Tobii AB ( (TBIIF) ) has released its Q4 earnings. Here is a breakdown of the information Tobii AB presented to its investors.
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Tobii AB is a global leader in eye tracking and attention computing solutions, serving industries such as scientific research, gaming, extended reality, assistive technology, and automotive interior sensing.
In its latest earnings report for 2024, Tobii AB announced a notable improvement in its financial performance, highlighted by a positive EBIT of SEK 50 million in the fourth quarter, a significant increase from the previous year’s loss. The company also secured two new design wins with a Japan-based automotive partner, enhancing its market position.
The company’s net sales increased by 11% to SEK 284 million in the fourth quarter, despite a 22% organic decline. The gross margin improved to 84%, reflecting a favorable product mix. Tobii’s cost reduction program contributed to the improved EBIT, with SEK 73 million in savings achieved by the end of the year. However, the company reported a full-year loss of SEK 177 million, with free cash flow at negative SEK 345 million due to substantial R&D investments following the acquisition of FotoNation/AutoSense.
Tobii’s strategic initiatives, including the integration of Autosense and ongoing cost reduction measures, are expected to streamline operations and enhance profitability. The company remains focused on achieving a positive free cash flow by 2026, with a target operating margin of 10% for the same year.
