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) has launched the Wavemaker™ FG2000 5G indoor router for business customers of Drei Austria. This router is designed to provide secure and reliable internet with peak speeds over 1 Gbps, featuring modern Wi-Fi 6 capabilities and advanced security measures. It is the second partnership with 3 Group Europe, enhancing Inseego's presence in the European market. The router's easy setup, high throughput, and enterprise-grade security aim to meet growing business needs for efficient connectivity.
Inseego Corp. (Nasdaq: INSG) launched the new MiFi X PRO 5G mobile hotspot, enhancing access to Australia’s largest 5G network through its partnership with Telstra. The device features Wi-Fi 6, a robust battery of 5050 mAh, and security features like Open VPN. Users can expect improved connectivity with advanced 5G capabilities, ensuring high-speed and reliable performance. The MiFi X PRO is available through Telstra stores and online, aiming to strengthen Inseego's foothold in the rapidly growing 5G market.
Inseego Corp. (Nasdaq: INSG) has launched the MiFi® X PRO 5G mobile hotspot, enhancing 5G connectivity with C-Band support and Wi-Fi 6 capabilities. This hotspot offers reliable performance with low latency, robust security features, and all-day battery life. Available through Verizon, this device aims to transform business connectivity and is designed for versatile use in various environments. Developed in North America, the MiFi X PRO leverages advanced technologies for superior internet access.
Inseego Corp. (Nasdaq: INSG) reported Q2 2022 net revenue of $61.9 million with a GAAP operating loss of $10.0 million. The company experienced a 39% year-over-year increase in 5G revenue, while gross margin improved to 29.5%, up from 27.3% in Q1. The launch of the next-generation 5G mobile hotspot and a $50 million credit facility were key highlights. Inseego anticipates a shift towards higher-margin enterprise sales, aiming for cash flow breakeven by year-end.
Inseego Corp. (NASDAQ: INSG) announced that Verizon has certified its 5G fixed wireless access (FWA) portfolio for C-Band spectrum connectivity. This certification enables Verizon customers to utilize the mid-band spectrum to enhance speed and reliability for various applications, including consumer and industrial environments.
Inseego's solutions feature capabilities such as over-the-air updates, dual SIM support, and cloud management, facilitating easy deployment and robust performance. This partnership is expected to accelerate the adoption of 5G services.
Inseego Corp. (Nasdaq: INSG) plans to release its financial results for the quarter ended June 30, 2022, on August 8, 2022. Following the release, a webcast and conference call for analysts and investors will be held at 5:00 p.m. Eastern Time, with a Q&A session to follow. The call can be accessed via the company's website, and a replay will be available for two weeks thereafter. Inseego is recognized for its leadership in 5G edge cloud solutions, providing high-quality wireless connectivity for various sectors including service providers and government entities.
Inseego Corp. (Nasdaq: INSG) has launched its Wavemaker FX2000 5G indoor router on the Three Sweden network, marking its first commercial rollout with a European carrier. This advanced router offers gigabit speeds, supports up to 30 devices with Wi-Fi 6, and is designed for remote work, gaming, and streaming. It features easy setup via a mobile app and provides robust security. This collaboration with Three Sweden aims to enhance customer access to reliable 5G internet, promoting new connectivity experiences.
Inseego Corp. has launched 5G SD EDGE™, a cloud networking solution tailored for enterprises. This innovation integrates zero-trust network access with a secure 5G network fabric, eliminating the need for costly legacy hardware. Designed to simplify digital transformation, it offers quick scalability across numerous distributed locations, supporting a remote workforce. The solution promises enhanced security, lower operational costs, and faster deployment of gigabit speeds globally, thereby addressing the demands of modern corporate IT.
Inseego Corp. (Nasdaq: INSG) announced its participation in two key investor conferences: the Cowen 50th Annual Technology Media & Telecom Conference on June 1 and the Stifel 2022 Cross Sector Insight Conference on June 9. CEO Ashish Sharma will present at both events. One-on-one in-person meetings will also be available for investors. Live webcasts of the conferences will be accessible on the company's investor relations website, with replays available for 90 days post-event. For inquiries, contact investor relations.
Inseego Corp. (Nasdaq: INSG) reported a strong 5G revenue growth of 142% year-over-year, contributing 67% of total revenue. The company posted first-quarter revenue of $61.4 million but incurred a GAAP operating loss of $21.8 million and a net loss of $25.9 million with a loss per share of $0.24. Despite challenges, Inseego is making progress with large enterprise customers and expanding its 5G solutions globally. Cash and cash equivalents stood at $45.2 million as of the quarter's end.