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Smart Eye AB - SMTEF STOCK NEWS

Welcome to our dedicated news page for Smart Eye AB (Ticker: SMTEF), a resource for investors and traders seeking the latest updates and insights on Smart Eye AB.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Smart Eye AB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Smart Eye AB's position in the market.

Rhea-AI Summary
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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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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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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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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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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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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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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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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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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Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) announced a breakthrough order from a major North American car manufacturer, delivering its DMS technology to 46 new car models. The estimated revenue for the order is SEK 1.55 billion. This deal marks a significant shift in the industry towards software-defined vehicles, positioning Smart Eye as a Tier 1 supplier and bringing the total estimated lifetime value from current design wins to over SEK 6.715 billion.
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Smart Eye AB

OTC:SMTEF

SMTEF Rankings

SMTEF Stock Data

271.94M
30.99M
27%
22.46%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
Sweden
Goteborg