Welcome to our dedicated page for Smart Eye Aktieb news (Ticker: SMTEF), a resource for investors and traders seeking the latest updates and insights on Smart Eye Aktieb stock.
Smart Eye Aktieb (SMTEF) specializes in AI-powered Driver Monitoring Systems that enhance road safety through real-time driver behavior analysis. This dedicated news hub provides investors and industry professionals with essential updates on the company's technological advancements and market positioning.
Access official press releases covering product launches, strategic OEM partnerships, and regulatory compliance developments. Our curated collection ensures you stay informed about SMTEF's role in shaping automotive safety standards under evolving EU regulations.
Key updates include earnings reports, technology innovations in Human Insight AI, and commercial vehicle safety mandates. All content is verified through primary sources to maintain accuracy and relevance for decision-makers.
Bookmark this page for streamlined access to Smart Eye's latest developments in driver monitoring technology and its expanding partnerships with global automotive manufacturers.
Smart Eye reported a 34% increase in Q1 2024 net sales to SEK 86.1 million, driven primarily by its Automotive segment. Gross profit rose by 41% to SEK 77.3 million, leading to a gross margin of 90%. Despite this, the company posted an EBITDA loss of SEK -23.0 million, impacted by SEK 11.6 million in restructuring costs. The operating loss stood at SEK -61.5 million. Earnings per share were reported at SEK -1.53. The company’s cash balance, including credit facilities, was SEK 243.6 million. Automotive growth was strong with 19 design wins for DMS, 5 for Interior Sensing, and 2 for AIS, totaling an estimated order value of SEK 785 million. CEO Martin Krantz highlighted increased software license revenue and maintained cost control.
