Last $1.93 USD
Change Today +0.03 / 1.58%
Volume 172.8K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

novatel wireless inc (NVTL) Snapshot

Open
$1.87
Previous Close
$1.90
Day High
$1.95
Day Low
$1.85
52 Week High
07/30/13 - $4.43
52 Week Low
03/31/14 - $1.66
Market Cap
66.0M
Average Volume 10 Days
374.6K
EPS TTM
$-0.76
Shares Outstanding
34.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NOVATEL WIRELESS INC (NVTL)

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novatel wireless inc (NVTL) Details

Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. It operates in the Mobile Computing Products, and M2M Products and Solutions segments. The Mobile Computing Products segment offers MiFi Intelligent Mobile Hotspots, the company’s flagship product providing connectivity option for Wi-Fi-enabled devices, such as iPad, Kindle, tablets, PCs, MP3 players, and gaming devices; USB and PC-Card modems for wireless broadband networks access; and embedded modules for use in computing devices, including laptop PCs, netbooks, tablets, and other electronic products to provide wireless broadband access. The M2M Products and Solutions segment provides MT, SA, and AT integrated solutions for monitoring and managing mobile and fixed assets, vehicle tracking and telemetric functions, and workforce tracking and management; Enabler III and HS embedded solutions for various products or equipment to communicate with other computers; and N4A software and design services, such as communications and management software, and design services primarily for asset management solutions. The company serves wireless operators, distributors, original equipment manufacturers, and various companies in vertical markets through direct sales force and distributors. Novatel Wireless, Inc. was founded in 1996 and is headquartered in San Diego, California.

316 Employees
Last Reported Date: 03/12/14
Founded in 1996

novatel wireless inc (NVTL) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $462.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $285.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $300.0K
Senior Vice President of Business Affairs, Ge...
Total Annual Compensation: $270.0K
Chief Marketing Officer
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2012.

novatel wireless inc (NVTL) Key Developments

Novatel Wireless, Inc. and Chipin B.V. to Deliver Usage Based Insurance Solutions to European Markets

Novatel Wireless Inc. and Chipin B.V. announced that Novatel Wireless will supply its MT 3060 and N4A Device Manager to support Usage Based Insurance (UBI) programs in the Benelux Region. Chipin will provide UBI solutions to the Belgium, Netherlands and Luxemburg regions. This deployment, under the label 'fairzekering' for consumers, will showcase a successful technology infrastructure that will serve as a model for future UBI deployments. These UBI programs have the potential to reward good drivers with monthly opportunities to receive up to 25% of their cash back and promote driver safety by using ideal behavior to reduce vehicular accidents. The MT 3060 mobile tracking device is a plug-and-play, self-installed device that can be deployed in minutes by any driver, providing a wealth of diagnostic, maintenance and driving performance information to power commercial and consumer telematics services. The device collects and controls critical data from the vehicle's on-board diagnostics (OBD-II) port and securely delivers that information to the cloud, supporting all five engine OBD-II protocols. It boasts a highly sensitive 3-axis accelerometer for measuring driver behavior, parallel GPS/GNSS satellite location capability and sophisticated technology for impact detection. This capability enables the MT 3060 to detect driver behaviors, such as vehicle speed, location, hard braking, cornering and impact data, necessary for UBI policy rating and other consumer telematics services. The MT 3060 further optimizes performance with an innovative antenna design and disconnect alert feature using an on-board backup battery. Novatel Wireless' robust M2M software offerings quickly build connectivity from Internet Protocol-enabled remote assets to existing enterprise applications, accelerating customer application integration. The N4A Device Manager is a robust platform for the management, configuration, self-care and support of Novatel Wireless M2M devices.

Novatel Wireless Files Shelf Registration; Mulls Acquisitions

Novatel Wireless Inc. (NasdaqGS:NVTL) has filed a shelf registration in the amount of $75 million. The company will use the net proceeds from the sale of securities offered for general corporate purposes, which may include working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses.

Novatel Wireless Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter of Fiscal 2014; Announces Impairment Loss on Equipment, Leasehold Improvements and Software License Intangible Assets for the Fourth Quarter Ended December 31, 2013

Novatel Wireless Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company announced net revenues of $65,335,000 compared to $70,675,000 for the same period a year ago. Operating loss was $21,428,000 compared to $14,618,000 for the same period a year ago. Loss before income taxes was $21,563,000 compared to $14,577,000 for the same period a year ago. Net loss was $21,306,000 compared to $14,912,000 for the same period a year ago. Net loss per share, basic and diluted were $0.63 compared to $0.45 for the same period a year ago. Net cash used in operating activities was $22,302,000 compared to $7,043,000 for the same period a year ago. Purchases of property and equipment were $106,000 compared to $558,000 for the same period a year ago. For the quarter, the company announced non-GAAP net loss of $5,593,000 or $0.16 per diluted share. Adjusted EBITDA was $3,439,000. For the full year, the company announced net revenues of $335,053,000 compared to $344,288,000 for the same period a year ago. Operating loss was $43,221,000 compared to $88,743,000 for the same period a year ago. Loss before income taxes was $43,330,000 compared to $88,655,000 for the same period a year ago. Net loss was $43,413,000 compared to $89,266,000 for the same period a year ago. Net loss per share, basic and diluted were $1.28 compared to $2.72 for the same period a year ago. Net cash used in operating activities was $26,627,000 compared to $29,879,000 for the same period a year ago. Purchases of property and equipment were $5,011,000 compared to $4,579,000 for the same period a year ago. For the full year, the company announced non-GAAP net loss of $20,905,000 or $0.62 per diluted share. Adjusted EBITDA was $12,536,000. The company provided earnings guidance for the first quarter of fiscal 2014. For the first quarter of fiscal 2014, the company expects to report total revenue to be between $50 million and $54 million, non-GAAP gross margin to be between 21% and 22% and non-GAAP loss per share to be between $0.22 and $0.15. For the fourth quarter ended December 31, 2013, the company announced impairment loss on equipment, leasehold improvements and software license intangible assets was $400,000 compared to $10,000 for the same period a year ago.

 

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