iPass Inc. (Nasdaq:IPAS) a leading provider of enterprise mobility services, announced financial results for its fourth quarter and fiscal year ended December 31, 2010. iPass reported revenues of $38.6 million for the fourth quarter of 2010, compared to revenues of $40.5 million in the fourth quarter of 2009. GAAP net income in the fourth quarter of 2010 was $0.8 million or $0.01 per share, compared to a $5.3 million net loss or ($0.09) per share in the fourth quarter of 2009.
The fourth quarter 2010 GAAP results include a benefit of $2.1 million from the favorable settlement of certain sales tax obligations with a state taxing authority.
iPass Inc. provides enterprise mobility services that facilitate network access from mobile devices. The company was founded in 1996 and is headquartered in Redwood Shores, California.
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