Redeye notes that Smart Eye's Q2 was softer than expected, with Automotive missing on what we believe is a lower realised European market sh...
Redeye notes that Smart Eye's Q2 2026 report fell short of our expectations, with the miss driven entirely by the Automotive segment, where ...
Redeye provides a preview ahead of Smart Eye's Q2 2026 earnings report, scheduled for release on August 26.
Markets have rewarded our recent conviction. In this update, we trim one position back to 5%, taking profits after a strong, catalyst-driven...
Redeye updates its estimates for Smart Eye following the Q1 2026 report, which represents a significant inflection point in the investment t...
Redeye notes that Smart Eye's Q1 2026 result was strong on almost all metrics, with the Automotive Solutions beat being the primary driver.
Redeye raises its Automotive estimates for Smart Eye ahead of the Q1 report following Seeing Machines’ quarterly KPI update, which showed a ...
Redeye expects Smart Eye's Q1 2026 report to show net sales of SEK114m, an EBITDA of SEK11m, and EBITDA-CAPEX of SEK-16m.
In this update, we are refining the portfolio’s balance between high-conviction growth and rigorous capital discipline.
Redeye has conducted channel checks with six automotive resellers in Sweden to assess the real-world pace of the DMS production ramp ahead o...
Redeye comments on Smart Eye's SEK40m agreement with a European police authority for AI-based drug impairment detection, the first deploymen...
Smart Eye delivered a strong Q4 within Automotive, significantly outperforming our expectations, while temporary cost effects and a softer B...
Redeye notes that Smart Eye’s Q4 showed a solid beat within Automotive Solutions of 19% compared to our estimates, driven by license revenue...
Redeye expects Smart Eye’s Q4 report, due 17 February, to show 13% y/y net sales growth and to reach an EBITDA of SEK18m.
Redeye comments on Smart Eye’s acquisition of Sightic, which removes the most meaningful competitive threat in camera-based alcohol impairme...
Smart Eye has reached a key milestone by being selected by a Japanese OEM to supply DMS software including alcohol impairment detection, wit...
Smart Eye has successfully issued a SEK300m senior unsecured bond at 3M STIBOR + 7%, which we view as highly favorable given the company’s s...
Redeye comments on Smart Eye exploring the issuance of a SEK300m senior unsecured bond.
Smart Eye’s Q3 report tracked closely with our expectations, with Automotive once again acting as the primary growth engine.
Redeye notes that Smart Eye’s Q3 was very in-line with our expectations, with only a minor deviation on sales and a slight beat on EBITDA-CA...
Redeye expects Smart Eye’s Q3 report, due 14 November, to show 27% y/y net sales growth and to reach an EBITDA of SEK12m.
Smart Eye secures a milestone AIS order from fleet safety provider Optix, marking the first large-scale aftermarket deployment of its driver...
Redeye updates its estimates on Smart Eye following the Q2 2025 report.
Redeye notes that Smart Eye’s Q2 reflected underlying solid performance, with Smart Eye reaching a key milestone in posting positive EBITDA ...
Redeye revises its estimates for Smart Eye following interesting industry developments.
Redeye notes that Smart Eye’s Q1 reflected mixed performance due to weaker than expected sales in both Automotive and Behavioral Research, b...
Redeye provides a brief comment on Smart Eye’s newly proposed long-term incentive program for employees.
Redeye expects Smart Eye’s Q1 report, due May 13, to show 12% y/y net sales growth and an EBITDA improvement to SEK-10m from SEK-23m last ye...
Redeye is pleased to note that Smart Eye announced two new design wins worth SEK200m today with an upside potential as a software Tier-1 tot...
Redeye concludes that Smart Eye's Q4 2024 report was even better than it looked at first sight.
Redeye notes that the underlying Q4 figures came in stronger than anticipated, primarily due to better-than-expected sales in both Automotiv...
Redeye is pleased to note that Smart Eye announced two new interior sensing design wins worth SEK100m today, hopefully marking the start of ...
Redeye expects Smart Eye’s Q4 report, due 18 February, to show a 4% y/y sales growth and an EBITDA improving to SEK-16m from SEK-27m last ye...
Smart Eye has announced an agreement to license iris recognition technology from Fingerprint Cards for a maximum consideration of SEK50m.
Redeye comments on the recent funding by Smart Eye’s main competitor, Seeing Machines, which has entered into a new partnership with Mitsubi...
Redeye states that while Automotive sales came in as expected, Behavioral Research’s unexpectedly weak quarter made overall Q3 sales fall be...
Redeye notes that Q3 came in softer than anticipated, primarily due to weaker-than-expected sales in Behavioral Research, while Automotive s...
Redeye comments on Smart Eye's announcement about extending its credit facility by SEK150m.
Redeye expects Smart Eye's Q3, due 14 November, to show a 21% y/y sales growth, EBITDA of SEK -19m, and EBITDA-CAPEX of SEK -42m.
Redeye states that the Q2 report came in weaker than expected, with both sales and costs surprising negatively.
Redeye concludes that Q2 came in softer than Redeye had estimated, both in terms of lower sales and higher costs.
Smart Eye today announced 35 new design wins worth SEK700m - a combined order of five different OEMs from a global tier-1.
Redeye expects Smart Eye's Q2, due 21 August, to show a 42% y/y sales growth and a mere SEK4m EBITDA loss.
Redeye provides a research update following Smart Eye’s Q1 2024 report.
Redeye concludes that Q1 came in below its topline expectations, but in line on EBITDA-CAPEX (underlying burnrate), due to better-than-expec...
Smart Eye’s CEO Martin Krantz and CFO Mats Benjaminsson presented the background and purpose of the directed share issue of SEK150m, followe...
Redeye gives its estimate changes in Smart Eye following the recent news flow in the company.
Redeye provides its initial comments following Smart Eye’s directed share issue of SEK150m, announced last night.
Redeye views today's contract from Smart Eye as a breakthrough in AIS.
Redeye provides a brief comment on Smart Eye's second Interior Sensing deal that it was announced earlier today.
Redeye provides a comment following Smart Eye's announcement of its first interior sensing contract.
Redeye in this note comments on today's follow-up contract of SEK160m for Smart Eye and adds a table of our estimates per segment to provide...
Redeye provides a research update on Smart Eye following the Q4 2023 report.
Redeye hosted Smart Eye for a Live Q. Management of Smart Eye presented the company’s quarterly report, followed by a Q&A.
Redeye in this note provides a quick first comment on the Smart Eye year-end report.
Redeye has made minor estimate changes ahead of the Smart Eye year-end report due in two weeks on February 21.
Redeye is impressed by today’s mega-deal of SEK1.55 bn for Smart Eye.
Redeye is pleased to note that Smart Eye has received two new contracts for a total of SEK 300m and 21 car models.
Redeye has opened an Analyst Q&A in conjunction with the latest research update on Smart Eye.
Redeye states that the Smart Eye investment case is now playing out exactly according to plan.
Redeye concludes that the Q3 report came in right on its estimates on practically all fronts - implying strong growth and cash flow under co...
Redeye makes a slight downward adjustment to its Q3 estimates following some additional data points.
Redeye highlights its key assumptions ahead of the Q3 report, due 9 November.
Redeye thinks today's announcement of 12 new design wins with a new OEM customer only marks the beginning of a period with many similar anno...
Redeye thinks the Q2 was strong - both confirming the inflection point in Automotive and regarding cash flow.
Redeye concludes that Q2 was strong, particularly regarding the most important aspects - Automotive sales and cash flow.
Redeye comments on Smart Eye's breakthrough deal for AIS with Linde.
Redeye states that the Q1 report was solid, but not great.
Redeye notes that Smart Eye’s competitor Tobii yesterday received its first design win, though small (Redeye estimates SEK33m per year).
Redeye thinks the change of CFO appears to be a change of co-pilot from the CEO, rather than Martin Bjuve (leaving CFO) quitting.
