Otovo ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NOK 307.42 million compared to NOK 152.98 million a year ago. Revenue was NOK 317.43 million compared to NOK 156 million a year ago. Net loss was NOK 88.97 million compared to NOK 56.64 million a year ago. Basic loss per share from continuing operations was NOK 0.6 compared to NOK 0.42 a year ago. Diluted loss per share from continuing operations was NOK 0.6 compared to NOK 0.42 a year ago.
For the six months, sales was NOK 581.71 million compared to NOK 262.2 million a year ago. Revenue was NOK 598.59 million compared to NOK 268.18 million a year ago. Net loss was NOK 144.07 million compared to NOK 134.52 million a year ago. Basic loss per share from continuing operations was NOK 1.01 compared to NOK 1.07 a year ago. Diluted loss per share from continuing operations was NOK 1.01 compared to NOK 1.07 a year ago.