Otovo ASA reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NOK 274.29 million compared to NOK 109.22 million a year ago. Revenue was NOK 281.16 million compared to NOK 112.18 million a year ago.

Net loss was NOK 55.09 million compared to NOK 78.02 million a year ago. Basic loss per share from continuing operations was NOK 0.39 compared to NOK 0.64 a year ago. Diluted loss per share from continuing operations was NOK 0.39 compared to NOK 0.64 a year ago.