Smartoptics Group AS

Report Publication Announcement • Apr 26, 2022

Smartoptics Group AS (SMOP) Annual Report 2021

Smartoptics Group AS (SMOP) Annual Report 2021

Smartoptics Group AS (SMOP) has today, April 26, 2022, published its annual

report for 2021. The annual report was approved by the Board of Directors on

April 25, 2022. The report is based on IFRS.

2021 was very significant year for Smartoptics with several key milestones

achieved. Smartoptics is well under way to reaching our strategic objective to

grow the company to become a recognized leader in Open optical Networking

solutions. In 2021, we have received orders from- and delivered network

solutions to larger customers than ever before, and we have established new

partnerships with important stakeholders in our industry. The endorsement of our

strategy from customers and partners is strong.

Highlights:

· Revenue of NOK 394 million (USD 45.9 million) and revenue growth in USD of

31.9%

· EBITDA margin of 13.6 % and EBIT margin of 10.1 %

· Release of new product family DCP-F and announcement of DCP-R product family

· Business with major US TowerCo ramped up during second half of year

· Growth in Communication Service Provider segment of 67% and Internet Content

Provider of 54%

· Solutions business accounted for 58% of revenue, Services & Software 5% and

Devices 37%

The annual report is also published at www.smartoptics.com

For further information, please contact:

Magnus Grenfeldt

CEO Smartoptics

+46 73-366 88 77

E-mail: magnus.grenfeldt@smartoptics.com

Mikael Haag

CFO Smartoptics

Phone: +46 704 264 872

E-mail: mikael.haag@smartoptics.com

About Smartoptics

Smartoptics provides innovative optical networking solutions and devices for the

new era of open networking. Our customer base includes thousands of enterprises,

governments, cloud providers, Internet exchanges as well as cable and telecom

operators. We have an open networking approach in everything we do which allows

our customers to break unwanted vendor lock-in, remain flexible and minimize

costs. Our solutions are used in metro and regional network applications that

increasingly rely on data center services and specifications. Smartoptics is a

Scandinavian company founded in 2006. We partner with leading technology and

network solution providers such as Brocade, Cisco and Dell and have a global

reach through more than 100 business partners.

For additional information about Smartoptics, please visit

https://www.smartoptics.com