Significant EBIT Improvement
The company delivered a significant EBIT improvement year-on-year for Q3, with an improvement of SEK 52 million compared to last year.
Strong Total Growth
Total growth for the quarter was 40%, supported by the acquisition of FotoNation. The gross margin increased to 80% from 75% last year.
Cost Reduction Initiatives
The company has made progress in reducing cash-related operational expenses, with a reduction of over SEK 50 million in Q3 compared to Q2.
AutoSense Business Segment Progress
The AutoSense segment has over 550,000 vehicles on the road with Tobii technologies, and the company is making progress with existing OEM programs.
Integration Segment Profitability
The Integration segment delivered 51% of the company's overall revenue and achieved a profitability of SEK 49 million.