Smart Eye AB (publ) (SEYE) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and a warm welcome to SmartEyes Q4 2024 earnings call hosted by RedEye. My name is Jacob Benon and I will be moderating the session where we will start with a company presentation followed by a Q&A. And with us today, we have SmartEyes CEO Martin Krantz and CFO Mats Benaminsson. And without further ado, I will leave the word over to Martin and Mats. Welcome. Thank you, Jacob. Let's get going. SmartEye, we are doing technology that understands, supports, predicts human behavior in complex environments, including cars of course. We have a good quarter behind us. For the first time we have more than 100 million SEK in quarterly revenue. 10% more than last year, but the organic growth goes all the way up to 18%, which we are very happy with. It's mainly driven by that we have 75 car models in production at the end of Q4. That's eight more than the previous quarter and it's ramping up at a good speed. One more OEM, 10 OEMs instead of nine. That all in all gives us 42% organic growth for automotive. But automotive revenue consists of two things. It consists of licenses and other stuff such as services and prototype systems and aftermarket products and so on. And the licenses are growing at a very brisk pace, 200% last quarter. So although that is very good, I'm very happy with 200% growth of license revenue, it's going to be better. 2025 the licenses will grow faster than 200%, I should also say significantly faster than 200%. We are really ramping up right now. Behavioral research had a good quarter in Q4, 7% better than last year. The same quarter last year, which was a record quarter. So this is our new best quarter ever for behavioral research. revenue is growing and if we were to sort of separate behavioral research from the rest of the company that part of t...