Smartoptics Group Finalizes Share Capital Increase biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Oslo, 26 October 2022 – Smartoptics Group AS (OSE: SMOP) today reported revenues of USD 13.6 million in the third quarter of 2022, up 23.0% from the corresponding period in 2021 (11.1), and an EBITDA of USD 3.1 million (1.5). The company announced an ambition to up-list to Oslo Børs main market during 2023 and reiterates the long-term revenue ambition of USD 100 million by 2025/2026 and an EBITDA margin of 17-20%.
Oslo, 3 June 2021 - As an innovative provider of optical networking solutions for enterprises and telcos, Smartoptics has grown 27 percent yearly since 2017. Today, the company goes public on Euronext Growth in Oslo, following a successful private placement raising gross NOK 100 million in new equity, enabling a continuation of the company’s strong organic growth.