Tobii shines on 'broad based' Q4 beat
13/01/2023 08:41
** Shares in Tobii TOBII.ST rise 18% following a Q4
update, where the Swedish eye tracking technology company said
it expects its EBIT to be positive and "above recent guidance
and market expectations"
** The company sees Q4 revenue to be in the range of SEK 250
million to SEK 265 million, which according to ABG Sundall
Collier is 15% above consensus
** The brokerage points out that the broad based beat, not
only based on the Sony deal announced in July, could suggest
that Tobii is in talks with other VR companies for future deals
** At the same time, the company reiterates its targets,
which Handelsbanken says is "likely due to the market
uncertainty"
** Both brokers currently rate the stock "buy"
** Share on track for a best day since July 1, when it
closed 21.1% higher
(Reporting by Agata Rybska)
((agata.rybska@thomsonreuters.com))