Smart Eye AB (publ) (SEYE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and a warm welcome to SmartEyes Q3 2025 earnings call hosted by RedEye. My name is Jacob Benon, I'm an equity analyst here at RedEye and we will start off today as usual with a company presentation and thereafter we will follow up with a Q&A session. And I would like to remind all the viewers online to start submitting your questions in the chat box and we will have management answer them in the Q&A session afterwards. And with us today we have SmartEyes CEO Martin Krantz and the CFO Mats Benaminsson. So without further ado I'll leave the floor over to you Martin. Thank you. I'm happy to announce the third quarter of 2025. It's an amazing quarter for SmartEye. It is the best quarterly report that we have ever. submitted in terms of the results but of course we are in the beginning of ramp up so we expect many more quarterly results to be in the near future to be better than this. Anyway We had 99 million in net sales. Organic growth, excluding FX, was 33%. We're very happy with that growth rate. EBITDA, 11.5 million SEC. We're also very content with that. We had 1 million last quarter, which was the first quarter with positive EBITDA in ages or in 10 years. But Now we're going in the right direction. Automotive is growing with 61%. But I think the most interesting part of that growth is the license growth. It's growing not quite 200% but well above 150% is the license revenue growth. we that comes from that we have 105 car models in production compared to 90 car models end of last quarter and these 15 new car models are starting to ramp but also the whatever came into production during q2 q1 and q4 is still in a ramp up phase so we have a lot of car models now building up these these volumes 15 OEMs in production, three more this quarter. And we expect both ...