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Inseego Corp   (INSG)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment
 
Price: $2.8600 $0.07 2.509%
Day's High: $2.94 Week Perf: -15.63 %
Day's Low: $ 2.70 30 Day Perf: -0.69 %
Volume (M): 88 52 Wk High: $ 3.74
Volume (M$): $ 251 52 Wk Avg: $0.87
Open: $2.76 52 Wk Low: $0.16



 Market Capitalization (Millions $) 318
 Shares Outstanding (Millions) 111
 Employees 507
 Revenues (TTM) (Millions $) 195
 Net Income (TTM) (Millions $) -46
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 10

Inseego Corp
Inseego Corp. is a global pioneer in the design and development of innovative 4G and 5G NR fixed and mobile wireless solutions, IIoT, and cloud solutions for Fortune 500 organizations, service providers, small and medium-sized businesses, governments, and consumers. Our product line includes fixed and mobile device-to-cloud solutions that deliver appealing, intelligent, dependable, and secure end-to-end IoT services with deep business intelligence. Our 5G fixed wireless access ("FWA") gateway solutions, 4G and 5G mobile broadband, IIoT applications such as SD WAN failover management, asset tracking, and fleet management services are all created and built in the United States. Our solutions are supported by important wireless advances in mobile.
We have been at the forefront of the ways in which the world stays connected and accesses information, protects, and derives intelligence from that information. With multiple first-to-market innovations across a number of wireless technologies, including 5G, and a strong and growing portfolio of hardware and software innovations for IIoT solutions, Inseego has been advancing technology and driving industry transformations for over 30 years. It is this proven expertise, commitment to quality, obsession with innovation and a relentless focus on execution that makes us a preferred global partner of service providers, distributors, value-added resellers, system integrators, and enterprises worldwide.

For over two decades, the mobile industry has experienced tremendous advancements and growth. As the largest technology platform in the world, mobile connectivity has changed the way we work, the way we live and the way we connect with each other. The scale and pace of innovation in mobile technology, especially around connectivity and computing capabilities, is also impacting industries beyond traditional wireless.
We are working with leading global service providers and enterprises in the mobile and FWA ecosystems to further develop, commercialize and accelerate the availability of 5G-based solutions, which represent the next generation of mobile technology. 5G enables intelligent connectivity and is a catalyst for innovation and acceleration of the fourth industrial revolution across a wide range of vertical markets, including manufacturing, agriculture, utilities, industrial automation, retail, education, government, and healthcare. The widespread adoption of the Internet of Things (IoT) and advancements in enterprise applications along with an increasing dependence on mobile applications and always-connected machines and operations have become impacted by the constraints of 4G LTE technology. Addressing these needs is the primary driver for mobile network operators to accelerate the rollout of 5G communications in order to keep pace with expected network demands.
5G addresses the constraints of 4G LTE technology with wider spectrum bandwidths, multi-gigabit speeds, and ultra-reliable low latency, in addition to other advancements. As the fifth-generation wireless broadband technology, 5G is based on the Release 15 standard defined by the Generation Partnership Project ('3GPP'), an international consortium responsible for the development of mobile standards. The key operating ranges for 5G spectrum globally are in the sub-6 GHz (below 6 GHz), and millimeter wave (28 GHz and 39 GHz) bands, with speed offerings greater than 1 Gigabit ('Gb') per second and sub-millisecond latency, providing better coverage and signaling efficiency.


   Company Address: 9710 Scranton Road, Suite 200 San Diego, 92121 CA
   Company Phone Number: 812-3400   Stock Exchange / Ticker: NASDAQ INSG
   


Customers Net Income fell by INSG's Customers Net Profit Margin fell to

-8.59 %

14.9 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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Inseego Corp

Inseego Corp Reports Sudden Decline in Revenue for Q4 2023

Inseego Corp, a communications equipment company, recently reported its financial results for the period closing on December 31, 2023. The company experienced a loss of $0.14 per share, which is the same as the previous year. However, there was an improvement in earnings per share (EPS) from the previous quarter, which was $0.19 per share.
The revenue for the corresponding quarter in the previous year declined significantly by 17.097%, amounting to $43.87 million compared to $52.92 million. Additionally, there was a sequential deterioration in revenue of 8.406% from the preceding quarter, which was $47.90 million.

Inseego Corp

Inseego Corp Faces Mounting Losses in Third Quarter of 2023, Sparks Concerns for Future



Inseego Corp, a telecommunications and IoT solutions provider, recently released its financial report for the third quarter ending September 30, 2023. The results paint a challenging picture for the company, as it faced declining revenue and an increased net loss per share. Additionally, key financial indicators like inventories and accounts receivable have also experienced notable changes. Let's delve deeper into these insights and their implications.
Revenue Plummets Alongside Advancing Losses:
One of the most striking aspects of the report is the 30.755% drop in revenue compared to the same period the previous year. Inseego Corp's revenue plummeted to $47.90 million from $69.17 million. This decline indicates a significant challenge in the company's ability to generate sales and highlights a weak business environment.

Inseego Corp

Inseego Corp Records Decline in Q2 2023 Sales, Leading to Deficit

During the past week, Inseego Corp shares experienced a modest increase of 1.05%. While this may seem like a positive sign, the year to date performance for the company remains rather disappointing, with a decline of 16.7%. Furthermore, the shares are currently being traded on the NASDAQ at a value that is 44.2% below its 52-week average.
In order to better understand the current state of Inseego Corp, it is important to evaluate its financial performance for the second quarter of 2023. During this period, INSG reported a loss of $0.05 per share, which is an improvement compared to the loss of $0.12 per share from the previous year and the same loss of $0.05 per share from the preceding financial reporting period.
The revenue for Inseego Corp in the second quarter of 2023 decreased significantly by 14.485% to $52.90 million, in comparison to the $61.86 million recorded in the same financial reporting period the previous year. However, there was a sequential revenue increase of 4.138% from $50.79 million.
In terms of net loss, Inseego Corp reported a loss of $1.782 million for the second quarter of 2023, which is a considerable improvement compared to the loss of $12.376 million during the same period a year ago.
It is worth noting that the level of inventories held by Inseego Corp can be indicative of future demand. In this case, the inventories have declined to $30.5 million, both from the previous quarter and in comparison to the same period a year ago. This decrease may suggest a decrease in demand or potential cost-cutting measures taken by the company.
On the other hand, the accounts receivable for Inseego Corp have declined to $25.2 million from the previous quarter. However, it is important to note that this amount is still higher than the accounts receivable recorded during the same time a year ago, indicating potential challenges in collecting payments from customers.
Looking ahead, Inseego Corp is expected to report its next financial earnings on August 08, 2023. This will provide further insight into the company's performance and potential future prospects.

Inseego Corp

Inseego Corp Achieves Striking Redemption with Reduced Losses in Fiscal Interval Ending March 2023

Investors, rejoice! Inseego Corp has managed to slice its losses on diminishing revenue for the fiscal interval ending March 31, 2023. With a loss per share of only $-0.05, in contrast to a staggering $-0.24 the previous year, the company is showing significant improvement. Despite a decrease in revenue by -17.252% to $50.79 million, in comparison to $61.38 million reported in the same reporting period a year prior, the earnings per share have improved significantly from $-0.14 per share. Further, despite a decrease in revenue of -4.01% to $52.92 in the year before, the company's recent report shows a net loss of only $-1.757 million, instead of the whopping deficit of $-25.223 million reported a year ago.
These numbers are impressive, and it's a testament to the hard work and dedication of the leadership team at Inseego Corp. The financial community eagerly anticipates the next financial report due on August 08, 2023, which is expected to show continued growth and improvement in earnings.






 

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