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Seeing Machines >
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Guidance for sales trebling despite cash constraints

  • 17 Oct 2017

Guidance for sales trebling despite cash constraints


Seeing Machines | SEE | 4.7 0 5.1% | Mkt Cap: 104.7m


  • finnCap
    • Lorne Daniel

    • 3 pages

IT Hardware image


 
IT Hardware image


The trading update notes an A$200m pipeline of opportunities; however, prudent resource constraints have forced a slowdown in spending on the Fleet business roll-out with a knock-on impact to this year’s revenue and losses. Since the sale of the Off-Road business to Caterpillar, Fleet is the main revenue-driving division. On the back of this update, we are easing our Fleet - and therefore group - revenue and earnings forecasts for FY 2018 and FY 2019. Nevertheless, Seeing Machines is st ....


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