Interim report
Page 1
tobii Interim Report Q3 2021 July - September 2021 THE QUARTER JULY - SEPTEMBER • Revenue increased to SEK 390 million ( 317 ) , corresponding to organic growth of 26 % . Revenue in the quarter was positively impacted by a recovery of previously communicated delivery delays , and negatively affected by delays in a US logistics terminal at the end of the quarter . • Gross margin was 71 % ( 70 % ) • The Group's operating result was SEK +/- 0 million ( -27 ) • The net profit for the period amounted to SEK -8 million ( -49 ) • Earnings per share amounted to SEK -0.08 ( -0.50 ) • Free cash flow amounted to SEK -76 million ( 11 ) FINANCIAL OVERVIEW SEK m ( except for earnings per share ) REVENUE Tobii Dynavox Tobii remainco Eliminations and other Total OPERATING PROFIT / LOSS ( EBIT ) Tobii Dynavox Tobii remainco Other Operating profit / loss from continuing operations ( EBIT ) Profit / loss from discontinued operations Net profit / loss for the period Earnings per share ( SEK ) Free cash flow INTERIM REPORT Q3 2021 TOBII AB ( PUBL ) Q3 2021 253 151 -13 390 41 -42 1 0 -0 -8 -0.08 -76 Q3 2020 Change 203 123 -9 317 26 -55 2 -27 -1 -49 -0.50 11 24 % 22 % 23 % TT 56 % SIGNIFICANT EVENTS DURING THE QUARTER • Tobii landed eight design wins - three integrations of Tobii Aware and Tobii Horizon software in PC , two integrations of eye tracking in VR headsets , and three integrations of eye tracking in education and security . Nine Organic months change 2021 • Tobii announced its entry into the Driver Monitoring Systems market with the launch of Tobii DMS , the acquisition of Phasya , and several new partnerships . • The organizational merger of Tobii Tech and Tobii Pro was completed . • Tobii announced its intention to use its right to early redemption of its outstanding 2019/2022 bonds , and Tobii Dynavox signed a SEK 550m term - loan facility and a SEK 150m revolving credit facility . 27 % 26 % After the quarter end , an extraordinary shareholder meeting , decided to distribute all common shares in Tobii Dynavox to Tobii's shareholders . The preparations for the spin - off and listing of Tobii Dynavox ( around year end 2021 ) progressed according to plan . 26 % 61 % 622 420 -31 1,011 45 -157 3 -109 Photo : Tobii has signed an agreement with the innovative VR company Pimax to integrate Tobii's eye tracking in their next generation consumer headset . 1 -125 -1.26 -149 Nine months ar " We delivered a solid quarter with organic growth of 26 percent " Henrik Eskilsson , CEO 661 400 -31 1,030 2020 Change 91 -189 3 -95 -4 -138 -1.42 -35 -6 % 5 % -2 % -51 % Organic Full year change 2020 2 % 16 % 8 % -47 % 894 578 -45 1,426 125 -232 4 -103 -10 -134 -1.36 -10