"STOCKHOLM (Nyhetsbyrån Direkt) Analyshuset Redeye has increased the reasonable value for the eye tracking company Smart Eye to SEK 270 per share, from the previous SEK 241, in a base scenario."
Ilmeisesti markkina on tykännyt tämän päivän online-showsta. Kiirettä pitänyt, joten meni ohi itseltäni. Tällainen tiedote oli tiistaina tupsahtanut sähköpostiin:
Smart Eye launches the AIS – a complete driver monitoring system for the automotive aftermarket
Smart Eye, leading developer of AI-based eye tracking technology, breaks new ground with the launch of the AIS. After more than two decades of delivering eye tracking software to the automotive industry, the company is launching a complete driver monitoring system to raise safety standards for public transport and commercial vehicles.
For over 20 years, Smart Eye has been the world-leading developer of AI-powered eye tracking solutions for driver monitoring systems. Now, for the first time, the company has combined their state-of-the-art software with their own automotive qualified hardware components. The result is the AIS – a high-quality, but cost-effective, automotive-grade driver monitoring system, which will primarily be offered to commercial vehicle fleets and the automotive aftermarket.
Over 90 percent of all traffic accidents can be linked to human error, often caused by driver distraction, fatigue or intoxication. Regulations mandating driver monitoring systems in commercial vehicles are already in place in China, with similar developments underway in the EU and several other parts of the world. Long-distance drives and night shifts often make drivers of commercial vehicles more exposed to drowsiness or distraction. To prevent this, the AIS uses gaze tracking to ensure that drivers stay focused on the road – reducing the number of road accidents.
To help protect drivers, passengers, pedestrians and other road users, the AIS is equipped with a number of advanced safety features. The system is able to recognize all kinds of faces, even those partly covered by face masks or sunglasses. By tracking the driver’s eye, face and head movements, the AIS detects distraction and dangerous behavior like eating, drinking, smoking or phone use. The system also alerts the driver to early signs of drowsiness.
– What makes the AIS unique is that it’s based on Smart Eye’s long experience within the automotive industry. Over the last few years, we have put all our effort into making sure the AIS is automotive qualified and delivers reliable, precise results. We believe in offering an ultra-high quality system to the market and our goal is that the AIS will be improving road safety in the whole world, says Martin Krantz, CEO and founder of Smart Eye.
On March 11th, 2021, Smart Eye is hosting a live online launch where CEO Martin Krantz will be introducing the AIS. Find out more and register for the event at: https://smarteye.se/smart-eye-ais-live-online-launch/.
Tänään paljon normaalia suurempi vaihto ja +13% taulussa päivälle. Ei pörssitiedotteita tai uutisia ole osunut silmään.
Mitä tästä pitäisi ajatella? Joku ainakin haluaa selvästi ostaa ihan kunnon kasan, mutta miksi. Tulossa ostotarjous ja tieto siitä on vuotanut? Joku rahasto on ottanut kiinni? Jollain on vaan ylimääräistä massia ja ei keksinyt parempaakaan paikkaa?
Mietin jo position myymistä tähän nousuun, mutta olisipa kiva nähdä syykin.
The effects of the pandemic decrease – new opportunities are created
Net sales totaled SEK 18.1 (17.7) million which corresponds to an increase of 2 %.
Operating loss totaled SEK -18.4 (-22.0) million. This improvement is primarily due to a decrease in costs during the quarter.
Profit/loss after financial items was SEK -18.4 (-22.1) million.
Profit/loss after tax per share is negative.
Cash and cash equivalents totaled SEK 201.4 million at the end of March.
In January, a design win was obtained from one of China’s largest OEMs. The new order is for a new car model on a new platform and has an estimated order value of SEK 50 million. This is Smart Eye’s third customer on the Chinese market.
As of first quarter 2021 Smart Eye classifies operating expenses by function instead of nature of expense. This transition has been made to offer a more true and fair view of the Company and its activity.
Laitetaan myös oleellisia poimintoja kommenteista/näkymistä, kun tulevaisuuden kassavirtojen takia tätä omistetaan.
We estimate that the total market potential will be greater than what we have previously communicated for only DMS. Aliarvioivat markkinan kokoa, kun myös erilaisiin ratkaisuihin on ollut intressiä(interior sensing). Tämä ja mahdollisuus myös automotiven ulkopuolelle on se pääsyy itselle omistaa tätä.
AIS: Since the launch, we have had an increasing number of inquiries and we are optimistic about the market for the aftermarket product, which will be sold on a global market. Tämä on hyvä lisä ja voi lähteä yllättävän nopeasti tuomaa kassavirtaa.
Loppusanat: We are looking at several different strategic alternatives in order to best take advantage of the opportunities we are seeing. DMS and, by extension, Interior Sensing are here to stay in the automotive industry, where we are currently the leading supplier. And it is our definite ambitions and goal to remain so in the future. Pullat on uunissa ja mietitään miten vahvistetaan/mihin suuntaan mennään jatkossa. En seuraa kurssia, kun itselle horisontti niin pitkä. Voisin ottaa mielelläni lisää jos aikaisempiin hintoihin ~230kr vielä saan lisätä.
Smart Eye acquires Affectiva and carries out private placement of SEK 275 million (Finwire)
2021-05-26 07:06
The technology company Smart Eye acquires the American tech company Affectiva for 73.5 million dollars, corresponding to approximately SEK 611.4 million, with payment in cash and newly issued shares. It appears from a press release.
The number of new shares issued is 2.35 million, of which 2.02 million will be issued upon completion of the acquisition. The rest will be issued within two years after the store closes.
Affectiva is engaged in the development of Emotion AI and Human Perception AI and had sales of close to 5 million dollars during the twelve-month period until the end of March 2021. The acquisition of the company is stated to be in line with Smart Eyes' commercial strategy to expand into the Interior Sensing market.
In connection with the deal, Smart Eye also announces a directed new issue of SEK 275 million to institutional investors. It has been completed and comprises 1.12 million new shares issued for SEK 245 per share, corresponding to the latest closing price on Tuesday.
The issue entails a dilution of approximately 6.3 percent.
Lisäsin eilen. Kela on sama, tulevaisuuden näkymät ei sinänsä ole muuttuneet.
Kasvuosakkeet ottavat osumaa kun ilmassa on inflaatiohuolia, koska korkojen nostosta seuraisi väistämättä pörssin tuotto-odotusten nousu (tämä kuuluisa diskonttauskorko mistä joku mainitsikin), kun korkopaperit tuottaisivat taas edes jotakin. Tämä vaikuttaa toki kasvuyritysten arvostuksiin, mutta ei mielestäni SmartEyen businekseen, joten riski rajattu.
Itse arvelen että palataan nopeasti iloiseen markkinahumuun missä yleinen uskomus on että keskuspankit kykenevät hallitsemaan kuluttajahintainflaatiota. Tämä vaikuttaa olevan ainakin Financial Timesin haastattelemien salkunhoitajien enemmistön uskomus. Onko itselläni aiheesta parempaakaan tietoa, mielestäni ei. Otin siis kuopan ostosignaalina, ja juurikin tämän lapun kohdalla toivon että tavoistani poiketen voisin vähän treidaillakin. Tämä lappu tulee kuitenkin elämään vahvasti inflaatiohuolten ja huolettomuuden mainingeissa.
STOCKHOLM (Nyhetsbyrån Direkt) Smart Eye has received four design wins from a North American vehicle manufacturer.
It appears from a press release.
The order applies to four new car models on a new platform and has an estimated value of SEK 100 million based on forecasts for the estimated product life cycle.
"All in all, the report shows nothing unexpected and is, in our opinion, a non-event. We maintain our valuation and our positive view." -kommentoi RedEye.
Mr Marketilla näyttää olevan hieman poikkeava näkemys. Aivan kivat pulkkamäet saatiin aikaiseksi. Itseä häiritsi vaisu kommentointi tulevaisuuden näkymistä, mihin koko sijoituscase kuitenkin perustuu.
Lähdin peesaamaan tätä osaketta erään palstalaisen blogivihjeestä, mutta tajusin jossakin kohtaa että omat chopsit eivät riitä tämän markkinan arviointiin mitenkään, ja peesisignaalitkin ovat olleet vähissä. Myin loput laput syyskuun alkuun. Kokonaisuudessaan tuli tappiota reilu 500€, ehkä ihan onnekas tulos loppujen lopuksi, koska näillä spekseillä voisi olla huonomminkin.
Otan tästä (itselleni) seuraavat opit: Sijoitan jatkossa astetta tylsempiin firmoihin, sellaisiin, joiden liiketoimintaa ja markkinaa pystyn ymmärtämään ja tarvittaessa analysoimaan edes vähän itsekin, ja jotka ovat pääsääntöisesti voitollisia. Peesausten osalta pistän painoa arvoa painottaville sijoittajille, koska olen siihen suuntaan kallellani itsekin, ja lisäksi koitan jatkossa tehdä myös omaa analyysiä omistuksista.
Ihan mutupohjalta kuvittelen että kurssia on painanut autojen valmistushaasteet (chipit lopussa) ja toisaalta ettei ole tullut uusia design-winejä.
Inderesin foorumilla on enemmän keskustelua aiheesta ja Punasilmä seuraa.
Strong rebounce post Covid – New exciting perspectives July - September 2021
Net sales amounted to SEK 30.9 (15.2) million, which is an increase of 103% compared to the corresponding period previous year, of which 35% was organic growth.
Operating loss totaled SEK -46.8 (-12.8) million. The acquisition of Affectiva contributes to SEK -11.2 million of the operating result. Depreciation of the surplus value created in conjunction with the Affectiva acquisition amounts to SEK 18.6 million.
Profit/loss after financial items was SEK -46.8 (-12.9) million.
Profit/loss after tax per share is negative.
Cash and cash equivalents totaled SEK 326.3 million at the end of September
In July, four design wins were obtained from a global North American OEM. The order is for four new car models on an existing platform with an estimated order value of SEK 100 million, and 1st of October an additional design win with an existing Japanese customer was communicated. Estimated order value SEK 25 million.
"Redeye has a positive view on the acquisition of iMotions. The acquisition further strengthens Smart Eye’s offering in interior sensing and displays Smart Eye’s large ambitions also within Research Instruments. The acquisition is followed by a share issue, leading to a shareholder dilution of 11%. As of now, we maintain our valuation."
"At the same time, Smart Eye made a directed new share issue of SEK 220m towards Swedish and international institutional investors. This leads to a further dilution of 6.0%. The directed share issue was made at a share price of SEK 183, i.e. no discount to yesterday’s share price, which should be viewed as a sign of strength."
Toyota, Nissan, GM jump-start production as chip crunch eases
Toyota Motor and Nissan Motor are among global automakers that plan to ramp up output in the near term, sharply reversing course on recent production cuts caused by the chip shortage.
Nissan aims to increase production in the second half by nearly 300,000 units compared with the first half, according to plans shared with suppliers. In discussing the output boost during Tuesday’s earnings briefing, Chief Operating Officer Ashwani Gupta cited a clearer view of the semiconductor sourcing situation.
For the full year through March 2022, Nissan revised its global sales outlook to 3.8 million vehicles, down from 4.4 million units. The automaker upgraded its full-year operating profit forecast to 180 billion yen ($1.59 billion) for the year through March 2022, which would represent a turnaround from the 150.6 billion yen loss in fiscal 2020
Smart Eyen kurssi ottaa näemmä osumaa kilpailijan (Seeing Machines) julkistettua suurimman "design winsinsä" koskaan. Diili kattaa niin kuljettajan kuin sisätilojen tarkkailun. Ostaja on saksalainen autofirma, Redeyen arvioiden mukaan Volkswagen. Huomion arvoista kuitenkin on, ettei Volkkari kuulunut Redeyen laskelmiin, joten se ei tee tavoitehintoihin muutoksia uutisen perusteella.
Pitkästä aikaa myönteistä uutista Smarteye:n osalta. Kurssikin näytti piristyneen.
Smart Eye receives one new Driver Monitoring System (DMS) design win from one of Europe’s largest OEMs. The estimated revenue of the order is SEK 50 million based on estimated product life cycle projections. The potential of further design wins on this new platform is estimated at SEK 500 million.
Smart Eye, the leading developer of AI-based DMS software to the automotive industry, has received a major order from a global Tier-1 supplier for delivering to a major European OEM, one of the largest automotive brands in a group of car manufacturers. Together, this group is one of the largest vehicle producers in the world, focusing on cars in the mid-segment.
The new nomination means Smart Eye will deliver its driver monitoring software, compliant with recent regulation, to one new car model on a new platform. The model to include Smart Eye’s DMS software is estimated to go into production in mid-2024. The car is intended for the mass-market segment.
“Yet another large carmaker is now secured for our automotive software offering, after a long and competitive procurement. We are confident that this order will not only lead to more deals on the same car platform, but also to put us in pole position for more business in the group to which this OEM belong. Furthermore, Smart Eye’s market leadership for DMS creates a strategic foothold which we intend to use for Interior Sensing, the next large industry trend,” said Martin Krantz, CEO of Smart Eye. “This win reinforces that the industry – driven by regulatory tailwind – is rapidly sourcing these critical safety system that will save lives on roads around the world.”
Smart Eye has now received a total of 90 design wins from 14 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 2,325 million. Estimated value over the product lifecycle from possible additional design wins with the car manufacturers on existing platforms is now SEK 4,475 million.
Kuuluu mielestäni sarjaan hyviä tulevaisuudenosakkeita, kunhan pääsee kunnolla kassavirran kautta positiiviselle kasvu-uralle ilman sijoittajilta tarvittavaa lisärahoitusta. Esim. BBS on samanlainen, hyvä lupaus, joka kohta tarvitsee taas sijoittajien lisarhaa ja osakkeet liudentuvat. Mukaan vasta sitten kun kassavirta järkevä.
Onneksi osasin itse ottaa tästä sormet irti ja jäin jopa 50 euroa voitolle kaikki kaupat yhteen laskien. Big win.
Kasvuyhtiöt on todella haastavia sijoituskohteita. Tälläkin firmalla on järkevä tuote ja järkevää tarinaa, mutta sijoittaja saa olla koko ajan sormi liipaisimella, joko ostonapilla tai myyntinapilla. Ja pitää myös osata myydä tappiolla oleva positio jos asiat menee huonoon suuntaan.
En lähde tässä kohtaa uudestaan mukaan, mutta kyllähän tätä kannattaa tarkkailla. Voittokin voi olla iso jos käänne lähtee ja rakettiin on polttoainetta.
