Inseego Corp - INSG STOCK NEWS

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.

Inseego Corp. (Nasdaq: INSG) announced it will release its financial results for the quarter ended March 31, 2023 on May 3, 2023, post-market close. Following the report, a conference call for analysts and investors will take place at 5:00 p.m. Eastern Time, featuring a Q&A session. Investors can listen to the call through a live audio webcast available on the company's website, with an archived version accessible for two weeks thereafter. Additionally, a telephone conference option is available with pre-registration. The announcement emphasizes Inseego's leadership in 5G edge cloud solutions, catering to a broad range of enterprise and SMB customers, showcasing its role in enhancing connectivity and business outcomes.

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.

Inseego Corp. (Nasdaq: INSG) reported Q3 2022 net revenue of $69.2 million, despite a GAAP operating loss of $11.9 million and a net loss of $15.7 million, equating to a loss per share of $0.15. The enterprise FWA business now constitutes over 13% of total revenue, driven by a growing customer base exceeding 1,000 and successful launches of its 5G mobile hotspot with major carriers. Gross profit margins were impacted by elevated supply chain costs, though improvement is expected in Q4.

Inseego Corp. (NASDAQ: INSG) will announce its financial results for the quarter ending September 30, 2022 on November 2, 2022. A webcast and conference call for analysts and investors will take place at 5:00 p.m. ET on the same day, followed by a Q&A session. Participants can access the audio webcast via the company's website. The call will have an audio replay available until November 16, 2022.