Revenue Growth & Unit EconomicsMulti-year revenue expansion combined with consistently high gross profit points to durable end-market demand and attractive per-unit economics. For a software/algorithm provider like Smart Eye, this suggests sales scale and margin leverage as automotive design wins convert to higher production volumes.

Improving 2025 Operating TrajectoryA near‑breakeven EBITDA and materially reduced cash burn in 2025 indicate the business model is moving toward operational sustainability. If sustained, this reduces financing dependency, improves runway for commercialization of DMS programs, and increases likelihood that design wins convert into profitable volumes.

Equity-supported Balance SheetA relatively large equity base versus assets has historically provided a cushion while the company scales. That equity support improves creditor confidence and allows management to invest in R&D and integration work required to win OEM programs during the multi‑year commercialization cycle.

Bears Say

Persistent Negative Cash FlowConsistent negative operating and free cash flow means the business consumes cash to fund growth and operations. This structural cash burn raises ongoing financing needs and dilution risk, makes capital access a recurring dependency, and increases sensitivity to market funding conditions.

Rising Leverage In 2025A sharp increase in debt in 2025 shifts the company from a low‑leverage position to higher financial risk. Elevated leverage raises interest and refinancing obligations, reduces flexibility for R&D or integration investments, and heightens downside risk if revenue ramps or margin improvements slip.

Structural UnprofitabilityRecurring negative EBIT and net losses across the multi‑year record indicate profitability remains unproven. Even with 2025 improvements, continued negative earnings signal execution and margin risks; failure to sustain operating leverage would prolong funding needs and pressure strategic options.

SEYE FAQ

What was Smart Eye AB’s price range in the past 12 months?

Smart Eye AB lowest stock price was kr42.85 and its highest was kr92.90 in the past 12 months.

What is Smart Eye AB’s market cap?

Smart Eye AB’s market cap is kr2.21B.

When is Smart Eye AB’s upcoming earnings report date?

Smart Eye AB’s upcoming earnings report date is May 19, 2026 which is in 88 days.

How were Smart Eye AB’s earnings last quarter?

Smart Eye AB released its earnings results on Feb 17, 2026. The company reported -kr1.309 earnings per share for the quarter, missing the consensus estimate of N/A by -kr1.309.

Is Smart Eye AB overvalued?

According to Wall Street analysts Smart Eye AB’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Smart Eye AB pay dividends?

Smart Eye AB does not currently pay dividends.

What is Smart Eye AB’s EPS estimate?

Smart Eye AB’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Smart Eye AB have?

Smart Eye AB has 37,953,934 shares outstanding.

What happened to Smart Eye AB’s price movement after its last earnings report?

Smart Eye AB reported an EPS of -kr1.309 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -19.097%.

Which hedge fund is a major shareholder of Smart Eye AB?

Currently, no hedge funds are holding shares in SE:SEYE

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Smart Eye AB

Smart Eye AB (publ) develops human insight artificial intelligence (AI) technology solutions that understands, supports, and predicts human behavior in the Nordics countries, rest of Europe, North America, Asia, and internationally. The company offers driver monitoring systems and interior sensing solutions for automotive market; and AIS, an end-to-end driver monitoring hardware and software system for fleet and aftermarket. It also provides various behavioral research products, including smart eye research instruments under the Smart Eye Pro, AI-X, XO, and Aurora names, as well as offers smart recorders, software, and analysis services to automotive, aviation and aerospace, media and marketing, psychology and neuroscience, and behavioral research industries. In addition, the company offers media analytics platform comprising emotion AI for video testing, cloud-based service used for analyzing images and videos of humans expressing emotion to support qualitative research, and software development kits that enable developers to incorporate emotion sensing to their apps and digital experiences; and iMotions, a human insights software to collect and analyze human behavior data through eye tracking, galvanic skin response, facial expression analysis, EEG, EMG, and ECG on one convenient platform. Smart Eye AB (publ) was incorporated in 1999 and is headquartered in Gothenburg, Sweden.