SAN DIEGO (AP) _ Inseego Corp. (INSG) on Tuesday reported a loss of $10.8 million in its second quarter.
The San Diego-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.
The holding company posted revenue of $55.9 million in the period.
For the current quarter ending in October, Inseego said it expects revenue in the range of $58 million to $62 million.
In the final minutes of trading on Tuesday, the company's shares hit $4.63. A year ago, they were trading at $1.95.