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Telenav: Fiscal 4Q Earnings Snapshot

August 8, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNAV at https://www.zacks.com/ap/TNAV

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