No. The one I got provides about 17 different functions including but not limited to speed, max speed, odometer, average speed, trip time, total trip time, total riding time, temperature, max temperature, min temperature, stopwatch, backlight, and others.
It cost me about $10.00 plus tax with free shipping. I had to mount a magnet on a front wheel spoke, mount a sensor on the front fork to sense the magnet, and mount the display unit base on my handle bars. Took me about 20 minutes to mount the assembly.