News
Telit Communications - Full year results
o Cloud and connectivity revenues up 7% to $27.7 million. ·Gross margin of 35.1% with gross profit of $131.6 million. ·Adjusted EBITDA of $18.1 million reflecting lower gross margin and increase in operating expenses.
o Cloud and connectivity revenues up 7% to $27.7 million. ·Gross margin of 35.1% with gross profit of $131.6 million. ·Adjusted EBITDA of $18.1 million reflecting lower gross margin and increase in operating expenses.