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Smartoptics Group (SMOP) investor relations material
Smartoptics Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q4 revenue of $23.2 million, up 37.7% year-over-year, and full-year revenue of $75.3 million, up 35.6% year-over-year, with strong growth across all product areas and geographies.
Business momentum driven by large account strategy and AI-related data center interconnect demand, especially in the U.S. and Europe.
Disciplined investments ensured OPEX grew slower than revenue, supporting profitable growth.
Positioned as a leading challenger, outpacing competitors except in hyperscale build-outs.
Uplisting to Euronext Oslo main board completed, increasing visibility and liquidity.
Financial highlights
Q4 2025 revenue was $23.2 million, up 37.7% year-over-year, with full-year revenue at $75.3 million, up 35.6%.
Q4 gross margin was 46.1% (down from 49.0% last year) due to inventory-related one-offs; full-year margin stable at 47.8%.
Q4 EBITDA was $3.6 million (15.3% margin), up from $2.4 million; full-year EBITDA was $9.7 million (12.9% margin), with adjusted margin of 13.9% excluding uplisting costs.
Q4 net income was $2.8 million, with basic EPS of $0.029; full-year net income was $4.7 million, with basic EPS of $0.048.
Cash and cash equivalents at year-end were $7.3 million; operating cash flow for Q4 was $6.8 million, and for the year $8.5 million.
Outlook and guidance
Targets 2–3x market share growth by 2030 and 13–16% EBIT margin, focusing on AI-driven capacity expansion and large account penetration.
Expects market growth of 5–6% annually through 2030, with updated projections in H1 2026.
Gross margin expected to remain in the 47–50% range for the foreseeable future.
Focus remains on core markets and organic growth; M&A not a current priority.
Plans to leverage software automation and AI for expansion in large accounts and emerging markets.
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