poLight ASA ( (DE:3OL0) ) has issued an update.
During Q4 2024, poLight ASA reported ongoing high market activity despite low revenue, with significant customer engagements in AR/MR market segments. The company is enhancing its market presence with several collaborations and product launches, including partnerships with Wooptix, Transcend Vivoscope, and Thorlabs. The company also relocated its headquarters to Tønsberg, Norway, and participated in major industry events like CES and SPIE AR/MR. These efforts are aimed at solidifying poLight’s position in the evolving AR/MR market, although high-volume business is anticipated in the future.
More about poLight ASA
poLight ASA, based in Tønsberg, Norway, specializes in state-of-the-art tunable optics technology, utilizing proprietary polymer and piezo MEMS technology. Founded in 2005, the company offers products like the TLens®, which enhances cameras in AR/MR devices, smartphones, wearables, and more, providing features like ultra-low power consumption and fast focus. With over 160 patents, poLight serves various consumer, industrial, and healthcare markets globally.
YTD Price Performance: -32.41%
Average Trading Volume: 3,980
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €41.02M
See more insights into 3OL0 stock on TipRanks’ Stock Analysis page.