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Novatel Wireless Revenues Grow to $110M

What a difference a year makes for Novatel Wireless Inc.

The company, which makes wireless modems for computers, as well as related devices, reported May 1 that it had net income of $10.1 million, or 34 cents per share, on revenue of $109.8 million during the quarter ended March 31.

In the year-ago quarter, Novatel reported a net loss of $1.3 million, or one nickel per share, on revenue of $40.1 million.

Novatel stock, traded on the Nasdaq as NVTL, closed at $18.71 on May 1. The company reported its earnings after the market closed. In after-hours trading, shares climbed to $19.40.

Novatel’s electronics use the Code Division Multiple Access, Wideband CDMA and Global System for Mobile Communications technology.

, Brad Graves

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