Tobii Interim Report following the Second Quarter of 2019

STOCKHOLM, July 19, 2019 /PRNewswire/ --

Tobii AB (publ) today announced its interim report following the second quarter of 2019.

Comment by Tobii's CEO Henrik Eskilsson:

"Strong sales growth for Tobii Tech and important customer launches.

Sales in the quarter increased 21 percent, or 13 percent adjusted for currency effects, compared to the second quarter of 2018. External sales in Tobii Tech grew by 87% and we have in the quarter seen several interesting initiatives and launches related to eye tracking from important players in the ecosystem."

Second quarter April-June 2019

• The Group's net sales increased by 21% to SEK 372 million (307) compared with the first quarter of 2018. Adjusted for currency effects, the increase was 13%.
• The gross margin was 69% (70%).
• The Group's operating loss amounted to SEK -51 million (-59).Tobii Dynavox contributed SEK 21 million (22) and Tobii Pro SEK -3 million (1) to earnings, while investments in Tobii Tech had an impact of SEK -72 million (-82) on the Group's operating loss
• Earnings per share amounted to SEK -0.59 (-0.41).
• The Group has applied IFRS 16 Leases since January 1. This has had a positive impact in the second quarter of SEK 7 million on consolidated EBITDA and SEK 1 million on EBIT. Please see the tables on page 17 for more information.

Significant events

• Dell launched its Alienware m15 and m17 gaming laptops with integrated eye tracking from Tobii.
• Qualcomm launched its new Smart Viewer reference design with integrated eye-tracking technology from Tobii. 
• The British competition regulator CMA announced the provisional findings of its investigation of the Smartbox acquisition and continues to hold the position that the acquisition may result in a lessening of competition in the UK.
• After the end of the quarter the Company announced that Anand Srivatsa joins Tobii as the new CEO of the Tobii Tech division.
• At the Annual General Meeting of Shareholders, Jörgen Lantto and Mårten Skogö were elected to serve as new members of the Board of Directors

Events after the end of the period