Boingo Wireless Inc. (WIFI) on Thursday reported a loss of $3.7 million in its fourth quarter.
On a per-share basis, the Los Angeles-based company said it had a loss of 10 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The provider of Wi-Fi hotspots in airports and other public places posted revenue of $38.8 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $40.2 million.
For the year, the company reported that its loss widened to $22.3 million, or 60 cents per share. Revenue was reported as $139.6 million.
For the current quarter ending in April, Boingo said it expects revenue in the range of $32 million to $35 million.
The company expects a full-year loss of 79 cents to 68 cents per share, with revenue ranging from $158 million to $164 million.
Boingo shares have decreased 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.29, a fall of 20 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.