Telenav: Fiscal 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Telenav Inc. (TNAV) on Tuesday reported a loss of $26.6 million in its fiscal fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 59 cents. Losses, adjusted for stock option expense, came to 55 cents per share.
The location-based platform services provider posted revenue of $16.6 million in the period.
For the year, the company reported that its loss widened to $89.1 million, or $2 per share. Revenue was reported as $106.2 million.
Telenav expects full-year revenue in the range of $52 million to $56 million.
Telenav shares have climbed nearly 1 percent since the beginning of the year. The stock has declined 14 percent in the last 12 months.