Smartoptics Group Third Quarter 2023 Earnings: EPS: US$0.012 (vs US$0.026 in 3Q 2022)

Smartoptics Group (OB:SMOP) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$13.6m (up 1.1% from 3Q 2022).
• Net income: US$1.17m (down 53% from 3Q 2022).
• Profit margin: 8.6% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.012 (down from US$0.026 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Smartoptics Group Earnings Insights

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Communications industry in Europe.

Performance of the market in Norway.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Smartoptics Group's balance sheet and an in-depth analysis of the company's financial position.

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