Aug 20, 2020 / 06:00AM GMT
Presentation
Aug 20, 2020 / 06:00AM 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 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
Q2 2020 Otello Corporation ASA Earnings Presentation Transcript
Aug 20, 2020
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