Otello Corporation ASA reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 0.1 million compared to USD 0.1 million a year ago. Revenue was USD 0.1 million compared to USD 0.1 million a year ago.

Net income was USD 164.9 million compared to net loss of USD 23.3 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to USD 0.17 a year ago.

Basic earnings per share was USD 1.32 compared to basic loss per share of USD 0.17 a year ago. Diluted earnings per share was USD 1.32 compared to diluted loss per share of USD 0.17 a year ago.