Smartoptics Group AS (SMOP) – Q4 and full year 2021 financial results
Oslo, 11 February 2022 - Smartoptics Group AS today reported its results for the fourth quarter 2021. In Q4, recognized revenue grew by 7.4% Y/Y to USD 12.5 million, bringing full-year revenue to USD 45.9 million, which represents a 31.3% increase Y/Y. Adjusted EBITDA rose to USD 1.5 million from USD 0.9 million in Q4 2020, implying an adjusted EBITDA margin of 11.7%. Operating profit (EBIT) was USD 1.2 million in the quarter, resulting in an Operating margin of 10.0%. Cash flow from operating activities was USD 2.1 million, compared to USD 1.4 million in Q4 2020."Smartoptics closed the