Otovo ASA reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was NOK 180.58 million compared to NOK 200.76 million a year ago. Revenue was NOK 232.87 million compared to NOK 204.95 million a year ago. Net loss was NOK 122.25 million compared to NOK 96 million a year ago. Basic loss per share from continuing operations was NOK 0.57 compared to NOK 0.7 a year ago. Diluted loss per share from continuing operations was NOK 0.57 compared to NOK 0.7 a year ago.
For the full year, sales was NOK 1,010.55 million compared to NOK 637.5 million a year ago. Revenue was NOK 1,092.57 million compared to NOK 652.26 million a year ago. Net loss was NOK 384.77 million compared to NOK 309.5 million a year ago. Basic loss per share from continuing operations was NOK 2.7 compared to NOK 2.47 a year ago. Diluted loss per share from continuing operations was NOK 2.7 compared to NOK 2.47 a year ago.