Tobii AB (publ) (TOBII) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the conference call. 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 dialing pound key five on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Okay, thank you and welcome again, everyone. This is Anand Srivatsa. I'm the CEO of Tobii. Joining me today is Osa Viren, who is our interim CFO, along with Rasmus, who heads our investor relations. I want to remind you that I have announced my decision to resign from Tobii in August of this year. My intention is to move back to the United States for family reasons, and my family has already relocated. I will remain with Tobii in my current role until the end of January, 2026. And the board is in the process of looking for a new CEO. And at this point, we do not have any additional information to share on the process. Now let's move on to the quarterly results. Q3 was a weak result for Tobii on both the net sales basis as well as on overall results. The net sales reduction is related to the end of acquisition-related revenue as well as lower-than-expected revenue in all three segments. In the products and solutions segment, we saw a year-on-year decline in revenue because of weakness in the US market, while other regions demonstrated growth. In the integration segment, we saw weakness in our XR NRE project pipeline, but we do expect to see some improvement in Q4 as customers shift their focus to new smart glasses type of solutions. On the AutoSense side, we had a reduction in year-on-year revenue, but this is related largely to revenue recognition timing based on NRE projects. We expect that the AutoSense business will show robust growth on a full ...