Tobii rises as Q2 beat proves profitability of Sony deal

Tobii AB

23/08/2022 08:50

** Shares of Tobii  TOBII.ST  rise 5.9% after the Swedish
eye-tracking technology firm's Q2 beat consensus driven by
revenues from a Sony  6758.T  contract announced in July
 urn:newsml:reuters.com:*:nFWN2ZY2HM 
    ** ABG Sundal Collier says the shares are rising on both the
consensus beat and the proven high profitability of the Sony
revenues, with more to come in H2  urn:newsml:reuters.com:*:nWkr7GrQgT
    ** Tobii's revenue rises 21% organically to SEK 167 mln
($15.6 mln) in the quarter, 12% above a company-compiled
consensus
    ** Q2 adjusted EBIT loss narrows to SEK 50 mln vs loss of
SEK 69 mln expected by analysts
    ** Including Tuesday's rise, the stock has fallen 34% YTD

($1 = 10.7214 Swedish crowns)

 (Reporting by Agata Rybska)
 ((agata.rybska@thomsonreuters.com))