SAN DIEGO (AP) — SAN DIEGO (AP) — Inseego Corp. (INSG) on Wednesday reported a loss of $14.3 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of $1.28. Losses, adjusted for non-recurring costs and stock option expense, came to 89 cents per share.
The holding company posted revenue of $42.8 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $40.6 million.
For the year, the company reported a loss of $46.2 million, or $4.32 per share. Revenue was reported as $195.7 million.
For the current quarter ending in March, Inseego said it expects revenue in the range of $40 million to $42 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG
