January -
· Net sales totaled
· Operating loss totaled
· Profit/loss after financial items was
· Profit/loss after tax per share is negative.
· Cash and cash equivalents totaled
· In February, a design win was obtained for another Chinese OEM. The estimated order value is approximately
· The company's largest order ever was communicated in March. A total of 24 new design wins were obtained from four OEMs. One is a new American high-volume manufacturer and one is a new European premium manufacturer. The other two are existing European premium customers. The estimated revenue is
· As a precautionary measure with the current market volatility due to the corona virus,
Estimated value of obtained design wins
As of the report for the second quarter of 2018, the company provides information on the estimated market value of obtained design wins at the time of publication of the report. The figures in brackets show the levels at the time of the publication of the preceding report, which in this case was February 20[th] 2020.
The total estimated value of the company's 81 (57) design wins announced to date currently amounts to at least 2 000 MSEK (1,450) over a product life cycle.
If the company's system had been used in all car models on existing platforms by the twelve (ten) car manufacturers with whom design wins have been communicated, the estimated value would amount to at least 5,300 MSEK (2,800) over a product life cycle.
Comments from the CEO
From the hour of destiny to Grand Slam. If the fourth quarter was the hour of destiny for mid-level DMS, that moment has now passed and will not come back. After the first quarter, there is no doubt that
Nominations in the mid-level segment
In the first quarter, the decisive moment for the mid-level segment finally came, the largest and most important by volume. It was nothing short of a success for
Effects of the Coronavirus
In the short term it is very difficult to predict how the development will be, it is very dependent on Covid-19. The planning have to take place from one day to another and the outcome will to a great extent depend on how the pandemic develops. Car sales are declining in country after country as the virus spreads. At the same time, it can be seen that personal mobility is preferable to public transport in times when the spread the of infection is to be minimized.But in the slightly longer term, sales of cars will rebound, just as after the financial crisis of 2008. Demand for advanced safety equipment is primarily driven by EuroNCAP and legislation that sets the long-term agenda. We continue to be positive about the long-term future of the automotive industry.Cost control and cautiousnessAt
Strong development of the business In light of the ongoing health situation, it is extra gratifying to be able to deliver such a strong result. All Smart Eyes different business areas deliver as expected or better and sales increase by 52% compared to last year. It's natural that we invest in the current situation to be ready for the broad introduction of DMS by the automotive industry. Car sales will soon rebound and then
CEO
https://news.cision.com/smart-eye/r/grand-slam-in-the-dms-mid-level-segment---decisive-nominations-won,c3107466
https://mb.cision.com/Main/15057/3107466/1244497.pdf
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