Earnings GuidanceF4Q guidance was below expectations, again due to weaker expectations on devices in the U.S.
Financial Performance3FQ Revenue/EBITDA of $143mn/$25mn missed both Street expectations and Guide, primarily due to weak device shipments from US carrier partners.
Market OutlookWith low revenue visibility & tepid growth outlook in the near term, there are limited catalysts to drive a stock rally in the next 12 months.