Tobii AB (publ) TOBII

Stockholm | Technology | Eye tracking and interior sensing (DMS/OMS)
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Updated: 29 Aug 2026 Base analysis: 6 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

NEUTRAL Clear

Wait/reassess after the H1/Q2 report and a clearer plan for the 2027 tax liability; possibly maintain a small monitoring position rather than adding before financing risk decreases.

Design wins in Automotive increase visibility while the low cash position and upcoming 2027 tax liability maintain a balanced risk/reward profile.

Market sentiment Neutral ↑
Trend: Improving

Institutional sentiment is negative after the report and the sharp share price drop, while retail investors view the share as undervalued.

Risk assessment High
Dilution: High Cash remains low relative to upcoming commitments (including tax deferrals maturing in 2027) and
Jurisdiction: Low Swedish listing; operations in stable markets
Execution: High Repeated misses and weak AutoSense execution history
Cash flow: 9 mo

NEUTRAL is the call. Neutral is the market mood. High risk means a lot can go wrong.

Latest change
  • 29 Aug 2026 — Report shows lower revenue driven by weak AutoSense delivery and strained liquidity.

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About the company

Tobii AB (publ) develops and sells eye-tracking and interior sensing solutions, including driver and occupant monitoring (DMS/OMS) for the automotive industry. The company is in a restructuring/transition phase with cost cuts and a strategic review following major impairments. Near-term liquidity and financing risk is a key investment driver.

Sector: Eye tracking and interior sensing (DMS/OMS)
Type: Tech
Next report (Q3)
22 Oct 2026
Catalysts
◌
2028
Expansion to new vehicle platform Medium
Bull case

Design wins in DMS and improved cash flow in Q1 provide increased revenue visibility in Automotive.

Bear case

Low cash and the upcoming 2027 tax liability create continued liquidity risk.

Why this signal

Design wins in Automotive increase visibility while the low cash position and upcoming 2027 tax liability maintain a balanced risk/reward profile.

Recent news
  • Tobii published the Q2 report on 28 August with net sales of 154 MSEK, down 46 % year-over-year. The share fell 20.5 % to 1.28 SEK on high volume. The company announced an ongoing strategic review, a new 25 MSEK credit facility and further cost reductions in Autosense. Liquidity is described as strained with net debt of 511 MSEK.

Key figures

Revenue
Q2 2026
SEK 154M
EBITDA
Q2 2026
SEK 15.0M
Net income
Q2 2026
SEK -5.0M
Cash
SEK 37.0M
Total debt
SEK 511M
Gross margin
Q2 2026
81.9%
Exchange
Stockholm
Type
Technology
Sector
Eye tracking and interior sensing (DMS/OMS)
Tobii AB (publ) TOBII
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