Smartoptics Group AS (DE:3YL) has released an update.
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Smartoptics Group AS reported lower second-quarter revenues and EBITDA due to market challenges but maintained a consistent gross margin amidst cost discipline efforts. The company remains optimistic about a market recovery in the latter half of 2024, bolstered by new product launches, promising traction in larger networks, and ongoing negotiations with potential large clients in various regions.
For further insights into DE:3YL stock, check out TipRanks’ Stock Analysis page.
