Inseego Corp Stock Price, News & Analysis

Inseego Corp. (NASDAQ: INSG) lauds the U.S. government's Infrastructure Investment and Jobs Act for enabling funding aimed at accelerating high-speed broadband deployment. CEO Dan Mondor emphasized collaboration with the National Telecommunications and Information Administration to develop effective programs, with a focus on utilizing 5G technology. Inseego aims to enhance broadband access in underserved areas and support critical infrastructures, including smart cities and defense applications.

Inseego Corp. (NASDAQ: INSG) has appointed Ritesh Mukherjee as the Senior Vice President and General Manager of its Enterprise Networking Business. This strategic appointment aims to propel the company's cloud-managed 5G WAN edge solutions into enterprise markets, enhancing network orchestration and return on investment (ROI). Mukherjee brings extensive experience from previous roles at Reliance Jio and Cisco, focusing on innovative enterprise solutions. Inseego continues to lead in 5G device-to-cloud solutions, promising broad coverage and reliable connectivity.

Inseego Corp. (Nasdaq: INSG) reported a strong third quarter with net revenue of $66.2 million, a 0.8% sequential increase, highlighting a remarkable 260% year-over-year growth in 5G revenue and a 25% increase in cloud software revenue. Despite a GAAP operating loss of $10.0 million and a net loss of $0.09 per share, the company reported a robust pipeline in enterprise markets and an optimistic outlook, projecting 25% revenue growth for 2022. Cash and cash equivalents stood at $61.6 million.

Inseego Corp. (Nasdaq: INSG) announced the launch of its Wavemaker™ 5G indoor router FX2000 on November 5, targeting T-Mobile for Business customers. This router supports dual-band Wi-Fi 6, connecting up to 30 devices, providing efficiency for enterprise and small businesses. It features easy setup, peak 5G speeds exceeding 1 Gbps, and is designed for remote work, making it a favorable choice in both urban and rural areas. The FX2000 aims to bridge the digital divide, especially in education, offering fast and secure access for students and professionals.

Inseego Corp. (Nasdaq: INSG) has announced its participation in upcoming investor conferences, including the Stifel 2021 Virtual Midwest One-on-One Growth Conference on November 11, 2021 and the ROTH 10th Annual Technology & Inaugural AgTech Answers Virtual Event on November 17, 2021.

Key executives will host one-on-one virtual meetings with investors. These conferences are by invitation only. For further details or to schedule meetings, contact investor relations via email.

Inseego Corp. (NASDAQ: INSG) has launched the Wavemaker PRO FW2000e 5G/LTE outdoor gateway, enhancing broadband access across Australia, particularly in rural regions. The FW2000e boasts high-gain antennas supporting fixed wireless access up to 17 kilometers from a cell tower and offering gigabit-plus speeds. This innovative solution, deployed on Telstra's network, addresses the longstanding 'last-mile' broadband challenge. With a user-friendly mobile app and high durability, the FW2000e is poised to benefit various sectors, including mining, agriculture, and remote work.

Inseego Corp. (NASDAQ: INSG) has appointed Robert G. Barbieri as the permanent Chief Financial Officer, effective October 25, 2021. Barbieri, who has served as interim CFO since April 2021, brings over 30 years of experience in senior financial roles across various technology and healthcare companies. The company also awarded him 375,000 stock options, set to vest over a four-year period. This appointment aims to strengthen Inseego's execution of its corporate strategy as it continues to deliver innovative 5G and IoT solutions.

Inseego Corp. (Nasdaq: INSG) will announce its financial results for Q3 2021 after the market closes on November 3, 2021. A conference call will be held at 5:00 p.m. ET the same day, featuring a Q&A session for analysts and investors. Access to listen live will be through the company's Investors section, with an archived version available for two weeks following the event. Inseego specializes in 5G and IoT solutions, enhancing connectivity across various environments.

Inseego Corp (NASDAQ: INSG) announced the launch of its 5G MiFi M2000 mobile hotspot through Optus Enterprise, a major Australian telecom provider. This strategic partnership marks Inseego's first commercial 5G offering in Australia, enabling high-speed internet access for business users. The MiFi M2000 features Wi-Fi 6 technology for increased speeds, multiple layers of security, and the ability to connect up to 30 devices. This launch aims to enhance flexible working solutions for enterprise customers, catering to the growing demand for secure and reliable mobile connectivity.