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Inseego Corp. - INSG STOCK NEWS

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. (symbol: INSG) is a prominent global player in the field of wireless technology and solutions for the Internet of Things (IoT). Headquartered in sunny San Diego, California, the company specializes in the design and development of both fixed and mobile wireless solutions, including cutting-edge technologies for 4G and 5G NR networks. Inseego's comprehensive product portfolio serves a wide array of needs for enterprises, service providers, small and medium-sized businesses, governments, and consumers across the globe.

At the core of Inseego's offerings are their intelligent mobile hotspots, wireless routers designed for IoT applications, USB modems, and a range of integrated telematics and mobile tracking devices. These hardware solutions are complemented by advanced applications software and cloud services, enabling users to seamlessly analyze data insights and manage their hardware configurations.

The company's product lines include the renowned MiFi® intelligent mobile hotspots and modems, the Ctrack™ fleet and vehicle telematics platform, and the Feeney Wireless (FW) IoT consulting services. These solutions deliver consistent and reliable communication and analytics capabilities, catering to both consumer and business markets. As of the latest records, Inseego supports around 155,000 subscribed fleet vehicles for Ctrack among its approximately 510,000 global subscribers.

Generating maximum revenue from the United States and Canada, Inseego also maintains a significant presence in Australia, Europe, including the United Kingdom. The company’s commitment to innovation and excellence positions it as a leader in delivering next-generation wireless solutions that drive connectivity and business intelligence.

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Inseego Corp. (Nasdaq: INSG) has appointed Keri Bolding as the SVP of Global Channel Sales & Distribution. With over 20 years of experience in channel sales and product distribution, Bolding's expertise is expected to benefit Inseego's global channel partners. Inseego's Chief Revenue Officer, Steve Harmon, expressed confidence in Bolding's leadership and experience, emphasizing the company's commitment to the channel. Bolding's role is crucial in developing go-to-market strategies and tactics to enable partners to grow their businesses with Inseego. Her appointment comes at a pivotal moment as Inseego aims to capitalize on the rapidly growing Fixed Wireless Access market.
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Inseego Corp. (INSG) has launched the Inseego Wavemaker™ 5G indoor router FX3100 for T-Mobile for Business customers. The FX3100 offers ultra-fast, reliable, and secure connectivity for up to 64 Wi-Fi capable devices, with extensive support for 5G sub-6GHz bands and true 5G carrier aggregation. It has been FIPS 140-2 certified and approved by the National Institute of Standards and Technology (NIST), providing enterprise-grade security. The device is now available for enterprise customers through T-Mobile for Business.
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Inseego Corp. reported Q3 2023 total revenue of $48.6 million, with a net loss of $21.8 million. However, they delivered positive adjusted EBITDA of $4.0 million. 5G Fixed Wireless Access (FWA) revenue accounted for 23.0% of total revenue and grew 29.0% YoY.
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Inseego Corp. has appointed Steve Harmon as Chief Revenue Officer to oversee global revenue growth, marketing, and business development. Harmon brings over 18 years of experience in sales and marketing leadership, with a focus on enterprise selling. Inseego will issue Harmon 250,000 stock options as an inducement award.
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Inseego Corp. to release Q3 financial results on November 2, 2023
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Inseego Corp. appoints Philip Brace as independent director, bringing valuable industry and operating perspectives to the board. Brace has extensive experience in technology companies and will support the expansion of the 5G FWA business and entry into new market segments.
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Inseego Corp. appoints Steven Gatoff as CFO, succeeding Robert G. Barbieri who will step down. Gatoff brings extensive financial experience and will help grow the company profitably through disciplined financial planning. Inseego issues 250,000 stock options to Gatoff.
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Inseego Corp. reported Q2 net revenue of $53.6M, positive operating cash flow, and adjusted EBITDA of $4.5M. FWA and cloud solutions business made up 65% of revenue, with FWA revenue growing over 50% sequentially. Successfully launched 2nd gen 5G FWA product.
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FAQ

What is the current stock price of Inseego (INSG)?

The current stock price of Inseego (INSG) is $10.81 as of December 20, 2024.

What is the market cap of Inseego (INSG)?

The market cap of Inseego (INSG) is approximately 162.7M.

What does Inseego Corp. specialize in?

Inseego Corp. specializes in the design and development of fixed and mobile wireless solutions, including 4G and 5G NR technologies, IoT applications, and cloud services.

Where is Inseego Corp. headquartered?

Inseego Corp. is headquartered in San Diego, California.

What are some of the products offered by Inseego Corp.?

Inseego offers intelligent mobile hotspots, wireless routers for IoT applications, USB modems, integrated telematics, and mobile tracking devices.

How many global subscribers does Inseego support?

Inseego supports approximately 510,000 global subscribers.

What is the Ctrack™ platform?

The Ctrack™ platform is a fleet and vehicle telematics solution that supports around 155,000 subscribed fleet vehicles.

Which regions generate the most revenue for Inseego Corp.?

The United States and Canada generate the most revenue for Inseego Corp.

Does Inseego have operations outside of North America?

Yes, Inseego also has a presence in Australia and Europe, including the United Kingdom.

What consulting services does Inseego offer?

Inseego offers Feeney Wireless (FW) IoT consulting services.

What is the MiFi® product line?

The MiFi® product line includes intelligent mobile hotspots and modems that provide reliable connectivity solutions.

How does Inseego support data analysis and hardware management?

Inseego's products are supported by applications software and cloud services designed to enable customers to easily analyze data insights and configure and manage their hardware.

Inseego Corp.

Nasdaq:INSG

INSG Rankings

INSG Stock Data

162.71M
14.49M
2.02%
47.89%
10.11%
Communication Equipment
Communications Equipment, Nec
Link
United States of America
SAN DIEGO