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Wireless

iPass lowers profit guidance after weaker Q3

Thursday 2 November 2017 | 14:03 CET | News
Wi-Fi network operator iPass reported revenues of USD 13.4 million in the third quarter, against 16.5 million the year before, with the net loss going to USD 6.7 million and the adjusted EBITDA amount to USD 4.9 million. CEO Gary Griffiths noted a new partnership with Tech Data for the iPass Smart Connect service and said that while revenues this quarter were "modest" the company is confident that its new core of software powering intelligent connection management and data analytics will get it back on the track it expected for 2017.

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Categories: Mobile & Wireless
Companies: iPass / Tech Data
Countries: World
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