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Inseego Corp. develops cloud-first wireless edge solutions for mobile broadband, fixed wireless access, IoT connectivity and subscriber lifecycle management. Its product portfolio includes 5G FWA routers, MiFi mobile hotspots, Skyus IoT solutions, Inseego Connect device-management software and Inseego Subscribe, a cloud-based SaaS BSS platform for service providers.
Company news covers product introductions for enterprise wireless deployments, platform enhancements, carrier and service-provider use cases, operating and financial results, and governance updates. Recurring corporate developments also include material agreements, shareholder voting matters and capital-structure disclosures tied to Inseego's common stock and financing arrangements.
Inseego Corp. (Nasdaq: INSG) reported a strong fourth quarter with net revenue of $72.9 million, contributing to an annual total of $262.4 million. The company's 5G revenue grew 132% year-over-year. Despite a GAAP operating loss of $9.8 million, Inseego is optimistic about future growth driven by its 5G and cloud solutions, which accounted for 58% of quarterly revenue. Ashish Sharma will succeed Dan Mondor as CEO effective March 1, 2022, with Mondor becoming Executive Chairman.
Inseego Corp. has praised the U.S. House of Representatives for passing the America COMPETES Act, which aims to enhance U.S. supply chain resilience and support Open Radio Access Network (RAN) innovation. This legislation is expected to foster a diverse ecosystem of 5G suppliers, ensuring a stable supply chain for next-gen wireless networks. Inseego's CEO Dan Mondor emphasized the importance of this act for American leadership in 5G technology. The company is actively contributing to 5G innovations, providing solutions for unserved communities, smart cities, and critical infrastructure.
Inseego Corp. (NASDAQ: INSG) announces the launch of its 5G MiFi® M2000 mobile hotspot in Saudi Arabia through Zain KSA. The M2000 offers significant advancements including gigabit internet speeds, Wi-Fi 6 capabilities, and robust security features. It supports connectivity for up to 30 devices simultaneously, benefiting both personal and business users with all-day connectivity. This marks Inseego's inaugural 5G offering in the region, highlighting its commitment to expanding its 5G solutions and enhancing customer experiences.
Inseego Corp. (Nasdaq: INSG) will announce its financial results for Q4 and the year ended December 31, 2021 on March 1, 2022, after market close. A webcast and Q&A session will follow at 5:00 p.m. ET.
The call will be accessible via the Investors section of the company’s website, with an audio replay available until March 15, 2022. Inseego specializes in innovative 5G and IoT solutions, enhancing connectivity and coverage with advanced technologies.
Inseego Corp. (Nasdaq: INSG) announced that Chairman and CEO Dan Mondor will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 1:15 p.m. Eastern time. Mondor will be joined by President Ashish Sharma and CFO Bob Barbieri for a Q&A session after the presentation. A live webcast will be available on the company's investor relations site, with a replay accessible for 90 days. To schedule one-on-one meetings, attendees can contact their Needham representative or reach out via email.
Inseego specializes in 5G and IoT solutions, providing reliable internet access worldwide.
Inseego Corp. (NASDAQ: INSG) and Vodafone Qatar have launched the Wavemaker™ 5G indoor router FX2000, providing high-speed internet for home and business users. This compact router supports up to 30 Wi-Fi devices, delivers 5G speeds exceeding 1 Gbps, and features the latest Wi-Fi 6 technology. Its design allows for easy installation and management via a mobile app, ensuring reliable connectivity with advanced security measures. The FX2000 is now available through Vodafone Qatar's retail locations and online, bundled with their 5G GigaHome plans.
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.