Smartoptics Group AS (SMOP) – Q1 2022 financial results
(Oslo, 4 May 2022) Smartoptics Group AS (Smartoptics, OSE:SMOP) today reported revenues of USD 11.8 million in the first quarter of 2022, up 18.3% from the corresponding period in 2021 (10.0), and an EBITDA of USD 1.8 million (1.5). The company reiterates the long-term revenue ambition of USD 100 million by 2025/2026 and an EBITDA margin of 17-20%."2022 started with yet another quarter with continued revenue growth and solid profitability, driven by the continued strong trends with increased global data traffic, streaming, 5G rollouts, cloud computing and internet of things leading to an