Inseego Corp Stock Price, News & Analysis

Inseego Corp. (Nasdaq: INSG) has partnered with ScanSource, Inc. (Nasdaq: SCSC) to enhance its 5G portfolio sales across various enterprise markets. ScanSource will act as a technology services distributor for Inseego's Wavemaker PRO 5G fixed wireless series, enabling customers to place orders for the commercial units now shipped. This collaboration aims to provide high-performance 5G connectivity solutions across sectors like healthcare and retail, facilitating operational efficiency and new revenue opportunities for partners.

Inseego Corp. (Nasdaq: INSG) plans to release its financial results for Q1 2021 on May 5, 2021, after market close. Following the release, a conference call will be held at 5:00 p.m. ET, featuring a Q&A session with analysts. Investors can access the call via a live audio webcast on Inseego's website, which will be archived for two weeks. Additionally, a replay will be available starting one hour after the call until May 19, 2021. Inseego specializes in 5G and IoT solutions, providing reliable connectivity for various industries.

Inseego Corp. (Nasdaq: INSG) announced the availability of its MiFi® 8000 4G LTE mobile hotspot through a major Canadian mobile network operator. The MiFi 8000 is recognized as a leading device in mobile broadband, offering secure connectivity for enterprise and consumer markets. Key features include high LTE speeds, enterprise-grade security, long battery life, and file-sharing capabilities. This development highlights Inseego's strategy to expand its product offerings with existing and new carrier partners.

Inseego Corp. (Nasdaq: INSG) announced the certification of its Wavemaker PRO 5G outdoor CPE FW2000e for deployment in Europe and the U.S., supporting FCC Band 48 and C-band spectrum. This outdoor customer premise equipment enables high-speed 5G/LTE connectivity for enterprises, SMBs, and residential users. The FW2000e's advanced antennas enhance coverage, while Inseego Connect™ software allows for easy management across networks. With significant implications for underserved areas, this solution could bridge the digital divide and cater to various enterprise applications.

Inseego Corp. (Nasdaq: INSG) reported a strong financial performance for Q4 2020, with net revenue of $86.1 million, a 64.5% increase year-over-year. For the full year, net revenue reached $313.8 million, a 43.0% jump from 2019. Despite GAAP net losses of $12.7 million for Q4 and an operating loss of $8.6 million, the company recognized about $37.5 million in 5G revenue and expanded its SaaS cloud solutions significantly, achieving over 3.5 million cloud subscriptions. End-of-year cash totaled $40.0 million.

Inseego Corp. (Nasdaq: INSG) announced a definitive agreement for an affiliate of Convergence Partners to acquire its South African Ctrack operations for approximately 529 million ZAR (around $36.2 million USD). This all-cash transaction aims to strengthen Inseego's balance sheet, allowing further focus on its 5G strategy. The sale is part of a broader plan to transform Inseego into a 5G-centric company. The transaction awaits regulatory approvals and is expected to close in Q2 2021.

Inseego Corp. (Nasdaq: INSG) will announce its financial results for Q4 and the year ending December 31, 2020, after market close on March 1, 2021. Following the announcement, a conference call will be held at 5:00 p.m. ET, featuring a Q&A session with analysts. Interested parties can access a live audio webcast through the company's website and can pre-register for the telephone conference. An audio replay will be available after the call until March 15, 2021. Inseego specializes in 5G and IoT solutions, providing advanced connectivity systems.

Inseego Corp. (Nasdaq: INSG) announced the certification of its Wavemaker PRO 5G indoor router for use in Europe, North America, and Australia, with further certifications pending. Targeted at enterprise customers, this router offers multi-carrier 5G and Wi-Fi 6 connectivity, alongside cloud software for efficient device management. Inseego aims to enhance broadband access for various business needs including remote and secure work. The company is also expanding its global distribution network to support new enterprise solutions.

Inseego Corp. (Nasdaq: INSG) showcases its latest 5G solutions at the all-digital CES 2021. Highlighted products include the CES 2021 Innovation Award-winning 5G MiFi® M2000 Series mobile hotspot, capable of connecting up to 30 devices, and the Wavemaker™ 5G indoor routers, designed for underserved areas. The Wavemaker™ 5G outdoor modem and advanced cloud management tool Inseego Manage are also featured. CEO Dan Mondor emphasized the company’s leadership in 5G innovation and commitment to providing advanced connectivity solutions globally.