iPass (IPAS) Misses Q4 EPS by 1c

iPass (NASDAQ: IPAS) reported Q4 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $15.4 million versus the consensus estimate of $15.96 million.

"We firmly believe 2016 will be our first year of revenue growth in the last eight years, and we are committed to generating positive Adjusted EBITDA," said iPass CEO Gary Griffiths. "In 2015, we reengineered iPass to enable enterprises of all sizes to offer convenient, secure, always-on global mobile connectivity. Our commitment to UNLIMITED, EVERYWHERE and INVISIBLE has been realized through creativity and innovation across virtually all aspects of the company and our operations. We introduced our flat-rate unlimited offering, which takes the guesswork out of the cost of service and makes connecting to Wi-Fi a dial tone type experience. We secured strategic partnerships to embed iPass in more devices and services, and we added supplier partners to broaden our reach to end users everywhere. And, we launched iPass SmartConnect, our proprietary technology that invisibly improves the user experience, maximizes security, and helps us optimize our network access costs."

For earnings history and earnings-related data on iPass (IPAS) click here.

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