Tobii's Q3 show positive development in terms of cost reductions, with cash costs at SEK 223m in Q3 versus SEK 276m in Q2/24. On the negative side, organic growth is weaker than expected, albeit offset by recent M&A. We see positive extrapolations on the cost performance although as the company has highlighted parts of acquired FotoNation's sales will decrease in the coming years, extrapolating top line should weigh negatively.
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