Inseego Reports First Quarter 2024 Financial Results
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Business Wire
Q1 2024 revenue of $45.0 millionQ1 2024 GAAP Net Loss of $4.5 million and positive Adjusted EBITDA of $3.8 million Fifth consecutive quarter of positive Adjusted EBITDA SAN DIEGO--(BUSINESS WIRE)--Inseego Corp. (Nasdaq: INSG) (the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today reported its results for the first quarter ended March 31, 2024. The Company reported first quarter revenue of $45.0 million, GAAP operating loss of $1.7 million, GAAP net loss of $4.5 million, GAAP net loss of $(0.44) per share, and Adjusted EBITDA of positive $3.8 million. Unrestricted cash and cash equivalents at March 31, 2024 were $12.3 million.“The Company had a solid quarter with good demand across our product lines and I am pleased that we delivered Q1 2024 results that exceeded guidance for both revenue and Adjusted EBITDA. In my first quarter in the Executive Chairman role, I continue to be excited about
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INSG
News
- Inseego Corp. (NASDAQ: INSG) had its price target raised by analysts at TD Cowen from $3.50 to $12.00. They now have a "hold" rating on the stock.MarketBeat
- Inseego First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Inseego (INSG) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Inseego Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Inseego Voluntarily Pays-off and Terminates Asset-Backed Loan Facility to Improve Capital Structure Flexibility and Meaningfully Reduce Financing Costs [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 5/9/24 - Beat
INSG
Sec Filings
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/30/24 - Form 10-K/A
- INSG's page on the SEC website