Inseego Corp Stock Price, News & Analysis

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 Access to listen live will be through the company's Investors section, with an archived version available for two weeks following the event.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.

Inseego Corp (Nasdaq: INSG) has announced the launch of its 5G MiFi® M2000 mobile hotspot in partnership with Sunrise UPC, enhancing connectivity for their customers across Switzerland. This device supports 5G and advanced 4G LTE, allowing reliable internet access for up to 30 devices simultaneously. The hotspot delivers gigabit-plus data speeds and is designed for various applications, including tourism and healthcare. Inseego's innovative solutions continue to meet the growing demand for high-performance 5G products, reaffirming their leadership in smart device-to-cloud solutions.

Inseego Corp. (Nasdaq: INSG) has launched its MiFi® 8000 4G LTE mobile hotspot, now available through UScellular stores and online. This device supports up to 15 Wi-Fi-enabled devices, featuring enterprise-grade security, long battery life, and rapid charging capabilities. The MiFi 8000 is praised for its superior performance and has received multiple awards, making it suitable for remote work and field operations. Inseego continues to lead in smart device-to-cloud solutions, emphasizing 5G connectivity and robust internet access.

Inseego Corp. (Nasdaq: INSG) reported a strong Q2 2021 with net revenue of $65.7 million, a 14.1% sequential increase. The company faced a GAAP operating loss of $10.5 million and a net loss of $13.9 million, translating to a loss of $0.14 per share. Notably, 5G revenue surged 182% year-over-year, while cloud software revenue rose 49%. The company ended the quarter with $40.4 million in cash. Despite losses, Inseego's transformation into a 5G solutions provider is driving optimism for a stronger second half of the year.

Inseego Corp. (Nasdaq: INSG) has successfully sold its South African Ctrack telematics and asset tracking business to Convergence Partners for 528.9 million ZAR (approximately $36.6 million USD) in an all-cash deal. This divestiture aims to strengthen Inseego's cash position and refocus its efforts solely on the global 5G market. The company retains telematics operations in key markets like Europe and Australia, aligning with its 5G strategy. Inseego is committed to enhancing its 5G solutions and maintaining leadership in device-to-cloud offerings.

Inseego Corp. (NASDAQ: INSG) has launched the Wavemaker PRO 2000e industrial gateway, which incorporates advanced 5G and 4G LTE capabilities for enhanced throughput and reliability. Designed for industrial IoT and enterprise networks, it boasts features like dual SIMs for failover connectivity, advanced security, and a range of deployment options. The S2000e supports various applications, from manufacturing to remote surveillance, and is aimed at ensuring 24/7 business continuity. The product is now available for commercial use and is certified for key private networks.

Inseego Corp. (NASDAQ: INSG) announced that its chairman and CEO, Dan Mondor, will present at the 41st Annual Canaccord Genuity Virtual Growth Conference on August 12 at 11:30 a.m. Eastern. The company will also facilitate virtual one-on-one investor meetings by appointment only throughout the day. A live webcast of the presentation will be available on the investor relations site, with a replay accessible for 90 days post-event. Registration for the conference is mandatory, and further details can be obtained by contacting Canaccord Genuity representatives or Inseego's investor relations.

Inseego Corp. (Nasdaq: INSG) will announce its financial results for the quarter ending June 30, 2021, after the market closes on August 4, 2021. A conference call will follow at 5:00 p.m. ET, featuring a Q&A session for analysts and investors. The call can be accessed via a live audio webcast on their website, and an archive will be available for two weeks. Inseego is recognized for its innovative 5G solutions that enhance connectivity in various environments, utilizing advanced technologies like 5G and Wi-Fi 6.