Form 8-K IPASS INC For: Feb 18

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Go back to Form 8-K IPASS INC For: Feb 18

iPass (IPAS) Misses Q4 EPS by 1c; Concludes Review of Alternatives

February 18, 2015 4:13 PM EST

iPass (NASDAQ: IPAS) reported Q4 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $17.2 million versus the consensus estimate of $17.48 million.

The company also announced that is has formally concluded the strategic alternatives review process that was initiated in September of 2014. The company declared its commitment to remain independent and announced Gary Griffiths as chief executive officer and Patricia Hume as the newly established position of chief commercial officer. Mr. Griffiths will replace Evan Kaplan, who will step down as CEO, effective March 6th.

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