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Telenav, Inc. Message Board

  • turnip.blossom turnip.blossom Feb 1, 2013 1:18 AM Flag

    Tnav Jan 31 2013

    …As we expand into the automotive navigation market we continue to anticipate overall gross margin will trend lower due to continuing higher mix of auto and the smaller margins associated with this business.

    ..total subscribers for December 2012 were $33.7 million down from $34.3 million for September 2012. Beginning next quarter we will no longer provide our number of total paid and premium subscribers as we do not believe that provides a meaningful measure of our business as revenue from our strategic growth in international areas exceed more than 50% of total revenue.

    .. Adjusted EBITDA is expected to be in the range of $18 million to $21 million and excludes the impact of $9 million to $10 million in stock-based compensation expenses $9 million to $10 million of depreciation and amortization expenses and $1.3 million of legal settlement costs.

    …Finally, although we are not giving guidance today on fiscal ’14 I’d like to provide some qualitative information about our expectations. As you know fiscal 2013 and 14 are transition years for TeleNav due to the significant reduction in revenue for paid carrier navigation. Going forward we expect paid carrier navigation to consist primarily of revenue sharing arrangements, premium subscription fees and advertising revenue.
    Fiscal 2013 revenue from Sprint declined substantially but we expect to offset a significant portion of the decline with growth in strategic areas such as automotive. As of July 1, 2013 we expect that we will not be receiving any material revenue for bundle navigation services from Sprint. Although we expect revenue from strategic growth areas to replace the Sprint bundle revenue in the long term we do not expect this revenue to do so in the short term including fiscal 2014. Despite these pressures we strongly believe in the long term opportunities in our strategic growth areas and we will continue to invest to maintain our momentum by realigning our resources to focus on long term growth opportunities.
    With that H.P. and I are available to take your questions. Operator, if you can please open the lines for questions.
    …..The revenue that I’d given guidance on in the third quarter is always been part of our fiscal ‘13 guidance and we do anticipate receiving that acceptance this work is mostly with regard to Ford some of that is with Delphi and we expect to receive that acceptance in the March quarter and accordingly we’ll recognize revenue at that time.

    Sentiment: Strong Sell

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    • "Fiscal 2013 revenue from Sprint declined substantially but we expect to offset a significant portion of the decline with growth in strategic areas such as automotive. " Yeah! How awesome is that?

      Guys, step back to think about this. The legacy business is going away, and, awesomely, they already have new businesses that are growing so fast that can offset the #$%$ legacy business. Am I the only one in this board that can do the math of how things will be in the next quarters as the legacy business goes away and the growth continues in new strategic areas?

      Sentiment: Strong Buy

 
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