Smart Eye's automotive revenue more than doubled as the EU driver-monitoring rule bit
The Swedish driver-monitoring supplier reported 128 percent organic growth in its automotive business, with royalty revenue from cars already in production up more than 200 percent in the quarter.
Smart Eye reported second-quarter group net sales of SEK 141 million against SEK 92 million a year earlier, a rise of 53 percent, in an interim report disclosed on August 26.
The automotive business accounted for most of the increase, growing from SEK 42 million to SEK 93 million, or 128 percent organically. License revenue, which the company earns per vehicle built with its driver-monitoring software, rose by more than 200 percent in the quarter. Smart Eye said the number of car models in production with its software rose from 155 to 175, and that 20 of its 24 automotive customers now have software in series production, against 15 a quarter earlier. The company reported 379 design wins in total and estimated the remaining lifetime order value of its automotive contracts above SEK 7.6 billion.
Chief executive Martin Krantz attributed the royalty growth to the European requirement for advanced driver distraction warning, which has applied to all newly registered cars in the European Union since July 7, 2026.
Gross margin for the first half was 91 percent. Second-quarter EBITDA was SEK 27 million, an improvement of SEK 26.4 million year on year. The company’s Behavioral Research division, which sells to academic and commercial research customers, declined 7 percent organically.
Source: Smart Eye interim report Q2 2026