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. (Nasdaq: INSG) is frequently in the news for its work in 5G mobile broadband, 5G fixed wireless access (FWA), and cloud-managed enterprise connectivity. Company announcements highlight new product launches, strategic partnerships, financial results, and capital structure updates, providing investors and industry observers with insight into how Inseego is executing its strategy in wireless broadband and SaaS-based network management.
Recent press releases describe Inseego as a leading provider of cloud-managed, wireless broadband connectivity solutions with a comprehensive hardware portfolio and a SaaS platform for device, network, and subscriber management. News items often cover the introduction of new 5G FWA routers such as the Wavemaker FX4200 and FX3110 series, updates to the Inseego Connect cloud management suite, and collaborations with partners like Kajeet and TELCLOUD to deliver business continuity and POTS line replacement solutions.
Investors following INSG news will also see quarterly earnings announcements, guidance updates, and conference call details, as reflected in the company’s releases about third quarter results and upcoming financial reports. These updates are typically accompanied by commentary on revenue trends, adjusted EBITDA, and the company’s progress on strategic growth initiatives.
In addition, Inseego issues news about board and leadership changes, such as the appointment of experienced executives with backgrounds in wireless networking, SaaS, and AI, and the promotion of internal technology leaders. The company also publicizes milestones like its multi-decade listing on Nasdaq and participation in investor conferences.
This news page aggregates those releases and related coverage, giving readers a single place to review Inseego’s product developments, partnerships, financial disclosures, and governance updates connected to the INSG stock.
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.
Inseego Corp. (Nasdaq: INSG) has announced that CEO Dan Mondor and CFO Craig Foster will present at the 23rd Annual Needham Virtual Growth Conference on January 11, 2021, at 12:30 p.m. ET. The event will include one-on-one meetings with investors. A live webcast of the presentation will be available on Inseego's investor relations site, along with a replay accessible for 90 days afterward. Inseego is recognized for its advanced 5G and IoT solutions, providing robust connectivity and security across various environments.
Inseego Corp. (Nasdaq: INSG) has launched the Wavemaker series, a new line of 5G fixed wireless solutions aimed at enhancing broadband access in diverse environments. The portfolio features two indoor routers and two outdoor modems, compatible with both sub-6 GHz and mmWave spectrum bands, designed to perform on par with fiber optics. With applications across residential and business settings, these products aim to solve the 'last mile' broadband issue. The Wavemaker series will be available in North America starting tomorrow, expanding to other regions in 2021.
Vodafone Qatar has launched the Inseego 5G MiFi® M2000, marking a significant milestone as the first operator in the region to provide this advanced mobile hotspot. Priced at QR 1,699, the device enhances user connectivity through Wi-Fi 6 and Vodafone’s GigaNet 5G network. The MiFi M2000 supports gigabit-plus speeds and is tailored for high-demand applications like streaming and gaming. Inseego aims to enrich user experience with this new device, while Vodafone highlights its 5G readiness to meet winter demand.
Inseego Corp. (Nasdaq: INSG) has expanded its operations in Japan by launching its 5G MiFi® M2000 mobile hotspot in collaboration with Grape One Ltd., a subsidiary of Sumitomo Corporation. This move aims to tap into the significant 5G market in Japan, providing high-speed broadband solutions tailored for local cable television companies. The 5G MiFi M2000 supports mmWave and sub-6 GHz spectrum bands, promising multi-gigabit speeds for various applications. Inseego is also establishing a local subsidiary in Tokyo to enhance sales and technical support for network operators and enterprise customers.