SMART EYE AKTIEBOLAG AK - SMTEF STOCK NEWS

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Smart Eye AKTIEBOLAG AK (SMTEF) is a global leader in Human Insight AI, specializing in understanding, supporting, and predicting human behavior in complex environments. With a focus on bridging the gap between humans and machines, Smart Eye offers multimodal software and hardware solutions that provide unparalleled insight into human behavior.

In the automotive sector, Smart Eye is renowned for its driver monitoring systems and interior sensing solutions that enhance road safety and the mobility experience. The company's technology is utilized by major automotive manufacturers globally, with a track record of 296 design wins from 20 OEMs.

Smart Eye's recent achievements include securing orders from leading car manufacturers for the delivery of its Driver Monitoring System software to new car models. These breakthrough orders underscore Smart Eye's position as a market leader in the automotive safety technology space.

05/14/2024 02:20 AM

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Smart Eye Interim Report Q1 January - March 2024

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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.

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04/18/2024 08:30 AM

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Smart Eye Publishes its Annual Report 2023

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Smart Eye, a leading eye-tracking technology company, has published its Annual Report 2023. The report can be accessed on the company's website and provides detailed financial information for investors. CEO Martin Krantz can be contacted for further details.

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04/15/2024 12:30 PM

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Notice to attend the Annual General Meeting in Smart Eye Aktiebolag (publ)

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Smart Eye Aktiebolag (publ) announces the Annual General Meeting to be held on May 17, 2024, in Gothenburg. Shareholders must be registered by May 8, 2024, and notify the company by May 13, 2024, to participate.

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03/20/2024 10:35 AM

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Smart Eye Announces Breakthrough Order for Its Fleet Driver Monitoring System AIS

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Smart Eye secures a significant contract worth SEK 150 million from a major European commercial vehicle manufacturer for its AIS driver monitoring system. The deal marks Smart Eye's largest contract for the AIS system, with potential additional design wins valued at SEK 100 million. The technology aims to enhance road safety by detecting driver drowsiness and distraction, meeting upcoming European legislation requirements.

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03/13/2024 03:50 AM

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Smart Eye Announces New Automotive Interior Sensing AI Design Win with European Premium Car Manufacturer

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Smart Eye secures a significant order worth SEK 100 million for its Automotive Interior Sensing AI technology from a premium European car manufacturer, showcasing the company's continued growth in the interior sensing market.

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02/29/2024 05:30 AM

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Smart Eye Announces 4 New Breakthrough Design Wins for Automotive Interior Sensing AI

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Smart Eye secures a breakthrough order from a major Korean car manufacturer, marking the first delivery of its combined Driver Monitoring System (DMS) and Cabin Monitoring System (CMS) technology to new car models. The estimated revenue for the order is SEK 175 million, with potential additional design wins valued at SEK 650 million. Smart Eye's expansion into automotive interior sensing with AI technology positions the company as a leader in the growing market.

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02/28/2024 02:50 AM

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Smart Eye Announces Additional Order for Existing Car Models by One of The World’s Largest Vehicle Producers

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Smart Eye Receives Additional Order for DMS Software, Estimated Revenue of SEK 160 Million. Company Expands Production Volume for 34 Car Models.

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02/21/2024 02:20 AM

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Smart Eye Year-End Report Q4 January - December 2023

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Smart Eye (SMTEF) reports strong organic growth in both Automotive and Behavioral Research business areas for the fourth quarter of 2023. Net sales increased by 65% to SEK 91.3 million, with an operating loss of SEK -67.1 million. The company secured 77 design wins for DMS and signed its first Tier 1 contract. Cash and cash equivalents totaled SEK 79.7 million at the end of December. Smart Eye projects profitable growth in Behavioral Research and expects the automotive business to reach profitability in 2024.

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01/05/2024 02:50 AM

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Smart Eye Announces 19 New Driver Monitoring System Design Wins with One of The World’s Largest Vehicle Producers

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Smart Eye (SEYE) has been nominated to deliver its Driver Monitoring System (DMS) software to 19 additional car models, with an estimated revenue of SEK 200 million. The company will collaborate with a major automotive manufacturing corporation and an European-American automotive alliance, marking a significant expansion in its market reach. Smart Eye's CEO, Martin Krantz, expressed optimism about the surge in design wins and the company's position as the market leader, highlighting the impact of upcoming European legislation mandating DMS in new vehicles. With a total of up to 315 design wins from 21 OEMs and a combined estimated lifetime value of over SEK 6.915 billion, Smart Eye is poised for substantial growth in the automotive industry.

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01/04/2024 09:15 AM

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Smart Eye Announces Innovative Emotion Generative AI Capability and Key Partnerships at CES 2024

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Smart Eye (STO:SEYE) (OTC PINK:SMTEF) (FRA:SE9) partners with Aptiv, Cerence, Forvia, and more at CES 2024, unveiling advancements and generative AI concept for empathetic and immersive experiences in vehicles

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FAQ

What is the current stock price of SMART EYE AKTIEBOLAG AK (SMTEF)?

The current stock price of SMART EYE AKTIEBOLAG AK (SMTEF) is $6.1889 as of October 14, 2024.

What is the market cap of SMART EYE AKTIEBOLAG AK (SMTEF)?

The market cap of SMART EYE AKTIEBOLAG AK (SMTEF) is approximately 231.2M.

What is Smart Eye AKTIEBOLAG AK known for?

Smart Eye is a global leader in Human Insight AI, specializing in understanding, supporting, and predicting human behavior in complex environments.

What are Smart Eye's core products?

Smart Eye offers driver monitoring systems and interior sensing solutions for the automotive industry, focusing on enhancing road safety and the mobility experience.

How many design wins has Smart Eye secured?

Smart Eye has received 296 design wins from 20 OEMs, indicating strong market recognition and demand for its technology.

What recent achievements has Smart Eye celebrated?

Smart Eye has recently secured orders from major car manufacturers for the delivery of its Driver Monitoring System software to new car models, highlighting the company's ongoing success.