{"id":84841,"date":"2026-02-11T11:40:35","date_gmt":"2026-02-11T14:40:35","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/891402501"},"modified":"2026-02-11T11:40:35","modified_gmt":"2026-02-11T14:40:35","slug":"seeing-machines-sees-ongoing-growth-in-automotive-aftermarket","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/11\/seeing-machines-sees-ongoing-growth-in-automotive-aftermarket\/","title":{"rendered":"Seeing Machines sees ongoing growth in automotive, aftermarket"},"content":{"rendered":"
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Seeing Machines<\/strong> reported continued growth in automotive production and a sharp increase in Guardian hardware sales in the second quarter of its 2026 financial year on Wednesday, as the company reiterated its expectation of positive adjusted EBITDA in the second half.<\/p>\n<\/div>\n

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For the quarter ended 31 December, the number of cars on the road fitted with the group\u2019s Driver and Occupant Monitoring System technology rose to 4,818,731 units, up 67% from 2,883,745 a year earlier.<\/p>\n

Quarterly automotive production reached 578,363 units, an increase of 13% from 510,167 in the first three months of the 2026 period and up 117% from 266,654 in the second quarter of 2025, extending a run of sequential growth.<\/p>\n

The company noted that automotive production volumes include actual volumes from programmes with minimum guaranteed volume arrangements.<\/p>\n

In the second quarter of 2026, actual production exceeded the minimum guaranteed volume for the quarter, although cumulative volumes remain below minimum guaranteed levels.<\/p>\n

Seeing Machines said it continued to deliver quarter-on-quarter growth in DMS shipments and expects royalty growth to accelerate as automotive OEMs increase DMS fitment rates ahead of the European General Safety Regulation mandate, effective July.<\/p>\n

While some new requests for quotation had been deferred, existing production programmes were expected to expand across European platforms as manufacturers moved to comply within the remaining regulatory timeframe.<\/p>\n

In aftermarket, Guardian hardware unit sales rose to 3,764 in the second quarter, up sharply from 368 in the prior quarter and 288 in the second quarter of 2025.<\/p>\n

Annual recurring revenue increased to $14m from $13.5m in the first quarter and $13.4m in the same period last year, reflecting the installation and connection of new units.<\/p>\n

Seeing Machines said Guardian generates recurring, high-margin service revenue, with customer contracts typically averaging around 36 months.<\/p>\n

\u201cWe are seeing increasing demand for our technology across automotive as OEMs prepare for regulatory change, reinforcing the long-term role of driver monitoring within vehicle safety architectures,\u201d said chief executive Paul McGlone.<\/p>\n

\u201cIn aftermarket, the step-up in Guardian sales activity is very encouraging and supports our focus on customers progressing through trial phases toward broader deployment.<\/p>\n

\u201cThe volumes achieved for automotive and Guardian sales mark steady progress from prior quarters.<\/p>\n

\u201cWe still expect to achieve positive adjusted EBITDA in the third quarter and for the second half – excluding the impact of the recently announced up-front royalty payment.\u201d<\/p>\n

The company said it expected to publish its first half trading update on 18 February.<\/p>\n

At 1341 GMT, shares in Seeing Machines were down 3.57% at 4.05p.<\/p>\n

Reporting by Josh White for Sharecast.com.<\/em><\/p>\n<\/div>\n

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… The company noted that automotive<\/span> production volumes include actual … growth to accelerate as automotive<\/span> OEMs increase DMS fitment … for our technology across automotive<\/span> as OEMs prepare for … \u00e2\u0080\u009cThe volumes achieved for automotive<\/span> and Guardian sales mark steady …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-84841","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/84841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=84841"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/84841\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=84841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=84841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=84841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}