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) 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.
Inseego Corp. (Nasdaq: INSG) announced a rescheduling of its first quarter fiscal year 2022 conference call from 5:00 p.m. to 4:30 p.m. Eastern Time on May 4, 2022. This adjustment aims to avoid conflicts with other companies' earnings announcements that day. The call will include a Q&A session with analysts and will be accessible through a live audio webcast. Investors can register for the call via telephone or access a replay until May 18, 2022. Inseego continues to lead in 5G IoT solutions, focusing on robust connectivity across various sectors.
UScellular has launched its 5G mmWave high-speed internet service known as Home Internet+ in parts of 10 cities, including locations in Illinois, Iowa, Wisconsin, and Washington. This service offers speeds up to 300 Mbps, significantly higher than its previous 4G LTE service. The rollout, achieved in partnership with Qualcomm and Inseego, marks a strategic shift towards expanding broadband access. UScellular plans to extend the service to numerous additional cities throughout 2022, aiming to bridge the digital divide with affordable internet solutions.
Inseego Corp. (Nasdaq: INSG) will announce its financial results for Q1 2022 on May 4, 2022, at 5:00 p.m. Eastern Time. A conference call with analysts and investors will follow, featuring a Q&A session. Participants can access the call via a live audio webcast on the company’s website or register for telephone participation. An audio replay will be available until May 18, 2022. Inseego specializes in 5G and IoT device-to-cloud solutions, providing advanced connectivity through its products.
Inseego Corp. (NASDAQ: INSG) has appointed Chuck Becher as Senior Vice President and General Manager of Carrier Solutions. He brings over 25 years of wireless industry experience, previously serving at Onward Mobility and Sonim Technologies. Becher will oversee Inseego's carrier portfolio, addressing 5G and cloud software demands. Inseego plans to issue inducement awards consisting of 100,000 stock options and 25,000 RSUs to Becher, with a vesting schedule spanning four years. The appointment aims to enhance Inseego's innovation and market expansion in the 5G sector.
Inseego Corp. (NASDAQ: INSG) announced the availability of its 5G mobile hotspot, the MiFi® M2000, for TELUS customers in Canada. This hotspot is the first commercially available 5G device on the TELUS network, promising high-speed wireless connectivity for enterprise employees, gamers, and remote users. The device supports up to 30 Wi-Fi-enabled devices and features Wi-Fi 6 for enhanced throughput, all-day battery life, and enterprise-grade security. Available at TELUS stores and online, the MiFi M2000 aims to deliver reliable broadband connectivity across Canada.
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