OTOVO ASA NK 0,10

Otovo has signed non-binding letters of intent to acquire PV Hawaii and Mr. Elektro; the combined purchase price is about USD 4.6m. Mr. Elektro is to be acquired for approximately 30m NOK, payable in cash, shares and an earn-out, while PV Hawaii costs USD 0.75m plus up to USD 0.81m in earn-out. Both companies are expected to contribute around USD 7m in revenue and USD 1.7m in EBIT in 2027 and are subject to customary closing conditions and due diligence. The transactions are the ninth and tenth acquisitions since December 2025 and were included in the forecast for the annualized run-rate in Q4 2026. » Mere på de.investing.com

Otovo reported Q2 revenue of $10m (+8% currency-adjusted) and a marked improvement in margins and efficiency, driven notably by about 200% growth in field services and a field-services gross margin of 18%. Adjusted EBITDA improved to a loss of $4.5m, and adjusted OpEx fell 9% currency-adjusted. Management raised the full-year 2026 guidance to $105–115m in revenue and $15–20m adjusted EBITDA, and expects significantly higher field-services margins by year-end and accelerated scaling of the AI platform Endurance. Despite progress, profitability is not yet sustainable, liquidity is tight (cash $3.9m before equity raise) and the company continues to record substantial losses. » Mere på de.investing.com

Otovo completed the acquisition of SunSystem Technologie: purchase price of 200,000 USD cash plus an earn-out of up to 1.3 million USD, payable depending on the net result of the US business through the end of 2028. Operations, technicians and customer relationships of SST across 14 US states transfer immediately to Otovo and will be integrated into the AI platform Endurance for automated order intake, dispatch and logistics. The transaction is the seventh acquisition since December 2025; Otovo has a market capitalization of 91 million USD, revenue of 55 million USD in the last twelve months and a current ratio of 1.48. Analyst notes point to a valuation of 1.27 USD per share, while warnings flag rapid cash burn and a lack of profitability this year. » Mere på de.investing.com