点击注册小程序 报告摘要 美格智能坚持无线通信模组+物联网解决方案双轮驱动的产品策略 公司以智能模组、高算力模组和智能座舱、FWA、IoT等为代表的垂直行业定制化解决方案打造差异化和具备 创新力的核心竞争优势。公司在智能模组及解决方案领域具备丰富的产品开发和行业应用\工程化经验，在高 算力模组及生成式AI应用领域持续投入，并持续向具身智能机器人、消费类物联网、智能无人机等行业深度 拓展，打开公司广阔成长空间。公司针对各类对PU\GPU\NPU算力有强需求的专用场景开发的模组产品，可提 供0.2T到48T的异构算力，可以支持大模型在端侧部署和运行，并可根据场景需求，灵活匹配 5G\WIFI\千兆以 太网等各类通信方式。 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 公司坚持研发驱动，锚定市场和客户需 ...

2025 年 7 月 3 日 公司研究 双轮驱动，成长空间广阔 ——美格智能（002881.SZ）跟踪报告之六 要点 美格智能坚持无线通信模组 +物联网解决方案双轮驱动的产品策略。公司以智能 模组、高算力模组和智能座舱、FWA、IoT 等为代表的垂直行业定制化解决方案 打造差异化和具备创新力的核心竞争优势。公司在智能模组及解决方案领域具备 丰富的产品开发和行业应用\工程化经验，在高算力模组及生成式 AI 应用领域持 续投入，并持续向具身智能机器人、消费类物联网、智能无人机等行业深度拓展， 打开公司广阔成长空间。公司针对各类对 PU\GPU\NPU 算力有强需求的专用场 景开发的模组产品，可提供 0.2T 到 48T 的异构算力，可以支持大模型在端侧部 署和运行，并可根据场景需求，灵活匹配 5G\WIFI\千兆以太网等各类通信方式。 公司坚持研发驱动，锚定市场和客户需求。2024 年公司研发投入金额为 2.56 亿 元，占营收比例为 8.69%。公司保持高强度研发投入力度，不断强化产品和技 术竞争力。在技术和产品方面，重点在高算力模组行业应用、4G/5G 智能座舱 模组、车规级 5G+V2X 模组、车规级座舱计 ...

The telecom company Verizon Communications (VZ -0.24%) enjoyed a solid first half of 2025, with its stock up nearly 9%, soundly beating the broader benchmark S&P 500 index, which is up 1%. It's been a difficult last five years for the stock, as the company tries to rejuvenate growth and forge a path ahead. In 2025, management is guiding for continued growth in wireless service revenue; an increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and higher growth in post ...

Financial Data and Key Metrics Changes - The competitive intensity in the market has increased, with gross adds showing double-digit growth on the postpaid phone side [6][10] - The company has seen a slight increase in churn due to price hikes and competitive pressures, but expects to return to a business-as-usual (BAU) posture in the second half of the year [54][74] Business Line Data and Key Metrics Changes - The broadband and mobility businesses are identified as the two engines of growth, with a clear path to becoming the number one converged player in America [10][14] - The company aims to cover 40 million homes with fiber and continues to see strong momentum in its Fixed Wireless Access (FWA) product, targeting 8 to 9 million subscribers [13][24] Market Data and Key Metrics Changes - The switcher pool has increased, with both port-ins and port-outs rising, indicating a competitive environment [6][10] - The company has a strong position in the prepaid market, having gained market share over the last three quarters [37][38] Company Strategy and Development Direction - The company aims to be the number one converged player in America, focusing on both mobility and broadband [10][14] - The strategy includes leveraging AI for operational efficiencies and enhancing customer care, which is seen as a potential differentiator in the market [106][109] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the competitive landscape but believes the company's value proposition resonates well with customers [7][10] - The company expects to see continued growth in gross adds and a reduction in churn as it implements its strategies [54][74] Other Important Information - The company has committed to a million-plus new fiber offerings post-acquisition of Frontier, with a focus on reducing build costs through automation and AI [21][23] - Adjacent products and perks are becoming a significant part of the business, with a projected $2 billion run rate and mid-30% margins [78][81] Q&A Session Summary Question: What are the expectations for gross adds in the second half of the year? - Management expects gross add momentum to continue due to a strong value proposition and improved sales execution [56][61] Question: How does the company view the competitive landscape and its impact on ARPU? - The company does not aggressively pursue pre-to-post migration but focuses on serving customers well in the prepaid space, maintaining a premium mix [63][64] Question: What is the strategy for reducing churn? - A strong value proposition, cross-selling opportunities, and loyalty programs are key strategies for reducing churn [69][72] Question: How does the company leverage AI in its operations? - AI is used to enhance customer care, improve operational efficiencies, and provide personalized experiences [106][109]

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]

Inseego (INSG) FY 2025 Conference May 28, 2025 10:50 AM ET Speaker0 Everyone for joining us. I'm Lance Vitanza, senior tech analyst at TD Cowen. I'm delighted to have the Inseego team with us here. It's Yuho Sarvakas and Steven Gaitoff. Yuho, of course, the CEO, Steven the CFO, and the general manager of Inseego Subscribe, which I want to get into at some point as well. Fair enough. But let's start actually maybe just with a little bit of Inseego one hundred one and talk a little bit about where the company ...

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 - Nokia has been selected by Three Sweden to provide Fixed Wireless Access (FWA) technology, enhancing broadband connectivity for B2B customers across Sweden [1][2] - This partnership aims to deliver high-capacity broadband to underserved areas, particularly where fiber networks are not available or economically feasible [1][2][5] Group 1: Company Collaboration - The collaboration introduces Nokia as a trusted Western vendor in the competitive Swedish FWA market, strengthening its market position [2][4] - Three Sweden aims to provide reliable, high-speed internet access, enabling users to stream, work, and connect more efficiently [2][3] Group 2: Technology and Performance - Nokia's FastMile 5G Gateway 2 will facilitate easier access to high-performance broadband, particularly in hard-to-reach areas [2][9] - The project reflects a shared ambition between Nokia and Three Sweden to deliver dependable broadband experiences using mobile networks [4][5] Group 3: Market Impact - This initiative reinforces Nokia's commitment to addressing the digital divide in Europe by providing high-performance connectivity to more users [5] - The partnership is expected to enhance Nokia's local market presence in the Fixed Wireless Access sector [9]

5G carrier experts joining to accelerate growth and innovation and further strengthen Inseego’s market position with Tier-1 carrier partnersSAN DIEGO, May 20, 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 the appointment of two highly respected industry leaders to its Carrier Sales team. These strategic additions will play a critical role in advancing Inseego’s leadersh ...

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].