Financials

Estimates*

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Revenues, earnings & profits over time
EUR20182019202020212022
Revenues1.6m2.6m7.8m19.8m46.6m
% growth-59 %199 %154 %136 %
EBITDA(12.0m)(17.9m)(18.1m)(9.5m)(25.6m)
% EBITDA margin(731 %)(690 %)(233 %)(48 %)(55 %)
Profit(13.2m)(13.9m)(17.3m)123m(9.1m)
% profit margin(802 %)(533 %)(223 %)624 %(20 %)
R&D budget---2.6m-
R&D % of revenue---13 %-
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DateInvestorsAmountRound

£500k

Seed

N/A

Series A

N/A

Grant
*

£12.0m

Series B
*

£20.0m

Series C

£10.0m

Series C

$500m

Valuation: $500m

58.4x EV/LTM Revenues

-25.1x EV/LTM EBITDA

Acquisition
Total Funding€51.0m

Recent News about WaveOptics

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More about WaveOpticsinfo icon
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Enhanced World specializes in the development and mass manufacturing of advanced diffractive waveguides and integrated optical engines, also known as modules, to accelerate the prototyping and product development process for augmented reality (AR) applications. The company serves a diverse range of clients, including AR hardware manufacturers and technology firms, operating primarily in the AR and wearable technology markets. Enhanced World employs a business model that combines proprietary technology development with strategic partnerships for manufacturing, such as their collaboration with Goertek in China. Revenue is generated through the sale of their waveguide platforms and optical engines, as well as through licensing their patented technologies. The company has a strong focus on innovation, with over 50 patent families granted, and has been recognized with multiple industry awards, including the Prism Award. Enhanced World was acquired by Snap Inc. in 2021, marking a significant milestone in the AR hardware sector.

Keywords: waveguides, optical engines, AR, augmented reality, prototyping, mass manufacturing, patents, innovation, Snap Inc., Goertek.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.