SAN DIEGO (AP) _ Inseego Corp. (INSG) on Thursday reported a loss of $27.4 million in its fourth quarter.
The San Diego-based company said it had a loss of 50 cents per share. Losses, adjusted for one-time gains and costs, came to 5 cents per share.
The holding company posted revenue of $52.9 million in the period.
For the year, the company reported that its loss widened to $60.6 million, or $1.12 per share. Revenue was reported as $243.6 million.
In the final minutes of trading on Thursday, the company's shares hit $2.85. A year ago, they were trading at $1.60.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG
Keywords: Inseego, Earnings Report