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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.
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Inseego Corp. (Nasdaq: INSG) announced it will release its financial results for the quarter ended March 31, 2023 on May 3, 2023, post-market close. Following the report, a conference call for analysts and investors will take place at 5:00 p.m. Eastern Time, featuring a Q&A session. Investors can listen to the call through a live audio webcast available on the company's website, with an archived version accessible for two weeks thereafter. Additionally, a telephone conference option is available with pre-registration. The announcement emphasizes Inseego's leadership in 5G edge cloud solutions, catering to a broad range of enterprise and SMB customers, showcasing its role in enhancing connectivity and business outcomes.
Inseego Corp. (Nasdaq: INSG) reported its fourth quarter results for the year ended December 31, 2022, achieving net revenue of $52.9 million. The company experienced significant growth in its FWA business, with a 122% year-over-year increase, contributing to 30% of total revenue. Cloud software revenue rose 6% year-over-year, accounting for 27% of revenue. Despite a GAAP operating loss of $14.2 million and a net loss of $15.3 million, gross margins improved to 30%. Inseego aims for positive EBITDA and cash flow in 2023, driven by FWA growth and cost-saving measures.