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Last $2.84 USD
Change Today +0.04 / 1.43%
Volume 260.8K
MIFI On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

novatel wireless inc (MIFI) Snapshot

Open
$2.77
Previous Close
$2.80
Day High
$2.89
Day Low
$2.76
52 Week High
04/27/15 - $6.89
52 Week Low
08/7/15 - $1.90
Market Cap
149.0M
Average Volume 10 Days
504.8K
EPS TTM
$-0.59
Shares Outstanding
52.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NOVATEL WIRELESS INC (MIFI)

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novatel wireless inc (MIFI) Details

Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. It operates in the Mobile Computing Products, and M2M Products and Solutions segments. The Mobile Computing Products segment offers MiFi Intelligent Mobile Hotspots, the company’s flagship product providing connectivity option for Wi-Fi-enabled devices, such as iPad, Kindle, tablets, PCs, MP3 players, and gaming devices; 4G LTE Broadband Router with Voice, a wireless solution that supports wireless voice and data; USB and PC-Card/Expresscard modems for wireless broadband networks access; and embedded modules for use in computing devices, such as laptop PCs, netbooks, tablets, and other electronic products to provide wireless broadband access. The M2M Products and Solutions segment offers MT and SA integrated solutions for monitoring and managing mobile and fixed assets, vehicle tracking and diagnostics, and workforce tracking and management functions; N4A software and design services to other companies, primarily for asset management solutions; and Enabler and Expedite embedded module solutions for various products or equipment to communicate with other computers. The company serves wireless operators, distributors, original equipment manufacturers, and various companies in vertical markets through direct sales force and distributors. Novatel Wireless, Inc. was founded in 1996 and is headquartered in San Diego, California.

240 Employees
Last Reported Date: 03/10/15
Founded in 1996

novatel wireless inc (MIFI) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $203.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $100.0K
Compensation as of Fiscal Year 2014.

novatel wireless inc (MIFI) Key Developments

Novatel Wireless Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Novatel Wireless Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenue of USD 54.815 million compared to USD 37.270 million a year ago. Operating loss was USD 8.242 million compared to USD 17.398 million a year ago. Loss before interest taxes was USD 9.146 million compared to USD 17.391 million a year ago. Net loss was USD 9.220 million compared to USD 17.415 million a year ago. Basic and diluted net loss per share was USD 0.17 compared to USD 0.51 a year ago. Net cash used in operating activities was USD 12.047 million compared to USD 4.358 million a year ago. Purchases of property and equipment were USD 0.502 million compared to USD 0.728 million a year ago. Non-GAAP net loss was USD 4.330 million or USD 0.08 per share. Adjusted EBITDA was USD 2.276 million. For the six months, the company reported net revenue of USD 108.309 million compared to USD 85.554 million a year ago. Operating loss was USD 15.957 million compared to USD 26.325 million a year ago. Loss before interest taxes was USD 16.952 million compared to USD 26.347 million a year ago. Net loss was USD 17.046 million compared to USD 26.396 million a year ago. Basic and diluted net loss per share was USD 0.34 compared to USD 0.77 a year ago. Net cash used in operating activities was USD 19.180 million compared to net cash provided by operating activities of USD 1.037 million a year ago. Purchases of property and equipment were USD 0.613 million compared to USD 1.241 million a year ago. Non-GAAP net loss was USD 4.963 million or USD 0.10 per share. Adjusted EBITDA was USD 1.718 million. The company provided earnings guidance for the third quarter of 2015. For the quarter, the company expected revenue in the range of USD 52 million to USD 60 million. Non-GAAP gross margin is expected in the range of 27.5% to 28.5%. Adjusted EBITDA is expected to be in the range of USD (1.6) million to USD 0.1 million. Non GAAP net loss per share is expected to be in the range of USD 0.08 to USD 0.05. The company expects to record a charge of approximately USD 0.6 million in the third quarter of 2015 as a result of implementing this plan, and expects to achieve the USD 10 million run-rate of cost reductions for the full fourth quarter of 2015.

Novatel Wireless Inc. Recommends Amendment to the Amended and Restated Certificate of Incorporation

Novatel Wireless Inc. at its EGM to be held on August 31, 2015, will recommend amendment to the Amended and Restated Certificate of Incorporation of the company to increase the number of authorized shares of the company's common stock from 100,000,000 shares to 150,000,000 shares.

Novatel Wireless Inc. to Report Q2, 2015 Results on Aug 06, 2015

Novatel Wireless Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Aug 06, 2015

 

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Industry Analysis

MIFI

Industry Average

Valuation MIFI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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