Smartoptics Group AS (SMOP) – Q2 and first-half 2021 financial results
Oslo, 10 August 2021 – Smartoptics AS today reported its results for the second quarter and first half 2021. In Q2, recognized revenue grew by 62 percent Y/Y to USD 12.4 million. Adjusted EBITDA was USD 1.4 million (increase of 286 percent vs Q2 2020), implying an EBITDA margin of 11 percent. Operating profit (EBIT) was USD 1.0 million, up from USD 0.2 million in Q2 2020. Cash flow from operating activities was USD 2.3 million, up from USD -0.4 million in Q2 2020.“We have concluded our first quarter as a publicly-listed company with strong results. Our revenue growth accelerated in Q2, our