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Tobii

Earnings Release May 4, 2023

3119_10-q_2023-05-04_dbcda90a-9503-41a8-a4e2-bcfe229537e8.pdf

Earnings Release

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TOBII ACHIEVES A BREAK THROUGH IN AUTOMOTIVE DMS

  • ⚫ Revenue was SEK 168 million (171), corresponding to organic decline of 7%
  • ⚫ Gross margin increased to 73% (71%)
  • ⚫ Operating result (EBIT) was SEK -53 million (-45)
  • ⚫ The net result for the period amounted to SEK -57 million (-42)
  • ⚫ Earnings per share amounted to SEK -0.55 (-0.42)
  • ⚫ Cash flow after continuous investments amounted to SEK 46 million (-48), including SEK 63 million tax deferrals related to covid-reliefs
  • ⚫ Cash and cash equivalents were SEK 439 million (402), excluding SEK 49 million (61) in finance leases

THE QUARTER JANUARY-MARCH SIGNIFICANT EVENTS DURING THE PERIOD

  • ⚫ Tobii received three design wins in the quarter. One for an enterprise VR-headset and two for integration of Tobii Aware in laptops.
  • ⚫ Further strengthened financial position through additional tax deferrals related to covid-reliefs of SEK 63 million and a SEK 50 million revolving credit facility.
  • ⚫ On February 22, 2023, Sony launched the PlayStation VR2 (PS VR2). Reviews of both the headset and its eye tracking performance have been positive.

SIGNIFICANT EVENTS AFTER THE PERIOD END

⚫ 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.

FINANCIAL OVERVIEW

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

Comments from the CEO

Our first automotive DMS design win

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.

A slow revenue quarter

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.

We are building on our successful track record of targeted acquisitions

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.

Breakthrough for our long-term investments

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

Financial performance

KEY RATIOS

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%

PRODUCTS & SOLUTIONS

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%

RESEARCH AND DEVELOPMENT, Q1, 2023

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

INTEGRATIONS

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%

PERCENTAGE OF REVENUE PER SEGMENT Q1, 2023

JANUARY-MARCH

REVENUE

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.

RESULTS

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 AND FINANCIAL POSITION

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.

ORGANIZATION

The number of FTEs, excluding consultants, on average during the period was 536 (501).

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONDENSED)

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

CONSOLIDATED BALANCE SHEET (CONDENSED)

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

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONDENSED)

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

CONSOLIDATED STATEMENT OF CASH FLOW (CONDENSED)

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

BREAKDOWN OF REVENUE

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

CONSOLIDATED KEY RATIOS

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%.

QUARTERLY DATA

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.

The Parent Company

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.

CONDENSED PARENT COMPANY INCOME STATEMET

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

CONDENSED PARENT COMPANY BALANCE SHEET

Notes

Note 1.Accounting policies

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.

Note 2.Segments

Tobii is reporting two segments, Products & Solutions, and Integrations. For each segment revenue, gross profit, and gross margin are reported.

PRODUCTS & SOLUTIONS

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.

INTEGRATIONS

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.

Note 3.Business combinations

ACQUISITIONS

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.

DISCONTINUED OPERATIONS

No divestments have occurred during the quarter.

Note 4.Financial instruments

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.

Change in contingent consideration

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.

NEDSKRIVNING AV GOODWILL

Impairment testing for goodwill was carried out at the end of the 2022 financial year, without any need for impairment being identified.

Note 5.Pledged assets and contingent liabilities

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.

Other information

RISKS AND UNCERTAINTY FACTORS

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.

TRANSACTIONS WITH RELATED PARTIES

No transactions have occurred between Tobii and related parties that have materially affected the Company's position and earnings.

DEFINITIONS OF ALTERNATIVE PERFORMANCE MEASURES (APM) NOT DEFINED BY IFRS

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.

RECONCILIATION OF ALTERNATIVE PERFORMANCE MEASURES

This section presents only the reconciliation of alternative performance measures that cannot be calculated from the information in financial reports in this interim report.

Operation profit/loss before depreciation, amortization, and impairment, EBITDA

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

Information to

shareholders

WEB PRESENTATION

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.

CONTACT DETAILS

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

FINANCIAL CALENDAR

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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