Smart Eye Interim Report Q2 January – June 2023 - Seite 2

Furthermore, the market momentum is very strong, and we are in the final negotiation phase for several large OEM contracts. Our proven technology is very sought after in the market.

We have started to deliver the aftermarket system AIS to Linde, one of the world's largest industrial gas suppliers. Linde started to test early prototypes last year which convinced them to deploy the safety system for all their trucks on the Scandinavian market. The breakthrough order has spurred further interest from other customers representing large fleets of trucks and buses.

Behavioral Research
The research side of Smart Eye had yet another quarter of profitable growth. The organic growth is at 14 percent, in line with our long-term growth rate pre-covid. We are anticipating two upcoming strong quarters since the research market typically is stronger towards the end of the year, due to research equipment budgets being spent before the end of the year.

Final Words
We are only at the very early beginning where OEMs are starting to ramp up new models with our technology. The vast majority of the car models that we have won are not yet produced at full capacity. But as more cars now start to enter production, the increase in our license revenues will accelerate. That is the foundation to our profitability mid next year, given that the research unit is already profitable. We are entering a very exciting moment in the history of the company.

Martin Krantz
CEO Smart Eye

Find the full report and all previous financial reports at https://smarteye.se/investors/financial-reports/.

For more information:

Martin Krantz, CEO Smart Eye AB
Phone: [phone]
Email: [e-mail]

About Smart Eye

Smart Eye is the global leader in Human Insight AI, technology that understands, supports, and predicts human behavior in complex environments. We are bridging the gap between humans and machines for a safe and sustainable future. Our multimodal software and hardware solutions provide unprecedented human insight in automotive and behavioral research-supported also by Affectiva and iMotions, companies we acquired in 2021.

In automotive, we are leading the way towards safer and human-centric mobility through Driver Monitoring Systems and Interior Sensing solutions. Our technology is embedded in next-generation vehicles and available as a standalone aftermarket solution for existing vehicles, fleet, and small-volume OEMs.