iPass (IPAS) Misses Q3 EPS by 1c; $3M Stock Buyback

Go back to iPass (IPAS) Misses Q3 EPS by 1c; $3M Stock Buyback

iPass Reports Third Quarter 2015 Financial Results

November 4, 2015 4:11 PM EST

REDWOOD SHORES, CA -- (Marketwired) -- 11/04/15 -- iPass Inc. (NASDAQ: IPAS), the world's largest Wi-Fi network, announced total revenue of $15.0 million and Adjusted EBITDA loss of $1.6 million for the quarter ended September 30, 2015.

"Bookings reached $1.6 million this quarter, growing for the third consecutive quarter even during the historically slow season when much of the world is on vacation," said iPass CEO Gary Griffiths. "The fast pace of our progress in delivering Unlimited,... More

iPass Authorizes up to $3 Million Stock Repurchase Program

November 4, 2015 4:05 PM EST

REDWOOD SHORES, CA -- (Marketwired) -- 11/04/15 -- Today iPass Inc. (NASDAQ: IPAS), the world's largest Wi-Fi network, announced its Board of Directors has approved the repurchase of up to an aggregate of $3,000,000.00 of its Common Stock.

"Commencing a share repurchase program demonstrates our commitment to delivering value to our shareholders," said Gary Griffiths, Chief Executive... More