Telenav Reports Fourth Quarter and Fiscal 2020 Financial Results
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TeleNav (TNAV) Misses Q4 EPS by 7c, Revenues Miss
August 12, 2020 4:06 PM EDTTeleNav (NASDAQ: TNAV) reported Q4 EPS of ($0.20), $0.07 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $35.4 million versus the consensus estimate of $44.43 million.
Financial Highlights for the Fourth Quarter Ended June 30, 2020
Total revenue for the fourth quarter of fiscal 2020 was $35.4 million, a decrease of 32% compared with $51.7 million in the fourth quarter of fiscal 2019. The lower fourth quarter 2020 revenue is primarily attributable to the temporary closure of our customers automobile manufacturing plants.Services revenue for the fourth quarter of fiscal 2020... More