Seeing Machines Limited (LSE:SEE) has reported a 285% year-on-year increase in automotive production volumes for the first quarter of FY2027, with its driver and occupant monitoring technology now installed in more than 10 million vehicles on the road.
The Australia-headquartered computer vision technology company reported that 1,963,046 vehicles incorporating its Driver and Occupant Monitoring System (DMS/OMS) technology were produced during the quarter ended September 30, 2026, compared with 510,167 in the corresponding period last year.
The total number of vehicles on the road equipped with Seeing Machines technology reached 10,179,189, representing a 140% increase from 4,240,368 a year earlier.
In its Aftermarket business, Guardian hardware sales increased by 188% to 1,058 units, while annual recurring revenue (ARR) from Guardian monitoring services rose by 13% to US$15.3 million.
The company attributed the increase in automotive production volumes partly to the implementation of the European General Safety Regulation (GSR), which has introduced driver monitoring requirements for new vehicles.
Seeing Machines reported automotive production of 1,963,046 units during Q1 FY2027, compared with 510,167 units in Q1 FY2026.
Although production increased substantially year-on-year, volumes were 7% below the record 2,112,855 units reported in the preceding quarter.
The company said the sequential decline was consistent with European automotive sales trends during the period.
The latest figures represent the second consecutive quarter in which production of vehicles incorporating Seeing Machines technology approached or exceeded two million units.
Production over the 12 months ended September 30, 2026, totalled 5,938,821 vehicles, an increase of 266% from 1,623,277 vehicles during the preceding 12-month period.
Seeing Machines said the increase reflects vehicle manufacturers incorporating camera-based driver monitoring systems into new models to meet regulatory requirements.
The company expects automotive production volumes to remain around the current level as manufacturers continue producing vehicles compliant with European safety regulations.
These production volumes support the company's automotive royalty revenue model, although the quarterly KPI announcement did not disclose the associated royalty revenue.
The cumulative number of vehicles on the road incorporating Seeing Machines DMS/OMS technology reached 10,179,189 at September 30, 2026.
This compares with 4,240,368 vehicles at the same point last year, representing growth of approximately 140%.
Seeing Machines develops computer vision systems that monitor driver attention and behaviour, alongside occupant monitoring capabilities.
The technology uses cameras, embedded processing and artificial intelligence algorithms to assess driver-related information, including where a driver is looking and indicators associated with distraction or fatigue.
Its systems are integrated into vehicles by automotive manufacturers and technology partners.
The company said the European GSR requirements have contributed to an increase in production volumes as manufacturers expand the use of driver monitoring technology.
Seeing Machines reported sales of 1,058 Guardian hardware units during the first quarter of FY2027, compared with 368 units in the corresponding period last year.
However, quarterly sales were below the 3,058 units recorded in Q4 FY2026.
Guardian is the company's…
