Telenav, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported total revenue was $50.63 million against $53.17 million a year ago. Income from operations was $1.45 million against $11.74 million a year ago. Income before provision for income tax was $2.07 million against $12.24 million a year ago. Net income was $0.904 million against $10.24 million a year ago. Diluted income per share was $0.02 against $0.23 a year ago. Non-GAAP net income was $4.67 million or $0.11 diluted per share against $11.73 million or $0.27 diluted per share a year ago. Adjusted EBITDA was $7.29 million against $14.84 million a year ago.

For the six months, the company reported total revenue was $96.58 million against $105.9 million a year ago. Income from operations was $3.34 million against $12.2 million a year ago. Income before provision for income tax was $5.83 million against $24.96 million a year ago. Net income was $3.6 million against $18.43 million a year ago. Diluted income per share was $0.08 against $0.41 a year ago. Non-GAAP net income was $9.13 million or $0.21 diluted per share against $21.53 million or $0.48 diluted per share a year ago. Adjusted EBITDA was $13.95 million against $30.37 million a year ago. Net cash provided by operating activities was $41.81 million against $7.44 million a year ago. Purchases of property and equipment were $1.16 million against $10.1 million a year ago. Additions to capitalized software were $0.607 million against $1.08 million a year ago.

For the third quarter ending March 31, 2013, the company expected total revenue to be $52 to $54 million, which will include approximately $9 million of revenue related to non-recurring engineering fees earned in automotive business; Revenue from strategic growth areas and international is expected to be 55% to 60% of total revenue; GAAP gross margin is expected to be 64% to 65%; Non-GAAP gross margin is expected to be 66% to 67%, and excludes adjustments which include the amortization of capitalized software and developed technology of approximately $1 million; GAAP operating expenses are expected to be $32 to $33 million; Non-GAAP operating expenses are expected to be $29.5 to $30.5 million, and exclude approximately $2.5 million in stock-based compensation expense; GAAP net income is expected to be break even to $1 million; GAAP diluted net income per share is expected to be $0.00 to $0.02; Non-GAAP net income is expected to be $3 to $4 million, and excludes the impact of approximately $2.5 million of stock-based compensation expense and approximately $1 million of capitalized software and developed technology amortization expenses; Non-GAAP diluted net income per share is expected to be $0.07 to $0.09; Adjusted EBITDA is expected to be $6 to $7 million, and excludes the impact of approximately $2.5 million in stock-based compensation expenses and approximately $2.5 million of depreciation and amortization expenses.

For the fiscal year ending June 30, 2013, the company expected total revenue to be $193 to $197 million; Revenue from strategic growth areas and international is expected to be approximately 50% of total revenue for the fiscal year; GAAP gross margin is expected to be 65% to 66%; Non-GAAP gross margin is expected to be 67% to 68%, and excludes adjustments which include the amortization of capitalized software and developed technology of approximately $4 million; GAAP net income is expected to be breakeven to $1 million; GAAP diluted net income per share is expected to be $0.00 to $0.02; Non-GAAP net income is expected to be $11 million to $14 million, or $0.26 to $0.33 per diluted share, and excludes the impact of $9 to $10 million of stock-based compensation expense, net of taxes, and approximately $4 million of capitalized software and developed technology amortization expenses; Adjusted EBITDA is expected to be $18 to $21 million, and excludes the impact of $9 to $10 million in stock-based compensation expenses and $9 to $10 million of depreciation and amortization expenses.