Novatel Wireless Reports Second Quarter 2015 Financial Results

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Go back to Novatel Wireless Reports Second Quarter 2015 Financial Results

Novatel Wireless (MIFI) Reports Q2 Loss of $0.08

August 6, 2015 4:51 PM EDT

Novatel Wireless (NASDAQ: MIFI) reported Q2 EPS of ($0.08), versus ($0.33) reported last year. Revenue for the quarter came in at $54.8 million versus the consensus estimate of $64.78 million.

"We dramatically transitioned our IoT business in the second quarter, more than doubling our revenue from IoT products in the quarter, while simultaneously... More