Novatel Wireless (MIFI) Tops Q4 EPS by 1c

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Novatel Wireless Reports Fourth Quarter 2015 Financial Results

February 18, 2016 4:06 PM EST

 IoT Products and Solutions Generate 49% of the Companys Total Fourth Quarter Revenues

DigiCores Ctrack Telematics Solutions Achieve Fourth Quarter Revenue and Profitability Targets

Company Evolves Toward SaaS and Recurring Revenue Solutions, Driving Gross Margin Expansion

SAN DIEGO, Feb. 18, 2016 (GLOBE NEWSWIRE) -- Novatel Wireless, Inc. (NASDAQ: MIFI), a leading provider of solutions for the Internet of Things (IoT), including software-as-a-service (SaaS) solutions for the fleet telematics market, announced financial results for the fourth quarter ended December 31, 2015.

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