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Seeing Machines CEO Paul McGlone on Q3 growth & safety tech demand

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Manage episode 480940069 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone talked with Proactive about the company’s latest quarterly results and operational milestones. He highlighted strong growth across both the automotive and fleet businesses, reporting that Seeing Machines' technology is now installed in just under 3.25 million vehicles—a 77% increase compared to 12 months ago. McGlone noted, “We’ve returned to a really strong growth profile,” referencing a 34% increase in quarterly royalties compared to the previous quarter. These numbers are expected to climb sharply due to incoming European safety regulations. On the fleet side, commercial production of Guardian Generation 3 has officially commenced. The company posted nearly 1,200 unit sales in the quarter, with a target to reach 6,000 units per quarter by year-end. McGlone said the product offers “a dramatically different gross margin profile” and has begun to build a sales pipeline. He also discussed the collaboration with Mitsubishi, which includes sales efforts across Japan and the Americas. McGlone confirmed Seeing Machines has integrated planning and sales efforts with Mitsubishi to target new and existing customers. Visit Proactive’s YouTube channel for more insightful interviews. Don’t forget to like the video, subscribe to the channel, and enable notifications for future content. #SeeingMachines #AutomotiveSafety #GuardianGen3 #DriverMonitoring #FleetTechnology #PaulMcGlone #VehicleSafety #AutomotiveTech #Mitsubishi #ProactiveInvestors
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606 episodes

Artwork
iconShare
 
Manage episode 480940069 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone talked with Proactive about the company’s latest quarterly results and operational milestones. He highlighted strong growth across both the automotive and fleet businesses, reporting that Seeing Machines' technology is now installed in just under 3.25 million vehicles—a 77% increase compared to 12 months ago. McGlone noted, “We’ve returned to a really strong growth profile,” referencing a 34% increase in quarterly royalties compared to the previous quarter. These numbers are expected to climb sharply due to incoming European safety regulations. On the fleet side, commercial production of Guardian Generation 3 has officially commenced. The company posted nearly 1,200 unit sales in the quarter, with a target to reach 6,000 units per quarter by year-end. McGlone said the product offers “a dramatically different gross margin profile” and has begun to build a sales pipeline. He also discussed the collaboration with Mitsubishi, which includes sales efforts across Japan and the Americas. McGlone confirmed Seeing Machines has integrated planning and sales efforts with Mitsubishi to target new and existing customers. Visit Proactive’s YouTube channel for more insightful interviews. Don’t forget to like the video, subscribe to the channel, and enable notifications for future content. #SeeingMachines #AutomotiveSafety #GuardianGen3 #DriverMonitoring #FleetTechnology #PaulMcGlone #VehicleSafety #AutomotiveTech #Mitsubishi #ProactiveInvestors
  continue reading

606 episodes

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