UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-38358 INSEEGO CORP. (Exact name of registrant as specified in its charter) Delaware 81-3377646 (State or Other Jurisdiction of Incorporatio ...

Inseego (INSG) Q2 2025 Earnings Call August 07, 2025 05:00 PM ET Speaker0Hello, and welcome to Inseego Corp's Second 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 questions and answers. On the call today are Yuho Sarbakas, Chief Executive Officer and Stephen Gaetoff, Chief Financial Officer.During this call, certain non GAAP fina ...

Dated as of August 5, 2025 Exhibit 10.1 Execution Version CREDIT AND SECURITY AGREEMENT among INSEEGO CORP. and CERTAIN OF ITS SUBSIDIARIES PARTY HERETO FROM TIME TO TIME AS BORROWERS, each as a Borrower, CERTAIN SUBSIDIARIES OF BORROWERS as Guarantor, and BMO BANK N.A., as Lender CREDIT AND SECURITY AGREEMENT This CREDIT AND SECURITY AGREEMENT (this "Agreement") is entered into as of August 5, 2025, among INSEEGO CORP., a Delaware corporation (the "Company") and certain of its subsidiaries joined hereto as ...

Core Insights - Inseego Corp. has appointed Lawrence Hau as Chief Supply Chain Officer and Zack Kowalski as Senior Vice President of Business Development to enhance its supply chain and channel expansion strategies [1][2][3] Group 1: Leadership Changes - Lawrence Hau will oversee end-to-end procurement and supply chain functions, focusing on improving global supply chain agility and resilience [2][3] - Zack Kowalski will lead business development for non-carrier-direct channels, including value-added resellers, distributors, OEMs, and managed service providers [2][3] Group 2: Strategic Objectives - The addition of seasoned leaders is part of Inseego's transformation strategy to strengthen product innovation, go-to-market capabilities, and supply chain management [2][3] - Exceptional supply chain management is viewed as a strategic competitive advantage for Inseego, especially in navigating evolving industry dynamics [3] Group 3: Leadership Backgrounds - Lawrence Hau brings over 20 years of experience in global procurement operations, previously serving as Chief Procurement Officer at Vantiva and an advisor at Bain & Company [3][4] - Zack Kowalski has over 17 years of experience in building strategic partnerships and business operations, previously transforming Kajeet into a leading IoT service provider [4][5] Group 4: Company Vision - Inseego aims to leverage its investment in the Inseego Connect cloud management platform to create new services and optimize business operations for its customers [5][6] - The company positions itself to capitalize on the shift towards wireless communications, aiming to become a leading provider of wireless broadband solutions worldwide [5][6]

Core Viewpoint - Inseego Corp. will release its financial results for Q2 2025 on August 7, 2025, after market close [1] Financial Results Announcement - The financial statements and earnings press release will be available on Inseego's website and filed on EDGAR [2] - A conference call to discuss the results and business outlook will take place on the same day at 5:00 p.m. Eastern Time [3] Conference Call Details - The conference call can be accessed via a live audio webcast on the company's investor relations section [3] - An audio replay of the conference call will be available starting one hour after the call and will last until August 21, 2025 [4] Company Overview - Inseego Corp. is a leader in 5G mobile and fixed wireless solutions, serving mobile network operators, Fortune 500 enterprises, and SMBs [1][5] - The company offers 5G Edge Cloud solutions that enhance business experiences by connecting distributed sites and securing enterprise data [5]

Core Insights - Inseego Corp. and T-Mobile have launched advanced 5G solutions aimed at enhancing connectivity for business customers across the United States [3][4] - The Inseego Wavemaker™ 5G cellular router FX4100 and Wavemaker™ mesh Wi-Fi X700 are designed to provide high-performance, secure, and resilient fixed wireless access (FWA) connectivity [3][4] Product Features - The Inseego Wavemaker FX4100 supports both 5G Standalone (SA) and Non-Standalone (NSA) modes, as well as 4G LTE Cat 20, ensuring seamless connectivity across various bands [4][5] - Key features of the FX4100 include advanced network slicing capabilities, improved uplink speeds through uplink aggregation, and 5G uplink MIMO technology for enhanced data transmission [5][6] - The Wavemaker X700 mesh system enhances Wi-Fi coverage and reliability, allowing businesses to scale their operations without the complexity of traditional solutions [7][10] Security and Management - The FX4100 incorporates advanced security features such as IPsec VPN, OpenVPN, and WPA2/WPA3 authentication to protect business data [10] - Inseego Connect and the Inseego Mobile App facilitate remote device management, enabling businesses to monitor and optimize network performance from anywhere [10] Market Position - Inseego is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB clients [8]

Financial Data and Key Metrics Changes - The company has undergone significant restructuring, improving its financial position from $170 million in debt and $4 million in cash to a more stable cash generation model, with expectations of generating cash in the second half of the year [61][62] - The recurring revenue model has become more significant and meaningful compared to a few years ago, indicating a shift towards a more stable and predictable revenue stream [16][17] Business Line Data and Key Metrics Changes - The company continues to focus on MiFi and fixed wireless access (FWA), with a notable shift towards enterprise solutions, which are expected to drive growth [6][39] - The company has a concentrated customer base, with 70% of revenue coming from two major customers, indicating a need for diversification [65][66] Market Data and Key Metrics Changes - The U.S. enterprise market for 5G was valued at $1 billion in 2023 and is projected to grow to $12 billion by 2032, highlighting significant market potential for wireless broadband solutions [19][20] - The company is expanding its addressable market by transitioning from small and medium-sized businesses (SMBs) to enterprise customers, which is seen as a rich segment for monetization [21][34] Company Strategy and Development Direction - The company is focusing on software-defined next-generation wireless networking solutions for enterprises, leveraging its historical strengths in wireless technology [6][12] - There is a strategic emphasis on diversifying the customer base and enhancing the product offerings for both MiFi and FWA, with plans to create dedicated products for channel partners [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive durable top-line growth, particularly in the enterprise segment, which is expected to be more resilient to economic fluctuations [18][37] - The management team is optimistic about the upcoming product launches and the potential for significant market expansion in the next few years [30][34] Other Important Information - The company has invested in inventory ramp-up, which is expected to impact cash flow in the short term but is seen as a non-issue for long-term growth [28][62] - The company has established a strong engineering and management team with extensive experience in the carrier and OEM sectors, which is expected to enhance its market positioning [59][60] Q&A Session Summary Question: What does the hardware mix look like and how is it evolving? - Currently, 70% of revenue comes from two customers, with a focus on expanding partnerships and product offerings for both FWA and MiFi [65][66] Question: How does the company view its competitive position regarding tariffs? - The company has established manufacturing in Taiwan and Vietnam, allowing for flexibility in response to potential tariff changes, and does not expect significant impact on unit profitability [23][29] Question: Can you elaborate on the company's SaaS solutions? - The company offers Inseego Connect for device management and Inseego Subscribe for subscriber management, both of which are seen as critical for enterprise customers [41][46]

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

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]

Core Insights - Inseego Corp. has appointed two industry leaders to its Carrier Sales team to enhance its market position and accelerate growth in the 5G mobile broadband and fixed wireless access sectors [1][2][4] Group 1: Leadership Appointments - The new Vice Presidents bring decades of experience and extensive relationships within the 5G ecosystem, which will be crucial for expanding strategic partnerships [2][4] - The appointments are expected to align Inseego's solution portfolio with the evolving needs of carrier partners, reinforcing its status as a preferred partner for mobile network operators [4] Group 2: Company Overview - Inseego is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB clients across its 4G, 5G, and cloud platforms [5] - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications, aimed at enhancing business outcomes and operational visibility [5] Group 3: Executive Backgrounds - Jim Berridge has a strong background in telecommunications, known for aligning sales strategies with business objectives and driving sales growth through advanced wireless technologies [6] - Steve Linke, with over 25 years in the telecommunications industry, has a proven track record in revenue and sales growth within enterprise markets, having held senior roles at major companies [6]