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- Quarterly reports
Smartoptics Group Quarterly Report Q3 – 2020
OSLO, October 20, 2020 - Smartoptics Group AS today reported its financial results for the
quarter ending September 30, 2020. Smartoptics Group provides innovative optical
networking solutions and devices for the new era of open networking. The company focuses
on solving network challenges and increasing the customers efficiency. Smartoptics
customer base includes thousands of enterprises, governments, cloud providers, Internet
exchanges as well as cable and telecom operators. Smartoptics Group leverages modern
software design principles and expand network horizons by having an open networking
approach. This allows the customers the freedom to remain flexible and reduce costs. The
products are based on in-house developed hardware and software, enhanced through
associated services.
Summary of Quarter Q3 2020
Financial Highlights:
- Q3 Revenue of USD 9.3 million (Jul-Sep), USD 23.6 million Year-to-Date (Jan-Sep). Growth
- of 40,9% compared to Q3 2019.
- Gross Margin of 40.9% Q3 (Jul-Sep), 39.8% YTD (Jan-Sep).
- EBITDA of USD 1.2 million and 12.4% Q3 (Jul-Sep), USD 1.4 million and 5.8% YTD (Jan-
- Sep).
- Cash Flow for the period (Jan-Sep) was USD -0.7 million.
