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.
Inseego Corp. (Nasdaq: INSG) announced it will release its financial results for the quarter ended
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.
Inseego Corp. (NASDAQ: INSG) will release its financial results for the quarter and year ended December 31, 2022, on March 1, 2023, after market close. A conference call will follow at 5:00 PM ET that same day, with a Q&A session for analysts. Participants can access the call via an audio webcast on the company's website, and a replay will be available after the call. Inseego is recognized as a leader in 5G edge cloud solutions, serving millions of end customers and thousands of enterprises with its 4G and 5G platforms, aimed at enhancing business operations and connectivity.
Inseego Corp. (Nasdaq: INSG) has launched its 10th generation MiFi® 5G mobile hotspot, the MiFi X PRO, at T-Mobile, marking a significant addition to their 5G offerings. This advanced device boasts speeds exceeding 1 Gbps, enhanced security features, and versatile connectivity options including an ethernet port and Wi-Fi 6 capabilities. Available for purchase starting November 17, the MiFi X PRO aims to enhance mobile connectivity and deliver superior performance for enterprises leveraging 5G technology.
FAQ
What is the current stock price of Inseego (INSG)?
What is the market cap of Inseego (INSG)?
What does Inseego Corp. specialize in?
Where is Inseego Corp. headquartered?
What are some of the products offered by Inseego Corp.?
How many global subscribers does Inseego support?
What is the Ctrack™ platform?
Which regions generate the most revenue for Inseego Corp.?
Does Inseego have operations outside of North America?
What consulting services does Inseego offer?
What is the MiFi® product line?
How does Inseego support data analysis and hardware management?
