OTEC fundamentals

Otello Corp. ASA operates as a holding company which engages in providing web browsers and mobile advertising services. It operates through the following segments: AdColony (Mobile Advertising), Bemobi (Apps & Games), Skyfire (Perfomance & Privacy), and Corporate Costs. The Mobile Advertising segment is primarily comprised of mobile users viewing ads through 3rd party publishers, such as developer applications and mobile websites. The Apps & Games segment is consist of subscription revenue and purchases of premium app. The Performance & Privacy segment includes license fees from Rocket Optimizer. The Corporate Costs segment is comprised of costs related to personnel and legal and other costs related to business combinations and the strategic review process. The company was founded in 1995 and is headquartered in Oslo, Norway.