Business
Trading Update & Fleet, Rail and Off-Road Update
Trading Update & Fleet, Rail and Off-Road Update.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 2507E Seeing Machines Limited 08 February 2018 \n\nSeeing Machines Limited\nTrading Update\nPublication of Fleet, Rail and Off-Road Update\n \n8 February 2018\nSeeing Machines Limited (AIM: SEE) (\"Seeing Machines\" or the \"Company\"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, is today publishing a Fleet, Rail and Off-Road Update for the period ending 31 December 2017. For access to the latest Fleet, Rail and Off-Road Update, please click here or visit www.seeingmachines.com/announcements.\nSeeing Machines' Group trading for the current financial year remains in line with expectations. Fleet total contract value (\"TCV\") signed with customers, but not yet delivered nor recognised as revenue, has increased from A$21.5 million at 30 June 2017 to A$36.4 million at 31 December 2017. Financial results for the six months to 31 December 2017 will be released on Tuesday 13 March 2018 in London. The Company expects to report Group revenue for the six months to 31 December 2017 in excess of A$14 million (unaudited).\nThe Company successfully raised £35m through a placing with institutional investors announced in December 2017 and a further £2.4 million through an offer to existing shareholders. These proceeds will enable further investment in the ongoing development of the FOVIO driver monitoring platform technology and continued product improvement across all industry verticals to scale the Company's global footprint and meet increased customer demand. \n \n \nEnquiries:\n\n\n\n\nSeeing Machines Limited\n\n\nwww.seeingmachines.com / +61 2 6103 4700\n\n\n\n\nKen Kroeger, Executive Chairman & Interim CEO \nMedia inquiries\n \n\n\[email protected]\[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nfinnCap Ltd (Nominated Adviser and Joint Broker)\n\n\n+44 20 7220 0500\n\n\n\n\nEd Frisby / Emily Watts, Corporate Finance\nTim Redfern / Richard Chambers, Corporate Broking\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Genuity Limited (Joint Broker)\n\n\n+44 20 7523 8000\n\n\n\n\nSimon Bridges\nRichard Andrews\nAlexander Napier\n\n\n\n\n\n\n\n \nThe information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2...