London · Delayed Price · Currency is GBP · Price in GBX Seeing Machines Earnings Call Transcripts
Fiscal Year 2025
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The AGM covered progress toward cash flow break-even, regulatory and partnership advances, and Board changes. Shareholders approved all resolutions, and management addressed questions on trading, strategic trials, and governance.
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Auto royalties are set for substantial growth as new EU regulations take effect, with a strong pipeline and cost reductions positioning the business for profitability by year-end. Aftermarket and aviation segments are transitioning, and partnerships are opening new markets.
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Automotive royalties and aftermarket revenues were flat in H1 FY24, but cost reductions and the Gen 3 launch are expected to drive profitability. Regulatory mandates in Europe will boost royalty volumes 10x by mid-2026, supporting strong cash flow and repayment of the convertible note.
Fiscal Year 2024
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The AGM highlighted strong revenue growth, a solid cash position, and strategic regulatory tailwinds. The board expects to reach cash flow break-even in FY25 and remains focused on growth and cost management. All resolutions were supported and no shareholder questions were raised.
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Automotive and aftermarket segments showed strong growth, with margin expansion driven by new product launches and a shift toward higher-margin royalties. Cash burn reduced, and break-even targeted by end of FY25, despite ongoing industry volatility and working capital risks.