Smartoptics Group As (SMOPF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Hotel Continental and good morning also to you online. It's a fantastic and sunny day in Oslo and it is a fantastic day for smart optics and a great quarter that we are going to talk about today. I want to start by just a few thoughts to my staff and my team. Thank you very much to operations for always being there, supporting us through the quarter and also supporting us through the relocation of production in Q2. I want to address all of our staff that, much like me, have spent their life contributing to the optical networking industry. Very few people get to contribute to technical innovation that changes humanity forever once. We are starting our second time around now. That's a luxury. To the new people who have joined Smart Optics, warm welcome. You have a beautiful future ahead in this industry. Stepping to the quarter, obviously super strong momentum and really, really good progress overall and in some of our strategic areas that we've been talking about for a couple of years now. I want to start this conversation around the market that we are in. And I think today versus about a year ago or two years ago, there is no doubt the market projections for our market for the coming five year period and beyond look much, much more attractive than they did previously. It seems like consensus is somewhere high single digit to low double digit growth over the coming five years of the industry. So in particular, Signal AI, which is the analyst firm that we have been using for reference, is projecting $16.5 billion in 2025 to grow to $24.7 billion in 2030. It's not difficult to find higher estimates than this. And some people will say this is only a 10% growth. What's all the fuss? I would like to remind you that smart optics game has always b...