The company believes that carrier arrangements represent meaningful Integrated communications providers will be leveraging the iPass Open Mobile Platform to deliver a range of new cloud-based mobility services to their enterprise customers. IPass to help them provide their mobile workforce with innovative and value-focused cost and compliance solutions while driving a high-satisfaction user experience.Īdditionally, iPass recently signed agreements with several global telecommunications carriers including Deutsche Telekom, Colt Technologies and another leading European-based global carrier. Including ExxonMobil, Credit Suisse, Hitachi, Hamilton Beach Brands, The Absolut Company, The Toro Company, Anadarko Petroleum, Hospira Worldwide and Purdue Pharma. Open Mobile enterprise customer wins during the fourth quarter The company continued its momentum with its Open Mobile Platform and recently entered into agreements with numerous multi-national enterprise customers and carrier partners. We continue to invest in theĭevelopment of our Open Mobile Platform as we look to drive growth and stockholder value through customer deployments and increasing usage on the new platform. With more than $30 million in cash, we feel well-positioned going into 2011, said Steven Gatoff, Senior Vice President and Chief Financial Officer of iPass. I see us making great progress in the enterprise mobility space and Im also bullishĪbout leveraging our unmatched global Wi-Fi network and authentication platform to help carriers manage the growing need for Wi-Fi services. Platform agreements with both tier-one enterprise customers and carrier partners, said Evan Kaplan, iPass President and Chief Executive Officer. Im pleased with the solid traction were having signing Open Mobile Non-GAAP net loss excludes expenses related to stock compensation, amortization of intangible assets, restructuring charges, certain state sales andįederal tax charges, and one-time discrete items. ThisĬompared to a non-GAAP net loss of $0.5 million or ($0.01) per share for the fourth quarter of 2009. Non-GAAP net loss for the fourth quarter of 2010 was $0.6 million or ($0.01) per share. Tax obligations with a state taxing authority. The fourth quarter 2010 GAAP results include a benefit of $2.1 million from the favorable settlement of certain sales The fourth quarter of 2010, compared to revenues of $40.5 million in the fourth quarter of 2009.Ģ010 was $0.8 million or $0.01 per share, compared to a $5.3 million net loss or ($0.09) per share in the fourth quarter of 2009.
IPass reported revenues of $38.6 million for (NASDAQ: IPAS), a leading provider of enterprise mobility services, todayĪnnounced financial results for its fourth quarter and fiscal year ended December 31, 2010.
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