Smart Eye (Q4 Initial take): Large Automotive Sales Beat - Redeye
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Smart Eye (Q4 Initial take): Large Automotive Sales Beat - Redeye

Redeye notes that Smart Eye’s Q4 showed a solid beat within Automotive Solutions of 19% compared to our estimates, driven by license revenue and AIS. While the soft research market continues to weigh on growth, this was expected and sales from Behavioral Research came in in-line with our forecast with an organic growth of -1%. Larger costs and higher CAPEX than expected made both EBITDA and EBITDA-CAPEX land below our forecasts.

Redeye notes that Smart Eye’s Q4 showed a solid beat within Automotive Solutions of 19% compared to our estimates, driven by license revenue and AIS. While the soft research market continues to weigh on growth, this was expected and sales from Behavioral Research came in in-line with our forecast with an organic growth of -1%. Larger costs and higher CAPEX than expected made both EBITDA and EBITDA-CAPEX land below our forecasts.
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