Nortel AS reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was NOK 72.62 million compared to NOK 34.67 million a year ago. Net loss was NOK 21.61 million compared to NOK 10.22 million a year ago.

Basic loss per share from continuing operations was NOK 1.15 compared to NOK 0.71 a year ago.