Novatel Reports Net Loss of $7.9M for QuarterFriday, August 9, 2013
Wireless communication hardware maker Novatel Wireless recently reported a net loss of $7.9 million on revenue of $91.1 million in the quarter ended June 30. That compares with a net loss of $4.5 million on revenue of $102.4 million in the year-ago quarter.
San Diego-based Novatel (Nasdaq: NVTL) said it expected third-quarter revenue of $90 million to $100 million.
— SDBJ Staff Report