TeleNav Improves Revenue & Reduces Losses in Q1 2015

Mobile and automotive navigation supplier TeleNav posted revenue of $42.3 million for the quarter ended March 31, 2015 (third quarter of fiscal year 2015). These revenue are up from $34.5 million in the same quarter of fiscal year 2014.

Adjusted EBITDA for the third quarter of fiscal year 2015 was a loss of $4….