Norway · Delayed Price · Currency is NOK Smartoptics Group ASA Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 revenue and EBITDA were driven by strong growth in EMEA and the Americas, with a temporary gross margin dip due to a major U.S. customer project. The company is expanding into long-haul networking, targeting $300–$400 million revenue and >16% EBIT margin by 2031, supported by robust demand and ongoing investments.
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Revenue surged 59.6% year-over-year to $22.9 million, with strong growth in Americas and EMEA, and robust order intake. Gross margin improved, EBITDA and EBIT margins rose, and the outlook remains highly positive, with continued investments and updated targets expected in Q2.
Fiscal Year 2025
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Q4 2025 delivered record revenue and strong growth, especially in the Americas and Optical Devices, with robust cash flow and stable margins. Supply constraints in the industry are benefiting new account wins, and the outlook remains positive with continued disciplined investments and focus on core markets.
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Q3 revenue grew 46% year-over-year to $19M, led by strong Americas sales and expanding APAC presence. Gross margin improved, EBITDA doubled, and all business areas grew, with new customer segments and AI infrastructure driving future potential.
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Q2 2025 delivered record revenue and growth, led by strong Americas performance and a major hyperscale win. Strategic focus shifts to doubling or tripling market share by 2030, leveraging AI, new geographies, and M&A, while mitigating tariff impacts and maintaining profitability.
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Record Q1 revenue grew 13.5% year-over-year, driven by strong Americas and APAC performance, while tariffs on Chinese imports caused operational challenges but have since eased. Solutions, software, and services grew 24%, and the company remains confident in its $100M revenue ambition for 2025/2026.
Fiscal Year 2024
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Q4 2024 delivered 22% revenue growth, record invoicing, and strong performance in EMEA and APAC, with new products and large accounts driving momentum. Gross margin improved sequentially, and the board proposes a higher dividend. The $100M revenue target remains, but 2025 achievement is unlikely.
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Q3 2024 saw improved business activity, strong order bookings, and a major partnership win, despite a 4.5% revenue decline year-over-year. EMEA and APAC showed growth, while US softness was mainly due to device sales. Management expects further recovery in Q4.
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Q2 2024 saw a 23.5% revenue decline year-over-year due to the absence of large EMEA projects, but gross margin remained strong at 47.3%. High activity and a robust pipeline support optimism for growth in H2 2024, with new products and industry consolidation creating future opportunities.