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) reported Q1 2024 revenue of $45.0 million with positive Adjusted EBITDA of $3.8 million. The company saw a GAAP net loss of $4.5 million and had unrestricted cash of $12.3 million. Inseego had a strong quarter with good demand across product lines, exceeding revenue and Adjusted EBITDA guidance. The company also paid off its ABL facility, resulting in improved operations and free cash flow. Q2 2024 guidance predicts total revenue of $52.0 million to $56.0 million and Adjusted EBITDA of $6.5 million to $7.5 million.
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