Smart Eye Aktieb Stock Price, News & Analysis

Smart Eye announced significant growth in its Q4 2021 results, with net sales increasing by 139% to SEK 43.7 million. However, the company reported an operating loss of SEK -43.6 million, influenced by costs associated with the Affectiva acquisition. For the full year of 2021, net sales rose 68% to SEK 109.7 million, but losses deepened to SEK -132.7 million. The firm underscored its market position with new design wins, projecting an estimated revenue potential of SEK 500 million from future projects.

Smart Eye has secured a significant Driver Monitoring System (DMS) design win from a major European OEM, estimated to generate revenue of SEK 50 million. With the potential for further design wins valued at SEK 500 million, this order solidifies Smart Eye's market position. The DMS software will be integrated into a new car model set to enter production in mid-2024. This achievement brings Smart Eye's total design wins to 90 with 14 OEMs, translating to a combined estimated lifetime value of SEK 2,325 million from current agreements.

Smart Eye has been honored at CES® 2022 for its Automotive Interior Sensing technology, which integrates driver and cabin monitoring to enhance road safety and user experience. This innovative solution detects driver behavior, cabin occupancy, and even emotional responses using advanced AI and real-time data. The company aims to lead in the burgeoning Interior Sensing market, responding to increasing demands for advanced safety features in vehicles. Smart Eye has been recognized during a record-high submission year, with 1,800 entries for the Innovation Awards.

Smart Eye has completed the acquisition of iMotions, a provider of software for human behavior research, as announced on October 26, 2021. The acquisition cost approximately MSEK 403, with MSEK 201 paid in newly issued shares and MSEK 202 in cash. This deal increases Smart Eye's share capital by SEK 101,949.30, representing about 4.60% of its capital. CEO Martin Krantz highlights that the acquisition positions Smart Eye to enhance its offerings in the automotive industry by integrating multimodal analysis software to its existing technology.

Smart Eye held an extraordinary general meeting on November 12, 2021, approving a directed share issue of up to 329,534 shares, increasing share capital by SEK 32,953.40. The shares are allocated to Carnegie Investment Bank on behalf of institutional investors at a subscription price of SEK 183 per share. This capital raise aims to facilitate the acquisition of iMotions A/S. The issuance results in approximately 1.56% dilution, raising total shares to 21,129,157. Furthermore, the board is authorized to issue shares for the iMotions acquisition based on market terms.

Smart Eye has announced the acquisition of iMotions for an enterprise value of SEK 400 million, aiming to enhance its position in human behavior research. The deal includes approximately SEK 200 million in newly issued shares and SEK 200 million in cash. iMotions, known for its multimodal software, had a revenue of SEK 95 million in the last twelve months, with gross and EBITDA margins of 71% and 11%, respectively. The acquisition is expected to close by the end of November 2021, and Smart Eye plans to raise SEK 200 million through a directed share issue to fund the transaction.

Smart Eye (OTC PINK:SMTEF) reported a strong rebound in Q3 2021 with net sales of SEK 30.9 million, a 103% increase from the previous year. Organic growth accounted for 35% of sales. Despite an operating loss of SEK -46.8 million, driven by the acquisition of Affectiva, the company's cash reserves stand at SEK 326.3 million. The firm secured multiple design wins valued at SEK 125 million for new automotive models. Looking ahead, Smart Eye anticipates significant growth opportunities, particularly in the Interior Sensing market.

Smart Eye has secured a new design win with a major Japanese car manufacturer, resulting in an estimated revenue of SEK 25 million. This order is for a new car model that is set to go into production by the end of 2022.

The company now has a total of 89 design wins from 13 OEMs, with a combined estimated lifetime value of SEK 2,275 million. The potential additional design wins could bring this figure to SEK 3,975 million. Smart Eye's technology flexibility in accommodating various camera placements is anticipated to provide a competitive edge in the automotive sector.

Smart Eye Aktiebolag announces an Extraordinary General Meeting (EGM) scheduled for October 8, 2021, amid COVID-19 restrictions, allowing only advance voting. Shareholders must be registered by September 30, 2021 and notify their participation by October 7, 2021. The agenda includes electing a chairman, approving minutes, and adopting a long-term incentive program (LTIP 2021:2) for employees, with a maximum dilution of approximately 0.7% of shares. All voting must comply with regulations, and outcomes will be published on EGM day.