iPass Inc. (NASDAQ:IPAS) Files An 8-K Results of Operations and Financial ConditionItem 2.02—Results of Operations and Financial Condition
On August 2, 2017, iPass Inc. issued a press release announcing its second quarter 2017 financial results.A copy of the press release is attached as Exhibit 99.1 to this current report and is incorporated herein by reference.
The information in this Item 2.02 of this current report and in the accompanying exhibit referenced in this Item 2.02 shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.The information contained in this Item 2.02 of this current report and in the accompanying exhibit referenced in this Item 2.02 shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by iPass Inc., whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 2.02—Financial Statements and Exhibits
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ExhibitNo. |
Description |
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99.1 |
Press Release dated August 2, 2017, announcing iPass Inc.’s Second Quarter 2017 Financial Results. |
IPASS INC ExhibitEX-99.1 2 ex-991x8kq22017.htm EXHIBIT 99.1 Exhibit Exhibit 99.1IPASS REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS•Q2’17 revenue of $13.5 million; Q2’17 GAAP net loss of $5.3 million•Usage from Unlimited and Strategic Partnerships increased to 61% of total hours consumed as hours grew 10% over Q1’17REDWOOD SHORES,…To view the full exhibit click here
About iPass Inc. (NASDAQ:IPAS)
iPass Inc. (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information. The Company has categorized its services into two approaches: Enterprise and Strategic Partnerships. Enterprise, formerly Open Mobile Enterprise (OME), focuses on providing mobile connectivity solutions to enterprises, from large to small. Strategic Partnerships, formerly Open Mobile Exchange (OMX), is executed through business development deals intended to open channel distributions for its product to reach the consumer market. Strategic Partnerships include global Original Equipment Manufacturers (OEMs), programs, including credit card companies, software product and service providers, and communication companies.