Q4 2018 Otello Corporation ASA Earnings Presentation Transcript

Feb 28, 2019 / 07:00AM GMT
Presentation
Feb 28, 2019 / 07:00AM GMT

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Corporate Participants
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* Lars Rabaek Boilesen
Otello Corporation ASA - CEO
* Petter Lade
Otello Corporation ASA - CFO

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Lars Rabaek Boilesen - Otello Corporation ASA - CEO

Good morning. Welcome to Otello Corporation's Q4 2018 Result. Today's agenda, I will give an executive summary, follow up with an operational review; then our CFO, Petter Lade, will do a financial review, and then we also have time for Q&As in the end.

Executive summary. Revenue came in at $66.9 million, down from $99.2 million same quarter last year. And revenue was up from previous quarter, Q3 2018, where the revenue was $64.9 million. Adjusted EBITDA, $5.5 million in the quarter, up from $2.9 million same quarter last year and up from $1.4 million in Q3 the previous quarter.

So revenue was up in both AdColony and Bemobi versus Q3 2018, and adjusted EBITDA was up 2x same quarter last year and 4x from Q3 2018, mainly due to focus on costs and

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