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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.

About Inseego Corp

Inseego Corp (Nasdaq: INSG) is a global leader in the design and development of advanced 5G and 4G wireless solutions, Industrial Internet of Things (IIoT) devices, and cloud-based software platforms. Headquartered in San Diego, California, the company serves a diverse range of customers, including enterprises, service providers, small and medium-sized businesses (SMBs), government agencies, and consumers across North America, Europe, and Australia. By leveraging cutting-edge 5G technology, Inseego empowers organizations to achieve secure, high-speed, and reliable connectivity, even in the most challenging environments.

Core Business Areas

Inseego's product portfolio includes intelligent mobile hotspots, fixed wireless access (FWA) devices, IoT routers, USB modems, and integrated telematics and mobile tracking solutions. These hardware offerings are complemented by robust cloud-based software applications that enable customers to manage their devices, analyze data insights, and optimize network performance. The company's flagship solutions, such as its 5G Edge Cloud platform, provide enterprises with secure, scalable, and intelligent connectivity to support distributed workforces, connected devices, and critical business operations.

Market Focus and Competitive Position

Inseego operates at the forefront of the rapidly evolving 5G and IoT markets, addressing the growing demand for secure and high-performance wireless connectivity. The company’s solutions are particularly well-suited for industries requiring reliable data transfer, such as transportation, healthcare, retail, and manufacturing. By divesting its telematics business, Inseego has sharpened its focus on its core 5G enterprise solutions, positioning itself as a key player in the wireless networking ecosystem. Its competitive edge lies in its innovative use of technologies like UL-MIMO and advanced modem systems, enabling superior uplink and downlink performance.

Revenue Model and Geographic Reach

Inseego generates revenue through hardware sales, software subscriptions, and managed services. The majority of its revenue comes from the United States and Canada, with additional contributions from markets in Europe, including the United Kingdom, and the Asia-Pacific region. This geographic diversification allows the company to cater to a wide array of connectivity needs while reducing reliance on any single market.

Challenges and Opportunities

Operating in a competitive and fast-paced industry, Inseego faces challenges such as supply chain disruptions, pricing pressures, and the need to continuously innovate. However, the increasing adoption of 5G technology and the growing importance of secure, remote connectivity present significant growth opportunities. By focusing on enterprise-grade solutions and leveraging its expertise in wireless technology, Inseego is well-positioned to meet the demands of an increasingly connected world.

Conclusion

Inseego Corp stands out as a technology-driven company committed to advancing wireless connectivity and enabling digital transformation across industries. Its comprehensive portfolio of 5G and IoT solutions, combined with its strong emphasis on security, scalability, and performance, makes it a trusted partner for businesses and organizations worldwide. By continuing to innovate and adapt to market needs, Inseego plays a pivotal role in shaping the future of wireless communication.

Rhea-AI Summary
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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Inseego Corp. has launched the next-generation 5G indoor router FX3100 in partnership with UScellular. The router includes the Qualcomm Snapdragon X62 5G Modem-RF System and offers fast broadband internet to residential, enterprise, and SMB customers. It supports dual-band Wi-Fi 6 and can connect up to 64 devices simultaneously. The FX3100 is easy to set up and manage, and offers enterprise-grade security.
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FAQ

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

The current stock price of Inseego (INSG) is $9.1 as of March 6, 2025.

What is the market cap of Inseego (INSG)?

The market cap of Inseego (INSG) is approximately 142.6M.

What does Inseego Corp specialize in?

Inseego specializes in 5G and 4G wireless solutions, IoT devices, and cloud-based software platforms for secure and reliable connectivity.

Who are Inseego's primary customers?

Inseego serves enterprises, SMBs, government agencies, and consumers, with a focus on industries requiring secure and high-performance wireless connectivity.

How does Inseego generate revenue?

Inseego generates revenue through hardware sales, software subscriptions, and managed services, primarily in North America, Europe, and Australia.

What industries benefit from Inseego's solutions?

Industries such as transportation, healthcare, retail, and manufacturing benefit from Inseego's secure and scalable wireless connectivity solutions.

What is Inseego's competitive advantage?

Inseego's competitive advantage lies in its innovative 5G technology, including advanced modem systems and UL-MIMO, which deliver superior network performance.

Where is Inseego headquartered?

Inseego is headquartered in San Diego, California, and has a global presence in North America, Europe, and Australia.

What is the 5G Edge Cloud platform?

Inseego's 5G Edge Cloud platform provides secure, scalable, and intelligent connectivity for distributed workforces and connected devices.

What recent strategic changes has Inseego made?

Inseego recently divested its telematics business to focus on its core 5G enterprise solutions and improve its financial position.

What challenges does Inseego face?

Inseego faces challenges like supply chain disruptions, pricing pressures, and the need for continuous innovation in the competitive 5G market.

What opportunities exist for Inseego in the 5G market?

The growing adoption of 5G technology and the demand for secure wireless connectivity present significant growth opportunities for Inseego.
Inseego Corp

Nasdaq:INSG

INSG Rankings

INSG Stock Data

142.56M
14.44M
2.02%
47.89%
10.11%
Communication Equipment
Communications Equipment, Nec
Link
United States
SAN DIEGO