Q3 2019 Otello Corporation ASA Earnings Presentation Transcript

Nov 13, 2019 / 07:00AM GMT
Presentation
Nov 13, 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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Conference Call Participants
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* Christoffer Wang Bjørnsen
DNB Markets, Research Division - Analyst
* Henriette Trondsen
Arctic Securities AS, Research Division - Research Analyst

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Lars Rabaek Boilesen - Otello Corporation ASA - CEO

Welcome to Otello Corporation's Q3 2019 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 at the end, we have time for Q&A.

Executive summary. Revenue came in at $63.1 million, up from $56.2 million Q2 this year, an increase of 12.2% and little bit down compared to same quarter last year. Adjusted EBITDA, $6 million, up 53% from $3.9 million in the previous quarter

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