Q1 2020 Otello Corporation ASA Earnings Presentation Transcript

May 07, 2020 / 06:00AM GMT

Release Date Price: $0.86

Transcript

Lars Rabaek Boilesen

Otello Corporation ASA - CEO

Good morning. Welcome to Otello Corporation's Q1 presentation. Today's agenda, I will do an executive summary, follow up an operational review. Then our CFO, Petter Lade, will do a financial review. And at the end, we have time for some Q&As.

Executive summary. Revenue came in at $5.7 million, up from $51.5 million, equal to 8.2%. Adjusted EBITDA, $2.6 million, up from $1.4 million, 85%, though on low absolute numbers. Both AdColony and Bemobi had a good start to the year. They delivered above the guided 10% revenue growth in Q1.

Adjusted EBITDA for both AdColony and Bemobi was up compared to same quarter last year. We saw strong operating cash flow in the quarter, $6.6 million, and positive free cash flow for the quarter. Some COVID-19 impact

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