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Otello Corporation (formerly known as Opera Software ASA) is a holding company for a collection of companies within mobile advertising and apps & games. The Company holds the assets of AdColony, Bemobi and Skyfire. AdColony is a marketing platform focused on delivering performance and outcomes for brands, agencies, publishers and app developers through advertising on mobile devices; Bemobi is a mobile media and entertainment company integrating people and mobile content through technology and services; Skyfire enables mobile operators to optimize its network performance and quality.

TypePublic
Founded1995
HQOslo, NO
Websiteotellocorp.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)596(+5%)
Revenue (FY, 2018)$275.4 M(-34%)
Share Price (Jan 2021)KR24(-3%)
Cybersecurity ratingAMore

Key People/Management at Otello Corporation

Lars Boilesen

Lars Boilesen

CEO
André Christensen

André Christensen

Chairman
Petter Lade

Petter Lade

CFO
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Otello Corporation Office Locations

Otello Corporation has an office in Oslo
Oslo, NO (HQ)
Nydalen
Oslo, NO
Gjerdrums vei 19
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Otello Corporation Financials and Metrics

Otello Corporation Revenue

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Otello Corporation's revenue was reported to be $275.4 m in FY, 2018 which is a 34.3% decrease from the previous period.
USD

Revenue (Q3, 2019)

63.1m

Gross profit (Q3, 2019)

14.4m

Gross profit margin (Q3, 2019), %

22.8%

Net income (Q3, 2019)

(7.2m)

EBIT (Q3, 2019)

(2.9m)

Market capitalization (28-Jan-2021)

3.0b

Closing stock price (28-Jan-2021)

24.0

Cash (30-Sept-2019)

31.5m

EV

3.0b
Otello Corporation's current market capitalization is kr3 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

536.7m419.0m275.4m

Revenue growth, %

17%(22%)(34%)

Cost of goods sold

421.2m340.8m218.7m

Gross profit

115.5m78.2m56.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

107.0m109.9m108.7m71.4m72.2m64.9m51.5m56.2m63.1m

Cost of goods sold

90.0m88.9m85.5m56.1m58.4m52.4m42.1m44.0m48.7m

Gross profit

17.0m21.0m23.2m15.3m13.8m12.5m9.4m12.2m14.4m

Gross profit Margin, %

16%19%21%21%19%19%18%22%23%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

219.5m86.0m27.5m

Accounts Receivable

154.6m111.4m67.1m

Inventories

200.0k

Current Assets

402.4m211.4m131.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

194.8m174.7m161.7m79.9m46.7m30.2m26.6m16.7m31.5m

Accounts Receivable

120.8m124.0m120.4m77.6m72.4m63.0m56.9m64.5m71.5m

Inventories

200.0k200.0k200.0k

Current Assets

331.4m308.3m290.0m171.5m149.6m126.0m116.8m114.6m133.5m
Annual
USDFY, 2016FY, 2017FY, 2018

Depreciation and Amortization

58.7m38.7m30.2m

Cash From Operating Activities

3.1m7.9m(200.0k)

Purchases of PP&E

(6.3m)(10.3m)(600.0k)

Cash From Investing Activities

431.1m(17.1m)(48.6m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Depreciation and Amortization

9.9m20.6m29.2m7.3m14.8m22.4m7.0m13.4m20.7m

Cash From Operating Activities

1.8m800.0k6.0m(2.6m)(2.2m)(3.3m)(1.8m)(4.5m)(5.4m)

Purchases of PP&E

(5.1m)(10.0m)(10.2m)(400.0k)(400.0k)(500.0k)(500.0k)(300.0k)(900.0k)

Cash From Investing Activities

(18.3m)(35.1m)(46.8m)(3.6m)(32.8m)(46.1m)2.7m(3.3m)(6.0m)
USDFY, 2016

Revenue/Employee

592.4k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x
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Otello Corporation Operating Metrics

Otello Corporation's Active Users was reported to be 350 m in FY, 2015.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Active Users

350 m350 m

Unique Devices Reach (top 1000 apps)

1.3 b1.5 b2 b1.5 b

Unique Users (mobile)

240 m280 m

Unique Users (Android)

85 m130 m144 m
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Otello Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
4th Screen Advertising Holdings Limited
4th Screen Advertising Limited
Advine
Apprupt GmbH
Apps and Games Ireland Limited
Handster, Inc
Huntmads SA
LLC Opera Software Russia
Opera Commerce, LLC
Opera Distribution AS
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Otello Corporation Revenue Breakdown

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Otello Corporation revenue breakdown by business segment: 19.6% from Apps & Games , 80.1% from Mobile Advertising and 0.3% from Other

Otello Corporation revenue breakdown by geographic segment: 7.7% from Asia Pacific, 34.5% from EMEA and 57.7% from Americas

Otello Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Otello Corporation Online and Social Media Presence

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Otello Corporation News and Updates

Otello Corporation announces second quarter results

OSLO, Norway, Aug. 20, 2020 /PRNewswire/ -- Otello Corporation today reported financial results for the second quarter, which ended June 30, 2020. Please find the second quarter report (2Q20.pdf) and second quarter presentation (2Q20_presentation.pdf) attached. Webcast:...

Otello Corporation Announces Fourth Quarter Results

OSLO, Norway, Feb. 27, 2020 /PRNewswire/ -- Otello Corporation today reported financial results for the fourth quarter, which ended December 31, 2019. Please find the fourth quarter report (4Q19.pdf) and fourth quarter presentation (4Q19_presentation.pdf) attached. Webcast:...

Otello Corporation Announces Third Quarter Results

OSLO, Norway, Nov. 13, 2019 /PRNewswire/ -- Otello Corporation today reported financial results for the third quarter, which ended September 30, 2019. Please find the third quarter report (3Q19.pdf) and third quarter presentation (3Q19_presentation.pdf) attached. Webcast:...

Otello Corporation Announces Second Quarter Results

OSLO, Norway, Aug. 20, 2019 /PRNewswire/ -- Otello Corporation today reported financial results for the second quarter, which ended June 30, 2019. Please find the second quarter report (2Q19.pdf) and second quarter presentation (2Q19_presentation.pdf) attached. Webcast:...

Otello Corporation Frequently Asked Questions

  • When was Otello Corporation founded?

    Otello Corporation was founded in 1995.

  • Who are Otello Corporation key executives?

    Otello Corporation's key executives are Lars Boilesen, André Christensen and Petter Lade.

  • How many employees does Otello Corporation have?

    Otello Corporation has 596 employees.

  • What is Otello Corporation revenue?

    Latest Otello Corporation annual revenue is $275.4 m.

  • What is Otello Corporation revenue per employee?

    Latest Otello Corporation revenue per employee is $462.1 k.

  • Who are Otello Corporation competitors?

    Competitors of Otello Corporation include AdColony, Chartboost and AerServ.

  • Where is Otello Corporation headquarters?

    Otello Corporation headquarters is located at Nydalen, Oslo.

  • Where are Otello Corporation offices?

    Otello Corporation has an office in Oslo.

  • How many offices does Otello Corporation have?

    Otello Corporation has 2 offices.