February 27, 2018

Smart Eye Interim report January-December 2017

Summary fourth quarter 2017

  • Net sales totalled SEK 10,506 (14,574) thousand which corresponds to a drop of 28%.
  • Operating profit/loss totalled SEK –14,814 (1,162) thousand, which is in line with the scheduled expansion resulting from investments primarily in staff and geographical coverage.
  • Profit/loss after financial items was SEK –14,894 (938) thousand
  • Profit/loss after tax per share is negative.
  • Cash and cash equivalents totalled SEK 10,262 thousand at the end of December.
  • Smart Eye was awarded 13 design wins with an additional European manufacturer of premium cars.
  • The fourth quarter was characterised by an increase in business activity that is yet to be translated into sales.
  • A directed new issue of SEK 43.6 million was completed after the end of the period.

January–December 2017

  • Net sales totalled SEK 43,199 (40,743) thousand, which represents a rise of 6% year on year.
  • Operating profit/loss totalled SEK –41,463 (–11,159) thousand.
  • Profit/loss after financial items was SEK –41,896 (–12,403) thousand
  • Profit/loss after tax per share is negative.

For more information, please visit the corp site: www.corp.smarteye.se