Q2 2020 Otello Corporation ASA Earnings Presentation Transcript

Aug 20, 2020 / 06:00AM GMT

Release Date Price: $1.31

Transcript

Lars Rabaek Boilesen

Otello Corporation ASA - CEO

Good morning. Welcome to Otello Corporation's Second Quarter 2020 presentation. Today's agenda, I will do an executive summary, follow up with an operational review; then our CFO, Petter Lade, will do a financial update; and finally, we have time for Q&A.

Quarterly highlights: Revenue came in at $54 million, down from $56.2 million; adjusted EBITDA, $3.5 million, down from $3.9 million; operating cash flow, $3 million, an improvement from same quarter last year where cash flow was minus $2.8 million.

So AdColony is slightly above the guiding we gave, and Bemobi slightly below. For AdColony, EBITDA improved and turned positive. And Bemobi faced some COVID-19 impact, negative impact, and also had some strong FX headwinds in the quarter. Strong

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