Business
Key Performance Indicators Q3 FY2023
Key Performance Indicators Q3 FY2023.
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[{"type":"text","content":"\n\n \nSeeing Machines Limited (\"Seeing Machines\" or the \"Company\")\n \n \n4 May 2023\n \nKey Performance Indicators Q3 FY2023\n \nConsistent year on year growth across OEM and Aftermarket segments\n \nSeeing Machines Limited (AIM: SEE, \"Seeing Machines\" or the \"Company\"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, publishes quarterly Key Performance Indicators (\"KPIs\") for the quarter ended 31 March 2023.\n \nHighlights:\n \n- Cars on road increased by 177% over 12 months to 874,851 units (Q3 FY22: 341,835)\n- Guardian connections increased 30% over 12 months to 49,050 (Q3 FY2022: 37,791)\n- Guardian units sold, yet to be connected of 4,913 units\n- Exceeded 50,000 Guardian connection milestone as at 30 April 2023\n \nAutomotive:\n \n\n\n\n \n\n\nQ4 FY2022\n\n\nQ1 FY2023\n\n\nQ2 FY2023\n\n\nQ3 FY2023\n\n\n\n\nCars on road\n\n\n447,225\n\n\n559,302\n\n\n701,049\n\n\n874,851\n\n\n\n\n% Growth\n(Qtr on Qtr)\n\n\n31%\n\n\n25%\n\n\n25%\n\n\n25%\n\n\n\n\nQtr production\n\n\n105,390\n\n\n112,077\n\n\n141,747\n\n\n173,802\n\n\n\n\n% Growth\n(Qtr on Qtr)\n\n\n7%\n\n\n6%\n\n\n26%\n\n\n23%\n\n\n\n \nAftermarket (Guardian):\n \n\n\n\n \n\n\nQ4 FY2022\n\n\nQ1 FY2023\n\n\nQ2 FY2023\n\n\nQ3 FY2023\n\n\n\n\nMonitored connections\n\n\n39,892\n\n\n41,415\n\n\n46,018\n\n\n49,046\n\n\n\n\n% Growth\n(Qtr on Qtr)\n\n\n6%\n\n\n4%\n\n\n11%\n\n\n7%\n\n\n\n\nUnits sold, yet to be connected\n\n\n10,706\n\n\n9,698\n\n\n6,085\n\n\n4,913\n\n\n\n \nSeeing Machines is experiencing consistent, quarter on quarter growth in high-margin royalty revenue, as more cars start production, with significant growth over the year. This is expected to continue to increase as new programs start production despite the challenges facing the automotive industry such as seasonality, supply chain issues and global economic factors.\n \nIn Aftermarket, quarterly Guardian connections have grown steadily and units sold, yet to be connected, has decreased, contributing to annual recurring revenue. The monitored connections figure does not include additional hardware sales from Guardian upgrades, from Generation 1 to...