earnings
confidence high
sentiment neutral
materiality 0.60
Inseego Q1 revenue $61.4M, GAAP net loss $0.24/share; 5G revenue up 142% YoY
INSEEGO CORP.
2022-Q1 EPS reported
-$0.24
revenue$61,384,000
- Net revenue $61.4M; GAAP operating loss $21.8M; GAAP net loss $25.9M ($0.24 EPS).
- Adjusted EBITDA negative $3.3M; non-GAAP net loss $0.11 per share.
- 5G revenue grew 142% YoY; 5G and software solutions 67% of total revenue (up 68% YoY).
- Cash and restricted cash $45.2M at quarter end.
- Chuck Becher appointed SVP & GM of Carrier Solutions.