Third Consecutive Quarter of Double-Digit
Revenue Growth and Positive Adjusted EBITDA
Revenue of $64 Million, up 33% YoY; Adjusted
EBITDA of $1.6 Million
Cash Balance Grew 43% YoY to $124 Million
Telenav®, Inc. (NASDAQ:TNAV), a leading provider of connected
car and location-based products and services, today released its
financial results for the third fiscal quarter ended March 31,
2020. In connection with this announcement, the company also posted
a supplemental financial results presentation on its website.
Please visit Telenav’s investor relations website at
http://investor.telenav.com to view the financial results and
materials, and additional commentary regarding the information in
this release.
“Telenav executed well in a challenging economic environment,
driving strong financial results,” said HP Jin, Chairman and CEO of
Telenav. “We responded to the pandemic quickly to maintain
productivity of our staff and maintain engineering schedules. We
also maintained operational discipline and managed costs, thereby
positioning the company to win deals that will emerge as the growth
of connected vehicles opens new OEM opportunities.”
Financial highlights for the third quarter ended March 31,
2020
- Total revenue for the third quarter of fiscal 2020 was $64.5
million, an increase of 33% compared with $48.5 million in the
third quarter of fiscal 2019. Product revenue for the third quarter
of fiscal 2020 was $52.1 million, an increase of 25% compared with
$41.7 million in the third quarter of fiscal 2019. Services revenue
for the third quarter of fiscal 2020 was $12.4 million, an increase
of 82% compared with $6.8 million in the third quarter of fiscal
2019.
- GAAP gross profit was $29.0 million in the third quarter of
fiscal 2020, an increase of 37% compared with $21.1 million in the
third quarter of fiscal 2019.
- Billings, a non-GAAP measure, for the third quarter of fiscal
2020 were $63.5 million, a decrease of 2% compared with $64.6
million in the third quarter of fiscal 2019.
- GAAP loss from continuing operations for the third quarter of
fiscal 2020 was $(1.2) million, compared with $(5.9) million in the
third quarter of fiscal 2019.
- GAAP net loss for the third quarter of fiscal 2020 was $(0.7)
million, compared with $(7.5) million for the third quarter of
fiscal 2019.
- Adjusted EBITDA, a non-GAAP measure, for the third quarter of
fiscal 2020 was $1.6 million, compared with a loss of $(3.3)
million for the third quarter of fiscal 2019.
- Ending cash, cash equivalents and short-term investments,
excluding restricted cash, were $123.7 million as of March 31,
2020, an increase of $24.3 million compared with $99.5 million as
of June 30, 2019. This represented cash, cash equivalents and
short-term investments of $2.62 per share, based on approximately
47.3 million shares of common stock outstanding as of March 31,
2020. Telenav had no debt as of March 31, 2020.
- Telenav repurchased approximately 926,000 shares in the third
quarter of fiscal 2020 for approximately $5.3 million.
Recent Business Highlights
- Telenav continued to execute on its connected car platform
strategy to capitalize on the $500B connected car market.
- Telenav achieved Automotive SPICE® Level 2 Certification.
- Telenav and Alpine have teamed to develop an easy, low-cost
aftermarket way to quickly upgrade existing in-vehicle infotainment
systems to Telenav’s VIVID™ solution.
- Telenav increased its investment in MotionAuto, an intelligent,
usage-based insurance company, as part of its In-Car Commerce and
Communications domain initiatives.
- 1.2 million Telenav-equipped cars capable of connected services
were deployed into the global market during the quarter ended March
31, 2020, bringing total cumulative connected units deployed to
date to 18.6 million and total cumulative auto units deployed to
28.4 million.
The company intends to provide information regarding its ongoing
business and outlook for its fourth quarter fiscal 2020 on the
conference call.
Conference Call and Quarterly Commentary
Telenav will host an investor conference call and live webcast
on Thursday, May 7, 2020 at 2:00 p.m. Pacific Time (5:00 p.m.
Eastern Time). Management has posted a supplemental financial
results presentation in combination with Telenav’s Third Quarter
Fiscal Year 2020 Financial Results press release on its investor
relations website. To listen to the webcast and view Telenav’s
quarterly presentation, please visit Telenav’s investor relations
website at http://investor.telenav.com. Listeners can also access
the conference call by dialing 866-548-4713 (toll-free, domestic
only) or 323-794-2093 (domestic and international toll) and
entering pass code 8265409. A replay of the conference call will be
available for two weeks beginning approximately two hours after the
call’s completion. To access the replay, dial 888-203-1112
(toll-free, domestic only) or 719-457-0820 (domestic and
international toll) and enter pass code 8265409.
Use of Non-GAAP Financial Measures
Telenav prepares its financial statements in accordance with
generally accepted accounting principles for the United States, or
GAAP. The non-GAAP financial measures such as billings, change in
deferred revenue, change in deferred costs, adjusted EBITDA, and
free cash flow included in this press release are different from
those otherwise presented under GAAP. Telenav has provided these
measures in addition to GAAP financial results because management
believes these non-GAAP measures help provide a consistent basis
for comparison between periods that are not influenced by certain
items and, therefore, are helpful in understanding Telenav’s
underlying operating results. These non-GAAP measures are some of
the primary measures Telenav’s management uses for planning and
forecasting. These measures are not in accordance with, or an
alternative to, GAAP and these non-GAAP measures may not be
comparable to information provided by other companies.
To reconcile the historical GAAP results to non-GAAP financial
metrics, please refer to the reconciliations in the financial
statements included in this earnings release.
Billings equals GAAP revenue recognized plus the change in
deferred revenue from the beginning to the end of the applicable
period. In connection with its presentation of the change in
deferred revenue, Telenav has provided a similar presentation of
the change in the related deferred costs. Such deferred costs
primarily include costs associated with third party content and
certain development costs associated with its customized software
solutions whereby customized engineering fees are earned. As the
company enters into more hybrid and brought-in navigation programs,
deferred revenue and deferred costs become larger components of its
operating results, so Telenav believes these metrics are useful in
evaluating cash flows.
Telenav considers billings to be a useful metric for management
and investors because billings drive revenue and deferred revenue,
which is an important indicator of its business. There are a number
of limitations related to the use of billings versus revenue
calculated in accordance with GAAP. First, billings include amounts
that have not yet been recognized as revenue or cost and may
require additional services or costs to be provided over contracted
service periods. For example, billings related to certain
brought-in solutions cannot be fully recognized as revenue in a
given period due to requirements for ongoing map updates and
provisioning of services such as hosting, monitoring, customer
support and, for certain customers, additional period content and
associated technology costs. Second, we may calculate billings in a
manner that is different from peer companies that report similar
financial measures, making comparisons between companies more
difficult. Accordingly, when Telenav uses this measure, it attempts
to compensate for these limitations by providing specific
information regarding billings and how they relate to revenue
calculated in accordance with GAAP.
Adjusted EBITDA measures GAAP net loss adjusted for discontinued
operations and excluding the impact of stock-based compensation
expense, depreciation and amortization, other income (expense) net,
provision (benefit) for income taxes, and other applicable items
such as legal settlements and contingencies and merger and
acquisition, or M&A, transaction expenses, net of tax.
Stock-based compensation expense relates to equity incentive awards
granted to its employees, directors, and consultants. Legal
settlements and contingencies represent settlements, offers made to
settle, or loss accruals relating to litigation or other disputes
in which Telenav is a party or the indemnitor of a party. M&A
transaction expenses relate primarily to costs associated with
transactions, such as the inMarket Transaction and the Grab
Transaction.
Adjusted EBITDA, while generally a measure of profitability, can
also represent a loss. Adjusted EBITDA is a key measure used by
Telenav’s management and board of directors to understand and
evaluate Telenav’s core operating performance and trends, to
prepare and approve its annual budget and to develop short- and
long-term operational plans. In particular, Telenav believes that
the exclusion of the expenses eliminated in calculating adjusted
EBITDA and can provide a useful measure for period-to-period
comparisons of Telenav’s core business. Accordingly, Telenav
believes that adjusted EBITDA generally provides useful information
to investors and others in understanding and evaluating our
operating results in the same manner as Telenav’s management and
board of directors.
Free cash flow is a non-GAAP financial measure Telenav defines
as net cash provided by (used in) operating activities, less
purchases of property and equipment. Telenav considers free cash
flow to be a liquidity measure that provides useful information to
management and investors about the amount of cash (used in)
generated by its business after purchases of property and
equipment.
In the conference call associated with this press release, or in
the supplemental investor presentation on its website, Telenav may
provide guidance for the fourth quarter of fiscal 2020 on a
non-GAAP basis for billings and adjusted EBITDA. Telenav does not
provide reconciliations of these forward-looking non-GAAP financial
measures to the corresponding GAAP measures due to the high
variability and difficulty in making accurate forecasts and
projections with respect to deferred revenue, deferred costs,
stock-based compensation and tax provision (benefit), which are
components of these non-GAAP financial measures. In particular,
stock-based compensation is impacted by future hiring and retention
needs, as well as the future fair market value of Telenav’s common
stock, all of which is difficult to predict and subject to constant
change. The actual amounts of these items will have a significant
impact on Telenav’s net loss per diluted share and tax provision
(benefit). Accordingly, reconciliations of Telenav’s
forward-looking non-GAAP financial measures to the corresponding
GAAP measures are not available without unreasonable effort.
Forward Looking Statements
This press release contains forward-looking statements that are
based on Telenav management’s beliefs and assumptions and on
information currently available to its management. Actual events or
results may differ materially from those described in this document
due to a number of risks and uncertainties. These potential risks
and uncertainties include, among others: the impact of the COVID-19
on business activity, including but not limited to the shutdown of
manufacturing operations by Ford, GM and other automobile
manufacturer customers, consumer demand for new vehicles and the
Company’s operations; when Ford, GM and other automobile
manufacturer partners will resume partial or full production and
the impact the continued period of reduced volume of new vehicles
being produced will have on our revenue and operating results; the
ensuing economic recession; the Company’s ability to achieve future
revenue currently estimated under customer engagements, including
the Company’s ability to determine, achieve and accurately
recognize revenue under customer engagements, including
specifically related to the Company’s transaction with Grab
Holdings; the Company's ability to develop and implement products
for Ford, GM and Toyota and to support Ford, GM and Toyota and
their customers; the impact of Ford’s announcement regarding the
elimination of various sedans in North America over the near term;
the impact of tariffs on sales of automobiles in the United States
and other markets; the Company’s success in extending its contracts
for current and new generation of products with its existing
automobile manufacturers and tier ones, particularly Ford; the
impact of GM’s announcement regarding Google Automotive Services;
the Company’s ability to achieve additional design wins and the
delivery dates of automobiles including the Company’s products;
adoption by vehicle purchasers of Scout GPS Link; the Company’s
ability to remediate its material weaknesses in its internal
control over financial reporting and disclosures, and timely
demonstrate such mitigation, including as it may relate to the
Company’s recognition of revenue, including under the Grab
Transaction; the Company’s dependence on a limited number of
automobile manufacturers and tier ones for a substantial portion of
its revenue and the impact of labor stoppages on those automobile
manufacturers’ and tier ones’ ability to produce vehicles;
reductions in demand for automobiles; potential impacts of
automobile manufacturers and tier ones including competitive
capabilities in their vehicles such as Apple CarPlay and Android
Auto; the Company’s continued reporting of losses and operating
expenses in excess of expectations; the timing of new product
releases and vehicle production by the Company’s automotive
customers, including inventory procurement and fulfillment;
possible warranty claims, and the impact on consumer perception of
its brand; the Company’s ability to perform under its initiatives
with Amazon and Microsoft, and benefit from those initiatives; the
potential that the Company may not be able to realize its deferred
tax assets and may have to take a reserve against them. Telenav
discusses these risks in greater detail in “Risk Factors” and
elsewhere in its Form 10-K for the fiscal year ended June 30, 2019
and other filings with the U.S. Securities and Exchange Commission
(“SEC”), which are available at the SEC’s website at www.sec.gov.
Given these uncertainties, you should not place undue reliance on
these forward-looking statements. Also, forward-looking statements
represent management’s beliefs and assumptions only as of the date
made. You should review the company’s SEC filings carefully and
with the understanding that actual future results may be materially
different from what Telenav expect.
ABOUT TELENAV, INC.
Telenav is a leading provider of connected car and
location-based services, focused on transforming life on the go for
people - before, during, and after every drive. Leveraging our
location platform, we enable our customers to deliver custom
connected car and mobile experiences. To learn more about how
Telenav’s location platform powers personalized navigation,
mapping, big data intelligence, social driving, and location-based
advertising, visit www.telenav.com.
Copyright 2020 Telenav, Inc. All Rights Reserved.
Telenav and the “Telenav” logo are registered trademarks and
“VIVID” is a trademark of Telenav, Inc. All rights reserved. Unless
otherwise noted, all other trademarks, service marks, and logos
used in this press release are the trademarks, service marks or
logos of their respective owners.
Telenav, Inc. Condensed Consolidated Balance Sheets
(in thousands, except par value) (unaudited) March
31, June 30,
2020
2019
Assets Current assets: Cash and cash equivalents
$
16,476
$
27,275
Short-term investments
107,273
72,203
Accounts receivable, net of allowances of $6 and $7 at March 31,
2020 andJune 30, 2019, respectively
41,926
69,781
Restricted cash
1,541
1,950
Deferred costs
29,744
18,752
Prepaid expenses and other current assets
3,477
3,784
Assets of discontinued operations, non-current
-
6,330
Total current assets
200,437
200,075
Property and equipment, net
5,411
5,583
Operating lease right-of-use assets
7,909
-
Deferred income taxes, non-current
1,081
998
Goodwill and intangible assets, net
14,255
15,701
Deferred costs, non-current
52,954
61,050
Other assets
33,504
1,414
Assets of discontinued operations, non-current
-
12,194
Total assets
$
315,551
$
297,015
Liabilities and stockholders’ equity Current liabilities:
Trade accounts payable
$
24,082
$
16,061
Accrued expenses
36,208
48,899
Operating lease liabilities
3,161
-
Deferred revenue
43,841
31,270
Income taxes payable
537
800
Liabilities of discontinued operations
-
3,373
Total current liabilities
107,829
100,403
Deferred rent, non-current
-
1,266
Operating lease liabilities, non-current
5,785
-
Deferred revenue, non-current
99,361
103,865
Other long-term liabilities
667
811
Liabilities of discontinued operations, non-current
-
30
Commitments and contingencies
-
-
Stockholders’ equity: Preferred stock, $0.001 par value: 50,000
shares authorized; no shares issued or outstanding
-
-
Common stock, $0.001 par value: 600,000 shares authorized; 47,288
and 46,911shares issued and outstanding at March 31, 2020 and June
30, 2019, respectively
47
47
Additional paid-in capital
189,387
182,349
Accumulated other comprehensive loss
(2,004
)
(1,477
)
Accumulated deficit
(85,521
)
(90,279
)
Total stockholders’ equity
101,909
90,640
Total liabilities and
stockholders’ equity
$
315,551
$
297,015
Telenav, Inc. Condensed Consolidated Statements of
Operations (in thousands, except per share amounts)
(unaudited) Three Months Ended Nine Months
Ended March 31, March 31,
2020
2019
2020
2019
Revenue: Product
$
52,106
$
41,723
$
169,639
$
124,050
Services
12,390
6,817
35,361
20,902
Total revenue
64,496
48,540
205,000
144,952
Cost of revenue: Product
27,664
23,532
86,087
72,135
Services
7,859
3,917
20,009
11,762
Total cost of revenue
35,523
27,449
106,096
83,897
Gross profit
28,973
21,091
98,904
61,055
Operating expenses: Research and development
21,617
19,322
61,997
55,580
Sales and marketing
2,166
2,167
6,246
5,535
General and administrative
6,403
5,523
20,118
16,694
Legal settlements and contingencies
-
-
-
650
Total operating expenses
30,186
27,012
88,361
78,459
Income (loss) from operations
(1,213
)
(5,921
)
10,543
(17,404
)
Other income, net
1,088
581
2,245
2,703
Income (loss) from continuing operations before provision for
income taxes
(125
)
(5,340
)
12,788
(14,701
)
Provision for income taxes
505
194
1,121
1,036
Equity in net (income) loss of equity method investees
103
-
(694
)
-
Income (loss) from continuing operations
(733
)
(5,534
)
12,361
(15,737
)
Discontinued operations: Income (loss) from operations of
Advertising business, net of tax
-
(1,947
)
832
(3,895
)
Loss from sale of Advertising business
-
-
(4,874
)
-
Loss on discontinued operations
-
(1,947
)
(4,042
)
(3,895
)
Net income (loss)
$
(733
)
$
(7,481
)
$
8,319
$
(19,632
)
Basic income (loss) per share: Income (loss) from continuing
operations
$
(0.02
)
$
(0.12
)
$
0.26
$
(0.35
)
Loss on discontinued operations
-
(0.04
)
(0.08
)
(0.09
)
Net income (loss)
$
(0.02
)
$
(0.16
)
$
0.17
$
(0.43
)
Diluted income (loss) per share: Income (loss) from continuing
operations
$
(0.02
)
$
(0.12
)
$
0.25
$
(0.35
)
Loss on discontinued operations
-
(0.04
)
(0.08
)
(0.09
)
Net income (loss)
$
(0.02
)
$
(0.16
)
$
0.17
$
(0.43
)
Weighted average shares used in computing income (loss) per share
Basic
47,902
45,585
48,053
45,347
Diluted
47,902
45,585
49,022
45,347
Telenav, Inc. Condensed Consolidated Statements of
Cash Flows (in thousands) (unaudited)
Nine Months EndedMarch 31,
2020
2019
Operating activities Net income (loss)
$
8,319
$
(19,632
)
Loss on discontinued operations
4,042
3,895
Income (loss) from continuing operations
12,361
(15,737
)
Adjustments to reconcile net income (loss) to net cash provided by
operating activities: Stock-based compensation expense
5,189
5,611
Depreciation and amortization
2,685
2,982
Operating lease amortization net of accretion
2,153
-
Accretion of net premium on short-term investments
157
(15
)
Unrealized gain on non-marketable equity investments
-
(1,260
)
Equity in net income of equity method investees
(694
)
-
Gain on sale of intellectual property and workforce to Grab
(45
)
Non-cash revenue associated with grant of perpetual license to Grab
(5,831
)
-
Other
(38
)
(22
)
Changes in operating assets and liabilities: Accounts receivable
28,334
(11,581
)
Deferred income taxes
(110
)
209
Deferred costs
(2,924
)
(13,934
)
Prepaid expenses and other current assets
1,463
(162
)
Other assets
(21
)
(123
)
Trade accounts payable
7,913
12,020
Accrued expenses and other liabilities
(13,910
)
(1,728
)
Income taxes payable
(252
)
160
Deferred rent
-
488
Operating lease liabilities
(2,791
)
-
Deferred revenue
8,042
29,281
Net cash provided by operating activities
41,681
6,189
Investing activities Purchases of property and equipment
(1,320
)
(956
)
Purchases of short-term investments
(67,347
)
(31,044
)
Purchases of long-term investments
(9,500
)
-
Proceeds from sales and maturities of short-term investments
31,789
34,214
Net cash provided by (used in) investing activities
(46,378
)
2,214
Financing activities Proceeds from exercise of stock options
8,390
1,356
Tax withholdings related to net share settlements of restricted
stock units
(1,230
)
(1,831
)
Repurchase of common stock
(9,353
)
(1,303
)
Net cash used in financing activities
(2,193
)
(1,778
)
Effect of exchange rate changes on cash, cash equivalents and
restricted cash
(343
)
(401
)
Net increase (decrease) in cash, cash equivalents and restricted
cash, continuing operations
(7,233
)
6,224
Net cash used in discontinued operations
(3,975
)
(3,154
)
Cash, cash equivalents and restricted cash, beginning of period
29,225
20,099
Cash, cash equivalents and restricted cash, end of period
$
18,017
$
23,169
Supplemental disclosure of cash flow information Income
taxes paid, net
$
1,626
$
730
Non-cash investing: Investment in Market Media LLC acquired in
exchange for sale of Advertising business
$
15,600
$
-
Non-cash sale of assets to Grab in exchange for equity investment
and software
$
7,012
$
-
Cash flow from discontinued operations: Net cash used in operating
activities
$
(3,569
)
$
(3,154
)
Net cash used in financing activities
(406
)
-
Net cash transferred from continuing operations
3,975
3,154
Net change in cash and cash equivalent from discontinued operation
-
-
Cash and cash equivalent of discontinued operations, beginning of
period
-
-
Cash and cash equivalent of discontinued operations, end of period
$
-
$
-
Reconciliation of cash, cash equivalents and restricted cash to
the condensed consolidated balance sheets Cash and cash
equivalents
$
16,476
$
21,254
Restricted cash
1,541
1,915
Total cash, cash equivalents and restricted cash
$
18,017
$
23,169
Telenav, Inc. Unaudited Reconciliation of Non-GAAP
Adjustments (in thousands) Reconciliation of Revenue
to Billings Three Months Ended Nine
Months Ended March 31, March 31,
2020
2019
2020
2019
Revenue
$
64,496
$
48,540
$
205,000
$
144,952
Adjustments:
Change in deferred revenue
(969
)
16,047
8,067
29,281
Billings
$
63,527
$
64,587
$
213,067
$
174,233
Telenav, Inc. Unaudited Reconciliation of Non-GAAP
Adjustments (in thousands) Reconciliation of Deferred
Revenue to Change in Deferred Revenue Reconciliation of
Deferred Costs to Change in Deferred Costs
Three Months EndedMarch 31, Nine Months EndedMarch
31,
2020
2019
2020
2019
Deferred revenue, end of period
$
143,202
$
103,819
$
143,202
$
103,819
Deferred revenue, beginning of period
144,171
87,772
135,135
74,538
Change in deferred revenue
$
(969
)
$
16,047
$
8,067
$
29,281
Deferred costs, end of period
$
82,698
$
72,359
$
82,698
$
72,359
Deferred costs, beginning of period
81,763
65,465
79,802
58,425
Change in deferred costs(1)
$
935
$
6,894
$
2,896
$
13,934
(1) Deferred costs primarily include costs associated
with third-party content and in connection with certain customized
software solutions, the costs incurred to develop those solutions.
We expect to incur additional costs in the future due to
requirements to provide ongoing map updates and provisioning of
services such as hosting, monitoring, customer support and, for
certain customers, additional period content and associated
technology costs.
Telenav, Inc. Unaudited Reconciliation
of Non-GAAP Adjustments (in thousands) Reconciliation
of Net Income (Loss) to Adjusted EBITDA Three Months
Ended Nine Months Ended March 31, March
31,
2020
2019
2020
2019
Net income (loss)
$
(733
)
$
(7,481
)
$
8,319
$
(19,632
)
Loss on discontinued operations
-
1,947
4,042
3,895
Income (loss) from continuing operations
(733
)
(5,534
)
12,361
(15,737
)
Adjustments: Legal settlement and contingencies
-
-
-
650
Stock-based compensation expense
1,959
1,688
5,189
5,611
Depreciation and amortization expense
829
966
2,685
2,982
Other income, net
(1,088
)
(581
)
(2,245
)
(2,703
)
Provision for income taxes
505
194
1,121
1,036
Equity in net (income) loss of equity method investees
103
-
(694
)
-
Adjusted EBITDA
$
1,575
$
(3,267
)
$
18,417
$
(8,161
)
Telenav, Inc. Unaudited Reconciliation of Non-GAAP
Adjustments (in thousands) Reconciliation of Net
Income (Loss) to Free Cash Flow Three Months
Ended Nine Months Ended March 31, March
31,
2020
2019
2020
2019
Net income (loss)
$
(733
)
$
(7,481
)
$
8,319
$
(19,632
)
Loss on discontinued operations
-
1,947
4,042
3,895
Income (Loss) from continuing operations
(733
)
(5,534
)
12,361
(15,737
)
Adjustments to reconcile net income (loss) to net cash
provided by operating activities: Change in deferred revenue (1)
(994
)
16,047
8,042
29,281
Change in deferred costs (2)
(963
)
(6,894
)
(2,924
)
(13,934
)
Changes in other operating assets and liabilities
11,904
(5,019
)
20,626
(717
)
Other adjustments (3)
(2,046
)
2,630
3,576
7,296
Net cash provided by operating activities
7,168
1,230
41,681
6,189
Less: Purchases of property and equipment
(242
)
(511
)
(1,320
)
(956
)
Free cash flow
$
6,926
$
719
$
40,361
$
5,233
(1) Consists of product royalties, customized software
development fees, service fees and subscription fees. (2) Consists
primarily of third party content costs and customized software
development expenses. (3) Consist primarily of depreciation and
amortization, stock-based compensation expense and other non-cash
items.
TNAV-F TNAV-C
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200507006004/en/
Investor Relations: Bishop IR Mike Bishop 415-894-9633
IR@telenav.com Media: Raphel Finelli 408-667-5970
raphelf@telenav.com
Telenav (NASDAQ:TNAV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Telenav (NASDAQ:TNAV)
Historical Stock Chart
From Apr 2023 to Apr 2024