Q3 2025 Tobii AB Earnings Call Transcript
Key Points
- Tobii AB (TBIIF) achieved a significant milestone with the launch of its single camera Driver Monitoring System (DMS) and Occupancy Monitoring System (OMS) at IAA Munich.
- The company has successfully reduced cash-related operating expenses by 30% compared to the same quarter last year.
- Tobii AB (TBIIF) has increased the number of OEMs using its solutions from 9 to 12, with deployment in over 875,000 vehicles.
- The AutoSense business segment is expected to show robust growth on a full-year basis, transitioning from non-recurring engineering (NRE) to license revenue.
- The company has set a new cost savings target to reduce cash-related operating expenses by SEK100 million over the next 12 months.
- Q3 2025 was a weak quarter for Tobii AB (TBIIF) with lower net sales and overall results due to the end of acquisition-related revenue and lower than expected revenue in all segments.
- The products and solutions segment experienced a year-on-year decline in revenue, particularly due to weakness in the US market.
- The integration segment faced challenges with fewer non-recurring revenue projects and the end of acquisition-related revenue.
- The AutoSense segment reported a negative EBIT of SEK42 million, despite slight improvements from the previous year.
- There is a risk of insufficient financing for the coming 12 months, prompting the company to explore strategic reviews and potential asset divestments.
Okay, thank you and welcome again everyone. This is Anand Srivaza. I'm the CEO of Toby. Joining me today is Olsa Viain, who's our interim CFO, along with Rasmus who heads our investor relations.
I want to remind you that I have announced my decision to resign from Toby in August of this year. My intention is to move back to the United States for family reasons, and my family has already relocated. I will remain with Toby in my current role until the end of January 2026, and the board is in the process of looking for a new CEO and at this point, we do not have any additional information to share on the process.
Now, let's move on to the quarterly results.
Q3 was a weak result for Toby on both the net sales basis as well as on overall results. The net sales reduction is related to the end of acquisition-related revenue, as well as lower than expected revenue in all three segments. In the products and solutions segment, we saw a year on year decline in revenue because of weakness in the US market, while other regions demonstrated growth. In the
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