July -
· Net sales totaled
24 %. The increase in sales is mainly due to increased license revenues within Automotive Solutions.
· Operating loss totaled
· Profit/loss after financial items was
· Profit/loss after tax per share is negative.
· Cash and cash equivalents totaled
· In October, the company carried out a directed new share issue that provided the company with approximately
· On
January -
· Net sales amounted to
· Operating profit amounted to
· Profit after financial items amounted to
· Earnings after tax per share are negative.
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 August 26[th] 2020.
The total estimated value of the company's 83 (81) design wins announced to date currently amounts to at least 2,100 MSEK (2,000) over a product life cycle.
If the company's system had been used in all car models on existing platforms by the twelve (twelwe) car manufacturers with whom design wins have been communicated, the estimated value would amount to at least 5,800 MSEK (5,300) over a product life cycle.
Comments from the CEO
Continued success and preparations for the next wave of DMS
During the third quarter we negotiated an extension of an existing contract with a Korean customer. It has resulted in two new design wins on an additional car platform. Serial production is scheduled for late 2021. One of the cars is in the upper-mid level segment and one is a premium car. It's with great satisfaction that we again see the scalability of the business model and that satisfied customers are ready to come back and puchase our software again and again.
We have also ended the short-time furlough program and are again increasing our pace regarding current project commitments as well as the upcoming wave of procurements. This is possible after a fast and successful directed share issue of
We have twelve of the biggest car companies as customers and we are in dialouge with many more. Out of our customers no less than 11 are on the list of the world's largest 20 manufacturers, measured on number of vehicles produced yearly. Our intention is to continue as the market leader and we will do the necessary ground work to reach that goal.The share issue should be seen in this light, for us to be able to deploy resources where they are most needed.
Research Instruments
During the second half of March, the order intake slowed down and continued to do so during spring and early summer, which was tough for the whole research market. We still managed to increase the sales in the third quarter but less than our pre-Corona goals. The Q3 result was to a large extent produced during September, and the 15% increase from last year should be viewed with that in mind. We are seeing an increased demand during the fall and have a positive outlook on the fourth quarter.
AIS
Final words
With numerous new car contracts during the last year, along with the recently completed funding we are relatively safe in an otherwise stormy world. Now is a good time for us to increase the pace while many others have pressed the pause button. The period of increased insecurity is not over yet, but the company has, during times of change, once again shown foresight and an ability to adapt under different circumstances. We will continue to be cautious on all levels and will first and foremost make sure that we are a long-term player in the automotive sector's transition to safer cars. Our many customers guarantee continuity and transparency in future revenues. As long as there is a need for personal transportation there will be an industry serving that need. Delivery of high-quality, safety level software will continue to be in strong demand for a long time to come.
Martin Krantz
VD
For more information
Phone: +46 70-329 26 98
Email: martin.krantz@smarteye.se
Anders Lyrheden,
Phone: +46 70-320 96 95
Email: anders.lyrheden@smarteye.se
About
Since 1999
Today our eye tracking technology is used in the next generation of cars and is helping the automotive industry take an important step towards safer and more environment-friendly transport solutions. In the research field,
Smart Eye's business is organized in three business areas, Research Instruments, Automotive Solutions and Applied AI Systems (AIS). In Research Instruments,
Visit www.smarteye.aifor more information.
Visit our investor web for more financial information: http://www.corp.smarteye.se/en/
This information is information that
Erik Penser is Certified Adviser and can be reached at +46-8-463 8000 or certifiedadviser@penser.se.
https://news.cision.com/smart-eye/r/continued-growth-and-prepared-for-success,c3218523
https://mb.cision.com/Main/15057/3218523/1320879.pdf
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