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Epic & Msn data
Epic SEE
Time: 07:50:52
Mid Price: 1.63
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 3.38
Fifty Two Week Low: 1.63
Market Capital: 5.07
Period & price data
Period Price
Now: 1.63
3 Months ago: 1.88
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: Technology
News: Latest news
Web Site: Seeing Machines
Other Articles: 26-08-200823-07-2008

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Seeing Machines

Seeing Machines is engaged in the research, development and production of advanced computer vision systems for research in human performance measurement, advanced driver assistance systems, transportation, biometric acquisition, situational awareness, robotics and medical applications.

Seeing Machines most advanced product is called faceLAB and provides head and face tracking, eye, eyelid and gaze tracking for human subjects within a 3-dimensional volume using a completely non-contact, video-based sensor.

Company information about: Seeing Machines
Wednesday, September 24, 2008

Seeing Machines reports maiden profit

Seeing Machines (AIM: SEE), the imaging software systems specialist, reported its maiden profit this morning in its full year results for the year ended 30 June 2008.


Financial Highlights included revenues up an impressive 55% to A$4.4 million, profits before tax leapt to A$0.327 million (2007: loss  A$0.467 million) and earnings per share climbed to 0.11 cents (2007: loss per share of 0.18 cents).  Seeing Machines also confirmed that at the end of the period it had cash reserves of A$2.77 million, double the level in the previous year.


Seeing Machines boosted its cash reserves after successfully raising A$3.2 million in October 2007 to assist in the continuing development, commercialisation and expansion of its products.


Of particular note, the group’s faceLAB product achieved its highest sales ever, of A$2.51 million during the financial year.


Fulton Muir, Chairman, stated:


“The 2008 financial year, with its significant revenue diversification and revenue growth along with our maiden profit was a tremendous result for the company and provides a strong foundation for our forward development. In the current financial year we are aiming to build on these recent successes with further strong sales of faceLAB® and the DSS and the launch of faceAPI and the TrueField® Analyzer'”

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This document has not been written for the specific needs of any particular person and it is not possible to take into account each investor’s individual circumstances and that investors should make their adviser aware of their particular needs before acting on any information or recommendation. Proactive Investors Australia Pty Ltd Limited, its employees, consultants and its associates within the meaning of Chapter 7 of the Corporations Law may receive commissions, underwriting and management fees, calculated at normal client rates, from transactions involving securities referred to in this document and may hold interests in the securities referred to in this document from time to time.

Disclosure of Interest

Proactive Investors Australia Pty Ltd and its associates may have owned shares in the above company as at the date of the report. This position is subject to change without notice.