What They Say
LEDInside reported that Microoled of Grenoble, France has said that it has received approval for an IPO on the Euronext Growth market. This is the first step in a planned IPO.
The company said that its sales have grown ‘close to 35% per year since 2017’ and has ‘solid profitability’. Turnover was €20.2 million in 2020. It also said that it has clients in more than 25 countries and that more than 95% of its business comes from outside France. It also said that it has already produced and sold more than one million microdisplays to date and said that its goal is to exceed €50m in revenue by 2024 and €110m from 2026
Application developments include early collaborations with the Julbo sport glasses brand, for its EVAD-1 connected glasses model – which is said to offer cyclists a complete set of performance indicators – and more recently, the manufacturer Cosmo Connected with its Cosmo Vision model launched at the end of 2021, which offers urban cyclists a real-time, secure display of navigation data.
There is an extended interview with the firm for francophones here. Eric Marcellin Dibon highlights in the interview that the firm is looking to enable smartglasses as a platform for many different sport and professional applications.
What We Think
There are a few of my annual event trips that I have missed in recent years and the annual CEA-LETI open day in Grenoble is one of them. The research institute acts as a hub for semiconductor developments and microOLEDs and microLEDs. The proximity of great places to cycle are, of course, entirely coincidental! (BR)
