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Last $1.06 USD
Change Today -0.04 / -3.64%
Volume 236.1K
IPAS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 1:56 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

ipass inc (IPAS) Snapshot

Open
$1.10
Previous Close
$1.10
Day High
$1.10
Day Low
$1.02
52 Week High
09/18/14 - $1.82
52 Week Low
02/24/15 - $0.85
Market Cap
68.3M
Average Volume 10 Days
70.1K
EPS TTM
$-0.20
Shares Outstanding
64.4M
EX-Date
11/16/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IPASS INC (IPAS)

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ipass inc (IPAS) Details

iPass Inc. provides cloud-based mobility management and network connectivity services to enterprises and telecommunication carriers in the United States and internationally. The company offers network mobility services for enterprises to manage their mobility economics, high speed network connectivity requirements, and proliferation of mobile devices; network services, such as access to commercial Wi-Fi hotspots across Wi-Fi venues for enterprise and carrier customers; and platform services, including a cloud-based Open Mobile Platform that enables enterprise users to connect from various mobile devices over a range of networks. It also provides Open Mobile Exchange services, such as network and platform connectivity to original equipment manufacturers, premium brand partners, software product and service providers, and telecom carriers. The company sells its services directly through its global sales force, as well as through reseller and carrier partners. iPass Inc. was founded in 1996 and is headquartered in Redwood Shores, California.

250 Employees
Last Reported Date: 03/13/15
Founded in 1996

ipass inc (IPAS) Top Compensated Officers

Chief Financial Officer, Vice President and S...
Total Annual Compensation: $188.8K
Compensation as of Fiscal Year 2013.

ipass inc (IPAS) Key Developments

iPass Inc. Announces Strategic Partnership with Devicescape

iPass Inc. has announced a strategic partnership with Devicescape. Under the terms of the alliance, iPass will integrate the Devicescape Curated Virtual Network (CVN) into its global Wi-Fi network, allowing iPass customers access to Devicescape's amenity Wi-Fi network of over 20M hotspots worldwide. Devicescape, and other network partnerships signed that will disclose on the second quarter earnings call this week, the in fact will have more than doubled itspresence by the end of this quarter. Coupled with its developing product features offering invisible connectivity, its alliance with Devicescape is significant not only in moving iPass customers closer to ubiquitous connectivity, but also in setting the stage for global Wi-Fi accessibility for the Internet of Things." Complementing and expanding the iPass network, Devicescape is available in the places where people want to be connected: hotels, airports, cafes, retail outlets and many more venues where people congregate and travel. Devicescape's curation process uses crowd-sourcing to discover the best available amenity Wi-Fi locations. Using cloud-based machine learning, Devicescape combines more than 20 million locations into a single network, quality controlled in real-time. The Curated Virtual Network is a proven carrier-grade solution, having been deployed by mobile operators, MVNOs and Wi-Fi First providers in the US and Europe.

iPass Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 Ending September 30, 2015

iPass Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter of 2015, the company’s total revenue from continuing operations was $15.595 million compared with $16.6 million in the first quarter of 2015 and $17.762 million in the second quarter of 2014. Total revenue in the second quarter included a $1.0 million write down upon renewal of committed platform fees with one of the company’s original OM carrier channel partners. Operating loss was $6.044 million against $4.580 million a year ago. Loss from continuing operations before income taxes was $6.308 million against $4.719 million a year ago. Net loss from continuing operations was $6.375 million against $0.715 million a year ago. GAAP total net loss for the second quarter of 2015 was $6.375 million, including $3.2 million of restructuring expense compared with GAAP total net loss of $3.4 million in the first quarter of 2015 and GAAP total net income of $20.877 million in the second quarter of 2014, including $21.6 million of net income from discontinued operations and $4.0 million of allocated tax benefit in continuing operations on the sale of Unity. Total net loss per share was $0.10 against $0.32 a year ago. Adjusted EBITDA loss for the second quarter of 2015 was $2.014 million compared with $2.293 million loss in the first quarter of 2015 and $3.446 million loss in the second quarter of 2014. For the six months, the company reported revenue of $32.153 million against $35.399 million a year ago. Operating loss was $9.548 million against $10.601 million a year ago. Loss from continuing operations before income taxes was $9.648 million against $10.844 million a year ago. Net loss from continuing operations was $9.815 million against $6.661 million a year ago. Total net loss was $9.518 million against total net income of $15.328 million a year ago. Total net loss per share was $0.16 against $0.24 a year ago. Net cash used in operating activities was $7.315 million against $8.197 million a year ago. Purchases of property and equipment were $0.467 million against $0.886 million a year ago. For the third quarter of 2015 ending September 30, 2015, the company expects total revenue from continuing operations to be in the range of $15.0 million to $17.0 million, and adjusted EBITDA loss to be in the range of $2.3 million to $0.8 million. Depreciation of property and equipment expected to be $0.7 million. GAAP total net loss expected to be in the range of $3.8 million to $2.3 million. The accompanying guidance for adjusted EBITDA loss for the third quarter of 2015 excludes foreign exchange gain or loss estimates.

iPass Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 03:45 PM

iPass Inc. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 03:45 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: Gary A. Griffiths, Chief Executive Officer, President and Director.

 

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Price/Book 2.5x
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TEV/Sales 0.6x
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