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Otovo ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 235.44 million compared to NOK 174.55 million a year ago. Revenue was NOK 248.91 million compared to NOK 179.13 million a year ago. Net loss was NOK 120.61 million compared to NOK 78.98 million a year ago. Basic loss per share from continuing operations was NOK 0.81 compared to NOK 0.58 a year ago. Diluted loss per share from continuing operations was NOK 0.81 compared to NOK 0.58 a year ago.For the nine months, sales was NOK 817.14 million compared to NOK 436.74 million a year ago. Revenue was NOK 847.5 million compared to NOK 447.31 million a year ago. Net loss was NOK 264.68 million compared to NOK 213.5 million a year ago. Basic loss per share from continuing operations was NOK 1.86 compared to NOK 1.72 a year ago. Diluted loss per share from continuing operations was NOK 1.86 compared to NOK 1.72 a year ago.
Period Ending: | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
---|---|---|---|---|
Total Revenue | 167.46 | 193.41 | 235.44 | 307.42 |
Gross Profit | 45.96 | 37.28 | 49.5 | 63.69 |
Operating Income | -107.52 | -107.89 | -93.46 | -98.93 |
Net Income | -86.79 | -120.1 | -120.61 | -88.97 |
Period Ending: | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
---|---|---|---|---|
Total Assets | 1273.95 | 1357.68 | 1222.32 | 1290.75 |
Total Liabilities | 495.84 | 483.48 | 688.41 | 646.82 |
Total Equity | 778.11 | 874.2 | 533.91 | 643.92 |
Period Ending: | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -126.27 | -50.61 | -54.12 | -30.62 |
Cash From Investing Activities | -50.28 | 138.84 | -97.6 | -135.52 |
Cash From Financing Activities | 26.75 | 250.1 | 84.54 | 130.56 |
Net Change in Cash | -149.05 | 345.81 | -75.64 | -34.52 |
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