Proactive - Interviews for investors

Seeing Machines reports Q1 KPIs; eyes major US Guardian expansion

Episode Summary

Seeing Machines Ltd's (AIM:SEE, OTC:SEEMF) CEO Paul McGlone and CFO Martin Ive talked with Proactive about the company’s latest KPI update, automotive momentum and a new US aftermarket deal. McGlone said that while aftermarket volumes saw some Q1 slippage, it was due to contract complexity and timing, noting, “We’re actually very confident that we will get to where we want to be by the end of this year.” A key focus of the interview was the company’s new aftermarket customer in the US, with an initial order of 1,100 Guardian units. “Our technology was proven through trial in a competitive environment,” McGlone explained, adding that full deployment potential with this fleet could reach the high tens of thousands of units. In automotive, McGlone reported growing royalty volumes and reaffirmed confidence in volume growth as the EU’s General Safety Regulation (GSR) deadline of July 2026 approaches. The CFO confirmed the company remains on track to hit its cash flow breakeven run rate by the end of 2025. Ive outlined operational targets, including 750,000 units in auto royalties and 6,000 Guardian unit sales in Q2, stating: “We expect to achieve that number of Guardian sales.” For more videos from Proactive, don’t forget to give this video a like, subscribe to our channel, and enable notifications so you never miss an update. #SeeingMachines #GuardianTechnology #DriverMonitoring #FleetSafety #AutomotiveTech #GSR2026 #CashFlow #FleetManagement #InCabSafety #ProactiveInvestors