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Novatel Wireless sales and gross margins up

By Mauricio Freitas, in , posted: 2-May-2007 09:18

Margins should be up for Novatel Wireless... It seems they have no support service, so no support costs... This is from their press release today:


Novatel Wireless Reports Record Results Driven by Strong Sales Across Multi-Pronged 3G Product Portfolio
First Quarter Revenue Increases 174% Year Over Year and 43% Sequentially

“Our first quarter performance was the best in Company history, with record sales, strong gross margins and impressive operating leverage,” commented Brad Weinert, Novatel Wireless’ acting Chief Executive Officer. “Sales were even higher than forecasted in our revised guidance due to strong end-of-the-quarter momentum for newly introduced ExpressCards and Ovation USB devices. During the quarter, shipments of the Company’s ExpressCards – the most successful new product introduction in our history – grew to almost $50 million in sales.


The product can be a success. It's actually quite good. But when you contact the Novatel support multiple times through their support forms but receive no replies, as it happened to me, then it really leaves a bad taste in your mouth.






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Mauricio Freitas
Wellington
New Zealand


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