Smartbox Buy Helps Tobii Sales Increase
April 29 2019
Eye-tracking hardware and software firm Tobii AB has reported results for the first quarter of 2019, with net sales up 20% in constant currency terms, to SEK 393m ($US 41.3m). With continuing high investment in R&D division Tobii Tech, operating loss was SEK -37m ($US 3.9m).
Some of the sales increase was the result of the acquisition last year of British company Smartbox.
During the quarter, Tobii presented its new IS5 eye-tracking platform – with Dell launching the Alienware Area 51-m gaming notebook as the first product with integrated IS5; announced a contract with HTC for delivery of eye-tracking technology with its Vive Pro Eye VR headset; and launched the next generation of Tobii Aware, a software solution that enables more intuitive computers. However, the firm’s integration of Smartbox has been delayed after competition regulator the CMA said it was looking into the buy, with a decision expected in July.
Since 1st April, Tobii’s co-founder Mârten Skogö left his position as Chief Science Officer, and has been proposed as a new member of Tobii’s Board.
CEO Henrik Eskilsson (pictured) said: ‘Tobii has had a good start of the year with sales increases in all business units… Sales also grew sequentially despite a strong fourth quarter in 2018. In addition, the operating margin at Tobii Pro remained high at 20% also in this quarter. With continued breakthroughs in new segments and markets, as well as operating costs that have leveled off, I am optimistic about the continuation of the year’.
Tobii has around 1,000 employees, is headquartered in Sweden and is listed on Nasdaq Stockholm, with a home page at www.tobii.com .