Tobii AB (publ) (TOBII) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to the presentation of Tobii's Q1 2025 results. My name is Karolina Strömlid and I'm Head of Investor Relations. With me today, I have our CEO Anand Srivatsa and our CFO Magdalena Rodell Andersson to walk you through the highlights of the quarter. After the presentation, we will open up for questions either posted in the chat or asked live. With that, let's kick off today's presentation. Thank you, Carolina. And welcome again, everyone. Q1 2025 was a solid quarter where we continue to demonstrate sustained progress towards profitability. I am particularly pleased that all of our business segments helped contribute to this improved performance. This was our best ever Q1 result with our first positive EBIT in Q1. The improved profitability comes from reasonable top-line growth and is significantly supported by the cost reduction actions we have been taking since last year. We are expecting to meet the goal that we've set out in July last year around cost reductions, and you will hear more details of cost reductions about the cost reduction program when Magdalena goes through our detailed financials. The focus on cost reductions has helped us improve our cashflow where we see significant improvement on a year on year basis in Q1, 2025 versus the same period last year. We continue to be hyper-focused on our cash situation and we have multiple actions in play to continue to strengthen our position as we go forward. In the quarter, we also saw some early results from our ongoing strategic review with the divestment of some non-core patents in the quarter. This quarter was also marked with significant macro uncertainties, but thus far, I'm happy to see that most of these issues have had a limited impact for us in the quarter this far. We beli...