(via NewsDirect)
McGlone highlighted a strong financial position with over
He emphasised the absence of a need for additional funding, thanks to a projected increase in high-margin software royalties from the automotive sector, which are expected to significantly boost cash flow.
McGlone also shared optimism about achieving consensus revenue targets, noting a historical trend of stronger performance in the second half of the financial year. Despite a dip in automotive volumes in the recent quarter, McGlone pointed to the early stages of royalty growth and external economic factors as reasons for variability, maintaining confidence in long-term growth targets.
Looking ahead, McGlone anticipates an uptick in cars featuring Seeing Machines’ technology, driven by increasing market demand for semi-autonomous driving features and regulatory requirements. The company’s focus on high-margin royalty revenues within the automotive business is expected to underpin growth and profitability, with significant revenue projections for financial year 2026 based on already secured business.
Additionally,
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