Growing topline revenue has and will continue to be our singular focus. That message has helped us drive Annual Contract Value on an impressive growth trajectory.
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The message resonates with our customers, whether it translates into higher productivity, the peace of knowing their data and personal information are secure, or greater cost predictability. And that usage continues to grow, as evident in December 2016, with throughput 73% greater than the same period in 2015. Since launching iPass Unlimited a year ago, our message is as simple as ABC: 'Always Be Connected.' Through a combination of Unlimited Wi-Fi, product development, network expansion and strategic partnerships, our customers consumed 39% more Wi-Fi hours in 2016 over the previous year. Intelligent connection management is the Holy Grail in a connected world, and iPass has climbed to the top in this important technology. "We live in a world that always needs to be connected, yet no single network - 3/4G, LTE, Wi-Fi - is ubiquitous.
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iPass is solving the exploding demand for mobile data with our intelligent connection management," said Gary Griffiths, president and CEO.
#CALL IPASS SOFTWARE#
Today, we have made our mark as a software company. "Two years ago, iPass was essentially a reseller of Wi-Fi.
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( NASDAQ: IPAS), a leading provider of global mobile connectivity, reported total revenue of $16.1 million, GAAP net loss of $1.3 million, and Adjusted EBITDA loss of $0.5 million for the quarter ended December 31, 2016, and total revenue of $63.2 million, GAAP net loss of $7.8 million, and Adjusted EBITDA loss of $3.2 million for the year ended December 31, 2016. REDWOOD SHORES, CA-(Marketwired - Feb 9, 2017) - iPass Inc.