Welcome to our dedicated page for Inseego news (Ticker: INSG), a resource for investors and traders seeking the latest updates and insights on Inseego stock.
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) 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.
Inseego Corp (Nasdaq: INSG) will participate in the ROTH Virtual London Conference on June 21, 2021. Key executives, including CEO Dan Mondor, President Ashish Sharma, and CFO Bob Barbieri, are set to engage in one-on-one meetings with investors. Attendance is by invitation only, and registration is necessary. Inseego specializes in 5G and IoT device solutions, enabling extensive 5G coverage and high-speed internet access through advanced technologies like 4G LTE and Wi-Fi 6. Their products cater to service providers, enterprises, and government entities globally.
Inseego Corp. (Nasdaq: INSG) announced the immediate appointment of Stephanie Bowers to its Board of Directors. Ms. Bowers will also join the Nominating and Corporate Governance Committee, bringing her extensive experience in international relations and government affairs. Her background includes two decades at the U.S. government and significant roles at the State Department and the National Security Council. Chairman and CEO Dan Mondor highlighted her potential contributions as Inseego expands into new global markets, particularly concerning security and supply chain aspects of 5G products.
Inseego Corp. (Nasdaq: INSG) announces the promotion of Ashish Sharma to President, effective immediately. Formerly President of IoT & Mobile Solutions since 2020, Sharma will continue to report to Chairman and CEO Dan Mondor, overseeing all business operations, including product development, sales, and marketing. CEO Mondor emphasizes the alignment of the organization for delivering integrated solutions as Inseego enters a new growth phase. Sharma's extensive background in technology and marketing aims to leverage talent for enhancing 5G solutions and creating value for shareholders.
Inseego Corp (Nasdaq: INSG) announced a collaboration with Net4 to simplify 5G private networks deployment for enterprise customers in the UK and Europe. The partnership integrates Net4's platform for ultra-reliable 5G connectivity with Inseego's 5G device portfolio, facilitating cellular-to-ethernet and Wi-Fi gateway services. The solution leverages 5G Stand Alone technology, promising low latency and improved network management. This collaboration aims to reduce deployment costs and enhance connectivity for legacy devices while providing high-density connections and better control over enterprise networks.
Inseego Corp. (Nasdaq: INSG) has announced that CEO Dan Mondor will present at two upcoming investor conferences. The Cowen 49th Annual Technology, Media, & Telecom Virtual Conference will take place from June 1-3, 2021, with a fireside chat scheduled for June 3 at 3:50 PM ET. Additionally, Inseego will present at the Stifel 2021 Virtual Cross Sector Insight Conference from June 8-10, with a presentation on June 9 at 4:00 PM ET. The company will also host one-on-one investor meetings and provide live webcasts of the presentations, accessible on their investor relations site.
Inseego Corp. (Nasdaq: INSG) announced that chairman and CEO Dan Mondor will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 3:45 p.m. ET. The company will also facilitate one-on-one meetings with investors on the same day. A live webcast of the presentation will be available on the company's investor relations site, with a replay accessible for 90 days afterwards. Inseego specializes in 5G and intelligent IoT solutions aimed at enhancing connectivity and performance across various environments.
UScellular, Qualcomm, Ericsson, and Inseego have achieved a significant milestone in 5G technology by establishing the longest 5G mmWave Fixed Wireless Access (FWA) connection in the US, reaching a distance of 7 km with sustained downlink speeds of approximately 1 Gbps and peak speeds over 2 Gbps in Janesville, Wisconsin. This advancement enables enhanced broadband services for rural and urban areas, addressing connectivity challenges and facilitating high-speed internet for homes, schools, and healthcare facilities.
Inseego Corp. (Nasdaq: INSG) reported its Q1 results with net revenue of $57.6 million, marking a 1.3% increase year-over-year. However, the company experienced a GAAP operating loss of $16.2 million and net loss of $17.0 million, translating to a loss of $0.18 per share. Cash reserves stood at $59.6 million, with zero bank debt. The 5G and SaaS revenue now represents 44% of total revenue, up from last year. Despite losses, the company noted progress in launching new products and improving gross margins, with a non-GAAP gross margin of 35.7%, an increase of 4.2% year-over-year.