SAN DIEGO (AP) — SAN DIEGO (AP) — Inseego Corp. (INSG) on Wednesday reported a loss of $14.6 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of 14 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 11 cents per share.
The holding company posted revenue of $52.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $60.5 million.
For the year, the company reported that its loss widened to $68 million, or 66 cents per share. Revenue was reported as $245.3 million.
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