Smart Eye Q3: Solid growth in both areas

Research Instruments grew 27 % y/y to SEK 9m, which is a substantial, sequential improvement (+51 % compared the previous quarters of 2018). We note also that Tobii who also reported earlier today only grew 10 percent in its Tobii Pro area, although we are careful not to jump to conclusions here (Tobii Pro has grown faster than Smart Eye during the previous quarters). 

Applied Solutions managed to grow 7 percent to sales of SEK 6m while at the same time the purchasing processes are  "being managed in a commendable manner". No changes were made in the estimated total design win values (SEK 675 for the  23 design wins and SEK 2000m for all models on the five platforms)

As we predicted, there is no major news in the report that could make us change our perception.