Smartoptics Group AS (SMOP) – Q4 2023 financial results
Oslo, 15 February 2024 - Smartoptics Group AS (Smartoptics, OSE: SMOP) today reported revenues of USD 13.8 million in the fourth quarter of 2023 (17.5), and an EBITDA* of USD 2.0 million (2.8), following the previously communicated softness in the 5G market. The underlying development of the core business remains solid, and the company reported full year growth to USD 58.5 million (57.4). The company reiterates the long-term revenue ambition of USD 100 million by 2025/2026 as the market is expected to resume growth during 2024. The Board of Directors proposes a dividend of NOK 0.50 per share.