Business
Final Results - Replacement
Final Results - Replacement.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n Seeing Machines Limited\n19 October 2006\n\n\n19 October 2006\n\nThis announcement replaces the RNS announcement (reference 7196K) released at\n11.27am Thursday 19th October 2006 clarifying that all currency stated within\nthe announcement is in Australian Dollars.\n\n\n SEEING MACHINES LIMITED\n ('SEEING MACHINES' OR 'THE COMPANY')\n\n\n FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2006 (AUDITED)\n\n\nSEEING MACHINES LIMITED (AIM: SEE) TODAY ANNOUNCES ITS AUDITED FINANCIAL RESULTS\nFOR THE YEAR ENDED 30 JUNE 2006.\n\n\nFinancial Highlights\n\n • Revenue from sale of goods up 70% to A$2,407,228 (2005: A$1, 414,903)\n • Total revenue (includes contract revenue and other income) increased 12%\n to A$3,092,854 (2005: A$2,768,162)\n • Net loss decreased 89% to A$135,077 (2005: A$1,228,908) through the\n increase in faceLAB(TM) sales and tight control over expenditure.\n • Cash increased to A$2,407,053 (2005: A$663,213) following successful\n December 2005 IPO (raised £1.65million/A$3.8m) and highest ever faceLAB(TM)\n sales figures of A$2,407,228\n\nOperational Highlights\n\n • two versions of flagship faceLAB(TM) product released during the year;\n • significant progress on the glaucoma diagnostic device including\n completion of several scientific trials and clinical study; second clinical\n study commenced, prototype of production device and the software;\n • prestigious R&D award and Innovation award for the glaucoma project;\n • completion of the prototype driver monitoring system (for detection of\n fatigue) with Hella KGaA Heuck & Co;\n • first field trial of the Fatigue Detection System with Schlumberger Inc.,\n a leading global oilfield services provider;\n • May 2006: US patent granted for the 'facial image processing system' - the\n core technology underpinning many of the company's projects;\n • February 2006: US patent granted for 'assessing neural function by sparse\n stimuli' - one of the core technology patents underpinning the glaucoma\n testing device;\n • new patent filed in November 2005 relating to robust tracking of subjects\n wearing eye glasses;\n • commencement of the faceAPI(TM) project which will make the company's key\n technologies available to third-party application developers for easy use\n and deployment in a wide variety of applications\n • first sales of the ...