Q2 2025 Tobii AB Earnings Call Transcript
Key Points
- Tobii AB (TBIIF) reported a significant improvement in free cash flow for Q2 2025, increasing by nearly SEK200 million compared to Q2 2024.
- The company achieved SEK263 million in cash-related OpEx savings, surpassing their target of SEK200 million.
- Tobii AB (TBIIF) launched the new Glasses X product, a cloud-native wearable eye tracker, which is expected to enhance customer workflows in market research and training assessment.
- The company achieved homologation in the European Union for its single camera DMS and OMS offering, enhancing its credibility in the automotive segment.
- Tobii AB (TBIIF) reported a positive EBIT of SEK24 million for Q2 2025 and maintained a positive EBIT on a rolling 12-month basis.
- The Products & Solutions business segment reported an EBIT of minus SEK59 million, impacted by onetime write-offs.
- The Autosense business segment, while showing improvement, still reported a negative EBIT of minus SEK28 million.
- The company experienced a decrease in revenue in the Products & Solutions segment, attributed to uncertainty in the Americas and lower demand in the gaming sector.
- Currency fluctuations negatively impacted revenue by 4% in the quarter.
- The acquired imaging-related revenue of SEK25 million from FotoNation will not continue beyond Q2 2025, impacting future revenue streams.
Welcome again, everyone. Joining me today on this Q2 earnings presentation is Asa Wiren, our Interim CFO. And I'm going to walk you through some of our results and also will talk you through some of the detailed financials. Now in the second quarter, Tobii continued to execute on our communicated strategies to stay on a path of sustained profitability and improved cash flow.
Specifically, at the end of Q1, we shared our intention to strengthen our cash position and to continue a strategic review to focus our business via cost reductions and portfolio optimization.I am pleased that we can clearly demonstrate progress on all of these fronts. Our free cash flow for Q2 2025 improved by nearly SEK200 million versus Q2 2024.
A significant contributor to the improved cash flow was the new agreement we signed with Dynavox Group, which included a SEK100 million prepurchase of components. On the cost reduction front, we have achieved SEK263 million of cash-related OpEx savings versus our Q2 2024 baseline, significantly exceeding the SEK200
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