Financial Performance - Q1 2025 revenue was $31.7 million, a decrease from $37.5 million in Q1 2024[1][4] - Adjusted EBITDA for Q1 2025 was $3.7 million, up $2.2 million year-over-year[1][4] - GAAP gross margin for Q1 2025 was 47.3%, an increase of 12.0% compared to the previous year[1][4] - GAAP net loss for Q1 2025 was $1.6 million, compared to a net loss of $4.5 million in Q1 2024[1][4][20] - The company achieved its ninth consecutive quarter of positive adjusted EBITDA[1][2] - GAAP gross profit for Q1 2025 was $14.98 million, compared to $13.24 million in Q1 2024[20] - Net income loss for Q1 2025 was $1,570 million, an improvement compared to a loss of $4,455 million in Q1 2024, indicating a reduction in losses by approximately 64.7%[24] - Adjusted EBITDA from continuing operations for Q1 2025 was $3,659 million, down from $5,408 million in Q4 2024, reflecting a decrease of about 32.4%[27] Cash Flow and Assets - Cash and cash equivalents decreased from $39,596 million at the beginning of the period to $35,149 million at the end of Q1 2025, a decline of approximately 11.5%[24] - Total assets decreased from $99,999 million as of December 31, 2024, to $92,996 million as of March 31, 2025, representing a decline of approximately 7.1%[22] - Total current liabilities decreased from $63,471 million as of December 31, 2024, to $59,063 million as of March 31, 2025, a reduction of about 7.0%[22] - Total liabilities decreased from $112,857 million as of December 31, 2024, to $105,991 million as of March 31, 2025, a decline of about 6.6%[22] - Operating cash flows from continuing operations for Q1 2025 were negative at $(3,467) million, compared to positive cash flows of $3,942 million in Q1 2024[24] Inventory and Expenses - Inventories increased from $13,575 million as of December 31, 2024, to $15,113 million as of March 31, 2025, representing an increase of approximately 11.4%[22] - The company reported a provision for excess and obsolete inventory of $680 million in Q1 2025, compared to $128 million in Q1 2024, indicating a significant increase in inventory write-downs[24] - Share-based compensation expense increased from $688 million in Q1 2024 to $1,601 million in Q1 2025, an increase of approximately 133.0%[24] Strategic Initiatives - Inseego launched the Next-Generation Fixed Wireless Access outdoor CPE FW3000 and the Inseego Wavemaker 5G cellular router FX3110[4] - The company appointed Juho Sarvikas as CEO, focusing on durable growth and long-term stockholder value[2][4] Future Guidance - Q2 2025 financial guidance projects revenue between $37.0 million and $40.0 million, with adjusted EBITDA between $2.5 million and $3.5 million[8] - The company fully repaid $15 million of convertible debt on May 1, 2025, enhancing its capital structure[2]

Core Insights - Inseego Corp. reported Q1 2025 revenue of $31.7 million, with a positive Adjusted EBITDA of $3.7 million, marking the ninth consecutive quarter of positive Adjusted EBITDA, while experiencing a GAAP net loss of $1.6 million [1][6]. Financial Highlights - Revenue for Q1 2025 was $31.7 million, down from $37.5 million in Q1 2024 [6][21]. - Adjusted EBITDA for Q1 2025 was $3.7 million, an increase of $2.2 million year-over-year [6][29]. - GAAP gross margin for Q1 2025 was 47.3%, up 12.0% year-over-year [6][21]. - The company reported a net loss of $1.6 million for Q1 2025, compared to a net loss of $4.5 million in Q1 2024 [21][27]. Business Developments - Juho Sarvikas was appointed as the new CEO, focusing on driving durable growth and long-term stockholder value [2][6]. - The company launched several new products, including the Next-Generation Fixed Wireless Access outdoor CPE FW3000 and the Inseego Wavemaker 5G cellular router FX3110 [6][8]. - Inseego joined T-Mobile's Partner Plus Channel Subsidy Program to enhance accessibility and affordability of 5G technology for businesses [6][8]. Guidance and Future Outlook - For Q2 2025, Inseego expects revenue in the range of $37.0 million to $40.0 million and Adjusted EBITDA between $2.5 million and $3.5 million [6][4]. - The company remains focused on optimizing its capital structure, having fully repaid $15 million of convertible debt [2][6].

Core Insights - Inseego Corp. has appointed George Mulhern, a wireless technology executive, to its Board of Directors, enhancing its leadership with his extensive experience in the wireless sector [1][2][3] - Mulhern's previous role as Chairman and CEO of Cradlepoint saw him lead a transformation that increased revenue by approximately 20 times, culminating in a successful acquisition by Ericsson [1][2] - The board size has increased from five to six members with Mulhern classified as an independent director, indicating a strategic move to strengthen governance [3] Company Overview - Inseego Corp. is a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB customers across its 4G, 5G, and cloud platforms [4] - 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 [4]

Core Viewpoint - Inseego Corp. has successfully completed a significant milestone in its capital structure management by paying off approximately $15 million in convertible notes due 2025, which contributes to a substantial reduction in the company's overall debt [1][2]. Debt Management - The pay-off of the 2025 Convertible Notes marks a key initiative to materially reduce the company's debt, with total debt reduced by over $100 million, or approximately 75%, over the past 12 months [2]. - Following the pay-off, Inseego has approximately $40.9 million in outstanding debt from its new senior 9.0% secured notes due in 2029 [1]. Financial Guidance - The company has confirmed that there is no change to its financial guidance for the first quarter of 2025, which ended on March 31, 2025, and will report its financial results on May 8, 2025 [2]. Company Overview - Inseego Corp. is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB customers with its 4G, 5G, and cloud platforms [3]. - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications, enhancing business operations and securing enterprise data [3].

Core Insights - Inseego Corp. has achieved the "Verizon Frontline-Verified" designation for four of its products, highlighting their reliability and performance for public safety networks [1][3] - The certification ensures that Inseego's solutions provide essential connectivity for first responders, enhancing their operational efficiency during emergencies [1][4] Group 1: Product Certification and Features - The Verizon Frontline-Verified program aims to support first responders by providing rigorously tested communication products that meet strict performance and safety standards [3] - Inseego's certified devices ensure secure and reliable communication during emergencies, with FIPS140-2 certification guaranteeing data security [3][4] Group 2: Company Positioning and Commitment - Inseego reinforces its leadership in providing advanced connectivity solutions tailored for first responders and mission-critical operations [4] - The company emphasizes its commitment to delivering best-in-class, secure, and reliable solutions for public safety professionals [3] Group 3: Company Overview - Inseego Corp. is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB clients [5] - The company's 5G Edge Cloud integrates top-tier 5G technology with cloud networking features, enhancing business outcomes through intelligent operational visibility [5]

Inseego delivers the resilient and high-performance solutions today’s first responders need to keep the public safeSAN DIEGO, April 22, 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 that four of its industry-leading products have earned the "Verizon Frontline-Verified" designation. This recognition demonstrates that Inseego’s solutions provide the reliability and perfo ...

Core Viewpoint - Inseego Corp. will release its financial results for Q1 2025 on May 8, 2025, after market close, highlighting its ongoing commitment to transparency and investor communication [1][2]. Financial Results Announcement - The financial results 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 dedicated phone line or through a live audio webcast on the company's investor relations page [3]. - An audio replay of the conference call will be available for two weeks following the event [4]. Company Overview - Inseego Corp. is a leader in 5G mobile and fixed wireless solutions, serving mobile network operators, Fortune 500 companies, and SMBs [1][5]. - The company offers a 5G Edge Cloud that integrates advanced 5G technology with cloud networking features and intelligent edge applications [5].

Core Insights - Inseego Corp. has appointed Ryan Sullivan as Senior Vice President of Carrier Product Management to enhance its carrier-focused product innovation and strengthen market position [1][3] Company Overview - Inseego Corp. is a leader in wireless broadband, 5G mobile, and fixed wireless access (FWA) solutions, with a significant customer base including millions of end customers and thousands of enterprise and SMB customers [4] Leadership Appointment - Ryan Sullivan brings over two decades of experience in wireless and telecommunications, previously leading Product Engineering and Development for T-Mobile, where he managed global product roadmaps for connected devices [2][3] - His expertise in aligning product innovation with carrier requirements is expected to enhance Inseego's relationships with service providers and drive growth through tailored solutions [2][3] Strategic Focus - Sullivan's leadership will focus on advancing Inseego's carrier-specific portfolio to meet evolving service provider needs, particularly as the company deploys 5G-Advanced products and innovates towards the 6G era [6] - The strategic alignment of product roadmaps will address emerging market trends and carrier network advancements, positioning Inseego as a preferred partner for mobile network operators and enterprise channel partners [6] Innovation and Technology - Inseego is committed to integrating Artificial Intelligence (AI) capabilities into its mobile broadband and enterprise FWA solutions to transform wireless traffic prioritization [6]

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]

SAN DIEGO, March 10, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (“Inseego” or the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, will participate in the 37th Annual Roth Conference, taking place March 16-18, 2025, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California. Inseego Chief Executive Officer Juho Sarvikas and Chief Financial Officer Steven Gatoff will take part in a fireside chat mod ...