Earnings Release • May 4, 2023
Earnings Release
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⚫ Tobii announced that it has been selected by the world's largest automotive tier-1 supplier based in Germany to deliver its software for driver monitoring systems (DMS) to 25 heavy vehicle models from a European OEM.
| SEK m (except for earnings per share) | Q1 2023 |
Q1 2022 |
Change | Organic change |
Full year 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Products & Solutions | 138 | 139 | -1% | -6% | 513 |
| Integrations | 31 | 32 | -2% | -9% | 264 |
| Total | 168 | 171 | -2% | -7% | 776 |
| Operating profit/loss from continuing operations (EBIT) | -53 | -45 | - | - | -122 |
| Profit/loss from discontinued operations | 0 | -1 | - | - | -1 |
| Net profit/loss for the period | -57 | -42 | - | - | -99 |
| Earnings per share (SEK) | -0.55 | -0.43 | -0.99 | ||
| - whereof continuing operations | -0.55 | -0.42 | -0.99 | ||
| Cash flow after continuous investments | 46 | -48 | -32 |
During the quarter, we have made substantial progress on many fronts, including in key customer engagements in XR and Automotive. Most notably, this was demonstrated after the quarter end in our breakthrough DMS design win with the world´s largest automotive tier 1 supplier. This design win is with a commercial vehicle manufacturer, with several brands, headquartered in Europe. I expect this to be the first of multiple design wins over the course of the year.
When we entered this market, our ambition was to create a leading solution with the highest robustness, easiest integration, and lowest total cost of ownership. Our software for DMS is highly competitive and we can now succeed in establishing Tobii in the industry. We have continued to mature our engagements with multiple tier 1s, OEMs, and other partners. Our aim is clear - to attain a market-leading position. The automotive DMS software industry is expected to be a multibillion-SEK-a-year market over the next decade. This adds another significant market for our core technologies and enables efficient leverage of development and investments across multiple verticals.
Q1 2023 revenues declined 7 percent organically. In our Products & Solutions segment, the weakness was primarily attributed to continued headwinds with enterprise customers. In the Integrations segment, we saw a low level of engineering revenues (NREs) recognized in the quarter and we did not receive any license revenue from Sony as they consumed the licenses they have procured in 2022.
We are confident about the potential of our Integrations segment for the full year. As we highlighted in our record fourth quarter of 2022, our business can vary significantly between quarters. Thus, to form a more accurate view, our underlying financial performance should be viewed over a longer time horizon.
We had another quarter with positive cash flow, generating SEK 46 million in cash flow after continuous investments, which resulted in a sound cash position of SEK 439 million. This was supported by SEK 63 million in deferred tax related to covid-relief. We have also signed a SEK 50 million revolving credit facility, giving us a strong liquidity position.
The macroeconomic turbulence in the last few quarters has created challenging financing conditions for many companies, with more M&A opportunities at attractive valuations as a result.
During the first quarter, we acquired Oculid. Based in Germany, Oculid has a leading solution for cloud-based mobile user research. By joining forces, we will fast-track our product development, create a more complete offering for Tobii and accelerate the commercialization of Oculid´s product. The Oculid deal is similar to our acquisition of Phasya in 2021, which provided us with key complementary technology that accelerated our path to success in DMS.
We expect to continue to be highly selective and prudent in our acquisition strategy going forward.
2023 is already a milestone year for Tobii. Tobii is achieving mass market scale for the first time, with millions of users experiencing the power of eye tracking with the PSVR 2. 2023 is even more significant now that we have succeeded in breaking into another large market vertical, automotive DMS. I look forward to capping off this year by once again being EBIT profitable in Q4 2023.
Anand Srivatsa CEO

Anand Srivatsa CEO, Tobii
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Revenue | 168 | 171 | 776 |
| Revenue change: | -2% | ||
| - of which organic | -7% | ||
| - of which currency | 5% | ||
| Gross profit | 122 | 122 | 590 |
| Gross margin | 73% | 71% | 76% |
| EBITDA | -16 | -5 | 27 |
| EBITDA margin | -10% | -3% | 4% |
| Operating profit/loss (EBIT) | -53 | -45 | -122 |
| EBIT margin | -32% | -27% | -16% |

| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Revenue | 137 | 139 | 513 |
| Revenue change: | -1% | ||
| - of which organic | -6% | ||
| - of which currency | 5% | ||
| Gross profit | 94 | 122 | 353 |
| Gross margin | 68% | 71% | 69% |
| SEK m | 2023 | 2022 |
|---|---|---|
| Total R&D expenditures | -91 | -71 |
| Capitalization | 54 | 42 |
| Amortization | -29 | -33 |
| R&D expenses in the income statement |
-65 | -61 |
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Revenue | 31 | 32 | 264 |
| Revenue change: | -2% | ||
| - of which organic | -9% | ||
| - of which currency | 7% | ||
| Gross profit | 28 | 25 | 235 |
| Gross margin | 91% | 76% | 89% |

Revenue was SEK 168 million (171), corresponding to organic decline of 7%.
Revenue in Products & Solutions was SEK 137 million (139), corresponding to organic decline of 6%. Revenue contracted primarily because of continued challenges in sales to enterprise customers. On the other hand, our gaming peripheral Eye Tracker 5 continued to show very strong growth.
Revenue in Integrations was SEK 31 million (32), corresponding to an organic decline of 9%. The revenue decline is a result of low levels of engineering revenues related to integration projects, and timing of license revenues from XR. Tobii received no license revenues from Sony in the quarter, as they consumed the licenses they have procured in 2022.
The gross margin was 73% (71%).
Products & Solutions´ gross margin was 69% (71%). The gross margin decline is explained by a product mix shift towards our gaming peripheral Eye Tracker 5.
Integrations´ gross margin was 91% (76%). The improvement in gross margin is related to product mix shift from hardware to software.
Operational expenses increased mainly because of an increase in R&D investments in XR and Automotive.
The operating result was SEK -53 million (-45) and the operating margin was -32% (-27%). Net financial items amounted to SEK -4 million (3) and included SEK -1 million (4) in
currency translation effects on balance sheet items, SEK -4 million (-1) of interest expenses related to covid tax reliefs and financial leases under IFRS 16, and SEK 1(-) million in interest income.
Profit/loss before tax was SEK -57 million (-42). There was no profit or loss from discontinued operations during the period (SEK -1 million). The net profit for the period was SEK -57 million (-41) and diluted earnings per share reached SEK -0.55 (-0.42).
Cash flow from operating activities before changes in working capital amounted to SEK -16 million (-5). Change in working capital amounted to SEK 123 million (-1), of which SEK 63 million related to deferral of tax related to covid-reliefs.
Investments in intangible, tangible, and financial fixed assets amounted to SEK 61 million (42), of which SEK 54 million (42) was capitalization of R&D costs. Cash flow after continuous investments was SEK 46 million (-48) and adjusted for the covid-reliefs it amounted to SEK -17 million (-48).
Financing activities contributed SEK -8 million (13).
At the close of the period, Tobii had SEK 439 million (402) in cash. Consolidated net cash totaled SEK 375 million (314), including SEK 49 million (72) in IFRS 16 finance leases.
The number of FTEs, excluding consultants, on average during the period was 536 (501).
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Continuing operations | |||
| Revenue | 168 | 171 | 776 |
| Cost of goods and services sold | -45 | -49 | -186 |
| Gross profit | 122 | 122 | 590 |
| Selling expenses | -79 | -77 | -313 |
| Research and development expenses | -65 | -61 | -278 |
| Administrative expenses | -33 | -35 | -144 |
| Other operating income and operating expenses | 2 | 6 | 24 |
| Operating profit/loss (EBIT) | -53 | -45 | -122 |
| Net financial items | -4 | 3 | 30 |
| Profit/loss before tax | -57 | -42 | -99 |
| Tax | 0 | 1 | 0 |
| Net profit/loss for the period from continuing operations | -57 | -41 | -99 |
| Discontinued operations | |||
| Net profit/loss for the period from discontinued operations | - | -1 | -1 |
| Net profit/loss for the period | -57 | -42 | -99 |
| Other comprehensive income | |||
| Items that may subsequently be reclassified to profit or loss for the period: |
|||
| Translation differences | 2 | -3 | -19 |
| Other comprehensive income for the period, net after tax | 2 | -3 | -19 |
| Total comprehensive income for the period | -55 | -45 | -119 |
| Earnings per share, SEK | -0.55 | -0.43 | -0.99 |
| - whereof continuing operations | -0.55 | -0.42 | -0.99 |
| Earnings per share, diluted, SEK | -0.55 | -0.43 | -0.99 |
| - whereof continuing operations | -0.55 | -0.42 | -0.99 |
| Net profit/loss for the period attributable to: | |||
| Parent company shareholders | -58 | -43 | -100 |
| Non-controlling interests | 1 | 1 | 0 |
| Total comprehensive income for the period attributable to: | |||
| Parent company shareholders | -56 | -46 | -119 |
| Non-controlling interests | 1 | 1 | 0 |
| SEK m | Mar 31 2023 |
Mar 31 2022 |
Dec 31 2022 |
|---|---|---|---|
| NON-CURRENT ASSETS | |||
| Intangible assets | 449 | 377 | 423 |
| Tangible fixed assets | 14 | 12 | 8 |
| Right-of-use assets | 49 | 61 | 52 |
| Financial and other non-current assets | 71 | 82 | 72 |
| Total non-current assets | 584 | 532 | 555 |
| CURRENT ASSETS | |||
| Accounts receivable | 84 | 109 | 132 |
| Inventories | 67 | 55 | 65 |
| Other current receivables | 49 | 60 | 70 |
| Cash and cash equivalents | 439 | 402 | 402 |
| Total current assets | 639 | 626 | 669 |
| Total assets | 1,223 | 1,157 | 1,224 |
| SHAREHOLDERS' EQUITY | |||
| Shareholders' equity, Parent Company shareholders | 699 | 816 | 752 |
| Non-controlling interests | 3 | 2 | 2 |
| Total shareholders' equity | 701 | 818 | 754 |
| LIABILITIES | |||
| NON-CURRENT LIABILITIES | |||
| Interest-bearing loans | 15 | 16 | 16 |
| Leasing liabilities | 22 | 44 | 25 |
| Other non-current liabilities | 32 | 23 | 33 |
| Total non-current liabilities | 68 | 83 | 73 |
| CURRENT LIABILITIES | |||
| Leasing liabilities | 27 | 28 | 28 |
| Other current liabilities | 426 | 229 | 369 |
| Total current liabilities | 453 | 256 | 397 |
| Total liabilities | 522 | 339 | 470 |
| Total equity and liabilities | 1,223 | 1,157 | 1,224 |
| Attributable to Parent Company shareholders |
|||||||
|---|---|---|---|---|---|---|---|
| SEK m | Share capital |
Other contrib uted capital |
Reserv es |
Retained earnings |
Total | Non controlling interests |
Total equity |
| Opening balance, Jan 1, 2022 |
1 | 1,976 | -21 | -1,116 | 840 | 2 | 842 |
| Comprehensive income for the period |
-3 | -43 | -46 | 1 | -46 | ||
| New share issue, exercise of warrants incentive programs |
0 | 20 | 20 | 20 | |||
| Share based payments settled using equity instruments |
2 | 2 | 2 | ||||
| Closing balance, Mar 31, 2022 |
1 | 1,996 | -24 | -1,157 | 816 | 2 | 818 |
| Opening balance, Jan 1, 2023 |
1 | 1,996 | -40 | -1,205 | 752 | 2 | 754 |
| Comprehensive income for the period |
2 | -58 | -56 | 1 | -55 | ||
| New share issue | |||||||
| Share based payments settled using equity instruments |
2 | 2 | 2 | ||||
| Closing balance, Mar 31, 2023 |
1 | 1,997 | -38 | -1,260 | 699 | 3 | 701 |
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Cash flow from operating activities | |||
| Profit/loss after financial items, continuing operations | -57 | -42 | -99 |
| Adjustment for items not included in the cash flow | 43 | 38 | 142 |
| Taxes paid | -2 | -1 | -2 |
| Cash flow from operating activities before change in working capital |
-16 | -5 | 41 |
| Cash flow from change in working capital | 123 | -1 | 96 |
| Cash flow from operating activities | 107 | -6 | 136 |
| Investments in intangible, tangible and financial fixed assets | -61 | -42 | -169 |
| Cash flow after continuous investments | 46 | -48 | -33 |
| Cash flow after investments | 46 | -48 | -33 |
| Interest-bearing debt, including Bond issue | -1 | -0 | -1 |
| New share issue, net of issue costs | 0 | - | - |
| Exercise of warrants, incentive program | - | 20 | 21 |
| Instalments of leasing liability IFRS 16 | -7 | -7 | -27 |
| Other financing activities, net¹ | - | 0 | -0 |
| Cash flow from financing activities | -8 | 14 | -8 |
| Cash flow for the period, continuing operations | 38 | -35 | -41 |
| Cash flow for the period, discontinued operations | - | -1 | -1 |
| Cash flow for the period, total | 38 | -36 | -42 |
| Cash and cash equivalents at the beginning of the period | 402 | 438 | 438 |
| Foreign currency translation, cash and cash equivalents | -1 | -0 | 5 |
| Cash and cash equivalents at the end of the period | 439 | 402 | 402 |
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| REVENUE BY PRODUCT CATEGORY | |||
| Hardware | 117 | 109 | 413 |
| Software | 22 | 33 | 254 |
| Services | 27 | 28 | 109 |
| Total revenues | 168 | 171 | 776 |
| REVENUE BY TIMING CATEGORY | |||
| At a point in time | 166 | 166 | 757 |
| Over time | 1 | 5 | 19 |
| Total revenues | 168 | 171 | 776 |
| REVENUE BY GEOGRAPHIC MARKET | |||
| Europe | 45 | 51 | 206 |
| North America | 44 | 39 | 211 |
| Other countries | 78 | 81 | 359 |
| Total revenues | 168 | 171 | 776 |
| Q1 2023 |
Q1 2022 |
Full year 2022 |
|
|---|---|---|---|
| Earnings per share, SEK | -0.55 | -0.43 | -0.99 |
| - whereof continuing operations | -0.55 | -0.42 | -0.99 |
| Earnings per share, diluted, SEK¹ | -0.55 | -0.43 | -0.99 |
| - whereof continuing operations | -0.55 | -0.42 | -0.99 |
| Equity per share, SEK | 7 | 8 | 7 |
| EBITDA, continuing operations, SEK m | -16 | -5 | 27 |
| EBIT, continuing operations, SEK m | -53 | -45 | -122 |
| Cash flow from operating activities, SEK m | 107 | -6 | 136 |
| Cash flow after continous investments , SEK m | 46 | -48 | -33 |
| Working capital, SEK m | -226 | -6 | -102 |
| Total assets, SEK m | 1,223 | 1,157 | 1,224 |
| Net cash(+)/net debt (-), SEK m | 375 | 315 | 334 |
| Net cash(+)/net debt (-); IFRS 16 Leasing excluded, SEK m | 425 | 386 | 386 |
| Equity, SEK m | 701 | 818 | 754 |
| Average equity, SEK m | 725 | 833 | 773 |
| Equity/assets ratio, % | 57 | 71 | 62 |
| Debt/equity, % | 9 | 11 | 9 |
| Gross margin, continuing operations, % | 1 | 71 | 100 |
| EBITDA margin, continuing operations, % | -10 | -3 | 4 |
| Operating margin, continuing operations, % | -32 | -27 | -16 |
| Return on total equity, % | -8 | -5 | -13 |
| Average number of outstanding shares | 105,917,100 | 99,700,000 | 105,689,377 |
| Average number of outstanding shares after dilution | 107,854,300 | 102,900,000 | 106,248,832 |
| Number of outstanding shares at period end | 105,917,700 | 99,800,000 | 104,851,201 |
| Number of outstanding shares after dilution at period end | 105,917,700 | 102,900,000 | 108,538,200 |
| Average number of employees | 536 | 501 | 515 |
1) On March 31, 2023 a total of 3.9 million warrants, stock options, and stock units were outstanding, which corresponds to the same level as end of 2022. During the year 17,757 warrants and stock options have been redeemed, relating to the following programs LTI 2018:2 (3 229), LTI 2017:2 (9 684) and LTI 2019 (4,844). The dilution effect on warrants, stock options and stock units in all the company's incentive programs and maximum issuance under LTI 2022 corresponds to maximum of approximately 4.0%.
| 2021 | 2022 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| REVENUE, SEK m | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 |
| Products and Solutions¹ | 111 | 93 | 113 | 142 | 139 | 92 | 121 | 161 | 138 |
| Integrations¹ | 33 | 33 | 38 | 54 | 32 | 75 | 55 | 101 | 31 |
| Total | 144 | 126 | 151 | 196 | 171 | 167 | 176 | 262 | 168 |
| GROSS MARGIN, % | |||||||||
| Products and Solutions¹ | 74 | 68 | 69 | 78 | 70 | 67 | 68 | 72 | 68 |
| Integrations¹ | 68 | 58 | 81 | 76 | 76 | 96 | 90 | 88 | 91 |
| Total | 72 | 65 | 71 | 77 | 71 | 79 | 74 | 78 | 73 |
| EBITDA, SEK m | |||||||||
| Total | 2 | -37 | -3 | 11 | -5 | -11 | 1 | -107 | -16 |
| EBIT, SEK m | |||||||||
| Total | -37 | -76 | -42 | -31 | -45 | -50 | -36 | 9 | -53 |
| OPERATING MARGIN, % | |||||||||
| Total | -26 | -61 | -28 | -16 | -27 | -30 | -20 | 3 | -32 |
| PROFIT/LOSS BEFORE TAX, SEK m | |||||||||
| Total | -33 | -80 | -40 | -28 | -42 | -30 | -17 | -9 | -57 |
| PROFIT/LOSS FOR THE PERIOD, INCLUDING DISCONTINUED OPERATIONS, SEK m |
|||||||||
| Total | -3 | -114 | -8 | 3,271 | -42 | -31 | -17 | -9 | -57 |
1) The breakdown of revenue and grossmargin between the segments have been restated for Q1 and Q2 2021, combared to the numbers presented in the year-end report for 2021.
On April 1 2022, the subsidiaries Tobii Pro AB and Tobii Tech AB were merged with the Parent Company, Tobii AB (publ). The large changes in the reported numbers for the parent company is due to the merger.
Number of employees in the Parent Company was approximately 280 (90).
The Parent Company's revenue during the quarter totaled SEK 113 million (38) and the operating profit was SEK -69 million (-4).
At the end of the period, the Parent Company had SEK 379 million (226) in cash and cash equivalents.
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Revenue | 113 | 38 | 615 |
| Cost of goods and services sold | -43 | -4 | -162 |
| Gross profit | 70 | 34 | 451 |
| Selling expenses | -45 | -9 | -199 |
| Research and development expenses | -66 | -2 | -278 |
| Administrative expenses | -30 | -31 | -129 |
| Other operating income and operating expenses | 2 | 4 | 22 |
| Operating profit/loss | -69 | -4 | -133 |
| Financial items | -4 | 8 | 41 |
| Group Contributions | - | - | 0 |
| Profit/loss before tax | -72 | 3 | -91 |
| Tax | 0 | - | 0 |
| Profit/loss after tax | -72 | 3 | -91 |
| SEK m | Mar 31 2023 |
Mar 31 2022 |
Dec 31 2022 |
|---|---|---|---|
| NON-CURRENT ASSETS | |||
| Intangible assets | 365 | 34 | 339 |
| Tangible fixed assets | 10 | 5 | 4 |
| Financial assets | 381 | 1,610 | 377 |
| Total non-current assets | 756 | 1,649 | 721 |
| CURRENT ASSETS | |||
| Accounts receivable | 67 | 29 | 104 |
| Inventories | 62 | 0 | 59 |
| Other current receivables | 63 | 117 | 95 |
| Cash and bank balances | 379 | 226 | 352 |
| Total current assets | 570 | 372 | 611 |
| Total assets | 1,326 | 2,021 | 1,332 |
| SHAREHOLDERS' EQUITY | 844 | 1,766 | 913 |
| NON-CURRENT LIABILITIES | |||
| Other non-current liabilities | 30 | 17 | 30 |
| Total non-current liabilities | 46 | 17 | 47 |
| CURRENT LIABILITIES | |||
| Other current liabilities | 436 | 238 | 371 |
| Total current liabilities | 436 | 238 | 371 |
| Total liabilities | 482 | 255 | 418 |
| Total equity and liabilities | 1,326 | 2,021 | 1,332 |
The Interim Report complies with the provisions of IAS 34, and the report for the Parent Company has been prepared pursuant to the provisions of the Swedish Annual Accounts Act and RFR 2. In addition to the financial statements, disclosures under 34.16A also appear in other parts of the interim report. The accounting policies of the Parent Company and the Group, and the calculation principles used in the report, are unchanged from those used in the most recently published Annual Report, with the exception of the application of new standards. The IASB has published amendments to standards effective from January 1, 2022, or later. These amendments have not had a material impact on the financial statements.
Tobii is reporting two segments, Products & Solutions, and Integrations. For each segment revenue, gross profit, and gross margin are reported.
The segment´s products comprises hardware, software, and services and the customers include both B2B customers and consumers. Hardware consist of a suite of eye tracking products, including the flagship eye tracking glasses Tobii Pro Glasses 3, research-grade screen-based eye trackers such as Pro Spectrum and Pro Fusion and our consumer gaming device Tobii Eye Tracker 5. Software consists of among others Tobii Pro Lab and Sticky.
This segment provides Tobii's attention computing technology for integration into device manufacturers' (also known as original equipment manufacturers, or OEMs) products. It offers a versatile array of OEM integration products, including software, hardware components, system reference designs, services, and intellectual property licenses. These integrations are deployed in a range of OEM devices, from gaming laptops and medical technology devices to virtual reality headsets and cars. This segment is in a scale up phase with promising outlook and large potential in multiple markets.
During the quarter, Tobii signed an agreement to acquire all assets in Oculid GmbH and incorporated the team in to Tobii´s operations. The acquisition was completed April 1, 2023. Oculid has a leading solution for cloudbased mobile user research. By joining forces, we will fast track product development and accelerate commercialization. This acquisition expected to have an insignificant effect on Tobii´s short-term financial results and position.
No divestments have occurred during the quarter.
| Mar 31 2023 | Mar 31 2022 | |||
|---|---|---|---|---|
| SEK m | Carrying amount |
Fair value Carrying | amount | Fair value |
| Financial assets measured at fair value | ||||
| Contingent considerations |
- | - | 6 | 6 |
| Financial liabilities measured at fair value | ||||
| Contingent considerations |
18 | 18 | 17 | 17 |
Tobii classifies financial assets and liabilities measured at fair value in a hierarchy based on the information used in the valuation of each asset or liability. For level 3 financial instruments, information material to the fair value assessment is not observable and Tobii's own assessments are applied. Interest-bearing loans and contingent considerations are classified under level 3.
| SEK m | |
|---|---|
| Liabilities | |
| Opening balance January 1, 2023 | 18 |
| Translation differences | 0 |
| Closing balance Mar 31, 2023 | 18 |
Other than the contingent consideration, Tobii has no financial instruments that are measured at fair value in the income statement.
Impairment testing for goodwill was carried out at the end of the 2022 financial year, without any need for impairment being identified.
As of March 31, 2023, SEK 0 million (-) are guarantee commitments in the Swiss operations through subordination guarantee. Tobii also have SEK 100 (-) million as pledges assets referring to the revolving credit facility.
Tobii's business risks include the economic climate, the competitive situation, currency risks, credit risks in relation to customers, financing risks, the risk of impairment write-downs of capitalized R&D and other intangible assets, and regulatory risks. Tobii's risks and risk management are described in greater detail in the risk section on pages 47-52, in the Directors' Report on pages 58-59, and note 3 on page 82 in Tobii's 2022 Annual Report. Tobii is of the opinion that this risk description remains correct.
No transactions have occurred between Tobii and related parties that have materially affected the Company's position and earnings.
Alternative Performance Measures (APMs) are financial measures of financial performance, financial position, or cash flows other than those defined in the applicable financial reporting framework (IFRS). These are considered to be important supplemental measures of the company's performance. These measures may not be comparable to measures used by other companies since not all companies calculate financial measures in the same way. The key ratios and alternative performance measures that Tobii uses are defined on page 134 of the 2022 annual report, together with additions below.
This section presents only the reconciliation of alternative performance measures that cannot be calculated from the information in financial reports in this interim report.
| SEK m | Q1 2023 |
Q1 2022 |
Full year 2022 |
|---|---|---|---|
| Operating profit/loss before depreciation, amortization and impairment, (EBITDA) |
-16 | -5 | 27 |
| Amortization and impairment | -29 | -33 | -118 |
| Depreciation | -2 | -2 | -82 |
| of which Right-of-use assets (IFRS 16 Leasing) |
-7 | -6 | -23 |
| Operating profit/loss (EBIT) | -53 | -45 | -122 |
Danderyd, May 4, 2023
Per Norman Chairman of the Board Charlotta Falvin Board member
Jan Wäreby Board member Jörgen Lantto Board member
Heli Arantola Board member
Anand Srivatsa President & CEO
The report has not been reviewed by the Company's auditors.
This information is information that Tobii AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on May 4, 2023, at 7:30 a.m. CET.
Contact person: Henrik Mawby, Head of Investor Relations, Tobii AB, e-mail: [email protected], tel. +44 (0) 74 94 074 006
A conference call and online presentation will be held in English today at 9:00 a.m. (CET). See tobii.com for more information about the conference call. The slides from the presentation will be available for download from the website afterward.
Henrik Mawby, Head of Investor Relations, phone +44 74 94 074 006 Anand Srivatsa, President & CEO, phone: +46 (0)8-663 69 90 Magdalena Rodell Andersson, CFO, phone +46 (0)8-663 69 90
Tobii AB (publ) • Corporate ID number: 556613–9654 Mailing address: Box 743 18217 Danderyd, Sweden Tel. +46 (0)8-663 69 90 www.tobii.com
| Annual General Meeting | May 26, 2023 |
|---|---|
| Interim report, Q2 2023 | July 21, 2023 |
| Interim report, Q3 2023 | Nov 7, 2023 |
| Year-end report, Q4 2023 | Feb 6, 2024 |
Henrik Eskilsson Board member
Mats Backman Board member
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