Inseego Corp
NASDAQ:INSG
Inseego Corp
Inseego Corp. engages in the business of communication equipment. The company is headquartered in San Diego, California and currently employs 500 full-time employees. The company went IPO on 2000-11-16. The Company’s product portfolio consists of fixed and mobile device-to-cloud solutions, which provides end-to-end IoT services with deep business intelligence. Its businesses include IoT and Mobile Solutions, and Telematics and Asset Tracking Business/Enterprise SaaS Solutions. Its IoT business focuses on addressing applications for a range of markets, including large enterprise verticals and IIoT markets. Its IoT & Mobile Solutions also includes Inseego Subscribe. The company designs, develops and sells a range of asset management and monitoring systems using global positioning system (GPS) satellite positioning, advanced cellular communications and advanced sensory technologies through its subsidiary DigiCore Holdings Limited.
Inseego Corp. engages in the business of communication equipment. The company is headquartered in San Diego, California and currently employs 500 full-time employees. The company went IPO on 2000-11-16. The Company’s product portfolio consists of fixed and mobile device-to-cloud solutions, which provides end-to-end IoT services with deep business intelligence. Its businesses include IoT and Mobile Solutions, and Telematics and Asset Tracking Business/Enterprise SaaS Solutions. Its IoT business focuses on addressing applications for a range of markets, including large enterprise verticals and IIoT markets. Its IoT & Mobile Solutions also includes Inseego Subscribe. The company designs, develops and sells a range of asset management and monitoring systems using global positioning system (GPS) satellite positioning, advanced cellular communications and advanced sensory technologies through its subsidiary DigiCore Holdings Limited.
Revenue Beat: Q3 revenue was $45.9 million, above guidance and marking the second consecutive quarter of sequential revenue growth.
Profitability: Adjusted EBITDA came in at $5.8 million, also above guidance and up sequentially, with a 12.5% margin—the third highest in over a decade.
FWA Momentum: Fixed wireless access (FWA) shipment volumes were up over 50% year-over-year, with FWA revenue the second highest in company history and surpassing mobile hotspot revenue for the third time.
Carrier Expansion: Inseego now has all three major U.S. Tier 1 carriers as customers, broadening reach and supporting growth in both FWA and mobile.
Product Launches: Announced the premium FX4200 FWA product, with shipments starting in Q4, aiming to expand market opportunities and recurring SaaS revenue.
Stable Software Revenue: Software services revenue held steady at $12 million, expected to remain consistent in Q4.
Guidance Raised: Q4 revenue guidance of $45–48 million and adjusted EBITDA guidance of $4–5 million reflect expectations for continued sequential growth, despite typical seasonality.
Balance Sheet Strength: Ended Q3 with $14.6 million in cash and a manageable $40.9 million in total debt, following significant debt reduction and new financing measures.
