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Inseego Continues the Strategic Transformation of Its Business With Two Key Hires
Globenewswire· 2025-08-04 20:05
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]
Inseego Corp. to Report Second Quarter 2025 Financial Results on August 7, 2025
Globenewswire· 2025-07-17 20:10
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]
Inseego to Participate in TD Cowen and Stifel Investor Conferences
Globenewswire· 2025-05-14 20:05
Core Viewpoint - Inseego Corp. is positioning itself as a leader in the wireless broadband market, particularly in 5G solutions, and is focusing on its strategic transformation into an enterprise solutions provider [1][2]. Group 1: Company Strategy and Growth - Inseego management will discuss the company's strategic transformation and long-term growth trajectory at upcoming investor conferences [2]. - The company is evolving into an enterprise solutions provider by combining wireless hardware with cloud-managed software and services [2]. - Key growth drivers include deepening engagements with Tier 1 carriers and MSOs, as well as expanding its Fixed Wireless Access (FWA) and MiFi portfolios [2]. Group 2: Financial Position and Market Demand - Inseego is backed by strong gross margins and a streamlined capital structure, positioning it to scale profitably [2]. - The company aims to capitalize on the growing demand for high-performance, software-defined wireless connectivity [2]. Group 3: Company Overview - Inseego Corp. is recognized as the industry leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB customers [3]. - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications [3]. - Inseego enhances business outcomes by connecting distributed sites and workforces while securing enterprise data over a 5G network [3].
Seasoned Wireless Industry Leader George Mulhern Joins Inseego's Board of Directors
GlobeNewswire News Room· 2025-05-05 20:10
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]
Inseego Repays $15 million in Remaining Convertible Notes due 2025
Globenewswire· 2025-05-01 20:05
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].
Inseego Corp. to Report First Quarter 2025 Financial Results on May 8, 2025
Globenewswire· 2025-04-17 20:05
SAN DIEGO, April 17, 2025 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today announced that the company will release its financial results for the first quarter of 2025, ended March 31, 2025, after the financial markets close on May 8, 2025. The financial statements and earnings press release will be made available at www.inseego.com and will be filed under Inseego’s profile on ...