Otovo ASA reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NOK 174.55 million compared to NOK 85.96 million a year ago. Revenue was NOK 179.13 million compared to NOK 87.75 million a year ago. Net loss was NOK 78.98 million compared to NOK 36.89 million a year ago. Basic loss per share was NOK 0.58 compared to NOK 0.35 a year ago. Diluted loss per share was NOK 0.58 compared to NOK 0.35 a year ago.
For the nine months, sales was NOK 436.74 million compared to NOK 187.75 million a year ago. Revenue was NOK 447.31 million compared to NOK 190.09 million a year ago. Net loss was NOK 213.5 million compared to NOK 116.41 million a year ago. Basic loss per share was NOK 1.72 compared to NOK 1.30 a year ago. Diluted loss per share was NOK 1.72 compared to NOK 1.30 a year ago.