Smartoptics Group AS (SMOP) – Q3 2021 financial results
Oslo, 12 November 2021 – Smartoptics Group AS today reported its results for the third quarter 2021. In Q3, recognized revenue grew by 20 percent Y/Y to USD 11.1 million. Adjusted EBITDA rose to USD 1.3 million from USD 1.1 million in Q3 2020, implying an adjusted EBITDA margin of 11.3 percent. Operating profit (EBIT) was USD 1.0 million in the quarter, resulting in an Operating margin of 9.0 percent. Cash flow from operating activities was USD -3.2 million, compared to USD -0.9 million in Q3 2020, as result of increased inventory to mitigate semiconductor shortage and higher share of