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Inseego Reports Third Quarter 2025 Financial Results
Globenewswireยท 2025-11-06 21:05
Financial Performance - Total revenue for Q3 2025 was $45.9 million, representing a 14% increase sequentially [5] - Adjusted EBITDA for Q3 2025 was $5.8 million, up 22% sequentially [5] - GAAP Net Income for Q3 2025 was $1.4 million [5] - GAAP gross margin for Q3 2025 was 41.6%, marking the third consecutive quarter with gross margin exceeding 40% [5] Business Developments - The company secured a new Tier-1 U.S. carrier customer for both mobile and FWA next-generation products, with shipments expected to begin in late Q4 2025 for FWA and in Q1 2026 for mobile [5] - Expanded FWA deployments with T-Mobile across multiple industries and saw significant traction with the recently launched FX4100 [5] - Launched the FX4200 enterprise FWA solution and updated software suite, Inseego Connect, enhancing the company's offerings for larger enterprises [5] - Key appointments to the leadership team included Donna Johnson as CMO and Vishal Donthireddy as CTO, along with the addition of Nabil Bukhari and Stephen Bye to the Board of Directors [5][2] Strategic Outlook - The company is focused on scaling its cloud-managed wireless broadband solutions to drive sustainable growth and profitability as it approaches the end of 2025 [2] - Upcoming investor events include participation in several conferences in November and a milestone anniversary celebration for being listed on Nasdaq for 25 years [4]