Board Change • Oct 06
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Board Chair Silje Augustson is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 07
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Silje Augustson is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Duyuru • Jun 12
Otello Corporation ASA Approves Board and Committee Changes Otello Corporation ASA elected Jamie Sherman as chair of the Nomination Committee with a service period which expires simultaneously with the service period for the other Committee members. Consequently, the Nomination Committee consists of Jamie Sherman as chair and Simon Davies, Kari Stautland and Jakob Iqbal as members. Song Lin is elected as Board member with a service period which expires simultaneously with the service period for the other Board members. Consequently, the board consists of Frank Blaker, Silje Augustson and Song Lin. Board Change • Apr 08
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Silje Augustson is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Mar 21
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Silje Augustson is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jan 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 02
Otello Corporation ASA, Annual General Meeting, Jun 03, 2025 Otello Corporation ASA, Annual General Meeting, Jun 03, 2025. Duyuru • Jan 02
Otello Announces CEO Changes Otello CEO, Lars Boilesen has in an agreement with the Board of Directors decided to transition into an advisor role in Otello effective 31 December 2023. Lars has served Opera and Otello for over 20 years, first as head of sales, later as a Board member and ultimately as CEO from 2010. Jason Hoida, Otello´s General Counsel, will take over as CEO upon Lars´ transition. Jason has been an integral part of Otello´s leadership since 2009 and has worked closely with Lars on all aspects of the business including all major transactions. Board Change • Dec 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 29
Otello Corporation ASA Announces Resignation of Petter Lade as CFO Otello Corporation ASA announced that Petter Lade is stepping down as CFO. Petter Lade, who has been with the company since 2006 and been CFO since 2017, has given notice to take up a CFO position outside the company. He will continue in his current role until the end of December. Board Change • Nov 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (32% accrual ratio). Revenue is less than US$1m (US$100k revenue). Minor Risk Market cap is less than US$100m (kr760.8m market cap, or US$71.5m). Duyuru • Aug 19
Otello Corporation ASA Announces Dividend Otello Corporation ASA announced a dividend of NOK 21 per share, paying out over 90% of total cash position. Reported Earnings • Aug 19
First half 2023 earnings released: EPS: US$0.18 (vs US$0.049 in 1H 2022) First half 2023 results: EPS: US$0.18 (up from US$0.049 in 1H 2022). Net income: US$16.2m (up 245% from 1H 2022). Board Change • Jun 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 18
Otello Corporation ASA Announces Resignation of Maria Borge Andreassen as Board Member, Effective 1 May 2023 The Board of Otello Corporation ASA has received a notice of resignation from board member Maria Borge Andreassen. The reason for the resignation is that Borge Andreassen will take up a new position which, according to the rules of the new employer, is not compatible with continuing as director of Otello. She will resign effectively from 1 May 2023 and a replacement candidate will be presented by the Nomination Committee to the annual general meeting. Board Change • Dec 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 02
Upcoming dividend of kr21.00 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 18 August 2022. Trailing yield: 73%. Within top quartile of British dividend payers (5.1%). Higher than average of industry peers (2.1%). Board Change • Jul 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Karin Floistad was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 07
Director recently bought kr50k worth of stock On the 5th of July, Magdalena Kadziolka bought around 2k shares on-market at roughly kr25.93 per share. In the last 3 months, they made an even bigger purchase worth kr4.3m. Insiders have collectively bought kr16m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 11
Director recently bought kr4.0m worth of stock On the 8th of June, Magdalena Kadziolka bought around 150k shares on-market at roughly kr26.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr11m more in shares than they have sold in the last 12 months. Board Change • Jun 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Song Lin was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 10
Forecast to breakeven in 2022 The analyst covering Otello expects the company to break even for the first time. New forecast suggests the company will make a profit of US$27.6m in 2022. Earnings growth of 115% is required to achieve expected profit on schedule. Board Change • May 03
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Song Lin was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 26
Director recently bought kr2.0m worth of stock On the 21st of January, Anooj Unarket bought around 76k shares on-market at roughly kr26.37 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr7.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 12
Director recently bought kr1.3m worth of stock On the 10th of January, Anooj Unarket bought around 50k shares on-market at roughly kr26.50 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr5.2m more in shares than they have sold in the last 12 months. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The analyst covering Otello previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.7m in 2022. Average annual earnings growth of 147% is required to achieve expected profit on schedule. Recent Insider Transactions • Sep 24
Director recently bought kr3.1m worth of stock On the 17th of September, Anooj Unarket bought around 100k shares on-market at roughly kr31.46 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.8m more in shares than they have sold in the last 12 months. Breakeven Date Change • Sep 23
Forecast to breakeven in 2021 The analyst covering Otello expects the company to break even for the first time. New forecast suggests the company will make a profit of US$14.9m in 2021. Earnings growth of 147% is required to achieve expected profit on schedule. Reported Earnings • Apr 29
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$259.0m (up 7.6% from FY 2019). Net loss: US$23.3m (loss narrowed 1.7% from FY 2019). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 24
Chairman recently bought kr300k worth of stock On the 22nd of December, André Christensen bought around 26k shares on-market at roughly kr11.35 per share. This was the largest purchase by an insider in the last 3 months. This was André's only on-market trade for the last 12 months. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 1.7% at US$62.3m. Revenue is forecast to grow 13% over the next year, while the growth in Media industry in the United Kingdom is expected to stay flat. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of US$19.8m, with losses narrowing by 79% from the prior year. Total revenue was US$242.9m over the last 12 months, up 2.2% from the prior year. 