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 March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Registrant's telephone number, including area code: (858) 812-3400 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol( ...

Financial Data and Key Metrics Changes - In Q1 2023, the company reported revenue of $50.8 million, a decrease of 17% year-over-year, primarily due to lower sales of legacy hotspot products [16] - Adjusted EBITDA reached $4.1 million, marking the highest in recent company history, driven by a better mix of FWA and software solutions [33] - Consolidated gross margin improved to 36.1%, up 580 basis points sequentially and 810 basis points year-over-year [17] Business Line Data and Key Metrics Changes - FWA and cloud software business accounted for 53% of total revenue, growing 35% compared to the prior year [16] - Revenue from IoT & Mobile Solutions was $43.6 million, down 20% from the same period last year, while Enterprise SaaS solution revenue was $7.2 million, up 10% sequentially and 5% year-over-year [37] - Gross margin for the IoT and mobile business was 33.4%, up from 28% in the prior quarter and 24% in the prior year [38] Market Data and Key Metrics Changes - The demand for FWA services is increasing, with carrier customers experiencing growth faster than traditional smartphone subscriptions [10] - The company is seeing customer use cases across various industries, including retail, hospitality, and government, indicating a broad market appeal for FWA solutions [14] Company Strategy and Development Direction - The company is focused on transitioning to a higher-margin enterprise-focused model, with a disciplined approach to maintaining operating expenses [35] - The strategy includes capturing a significant share of the growing 5G market, with an emphasis on delivering high-quality products that meet customer needs [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong backlog of orders for FWA in Q2, indicating a stronger start compared to previous quarters [23] - The company aims to achieve and grow positive free cash flow on a sustained basis, with expectations of mid-30s gross margins becoming the new normal [13][35] Other Important Information - Cash, cash equivalents, and restricted cash at the end of Q1 were $8.7 million, an increase from $7.1 million in the prior quarter [19] - Cost reduction efforts resulted in annual savings exceeding $30 million, contributing to improved profitability [5] Q&A Session Summary Question: Has the good performance in Q1 spilled over into April? - Management confirmed a strong backlog of orders for FWA in Q2, indicating a stronger start than previous quarters [23] Question: Will future quarters be stronger than Q1? - Management noted that while there is strength moving into Q2, variability may occur based on product mix and customer deployments [24] Question: Any updates on extending the maturity of the EBL? - Management discussed past actions taken regarding inventory and lead times, indicating ongoing internal conversations about the EBL [25] Question: What is the competitive landscape like? - Management stated that the ecosystem for FWA solutions is difficult to enter, with significant barriers to entry, and expressed confidence in their competitive position [29]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For fiscal year ended December 31, 2022 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. Delaware 81-3377646 (State or Other Jurisdiction of Incorporation or Organization) 9710 Scranton Road, Suite 200 San Diego, Calif ...

Financial Data and Key Metrics Changes - Q4 revenue was $52.9 million, down 27% from the prior year, primarily due to lower sales of legacy hotspot products [36] - Non-GAAP net loss for Q4 was $11.8 million or $0.11 per share, consistent with the prior quarter and a loss of $0.08 per share in the year-ago quarter [38] - Consolidated gross margin improved to 30.3%, up 390 basis points from Q3 and 490 basis points from Q4 last year [61] Business Line Data and Key Metrics Changes - The FWA business now accounts for 30% of total revenue, growing 122% year-over-year [36][26] - Enterprise SaaS solutions revenue was $6.6 million, relatively flat both sequentially and year-over-year [22] - The hotspot business represented approximately 6% of overall revenue, down from 38% a year ago [72] Market Data and Key Metrics Changes - The company has exited several international markets where 5G service offerings have not developed quickly enough, such as Japan [14][7] - The enterprise FWA market is gradually evolving, with significant interest from large enterprise customers [13][19] Company Strategy and Development Direction - The company is focused on transforming into an enterprise fixed wireless access company, with a strong emphasis on cost reduction and efficiency [26][28] - Management is prioritizing high-margin enterprise opportunities and reducing reliance on lower-margin hotspot products [29][31] - The company expects to reach cash flow positive by Q2 2023, driven by growth in high-margin enterprise business and cost actions [30][40] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the enterprise FWA market is still in its early stages but is seeing positive signs of growth and customer adoption [71][59] - The company anticipates seasonal trends in revenue, with a slight decline expected from Q4 to Q1 before ramping up in the latter half of the year [41][42] - Management remains cautious about the pace of transition from 4G to 5G products among carrier partners [66] Other Important Information - The company has eliminated approximately $32 million in annualized cash spend from its cost structure as it enters 2023 [15] - Cash, cash equivalents, and restricted cash at the end of Q4 were $7.1 million, impacted by year-end payroll and one-time expenses [64] Q&A Session Summary Question: What is the visibility on carriers becoming more aggressive in pushing 5G fixed wireless access? - Management noted that there has been progress in coverage from all three carriers, and large enterprise customers are expanding their pilot programs [45] Question: What does normalized OpEx look like going forward? - Management indicated that Q4 OpEx was below $22 million and expects it to be around $17 million by Q2, with significant cost reductions implemented [48][73] Question: Can you provide commentary on backlog and order trends? - Management stated that the health of the pipeline for FWA business is strong, with variability in the business due to the transition from 4G to 5G [52] Question: What is the expected growth for the FWA business in the next 12 to 18 months? - Management anticipates that FWA could represent 60% to 70% of revenue in the next 12 to 18 months, with growth across various verticals [91]

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 September 30, 2022 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 Incorpo ...

Financial Data and Key Metrics Changes - Revenue for Q3 2022 was $69.2 million, reflecting a 9% increase year-over-year and a 12% increase sequentially [24] - Adjusted EBITDA loss was $2.5 million, which was lower than anticipated due to higher supply chain costs and a non-cash adjustment to R&D expenses [9][29] - Gross margin decreased to 26.3% from 29.5% in Q2 and 28.2% in Q3 of the previous year [26] Business Line Data and Key Metrics Changes - 5G revenue increased by 22% year-over-year, now comprising 49% of total revenue [10] - Software solutions represented 21% of total revenue in Q3 [10] - IoT & Mobile Solutions revenue was $62.6 million, up 10.1% from the same period last year, driven by the MiFi X Pro launch [25] Market Data and Key Metrics Changes - The enterprise Fixed Wireless Access (FWA) business accounted for over 13% of revenue, with a strong margin profile exceeding 40% [11][27] - The company sold 5G products to over 600 enterprises this year, with the enterprise customer base exceeding 1,000 [12] Company Strategy and Development Direction - The company is transitioning from a hotspot manufacturer to a provider of comprehensive connectivity solutions, focusing on enterprise markets [6] - Significant investments have been made in product development and go-to-market initiatives to position the company as a leader in 5G FWA solutions [14] - The company aims to approach cash flow breakeven by year-end, driven by enterprise FWA growth and cost management [11][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in approaching cash flow breakeven by year-end, citing strong enterprise FWA growth and cost reductions [21][32] - The company does not foresee significant headwinds affecting margins in the upcoming quarter [47] - Management noted that 5G is seen as essential for enterprises, with no slowdown in demand despite macroeconomic concerns [60] Other Important Information - Cash, cash equivalents, and restricted cash at the end of Q3 were $18.1 million, with expectations for lower cash usage moving forward [30][31] - The company has taken out approximately $20 million in costs year-to-date and plans to continue managing expenses tightly [15][50] Q&A Session Summary Question: Breakdown of IoT services revenue increase - Management indicated that the revenue increase was driven by the new hotspot launch with Telstra and growth in enterprise FWA revenue [39] Question: Changes in unit pricing and revenue components - Management clarified that the increase in revenue was primarily due to unit sales rather than pricing changes, with a focus on higher-margin enterprise FWA business [40][41] Question: Visibility on gross margin and potential one-time costs - Management expressed confidence in improved margins for the next quarter, stating that they do not expect similar headwinds to recur [47] Question: Minimum cash balance and convertible note maturity - Management discussed their confidence in cash management and the ability to operate without relying heavily on the revolver [50][52] Question: International revenue percentage and enterprise buyer hesitancy - Management noted that international revenue was over 10% this quarter, primarily due to the Telstra launch, and reported no slowdown in enterprise demand for 5G [58][60]

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, 2022 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 Corp. (NASDAQ:INSG) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Ashish Sharma - Chief Executive Officer Bob Barbieri - Chief Financial Officer Conference Call Participants Tore Svanberg - Stifel Scott Searles - ROTH Capital Mike Walkley - Canaccord Genuity Aditya Dagaonkar - Northland Capital Markets Operator Hello, and welcome to Inseego Corp's Second Quarter 2022 Financial Results Conference Call. Please note today's event is being recorded. All participants tod ...

Inseego Corp. (NASDAQ:INSG) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Corporate Participants Ashish Sharma - Chief Executive Officer Bob Barbieri - Chief Financial Officer Conference Call Participants Lance Vitanza - Cowen and Company Operator Hello, and welcome to Inseego Corp's First Quarter 2022 Financial Results Conference Call. Please note today's event is being recorded. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2022 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 Incorporation or Organization) Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...