Inseego Reports First Quarter 2025 Financial Results

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].