TomTom's Q2 loss widens as inflation, supply chain issues weigh

Dutch navigation and digital mapping company TomTom reported worse-than-expected loss for the second quarter

Dutch navigation and digital mapping company TomTom on Friday reported worse-than-expected loss for the second quarter, citing high inflation and strained supply chains, Qazet.az reports.

The Amsterdam-based company, whose customers range from major carmakers to leading global tech firms, posted quarterly operating loss of $55.7 million, against analysts' average forecast for loss of 20 million euros.