Telenav: Fiscal 1Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Telenav Inc. (TNAV) on Thursday reported a loss of $7.9 million in its fiscal first quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 18 cents. Losses, adjusted for stock option expense, were 14 cents per share.
The location-based platform services provider posted revenue of $52.2 million in the period.
For the current quarter ending in January, Telenav said it expects revenue in the range of $51 million to $55 million.
In the final minutes of trading on Thursday, the company’s shares hit $4.34. A year ago, they were trading at $5.35.