Inseego reports Q4 net loss $0.11 per share, revenue $72.9M; appoints Ashish Sharma CEO

INSEEGO CORP.

2021-FY EPS reported -$0.51 revenue$262,399,000

Q4 revenue $72.9M, GAAP net loss $11.4M ($0.11 EPS), adjusted EBITDA negative $1.2M.
Full year 2021 revenue $262.4M; 5G revenue up 132% YoY; 5G/cloud solutions 58% of Q4 revenue.
Ashish Sharma named CEO effective March 1, 2022; Dan Mondor becomes Executive Chairman with $100k salary.
Year-end cash $49.8M, no bank debt; management expects free cash generation in H2 2022.
5G solutions launched with T-Mobile, Telstra, Vodafone Qatar, Zain KSA.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ashish Sharma

President & Chief Executive Officer

INSG · INSEEGO CORP.

Effective: 2022-03-01
Filed: March 1, 2022, 6:59 PM ET

The Board of Directors of Inseego Corp. (the “Company”) has appointed Ashish Sharma as President & Chief Executive Officer of the Company, effective at the close of business on March 1, 2022.

Role change

Dan Mondor

Executive Chairman

INSG · INSEEGO CORP.

Effective: 2022-03-01
Successor: Ashish Sharma
Filed: March 1, 2022, 6:59 PM ET

The Company also announced that Dan Mondor is transitioning from the role of Chief Executive Officer of the Company to Executive Chairman until the Company’s next annual meeting of stockholders

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ashish Sharma was appointed as President & Chief Executive Officer at INSEEGO CORP..

Action: appointed
Role: President & Chief Executive Officer

Exact text from the filing

The Board of Directors of Inseego Corp. (the “Company”) has appointed Ashish Sharma as President & Chief Executive Officer of the Company, effective at the close of business on March 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Dan Mondor changed role as Executive Chairman at INSEEGO CORP..

Action: transitioned
Role: Executive Chairman

Exact text from the filing

The Company also announced that Dan Mondor is transitioning from the role of Chief Executive Officer of the Company to Executive Chairman until the Company’s next annual meeting of stockholders

View on SEC.gov

INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001022652-22-000010

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