Chardan Capital Markets Upgrades iPass Inc. (IPAS) to Buy

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iPass Reports Second Quarter 2016 Financial Results

August 3, 2016 4:06 PM EDT

REDWOOD SHORES, CA -- (Marketwired) -- 08/03/16 -- iPass Inc. (NASDAQ: IPAS), the leading provider of global mobile connectivity, reported total revenue of $16.5 million, net loss of $1.4 million and Adjusted EBITDA loss of $0.3 million for the quarter ended June 30, 2016.

"Our Unlimited, Everywhere, and Invisible connectivity strategy reached several significant milestones during the second quarter," said Gary Griffiths, president and CEO. "Executing our Unlimited go-to-market plan, we grew revenue 12% sequentially, delivering quarterly... More