Seeing Machines reports strong growth in vehicles using its technology
In the first quarter, automotive production incorporating Seeing Machines' technology reached 405,669 units, up 6.4% from the previous quarter's 381,215 units and an 83% increase from 222,138 units a year ago. Annual recurring revenue for the quarter rose 13% to GBP13.6 million from GBP12.0 million a year prior.