Smartoptics Anticipates Recovery with Consistent Margins

Smartoptics Group AS (DE:3YL) has released an update.

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.

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