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) will participate in the ROTH Virtual London Conference on June 21, 2021. Key executives, including CEO Dan Mondor, President Ashish Sharma, and CFO Bob Barbieri, are set to engage in one-on-one meetings with investors. Attendance is by invitation only, and registration is necessary. Inseego specializes in 5G and IoT device solutions, enabling extensive 5G coverage and high-speed internet access through advanced technologies like 4G LTE and Wi-Fi 6. Their products cater to service providers, enterprises, and government entities globally.
Inseego Corp. (Nasdaq: INSG) announced the immediate appointment of Stephanie Bowers to its Board of Directors. Ms. Bowers will also join the Nominating and Corporate Governance Committee, bringing her extensive experience in international relations and government affairs. Her background includes two decades at the U.S. government and significant roles at the State Department and the National Security Council. Chairman and CEO Dan Mondor highlighted her potential contributions as Inseego expands into new global markets, particularly concerning security and supply chain aspects of 5G products.
Inseego Corp. (Nasdaq: INSG) announces the promotion of Ashish Sharma to President, effective immediately. Formerly President of IoT & Mobile Solutions since 2020, Sharma will continue to report to Chairman and CEO Dan Mondor, overseeing all business operations, including product development, sales, and marketing. CEO Mondor emphasizes the alignment of the organization for delivering integrated solutions as Inseego enters a new growth phase. Sharma's extensive background in technology and marketing aims to leverage talent for enhancing 5G solutions and creating value for shareholders.
Inseego Corp (Nasdaq: INSG) announced a collaboration with Net4 to simplify 5G private networks deployment for enterprise customers in the UK and Europe. The partnership integrates Net4's platform for ultra-reliable 5G connectivity with Inseego's 5G device portfolio, facilitating cellular-to-ethernet and Wi-Fi gateway services. The solution leverages 5G Stand Alone technology, promising low latency and improved network management. This collaboration aims to reduce deployment costs and enhance connectivity for legacy devices while providing high-density connections and better control over enterprise networks.
Inseego Corp. (Nasdaq: INSG) has announced that CEO Dan Mondor will present at two upcoming investor conferences. The Cowen 49th Annual Technology, Media, & Telecom Virtual Conference will take place from June 1-3, 2021, with a fireside chat scheduled for June 3 at 3:50 PM ET. Additionally, Inseego will present at the Stifel 2021 Virtual Cross Sector Insight Conference from June 8-10, with a presentation on June 9 at 4:00 PM ET. The company will also host one-on-one investor meetings and provide live webcasts of the presentations, accessible on their investor relations site.
Inseego Corp. (Nasdaq: INSG) announced that chairman and CEO Dan Mondor will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 3:45 p.m. ET. The company will also facilitate one-on-one meetings with investors on the same day. A live webcast of the presentation will be available on the company's investor relations site, with a replay accessible for 90 days afterwards. Inseego specializes in 5G and intelligent IoT solutions aimed at enhancing connectivity and performance across various environments.
UScellular, Qualcomm, Ericsson, and Inseego have achieved a significant milestone in 5G technology by establishing the longest 5G mmWave Fixed Wireless Access (FWA) connection in the US, reaching a distance of 7 km with sustained downlink speeds of approximately 1 Gbps and peak speeds over 2 Gbps in Janesville, Wisconsin. This advancement enables enhanced broadband services for rural and urban areas, addressing connectivity challenges and facilitating high-speed internet for homes, schools, and healthcare facilities.
Inseego Corp. (Nasdaq: INSG) reported its Q1 results with net revenue of $57.6 million, marking a 1.3% increase year-over-year. However, the company experienced a GAAP operating loss of $16.2 million and net loss of $17.0 million, translating to a loss of $0.18 per share. Cash reserves stood at $59.6 million, with zero bank debt. The 5G and SaaS revenue now represents 44% of total revenue, up from last year. Despite losses, the company noted progress in launching new products and improving gross margins, with a non-GAAP gross margin of 35.7%, an increase of 4.2% year-over-year.
Peachtree Corners has partnered with Inseego Corp (Nasdaq: INSG) to implement advanced 5G solutions in their smart city infrastructure. This collaboration aims to optimize various applications, including autonomous vehicles and intelligent traffic management systems. Utilizing Inseego's Wavemaker™ 5G technologies, the city leverages high-speed connectivity for data-intensive operations, enhancing city management efficiency. This initiative is positioned to further establish Peachtree Corners as a leading model for 5G integration in urban environments.
Inseego Corp. (Nasdaq: INSG) has partnered with ScanSource, Inc. (Nasdaq: SCSC) to enhance its 5G portfolio sales across various enterprise markets. ScanSource will act as a technology services distributor for Inseego's Wavemaker PRO 5G fixed wireless series, enabling customers to place orders for the commercial units now shipped. This collaboration aims to provide high-performance 5G connectivity solutions across sectors like healthcare and retail, facilitating operational efficiency and new revenue opportunities for partners.
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