Brief: Otello Corporation Q3 Adjusted EBITDA Falls To USD 5.7 Mln

Otello ASA

27/10/2020 06:19

Oct 27 (Reuters) - Otello Corporation ASA  OTELLO.OL :
    * Q3 REVENUE USD 63.2 MILLION VERSUS USD 63.1 MILLION YEAR
AGO
    * Q3 ADJUSTED EBITDA USD 5.7 MILLION VERSUS USD 6.0 MILLION
YEAR
AGO
    * Q3 NET LOSS USD 6.7 MILLION VERSUS PROFIT USD 7.0 MILLION
YEAR
AGO
    * OVERALL REVENUE (IN LOCAL CURRENCY) WAS IN LINE WITH
EXPECTATIONS FOR THE QUARTER
    * OUTLOOK: WE EXPECT COVID-19 TO NEGATIVELY IMPACT REVENUE
AND
PROFIT IN 2020
    * OUTLOOK: THE CONTINUED IMPACT OF COVID-19 POSES RISKS TO
THE
2020 GUIDANCE

Source text for Eikon:  ID:nWkr52LTbm 
Further company coverage:  OTELLO.OL 

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