Tuesday, August 7, 2012

Novatel Wireless Posts Revenue of $102. Million


Novatel Wireless reported Q2 revenue of $ 102.4 million, down from $118.0 for the same period last year. There was a GAAP net loss of $4.5 million. Revenue for mobile products was $92.5 million while revenue for M2M was $9.9 million.

"During the second quarter our financial results were near or above the top of our guidance range for all three key metrics – revenue, non-GAAP gross margin, and non-GAAP EPS," said Peter Leparulo, CEO of Novatel Wireless. "Revenue increased by approximately $2.2 million from the first quarter, to $102.4 million, driven by strong sales of our mobile broadband devices. 
http://www.novatelwireless.com 07-Aug-12
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