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Wireless Broadband Leader Inseego Unveils the Wavemaker 5G Cellular Router FX4100 and Wavemaker Mesh Wi-Fi X700 for T-Mobile for Business
Globenewswire· 2025-05-29 12:05
Inseego and T-Mobile join forces to deliver secure, resilient, and high-performance FWA connectivity for business customers throughout the United States SAN DIEGO, May 29, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a global leader in wireless broadband, including 5G mobile broadband, and 5G fixed wireless access (FWA) solutions, today announced the launch of their first 5G Advanced solutions, the Inseego Wavemaker™ 5G cellular router FX4100 and Inseego Wavemaker™ mesh Wi-Fi X700, designed exclus ...
Inseego (INSG) - 2025 FY - Earnings Call Transcript
2025-05-28 15:50
Inseego (INSG) FY 2025 Conference May 28, 2025 10:50 AM ET Speaker0 Everyone for joining us. I'm Lance Vitanza, senior tech analyst at TD Cowen. I'm delighted to have the Inseego team with us here. It's Yuho Sarvakas and Steven Gaitoff. Yuho, of course, the CEO, Steven the CFO, and the general manager of Inseego Subscribe, which I want to get into at some point as well. Fair enough. But let's start actually maybe just with a little bit of Inseego one hundred one and talk a little bit about where the company ...
Inseego Corp.: Sell On Elevated Execution Risk
Seeking Alpha· 2025-05-27 14:22
I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...
Inseego Selected for Preliminary Inclusion in the Russell 2000® Index
Globenewswire· 2025-05-27 12:05
Group 1 - Inseego Corp. has been selected for preliminary inclusion in the Russell 2000 Index, which is expected to enhance the company's visibility among institutional investors and index funds [1][2] - The inclusion is seen as a significant milestone and validation of the company's progress under the leadership of CEO Juho Sarvikas, who emphasizes the importance of broadening institutional awareness [3] - Inseego is actively investing in its fixed wireless access (FWA) and mobile broadband business, while also expanding its software platforms to provide comprehensive cloud-managed connectivity solutions [3] Group 2 - The Russell 2000 Index includes the smallest 2,000 companies from the broader Russell 3000 Index and serves as a benchmark for small-cap U.S. equities [2] - Membership in the index is determined annually and will transition to a semi-annual reconstitution schedule starting in 2026, with updates occurring in June and November [4]
Inseego Strengthens Carrier Partnerships with Addition of Two Industry Leaders to Sales Team
Globenewswire· 2025-05-20 12:05
5G carrier experts joining to accelerate growth and innovation and further strengthen Inseego’s market position with Tier-1 carrier partnersSAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a global leader in wireless broadband, including 5G mobile broadband and 5G fixed wireless access (FWA) solutions, today announced the appointment of two highly respected industry leaders to its Carrier Sales team. These strategic additions will play a critical role in advancing Inseego’s leadersh ...
Inseego to Participate in TD Cowen and Stifel Investor Conferences
Globenewswire· 2025-05-14 20:05
SAN DIEGO, May 14, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (the “Company”), a global leader in wireless broadband, including 5G mobile broadband and 5G fixed wireless access (FWA) solutions, today announced its participation in the following upcoming investor conferences: TD Cowen 53rd Annual Technology, Media & Telecom Conference Location: InterContinental New York Barclay, New York, NYDate: Wednesday, May 28 at 10:50 a.m. Eastern timeExecutives: CEO Juho Sarvikas and CFO Steven GatoffWebcas ...
Inseego (INSG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-05-09 00:00
For the quarter ended March 2025, Inseego (INSG) reported revenue of $31.67 million, down 29.6% over the same period last year. EPS came in at -$0.01, compared to -$0.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $32.07 million, representing a surprise of -1.23%. The company delivered an EPS surprise of +85.71%, with the consensus EPS estimate being -$0.07.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...
Inseego (INSG) - 2025 Q1 - Quarterly Report
2025-05-08 23:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Exact name of registrant as specified in its charter) 9710 Scranton Road, Suite 200 San Diego, California 92121 (Address of Principal Executive Offices) (Zip Code) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...
Inseego (INSG) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:02
Inseego (INSG) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Juho Sarvikas - CEOSteven Gatoff - CFO & Principal Accounting Officer Conference Call Participants None - Analyst Operator Hello, and welcome to Inseego Corp's First Quarter twenty twenty five Financial Results Conference Call. Please note that today's event is being recorded. All participants today will be in a listen only mode. After today's presentation, there will be an opportunity for Q and A. On the call today are Yuho ...
Inseego (INSG) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:00
Financial Data and Key Metrics Changes - In Q1 2025, revenue was impacted by delayed carrier promotions and FWA orders, but adjusted EBITDA exceeded expectations, indicating strong cost management despite softer hardware volumes [5][21] - Non-GAAP gross margin reached a record 47.5%, driven by a favorable revenue mix and sequential margin expansion in both product and services [22] - Adjusted EBITDA for Q1 2025 was $3.7 million, more than double the prior year quarter, with an adjusted EBITDA margin of 11.6% [23] Business Line Data and Key Metrics Changes - Mobile hotspot revenue grew over 16% year-over-year, while services revenue increased nearly 50% year-over-year, primarily due to the strength of the subscribed SaaS platform [21][22] - The company is focusing on expanding its FWA and MiFi business, with new product plans introduced to diversify its customer base [9][10] Market Data and Key Metrics Changes - The company is targeting large Tier one carriers and multiple system operators (MSOs) to expand its market presence, indicating a shift towards a broader customer base [9][10] - The competitive landscape remains challenging, but the company believes its American-based IP and improved operational efficiency position it well against competitors [39] Company Strategy and Development Direction - The company is transitioning from a hardware-centric model to a full solution provider, focusing on software-defined wireless networking solutions [8][14] - Key strategic initiatives include scaling the FWA and MiFi business and accelerating the software and services roadmap to enhance its solution offerings [8][14] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the business prospects for 2025, expecting sequential revenue growth starting in Q2, particularly in FWA revenue [26] - The company is actively managing its supply chain and operational efficiency to mitigate potential disruptions from the macroeconomic environment [12][39] Other Important Information - The company successfully reduced its total debt to $41 million after paying off $15 million in convertible notes [24] - The leadership team has been strengthened with new talent, including George Mulhern, former CEO of Cradlepoint, to support the company's transformation [17] Q&A Session Summary Question: Concerns about pipeline opportunities slipping into 2026 - Management does not see any movement of the pipeline from their customer base, particularly among large North American carriers [30] Question: Potential revenue upside from the T-Mobile Partner Plus program - The partnership with T-Mobile is expected to create pull on the channel program products through investment subsidies [31] Question: Free cash flow expectations for 2025 - Management targets positive free cash flow for the year, with expectations for improvement in the second half [32] Question: Update on channel strategy and potential large deals - Confidence in closing a large channel deal within the quarter, with ongoing investments in broadening the solution portfolio [35][36] Question: Competitive landscape and geopolitical impacts - The company believes its operational efficiency and American-based IP provide a competitive edge despite geopolitical challenges [39] Question: Long-term gross margin targets and operating expenses - Management has not provided a specific target model yet but anticipates gross margins in the high 30s, depending on the mix of software and product revenue [40][42]