Telenav: Fiscal 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Telenav Inc. (TNAV) on Thursday reported a loss of $12.9 million in its fiscal fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 28 cents. Losses, adjusted for asset impairment costs and stock option expense, were 18 cents per share.
The location-based platform services provider posted revenue of $58.5 million in the period.
For the year, the company reported that its loss narrowed to $32.5 million, or 71 cents per share. Revenue was reported as $220.9 million.
Telenav shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.10, a rise of 58% in the last 12 months.