Q1 2019 Otello Corporation ASA Earnings Presentation Transcript

May 10, 2019 / 06:00AM GMT

Release Date Price: $1.6

Transcript

Lars Rabaek Boilesen

Otello Corporation ASA - CEO

Good morning. Welcome to Otello Corporation's Q1 2019 presentation. Today's agenda, I will give an executive summary, including an operational review. Then, our CFO, Petter Lade will give a financial update. Finally, we have time for some Q&A.

Revenue came in at $51.5 million, down from $71.4 million in total revenue. Adjusted EBITDA, $1.4 million, up from 7 -- $0.7 million same quarter last year. Revenue was impacted in the quarter by onetime event in both AdColony and Bemobi in the quarter. Focus on cost and solid margins secured a positive adjusted EBITDA result in the

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