Seeing Machines shares rise 6% as auto recovery and Gen 3 rollout lift sentiment
Last updated: 08:30 01 May 2025 EDT, First published: 08:23 01 May 2025 EDT
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) rose 6% on Thursday after its third-quarter update showed a solid rebound in automotive production and encouraging early sales of its next-generation Guardian Gen 3 product.
Automotive volumes hit 358,000 units in the quarter, up 34% from the previous quarter and 14% year-on-year. While still below the Q1 peak, both Peel Hunt and Stifel described the recovery as reassuring, with Stifel noting that the company has now surpassed 3.24 million cars on the road using its driver monitoring systems.
Guardian Gen 3, the company’s new safety system for commercial vehicles, also showed early traction, with unit sales more than quadrupling from 288 in Q2 to 1,151 in Q3.
Management expects a production run rate of 6,000 units per quarter by the end of June, positioning Gen 3 as a significant contributor in FY26.
Peel Hunt highlighted the recent tariff reduction from Indonesia to 10%, which should allow Gen 3 to be priced competitively in the US market. Meanwhile, Stifel sees further upside as new automotive programmes roll out in advance of the July 2026 European mandate for in-car driver distraction warnings.
Both brokers pointed to attractive valuation metrics and renewed investor confidence. Cost control remains key, with Peel Hunt noting the company’s focus on reaching breakeven early in FY26.
After delays and production hiccups, Seeing Machines appears back on track, and investors are starting to take notice.
The shares motored 0.11p to 1.82p.
