Smartoptics Group AS (SMOP) – Q2 2024 financial results
Oslo, 15 July 2024 - Smartoptics Group AS (Smartoptics, OSE: SMOP) today reported revenues of USD 13.0 (17.0) million in the second quarter of 2024, and an EBITDA* of USD 1.0 (3.2) million, reflecting continued softness in the market as previously communicated. Anticipating a recovery in the market during the second half of 2024, the company maintains its revenue ambition in the range of USD 100 million by 2025/2026.“Smartoptics is in an ideal position to benefit from the robust and lasting growth trends within optical networks, fueled by the increasing demand for bandwidth. The revenue