Otovo ASA reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was NOK 154.43 million compared to NOK 279.67 million a year ago. Revenue was NOK 167.46 million compared to NOK 286.49 million a year ago.

Net loss was NOK 86.79 million compared to NOK 54.23 million a year ago. Basic loss per share from continuing operations was NOK 0.31 compared to NOK 0.38 a year ago. Diluted loss per share from continuing operations was NOK 0.31 compared to NOK 0.38 a year ago.