Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone talked with Proactive's Stephen Gunnion about the company’s latest announcement regarding an accelerated lump sum royalty payment of about US$14.1 million from a major automotive customer, its improving financial position, and key technology demonstrations at CES.
McGlone explained that the payment follows a material change to an automotive production program, enabling Seeing Machines to trigger contractual guarantees tied to minimum volumes or absolute payments. As a result, the company has negotiated the full value of expected royalties, discounted over five years, to be received as a lump sum and recognised this month. He described the outcome as “a very good deal for us,” noting that the revenue will flow directly through to profit and cash.
Importantly, McGlone emphasised that the payment is incremental to Seeing Machines’ existing trajectory. He confirmed that the company achieved a cash-flow breakeven run rate by the end of December, stating that “the December month was a cash flow positive and profitable month, the first for us.” He added that Seeing Machines is highly confident of profitability in the third and fourth quarters, meaning the entire second half is expected to be profitable, even without factoring in the accelerated royalty payment.
The discussion also covered Seeing Machines’ presence at CES, where the company is demonstrating advanced 3D interior perception mapping technology with partners including Valeo. McGlone highlighted growing opportunities across software-defined vehicles, robotics and autonomous vehicle applications, as well as progress in intoxication detection technology and future mobility initiatives.
To stay up to date with more interviews like this, visit Proactive’s YouTube channel, give the video a like, subscribe to the channel, and enable notifications so you never miss future content.
#SeeingMachines #PaulMcGlone #AutomotiveTechnology #DriverMonitoring #AutomotiveRoyalties #CashFlowPositive #Profitability #CES2026 #AutonomousVehicles #FutureMobility #ADAS #VehicleSafety #ProactiveInvestors
