver monitoring systems (DMS) business and the outlook for FY2027. McGlone described FY2026 as a pivotal year as Seeing Machines moved from engineering programmes with automotive customers into large-scale production and higher-margin royalty revenues. Automotive production volumes increased by just under 200% to 4.5 million vehicles during the year, taking the number of vehicles on the road using Seeing Machines technology to more than 8.2 million. Revenue increased by around 45% to just over US$76 million, while the company delivered a profitable second half. McGlone said the improvement was driven fundamentally by increasing royalty revenues and demonstrated the operating leverage within the business model. The executives also discussed the impact of the European Union’s General Safety Regulation. From 7 ...