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) lauds the U.S. government's Infrastructure Investment and Jobs Act for enabling funding aimed at accelerating high-speed broadband deployment. CEO Dan Mondor emphasized collaboration with the National Telecommunications and Information Administration to develop effective programs, with a focus on utilizing 5G technology. Inseego aims to enhance broadband access in underserved areas and support critical infrastructures, including smart cities and defense applications.
Inseego Corp. (NASDAQ: INSG) has appointed Ritesh Mukherjee as the Senior Vice President and General Manager of its Enterprise Networking Business. This strategic appointment aims to propel the company's cloud-managed 5G WAN edge solutions into enterprise markets, enhancing network orchestration and return on investment (ROI). Mukherjee brings extensive experience from previous roles at Reliance Jio and Cisco, focusing on innovative enterprise solutions. Inseego continues to lead in 5G device-to-cloud solutions, promising broad coverage and reliable connectivity.
Inseego Corp. (Nasdaq: INSG) reported a strong third quarter with net revenue of $66.2 million, a 0.8% sequential increase, highlighting a remarkable 260% year-over-year growth in 5G revenue and a 25% increase in cloud software revenue. Despite a GAAP operating loss of $10.0 million and a net loss of $0.09 per share, the company reported a robust pipeline in enterprise markets and an optimistic outlook, projecting 25% revenue growth for 2022. Cash and cash equivalents stood at $61.6 million.
Inseego Corp. (Nasdaq: INSG) announced the launch of its Wavemaker™ 5G indoor router FX2000 on November 5, targeting T-Mobile for Business customers. This router supports dual-band Wi-Fi 6, connecting up to 30 devices, providing efficiency for enterprise and small businesses. It features easy setup, peak 5G speeds exceeding 1 Gbps, and is designed for remote work, making it a favorable choice in both urban and rural areas. The FX2000 aims to bridge the digital divide, especially in education, offering fast and secure access for students and professionals.
Inseego Corp. (Nasdaq: INSG) has announced its participation in upcoming investor conferences, including the Stifel 2021 Virtual Midwest One-on-One Growth Conference on
Key executives will host one-on-one virtual meetings with investors. These conferences are by invitation only. For further details or to schedule meetings, contact investor relations via email.
Inseego Corp. (NASDAQ: INSG) has launched the Wavemaker PRO FW2000e 5G/LTE outdoor gateway, enhancing broadband access across Australia, particularly in rural regions. The FW2000e boasts high-gain antennas supporting fixed wireless access up to 17 kilometers from a cell tower and offering gigabit-plus speeds. This innovative solution, deployed on Telstra's network, addresses the longstanding 'last-mile' broadband challenge. With a user-friendly mobile app and high durability, the FW2000e is poised to benefit various sectors, including mining, agriculture, and remote work.
Inseego Corp. (NASDAQ: INSG) has appointed Robert G. Barbieri as the permanent Chief Financial Officer, effective October 25, 2021. Barbieri, who has served as interim CFO since April 2021, brings over 30 years of experience in senior financial roles across various technology and healthcare companies. The company also awarded him 375,000 stock options, set to vest over a four-year period. This appointment aims to strengthen Inseego's execution of its corporate strategy as it continues to deliver innovative 5G and IoT solutions.
Inseego Corp. (Nasdaq: INSG) will announce its financial results for Q3 2021 after the market closes on November 3, 2021. A conference call will be held at 5:00 p.m. ET the same day, featuring a Q&A session for analysts and investors. Access to listen live will be through the company's Investors section, with an archived version available for two weeks following the event. Inseego specializes in 5G and IoT solutions, enhancing connectivity across various environments.
Inseego Corp (NASDAQ: INSG) announced the launch of its 5G MiFi M2000 mobile hotspot through Optus Enterprise, a major Australian telecom provider. This strategic partnership marks Inseego's first commercial 5G offering in Australia, enabling high-speed internet access for business users. The MiFi M2000 features Wi-Fi 6 technology for increased speeds, multiple layers of security, and the ability to connect up to 30 devices. This launch aims to enhance flexible working solutions for enterprise customers, catering to the growing demand for secure and reliable mobile connectivity.
Inseego Corp (Nasdaq: INSG) has announced the launch of its 5G MiFi® M2000 mobile hotspot in partnership with Sunrise UPC, enhancing connectivity for their customers across Switzerland. This device supports 5G and advanced 4G LTE, allowing reliable internet access for up to 30 devices simultaneously. The hotspot delivers gigabit-plus data speeds and is designed for various applications, including tourism and healthcare. Inseego's innovative solutions continue to meet the growing demand for high-performance 5G products, reaffirming their leadership in smart device-to-cloud solutions.
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