TeleNav (TNAV) Reports In-Line Q4 EPS, Revenues Beat; Offers 1Q19 Revenue Outlook Above Consensus

TeleNav (NASDAQ: TNAV) reported Q4 EPS of ($0.59), in-line with the analyst estimate of ($0.59). Revenue for the quarter came in at $16.6 million versus the consensus estimate of $15.55 million.

“We are pleased that we continue to increase penetration of our location-based services solution across more vehicles and brands, including new GM models such as the 2019 Chevrolet Silverado and GMC Sierra trucks and Chevrolet Equinox,” said HP Jin, Chairman and CEO of Telenav. “We continue to work to expand billings and revenue, with the goal of achieving positive adjusted EBITDA on billings in fiscal 2019.”

GUIDANCE:

TeleNav sees Q1 2019 revenue of $52-56 million, versus the consensus of $44.35 million.

For earnings history and earnings-related data on TeleNav (TNAV) click here.

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