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Tobii Q3: Products & Solutions weak - SEB

Q3 numbers came in below expectations (-16% for revenue) driven by Products & Solutions (the largest segment) while Integrations held up better than we expected on a tough comparison. According to the company, while performance was weak, September was more encouraging than July-August and the start to Q4 has been solid. The company reiterates its target of break-even EBIT in Q4/23, which it has guided since Q4/22 when it was first achieved.

Q3 numbers came in below expectations (-16% for revenue) driven by Products & Solutions (the largest segment) while Integrations held up better than we expected on a tough comparison. According to the company, while performance was weak, September was more encouraging than July-August and the start to Q4 has been solid. The company reiterates its target of break-even EBIT in Q4/23, which it has guided since Q4/22 when it was first achieved.
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