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SMART Technologies (SMT) |
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WIKI ANALYSIS
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
SMART Technologies (SMT) (NASDAQ:SMT) designs interactive technology products, and its leading product is the SMART board for the education sector. It produced the first interactive white board in the world and has sold over 1.6 million worldwide. [1]
Hardware and software technology spending in the education sector has grown. Gartner, a market research firm, has estimated that spending in this sector will grow from $16.5 billion in 2009 to $18.6 billion in 2012. Futuresource consulting, a market research firm, estimates the market for interactive whiteboards to be $1.1 billion in 2009 and grow to $1.8 billion in 2012, a 19.5% CAGR. [1]
The company's initial public offering of stock filed on the NASDAQ with an initial price range of $16.00 - $18.00. The company plans to raise $600 million by offering 35.5 million shares. [1]
For the FY2009 with year ended 31 March 2010, the company had $648.0 million in revenue, up 38.4% from $468.2 million in revenue for FY2008. Furthermore, the company had $142.0 million in net income for FY2009, an increase from a net loss of $106.6 million for FY2008. [1]
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