Telenav Reports Third Quarter Fiscal 2020 Financial Results

Go back to Telenav Reports Third Quarter Fiscal 2020 Financial Results

TeleNav (TNAV) Tops Q3 EPS by 1c, Revenues Beat

May 7, 2020 5:01 PM EDT

TeleNav (NASDAQ: TNAV) reported Q3 EPS of ($0.02), $0.01 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $64.5 million versus the consensus estimate of $62.48 million.

Financial highlights for the third quarter ended March 31, 2020

Total revenue for the third quarter of fiscal 2020 was $64.5 million, an increase of 33% compared with $48.5 million in the third quarter of fiscal 2019. Product revenue for the third quarter of fiscal 2020 was $52.1 million, an increase of 25% compared with $41.7 million in the third quarter of fiscal 2019. Services... More