Q1 2026 Otovo ASA Earnings Call Transcript

May 28, 2026 / 03:00 PM GMT

Release Date Price: €0.966

Transcript

Key Points

Positve

Otovo ASA (OSL:OTOVO) achieved significant cost reductions, cutting operating expenses by $2 million year-over-year.
The company improved adjusted EBITDA by $0.5 million despite lower revenue due to strategic shifts.
Otovo ASA expanded its customer base to 30,000, driven by acquisitions and organic growth, with plans to double this by year-end 2026.
The company is leveraging its proprietary AI platform, Endurance, to automate processes and increase efficiency, targeting a 20% to 30% EBIT margin.
Otovo ASA is actively pursuing accretive M&A opportunities, having completed several acquisitions that enhance its service capacity and geographic footprint.

Negative

Revenue fell by 32% year-over-year, attributed to a strategic pivot away from low-margin new-build business.
The company faces challenges with a subscription SPV revolving credit facility that matured in January 2026, with extension talks still ongoing.
Field services posted a negative gross profit of $1.3 million due to training and localized density issues.
Otovo ASA's stock liquidity is low, prompting the company to increase investor relations efforts.
The company's profitability targets for 2026 rely on pending, non-binding M&A deals, which could face delays.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OTOVO.OL - Otovo ASA
Q1 2026 Otovo ASA Earnings Call
May 28, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and thank you for joining us for Otobo's first quarter 2026 earnings call. I am John Berger, Chief Executive Officer, and joining me today is Jennifer Saniskoi, our Chief Financial Officer. Please submit your questions in the event page, and we will address them at the end of our prepared remarks.

Moving on to the first slide.

I will begin with our progress against the strategy we announced earlier this year. Jennifer will then take you through the financial results before I return to cover our business highlights and outlook for the remainder of the year and then open for your questions.

Q1 2026 highlights. In Otobo's 2025 annual report, we made three commitments to our stakeholders. First.

Scale the

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