Tobii AB (publ) (TOBII) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by raising their hand or typing them in the form below. Now I will hand the conference over to CEO Anand Srivatsa and Interim CFO Asa Wuron. Please go ahead. Welcome again, everyone. Joining me today on this Q2 earnings presentation is Osa Viren, our interim CFO. And I'm going to walk you through some of our results and also we'll talk you through some of the detailed financials. Now, in the second quarter, Toby continued to execute on our communicated strategies to stay on a path of sustained profitability and improved cash flow. Specifically, at the end of Q1, we shared our intention to strengthen our cash position and to continue a strategic review to focus our business via cost reductions and portfolio optimization. I am pleased that we can clearly demonstrate progress on all of these fronts. Our free cash flow for Q2 2025 improved by nearly 200 million SEC versus Q2 2024. A significant contributor to the improved cash flow was the new agreement we signed with Dynavox Group, which included a 100 million SEC pre-purchase of components. On the cost reduction front, we have achieved 263 million SEC of cash-related OPEX savings versus our Q2 2024 baseline, significantly exceeding the 200 million SEC target we set last year. These reductions have also played a significant role in the improved cash flow. Finally, as we have reviewed our product portfolio with an emphasis on focus, we have made the decision to take a one-time write-off of intangible assets of around 48 million SEC. Given all of these activities, there are significant one-time effects in this quarter, but in total, we were able to delive...