Summary of results
Tobii reported second-quarter revenue of SEK 154 million, a 39% decline versus the same period a year earlier, with the company noting 7% underlying growth for the quarter. Tobii posted an operating profit of SEK 15 million, a gross margin of 82%, a loss per share of SEK 0.02 and negative free cash flow of SEK 10 million for the period.
Profitability and cash flow
Despite the steep year-on-year revenue drop, Tobii recorded a positive operating result for the quarter. Gross margin held at a strong 82%. Free cash flow was negative at SEK 10 million and the company reported a loss per share of SEK 0.02.
Cost reduction progress
Tobii said its ongoing cost reduction program produced SEK 43 million in savings during the second quarter. The company plans further cost measures focused on its Autosense division, expecting those moves to lower annual costs by more than SEK 50 million.
Business unit performance
The Autosense division saw net sales increase in the quarter, a development Tobii attributed to a licensing agreement with a major automotive supplier. In contrast, the Products & Solutions division encountered several headwinds: delayed procurement activity in China, weakness in Japan, and protracted contract negotiations in the United States.
Outlook and timetable
Tobii reiterated a target of achieving positive operating cash flow starting in 2027. The company expects demand in China to normalize gradually over time, while noting that regional uncertainty remains a factor.
Implications for markets and supply chains
For market participants and supply-chain observers, the results present a mix of operational improvement through cost savings and margin strength, alongside revenue pressure driven by regional demand dynamics and extended commercial negotiations. The Autosense licensing development signals traction in automotive-related revenue streams, while Products & Solutions performance highlights sensitivity to procurement timing and regional market weakness.