PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Navan Inc. (NAVN) on Wednesday reported a loss of $20.5 million in its fiscal first quarter.
The Palo Alto, California-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The operator of a cloud-based tech platform for travelers posted revenue of $220.2 million in the period.
For the current quarter ending in July, Navan said it expects revenue in the range of $219 million to $221 million.
The company expects full-year revenue in the range of $907 million to $913 million.
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