Key Developments: Telenav Inc (TNAV.O)

TNAV.O on Nasdaq

5.09USD
28 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Telenav Inc gives Q4 2014 guidance; EPS guidance above analysts' estimates; lowers high end of prior FY 2014 revenue and EPS guidance; narrows FY 2014 net income and EBITDA guidance
Thursday, 24 Apr 2014 04:10pm EDT 

Telenav Inc:Expects Q4 2014 total revenue to be $33 to $35 million.Expects Q4 2014 GAAP net loss to be ($9.5) to ($10.5) million.Expects Q4 2014 GAAP diluted net loss per share to be ($0.24) to ($0.27).Expects Q4 2014 non-GAAP net loss to be ($6.5) to ($7.5) million.Expects Q4 2014 Non-GAAP diluted net loss per share to be ($0.16) to ($0.19).Expects Q4 2014 adjusted EBITDA to be ($9.5) to ($10.5) million.Expects FY 2014 total revenue to be $149 to $151 million.Expects FY 2014 GAAP net loss to be ($21) to ($22) million.Expects FY 2014 GAAP diluted net loss per share to be ($0.54) to ($0.57).Expects FY 2014 Non-GAAP net loss to be ($9) to ($10) million.Expects FY 2014 Non-GAAP diluted net loss per share to be ($0.23) to ($0.26).Expects FY 2014 adjusted EBITDA to be ($15) to ($16) million.Q4 2014 EPS of $(0.21) - Thomson Reuters I/B/E/S.FY 2014 EPS of $(0.49) - Thomson Reuters I/B/E/S.  Full Article

Telenav Inc gives Q3 2014 guidance; EPS guidance below analysts' estimates; raises low end of prior FY 2014 guidance; lowers FY 2014 earnings guidance
Thursday, 30 Jan 2014 04:08pm EST 

Telenav Inc:Expects Q3 2014 total revenue to be $34 to $ 36 million.Expects Q3 2014 GAAP net loss to be ($8) to ($9) million.Expects Q3 2014 GAAP diluted net loss per share to be ($0.20) to ($0.23).Expects Q3 2014 Non-GAAP net loss to be ($5) to ($6) million.Expects Q3 2014 Non-GAAP diluted net loss per share to be ($0.12) to ($0.15).Expects Q3 2014 adjusted EBITDA is expected to be ($7) to ($8) million.Expects FY 2014 total revenue to be $149 to $153 million.Expects FY 2014 GAAP net loss to be ($21) to ($24) million.Expects FY 2014 GAAP diluted net loss per share to be ($0.53) to ($0.62).Expects FY 2014 Non-GAAP net loss to be ($9) to ($12) million.Expects FY 2014 Non-GAAP diluted net loss per share to be ($0.22) to ($0.31).Expects FY 2014 adjusted EBITDA to be ($14) to ($17) million.Q3 2014 EPS of $(0.07) - Thomson Reuters I/B/E/S.FY 2014 EPS of $(0.11) - Thomson Reuters I/B/E/S.  Full Article

Telenav Inc Issues Q2 2014 Mixed Guidance; Raises FY 2014 Revenue Guidance; Raises FY 2014 Net Income And EBITDA Guidance; Narrows FY 2014 EPS Guidance;
Thursday, 24 Oct 2013 04:05pm EDT 

Telenav Inc announced that for the second quarter of 2014, it expects total revenue is expected to be $35 to $37 million; GAAP net loss is expected to be ($4.5) to ($5.5) million; GAAP diluted net loss per share is expected to be ($0.11) to ($0.14); Non-GAAP net loss is expected to be ($1.5) to ($2.5) million. Non-GAAP diluted net loss per share is expected to be ($0.04) to ($0.07) and Adjusted EBITDA is expected to be ($2.5) to ($3.5) million. For fiscal 2014, it expects total revenue is expected to be $145 to $153 million; GAAP net loss is expected to be ($14) to ($18) million; GAAP diluted net loss per share is expected to be ($0.35) to ($0.45); Non-GAAP net loss is expected to be ($3) to ($7) million, Non-GAAP diluted net loss per share is expected to be ($0.08) to ($0.18) and Adjusted EBITDA is expected to be ($9) to ($13) million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $35 million, EPS of $(0.05) and EBITDA of $(4.85) million for the second quarter of 2014; revenue of $147 million, net income of $(6.6) million, EPS of $(0.17) and EBITDA of $(17.35) million for fiscal 2014.  Full Article

Telenav Inc Issues Q1 2014 Guidance; Earnings Guidance Above Analysts' Estimates; Issues FY 2014 Guidance; Revenue And EBITDA Guidance Below Analysts' Estimates
Thursday, 25 Jul 2013 04:06pm EDT 

Telenav Inc announced that for the first quarter of 2014, it expects total revenue to be $41 to $43 million, GAAP net loss to be breakeven to ($1) million; GAAP diluted net loss per share to be breakeven to ($0.03); Non-GAAP net income to be $2.5 to $3.5 million, Non-GAAP diluted net income per share to be $0.06 to $0.09 and adjusted EBITDA to be $1.5 to $2.5 million. For fiscal 2014, it expects total revenue to be $140 to $150 million, GAAP net loss to be ($15) to ($20) million; GAAP diluted net loss per share to be ($0.38) to ($0.50); Non-GAAP net loss to be ($2) to ($8) million, Non-GAAP diluted net loss per share to be ($0.05) to ($0.20) and adjusted EBITDA to be ($10) to ($15) million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $43 million, EPS of $0.00 and EBITDA of $(3.60) million for the first quarter of 2014; revenue of $171 million, net income of $(5.00) million, EPS of $(0.06) and EBITDA of $5.99 million for fiscal 2014.  Full Article

Telenav Inc Issues Q4 2013 Mixed Guidance
Thursday, 25 Apr 2013 04:56pm EDT 

Telenav Inc announced that for the fourth quarter of 2013, it expects total revenue from continuing operations to be $41 to $43 million, GAAP net loss from continuing operations to be ($1) to ($2) million, GAAP diluted net loss per share from continuing operations to be ($0.02) to ($0.05), Non-GAAP net income from continuing operations to be $2 to $3 million, Non-GAAP diluted net income per share from continuing operations to be $0.05 to $0.07 and adjusted EBITDA from continuing operations (earnings before interest, taxes, depreciation, amortization, stock-based compensation expense, and gain on the sale of the Enterprise business) to be $1.5 to $2.5 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $45 million, net income of $(1.60) million, EPS of $(0.03) and EBITDA of $(0.83) million for the fourth quarter of 2013.  Full Article

Telenav Inc Closes Sale Of Enterprise Business To FleetCor Technologies Operating Company, LLC
Wednesday, 17 Apr 2013 07:30am EDT 

Telenav Inc announced that, pursuant to an agreement previously announced, it has closed its sale of the Telenav enterprise business unit to FleetCor Technologies Operating Company, LLC, effective April 16, 2013.  Full Article

Telenav Inc Announces Stock Repurchase Plan
Monday, 18 Mar 2013 04:05pm EDT 

Telenav Inc announced that its board of directors has authorized the company to repurchase up to $10 million, inclusive of broker fees, of its common stock under a share repurchase program, in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing and amount of repurchase transactions under this program will depend on market conditions and other considerations. All of the repurchases will be funded by Telenav's available working capital and the duration of the repurchase program is 12 months, although it may be extended, suspended or discontinued without prior notice.  Full Article

Fleetcor Technologies Inc Announces Acquisition From Telenav Inc
Thursday, 14 Mar 2013 08:30am EDT 

Fleetcor Technologies Inc announced that it has signed definitive documents to acquire a mobile business, that tracks the location of mobile workers in field based businesses. The agreement includes the acquisition of Telenav Inc's enterprise business. The enterprise division being acquired has approximately 8,000 business clients, and a marketing relationship with AT&T, Sprint and Verizon. The division's flagship product line is a set of mobile handset applications (compatible with both Apple and Android) that provide mobile workforces with tracking and other productivity tools. Terms of the transaction were not disclosed.  Full Article

Telenav Inc Announces Planned Sale Of Enterprise Business; Reaffirms Q3 2013 Guidance; Lowers FY 2013 Revenue Guidance
Tuesday, 12 Mar 2013 04:05pm EDT 

Telenav Inc announced that it has entered into an agreement to sell the Telenav enterprise business unit to FleetCor Technologies Operating Company, LLC for approximately $10 million in cash, with an anticipated closing date in approximately 30 days. Telenav's enterprise business allows companies to better manage operations by using the Telenav location-based services (LBS) platform to track status and the location of mobile workers, vehicles and assets deployed in the field. Telenav will provide certain services after closing to facilitate the transition of the business. Other terms of the agreement were not disclosed, however the Company noted that as the deal will close near the end of the third quarter 2013, the financial guidance provided for the quarter will be unchanged. The Company updated fiscal 2013 guidance and expects revenue to be in the range of $190 to $194 million, reflecting the impact on revenue from the sale. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $52 million, net income of $3.2 million, EPS of $0.08 for the third quarter of 2013; revenue of $192 million for fiscal 2013.  Full Article

Telenav Inc Issues Q3 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Thursday, 31 Jan 2013 04:05pm EST 

Telenav Inc announced that for the third quarter of 2013, it expects total revenue to be $52 to $54 million; GAAP net income to be break even to $1.0 million; GAAP diluted net income per share to be break even to $0.02; Non-GAAP net income to be $3.0 to $4.0 million, Non-GAAP diluted net income per share (EPS) to be $0.07 to $0.09 and adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, and stock-based compensation expense) to be $6.0 to $7.0 million. For fiscal 2013, it expects total revenue to be $193 to $197 million; GAAP net income to be break even to $1 million, to be $0.00 to $0.02 per diluted share; non-GAAP net income to be $11 million to $14 million, $0.23 to $0.33 per diluted share and adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, and stock-based compensation expense) to be $18.0 to $21.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $50 million, net income of $1.65 million, EPS of $0.04 and EBITDA of $2.70 million for the third quarter of 2013; revenue of $197 million, net income of $9.45 million, EPS of $0.22 and EBITDA of $16.95 million for fiscal 2013.  Full Article

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