Brief: Tobii Q1 EBIT Loss Widens To SEK 45 Mln

Tobii AB

05/05/2022 06:37

May 5 (Reuters) - Tobii AB  TOBII.ST :
    * TOBII INTERIM REPORT FOR THE FIRST QUARTER 2022
    * Q1 OPERATING RESULT (EBIT) WAS SEK -45 MILLION (-37)
    * Q1 REVENUE INCREASED TO SEK 171 MILLION (144
    * Q1 NET RESULT FOR PERIOD AMOUNTED TO SEK -42 MILLION (-3)
    * OUR BUSINESS CONTINUED A STRONG RECOVERY PATH, ACHIEVING
AN
ALL-TIME HIGH Q1 REVENUE
    * PRODUCTS & SOLUTIONS DELIVERED SOLID GROWTH, AND CUSTOMER
ENGAGEMENT LEVELS WITHIN XR AND AUTOMOTIVE VERTICALS ACCELERATED
SIGNIFICANTLY
    * WE WERE IMPACTED BY RESTRICTIONS IN MARKETS LIKE CHINA
    * WAR AND SANCTIONS DO NOT SUBSTANTIALLY IMPACT TOBII'S
REVENUE
    * WE EXPECT TO TAKE LARGE STEPS IN 2022 TOWARDS OUR TARGET
OF
BREAKING THROUGH TO PROFITABILITY DURING 2023 AND TO REACH SEK
1.5BN REVENUE IN 2025.

Source text for Eikon:  ID:nWkr4mcsbn 
Further company coverage:  TOBII.ST 

 (Gdansk Newsroom)
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