Option
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
---|---|---|---|---|---|---|---|
Revenues | 18.2m | 17.8m | 16.2m | 21.1m | 20.0m | 18.2m | 21.8m |
% growth | - | (2 %) | (9 %) | 30 % | (5 %) | (9 %) | 20 % |
EBITDA | (2.0m) | (2.8m) | (1.7m) | <1m | - | - | - |
% EBITDA margin | (11 %) | (16 %) | (10 %) | 3 % | - | - | - |
Profit | (4.9m) | (4.8m) | (4.1m) | (2.1m) | - | - | - |
% profit margin | (27 %) | (27 %) | (25 %) | (10 %) | - | - | - |
R&D budget | <1m | <1m | <1m | 1.4m | - | - | - |
R&D % of revenue | 2 % | 1 % | 1 % | 7 % | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | $10.0m | Late VC | |
Total Funding | AUD15.5m |
Recent News about Option
EditOption.com specializes in providing innovative Internet of Things (IoT) solutions tailored for smart buildings, energy optimization, and secure remote work environments. The company operates in the IoT market, serving small to medium-sized businesses that require advanced connectivity and data management solutions. Option's core product, the CloudGate Gateway, is an intelligent and adaptable 3G LTE wireless gateway that offers connectivity and on-board processing power for critical Machine-to-Machine (M2M) applications. The CloudGate Smart Metering Expansion card supports various communication protocols, enabling seamless integration and optimization of energy usage in smart buildings. Additionally, the CloudGate Home Office Solution pack allows companies to quickly and securely implement remote work setups for their employees. Option's business model revolves around selling hardware devices and offering customizable software solutions that connect these devices to the cloud, generating revenue through product sales and service subscriptions. The company leverages partnerships, such as its certification with Microsoft Azure IoT, to enhance its product offerings and ensure compatibility with leading cloud platforms.
Keywords: IoT, smart buildings, energy optimization, remote work, CloudGate, M2M, 3G LTE, connectivity, Microsoft Azure, customizable solutions.