Tobii Dynavox Year-End Report 2023

STOCKHOLM, Feb. 8, 2024 /PRNewswire/ — Tobii Dynavox AB (publ) today announced its results for the fourth quarter and full year of 2023. 

Comment from the Tobii Dynavox CEO Fredrik Ruben:

“Our strong performance throughout 2023 continues, characterized by a substantial growth in sales and a more than doubled operating profit in the closing quarter of the year. As previously, growth was solid across all geographical areas and user groups. To realize our long-term growth potential, we are committed to investing in new staff, skills and tools to boost the scalability of the business. The low level of awareness regarding communication aids among prescribers and potential users presents an enormous opportunity for us to make a meaningful difference, while also significantly growing our business.”

QUARTER: OCTOBER – DECEMBER 2023   

Revenue grew 31% to SEK 473 million (362). The currency adjusted growth was 30%.  
Gross margin was 69% (65).  
Operating profit totaled SEK 56 million (25), corresponding to an operating margin of 11.9% (6.8).
Cash flow after continuous investments was SEK 63 million (41). 
Basic earnings per share were 0.43 (0.16) while diluted earnings per share were SEK 0.42 (0.16).   

PERIOD JANUARY – DECEMBER 2023  

Revenue grew 33% to SEK 1,613 million (1,216). The currency adjusted growth was 27%.  
Gross margin was 68% (65).  
Operating profit totaled SEK 155 million (82), corresponding to an operating margin of 9.6% (6.8).  
Cash flow after continuous investments was SEK 145 million (-26).  
Basic earnings per share were 0.99 (0.46) while diluted earnings per share were SEK 0.98 (0.46). 
The Board of Directors proposes to the Annual General Meeting that no dividend should be paid for fiscal year 2023.

SIGNIFICANT EVENTS DURING THE QUARTER 

Åsa Hedin, Chair of the Board of Directors of Tobii Dynavox, informed the Nomination Committee on December 11 that she will not stand for re-election at the 2024 Annual General Meeting. The Nomination Committee has therefore initiated the recruitment process to find her successor.

Full story available on Benzinga.com