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 July, new vehicles in Europe require camera-based driver monitoring technology, which McGlone described as a significant industry milestone and an important driver of the company’s long-term royalty opportunity.
Automotive production volumes reached more than 2.1 million vehicles in the fourth quarter, representing a 64% increase from the previous quarter.
Ive said automotive royalty revenue increased by around 135% in FY2026 compared with FY2025, excluding a one-off upfront royalty payment. He also highlighted disciplined cost management and positive adjusted EBITDA in the second half.
Looking into FY2027, Seeing Machines expects continued royalty growth, further OEM programme launches, expansion of its interior sensing and impairment detection capabilities, growth in Guardian recurring revenue and further development of opportunities in future mobility and autonomous vehicles.
Visit Proactive’s YouTube channel for more interviews and company updates. If you found this video useful, give it a like, subscribe to the channel and enable notifications so you do not miss future content.
Read Proactive's Editorial Policy here.
