iPass Reports Third Quarter 2009 Results

iPass Inc. (NASDAQ: IPAS)reported financial results for its third quarter ended September 30, 2009. On a GAAP basis, iPass reported revenues of $42.6 million for the third quarter of 2009 and a $6.1 million net loss or ($0.10) per share, of which $4.8 million or ($0.08) per share resulted from a charge for state sales taxes and related penalties and interest. This compared to revenues of $48.4 million and a $2.1 million net loss or ($0.03) per share in the third quarter of 2008, and compared to revenues of $43.7 million and $1.0 million in net income or $0.02 per diluted share in the prior quarter.