NEW YORK (TheStreet) -- Tangoe Inc. (TNGO - Get Report) issued its 2014 second quarter financial results after the bell on Wednesday, and posted a net loss of -$0.4 million, or -1 cent per share, compared to net income of $0.6 million, or 1 cent per share for the year ago quarter.
However, the communications life-cycle management, software, and services company said adjusted EBITDA grew to $8.4 million for the most recent quarter, from $7.3 million for the 2013 second quarter.
Tangoe reported a 14% rise in revenue to $52.7 million, over the $46.4 million from the previous year's second quarter.
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Shares of Tangoe are flat in after-hours trading today. TheStreet Ratings team rates TANGOE INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation: "We rate TANGOE INC (TNGO) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."
You can view the full analysis from the report here: TNGO Ratings Report
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