Smart Eye AB (publ) (SEYE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and a warm welcome to this earnings call with SmartEye following the Q2 2025 report and as usual it's hosted here at the RedEyes headquarters in Stockholm. We will as usual start with the company presentation followed by a Q&A session and we remind all investors watching online to keep submitting your questions and we will take them up at the end of the Q&A. And with us today we have SmartEyes CEO Martin Krantz and SmartEyes CFO Mats Benaminsson. And without further ado I'll leave the floor over to you guys. Thank you. It's good to be here again after the summer and talking about the second quarter. It was in July postponed with two weeks the quarterly report because we were in the middle of executing a share program for the staff so we didn't want to create any insider effects so that's why it was delayed with two weeks. But now we're here presenting it. And it's a very good quarter, I would say. It's the best quarter in the history of SmartEye. We have had net sales increasing 12%. At the same end, net sales is at 92 million. And this is something which we did in, we had FX headwinds. So the decrease of the dollar and the euro compared to Swedish krona has worked against us. But even though we have this effect, we are at EBITDA plus 1 million SEK. for the first time in 10 years. Last time we had positive EBITDA was in 2015 and we had just gotten the first important orders for design with BMW and Audi and that was we were starting to ramp up and even ever since then we've been had having red numbers but now It's moving quickly in the right direction. The automotive organic growth is 42%. It consists mostly of growth in license revenue. Other types of revenue in automotive decreases slightly, but licenses are rising quickly. Behavioral research, the business...