Seeing Machines (SM) has announced that, as a result of a strong Q4 trading period, FY15 revenues are expected to be c A$18.9m (we are forecasting A$18.1m). Revenues were predominantly driven by sales of products and services to the mining industry, as well as some sales of the company’s new fleet product late in the period. We expect FY16 revenue growth to accelerate as the Caterpillar alliance matures and the group rolls out its new fleet product. We continue to believe the shares loo
10 Jul 2015
Strong Q4 sales
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Q4 sales
Seeing Machines Limited (SEE:LON) | 4.3 0 0.5% | Mkt Cap: 176.9m
- Published:
10 Jul 2015 - Author:
- Pages:
Seeing Machines (SM) has announced that, as a result of a strong Q4 trading period, FY15 revenues are expected to be c A$18.9m (we are forecasting A$18.1m). Revenues were predominantly driven by sales of products and services to the mining industry, as well as some sales of the company’s new fleet product late in the period. We expect FY16 revenue growth to accelerate as the Caterpillar alliance matures and the group rolls out its new fleet product. We continue to believe the shares loo